Bajaj Finserv#Subsidiaries

{{short description|Indian financial services company}}

{{Distinguish|Bajaj Finance}}

{{Use Indian English|date=September 2015}}

{{Use dmy dates|date=September 2015}}

{{Infobox company

| logo = Bajaj Finserv Logo.svg

| name = Bajaj Finserv Limited

| image = File:Bajaj Finserv Head Office, Pune.jpg

| image_size = 250px

| image_caption = Bajaj Finserv's headquarters in Pune

| type = Public

| traded_as = {{plainlist|

| ISIN = {{ISIN|sl=n|pl=y|INE918I01026}}

| industry = Financial services

| fate =

| predecessor =

| successor =

| foundation = {{Start date and age|2007|5}}

| founder = Jamnalal Bajaj

| defunct =

| location_city = Pune, Maharashtra, India

| location_country =

| locations =

| area_served =

| key_people = Sanjiv Bajaj (chairman & Managing Director)

| products = {{ubl|Insurance |General insurance |Health insurance |Vehicle insurance |Travel insurance |Home insurance |Life insurance |Mortgage loans |Investment management | Asset management |Mutual funds |Credit cards{{cite web |title=Apply for Loans, EMI Finance, Credit Card and Insurance – Bajaj Finserv |url=http://www.bajajfinserv.in/ |website=bajajfinserv.in}}}}

| revenue = {{increase}}{{INRConvert|82072|c}}{{cite web |title=Bajaj Finserv Consolidated Profit & Loss account, Bajaj Finserv Financial Statement & Accounts |url=https://www.moneycontrol.com/financials/bajajfinserv/consolidated-profit-lossVI/BF04#BF04 |website=moneycontrol.com |language=en |access-date=11 December 2020 |archive-date=21 May 2023 |archive-url=https://web.archive.org/web/20230521170023/https://www.moneycontrol.com/financials/bajajfinserv/consolidated-profit-lossVI/BF04#BF04 |url-status=live }}

| revenue_year = 2023

| operating_income = {{increase}}{{INRConvert|16809|c}}

| income_year = 2023

| net_income = {{increase}}{{INRConvert|12208|c}}

| net_income_year = 2023

| assets = {{increase}}{{INRConvert|405509|c}}{{Cite web|title=Bajaj Finserv Consolidated Balance Sheet, Bajaj Finserv Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/bajajfinserv/consolidated-balance-sheetVI/BF04#BF04|access-date=14 July 2020|website=moneycontrol.com|language=en}}

| assets_year = 2023

| equity = {{increase}}{{INRConvert|46407|c}}

| equity_year = 2023

| num_employees = 105 (2022){{Cite web|title=Bajaj Finserv Company Overview|url=https://www.forbes.com/companies/bajaj-finserv/?sh=2285ca3c48e4|access-date=20 March 2023|website=Forbes.com|language=en}}

| parent = Bajaj Group

| divisions =

| subsid = {{ubl|Bajaj Finance{{Cite web|url=https://www.moneycontrol.com/annual-report/bajajfinserv/chairmans-speech/BF04|title=Bajaj Finserv Chairman's Speech > Finance - Investments > Chairman's Speech from Bajaj Finserv - BSE: 532978, NSE: BAJAJFINSV|website=www.moneycontrol.com|access-date=23 January 2019|archive-date=24 January 2019|archive-url=https://web.archive.org/web/20190124041317/https://www.moneycontrol.com/annual-report/bajajfinserv/chairmans-speech/BF04|url-status=live}}
Bajaj Allianz General Insurance
Bajaj Allianz Life Insurance
Bajaj Housing Finance
Bajaj Finserv Markets {{Cite web|url=https://ibsintelligence.com/ibsi-news/acko-partners-with-bajaj-finservs-subsidiary-finserv-markets/|title=ACKO partners with Bajaj Finserv's subsidiary – Finserv MARKETS|website=ibsintelligence.com|access-date=5 January 2021|archive-date=26 September 2022|archive-url=https://web.archive.org/web/20220926100305/https://ibsintelligence.com/ibsi-news/acko-partners-with-bajaj-finservs-subsidiary-finserv-markets/|url-status=live}}

|Bajaj Finserv Asset Management Company

|Bajaj Finserv Direct (Bajaj Markets)

