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About Bajaj Finserv

sanjiv bajaj
Mr. Sanjiv Bajaj
(Managing Director of Bajaj Finserv)

Bajaj Finserv Limited is the holding company for the financial services businesses of the Bajaj Group. Its insurance joint ventures with Allianz SE, Germany namely Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited are engaged in life and general insurance business respectively. Its subsidiary Bajaj Finance Limited is a Non Banking Finance Company engaged in consumer finance, SME finance and commercial lending. Bajaj Financial Solutions Limited, a wholly owned subsidiary of Bajaj Finserv Limited is engaged in wealth advisory business.

Bajaj Finserv has a vision to become a full fledged financial services company and be the financial partner to the Indian consumer and help him across his financial needs, whether for finance, for investment management, for protection or for post retirement support, throughout his lifecycle. Bajaj Finserv is a consumer focused company with emphasis on profitable growth and operational efficiency to deliver best results to all its stakeholders.

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Bajaj Finance Limited

We are the most diversifed non-bank in the country, the largest financier of consumer durables in India and one of the most profitable firms in the category.

Hereunder are summary details of our portfolio of businesses, with a brief description on each.

Consumer Finance Consumer Durables Finance
Lifestyle Finance
EMI Card
Personal Loans Cross Sell
Co-branded Credit Cards
Two and three wheeler Finance
Salaried Personal Loans
SME Finance Mortgage
Business Loans
Commercial Lending Construction Equipment Finance
Infrastructure Finance
Vendor Financing
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Bajaj Allianz Life Insurance Company Limited

Bajaj Allianz Life Insurance is a union between Allianz SE, one of the largest Insurance Company and Bajaj Finserv.

Allianz SE is a leading insurance conglomerate globally and one of the largest asset managers in the world, managing assets worth over a Trillion (Over INR. 55, 00,000 Crores). Allianz SE has over 119 years of financial experience and is present in over 70 countries around the world.

At Bajaj Allianz Life Insurance, customer delight is our guiding principle. Our business philosophy is to ensure excellent insurance and investment solutions by offering customised products, supported by the best technology.

To know more, click here or visit www.bajajallianz.com

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Bajaj Allianz General Insurance Company Limited

Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz SE. Both enjoy a reputation of expertise, stability and strength.

Bajaj Allianz General Insurance received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 2nd May, 2001 to conduct General Insurance business (including Health Insurance business) in India. The Company has an authorized and paid up capital of Rs. 110 crores. Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz, SE.

As on 31st March 2010, Bajaj Allianz General Insurance maintained its premier position in the industry by achieving growth as well as profitability. Bajaj Allianz has made a profit before tax of Rs. 180 crores and has become the only private insurer to cross the Rs.100 crore mark in profit before tax in the last four years. The profit after tax was Rs. 121 crores, 27% higher than the previous year.

Some of our recent highlights are as under.

2nd largest policy acquirer amongst private insurers.1.05 MM policies in FY12

4th largest private sector life insurer in India on new business & gross premium.

2nd highest AUM amongst private players. AUM of $ 7.9 billion as of FY12

2nd largest profitable life insurer in private sector in FY12.

1,044 Branches with over 173K agents.

To know more, click here or visit www.bajajallianz.com

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Bajaj Financial Solutions Limited

Bajaj Financial Solutions Limited - the latest offering from the Bajaj Finserv group’s stable, has been set up to provide simple and effective long term financial planning concepts and tools for assisting the fledging middle class investors in making informed decisions for their saving and investment needs.

Bajaj Financial Solutions, is a Wholly Owned Subsidiary of Bajaj Finserv Limited, and operates under the brand name : BAJAJ Finserv

At Bajaj Finserv Wealth Management, we assist clients by preparing a comprehensive financial plan for the long term based on their current investments, savings potential, risk profile and time horizon. This enables clients to assess the future impact of their present and subsequent investment decisions.

To start with, we want to serve the growing middle-class segment and help them understand how to manage their savings by taking more informed decisions so that it helps them better plan their financial objectives. It is our objective to give access to the vast population of India, financial advisory services at an affordable cost, which till now, were available only to the high net worth population who were willing to invest large sums of money for receiving financial advice. The company also provides its clients with regular updates through the several publications that are published by the in-house research team. The entire bouquet of services is available to the clients for a nominal flat fee and the customer has the option to continue availing this every year by paying the annual service fee. 
The company has started offering personalized solutions to its clients through a network of four branches in Pune, Aurangabad, Chandigarh and Ludhiana and is looking at opening eleven more branches in the next financial year in the Tier I and Tier II cities. The company would continue to expand the network over the next few years and plans to add 10-15 branches every year.

This company has registered itself with the Association of Mutual Funds in India (AMFI) and is empanelled with the large Asset Management Companies as a distributor of mutual fund products. It has also obtained the approval from IRDA and is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited. This makes it qualified to advise clients for their investment and protection needs. All customers who avail of this service and subsequently want to execute their investments through us, have to meet the prescribed Know Your Customer (KYC) norms.

Mr. Arpit Agarwal has been named as the CEO of Bajaj Financial Solutions and is in charge of this business.

The subsidiary company, Bajaj Financial Securities Ltd. has also registered itself with the Association of Mutual Funds in India (AMFI) in addition to being a member of the Bombay Stock Exchange, National Stock Exchange and the Central Depository Services Limited, thereby providing its clients, a seamless and a cost effective transaction execution platform for the Indian securities market and to buy and sell Mutual Funds units and also hold their investments in dematerialized form.

This securities company, through its investment platform, enables its clients with electronic execution of all their investment transactions including units of Mutual Funds and get benefit of a consolidated view of their investments routed through us. The company will also conduct investor awareness and education seminars on a pan India level to further the cause of financial inclusion in the country.

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