Bajaj Finserv Ltd. (BFSL) came into existence on April 30, 2007 on account of the demerger of the financial business of Bajaj Auto Ltd. BFSL is a financial service holding company and currently operates with its subsidiaries—Bajaj Allianz Life Insurance Company (BALIC), Bajaj Allianz General Insurance Company (BAGIC), Bajaj Auto Finance Ltd (BAFL) & Bajaj Financial Solutions Ltd. BAFL is focused on retail customers. The main product lines of BAFL are auto loans for Bajaj vehicles, loans for consumer durables, computers etc. & personal loans. Bajaj Financial Solutions Ltd. is responsible for the distribution of company’s products. The company is also in the wind energy generation business. It operates 138 windmills in Maharashtra with an installed capacity of 65.2 MW.
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