|Bajaj Finserv Health

}}

| homepage = {{URL|http://www.bajajfinserv.in/}}

}}

Bajaj Finserv Limited is an Indian non-banking financial services company[https://www.bloomberg.com/quote/BJFIN:IN "Bajaj Finserv Ltd"] {{Webarchive|url=https://web.archive.org/web/20160319092803/http://www.bloomberg.com/quote/BJFIN:IN |date=19 March 2016 }} Bloomberg. Retrieved 2014-11-03.[http://www.indiainfoline.com/markets/company/background/company-profile/bajaj-finserv-ltd/28075 "Bajaj Finserv Ltd"] {{Webarchive|url=https://web.archive.org/web/20150924050947/http://www.indiainfoline.com/markets/company/background/company-profile/bajaj-finserv-ltd/28075 |date=24 September 2015 }} India Infoline. Retrieved 2014-11-03. headquartered in Pune. It is focused on lending, asset management, wealth management and insurance.[http://economictimes.indiatimes.com/bajaj-finserv-ltd/infocompanyhistory/companyid-21426.cms "Bajaj Finserv Ltd."] {{Webarchive|url=https://web.archive.org/web/20150226151521/http://economictimes.indiatimes.com/bajaj-finserv-ltd/infocompanyhistory/companyid-21426.cms |date=26 February 2015 }} The Economic Times. Retrieved 2014-11-03.[http://timesofindia.indiatimes.com/Business/India-Business/Bajaj-Finserv-to-float-a-housing-finance-company/articleshow/42194853.cms "Bajaj Finserv to float a housing finance company"] {{Webarchive|url=https://web.archive.org/web/20150222221842/http://timesofindia.indiatimes.com/Business/India-Business/Bajaj-Finserv-to-float-a-housing-finance-company/articleshow/42194853.cms |date=22 February 2015 }} The Times of India. Retrieved 2014-11-03.

History

The financial services and wind energy businesses were transferred to Bajaj Finserv Limited (BFL) as part of the concluded demerger from Bajaj Auto Limited, approved by the High Court of Judicature at Bombay by its order dated 18 December 2007.[http://articles.economictimes.indiatimes.com/2007-08-18/news/27675728_1_demerger-scheme-bajaj-holdings-bajaj-auto "Bajaj Auto demerger approved"] {{Webarchive|url=https://web.archive.org/web/20141217035850/http://articles.economictimes.indiatimes.com/2007-08-18/news/27675728_1_demerger-scheme-bajaj-holdings-bajaj-auto |date=17 December 2014 }} The Economic Times. Retrieved 2014-11-03.{{Cite book |last=Saraogi |first=Rahul |url=https://books.google.com/books?id=HMMiAwAAQBAJ&dq=Bajaj+Finserv&pg=PA122 |title=Investing in India, + Website: A Value Investor's Guide to the Biggest Untapped Opportunity in the World |date=2014-04-21 |publisher=John Wiley & Sons |isbn=978-1-118-75609-6 |language=en |access-date=27 May 2023 |archive-date=12 May 2024 |archive-url=https://web.archive.org/web/20240512043310/https://books.google.com/books?id=HMMiAwAAQBAJ&dq=Bajaj+Finserv&pg=PA122 |url-status=live }} It is a financial conglomerate with stakes in the financing sector (Bajaj Finance),{{Cite web |last=Chatterjee |first=Sinjinee |date=2018 |title=To evaluate the perception of the parent brand Bajaj vis-à-vis Bajaj Finserv |url=http://tapmi.informaticsglobal.com/617/ |access-date=2022-08-31 |website=tapmi.informaticsglobal.com |language=en |archive-date=31 August 2022 |archive-url=https://web.archive.org/web/20220831164253/http://tapmi.informaticsglobal.com/617/ |url-status=live }}[http://www.business-standard.com/article/companies/bajaj-finserv-s-q1-consolidated-net-profit-rises-14-114071600994_1.html "Bajaj Finserv's Q1 consolidated net profit rises 14%"] {{Webarchive|url=https://web.archive.org/web/20141104070358/http://www.business-standard.com/article/companies/bajaj-finserv-s-q1-consolidated-net-profit-rises-14-114071600994_1.html |date=4 November 2014 }} Business Standard. Retrieved 2014-11-03. the life insurance business (Bajaj Life Insurance), the general insurance business (Bajaj General Insurance),{{Cite web |last1=Gandhi |first1=Kajal |last2=Narnolia |first2=Vishal |last3=Sawant |first3=Sameer |date=September 22, 2021 |title=Bajaj Finserv (BAFINS): Improving prospects of key subsidiaries to add value |url=https://www.icicidirect.com/mailimages/IDirect_BajajFinserv_CoUpdate_Sep21.pdf |access-date=31 May 2022 |website=ICICIDirect |archive-date=26 May 2022 |archive-url=https://web.archive.org/web/20220526121349/https://www.icicidirect.com/mailimages/IDirect_BajajFinserv_CoUpdate_Sep21.pdf |url-status=live }}{{Cite web |last=Karwa |first=Atul |date=28 October 2020 |title=Initiating Coverage Bajaj Finserv Ltd. |url=https://www.hdfcsec.com/hsl.research.pdf/Bajaj%20Finserv%20-%20Initiating%20Coverage%20-%20281020.pdf |access-date=31 May 2022 |website=HDFC securities |archive-date=17 June 2022 |archive-url=https://web.archive.org/web/20220617172058/https://www.hdfcsec.com/hsl.research.pdf/Bajaj%20Finserv%20-%20Initiating%20Coverage%20-%20281020.pdf |url-status=live }} and the mutual fund business (Bajaj Finserv Mutual Funds).{{Cite news |date=2023-06-06 |title=Bajaj Finserv Mutual Fund launched |work=The Economic Times |url=https://economictimes.indiatimes.com/mf/mf-news/bajaj-finserv-mutual-fund-launched/articleshow/100786766.cms |access-date=2023-06-28 |issn=0013-0389 |archive-date=13 June 2023 |archive-url=https://web.archive.org/web/20230613091142/https://economictimes.indiatimes.com/mf/mf-news/bajaj-finserv-mutual-fund-launched/articleshow/100786766.cms |url-status=live }}{{Cite news |date=2023-06-06 |title=Bajaj Finserv forays into mutual funds |language=en-IN |work=The Hindu |url=https://www.thehindu.com/business/bajaj-finserv-forays-into-mutual-funds/article66938561.ece |access-date=2023-06-28 |issn=0971-751X |archive-date=13 June 2023 |archive-url=https://web.archive.org/web/20230613055831/https://www.thehindu.com/business/bajaj-finserv-forays-into-mutual-funds/article66938561.ece |url-status=live }}

