About Us

About Us

  • Bajaj Auto Finance Limited was incorporated on March 25, 1987 as Bajaj Auto Finance Private Limited got converted into a public limited Company w.e.f. September 24, 1988
  • The company is registered with the RBI as a Non Banking Finance Company (NBFC) with effect from March 5, 1998
  • The Company primarily deals in the financing consumer durables, personal and small business loans, loan against property, loan against shares

Achievements & Milestones

  • The Company achieved its highest ever disbursals of Rs.26,313 million under its various financing schemes, during the year 2006-2007
  • Network of over 6,000 Bajaj Auto and consumer durable dealerships and over 50 branch offices throughout the country to handle all the requirements of our customers
  • Trust and loyalty of over 40 lakh satisfied customers across the country
  • Highest Credit Rating of FAAA/Stable from CRISIL for Fixed Deposits
  • P1+ rating from CRISIL for Short-Term Debt Programme
  • AA+/Stable from CRISIL and LAA+ from ICRA for Long-Term Debt Programme

Credit Ratings

  • Highest Credit Rating of FAAA/Stable from CRISIL for Fixed Deposits
  • P1+ rating from CRISIL for Short-Term Debt Programme
  • AA+/Stable from CRISIL and LAA+ from ICRA for Long-Term Debt Programme

Our Management Team

Rajeev Jain, Chief Executive Officer

Rajeev is a Management graduate by profession and has 15 years of experience in consumer lending industry. He comes with an experience of managing diverse consumer lending business viz. auto loans, durable loans, personal loans and credit cards. In his previous assignments he has worked for over four years with GE and eight years with American Express. He Joins Bajaj Auto Finance Ltd from AIG, where he was Deputy CEO of its consumer finance business.
Amit Gainda, Business Head - Loan Against Properties
Amit is a management graduate with over 11 years of comprehensive experience in Strategic Planning, Sales & Marketing, Product Design & Development, Six Sigma, Collections & Analytics. He joins us from GE Money where he held the position of National Sales Manager Mortgages. In his previous assignments he has worked with Citi-Group. Amit takes care of the LAP Business which would be a strategic and high growth business for Bajaj Auto Finance Ltd. and we expect to grow this line exponentially over a short period of time.
Deepak Reddy, Business Head - Personal & Small Business Loans
Deepak is a management graduate with over 14 years of experience in distributing Financial Services & Consumer Durables. He joins us from American Express, where he held various positions in its Personal Loans & Consumer Card businesses over the last 9 years. He was Director - Sales (Consumer Cards) in his previous assignment there. Prior to American Express, Deepak has worked with Standard Chartered in Auto Loans business and also with Onida distributing durables for the first four years of his career.
Devang Mody, Business Head - Sales Finance, Cross Sell & Insurance

Devang is a Chartered Accountant by education and has experience in consulting and financial services. He joins us from AIG, where he worked as Vice President – Business Development & CRM, Consumer Finance Business. Prior to that, he worked with GE Money for over 8 years in various assignments in Six Sigma, Sales Finance, Cross Sell and Personal Loans. Earlier, he has spent 5 years in consulting with firms like E&Y. Sales Finance is a strategic and high growth business for Bajaj Finance. Devang is responsible for profitably growing our leadership position in Sales finance.
Sanjeev Vij ,Business Head - Infrastructure Financing

 

Sanjeev is a chartered accountant by profession with 19 years of experience in Retail Consumer Finance, SME Mid Markets and Corporate Finance including finance for sectors such as Infrastructure, Industrial, Healthcare, Transportation, Auto and Securitization of Receivables for NBFCs.

He joins us from ABN Amro Bank where he headed Asset Backed Finance (ABF) business in the Infrastructure and Healthcare segment. Under commercial banking segment of the bank, he pioneered many initiatives from devising a business model with requisite systems, processes & policies under templated environment to build up of Infrastructure Finance Product, many of which were firsts for ABN globally. Prior to that, he worked with CitiFinancial Consumer Finance (CCFIL) and Citicorp Finance India Limited for 4 years managing the ABF business (Infrastructure & Industrial sectors). His earlier companies included Alpic Finance, 20th Century Finance, and RPG Enterprises.

Sanjeev will be responsible for profitably setting up and growing our Infrastructure Finance business. This business is going to be a strategic and big revenue driver for Bajaj Finance in the coming years
Vivek R. Likhite, Business Head- Loan Against Shares

Vivek joined BAFL in 2007. He is a Chartered Financial Analyst and holds a Cost Accountant degree from ICWAI. He has an experience of 20 years in strategic planning, process management, operations management, accounts, funds management, budgeting and MIS. He has worked with Larsen & Turbo Ltd for eight years. His last assignment was with TATA Motor Finance before joining BAFL.
Deepak Gupta, Chief - Human Resources

Deepak has an overall experience of 19 years in Financial Services, ITES and Manufacturing industry. Deepak has strength in areas like Strategy & Structure, People Policies, Employee relations, Talent management, Employee engagement, Performance measurement practices, Compensation, Rewards and Training & Development.

Deepak joins us from SREI Infrastructure finance, where he was Group Sr. Vice President and Head of Human Resources. He was responsible for organization development, and HR effectiveness across the employee eco cycle i.e. spanning across Talent attraction, Performance Management, Compensation, Rewards & variable pay, Policies, Employee services, Leadership development and Productivity.

