Bajaj Finserv - Forget Loving Money, Know How To Manage Money

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Finance is a word which everybody has come through and will be going through for perhaps ages also. People love money, love to become rich but most of them don't know how to manage money. It's not about hope, but it's all about proper management.

Bajaj Finserv is a company that approves loans and funds in accounts within 24 hours. It is a part of Bajaj Holdings & Investments Limited. It is a financial services company. It especially focuses on insurance, lending and asset and wealth management. Read the Bajaj Finserv success story below.

Bajaj Finserv - Company Highlights

Company Name Bajaj Finserv
Headquarters Pune, India
Sector Finance
Founder Jamnalal Bajaj
Founded May 2007
Parent Organization Bajaj Group

Bajaj Finserv - About
Bajaj Finserv - Startup Story
Bajaj Finserv - Founder And Team
Bajaj Finserv - Logo
Bajaj Finserv - Business Model
Bajaj Finserv - Revenue Model
Bajaj Finserv - Investments
Bajaj Finserv - Growth
Bajaj Finserv - Competitors
Bajaj Finserv - Future Plans

Bajaj Finserv - About

Bajaj Finserv is a popular firm in the marketplace for loans and money building. It fulfils the dreams of the common people. It provides all types of loans such as personal, home, business loans, etc. It is also engaged in life and general insurances.

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Bajaj Finserv - Startup Story

The company began in April 2007. It was the resultant of the demerger from Bajaj Auto Limited as a separate element to completely focus on the financial services business. The process got completed in February 2008. This was done not only to unlock the value of the business growth in the areas of finance, insurance, etc but also to strengthen the core businesses. This demerger has facilitated the investors to hold separate stocks and transparent benchmarking of the companies in their respective industries. The constantly changing Indian economy has led to the creation of different customer requirements.

Bajaj Finserv - Founder And Team

Jamnalal Bajaj is the founder of the company. He is an industrialist. He is the founder of the Bajaj Group of companies. He was very close to Mahatma Gandhi. He was born in 1889, near Rajasthan in a well-to-do Marwari family. He was the third son of his parents. Later, he was adopted and got settled in Maharashtra. After adoption, he was into the family business. During that period, he gained the qualities of a skilled tradesman, bookkeeping and selling and buying of commodities. With time he improved in his task and founded the Bajaj group of industries.

Jamnalal Bajaj, Founder, Bajaj Group

The logo is -

Logo, Bajaj Finserv

Bajaj Finserv - Business Model

The company especially focuses on insurance, lending, asset and wealth management. Apart from this it also focuses on it's existing customers. The company considers sustainability to be a very important aspect. Satisfying customers is the main task of the company. This results in a recommending thing. The more customers are satisfied the less the company worries about achieving new customers. It aims at continuous improvement, change and reinvention. Detailing of the loans and all kinds of facilities are accessible within their portal. Creation of trust is a kind of obsession for the company.

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Bajaj Finserv - Revenue Model

The company earns money by attracting a large number of customers with zero cost EMI schemes. But in reality, there's always a thing called processing fee which works behind the entire procedure. In case of any late payment, interest can go up to 35 to 40% a year. It also provides various offers to its customers to create a large database. It is done to ensure greater sales. Tie-ups lead to a big amount of revenue income.

Bajaj Finserv - Investments

Bajaj Finserv has made 3 investments till date.

Date Organization Name Transaction Name Money Raised
December 21, 2019 Karvy Data Management Corporate Round -
October 5, 2019 Federal Transport Private Limited Debt Financing $28,000
August 3, 2017 MobiKwik Series D Rs 2.3 billion

Bajaj Finserv - Growth

There's a continuous growth seen in the records of the company. Of the total income in September the quarter rose to Rs 6,609.34 crores from Rs 4,632.81 crores in 2018. Interest income grew by 37.62%. The amount increased from 4,465.61 crores to 6,145.97 crores. Commission income and fees also increased. It jumped from Rs 259.36 crores to Rs 628.37 crores. Revenues from the insurance business grew to Rs 7,904.85 crores from Rs 5,403.69 crores.

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Bajaj Finserv - Competitors

The top competitors of the company are IDFC FIRST Bank, Shriram City and Mahindra Finance.

  • IDFC FIRST Bank is the top rival of Bajaj Finserv. It was founded in 2015 and is headquartered in Mumbai, Maharashtra, India. It is a Public company. It works within the Diversified Financial Services industry.
  • Shriram City is also one of the top rivals of Bajaj Finserv. It was founded in 1986 and is headquartered in Chennai, Tamil Nadu, India. It competes in the Diversified Financial Services field.
  • Mahindra Finance is one among the top competitors of Bajaj Finserv. It is headquartered in Mumbai, Maharashtra, India. It works in the Diversified Financial Services field.

Bajaj Finserv - Future Plans

The insurance business witnessed a pickup in activities currently. The company is aiming towards improving the asset quality of the business and the earnings growth. Product innovation is also being expected to keep the insurance business healthy.

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About Purbalee Dutta

I am a content writer. Delivering information about various companies is my supreme goal. I write in a way which makes me as well as my audiences feel a unique connection.
  • Siliguri, West Bengal
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