Bajaj Finserv was formed in April 2007 as a result of its demerger from Bajaj Auto Limited to further the Group’s interests in financial services. This demerger enabled Bajaj Finserv to independently run the core businesses of Lending, Insurance and Wealth Advisory.
Bajaj Finserv Limited is the holding company for the businesses dealing with financial services of the Bajaj Group.
Its insurance joint ventures with Allianz SE, Germany, namely Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited are engaged in life and general insurance business respectively.
Its subsidiary Bajaj Finance Limited is a Non-Banking Finance Company engaged in consumer finance, SME finance and commercial lending and wealth management.
At Bajaj Finserv, Company operate with a simple philosophy of never settling for good, and always aiming for great. Company's wide and growing portfolio of products across lending, insurance and wealth advisory bears testimony to this belief.
Bajaj Finance Limited is the consumer finance lending arm of Bajaj Finserv Limited. It is the most diversified non-bank in the country and the largest financier of consumer durables in India making it one of the most profitable firms in the category.