History of Bajaj Finance Limited, a subsidiary of Bajaj Finserv
Bajaj Finance Limited, a subsidiary of Bajaj Finserv, is an Indian non-banking financial company (NBFC). The company deals in consumer finance, SME (small and medium-sized enterprises) and commercial lending, and wealth management.
Headquartered in Pune, Maharashtra, the company has 294 consumer branches and 497 rural locations with over 33,000+ distribution points.
Originally incorporated as Bajaj Auto Finance Limited on March 25, 1987, the non-bank singularly focused on providing two and three wheeler finance. After 11 years in the auto finance market, Bajaj Auto Finance Ltd launched its initial public issue of equity share and was listed on the BSE and NSE.
At the turn of the 20th century, the company ventured into the durables finance sector. In the subsequent years, Bajaj Auto Finance diversified into business and property loans as well.
Ownership Bajaj Finserv Limited
The parent company, Bajaj Finserv Limited, holds 57.28% of the total shares[6] and has a controlling stake in the subsidiary. Other major investors include Maharashtra Scooters Limited, Government of Singapore, Smallcap World Fund INC and AXIS Long Term Equity Fund.
Market Capital Bajaj finance ltd share price
In the year 2006, the company’s assets under management hit the Rs.1,000 crore mark and is currently at 376,642.87 Crore. 2021 saw the company’s registered name change from Bajaj Auto Finance Limited to Bajaj Finance Limited.
Top Management Bajaj finance stock
The company’s top management includes Mr.Sanjiv Bajaj, Dr.Naushad Forbes, Ms.Gita Piramal, Mr.Ranjan Sanghi, Mr.Dipak Poddar, Dr.Omkar Goswami, Mr.D J Balaji Rao, Mr.Rajiv Bajaj, Mr.Madhur Bajaj, Mr.Rahul Bajaj, Mr.Rajeev Jain, Mr.Anami Roy. Company has S R B C & Co. LLP as its auditors.
Share Holding Pattern of Bajfinance share
| CATEGORY | 30 JUN 2021 | 31 MAR 2021 | 31 DEC 2020 | 30 SEP 2020 |
|---|---|---|---|---|
| Promoters | 56.03 | 56.12 | 56.12 | 56.12 |
| Pledge | 0.00 | 0.00 | 0.00 | 0.00 |
| FII | 25.35 | 25.38 | 25.22 | 23.13 |
| DII | 8.02 | 7.77 | 7.74 | 8.89 |
| Mutual Funds | 6.57 | 6.39 | 6.25 | 7.10 |
| Others | 10.60 | 10.73 | 10.92 | 11.86 |
As on 30-06-2021, the company has a total of 60.36 Crore shares outstanding.
Bajaj finance share price target
Bajaj Finance share price gained as much as 2.3 per cent to hit a record high of Rs 6,228.60 apiece in intraday on BSE. The stock has soared over 183 per cent in a span of one year. The gains in the index heavyweight were on the back of unlocking the economy. Analysts believe that this will lead to faster recovery and lower NPA. Bajaj Finance has been performing consistently for the last three quarters. Analysts believe Bajaj Finance stock may rally up to 10 per cent more. American brokerage BofA Securities has given a ‘buy’ rating to the stock, as it believes that the technology platform will further accelerate Bajaj Finance’s growth trajectory and market share gains, with strong positive operating leverage.
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Bajaj finance share rate quote is equal to 6394.300 INR at 2021-07-30. Based on our forecasts, a long-term increase is expected, the ” Bajaj finance limited share price ” stock price prognosis for 2026-07-27 is 11026.80 INR. With a 5-year investment, the revenue is expected to be around +72.45%. Your current $100 investment may be up to $172.45 in 2026.
Bajaj Finance reiterated that the financial impact of COVID 2.0 has been much milder as compared to the first wave with Bajaj Finance remaining open for business across all categories. The brokerage firm said the pickup in early Jun’21 (especially in high frequency B2B business) has been strong with BajFinance share hoping to reach 75-80% of Mar’21 levels post 14th Jun’21 with full normalization by early July. In volume traded terms, around 1.95 lakh shares have exchanged hands on BSE, while a total of 32.33 lakh shares have traded on NSE so far in the day.
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