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Company Profile  
Bajaj Finserv Ltd.
BSE Code 532978
ISIN Demat INE918I01018
Book Value(Rs.) 226.04
Dividend Yield % 0.06
Market Cap(Rs. in millions) 1393280.15
P/E 431.33
EPS 20.30
Face Value(Rs.) 5  

Bajaj Finserv a part of Bajaj Auto, has established itself as a financial power house with interests in insurance, lending, asset management and wealth management. The company through its joint ventures and subsidiaries employs over 20,000 employees and has established a nationwide presence across over 1400 locations in the country servicing the protection, lending and investment needs of over 10 million customers.

The company is currently engaged in life insurance; general insurance and consumer finance businesses and has plans to expand its business by offering a wide array of financial products and services in India. Apart from financial services, BFS is also active in wind-energy generation.

The financial services and wind energy businesses were transferred to Bajaj FinServ Limited (BFS) as part of the recently concluded demerger of Bajaj Auto Limited, approved by the High Court of Judicature at Bombay by its order dated December 18, 2007. The demerger is effective from the Appointed Date i.e. closing hours of business on March 31, 2007.

BFS is engaged in life and general insurance businesses through its joint ventures with Allianz SE namely Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Limited. Both these companies have established themselves as industry leaders by being number two among the private players in their respective businesses.

In September 2010 Bajaj FinServ Limited announced its foray into Infrastructure Finance, with the intention to build a complete set of financial services businesses in coming years and share the Bajaj Finserv Group’s common values of Reliability, Innovation and Efficiency and provide customers with high quality products and services.

In 2010 Bajaj Finserv announces new brand identity and new businesses.

In 2012 the company launched 0% interest Lifestyle Finance
- Flexisaver launches another innovative product for Small and Medium Enterprise customers
- Bajaj Finserv Lending launches online personal loan service
- Tie up with CPP India for card protection services
- Bajaj Finserv Ltd created the first EMI (Existing Member Identification) card and created Flexisaver. '


Bajaj Finance: The company offers loans for Bajaj Auto Two Wheelers under the name of Bajaj Auto Finance. The company offers Consumer Durable Loans, Personal Loans, Loan Against Property, Small Business Loans, Construction Equipment Loans, Loan Against Securities and Insurance Services under the name of Bajaj Finserv Lending.

Bajaj Allianz Life Insurance: It is a union between Allianz SE, one of the largest Insurance Company and Bajaj Finserv. Allianz SE is a leading insurance conglomerate globally and one of the largest asset managers in the world, managing assets worth over a Trillion (Over Rs 55, 00,000 crore). Allianz SE has over 119 years of financial experience and is present in over 70 countries around the world.

Bajaj Allianz General Insurance : It is a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz SE. Both enjoy a reputation of expertise, stability and strength.

Bajaj Allianz General Insurance received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 2nd May, 2001 to conduct General Insurance business (including Health Insurance business) in India. The Company has an authorized and paid up capital of Rs 110 crores. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz, SE.

As on 31st March 2010, Bajaj Allianz General Insurance maintained its premier position in the industry by achieving growth as well as profitability. Bajaj Allianz has made a profit before tax of Rs 180 crore and has become the only private insurer to cross the Rs 100 crore mark in profit before tax in the last four years. The profit after tax was Rs 121 crore, 27% higher than the previous year.

Bajaj Auto : The group's flagship company, Bajaj Auto, is ranked as the world's fourth largest two- and three- wheeler manufacturer and the Bajaj brand is well-known across several countries in Latin America, Africa, Middle East, South and South East Asia.

Bajaj Holdings & Investment Limited [(BHIL) – erstwhile Bajaj Auto Limited ] was de-merged as per Order dated 18 December 2007 of the  Bombay High Court, whereby its manufacturing undertaking has been transferred to the new Bajaj Auto Limited (BAL) and its strategic business undertaking consisting of wind farm business and financial services business has been vested with Bajaj Finserv Limited (BFS). All the businesses and all properties, assets, investments and liabilities of erstwhile Bajaj auto Ltd, other than the manufacturing undertaking and the strategic business undertaking, now remain with BHIL. (For details of the scheme refer Demerger News)

Post-demerger, BHIL holds more than 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.

BHIL has been registered as a Non-Banking Financial Company (NBFC) under the Registration No. N-13.01952 dated 29 October 2009 with Reserve Bank of India (RBI). The Company is classified as a ‘Systemically Important Non-deposit taking NBFC’ as per RBI Regulations.

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