NSE Symbol: BAJAJFINSV | BSE Code: 532978
The Bajaj Finserv is a company that provides financial services that focuses on asset management, insurance, wealth management, etc. Apart from this, the finance giant is actively participating in wind energy generation. Located in over 1400 locations and has more than 20,000 workers, the company, in 2014, was ranked 119 in the Economic times 500 companies list.
Arguably, the most famous product that Bajaj Finserv offers is their loans. They provide a wide range of credits that can benefit several types of individuals by catering to their specific needs. From home loans to doctor loans, almost all the loans available in the market can be availed from Bajaj Finserv.
Apart from the loans they provide, their insurance packages are also one of their renowned products they offer. Clubbed with their impeccable customer service, Bajaj Finserv is the go-to company for several individuals looking for quality financial services.
Sanjiv Bajaj â€“ MD
Mr. Bajaj had graduated from the University of Pune in Mechanical Engineering, after which from the University of Warwick, he did Masters in Manufacturing Systems Engineering, which is located in the United Kingdom. He has also done Masters in Business Administration from Harvard. Furthermore, he has created and conceptualized content for award-winning TV programs for CNBC-TV18.
S Sreenivasan â€“ Chief Financial Officer (CFO)
Sreenivasan has been working with Bajaj Finserv since 2011, had been assigned CFO in October 2014. He also overlooks the insurance business of the company. His exemplary educational qualifications back his respected resume. Apart from having a bachelor's degree from the University of Kerala, Mr. Sreenivasan is also a certified Chartered Accountant, a Chartered Financial Analyst (CFA), and a cost accountant. He is also an alumnus of IIM-Calcutta.
Formed in 2007, Bajaj Finserv was demerged from Bajaj Auto Limited. It was so that the company can focus solely on financial services. The emerging process was completed in 2008. Apart from only provide financial services, the company also looked to dive into wind power, and now is actively participating in the same.
The finance sector of Rs.8,000 million was assigned to Bajaj Finserv, which was the market value of the company back then.
Bajaj Finserv stocks are listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) as well and can be traded on these platforms. The company is a part of Nifty 100, Nifty Next 50, Nifty 500, S&P BSE 100, S&P BSE 500, etc.
BSE code - 532978
NSE code - BAJAJFINSV
ISIN - INE918I01018
Sector - FINANCE - INVESTMENTS
4th Floor, Bajaj Finserv Corporate Office,
Off Pune-Ahmednagar Road, Viman Nagar,
Pune â€“ 411014
The market capitalization of Bajaj Finserv as of the beginning of March 2018 is over Rs.77,000 crore.
The performance of the company in FY17 - 18 has shown an incredible growth.The company has been hugely profitable this year as well, growing at dramatic rates. It's immense progress in Q3 if replicated in Q4, would amount to a growth of 29% when compared to the previous year
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Note: The contents of this post/blog do not constitute any professional advice on a specific financial matter.
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