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The financial services and wind energy businesses were transferred to Bajaj Finserv Limited (BFL) as part of the concluded demerger from [[Bajaj Auto|Bajaj Auto Limited]], approved by the High Court of Judicature at [[Bombay]] by its order dated 18 December 2007.[[http://articles.economictimes.indiatimes.com/2007-08-18/news/27675728_1_demerger-scheme-bajaj-holdings-bajaj-auto "Bajaj Auto demerger approved"] {{Webarchive|url=https://web.archive.org/web/20141217035850/http://articles.economictimes.indiatimes.com/2007-08-18/news/27675728_1_demerger-scheme-bajaj-holdings-bajaj-auto |date=17 December 2014 }} ''The Economic Times''. Retrieved 2014-11-03.][{{Cite book |last=Saraogi |first=Rahul |url=https://books.google.com/books?id=HMMiAwAAQBAJ&dq=Bajaj+Finserv&pg=PA122 |title=Investing in India, + Website: A Value Investor's Guide to the Biggest Untapped Opportunity in the World |date=2014-04-21 |publisher=John Wiley & Sons |isbn=978-1-118-75609-6 |language=en |access-date=27 May 2023 |archive-date=12 May 2024 |archive-url=https://web.archive.org/web/20240512043310/https://books.google.com/books?id=HMMiAwAAQBAJ&dq=Bajaj+Finserv&pg=PA122 |url-status=live }}] It is a financial conglomerate with stakes in the financing sector (Bajaj Finance),[{{Cite web |last=Chatterjee |first=Sinjinee |date=2018 |title=To evaluate the perception of the parent brand Bajaj vis-à-vis Bajaj Finserv |url=http://tapmi.informaticsglobal.com/617/ |access-date=2022-08-31 |website=tapmi.informaticsglobal.com |language=en |archive-date=31 August 2022 |archive-url=https://web.archive.org/web/20220831164253/http://tapmi.informaticsglobal.com/617/ |url-status=live }}][[http://www.business-standard.com/article/companies/bajaj-finserv-s-q1-consolidated-net-profit-rises-14-114071600994_1.html "Bajaj Finserv's Q1 consolidated net profit rises 14%"] {{Webarchive|url=https://web.archive.org/web/20141104070358/http://www.business-standard.com/article/companies/bajaj-finserv-s-q1-consolidated-net-profit-rises-14-114071600994_1.html |date=4 November 2014 }} ''Business Standard''. Retrieved 2014-11-03.] the life insurance business (Bajaj Life Insurance), the general insurance business (Bajaj General Insurance),[{{Cite web |last1=Gandhi |first1=Kajal |last2=Narnolia |first2=Vishal |last3=Sawant |first3=Sameer |date=September 22, 2021 |title=Bajaj Finserv (BAFINS): Improving prospects of key subsidiaries to add value |url=https://www.icicidirect.com/mailimages/IDirect_BajajFinserv_CoUpdate_Sep21.pdf |access-date=31 May 2022 |website=[[ICICI Bank|ICICIDirect]] |archive-date=26 May 2022 |archive-url=https://web.archive.org/web/20220526121349/https://www.icicidirect.com/mailimages/IDirect_BajajFinserv_CoUpdate_Sep21.pdf |url-status=live }}][{{Cite web |last=Karwa |first=Atul |date=28 October 2020 |title=Initiating Coverage Bajaj Finserv Ltd. |url=https://www.hdfcsec.com/hsl.research.pdf/Bajaj%20Finserv%20-%20Initiating%20Coverage%20-%20281020.pdf |access-date=31 May 2022 |website=[[HDFC securities]] |archive-date=17 June 2022 |archive-url=https://web.archive.org/web/20220617172058/https://www.hdfcsec.com/hsl.research.pdf/Bajaj%20Finserv%20-%20Initiating%20Coverage%20-%20281020.pdf |url-status=live }}] and the mutual fund business (Bajaj Finserv Mutual Funds).[{{Cite news |date=2023-06-06 |title=Bajaj Finserv Mutual Fund launched |work=The Economic Times |url=https://economictimes.indiatimes.com/mf/mf-news/bajaj-finserv-mutual-fund-launched/articleshow/100786766.cms |access-date=2023-06-28 |issn=0013-0389 |archive-date=13 June 2023 |archive-url=https://web.archive.org/web/20230613091142/https://economictimes.indiatimes.com/mf/mf-news/bajaj-finserv-mutual-fund-launched/articleshow/100786766.cms |url-status=live }}][{{Cite news |date=2023-06-06 |title=Bajaj Finserv forays into mutual funds |language=en-IN |work=The Hindu |url=https://www.thehindu.com/business/bajaj-finserv-forays-into-mutual-funds/article66938561.ece |access-date=2023-06-28 |issn=0971-751X |archive-date=13 June 2023 |archive-url=https://web.archive.org/web/20230613055831/https://www.thehindu.com/business/bajaj-finserv-forays-into-mutual-funds/article66938561.ece |url-status=live }}] |
