A year that ended with the pandemic taking over the world did have some notable achievements in the first part. AUM grew by 27% YOY to Rs. 1,47,153 crore as on 31st March 2020. The customer franchise crossed the 40 million mark and the company's geographical spread expanded to 2,392 locations across India, in urban and rural areas.

Bajaj Financial Securities Limited also started its operation in H2 2019. Its strategy is to offer a full product suite (broking) to loan against securities (LAS) clients and grow the profit pool of the LAS business.


It proved to be another stellar year when Bajaj Finance Limited, for its foreign currency borrowing program, received a long term issuer credit rating of 'BBB' – with a stable outlook and a short term issuer credit rating of 'A-3' by S&P Global Ratings in January 2019. A 'BBB- 'rating is equivalent to India's sovereign rating assigned by S&P Global Ratings.


A notable year of remarkable strides in business, customer convenience and accolades.
To begin with, Bajaj Finance's AUM stood at a whopping Rs. 77,970 crore, successfully crossing the Rs. 75,000 crore mark and bagging the highest ever quarterly profits through the year. The board committee of Bajaj Finance Limited approved raising Rs. 4,500 crore through a Qualified Institutional Placement (QIP) with an aim to further diversify the investor base in the 2nd quarter of the year.

Aiming to be a well-diversified company, Bajaj Finance Limited picked up a nearly 11% stake in mobile wallet major Mobikwik for about Rs. 225 crore acquiring shares worth Rs. 271,050 through compulsory convertible preference shares (CCPS). Bajaj Finance Limited holds approximately 10.83% of Mobikwik's equity on a fully diluted basis.

Being leaders in consumer finance, the group decided to pave the digital route towards customer convenience. Bajaj Finserv Direct Limited was carved out of Bajaj Finance to enable the customer to transact digitally, enhancing the end-to-end online experience. Bajaj Housing Finance Limited also commenced its operations for mortgage loans.

Achieving new heights, Bajaj Finserv's market cap crossed Rs. 1,50,000 crore, making the company stand tall at 16th position in the overall market cap ranking.


The company did a record 2.5 million loans in the first quarter of 2016, the highest that we have done ever. In June 2016, the total franchise of the company grew to 20.13 million. The total income was up 38% to Rs. 2, 673 crore. PAT was up 43% to Rs. 449 crore.

The company also launched the innovative life care finance, which allows for elective surgery to be financed, with close to 2,500 hospitals and clinics in top-30 cities as partners across the country.


Overall volume momentum from a customer acquisition standpoint remained reasonably strong. The company acquired 1.6 million customers in June 2015, a 36% growth. Total income came in a tad below Rs. 2,000 crore, which is a 35% growth. Net interest income came in at 38% growth, just a tad above Rs. 1,150 crore.

The consumer durable business grew 23%, and digital products such as mobile, laptops and tablets grew 84% YoY. The company launched gold loans for the urban market in January 2016 in 60 markets, taking the total to 85 from 25 markets. The number of total active EMI cards is second in the row to India's largest private sector bank at 5.5 million. BFL also launched a retail EMI card business where it is able to offer small loans on consumer durable starting from Rs. 5,000 to Rs. 27,000.

With the competitive environment intensifying, competition in the retail assets is also projected to intensify. Therefore, the company’s key focus remains to continue diversifying, de-risk businesses, and creating higher entry barriers to the business models.


The company acquired record 4.92 million customers in FY15 by 1.6 million customers more than last year, a 45% growth. The business grew strength to strength with the consumer durable business continued to have a strong showing, acquiring 800,000 customers in the last quarter despite a muted growth. The digital product financing business delivered 87,000 customers, a 313% growth.

The rural business grew and caught great momentum. In the last quarter, we disbursed close to Rs. 330 crore of new disbursals in the rural lending business, and the business is now moving quite well.

The company introduced Doctor's loan out of the existing business loan by using cutting edge analytical tools to pre-approve super affluent and above category doctors in the top 40 cities in India and approving them. BFL also launched the next version of wealth management with three new channels in the last quarter: a relationship management channel, a Tele RM/Video RM channel, and an independent financial advisor channel in partnership with Bajaj Allianz General and with HDFC Life Company.


This was a period of innovation for Bajaj Finance Limited. The company launched India's first and only EMI (Existing Member Identification) Card and the Flexisaver in 2012. The spirit of innovation extended to processes, and the company reduced the approval time for Durable and Lifestyle Financing from 15 minutes to 5 seconds flat by 2011.

By the second year of this decade, the company had already crossed 2,000 crore milestone in Shareholders' Funds. The Assets Under Management are already beyond Rs. 10,000 crore, and the PBT for FY 2012 was Rs. 602 crore.

In FY 2013-14, BFL is set to breach the Rs. 20,000 crore mark for its Assets Under Management.

The Bajaj group legacy means that the company has always been careful about growing soundly and places a lot of emphasis on governance. Bajaj Finance Limited is one of the few NBFCs in the country to be awarded a rating of FAAA/Stable for Fixed Deposits, indicating a very strong degree of safety with regards to the timely payment of interest and principal on the instrument by the Credit Rating and Information Services India Limited (CRISIL). In addition to this, BFL was also rated high (P1+ rating) for the Short-Term Debt Programme and AA+/Stable for the Long-Term Debt Programme by CRISIL and LAA+ for the Long-Term Debt Programme by ICRA.


In the 2000-10 decade, the company expanded its expertise to finance dreams beyond two & three wheelers and Durables to Business and Property and a whole host of other personal needs. New partnerships to create robust back ends to manage processes, leveraging technology to crunch time to approval for consumers across businesses, and close collaboration with peers for exploring avenues for profit helped the company chart out a new success map.

Bajaj Auto Finance crossed Rs. 500 crore of annual disbursement in 2000. It doubled this within six years to Rs. 1,000 crore in 2006 also saw BFL's Assets Under Management crossing the Rs. 1,000 crore milestone. The Shareholders' Funds crossed the Rs. 1,000 crore milestone in 2008.

In line with our fast diversifying finance portfolio, it was natural that the name reflects the expanded sphere of the company's presence in customers' life. The company changed its name from Bajaj Auto Finance to Bajaj Finance Limited on 6th September 2010.


It started with a 6-month wait period for India's most popular two-wheelers. This helped solve a simple consumer truth about India's license days, that maybe it's not just two-wheelers that consumers hate waiting for, but just about everything else. Simply because time is the most precious commodity for which consumers are willing to pay a premium, especially if it's got to do with their need to finance their dreams. And this set the ball rolling for Bajaj Finance Limited.

This simple realisation has led the company to carefully invest in understanding processes to cut time for consumers and as a company that has created the most diversified portfolio of finance products in India. Starting as a humble two-wheeler finance company, Bajaj Auto Finance Limited was incorporated on 25th March 1987. In the same year, on 20th October, it became a deemed public company u/s 43A (1) of the Companies Act 1956. On 24th September 1988, it was registered as a Public Limited Company. A decade later, on 5th March 1998, the company was registered with RBI as a Non-Bank Company.

With 1990s ending and liberalisation paying off rich dividends and consumerism was on the rise like never before in India, the company ventured into the little-known business of Durable Finance in 1998-99. It became integral to India's snowballing electronic devices dream in less than a decade.