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Name: Bajaj Finance Limited (BFL)
Founded: 1987 (as Bajaj Auto Finance Limited)
Headquarters: Pune, Maharashtra, India
Industry: Financial Services
Type: Publicly Listed Non-Banking Financial Company (NBFC-D)
Stock Listings: BSE SENSEX & NSE NIFTY 50
Parent Company: Bajaj Finserv Limited (holds approximately 52.49% stake)
Bajaj Finance is a diversified financial services provider offering:
Retail Lending: Personal loans, home loans, consumer durable loans, and credit cards.
SME & Commercial Lending: Loans tailored for small and medium-sized enterprises and commercial entities.
Deposits: Acceptance of public and corporate deposits.
Investment Products: Mutual funds and other investment solutions.
The company serves over 101 million customers across urban and rural India, with a significant presence in both sectors.
Assets Under Management (AUM): ₹2.1 lakh crore
Net Profit: ₹8,738 crore (FY 2022–23)
Credit Ratings:
Long-term debt: CRISIL AAA+/Stable, ICRA AAA+/Stable, CARE AAA+/Stable
Short-term debt: CRISIL A1+, ICRA A1+, India Ratings A1+
Fixed deposits: CRISIL FAAA/Stable, ICRA MAAA(Stable)
Chairman: Sanjiv Bajaj
Vice Chairman & Managing Director: Rajeev Jain
Rajeev Jain took over as MD on April 1, 2025, and was appointed Vice Chairman for a three-year term. He is tasked with developing a comprehensive succession plan within six months to ensure a smooth leadership transition.