Bajaj Holdings and Investments Limited (BHIL) came into existence when the original company separated its auto and finance assets. This new entity, BHIL is the parent company which holds 39.29% stake in Bajaj Finserv{{Cite news |title=Bajaj Holdings & Investment Ltd. |work=Business Standard India |url=https://www.business-standard.com/company/bajaj-holdings-50/information/company-history |access-date=2022-10-09}} and now holds surplus cash and investments with the purpose of providing financial support to the auto and/or finance business or exploring fresh business prospects. The 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).{{Cite web|url=https://www.bajajauto.com/bhil/index.html|title=Bajaj Holdings and Investment Ltd.|website=bajajauto.com|access-date=2019-01-21|archive-date=16 January 2019|archive-url=https://web.archive.org/web/20190116115133/https://www.bajajauto.com/bhil/index.html|url-status=live}}

Starting in 2017, Bajaj Finserv adopted blockchain technology for services like travel insurance, allowing claim resolution before customer registration.{{Cite news |date=2017-11-04 |title=Indian cos using blockchain technology to better services |work=The Times of India |url=https://timesofindia.indiatimes.com/business/india-business/indian-cos-using-blockchain-technology-to-better-services/articleshow/61509314.cms |access-date=2023-08-30 |issn=0971-8257}} By 2023, they had extended blockchain's utility to enhance trader and customer connections.{{Cite book |last1=Raj |first1=Arman |last2=Kumar |first2=Avneesh |last3=Sharma |first3=Vandana |last4=Rani |first4=Seema |last5=Shanu |first5=Ankit Kumar |title=2023 4th International Conference on Intelligent Engineering and Management (ICIEM) |chapter=Enhancing Security Feature in Financial Transactions using Multichain Based Blockchain Technology |date=May 2023 |chapter-url=https://ieeexplore.ieee.org/document/10166589 |pages=1–6 |doi=10.1109/ICIEM59379.2023.10166589|isbn=979-8-3503-4112-6 |s2cid=259339118 }}

Apart from financial services, it is also active in wind energy generation with an installed capacity of 65.2 MW.{{cite news |title=Post division, brothers Rajiv and Sanjiv Bajaj taking Bajaj Group to new highs |newspaper=The Economic Times |url=http://articles.economictimes.indiatimes.com/2014-07-01/news/51002912_1_sanjiv-bajaj-bajaj-group-rahul-bajaj |access-date=2014-11-03 |archive-url=https://web.archive.org/web/20140707070328/http://articles.economictimes.indiatimes.com/2014-07-01/news/51002912_1_sanjiv-bajaj-bajaj-group-rahul-bajaj |archive-date=2014-07-07}}[http://www.thewindpower.net/windfarm_en_17161_bajaj-finserv-ltd.php "Bajaj Finserv Ltd windfarm (India)"] The WindPower. Retrieved 2014-11-03. In the quarterly results for June 2022, the company's board of directors has approved the sub-division of its equity shares in a ratio of 1:5.{{Cite news |last=Nahar |first=Pawan |title=Bajaj Finserv announces stock split, bonus issue for shareholders |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/stocks/news/double-bonanza-bajaj-finserv-announces-stock-split-bonus-issue-for-shareholders/articleshow/93180515.cms |access-date=2022-08-31 |archive-date=31 August 2022 |archive-url=https://web.archive.org/web/20220831164120/https://economictimes.indiatimes.com/markets/stocks/news/double-bonanza-bajaj-finserv-announces-stock-split-bonus-issue-for-shareholders/articleshow/93180515.cms |url-status=live }}

