Bajaj Finance, headquartered in Pune, is one of the largest non-banking financial institutions in the country. Across India, Bajaj Finance has a presence in over 2600 cities and towns. The history of Bajaj Finance can be traced back to 1987 when it was set up by Rahul Bajaj who at that time was the Chairman of Bajaj Auto, one of India's leading two-wheeler manufacturers. The following year, Bajaj Auto Finance was registered as a public company. Ten years later in 1998, the Reserve Bank of India (RBI) registered Bajaj Finance as a Non-Bank firm. 1998 was a significant year for Bajaj Finance as it stepped into the business of Durable Finance. To this end, it joined hands with Godrej GE Appliances, LG and Blue Star. A year later Bajaj Finance teamed up with BPL to finance its consumer durables, however, refrigerators were not included. 2007 was a major year for Bajaj Auto as it demerged into three separate firms. Bajaj Auto Finance was now a company under Bajaj Finserv. In 2010, Bajaj Auto Finance was rechristened as Bajaj Finance Limited which remains the name of the firm. Two years later, Bajaj Finance introduced the country's first EMI (Existing Member Identification) Card and Flexisaver. The purpose behind Bajaj Finance’s introduction of this card was to help customers purchase products on easy EMIs without needing a credit card. In 2017, Bajaj Finance purchased a 10.83 per cent stake in Mobikwik, an online payments firm. The same year, structural changes took place at Bajaj Finance as Bajaj Finserv Direct Limited was carved-out of the firm. This was done in order to enable customers to transact digitally and to further enhance the end-to-end online experience. Bajaj Finance also expanded into mortgage loans with another subsidiary Bajaj Housing Finance Limited. Another wholly-owned subsidiary Bajaj Financial Securities Limited commenced operations two years later in 2019. As of March 2022, Bajaj Finance has a customer base of over 66 million. 

Product and services 

Bajaj Finance offers its customers a host of products and services. The firm has a lending portfolio which covers retail, SMEs and commercial customers. Bajaj Finance provides Small and Medium Enterprise (SME) loans to businesses. The non-banking company also provides home loans, loans against property, gold loans, lease rental discounting as well as loans against shares. Other loan services include professional loans, working capital loans and used car loans. In the consumer finance segment, Bajaj Finance offers product and services such as durable finance, lifestyle finance, EMI card, digital product finance, among others. In the commercial lending segment, Bajaj Finance provides various products and services such as Large Value Lease Rental Discounting, Loans against Securities and Warehouse Financing, among others. 

Listing 

Bajaj Finance launched its Initial Public Offer (IPO) in 1994. In the same year, Bajaj Finance was listed on the Bombay Stock Exchange (BSE) as well as the National Stock Exchange of India (NSE). Bajaj Finance is listed in a number of other stock exchanges like Calcutta Stock Exchange, Delhi Stock Exchange, Madras Stock Exchange etc. Bajaj Finance is a part of multiple indices like Nifty 50, Nifty 500, S&P BSE Sensex etc.