Bajaj Finance Limited
Bajaj Finance Limited a subsidiary of Bajaj Finserv is an Indian non-banking financial company (NBFC). The company deals in consumer finance, SME (small and medium-sized enterprises) and commercial lending, and wealth management.
The company is headquartered in Pune, Maharashtra; the company has 294 consumer branches and 497 rural locations with over 33,000+ distribution points. It originally incorporated as Bajaj Auto Finance Limited on March 25, 1987.
Bajaj Finance Limited is one of the largest players in the burgeoning consumer finance segment in India & a pioneer in introducing interest free EMI finance options in more than 50 categories, ranging from consumer durables to lifestyle products to groceries. Apart from consumer finance, the company also has substantial business penetration in SME, commercial & rural lending.
Bajaj Finance limited has been assigned a long term rating of BB+/stable and short term rating of ‘B’ by S&P Global Ratings. Today they are the top consumer electronics, digital products, lifestyle products and personal loans lenders in India. Their products are consumer finance, SME finance, commercial lending, and investments.
Their shareholding pattern consists of Promoters and Promoter Group having 56.03% of shares, Public having 10.40% shares, following by FII’s having 24.03% shares and DII’s with 9.33 % shares.
