Bajaj Finance Ltd Share Price BAJFINANCE
|Vice Chairman||Nanoo Pamnani|
|Vice Chairman||Sanjiv Bajaj|
|Independent Director||D S Mehta|
|Independent Director||Dipak Poddar|
|Independent Director||Ranjan Sanghi|
|Independent Director||Rajendra Lakhotia|
|Company Secretary||Anant Damle|
|Independent Director||D J Balaji Rao|
|Independent Director||Omkar Goswami|
|Independent Director||Gita Piramal|
|Managing Director||Rajeev Jain|
Bajaj Finance Ltd (Formerly Known as Bajaj Auto Finance Ltd is one of the leading Non Banking Financial Corporation in India. The company is a leading financier of two wheelers, consumer durables, personal computers and personal loans. The Reserve Bank of India classified the company as an Asset Finance Company.
Bajaj Auto Finance Ltd was incorporated on March 25, 1987 as a private limited company. The company became a public limited company on October 27, 1987. Initially, the company as was promoted by erstwhile Bajaj Auto Ltd and Bajaj Auto Holdings Ltd. As per the scheme of de-merger of erstwhile Bajaj Auto Ltd, the shareholding of Bajaj Auto Ltd in the company has been vested with Bajaj Finserv Ltd.
In order to offer various finance schemes, the company opened many branches in various locations throughout the country. During the years 1991-95, the company opened their branch offices at Hyderabad, New Delhi, Chennai, Bangalore, Mumbai, Nagpur, Vijaywada, Nasik, Vishakhapattanam, Kolkata, Goa, Madurai and Pune.
During the year 1995-96, the company completed their first Real Estate Project for Nayan Co-operative Housing Society Ltd at Pune. Also, they opened their branch offices at Baroda and Trivandurm. During the year 1998-2003, they opened their branch offices at various places, which include Chandigarh, Cochin, Indore, Ludhiana, Surat, Kolhapur, Bhopal, Bhubaneshwar, Calicut, Erode, Jalgaon, Jullundhar, Kanpur, Lucknow, Raipur, Rajkot, Salem, Solapur, Udaipur, Tirupati, Amaravati, Amritsar, Bhavnagar, Durgapur, Jamshedpur, Jodhpur, Kopergaon, Mehsana, Mysore, Siliguri and Vellore.
During the year 2003-04, the company entered into the financing of Personal Computers. They opened their branch offices at Hissar, Hubli, Patiala, Rourkela, Agra, Ahmednagar, Ajmer, Akola, Alwar, Ambala, Anand, Bharuch, Bhilai, Chandrapur, Dindigul, Eluru, Guna, Gurgaon, Himatnagar, Jagadhri, Jamnagar, Karaikudi, Karimnagar, Karur, Kottayam, Kurnool, Navsari, Nellore, Palghat, Rajahmundry, Sangli, Tanjore, Tirunelveli and Ujjain during the year 2004-05.
During the year 2005-06, the company opened Loan Shoppes with a view to enhance their direct marketing activity and their brand awareness. They opened 22 shoppes and 14 new branch offices during the financial year.
During the year 2006-07, the company opened 11 new branch offices, in which the total number of branches has gone up to 113. Also, they cover 280 towns through their branch network.
The company launched new product lines / extensions during the year 2007-08. They launched IPO financing for high networth customers, acquisition of AAA rated securitization transactions, personal loan cross sell programme to their existing customers and financing for personal computers to SMEs.
The company has the plan to diversify their product offerings and grow other retail finance product lines.
In 2013, the company makes Rights issue in the Ratio of 3:19. In 2014, the company acquires Bajaj Financial Solutions for worth Rs 17cr. In 2015, Bajaj Finance subsidiary gets license to commence housing finance business from National Housing Bank (NHB) Kattupalli Port in Tamil Nadu.