Bajaj Finserv Share Price

Bajaj Finserv Ltd.

Bajaj Finserv Ltd, with a market capitalisation of 4.55 lakh crore, is among the most critical players in the Indian financial sector. With its workforce of 73,000 committed employees, it extends a broad spectrum of financial solutions to consumers all over India. The organization also provides a few types of loans, such as gold, vehicle, business, personal, and house loans.

As part of its philosophy of making finance work for the customer, Bajaj Finserv Ltd. offers unique products such as the Instant EMI Card. It also provides mutual funds, fixed deposit services, and other insurance tools, ensuring that almost all financial requirements can be fulfilled at the customer's doorstep. So, to know more about Bajaj Finserv bonus share

About Bajaj Finserv Limited and Bajaj Finserv share price

Having effectively sold more than 28 million policies via Bajaj Allianz General Insurance Company, Bajaj Finserv Ltd. is a prominent player in the financial sector. This outstanding accomplishment demonstrates its broad appeal and the confidence it has gained from many people. The company further demonstrates its financial stability and proficiency in managing significant assets by efficiently managing a sizeable ₹90,584 crore Assets Under Management (AUM) of Bajaj Allianz Life Insurance Company.

Furthermore, Bajaj Housing Finance's 81% AUM 6-year CAGR demonstrates the business's robust expansion in the housing finance industry and emphasises its role in satisfying the housing financing demands of many people. The partnership between Bajaj Finserv Direct and 48 partners improves the company's offerings and guarantees that more individuals will have access to financial solutions.

Furthermore, Bajaj Finance Ltd.'s enormous AUM of ₹247,379 crore confirms the company's important job in overseeing and expanding the funds of numerous clients. This number strengthens many people's confidence and dependability in Bajaj Finserv Ltd.

The company's influence goes beyond finance. With 35.5 million users, the Bajaj Finserv App provides simple access to various financial services and products. With more than 1,800 hospitals, 6,000 lab touchpoints, and 120,000 clinicians in its network, Bajaj Finserv Health Digital guarantees that patients may get healthcare quickly and easily.

Bajaj Finserv Ltd.'s dedication to societal progress and well-being extends beyond its ordinary commercial activities, as seen by its 643 Corporate Social Responsibility (CSR) programs.

Insurance Industry Overview

With the provision of financial protection against numerous risks, the insurance business plays a pivotal role in the economy. Moreover, the various kinds of insurance, including health, life, vehicle, and property insurance, are how it functions. Businesses in this industry receive premiums from policyholders to pay claims and cover losses. For extra revenue, insurers invest their premiums as well. Much regulation is placed on the industry to guarantee that businesses can remain stable and fulfil their commitments to policyholders.

Technological breakthroughs are bringing modifications; data analytics and digital platforms are strengthening risk assessment and customer experience. Generally speaking, the insurance sector provides vital services that support people and organisations in coping with uncertainty and recovering from unforeseen catastrophes.

Bajaj Finserv Limited Competitors

Here are some of the major competitors of this industry, which is declared in regards to Bajaj Finserv share price today:

• Bajaj Finance Ltd
• Indian Railway Finance Corporation
• Jio Railway Finance Corporation
• Power Finance Corporation Ltd

Bajaj Finserv share price history

• 1987: Bajaj Auto Finance was incorporated on March 25 as a Private Limited Company to hire purchase and lease finance activities. It became a deemed public company on October 20. The company primarily focused on financing two- and three-wheelers, leasing equipment and vehicles, bill discounting, and real estate operations.
• 1993: Bajaj Auto Finance issued commercial papers (CPs) worth ₹ 80 million, rated P1+ by CRISIL. It also opened branch offices in New Delhi, Chennai, Bangalore, and Mumbai and proposed issuing 67,00,000 equity bajaj finserv share price target at a premium.
• 1995: Following a public issue, the company allotted 4,15,000 equity Bajaj Finserv bonus share raising its paid-up Bajaj Finserv news share capital to ₹ 164.88 million. It ceased to be a subsidiary of Bajaj Auto Ltd and opened branches in Vijayawada, Nasik, Visakhapatnam, Calcutta, Goa, Madurai, and Pune.
• 1997: Bajaj Auto Finance planned to double its borrowing capacity to ₹ 200 crore. CRISIL reaffirmed the P1+ rating for its debt programs and the FAAA rating for its fixed deposits.
• 1999: Bajaj Auto Finance dematerialised its Bajaj Finserv share price NSE and joined the National Securities Depository Ltd. It formed regional tie-ups with companies like BPL and expanded its consumer finance services.
• 2002: Dipak Poddar was reappointed as Managing Director for another five years.
• 2003: The company voluntarily delisted its equity shares from the Pune and Ahmedabad Stock Exchanges.
• 2004: Bajaj Auto Finance partnered with Intel to offer financing schemes for Intel Pentium 4 PCs. It issued rights in a 6:10 ratio.
• 2009: The board recommended a dividend of ₹ 2 Bajaj Finserv share price (20%).
• 2011: The board recommended a dividend of ₹ 10 per Bajaj Finserv share price (100%).
• 2012: The board recommended a dividend of ₹ 12 per Bajaj Finserv share price.
• 2013: Bajaj Finance issued rights in a 3:19 ratio.
• 2014: The company acquired Bajaj Financial Solutions for ₹ 17 crore.
• 2015: Bajaj Finance's subsidiary received a National Housing Bank (NHB) license to start a housing finance business.
• 2017: Bajaj Finance entered into a strategic agreement with MobiKwik.
• 2018: Bajaj Finance won the MINT Corporate Strategy Award in the 'Shaping' category.
• 2020: Bajaj Finance won the Innovation Awards 2020 for Business Model Innovation in creating a diversified consumer financial services marketplace.
• 2021: The company won the Best Social Media Influencer Campaign at the IAMAI India Digital Awards (IDA) 2021.

Company profile- Strengths and weaknesses

Strengths

• FII/FPI are increasing their shareholding
• MFs boosted their shareholding last quarter
• Annual net profits have improved for the last 2 years
• Annual profit growth is higher than sector profit growth

Weaknesses

• Poor cash generated from core businesses
• Bearish stocks

The financials

Shareholding pattern of Bajaj Finserv Limited

Here is the shareholding pattern of Bajaj Finserv Limited:

• Promoters: 60.77%
• FII: 8.5%
• DII: 6.97%
• Public: 23.76%
• Others: 0%

Peer comparison