During a block deal in the last week of December 2022, promoter Jamnalal Sons increased its holdings in the company. In the open market, the promoter purchased equity shares worth a total of ₹100.41 crore. However, the other promoter, Rishab Family Trust, was able to sell a portion of the company's shares.{{Cite web |last=Livemint |date=2022-12-27 |title=Promoter buys stake in Bajaj Finserv for ₹100.41 cr in block deal |url=https://www.livemint.com/market/stock-market-news/promoter-buys-stake-in-bajaj-finserv-for-rs-100-41-cr-in-block-deal-11672159731498.html |access-date=2022-12-31 |website=mint |language=en |archive-date=31 December 2022 |archive-url=https://web.archive.org/web/20221231164548/https://www.livemint.com/market/stock-market-news/promoter-buys-stake-in-bajaj-finserv-for-rs-100-41-cr-in-block-deal-11672159731498.html |url-status=live }}

Subsidiaries

  • Bajaj Finance was initially incepted as Bajaj Auto Finance in 1987. Later diversified into business and property financing.{{cite web |title=Profitability Analysis of Lease Financing Company (A Study with Reference to Bajaj Finance Limited) |url=https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3572491 |website=papers.ssrn.com |ssrn=3572491 |access-date=27 December 2023 |archive-date=14 July 2023 |archive-url=https://web.archive.org/web/20230714172705/https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3572491 |url-status=live }}{{Cite book |last=Meenakshi |first=Arun Kumar & N. |url=https://books.google.com/books?id=mDlDDAAAQBAJ&dq=Bajaj+Finserv&pg=PA778 |title=Marketing Management, 2nd Edition |date=2011 |publisher=Vikas Publishing House |isbn=978-81-259-4259-7 |language=en |access-date=27 May 2023 |archive-date=12 May 2024 |archive-url=https://web.archive.org/web/20240512055121/https://books.google.com/books?id=mDlDDAAAQBAJ&dq=Bajaj+Finserv&pg=PA778 |url-status=live }}
  • Bajaj Allianz Life Insurance is a joint venture between Bajaj Finserv and Allianz SE.{{Cite book |last1=Bansal |first1=Sanjeev |url=https://books.google.com/books?id=ySqzEAAAQBAJ&dq=Bajaj+Allianz+Management+in+Action&pg=PT92 |title=Management in Action: An HR Perspective |last2=Prashaant |first2=Anu |last3=Singhi |first3=Rushina |last4=Dhillon |first4=Lakhwinder Kaur |date=2023-06-02 |publisher=Taylor & Francis |isbn=978-1-000-89915-3 |language=en |access-date=27 September 2023 |archive-date=12 May 2024 |archive-url=https://web.archive.org/web/20240512055121/https://books.google.com/books?id=ySqzEAAAQBAJ&dq=Bajaj+Allianz+Management+in+Action&pg=PT92 |url-status=live }} It offers insurance products for financial planning and security.{{cite web|title=Company Overview of Bajaj Allianz Life Insurance Company Limited|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=9155888|archive-url=https://web.archive.org/web/20071115212856/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=9155888|url-status=dead|archive-date=15 November 2007|publisher=investing.businessweek.com|accessdate=10 February 2014}} The company received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 3 August 2001 to conduct life insurance business in India.{{cite web|title=Bajaj Allianz Life Insurance company Info|url=http://www.smartinvestments.co.in/content/Information/companyprofile.asp?InsuCode=7&InsuCateCode=1|publisher=smartinvestments.com|access-date=3 January 2022|archive-date=6 October 2017|archive-url=https://web.archive.org/web/20171006212116/http://www.smartinvestments.co.in/content/Information/companyprofile.asp?InsuCode=7&InsuCateCode=1|url-status=dead}} In October 2024 stock filing, Bajaj Finserv announced that Allianz is considering exiting their life and general insurance joint ventures due to its strategic priorities.