Bajaj Finance: At New Peak, Aiming Higher
Bajaj Finance’s leadership position in the niche consumer durables finance business has helped it sustain growth. Besides consumer durables, the company’s strong brand equity and business acumen are the key drivers for the growth. What’s more, the management remains confident and has forecast an assets under management (AUM) growth of about 25 per cent and net profit growth of 20 per cent for 2015-16. The company recently raised Rs 1,400 crore via qualified institutional placement, which should provide fuel for growth, including into new segments, over the next two to three years. Healthy trends in asset quality and strong execution of cross-selling its products and services to existing customers are key strengths, and will help drive profitable growth for Bajaj Finance.