Bajaj Finserv Ltd.

With a view to broaden its business, Bajaj Finserv, a diversified financial company, is planning to foray into wealth management business space. The company is taking this step in order to tap rich and high net worth individuals whose numbers are estimated to rise in future.

The company is presently conducting studies and analyzing the market and will enter the business before March 2013. The company is also currently carrying out a pilot run of the business to find the right mix.

Bajaj Finserv is engaged in life insurance; general insurance and consumer finance businesses and has plans to expand its business by offering a wide array of financial products and services in India. Apart from financial services, the company is also active in wind-energy generation.