{{Cite news |last1=Panda |first1=Subrata |last2=Saha |first2=Manojit |date=22 October 2024 |title=Allianz actively considering exiting insurance JVs: Bajaj Finserv |url=https://www.business-standard.com/companies/news/allianz-actively-considering-existing-insurance-jvs-bajaj-finserv-124102200624_1.html |access-date=28 October 2024 |work=Business Standard}}{{Cite news |date=22 October 2024 |title=India's Bajaj Finserv says Allianz considering exiting insurance JVs |url=https://www.reuters.com/business/indias-bajaj-group-says-allianz-considering-exiting-insurance-jv-2024-10-22/ |access-date=28 October 2024 |work=Reuters}} As of 17 March 2025, the company is set to acquire the stakes of Allianz SE in life insurance company for {{INRConvert|10400|c|year=2025}}.{{Cite news |last=Ghosh |first=Shayan |last2=Mukherjee |first2=Anubhav |date=17 March 2025 |title=Bajaj Group to buy 26% each in insurance businesses from Allianz |url=https://www.livemint.com/market/stock-market-news/bajaj-finserv-to-acquire-26-stake-from-allianz-in-bajaj-allianz-life-bajaj-allianz-general-insurance-11742231082807.html |access-date=30 March 2025 |work=Mint}}
  • Bajaj Allianz General Insurance is a private general insurance company in India.{{Cite web |url=http://www.livemint.com/Money/5dFM2ktg0LWCfiMjPBouFN/Bajaj-Finserv-justifies-the-rise-in-share-price.html |title=Bajaj Finserv justifies the rise in share price |access-date=3 January 2022 |archive-date=3 January 2022 |archive-url=https://web.archive.org/web/20220103130058/https://www.livemint.com/Money/5dFM2ktg0LWCfiMjPBouFN/Bajaj-Finserv-justifies-the-rise-in-share-price.html |url-status=live }} It is another joint venture between Bajaj Finserv Limited and Allianz SE, established in 2001.{{Cite web |last=Ashokbhai Kalola |first=Aneri |date=2024-03-30 |title=A COMPARATIVE STUDY OF FINANCIAL PERORMANCE EVALUTION OF SELECTED NON- LIFE INSURANCE COMPANIES OF INDIA |url=http://library.atmiya.net:8080/dspace/bitstream/handle/atmiyauni/1420/A%20Comparative%20Study%20Of%20Financial%20Perormance%20Evalution%20Of%20Selected%20Non-%20Life%20Insurance%20Companies%20Of%20India.pdf |url-status= |access-date=2025-01-12 |website=Atmiya University |page=38 |via=DSpace}} As of 17 March 2025, the company is set to acquire the stakes of the German insurer in Bajaj Allianz General Insurance Co. for {{INRConvert|13780|c|year=2025}}.
  • Bajaj Housing Finance is provides various housing finance products and services to individuals and businesses, including home loans, loan against property, and other related products.{{Cite book |last=Babel |first=Rajeev |url=https://books.google.com/books?id=nIckEAAAQBAJ&dq=Bajaj+Housing+Finance&pg=SA8-PA22 |title=Handbook of Non-Banking Financial Companies |date=2021-03-15 |publisher=Bloomsbury Publishing |isbn=978-93-90176-20-5 |language=en |access-date=8 July 2023 |archive-date=12 May 2024 |archive-url=https://web.archive.org/web/20240512060125/https://books.google.com/books?id=nIckEAAAQBAJ&dq=Bajaj%20Housing%20Finance&pg=SA8-PA22 |url-status=live }}
  • Bajaj Finserv Asset Management Company is an asset management company.{{Cite web |last= |first= |date=2023-04-10 |title=Bajaj Finserv AMC files papers for launching seven NFOs |url=https://www.thehindubusinessline.com/markets/bajaj-finserv-amc-files-papers-for-launching-seven-nfos/article66720874.ece |access-date=2023-04-27 |website=www.thehindubusinessline.com |language=en}} In March 2023, the final registration from the Securities and Exchange Board of India was granted to commence mutual fund business operations under Bajaj Finserv Mutual Fund.{{Cite web |date=2023-03-01 |title=Bajaj Finserv gets Sebi license to start mutual fund business |url=https://www.businesstoday.in/personal-finance/investment/story/bajaj-finserv-gets-sebi-license-to-start-mutual-fund-business-371928-2023-03-01 |access-date=2023-04-27 |website=Business Today |language=en}} The AMC has disclosed an average of {{INRConvert|16293|c}} in average assets under management (AAUM) for the quarter ending 30 September 2024.