Prior to that, he worked with Company like CRISIL, ENAM Financial, CEAT Financial Services and Reliance Industries Limited.

Deepak will be responsible for driving People strategy for the organization and in making Bajaj Finance an employer of Choice. He will also be responsible for the Administration function in the company

Rakesh Bhatt, Chief - Information Officer

Rakesh has an overall experience of 16 years in finance & technology industry. He has played several leadership roles encompassing CIO responsibilities, IT product management and delivery. Rakesh joins us from AIG Consumer Finance (India) where he was Vice President and Head – Technology. Prior to that, he worked with 3i Infotech Ltd for 5 years with assignments in IT product management and development, product marketing and pre-sales support. Earlier, he had worked for Reliance Industries and GE Money.
Pankaj Thadani, Chief - Financial Officer

Pankaj joined BAFL in 2006 and has an experience of 24 years in financing, financial accounting, cost accounting, tax and systems. He is a Mathematics Graduate and is a Chartered Accountant by profession. He joined BAFL from an equity research company called Corporate Database. His previous assignments were with Bajaj Auto Limited, Eischer and Mico Bosch.
S Ravi, Chief - Credit & Operations
Ravi joins us from GE Money, where he has spent the last 15 years, in multiple leadership roles. His last assignment was Head – Operations, GE Money, India based in Chennai. Prior to his current assignment, Ravi worked in different roles in centralized operations, branch operations, strategic IT projects and commercial vehicle sales and distribution. He has an overall work experience of 25 years, predominantly in the financial services industry.

Ravi will continue to improve the existing efficiencies and cost management initiatives. His strategic goal will be to lead the operations function and deliver a “Best in class customer experience” organization.

History

Bajaj Auto Finance Ltd. (BAFL) was incorporated as a Private Limited Company on 25th March, 1987. It became a deemed Public Limited Company by virtue of Section 43(A) of the Companies Act, 1956 w.e.f., 20th October, 1987.

Initially BAFL was promoted by erstwhile Bajaj Auto Limited and Bajaj Auto Holdings Limited. Bajaj Auto Limited is the largest manufacturer of two and three wheelers in the country and Bajaj Auto Holdings Limited is an investment company and is a wholly owned subsidiary company of Bajaj Holdings & Investment Limited. As per the Scheme of Demerger of erstwhile Bajaj Auto Limited, the shareholding of Bajaj Auto Limited in BAFL has been vested with Bajaj Finserv Limited.

BAFL is an NBFC registered with RBI and authorised to accept public deposits. Consequent to the re-classification of NBFCs by RBI, BAFL has been re-classified as an “Asset Finance Company (Deposit Taking)”.

BAFL is engaged primarily in the business of financing of two wheelers, consumer durables, personal computers, personal loans etc.

BAFL made a Public Issue of Equity Shares in 1994 and its Equity Shares are listed on Bombay Stock Exchange Limited and National Stock Exchange of India Limited.

BAFL made a Preferential Issue of Equity Shares to the Promoters and a few foreign corporate bodies and also warrants to the Promoters in 2006.

BAFL made a Rights Issue of Equity Shares and Non-Convertible Debentures with detachable warrants to the existing shareholders in 2006-07.

The present Paid-up Capital of the Company is Rs.365,960,760/-

BAFL has its headquarters at Pune and has more than 50 branches spread across the country

Code of Conduct

Code of Conduct for Directors and Members of Senior Management
CODE OF CONDUCT FOR DIRECTORS AND MEMBERS OF SENIOR MANAGEMENT

Preface

This code of conduct shall apply to the Directors and members of the Senior Management of Bajaj Auto Finance Limited (referred to hereinafter as BAFL or the Company).
For this code, members of the Senior Management (hereinafter referred to as `Senior Managers’) shall mean those personnel of the Company, who are members of the core management team, but shall exclude the Managing / Whole-time Directors.
Directors and Senior Managers shall observe the highest standards of ethical conduct and integrity and shall work to the best of their ability and judgement. Directors and Senior Managers shall be governed by the rules and regulations of the Company as are made applicable to them from time to time.
Directors and Senior Managers shall affirm compliance with this code on an annual basis as at the end of each financial year.
Code of conduct :
  1. Directors and Senior Managers shall ensure that they use the Company’s assets, properties and services for official purposes only or as per the terms of appointment.
  2. Directors and Senior Managers shall not receive directly or indirectly any benefit from the Company’s business associates, which is intended or can be perceived as being given to gain favour for dealing with the Company.
  3. Directors and Senior Managers shall ensure the security of all confidential information available to them in the course of their duties.
  4. No Director or Senior Manager, other than the designated spokespersons shall engage with any member of press and media in matters concerning the Company. In such cases, they should direct the request to the designated spokespersons.
  5. Directors and Senior Managers shall not engage in any material business relationship or activity, which conflicts with their duties towards the Company.
  6. Senior Managers shall not, without the prior approval of the Managing Director of the Company, accept employment or a position of responsibility with any organisation for remuneration or otherwise. In case of Whole-time Directors, such prior approval must be obtained from the Board of Directors of the Company.
  7. Directors and Senior Managers shall declare information about their relatives (spouse, children and parents) employed in the Company.


Date : 13th October, 2005
Fair Practices Code
 
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