Bajaj Finance is one of the leading non-banking financial companies (NBFCs) in India. It offers a wide range of financial products and services to individuals and businesses, including loans, insurance, mutual funds, and investment products. Bajaj Finance has a strong track record of financial performance and is well-positioned to continue to grow in the future.
Share price of Baja Finance
Bajaj finances are a very important stock of the Indian Share market. Its share price has been on a strong upward trajectory in recent years. The company’s strong financial performance and its expansion into new geographies and product segments have been key drivers of this growth.
Analysts expect Bajaj Finance’s share price to continue to grow in the future. The company is well-positioned to benefit from the growing demand for financial services in India.
Bajaj Finance’s share price performance over the past five years:
- 2018: ₹2,468.55
- 2019: ₹3,416.65
- 2020: ₹5,485.70
- 2021: ₹7,075.10
- 2022: ₹7,837.55
The share price of Bajaj Finance is ₹7,809.40.
History of Bajaj Finance
Bajaj Finance was founded in 1986 by Rahul Bajaj, the chairman of Bajaj Group. The company initially focused on providing loans to small businesses and individuals. In the early 2000s, Bajaj Finance expanded its product offerings to include insurance, mutual funds, and investment products.
Subsidiaries or Verticles of Bajaj Finance
Bajaj Finance has a number of subsidiaries or verticles that operate in various financial services sectors. These include:
- Bajaj Finserv Direct Limited: A mutual fund distributor that is registered with SEBI.
- Bajaj Finserv Housing Finance Limited: A housing finance company that offers home loans and other mortgage products.
- Bajaj Finserv Commercial Finance Limited: A commercial finance company that offers loans to businesses of all sizes.
- Bajaj Finserv Vendor Financing Limited: A vendor financing company that provides loans to suppliers of Bajaj Finserv and its subsidiaries.
- Bajaj Finserv Rural Finance Limited: A rural finance company that offers loans to farmers and small businesses in rural areas.
- Bajaj Finserv Investments Limited: An investment company that manages a number of mutual funds and other investment products.
- Bajaj Finserv Payments Limited: A payments company that offers a variety of payment solutions, including credit cards, debit cards, and prepaid cards.
- Bajaj Finserv Insurance Limited: An insurance company that offers a range of insurance products, including motor insurance, health insurance, and life insurance.
Products and services offered by Bajaj Finance
Bajaj Finance offers a wide range of financial products and services to individuals and businesses, including:
- Personal loans: Bajaj Finance offers personal loans to individuals for a variety of purposes, such as consolidating debt, funding a home renovation, or starting a business.
- Car loans: Bajaj Finance offers car loans to individuals for the purchase of new or used cars.
- Home loans: Bajaj Finance offers home loans to individuals for the purchase or construction of a home.
- Gold loans: Bajaj Finance offers gold loans to individuals who need to borrow money against their gold jewelry.
- Two-wheeler loans: Bajaj Finance offers two-wheeler loans to individuals for the purchase of new or used motorcycles or scooters.
- Business loans: Bajaj Finance offers business loans to businesses of all sizes for a variety of purposes, such as expanding operations, funding new projects, or acquiring new assets.
- Insurance: Bajaj Finance offers a variety of insurance products, including life insurance, health insurance, and motor insurance.
- Mutual funds: Bajaj Finance offers a variety of mutual fund schemes, including equity funds, debt funds, and balanced funds.
- Investment products: Bajaj Finance offers a variety of investment products, such as fixed deposits, recurring deposits, and National Savings Certificates (NSC).
Financial performance of Bajaj Finance
Bajaj Finance has a strong track record of financial performance. In the fiscal year 2022-23, the company reported a net profit of ₹9,235 crore. Bajaj Finance’s total assets stood at ₹2.6 lakh crore at the end of March 2023.
Growth Prospects of Bajaj Finance
Bajaj Finance is well-positioned to continue to grow in the future. The company has a strong brand name, a loyal customer base, and a diversified product portfolio. Bajaj Finance is also expanding its operations into new geographies and product segments.
Benefits of using Bajaj Finance
There are several benefits to using Bajaj Finance, including:
- Wide range of products and services: Bajaj Finance offers a wide range of financial products and services to meet the needs of individuals and businesses of all sizes.
- Convenient and easy to use: Bajaj Finance’s products and services are convenient and easy to use. Customers can apply for loans and other financial products online or through a Bajaj Finance branch.
- Competitive interest rates: Bajaj Finance offers competitive interest rates on its loans and other financial products.
- Easy repayment options: Bajaj Finance offers flexible repayment options to its customers. Customers can choose to repay their loans on a monthly, quarterly, or yearly basis.
- Good customer service: Bajaj Finance has a good reputation for customer service. Customers can contact Bajaj Finance’s customer service team for assistance with any questions or problems they may have.
Bajaj Finance Customer Care Number
It’s working on so many verticles so there are lots of customer care numbers respectively. Be careful before dialing your desired customer care no. Some customer care numbers are given below.
Bajaj Finance Customer Care Number is 086980 10101
A home loan or Loan Against Property customer care no is 022 45297300
Bajaj Finserve RBL Super Card Customer Care Number – 022 71190900
Bajaj Finserve DBS Credit Card Customer Care Number is 18602676789
Conclusion
Bajaj Finance is a leading NBFC in India that offers a wide range of financial products and services to individuals and businesses. The company has a strong track record of financial performance and is well-positioned to continue to grow in the future. If you are looking for a reliable and convenient way to finance your needs, Bajaj Finance is a good option to consider.
