Pick of the Week: BAJFINANCE
29th December 2018
- Bajaj Auto Finance (BAFL), incorporated in 1987, is engaged in business of retail financing. Earlier BAFL was promoted by Bajaj Auto and Bajaj Auto Holdings. Bajaj Auto is the second largest manufacturer of two- and three-wheelers in the India. Bajaj Auto Holdings is an investment company. In 2010 Bajaj Auto Finance changed its name from Bajaj Auto Finance Ltd to BAJAJ FINANCE LTD. As per the scheme of de-merger of erstwhile Bajaj Auto, the stakes held by Bajaj Auto in BAFL were transferred to Bajaj Finserv. Currently Bajaj Auto Finance is subsidiary of Bajaj Finserv.Today BAFL is a non-banking financial company that is registered with the Reserve Bank of India (RBI) and is authorised to accept public deposits.
- BAFL went public in the year 1994 and is listed on Bombay Stock Exchange and National Stock Exchange of India. Headquartered at Pune, the company has a pan-India presence through 50 branches that includes Hyderabad, New Delhi, Chennai, Bangalore, Mumbai, Nagpur, Vijaywada, Nasik, Vishakhapattanam, Kolkata, Goa, Madurai and Pune. The company has served over 40 lakh satisfied customers across the country.
BAJAJ FINANCE LIMITED
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