Bajaj Finance Limited: Non-bank Financier of Consumer Durables in India
Bajaj Finance Limited is a non- banking financial company. It is a subsidiary of Bajaj Finserv. They engaged in lending and allied activities. The lending activities including consumer lending, small and medium-sized enterprises (SME) lending, commercial lending, rural lending, fixed deposits and value-added services.
Their consumer lending products includes two-wheelers and three-wheelers finance, consumer durables finance, digital products finance, retailer finance, salaried personal loans, e-commerce consumer finance, e-commerce seller finance and home loan. They engaged in life insurance corporation, general insurance corporation and mutual fund distribution.
Their main products includes personal loan, home loan, EMI Card, Digital product finance, daily needs, durable finance, lifestyle finance, life care finance, doctor loan, shop on ecommerce, etc. They have many branches in India and outside India.
Bajaj Finance Limited’s income and net sale rises to 36.80% from Rs. 7,293.54 cr in 2016 to Rs. 9,977.36 in 2017 March. Profit increases to 43.432% in March from Rs. 1,964.57 cr to Rs. 2,817.52 cr. The Revenue growth in first quarter is Rs.6,581 crore, up by 26% over 2017-18, profit after tax is Rs.655 crore, up by 22% over in 2016-2018.