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Bajaj Allianz Life Insurance is a joint venture between Bajaj Finserv and Allianz SE. [29] It offers insurance products for financial planning and security. [ 30 ] The company received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 3 August 2001 to conduct life insurance business in India. [ 31 ]
Bajaj Group is an Indian multinational conglomerate founded by Jamnalal Bajaj in Mumbai in 1926. [2] [3] The group comprises 40 companies and its flagship company Bajaj Auto is ranked as the world's fourth largest two- and three-wheeler manufacturer. [4]
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Bajaj Finance Limited (BFL) is a deposit-taking Indian non-banking financial company headquartered in Pune. [6] [7] It has a customer base of 88.11 million [8] and holds assets under management worth ₹ 354,192 crore (US$41 billion), as of June 2024.
Bajaj manufactures and sells motorcycles, scooters, auto-rickshaws and cars. [22] As of 2004, Bajaj Auto was India's largest exporter of motorcycles. [23] Bajaj is the first Indian two-wheeler manufacturer to deliver 4-stroke commuter motorcycles with sporty performance for the Indian market.
After Bajaj Auto's demerger in 2007, Bajaj took charge as the managing director of Bajaj Finserv. [19] [20] Also, he took on additional roles like the chairman of Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance, vice chairman of Bajaj Finance, and managing director of Bajaj Holdings & Investment Limited in 2012. [21]
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The Bajaj Group is involved in industries such as sugar, consumer goods, power generation, and infrastructure development. In 1953, Kamalnayan Bajaj established Bajaj Sevashram to market and sell hair oils and other beauty products. [5] Bajaj Consumer Care Ltd. is the third-largest player in India's hair oils production, including light hair oil.