BAJAJFINSV

BAJAJFINSV or Bajaj Finserv is a part of Bajaj Auto, has established itself as a financial powerhouse with several interests in insurance, lending, asset management, and wealth management. The company, along with its joint ventures and subsidiaries, has employed over 20,000 employees and has also established a nationwide presence across 1400 locations in India. The Company provides protection, lending, and investment need to approximately 10 million customers.

Currently, it is engaged in life insurance; general insurance and consumer finance businesses and has plans of expanding business by offering a spectrum of financial products and services in India. Also, apart from financial services, BFS is active in the wind-energy generation.

Both the financial services and wind energy businesses were transferred to the Bajaj FinServ Limited or BFS. As a part of the recently concluded demerger of Bajaj Auto Limited, that was approved by the High Court of Judicature at Bombay by its order on 18 December 2007. The demerger was also effective from the Appointed Date, i.e., closing hours of business on 31 March 2007.

The Company is recently engaged in life and general insurance businesses via its joint ventures with Allianz SE such as Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Limited. Both the companies were established themselves as the industry leaders by being number two among the private players in their respective businesses.

As of September 2010, Bajaj FinServ Limited announced its venture into Infrastructure Finance and intending to build a complete set of financial services businesses in the coming years. Also, to share the Company's shared values regarding Reliability, Innovation, and Efficiency and also provide clients with high-quality products and services.

In 2010, the company announced a new brand identity and new businesses.