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The financial services and wind energy businesses were transferred to Bajaj Finserv Limited (BFL) as part of the concluded demerger from [[Bajaj Auto|Bajaj Auto Limited]], approved by the High Court of Judicature at [[Bombay]] by its order dated 18 December 2007.[[http://articles.economictimes.indiatimes.com/2007-08-18/news/27675728_1_demerger-scheme-bajaj-holdings-bajaj-auto "Bajaj Auto demerger approved"] {{Webarchive|url=https://web.archive.org/web/20141217035850/http://articles.economictimes.indiatimes.com/2007-08-18/news/27675728_1_demerger-scheme-bajaj-holdings-bajaj-auto |date=17 December 2014 }} ''The Economic Times''. Retrieved 2014-11-03.][{{Cite book |last=Saraogi |first=Rahul |url=https://books.google.com/books?id=HMMiAwAAQBAJ&dq=Bajaj+Finserv&pg=PA122 |title=Investing in India, + Website: A Value Investor's Guide to the Biggest Untapped Opportunity in the World |date=2014-04-21 |publisher=John Wiley & Sons |isbn=978-1-118-75609-6 |language=en |access-date=27 May 2023 |archive-date=12 May 2024 |archive-url=https://web.archive.org/web/20240512043310/https://books.google.com/books?id=HMMiAwAAQBAJ&dq=Bajaj+Finserv&pg=PA122 |url-status=live }}] It is a financial conglomerate with stakes in the financing sector (Bajaj Finance),[{{Cite web |last=Chatterjee |first=Sinjinee |date=2018 |title=To evaluate the perception of the parent brand Bajaj vis-à-vis Bajaj Finserv |url=http://tapmi.informaticsglobal.com/617/ |access-date=2022-08-31 |website=tapmi.informaticsglobal.com |language=en |archive-date=31 August 2022 |archive-url=https://web.archive.org/web/20220831164253/http://tapmi.informaticsglobal.com/617/ |url-status=live }}][[http://www.business-standard.com/article/companies/bajaj-finserv-s-q1-consolidated-net-profit-rises-14-114071600994_1.html "Bajaj Finserv's Q1 consolidated net profit rises 14%"] {{Webarchive|url=https://web.archive.org/web/20141104070358/http://www.business-standard.com/article/companies/bajaj-finserv-s-q1-consolidated-net-profit-rises-14-114071600994_1.html |date=4 November 2014 }} ''Business Standard''. Retrieved 2014-11-03.] the life insurance business (Bajaj Life Insurance), the general insurance business (Bajaj General Insurance),[{{Cite web |last1=Gandhi |first1=Kajal |last2=Narnolia |first2=Vishal |last3=Sawant |first3=Sameer |date=September 22, 2021 |title=Bajaj Finserv (BAFINS): Improving prospects of key subsidiaries to add value |url=https://www.icicidirect.com/mailimages/IDirect_BajajFinserv_CoUpdate_Sep21.pdf |access-date=31 May 2022 |website=[[ICICI Bank|ICICIDirect]] |archive-date=26 May 2022 |archive-url=https://web.archive.org/web/20220526121349/https://www.icicidirect.com/mailimages/IDirect_BajajFinserv_CoUpdate_Sep21.pdf |url-status=live }}][{{Cite web |last=Karwa |first=Atul |date=28 October 2020 |title=Initiating Coverage Bajaj Finserv Ltd. |url=https://www.hdfcsec.com/hsl.research.pdf/Bajaj%20Finserv%20-%20Initiating%20Coverage%20-%20281020.pdf |access-date=31 May 2022 |website=[[HDFC securities]] |archive-date=17 June 2022 |archive-url=https://web.archive.org/web/20220617172058/https://www.hdfcsec.com/hsl.research.pdf/Bajaj%20Finserv%20-%20Initiating%20Coverage%20-%20281020.pdf |url-status=live }}] and the mutual fund business (Bajaj Finserv Mutual Funds).[{{Cite news |date=2023-06-06 |title=Bajaj Finserv Mutual Fund launched |work=The Economic Times |url=https://economictimes.indiatimes.com/mf/mf-news/bajaj-finserv-mutual-fund-launched/articleshow/100786766.cms |access-date=2023-06-28 |issn=0013-0389 |archive-date=13 June 2023 |archive-url=https://web.archive.org/web/20230613091142/https://economictimes.indiatimes.com/mf/mf-news/bajaj-finserv-mutual-fund-launched/articleshow/100786766.cms |url-status=live }}][{{Cite news |date=2023-06-06 |title=Bajaj Finserv forays into mutual funds |language=en-IN |work=The Hindu |url=https://www.thehindu.com/business/bajaj-finserv-forays-into-mutual-funds/article66938561.ece |access-date=2023-06-28 |issn=0971-751X |archive-date=13 June 2023 |archive-url=https://web.archive.org/web/20230613055831/https://www.thehindu.com/business/bajaj-finserv-forays-into-mutual-funds/article66938561.ece |url-status=live }}] |
