Bajaj Finance: Difference between revisions
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Headquartered in [[Pune]], [[Maharashtra]], the company has 294 consumer branches and 497 rural locations with over 33,000+ distribution points. The company reported a pre-tax profit of Rs.626 crores and a post-tax profit of Rs.408 crores<ref>[http://economictimes.indiatimes.com/markets/stocks/earnings/bajaj-finance-jul-sep-net-rises-46-at-rs-408-crore/articleshow/55095394.cms "post-tax profit of Rs.408 crores"] ''Economic Times''</ref> at a ROA of 0.8% and ROE of 5.1% in Q2 FY17. |
Headquartered in [[Pune]], [[Maharashtra]], the company has 294 consumer branches and 497 rural locations with over 33,000+ distribution points. The company reported a pre-tax profit of Rs.626 crores and a post-tax profit of Rs.408 crores<ref>[http://economictimes.indiatimes.com/markets/stocks/earnings/bajaj-finance-jul-sep-net-rises-46-at-rs-408-crore/articleshow/55095394.cms "post-tax profit of Rs.408 crores"] ''Economic Times''</ref> at a ROA of 0.8% and ROE of 5.1% in Q2 FY17. |
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The Company has also been ranked No.16 in the “India’s Best Companies to Work For – 2017” list by Great Place To Work(R) institute http://www.greatplacetowork.in/best-companies/indias-best-companies-to-work-for# |
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==Corporate background== |
==Corporate background== |
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Revision as of 11:16, 4 December 2017
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| Company type | Public Company |
|---|---|
| Industry | Financial Services |
| Founder | Sriniwash Chaudhry Bajaj |
| Headquarters | , |
Key people | Sanjiv Bajaj, Rajeev Jain |
| Products | Lending, Fixed Deposits, Mutual Funds |
| Revenue |  US$715 million |
| Parent | Bajaj Finserv Ltd |
| Subsidiaries | Bajaj Financial Services Ltd., Bajaj Housing Finance Ltd |
| Website | www |
Bajaj Finance Limited,[1] a subsidiary of Bajaj Finserv, is an Indian Non-Banking Financial Company (NBFC). The company deals in Consumer Finance, SME (Small and Medium-sized Enterprises) and Commercial Lending, and Wealth Management. They are a consumer focused company with emphasis on profitable growth and operational efficiency to deliver best results to all its stakeholders.
The company is a 29-year-old most diversified non-bank in India with a demonstrated track record of profitability. Apart from being the largest financier of consumer durables in India they are also one of the most profitable firms in this category.
Headquartered in Pune, Maharashtra, the company has 294 consumer branches and 497 rural locations with over 33,000+ distribution points. The company reported a pre-tax profit of Rs.626 crores and a post-tax profit of Rs.408 crores[2] at a ROA of 0.8% and ROE of 5.1% in Q2 FY17. The Company has also been ranked No.16 in the “India’s Best Companies to Work For – 2017” list by Great Place To Work(R) institute http://www.greatplacetowork.in/best-companies/indias-best-companies-to-work-for#
Corporate background
Originally incorporated as Bajaj Auto Finance Limited on March 25, 1987, the non-bank singularly focused on providing two and three wheeler finance. After 11 years in the auto finance market, Bajaj Auto Finance Ltd launched its initial public issue of equity share and was listed on the BSE and NSE.
At the turn of the 20th century, the company ventured into the durables finance sector, making a relatively smooth transition to the unexplored space. In the subsequent years, Bajaj Auto Finance diversified into business and property loans as well.[3]
In the year 2006, the company’s assets under management hit the Rs.1,000 crore mark and is currently at Rs.52,332 crore. 2010 saw the company’s registered name change from Bajaj Auto Finance Limited to Bajaj Finance Limited,[4] owing to its growing portfolio of products.
Ownership
The parent company, Bajaj Finserv Limited, holds 57.28% of the total shares[5] and has a controlling stake in the subsidiary. Other major investors include Maharashtra Scooters Limited, Government of Singapore, Smallcap World Fund INC and AXIS Long Term Equity Fund.
References
- ^ "Bajaj Finance" Economic Times
- ^ "post-tax profit of Rs.408 crores" Economic Times
- ^ "Bajaj Finance scaled up its business" The Hindu Business Line
- ^ "Bajaj Finance Limited" Money Control
- ^ "Bajaj Finserv Holds 57.28% of Total Share" The Hindu Business Line . Retrieved 2016-07-26.