Bajaj Holdings & Investment (BHIL) - erstwhile Bajaj Auto (BAL) - was de-merged as per the Bombay High Court order dated 18 December 2007. The company is essentially a holding and investment company focusing on earnings income through dividend, interest and gains on investments held. Bajaj Auto is the flagship company of the Bajaj Group. The group comprises of 35 companies and was founded in the year 1926.
As part of the demerger Scheme, Bajaj Holdings and Investment, the auto company, was renamed as Bajaj Auto and the erstwhile Bajaj Auto was renamed as Bajaj Holdings & Investment (which would act as the primary investment company).
The process of demerger of erstwhile BAL, which was approved by the board of directors of the company on May 17, 2007 was completed with all approvals being obtained, including that of Bombay High Court and SEBI. Pursuant to the Scheme of Arrangement of Demerger, Bajaj Holdings & Investments Ltd (BHIL, erstwhile BAL) was demerged into three undertakings with effect from the effective date, viz. 20 February 2008. further Pursuant to the Scheme of Demerger, the GDR programs for Bajaj Auto Limited (BAL) and Bajaj Finserv Limited (BFS) got established on August 21, 2008.
After the demerger BHIL’s manufacturing undertaking was transferred to the new Bajaj Auto (BAL) while its business undertaking consisting of wind farm business and financial services business has been transferred to Bajaj Finserv (BFS) and the company was focusing on new business opportunities. Post-demerger, BHIL holds 30% shares each in BAL and BFS. Going forward, BHIL will focus on new business opportunities. BAL and BFS will be able to tap (on an arm’s length basis) into BHIL’s cash pool to support future growth opportunities. BHIL by having 30% stake in both BAL and BFS will benefit from the future growth of these companies.
The decision of demerging the company was taken in view of the growth opportunities in the auto, wind energy, insurance and finance sectors and it was decided that it was timely and appropriate to de-merge these activities into separate entities, each of which can focus on these core businesses and strengthen its competencies.
BHIL has been registered as a Non-Banking Financial Company (NBFC) under the Registration No. N-13.01952 dated October 29, 2009 with Reserve Bank of India (RBI). The company is classified as a ‘Systemically Important Non-deposit taking NBFC’ as per RBI regulations.
Bajaj Finserv Ltd.
Kamalnayan Investments & Trading
Bajaj Allianz General Insurance Company
Sanraj Nayan Investments
Bajaj Allianz Life Insurance
Bajaj Financial Solutions
Hind Musafir Agency
Bajaj Allianz Financial Distributors
Bajaj Auto Holdings
P T Bajaj Auto Indonesia (PTBAI)
Bajaj Auto International Holdings BV
Bachhraj & Co
The Hindustan Housing
In 1945 Bajaj Auto came into existence as Bachraj Trading Corporation.
In 1959 Bajaj Auto obtains licence from the government of India to manufacture two- and three-wheelers.
In 1960 Bajaj Auto becomes a public limited company and Bhoomi Poojan of Akurdi Plant was done in the same year.
In 1970 Bajaj Auto rolls out its 100,000th vehicle.
In 1972 Bajaj Chetak, the most relied brand, was introduced.
In 1977 the company introduces Rear Engine Autorickshaw
On November 29,1995 Bajaj Auto turned 50.
In 1998 the company rolls out ‘Legend’ India’s first four-stroke scooter from Akurdi plant.
In November 2001 Bajaj Auto came with its offering in the premium bike segment as ‘Pulsar’.
In 2004 Bajaj unveils new brand identity, dons new symbol, logo and brandline
In 2007 Bajaj Auto commissioned a new plant at Pantnagar, Uttarakhand and in the same year the company announced the national launch of 220 cc Pulsar DTS-Fi.
In 2008 Pursuant to the Scheme of Arrangement of Demerger, Bajaj Holdings & Investments Ltd (BHIL, erstwhile BAL) was demerged into three undertakings with effect from the effective date, viz. 20 February 2008.
On October 29, 2009, BHIL was registered as a NBFC under the Registration No. N-13.01952
Awards and recognition
In 2006-07, the Chakan plant of the company received Super Platinum Award for Manufacturing Excellence by Frost and Sullivan.
In 2006-07, Bikemaker of the Year 2006-07 by Overdrive Awards
In 2006-07, Bike Manufacturer of the Year 2007 award by NDTV Profit Bike India
In 1998-99, All India Trophy for Highest Exporter award by EEPC
In 1998-99, Export Excellence award by EEPC
In 1997-98, Award for Export Excellence award by EEPC
In 1997-98, Export Excellence award by MCCIIA
In 1996-97, Export Excellence award by MCCIA
In 1995-96, Regional Top Exporter - Large Scale Manufacturer award by EEPC
In 1995-96, Outstanding Export Performance Government of India, award by Ministry of Commerce
In 1995-96, Top Exporter Shield - Western Region award by EEPC
In 1995-96, Certificate of Merit Government of India, by Ministry of Commerce
In 1994-95, All India Special Shield - Consumer Durables Exporter award by EEPC
In 1994-95, National Export award for Outstanding Performance Government of India, by Ministry of Commerce.
In 1992-93, Capital Goods Export award by EEPC
In 1979-80, Award for Export Excellence by EEPC
In 1977-78, Certificate of Export Recognition by EEPC
In 1976, Export Promotion award by FICCI
In 1976, Golden Jubilee Export Year Award by FICCI
In 1975-76, Export Excellence award by EEPC