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Bajaj Holdings and Investments Limited (BHIL) came into existence when the original company separated its auto and finance assets. This new entity, BHIL is the parent company which holds 39.29% stake in Bajaj Finserv[{{Cite news |title=Bajaj Holdings & Investment Ltd. |work=Business Standard India |url=https://www.business-standard.com/company/bajaj-holdings-50/information/company-history |access-date=2022-10-09]}} and now holds surplus cash and investments with the purpose of providing financial support to the auto and/or finance business or exploring fresh business prospects. The BHIL has been registered as a [[NBFC & MFI in India|Non–Banking Financial Company (NBFC)]] under the Registration No. N–13.01952 dated 29 October 2009 with [[Reserve Bank of India]] (RBI).[{{Cite web|url=https://www.bajajauto.com/bhil/index.html|title=Bajaj Holdings and Investment Ltd.|website=bajajauto.com|access-date=2019-01-21|archive-date=16 January 2019|archive-url=https://web.archive.org/web/20190116115133/https://www.bajajauto.com/bhil/index.html|url-status=live}}] |
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Bajaj Holdings and Investments Limited (BHIL) came into existence when the original company separated its auto and finance assets. This new entity, BHIL is the parent company which holds 39.29% stake in Bajaj Finserv.[{{Cite news |title=Bajaj Holdings & Investment Ltd. |work=Business Standard India |url=https://www.business-standard.com/company/bajaj-holdings-50/information/company-history |access-date=2022-10-09}}] |
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Starting in 2017, Bajaj Finserv adopted [[blockchain technology]] for services like travel insurance, allowing claim resolution before customer registration.[{{Cite news |date=2017-11-04 |title=Indian cos using blockchain technology to better services |work=The Times of India |url=https://timesofindia.indiatimes.com/business/india-business/indian-cos-using-blockchain-technology-to-better-services/articleshow/61509314.cms |access-date=2023-08-30 |issn=0971-8257}}] By 2023, they had extended blockchain's utility to enhance trader and customer connections.[{{Cite book |last1=Raj |first1=Arman |last2=Kumar |first2=Avneesh |last3=Sharma |first3=Vandana |last4=Rani |first4=Seema |last5=Shanu |first5=Ankit Kumar |title=2023 4th International Conference on Intelligent Engineering and Management (ICIEM) |chapter=Enhancing Security Feature in Financial Transactions using Multichain Based Blockchain Technology |date=May 2023 |pages=1–6 |doi=10.1109/ICIEM59379.2023.10166589|isbn=979-8-3503-4112-6 |s2cid=259339118 }}] |
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Starting in 2017, Bajaj Finserv adopted [[blockchain technology]] for services like travel insurance, allowing claim resolution before customer registration.[{{Cite news |date=2017-11-04 |title=Indian cos using blockchain technology to better services |work=The Times of India |url=https://timesofindia.indiatimes.com/business/india-business/indian-cos-using-blockchain-technology-to-better-services/articleshow/61509314.cms |access-date=2023-08-30 |issn=0971-8257}}] By 2023, they had extended blockchain's utility to enhance trader and customer connections.[{{Cite book |last1=Raj |first1=Arman |last2=Kumar |first2=Avneesh |last3=Sharma |first3=Vandana |last4=Rani |first4=Seema |last5=Shanu |first5=Ankit Kumar |title=2023 4th International Conference on Intelligent Engineering and Management (ICIEM) |chapter=Enhancing Security Feature in Financial Transactions using Multichain Based Blockchain Technology |date=May 2023 |pages=1–6 |doi=10.1109/ICIEM59379.2023.10166589|isbn=979-8-3503-4112-6 |s2cid=259339118 }}] |
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