Bajaj Finserv commits Rs 5K cr investment in Maharashtra

Mumbai, June 05 Bajaj Finserv Ltd., one of India’s leading and most diversified financial services groups, today signed a Memorandum of Understanding

(MoU) with the Government of Maharashtra, to develop a Rss 5000 crore project in Pune, one of the largest financial services investments in the country.

The MoU was signed by Harshdeep Kamble, Industry Secretary, Government of Maharashtra and S Sreenivasan, Chief Financial Officer, Bajaj Finserv, in the presence of Shri Devendra Fadnavis, Hon’ble Deputy Chief Minister of Maharashtra and Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv.

Speaking on the occasion, Shri Devendra Fadnavis, Deputy Chief Minister of Maharashtra, said, “We welcome the investment that Bajaj Finserv is making in the state of Maharashtra. We are proud of Bajaj group’s association with Maharashtra and will provide all the necessary support for the development of this project.”

Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv, said, “We believe that growth should not come at the cost of environment. Thus, in line with our ESG focus, the project is planned as a sustainable development one that meets the highest global standards of certifications with green solutions and a net-zero approach. We thank the government of Maharashtra for the continued support to our Group. Pune is and will continue to be a significant part of Bajaj Finserv’s growth journey.”

The Bajaj Finserv Campus is planned as an iconic landmark in Pune and will house Bajaj Finserv's world-class workspaces. The project is expected to create 40,000 jobs and continue to develop Pune as a financial centre. Work on the project will commence in 2023 and envisions state-of-the-art connectivity and facilities for business.

The development will have a positive impact, both socially and economically, as it will create new jobs and business opportunities for partners, vendors, suppliers and contractors in and around Pune, as well as globally.

Bajaj Finserv's group entities include Bajaj Finance, Bajaj Allianz Life Insurance, Bajaj Allianz General Insurance, Bajaj Housing Finance, Bajaj Financial Securities, Bajaj Ventures, Bajaj Finserv Asset Management, Bajaj Finserv Health and Bajaj Finserv Markets.

Headquartered in Pune, Bajaj Finserv Group serves over 100 million customers through 4,500+ locations across India and has so far touched 2 million lives through its social impact programmes.

Its diversified portfolio helps meet an individual's financial needs and build financial resilience through solutions such as savings products, consumer and commercial loans, mortgages, auto financing, securities brokerage services, general and life insurance, and investments.

The Bajaj Finserv Group employs almost 70,000 people across India, of which a significant number is based in its home city. Set up 16 years ago by Rahul Bajaj, Bajaj Finserv has been an active participant in Pune’s socio-economic growth and contributed to India’s financial services industry through innovation in consumer lending, digital lending, while also enabling financial inclusion for sections of India's population who had hitherto no access to formal credit.

Bajaj Finserv’s social impact programmes have been life-transformative and aimed at solving the most pressing issues of communities. So far, Bajaj Finserv has touched over 2 million lives in the areas of health, education, protection, skilling and inclusion for people with disability (PwD). Its programmes are focused especially on driving equitable and inclusive opportunities for children and youth; a significant number of such initiatives being in Pune and spread across other areas of Maharashtra.

Bajaj Finserv is part of the larger Bajaj group born in Wardha, Maharashtra, over a 100 years ago, which has remained steadfast in its commitment to the growth of India and the state of Maharashtra, in the footsteps of its founders, Jamnalal Bajaj and Kamalnayan Bajaj, who were part of our country's freedom struggle.