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Bajaj Finance Limited (BFL) is a deposit-taking Indian non-banking financial company headquartered in Pune. [6] [7] It has a customer base of 88.11 million [8] and holds assets under management worth ₹ 354,192 crore (US$42 billion), as of June 2024.
Bajaj Finance was initially incepted as Bajaj Auto Finance in 1987. Later diversified into business and property financing. [27] [28] Bajaj Allianz Life Insurance is a joint venture between Bajaj Finserv and Allianz SE. [29] It offers insurance products for financial planning and security. [30]
Bajaj Group is an Indian multinational conglomerate founded by Jamnalal Bajaj in Mumbai in 1926. [2] [3] The group comprises 40 companies and its flagship company Bajaj Auto is ranked as the world's fourth largest two- and three-wheeler manufacturer. [4]
The Bajaj Group is involved in industries such as sugar, consumer goods, power generation, and infrastructure development. In 1953, Kamalnayan Bajaj established Bajaj Sevashram to market and sell hair oils and other beauty products. [5] Bajaj Consumer Care Ltd. is the third-largest player in India's hair oils production, including light hair oil.
After Bajaj Auto's demerger in 2007, Bajaj took charge as the managing director of Bajaj Finserv. [19] [20] Also, he took on additional roles like the chairman of Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance, vice chairman of Bajaj Finance, and managing director of Bajaj Holdings & Investment Limited in 2012. [21]
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The target customer group was Bajaj's three-wheeler customers. [30] According to its Managing Director Rajiv Bajaj, the RE60 powered by a new 200 cc rear mounted petrol engine will have a top speed of 70 kilometres per hour (43 mph), a mileage of 35 kilometres per litre (99 mpg ‑imp; 82 mpg ‑US) and carbon dioxide emissions of 60 g/km. [30 ...
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