About Bajaj Finance (BFL)

Bajaj Finance (BFL) is a deposit-taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as a NBFC-Investment and Credit Company (NBFC-ICC). It is a subsidiary of Bajaj Finserv. The company is engaged in the business of lending, partnership and services, payments and acceptance of deposits.

It has a diversified lending portfolio across retail, SMEs (Small and Medium sized Enterprises), and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers.BFL was originally incorporated as Bajaj Auto Finance Private Limited on March 25, 1987 as a Non-Banking Financial Company primarily focused on providing two- and three-wheeler finance. It launched an initial public offering of equity shares and was listed on the Bombay Stock Exchange (‘BSE’) on June 07, 1994.

Thereafter, it got listed on National Stock Exchange of India (‘NSE’) on April 01, 2003. Subsequently, BFL ventured into consumer lending, SME lending, commercial lending, rural lending, partnership and services, payments and deposits.The company has two wholly owned subsidiary companies: Bajaj Housing Finance Ltd, one of the fastest growing housing finance companies in the country, and Bajaj Financial Securities Ltd, an all-in-one digital stockbroker that combines demat, broking, and margin trade financing for retail and HNI clients.Business area of the companyBajaj Finance is engaged in the business of lending, partnership and services, payments and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs (Small and Medium sized Enterprises), and commercial customers with significant presence in both urban and rural India.

It accepts public and corporate deposits and offers a variety of financial services products to its customers. The company is transforming itself into a customer-centric, digital-first enterprise through omnipresence across physical, mobile, and web mediums, led by payments platform.Services offered:Consumer LendingMortgagesPersonal LoanPublic and Corporate depositsAuto FinancingLoan against SecuritiesRural LendingCommercial LendingMicro-finance LendingPartnerships and ServicesGold LoanSME LendingAwards:2015-16:BFL won TISS LeapVault CLO Award in Best Virtual Learning Program category.BFL has been ranked 16th among the top 25 best places to work in Asia by the Great Place to Work Institute.BFL has been recognised as one of the Best Employers in India, for the third year in a row in the AON Hewitt Best Employers Study, 2016.2016-17:BFL’s Human Resource department won this award in the Best Simulation Based Program category for its ‘Super Manager Studio Online and Offline Training Program.The company’s Audit Committee was awarded the ‘Best Audit Committee Award 2016’ by the Asian Centre for Corporate Governance and Sustainability at the 4th Asia Business Responsibility Summit.2017-18:Featured among the ‘Top 18 Best Employers in India’, 2017 by Aon Hewitt.India’s Best Companies to work for 2017, by the ‘Great Places to Work’.Awarded ‘India's Leading NBFC - Other than Infrastructure Financing’ by Dun and Bradstreet.Awarded ‘Best NBFC of the Year 2017’ by Outlook Money for value proposition and innovations.The Mint Corporate Strategy Award, recognizing excellence in corporate governance.Ranked amongst Top 25 Best Large Workplaces in Asia, 2018, by the ‘Great Places to Work’.2018-19:Featured amongst the ‘Best Employers in India’, 2017 by Aon Hewitt.‘Outstanding Company of the Year’ at CNBC Indian Business Leader Awards to Bajaj Finance.Ranked 9th amongst 'Top 25 Best Large Workplaces in Asia', 2019, by ‘Great Places to Work’ institute.2019-20:Ranked among the Top 25 Best Large Workplaces in Asia, 2019, (Rank 9) by the ‘Great Places to Work’ Institute.Recognised among organisations having more than 10,000 employees by the ‘Great Place to Work’ Institute.India’s Best Companies to Work for 2019, by the ‘Great Place to Work’ Institute.Featured among the ‘Best Employers in India’, 2019, by Aon Hewitt.FE India’s Best Banks Awards–Best NBFC of the Year 2017-18, for Bajaj Finance.Economic Times Awards for Corporate Excellence-Company of the Year for BFL.2021-22:Bajaj Finance has been recognised in the top 30 best places to work for in the BFS Sector 2022 by the 'Great Place to Work' Institute.Bajaj Finance bagged Gold for ‘Digital Marketing Excellence in Financial Services’ for its Fixed Deposit digital campaign at the DIGIXX 2019 Awards by Adgully.2022-23:Recognised by Great Place to Work™ as India’s Best Workplaces Building a Culture of Innovation by All (2023-2024).Recognised by Great Place Work™ as India’s Best Workplaces in BFSI (2023-2024).2023-24:Recognised by Great Place to Work™ as India’s Best Workplaces™ Building a Culture of Innovation by All (2023-2024).Recognised by Great Place Work™ as India’s Best Workplaces™ in BFSI (2023-2024).Awarded as “Most Committed to ESG” company under “Bronze category” in India for 2024 by FinanceAsia.2024-25:Best Large NBFC' for FY2024 by Business Today at the Business Today Best Banks Awards held in February 2025.'Best Large NBFC' at the 17th Edition of MINT BFSI Summit and Awards held in January 2025.Milestones:1987: The company started as a humble two-wheeler finance company, Bajaj Auto Finance Limited, incorporated on March 25, 1987.2000-10: The company expanded its expertise beyond two three wheelers and durables to business, property, and a whole host of other personal needs financing.2008-09: The company launched Loan Against Property and Business Loan business.2010-11: Loan against securities - Retail Business came into the picture.2010-11: The company changed its name to Bajaj Finance Limited on September 06, 2010.2011-12: The company launched the flagship product of EMI Cards and Professional Loans and Salaried Loan Business.2011-12: The company reduced the approval time for Durable and Lifestyle Financing from 15 minutes to 5 seconds flat by 2011.2012-13: The company launched India’s first and only EMI Card and the Flexisaver in 20122013-14: The company grew its rural lending business and introduced the Fixed Deposit business.2015-16: The company launched gold loans for the urban market in January 2016 in 60 markets, taking the total to 85 from 25 markets.2016-17: The company launched 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.2019-20: Bajaj Financial Securities started its operations in 2019.2019-20: In 2020, the company launched Bajaj Finserv Health, and the Nanoo Pamnani Technology Innovation Collaboration Centre was established.2024-25: In FY2025, BFL crossed a milestone of Rs 400,000 crore of consolidated AUM.