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Is Bajaj Finserv a Financially Stable NBFC?

By Finserv MARKETS - Dec 25,2019
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With rising incomes and changing lifestyles, Indians are more open than ever to avail loans to meet their financial goals. A key player in the industry meeting these lending demands is Bajaj Finserv, one of India’s leading financial services company and a reputed NBFC. Apart from loans, Bajaj Finserv also offers customers an array of financial products such as insurance, investment instruments, wealth management and much more.

Founded in 2007, Bajaj Finserv has over 20,000 employees across 2000 locations in India, making it one of the largest NBFCs in the country[1]. It has also been featured on Forbes’2019 list of World’s Top Regarded Companies as well as its Global 2000 companies list[2].

Bajaj Finserv’s position as a successful NBFC is well-established. However, as potential customers, it might be more relevant for you to evaluate if Bajaj Finserv is financially stable enough for it to be right NBFC for you. To that effect, here are a few factors you should consider:

Bajaj Finserv Market Performance

It is no secret that the most effective way to evaluate the financial stability and longevity of a company is to track its performance in the market. Therefore, in order to get a fair idea of the dependability of Bajaj Finserv, we must look to its recent stock market performance.

The financial health of a company is often best indicated by its profit and revenue growth with every quarter and financial year. In the case of Bajaj Finserv, earlier this year the company reported (for Q3) a 16% year on year rise in its consolidated profit. The year before, Bajaj Finserv has reported a net profit of Rs. 731 crores. With the profit boost last year, that figure grew to Rs. 851 crores.

Moreover, the consolidated income for the quarter also rose by 39%. This meant that while the same quarter last year reported an income of Rs. 8005 crores, this year that figure stood at a whopping Rs. 11,142 crores.

Several reports this year have clearly illustrated Bajaj Finserv’s out performance over its peers. Bajaj Finance, its subsidiary company that promotes its various financial products, has grown exponentially over the past decade. It is estimated that an investment of Rs. 1 lakh in Bajaj Finance stock in Sep, 2009 would have grown to Rs. 1.49 crore in today’s time.

The Success of Finserv MARKETS

A huge part of Bajaj Finserv’s overall success has been played by Finserv MARKETS, its offshoot online platform. Finserv MARKETS can be best described as an online financial supermarket on which customers can avail a variety of financial products. These include various customized insurance plans, investments instruments such as mutual funds and fixed deposits as well as a versatile EMI card.

One of the most popular financial products on Finserv MARKETS, however, are the varieties of loans available on the platform. These include personal loans, home loans, professional loans and business loans, all of which come with their unique, customised benefits. In particular, the Bajaj Finserv personal loans on Finserv MARKETS are a popular financial product among the over 100 million customers of the platform.

These personal loans come customised for the popular financial needs of potential borrowers. There are personal loans available for travel, education, wedding, cars, two wheelers and much more. Moreover, with the Hybrid Flexi personal loan option, customers can even enjoy interest only EMIs, flexible repayments and unlimited withdrawals on their loan amounts.

One of the most beneficial aspects of these loans is, of course, their availability on Finserv MARKETS. On account of the platform’s convenience, these loans can be applied for with a completely secure and transparent application process with minimal documentation. Also, on applying for personal loans on Finserv MARKETS, you are guaranteed almost instant approval and disbursal of your loan amount in under 24 hours.

Hence, with the clearly established financial stability of Bajaj Finserv, availing one of their many financial products is a reliable choice indeed. Moreover, with the various benefits that its platform Finserv MARKETS provides, availing these financial products and services is more convenient than ever. In particular, if you are looking for a personal loan to meet any of your financial goals, look no further than Finserv MARKETS and the various Bajaj Finserv personal loans available on it.

Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we work towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522