{{Cite web |last=Krishna |first=Tanya |date=2024-10-23 |title=Bajaj Finserv Q2 Results: Profit rises by 8.2% to Rs 2,086.97 crore, revenue up 29.5% YoY |url=https://www.financialexpress.com/business/banking-finance-bajaj-finserv-q2-results-profit-rises-by-8-2-to-rs-208697-crore-revenue-up-295-yoy-3647527/ |access-date=2024-10-28 |website=Financialexpress |language=en}}{{Cite web |date=2024-10-24 |title=Bajaj Finserv Q2 Profit up 8 Per cent at Rs 2,087 Cror |url=https://www.outlookbusiness.com/corporate/bajaj-finserv-q2-profit-up-8-per-cent-at-rs-2087-crore |access-date=2024-10-28 |website=Outlook Business |language=en}} As of August 2024, the company operates 13 active mutual funds in the country{{Cite web |date=30 June 2024 |title=Bajaj Finserv Mutual Fund, Key Information |url=https://www.moneycontrol.com/mutual-funds/amc-details/BF |access-date=28 August 2024 |website=Moneycontrol}} and offers a portfolio that includes equity, debt, and hybrid asset classes. It is ranked among the top 30 out of 45 mutual fund houses in India by AUM.{{Cite web |last=Singh |first=Raveena |date=2024-12-20 |title=How Bajaj Finserv carpet-bombed its way to $2.2B in mutual funds |url=https://the-ken.com/story/how-bajaj-finserv-carpet-bombed-its-way-to-2-2b-in-mutual-funds/ |access-date=2024-12-25 |website=The Ken |language=en-US}}
  • Bajaj Finserv Direct (Bajaj Markets) operates as an internet-based marketplace of financial products and services. It serves as a registered Corporate Agent under Insurance Regulatory and Development Authority, a registered Investment Adviser under Securities and Exchange Board of India, a registered third-party app provider for Unified Payments Interface payments, and a digital lending platform for its partner institutions.{{Cite web |title=Loans on Bajaj Markets: Address diverse needs with 9 products |url=https://www.aninews.in/news/business/business/loans-on-bajaj-markets-address-diverse-needs-with-9-products20230512150432/ |access-date=28 June 2023 |website=Asian News International |archive-date=12 May 2023 |archive-url=https://web.archive.org/web/20230512130353/https://www.aninews.in/news/business/business/loans-on-bajaj-markets-address-diverse-needs-with-9-products20230512150432/ |url-status=live }}
  • Bajaj Finserv Health is a healthtech company.{{Cite web |date=2020-09-22 |title=Bajaj Finserv enters healthtech solutions business |url=https://indianexpress.com/article/business/companies/bajaj-finserv-enters-healthtech-solutions-business-6606297/ |access-date=2023-04-27 |website=The Indian Express |language=en |archive-date=27 April 2023 |archive-url=https://web.archive.org/web/20230427133433/https://indianexpress.com/article/business/companies/bajaj-finserv-enters-healthtech-solutions-business-6606297/ |url-status=live }}{{Cite web |last=Gopakumar |first=Gopika |date=2020-09-23 |title=Bajaj Finserv forays into healthtech |url=https://www.livemint.com/companies/news/bajaj-finserv-forays-into-healthtech-11600824886565.html |access-date=2023-04-27 |website=mint |language=en |archive-date=27 April 2023 |archive-url=https://web.archive.org/web/20230427133431/https://www.livemint.com/companies/news/bajaj-finserv-forays-into-healthtech-11600824886565.html |url-status=live }} In early 2024, the company acquired Bangalore-based Vidal Healthcare Services and its two subsidiaries as part of its pan-India expansion of outpatient delivery services.{{Cite web |last=Kayastha |first=Anshika |date=2024-01-30 |title=Bajaj Finserv's healthtech arm to acquire Vidal Healthcare for ₹325 crore |url=https://www.thehindubusinessline.com/money-and-banking/bajaj-finservs-healthtech-arm-to-acquire-vidal-healthcare-for-325-crore/article67793225.ece |access-date=2024-10-28 |website=BusinessLine |language=en}}{{Cite news |last=Anand |first=Nisha |date=30 January 2024 |title=Bajaj Finserv arm acquires 100% stake in Vidal Healthcare Services |url=https://www.business-standard.com/companies/news/bajaj-finserv-arm-acquires-100-stake-in-vidal-healthcare-services-124013000488_1.html |access-date=28 October 2024 |work=Business Standard}} As of December 2024, the company's network includes more than 100,000 hospitals and 80,000 doctors.{{Cite news |last=Varier |first=Aathira |date=2 December 2024 |title=Bajaj Finserv Health aims to break even by FY27, says CEO Devang Mody |url=https://www.business-standard.com/companies/news/bajaj-finserv-health-aims-to-break-even-by-fy27-says-ceo-devang-mody-124120201007_1.html |access-date=25 December 2024 |work=Business Standard}}

