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Company Information

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BAJAJ HOUSING FINANCE LTD.

28 January 2025 | 12:00

Industry >> Finance - Housing

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ISIN No INE377Y01014 BSE Code / NSE Code 544252 / BAJAJHFL Book Value (Rs.) 22.56 Face Value 10.00
Bookclosure 52Week High 189 EPS 2.08 P/E 53.49
Market Cap. 92575.68 Cr. 52Week Low 103 P/BV / Div Yield (%) 4.93 / 0.00 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
Our Company was originally incorporated as `Bajaj Financial Solutions Limited' at Pune, Maharashtra as a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated June 13, 2008, issued by the Registrar of Companies, Maharashtra, at Pune ("RoC") and was granted its certificate for commencement of business on September 24, 2008 by the RoC. Thereafter, the name of our Company was changed to `Bajaj Housing Finance Limited' with a fresh certificate of incorporation dated November 14, 2014 issued by the Assistant Registrar of Companies, Pune.

Our Company has been granted a certificate of registration dated September 24, 2015 bearing registration number 09.0127.15 by the NHB to commence/carry on the business of a housing finance institution without accepting public deposits. Further, our Company was specified as a `financial institution' by the Ministry of Finance, by notification dated December 18, 2015 for the purpose of the SARFAESI Act. Pursuant to Reserve Bank of India's press release dated September 30, 2022, we have been categorised as NBFC-Upper Layer as per the Master Direction - Reserve Bank of India (Non-Banking Financial Company - Scale Based Regulation) Directions, 2023.

Major Events and Milestones:
2018
 Our Company commenced lending operations with a focus on salaried home loans

2019
 The total value of assets under our management reached ?150,000 million
 We adopted a hub-based model for underwriting salaried credit
 We raised ?20,000 million through two rounds of fund-raising by way of rights issue

2020
 The total value of assets under our management reached ?300,000 million
 We raised ?15,000 million by way of rights issue

2021
 We began offering repo rate-linked home loans
 We began intermediary sourcing for retail products
 We developed B2C mobility app for digital sourcing

2022
 The total value of assets under our management reached ?500,000 million
 We introduced the `e-home loan sanction' functionality

2023
 We were classified as an "NBFC-Upper Layer" by the RBI
 We introduced `e-agreement' functionality

2024
 The total value of assets under our management reached ?910,000 million
 We launched facility for online onboarding of customers
 We expanded our operations to focus on self-employed home loans
 We launched "Sambhav Home Loans" product in the affordable home loan segment.