Bajaj Auto Finance (BAFL), incorporated in 1987, is engaged in business of retail financing. Earlier BAFL was promoted by Bajaj Auto and Bajaj Auto Holdings. Bajaj Auto is the second largest manufacturer of two- and three-wheelers in the India. Bajaj Auto Holdings is an investment company.In 2010 Bajaj Auto Finance changed its name from Bajaj Auto Finance Ltd to BAJAJ FINANCE LTD
As per the scheme of de-merger of erstwhile Bajaj Auto, the stakes held by Bajaj Auto in BAFL were transferred to Bajaj Finserv. Currently Bajaj Auto Finance is subsidiary of Bajaj Finserv.
Today BAFL is a non-banking financial company that is registered with the Reserve Bank of India (RBI) and is authorised to accept public deposits. BAFL is engaged in the business of providing finance for two-wheelers, consumer durables, personal computers, personal loans, insurance services, etc. In FY 2007-08 the company extended its product line with the launch of IPO financing for high networth customers.
Bajaj Finance has modern infrastructure facilities with state-of-art technology which includes automated cheque handling facilities, and computerized loan accounting with on-line customer data to handle customer transactions and requests efficiently.
BAFL went public in the year 1994 and is listed on Bombay Stock Exchange and National Stock Exchange of India.
Headquartered at Pune, the company has a pan-India presence through 50 branches that includes Hyderabad, New Delhi, Chennai, Bangalore, Mumbai, Nagpur, Vijaywada, Nasik, Vishakhapattanam, Kolkata, Goa, Madurai and Pune. The company has served over 40 lakh satisfied customers across the country.
The company offers customer loans for the purchase of Pulsar, Avenger, Discover, Platina, KTM and Ninja motorcycles, and Bajaj RE three wheelers.
BAFL is amongst very few NBFCs in the India to receive FAAA rating from Credit Rating and Information Services India (CRISIL) reflecting the highest level of safety of depositors' money.
The company’s short-term debt programme has been awarded with P1+ rating from CRISIL. Its long-term debt programme has received AA+/Stable from CRISIL and LAA+ from ICRA.