Philanthropy

  • January 2023, Bajaj Finserv launched a scholarship program with National Centre for Promotion of Employment for Disabled People for the students with disabilities.{{Cite web |title=NCPEDP- Bajaj Finserv Scholarship Program for Students with Disabilities – National Centre for Promotion of Employment for Disabled People |url=https://ncpedp.org/ncpedp-bajaj-finserv-scholarship-program-for-students-with-disabilities/ |access-date=2024-05-13 |website=ncpedp.org}}{{Cite web |last=Solanki |first=Damini |date=2023-01-24 |title=NCPEDP, Bajaj Finserv to Provide Scholarship to 100 Students With Disabilities |url=https://www.news18.com/news/education-career/ncpedp-bajaj-finserv-to-provide-scholarship-to-100-students-with-disabilities-6906253.html |access-date=2023-08-04 |website=News18 |language=en}}
  • August 2023, the company, in association with Pune-based Ruby Hall Clinic launched CyberKnife S7 system for non-invasive radiation therapy to treat cancerous tumours.{{Cite web |date=2023-08-01 |title=Bajaj Finserv and Ruby Hall jointly inaugurate cutting-edge tech for radiotherapy |url=https://indianexpress.com/article/cities/pune/bajaj-finserv-ruby-hall-new-tech-radiotherapy-8871146/ |access-date=2023-08-04 |website=The Indian Express |language=en}}
  • December 2023, Bajaj Finserv collaborated with the All India Council for Technical Education and the National Skill Development Corporation to launch a certificate programme focused on banking, finance, and insurance.{{Cite web |date=2023-12-13 |title=AICTE, NSDC and Bajaj Finserv comes together to introduce Certificate Programme in Banking, Finance and Insurance |url=https://www.financialexpress.com/jobs-career/education-aicte-nsdc-and-bajaj-finserv-comes-together-to-introduce-certificate-programme-in-banking-finance-and-insurancenbsp-3337145/ |access-date=2024-03-08 |website=Financial Express |language=en}}{{Cite web |last=Srivats |first=K. R. |date=2023-12-12 |title=Dharmendra Pradhan foresees India becoming hub for global financial services market |url=https://www.thehindubusinessline.com/economy/dharmendra-pradhan-foresees-india-becoming-hub-for-global-financial-market/article67630620.ece |access-date=2024-03-08 |website=Hindu Business Line |language=en}} Together they launched a skill development initiative, named Project ODISERV, at Gangadhar Meher University in Sambalpur, Odisha.{{Cite web |date=2024-03-02 |title=Pradhan launches new project in Odisha to help youth become employable |url=https://indianexpress.com/article/education/pradhan-launches-new-project-in-odisha-to-empower-youth-employable-9191882/ |access-date=2024-05-01 |website=The Indian Express |language=en}}{{Cite web |date=2024-03-02 |title=Union Education Minister Dharmendra Pradhan launches Project ODISERV in Odisha |url=https://www.hindustantimes.com/education/employment-news/union-education-minister-dharmendra-pradhan-launches-project-odiserv-in-odisha-101709358170768.html |access-date=2024-05-01 |website=Hindustan Times |language=en}}

