Bajaj Finserv - Covid-19 Update and Business Continuity Plan slide image

Bajaj Finserv - Covid-19 Update and Business Continuity Plan

Bajaj Group Structure Bajaj Holdings & Investment Limited (BHIL) 51% 33.43%@ Maharashtra Scooter 39.16%@ Limited Bajaj Auto Limited Bajaj Finserv Limited B BAJAJ FINSERV 52.82%@ Bajaj Finance Limited . Set up in 1987: BFL is a 33 year old company. Diversified across lending (consumer, rural, SME, commercial & mortgage space) and payments Included in NIFTY 50 Index Credit rating - AAA/Stable by CRISIL, India Ratings, CARE Ratings and ICRA Credit rating for short term debt program is A1+ by CRISIL, ICRA & India Ratings Investment grade long term issuer credit rating of BB+/Stable and short term rating of B by S&P Global Ratings 74% Bajaj Allianz General Insurance Company Limited# • Established in 2001 post opening of market for private players • 2nd largest private General insurer in India in terms of Gross Premium • Consistently most profitable amongst the private players. ROE of 18.5% in FY20 •Combined ratio of 100.8% for FY20 and 97.6% for Q1 FY21 • Offers a wide range of products across retail & corporate segments Recognized in the market for claims servicing 74% Bajaj Allianz Life Insurance Company Limited # • Established in 2001 post opening of market for private players • Among the top private sector Life insurers in India on new business Deep, pan India distribution reach • Diversified distribution mix - agency, bancassurance, proprietary sales force, alternate channels, direct etc •AUM of 610 BN as on 30 June 20 .Net worth of 101 BN as on 30 June 2020 •Solvency ratio of 760% 100% Bajaj Housing Finance Limited# 100% Bajaj Financial Securities Limited# BFS shareholding in BFL was 52.82% as on 31 Mar 2020. BHFL is a 100% subsidiary of BFL which became fully operational in Feb 2018. Bajaj Financial Securities Limited is 100% subsidiary of BFL which became fully operational in Aug 2019 Note: Shareholding is as of 30 Jun 2020. Only major subsidiaries shown in this chart | # - Not Listed, @- Represents direct holding 2
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