By combining a sharp focus on sustainable profitability with innovation, the Sanjiv Bajaj-led Bajaj Finserv has created a financial powerhouse straddling multiple business lines. At the core of it: A rock-solid NBFC, Bajaj Finance, which is the darling of investors.
Earlier this year, seven members of the management team of the Rs 18,000 crore-plus (revenues) Bajaj Finserv Ltd (BFS), the financial services mothership of the Bajaj Group, were in Silicon Valley, meeting some of the world’s best-known corporations and venture capitalists. This not only included Microsoft, Amazon and Salesforce, but also 15 fintech startups which were doing new and different things in the finance space.
“The kind of things they are doing there just blew our minds. We thought tapping into the India opportunity was good enough but it was fascinating to see how they are using technology and ideas to change small aspects of the business,” says Sanjiv Bajaj, 46, the second son of 77-year-old group patriarch Rahul Bajaj.
Sanjiv Bajaj took over as BFS’s managing director in 2008, after a widely publicised group demerger which saw two-wheeler giant Bajaj Auto Ltd (BAL), the then flagship, go to older brother Rajiv while Sanjiv focussed on financial services. (The Bajaj family was ranked 19th on the 2015 Forbes India Rich List with a total net worth of $4.4 billion, as of September 2015.)
Today, BFS operates as the financial services holding company of the group, and holds stakes in three key businesses: Bajaj Finance Ltd (BFL), the non-banking finance company, Bajaj Allianz General Insurance (Bagic) and Bajaj Allianz Life Insurance (Balic). BFS holds 57.5 percent in BFL and 74 percent each in the insurance firms which are joint ventures with Allianz of Germany.
Bu hikaye Forbes India dergisinin Best of Forbes, March 2017 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Forbes India dergisinin Best of Forbes, March 2017 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet
