Bajaj Finance

Not to be confused with Bajaj Finserv.
Bajaj Finance Limited
FormerlyBajaj Auto Finance Limited (1987–2010)
Company typePublic
BSE: 500034
NSE: BAJFINANCE
BSE SENSEX Constituent
NSE NIFTY 50 Constituent
ISININE296A01024
IndustryFinancial services
Founded25 March 1987; 37 years ago (1987-03-25) as BAFL
FounderRahul Bajaj
Headquarters
Pune
,
India
Key people
[1]
ProductsLending, fixed deposits, mutual funds
RevenueIncrease₹54,982 crore (US$6.6 billion) (FY2024)[2]
Increase₹19,310 crore (US$2.3 billion) (FY2024)
Increase₹14,451 crore (US$1.7 billion) (FY2024)
AUMIncrease ₹330,615 crore (US$40 billion) (FY2024)
Total assetsIncrease ₹375,742 crore (US$45 billion) (FY2024)
Total equityIncrease ₹76,695 crore (US$9.2 billion) (FY2024)
ParentBajaj Finserv (52.49%)
SubsidiariesBajaj Financial Services
Bajaj Housing Finance
Bajaj Financial Securities
Rating
  • CRISIL AAA+/Stable Long-term debt[3]
  • ICRA AAA+/Stable Non-convertible debenture[4]
  • CARE AAA+/Stable Non-convertible debenture[5]
Websitewww.bajajhousingfinance.in

Bajaj Finance Limited (BFL) is an Indian non-banking financial company headquartered in Pune.[6][7] It is one of the leading non-banking financial companies (NBFCs) of India with a customer base of 83.64 million and holds assets under management worth ₹330,615 crore (US$40 billion), as of March 2024.[8][9]

As per the 2023 list of NBFCs issued by the Reserve Bank of India, Bajaj Finance Limited holds the second position in the upper layer based on scale-based regulation guidelines.[10][11]

  1. ^ Adhikari, Anand (4 March 2022). "How Rajeev Jain is Transforming Bajaj Finance". Business Today (India). Archived from the original on 12 April 2022. Retrieved 30 April 2022.
  2. ^ "Bajaj Finance FY24 Q4 Results" (PDF).
  3. ^ "Bajaj Finance deposits cross Rs 50,000 crore". The Financial Express. 1 August 2023. Retrieved 30 June 2023.
  4. ^ "Bajaj Finance Ltd.: Ratings reaffirmed". ICRA Limited. 6 June 2023. Archived from the original on 30 August 2023. Retrieved 30 June 2023.
  5. ^ "Bajaj Finance Ltd Revised" (PDF). CAREEdge. 5 January 2023. Retrieved 30 June 2023.
  6. ^ "World Bank's IFC to make debt investment of $150 mn in Bajaj Finance". VCCircle. 21 April 2021. Archived from the original on 26 October 2021. Retrieved 17 March 2022.
  7. ^ Mahali, Monica; Bandopadhyay, Kalpataru (10 March 2022). "Evidence-Based Management: Case of Bajaj Finance Limited". The Management Accountant. 57 (4). Rochester, NY: 47–51. doi:10.33516/maj.v57i4.47-51p. S2CID 251269765. SSRN 4083601.
  8. ^ "Bajaj Finance reports 4% growth in new loans despite regulatory constraints in Q4". CNBCTV18. 4 April 2024. Archived from the original on 1 May 2024. Retrieved 1 May 2024.
  9. ^ Kumar, Shivendra (25 April 2024). "Bajaj Finance Q4 Results: PAT jumps 21% YoY to Rs 3,824 crore; dividend declared at Rs 36". The Economic Times. ISSN 0013-0389. Archived from the original on 1 May 2024. Retrieved 1 May 2024.
  10. ^ "RBI places 15 NBFCs in the upper layer under scale-based regulations". BusinessLine. 14 September 2023. Archived from the original on 2 October 2023. Retrieved 1 October 2023.
  11. ^ Dayal, Yogesh (14 September 2023). "RBI releases list of NBFCs in the Upper Layer (NBFC-UL) under Scale Based Regulation for NBFCs". Reserve Bank of India. Archived from the original on 1 October 2023. Retrieved 1 October 2023.