Bajaj Finance Ltd.

BSE: 500034 | NSE: BAJFINANCE
Large Cap | Finance - NBFC
1087.70
-3.00 (-0.28%)
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Bajaj Finance planning to enter microfinance, SME, tractor, four-wheeler financing

Date: 12-09-2023

Bajaj Finance is planning to enter microfinance, SME finance as also tractor and four-wheeler financing. These expansions should happen over the next two to three years. During this period, the company is also planning to expand its footprint by a quarter of the present strength of 4,000 branches to 5,000. 

The company started off as a two-wheeler financier to fund Bajaj Auto customers, then it moved onto consumer financing which was the most successful diversification, and then to loan against property.

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.