Bajaj Finance Limited, a subsidiary of Bajaj Finserv, is an Indian Non-Banking Financial Company (NBFC). The company deals in Consumer Finance, SME (Small and Medium-sized Enterprises) and Commercial Lending, and Wealth Management.
Originally incorporated as Bajaj Auto Finance Limited on March 25, 1987, the non-bank singularly focused on providing two and three wheeler finance. After 11 years in the auto finance market, Bajaj Auto Finance Ltd launched its initial public issue of equity share and was listed on the BSE and NSE.
At the turn of the 20th century, the company ventured into the durables finance sector. In the subsequent years, Bajaj Auto Finance diversified into business and property loans as well.
In the year 2006, the company’s assets under management hit the Rs.1,000 crore mark and is currently at Rs.52,332 crore. 2010 saw the company’s registered name change from Bajaj Auto Finance Limited to Bajaj Finance Limited.
BAJAJ FINANCE STOCK PRICE FROM DECEMBER 13TH, 2013 TO DECEMBER 6TH, 2018
(SOURCE: WWW.NSEINDIA.COM)
STOCK PRICE AS ON DECEMBER 13, 2013: Rs.148.16/- per share
STOCK PRICE AS ON DECEMBER 6, 2018: Rs. 2425.50/- per share
Bajaj Finance focuses on mass affluent and above clients with a strategy to cross sell.
Some Numbers (over last 10 years i.e. 2008 to 2018)
(Source: Bajaj Finance investor presentation on the website of Bajaj Finance)
- Assets Under Management (AUM) growth = 42% p.a.
- Income from operations growth = 39% p.a.
- Net Interest Income (NII) growth = 39% p.a.
- Profit after tax (PAT) growth = 62% p.a.
- Return on Equity = 20.5%
- NPA = 0.38%
(Source : www.nseindia.com, www.bajajfinserv.in)
DISCLAIMER : THIS BLOG IS FOR INFORMATION AND NOT TO SOLICIT ANY BUSINESS. PAST PERFORMANCE IS NOT AN INDICATION OF THE PERFORMANCE OF STOCK IN FUTURE.
