875.60 -5.60(-0.64%)
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Bajaj Finance Limited, formerly known as 'Bajaj Auto Finance Limited' was incorporated on March 25, 1987 as a Non-Banking Financial Company primarily focused on providing two and three-wheeler finance. On 20 October 1987, it became a deemed Public Company u/s 43A(1) of the Companies Act 1956. On 24 September 1988, it was registered as a Public Limited Company. On 5 March 1998, Bajaj Auto Finance registered with RBI as a Non-Bank Company. In 1994-95, Bajaj Auto Finance came out an Initial Public Offer and was listed on the BSE and NSE. Subsequently, the Company ventured into consumer lending, SME (small and medium-sized enterprises) lending, commercial lending, rural lending, deposits, and wealth management. On 6 September 2010, the Company name was changed from Bajaj Auto Finance Limited to Bajaj Finance Limited.Bajaj Finance Limited is a subsidiary of Bajaj Finserv Limited. Initially, the Company was promoted by erstwhile Bajaj Auto Limited and Bajaj Auto Holdings Limited. The Company is engaged in business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers variety of financial services products...