Bajaj Finserv into wealth management

Briefing reporters, Bajaj Finserv Managing Director Sanjiv Bajaj said, “to begin with, it will launch the wealth management business in five cities and in a year’s time it will double its presence across the country.” 

Further he said, it aims to be the financial planner to an average Indian consumer to meet his financial needs from time to time. The company also said it has launched construction equipment financing in 16 locations and retail loan against securities businesses from the month of April.

Bajaj pointed out construction equipment industry size is currently estimated at about Rs 15,000 crore, where banks along with select NBFC’s are key players.

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