Bajaj Finance Limited: History, Latest Updates, Milestones, Subsidiaries & Share Price
Introduction
Bajaj Finance Limited , a Non-Banking Finance Company operating in the business of accepting deposits. Registered with RBI as 'NBFC ICC' is a subsidiary of Bajaj Finserv Limited. Its customer portfolio includes retail, SME and commercial customers servicing both rural and urban. It operates in the business of consumer lending, SME and commercial lending and investments. Bajaj Finance Limited established in the year 2007 is one of the largest and most diversified NBFC in India.
Bajaj Finance Limited Moves In 2024
Bajaj Finance Limited has increased its FD rates for senior citizens by 60 bps i.e. 8.85%.in April, 2024.
Bajaj Finance Limited has reported growth in new loans to 4% as per reported Q4 results. Also, The AUM increased by 35%.
Bajaj Finance Limited subsidiary Housing Finance Limited is expected to be listed in stock exchange by 2025.
Bajaj Finance Limited share price was down by 0.43% after the Bajaj Group announced the reconsideration of listing its Bajaj Housing Finance Limited subsidiary in stock exchange.
Bajaj Finance Limited share price for April 2024 is Rs. 6893.20.
Bajaj Finance Limited share price for March 2024 is Rs. 7245.25
Bajaj Finance Limited share price for February 2024 is Rs. 6492.35
Bajaj Finance Limited share price for January 2024 is Rs. 6862.90
Bajaj Finance Limited has reported its Q3 results, in which the profit has been reported to be at Rs. 3760 crore and NII at Rs.7560 crore. The RoA is at 4.8% and RoE is at 24%.
Evolution Of Bajaj Finance Limited: From Past to Present
|
Year |
Evolution |
|
1987 |
Incorporated as Bajaj Auto Finance Private Limited Company on 25th March, 1987 |
|
Converted into Public Limited Company on 20th October, 1987 |
|
|
1995 |
Company went for a public issue with the face value of Bajaj Finance share price to be Rs.10. |
|
Company no longer the subsidiary of Bajaj Auto Limited. |
|
|
1996 |
Company obtained CRISIL rating for its FD schemes |
|
1997 |
Joint debt programme with Wipro and Bajaj Auto Finance Limited. |
|
1998 |
Company in agreement with Godrej GE Appliances, LG and Bluestar for their consumer durable financing. |
|
1999 |
Company made its shares dematerialized through NSDL. |
|
2004 |
Company in agreement with Intel Pentium 4 PC for financing |
|
2010 |
Company changed its name from Bajaj Auto Finance Limited to BAJAJ FINANCE LIMITED |
|
2011 |
Company acquired Bajaj Financial Solutions |
|
2015 |
Company’s subsidiary ‘Bajaj Housing Finance’ gets licensed from National Housing Bank |
|
2017 |
Company enters into a SSA with MobiKwik |
|
2018 |
Launched digital enabled FDs |
|
2020 |
Launched Data Analytics and Big data tools |
|
2022 |
Launched Co-branded credit cards with RBL bank and DBS bank. |
|
2023 |
Expanded its customer base to more than 3000 towns with 33000 distribution points with 150000 stores. |
Bajaj Finance Limited Company Information
|
Company Information |
|
|
Name |
Bajaj Finance Limited |
|
Founded year |
1987 |
|
Parent Company |
Bajaj Finserv |
|
Headquarters |
Pune , India |
|
Industry |
Financial Services |
|
Current Managing Director |
Mr. Rajeev Jain |
|
Subsidiaries |
Bajaj Financial Services Bajaj Housing Finance Bajaj Financial Securities |
|
Revenue |
Rs. 13,382 crore(2023) |
|
NSE code |
NSE: BAJFINANCE NSE NIFTY 50 Constituent |
|
BSE code |
BSE: 500034 BSE SENSEX Constituent |
Inside Bajaj Finance Limited
Bajaj Finance News
Bajaj Finance Limited subsidiary Housing Finance Limited is expected to be listed in stock exchange by 2025.
Bajaj Finance Limited share price was down by 0.43% after the Bajaj Group announced the reconsideration of listing its Bajaj Housing Finance Limited subsidiary in stock exchange.
Bajaj Finance Share Price Today
|
COMPANY NAME |
SECTOR |
SHARE PRICE LINK |
|
Bajaj Finance Limited |
Financial Services |
Milestones of Bajaj Finance Limited
|
Year |
Milestones |
|
25th March 1987 |
Incorporated as Bajaj Auto Finance Limited |
|
1998 |
Listed on BSE and NSE |
|
2000 |
Business diversification into consumer durables financing as small loans at zero interest rates. |
|
2006 |
Achieved AUM of Rs. 1000 crore |
|
2010 |
Renamed as Bajaj Finance Limited |
|
2015 |
Established disaster recovery center |
|
2020 |
Utilized data analytics and big data tools |
|
2023 |
Launched loan products for MSME, |
Awards & Achievements of Bajaj Finance Limited
Bajaj Finance Limited is certified as a great place to work organization.
"Best NBFC in India" by various financial institutions and publications.
"Best Consumer Finance Company" by ET Now BFSI Awards.
"Digital Innovator of the Year" by Business World BFSI Awards.
"Best Use of AI in Financial Services" by AI Summit and Awards.
Conclusion
Bajaj Finance Ltd., a subsidiary of Bajaj Finserv Ltd., has emerged as a prominent player in India's financial sector, offering a wide range of products and services. With a diversified lending portfolio catering to retail, SMEs, and commercial customers, Bajaj Finance has established a strong presence across urban and rural India. The company's commitment to innovation is evident in its array of consumer finance options, including durable finance, lifestyle finance, and digital product finance, among others. Additionally, Bajaj Finance has ventured into commercial lending, offering solutions such as vendor financing and lease rental discounting. With a focus on customer convenience, Bajaj Finance has introduced products like the EMI Network Card and co-branded credit cards, enhancing its market reach and customer base. Bajaj Finance's consistent recognition through high credit ratings and industry awards underscores its position as a trusted and leading NBFC in India, poised for continued growth and success.
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5. What is Bajaj Finance Share Price target?
It’s predicted that Bajaj Finance stock Price will reach Rs.8581.20. Bajaj Finance Limited share price could follow a bearish path. For real-time insights into the future of Bajaj Finance Limited Share Price, visit Enrich Money.
Disclaimer: The information provided here is intended to serve as a starting point for your research and should not be considered specific investment advice. Financial markets are inherently unpredictable, so it's essential to conduct thorough research and due diligence. Past performance does not guarantee future results. Stay informed and invest responsibly.
