Bajaj Finance enters life care financing segment

Shares of Bajaj Finance went up by nearly 4 per cent today as the company is entering the Rs 20,000-crore life care segment.

Bajaj Finance is entering the Rs 20,000-crore life care segment under which it will finance expenses for stem cells storage units, cosmetics-based hair treatment, dental and eye care, IVF & maternity care, laproscopic cure for a dozen ailments, and elective medical/paramedical care for many other issues.

The Pune-based company, which claims to be the first to enter this segment in the country, expects to net around Rs 1,000 crore in sales over the next five years from this business hoping to an encore of the massive demand for such segmental funding in the Western markets where life care segment is a booming business.


Extra info:
  • The company through its joint ventures and subsidiaries employs over 20,000 employees and has established a nationwide presence across over 1400 locations. The company is currently engaged in consumer finance businesses, life insurance, and general insurance and has plans to expand its business by offering a wide array of financial products and services in India.[6] Apart from financial services, Bajaj Finserv is also active in wind–energy generation.
  • Chairman of Bajaj Finance is the Shri Rahul Bajaj.

So lets do:

  • Who is the Chairman of Bajaj Finance?
  • Which Finance firm enters in life care financing segment?

    Sourece – The Hindu

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