Bajaj Finserv Ltd | Bajaj Finance Limited

Bajaj Finserv Ltd is a holding company for the various financial services businesses under the Bajaj group. Read more about Bajaj Group of Company | Subsidiaries

Profile of Bajaj Finserv Ltd

Bajaj Finserv Ltd participates in various businesses through controlling stakes. The financing business through its 52.49% holding in Bajaj Finance Ltd. (BFL), a large, well recognised and highly profitable listed enterprise.

  • Revenue: ₹ 73,140 Cr.
  • Dividend Yield: 0.02 %
  • ROCE: 11.4 %
  • ROE: 12.0 %
  • Face Value: ₹ 1.00
  • Promoter holding: 60.8 %
  • Debt to equity: 4.22

The Company Business involve

  • Asset acquisition and lifestyle enhancement through financing
  • Asset protection through general insurance
  • Family protection through life and health insurance
  • Providing healthcare needs for the family
  • Offering savings products
  • Wealth management, and
  • Retirement planning and annuities.

Subsidiary companies

The Company has four material subsidiaries viz.

Further the Company has four wholly owned subsidiaries viz.,

  • Bajaj Finserv Health Ltd., Bajaj Finserv Ventures Ltd.,
  • Bajaj Finserv Asset Management Ltd. and
  • Bajaj Finserv Mutual Fund Trustee Ltd.

The Company also has Bajaj Financial Securities Ltd. as its subsidiary which is a wholly owned subsidiary of Bajaj Finance Ltd.

Consumer Finance and Lending Bajaj Finance Ltd. (BFL)

Bajaj Finance Limited is among India’s leading and most diversified non-banking financial companies (NBFCs). Bajaj Finance is a deposit-taking Non-Banking Financial Company (NBFC) registered with the RBI. It is a subsidiary of Bajaj Finserv Ltd., and is engaged in the business of lending and acceptance of deposits. BFL has a diversified lending portfolio across retail, SMEs and commercial customers with significant presence in urban and rural India.

  • 35 Years of operations
  • 57.6 million Customers served
  • 27% Capital adequacy ratio
  • 197,452 crore Assets under Management

It accepts public and corporate deposits and offers variety of financial services products to its customers. In turn, Bajaj Finance Limited has a 100% unlisted subsidiary called Bajaj Housing Finance Ltd. (BHFL), which is a profitable and fast growing enterprise engaged in various aspects of housing finance and development.

The company geographic presence spans 3,504 locations across the country, including 2,136 locations in rural/smaller
towns and villages and overall distribution network is 133,200+.

  • Consumer Durable Loan
  • Digital Product Loan
  • Lifestyle Product Loan
  • Lifecare Finance
  • 2-Wheeler & 3-Wheeler Loan
  • Personal Loan
  • Home Loan
  • Loan Against Property
  • Gold Loan
  • EMI Network Card
  • Health EMI Card
  • Co-branded Credit Card
  • Co-branded Wallet
  • Working Capital Loan
  • Loan to Self-employed and
  • Professionals
  • Secured Enterprise Loan
  • Used-car Finance
  • Medical Equipment Finance
  • Life, General & Health Insurance
  • Distribution
  • Pocket Insurance
  • Systematic Deposit Plan
  • Mutual Fund
  • Term Deposit
  • Loan Against Securities
  • IPO Finance
  • ESOP Finance
  • Vendor Finance
  • Financial Institutions Lending
  • Light Engineering Lending
  • Specialty Chemicals Lending
  • Trading Account
  • Depository Services
  • Margin Trading Finance
  • HNI Broking
  • Retail Broking

Bajaj Finance Limited also has another 100% unlisted subsidiary called Bajaj Financial Securities Ltd. (BFinsec), which is registered with the Securities and Exchange Board of India (SEBI) as a stockbroker and depository participant. BFinsec is a stockbroker that provides its clients a full suite of investment products and services in an all-in-one digital platform. Life, general and health insurance businesses through its 74% holding in two unlisted subsidiaries, namely:

  • Bajaj Allianz Life Insurance Company Ltd. (BALIC); and
  • Bajaj Allianz General Insurance Company Ltd. (BAGIC).

The mutual fund and asset management businesses through Bajaj Finserv Asset Management Ltd., a 100% subsidiary of BFS. Having obtained an in-principle approval to set up the asset management company, it is in the process of completing the requirements for the final licence.

Bajaj Finserv also has investments in renewable energy in the form of 138 windmills situated in Maharashtra with an aggregate installed capacity of 65.2 MW.

Bajaj Housing Finance Limited (BHFL)

Bajaj Housing Finance Ltd. (BHFL), a 100% subsidiary of BFL, started its lending operation from July 2017. It offers the following products to its customers: (i) home loans; (ii) loan against property; (iii) lease rental discounting; and (iv) developer financing. It also has a dedicated vertical offering home loans and loan against property to rural individuals and MSME customers.

Bajaj Financial Securities Ltd. (BFinsec)

BFinsec, a 100% subsidiary of BFL, is registered with the SEBI as a stockbroker and depository participant. It started its business operations from August 2019 to ring fence Loan Against Securities (LAS) customers of BFL by providing them a full suite of investment products and services.

It offers demat, broking, margin trade financing and financing for offer for sale to retail and HNI clients. It offers spread financing to its customers through BFL. With a view to provide better trading experience to its customers, BFinsec upgraded its website and mobile trading app to add several major capabilities including multiple charts, E-Collect feature for hassle-free fund addition etc.

With a base of approximately 331,000 customers as of 31 March 2022, BFinsec offers demat and broking services to HNIs with high level of customisation , demat and broking for retail customers with multiple means of digital access apart from call-in-trade and Margin Trade Financing for both HNI and retail clients.

Bajaj Finserv Direct Ltd. (Bajaj Markets)

Another subsidiary of Bajaj Finserv Ltd, this is a digital marketplace for financial services products from loans to cards to insurance, mutual funds, investments, lifestyle products, payments and e-commerce. The idea is to attract new-to-Finserv customers by creating awareness and discovery of the Finserv brand in a seamless digital medium.

Bajaj Finserv Health Ltd

Also a 100% subsidiary of BFS, this is a health tech venture which aims to transform healthcare in India by integrating a fragmented healthcare delivery ecosystem with technology and financial services on a digital platform to bring quality healthcare closer to consumers’ reach through products, networks and technology. As an example, it introduced ‘Aarogya Care’, an industry-first product, offering a wide range of personalised, preventive and prepaid healthcare packages such as OPD care, telemedicine, and other services.

Bajaj Finserv Ventures Ltd is A 100% subsidiary of Bajaj Finserv Ltd, this is an investment platform for alternate assets.

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Raveendran R
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