See Also

References

{{Reflist}}

{{Bajaj Group}}

{{Nifty 200 companies}}

{{S&P CNX Nifty companies}}

{{BSE Sensex}}

Further reading

  • {{Cite news |last=Iyer |first=Aparna |date=19 March 2025 |title=Farewell Allianz, hello growth? Bajaj Finserv's post-exit prospects |url=https://www.moneycontrol.com/news/opinion/farewell-allianz-hello-growth-bajaj-finserv-s-post-exit-prospects-12968776.html |access-date=30 March 2025 |work=Moneycontrol}}
  • {{Cite journal |last=Saka-Helmhout |first=Ayse |last2=Álamos-Concha |first2=Priscilla |last3=Polo-Barceló |first3=Carlos |last4=Edwards |first4=Tony |last5=Murray |first5=Gregor |date=October 2024 |title=Corporate social innovation by multinationals: A framework for future research |url=https://www.sciencedirect.com/science/article/pii/S0969593124000209 |journal=International Business Review |volume=33 |issue=5 |doi=10.1016/j.ibusrev.2024.102273}}
  • {{Cite news |date=6 June 2023 |title=Bajaj Finserv banks on tech, last-mover advantage to make its mark in MF biz |url=https://www.thehindubusinessline.com/markets/bajaj-finserv-banks-on-tech-last-mover-advantage-to-make-its-mark-in-mf-biz/article66937708.ece |access-date=28 August 2024 |work=The Hindu}}
  • {{Cite news |last=Borate |first=Neil |date=6 June 2023 |title=How Bajaj Finserv plans to sell mutual funds to its 100 million clients |url=https://www.livemint.com/money/personal-finance/how-bajaj-finserv-plans-to-sell-mfs-to-its-100-mn-clients-11686071626409.html |access-date=28 August 2024 |work=Mint}}
  • {{Cite book |last=Katragadda |first=Raghuveer |url=https://www.degruyter.com/document/doi/10.1515/9783111172408/html |title=Artificial Intelligence Enabled Management: An Emerging Economy Perspective |last2=Bathini |first2=Hari Babu |last3=Atluri |first3=Sree Ram |date=4 June 2024 |publisher=De Gruyter |isbn=978-3111171050 |editor-last=Kumar |editor-first=Anil |pages=257 |chapter=Chapter 16: Application of Artificial Intelligence and Machine-Learning Algorithms for Forecasting Risk: The Case of the Indian Stock Market |doi=10.1515/9783111172408 |editor-last2=Singh |editor-first2=Rubee |editor-last3=Khan |editor-first3=Shahbaz |editor-last4=Kumar |editor-first4=Vikas |chapter-url=https://www.google.co.in/books/edition/Artificial_Intelligence_Enabled_Manageme/wgkFEQAAQBAJ?hl=en&gbpv=1&dq=%22Bajaj+Finserv%22&pg=PA249&printsec=frontcover}}
  • {{Cite journal |last=Pradeep Pulikottil |first=Rahul |date=2023 |title=Competitive and contagion effect of initial public offerings in India: An empirical study |journal=Social Sciences & Humanities Open |publisher=Elsevier |volume=8 |issue=1 |doi=10.1016/j.ssaho.2023.100643 |eissn=2590-2911|doi-access=free }}
  • {{Cite journal |last=Nair |first=Jitesh |last2=Pasala |first2=Balaswamy |date=2020 |title=Bajaj Allianz - A Pioneer in Adopting Digital Technologies for Recruitment in the Insurance Industry |url=https://www.thecasecentre.org/products/view?id=171011 |journal=The Case Centre |publisher=ICFAI Business School Hyderabad}}
  • {{cite journal |last1=Sareen|first1=Puja|last2=Sharma|first2=Tanuja|last3=Naqvi|first3=Rizwan|last4=Naqvi|first4=Aiman|date=2019|title=Changing HR Landscape for Meeting Business Challenges: Case Study of Bajaj Finserv Limited |url=https://www.thecasecentre.org/products/view?id=166490|journal=The Case Centre|publisher=Cranfield University}}
  • {{Cite journal |last=Rathore |first=Tushar |last2=Lawande |first2=Naval |date=2019 |title=Bajaj Allianz General Insurance Company Limited with Special Focus to Car Insurance in India |url=https://www.thecasecentre.org/products/view?id=161968 |journal=The Case Centre |publisher=Symbiosis Institute of Management Studies}}
  • {{Cite journal |last=Ghosh |first=Renu |last2=Latha |first2=K. |last3=Gupta |first3=Sunita |date=2018-08-20 |title=Interest Rate Sensitivity of Non-banking Financial Sector in India |url=https://journals.sagepub.com/doi/10.1177/0256090918792803 |journal=Vikalpa |volume=43 |issue=3 |doi=10.1177/0256090918792803 |via=|doi-access=free }}
  • {{Cite journal |last=Kataria |first=Sonia |date=2017 |title=Bajaj Allianz General Insurance: Using Humour to Break the Clutter |url=https://www.thecasecentre.org/products/view?id=148065 |journal=The Case Centre |publisher=Amity University |via=}}
  • {{Cite news |last=Raghunathan |first=Anuradha |date=22 September 2017 |title=Bajaj Finserv: Indian consumer's best friend |url=https://www.forbesindia.com/article/cross-border/bajaj-finserv-indian-consumers-best-friend/48177/1 |access-date=1 March 2025 |work=Forbes India}}
  • {{Cite news |last=Sarkar |first=Pooja |last2=Dugal |first2=Ira |date=1 July 2016 |title=The rise of Indian financial conglomerates |url=https://www.livemint.com/Industry/ykzVfA7TeNdHjfOQ2LTH6M/The-rise-of-Indian-financial-conglomerates.html |access-date=1 March 2025 |work=Mint}}
  • {{Cite web |last=Swapna |first=A. J. |last2=Chowdary |first2=Nagendra |date=2015-11-26 |title=Bajaj Finserv's – Quest to Stand Apart |url=https://www.etcases.com/bajaj-finservs-quest-to-stand-apart.html |access-date=2025-01-12 |website=ET Cases}}
  • {{cite journal |last1=Aggarwal|first1=Vaibhav|last2=Kaur|first2=Sumeet|date=2014|title=Competitive Analysis of Loan Against Securities and Customer Satisfaction Survey |url=https://dspace.fsm.ac.in/jspui/handle/123456789/3399|journal=DSpace|location=New Delhi|publisher=FORE School of Management}}
  • {{Cite journal |last=Walter |first=Ingo |date=2009 |title=Insuring the Poor: Bajaj Allianz Microinsurance Initiatives in India |url=https://www.thecasecentre.org/products/view?id=91187 |journal=The Case Centre |publisher=Stern School of Business, New York University}}

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