Bajaj Finserv

IIM Calcutta - Job Description Form | Summers 2019
Name of the company

BAJAJ FINSERV LIMITED
Bajaj Finserv is one of the fastest growing financial services
conglomerates in India. Formed in April 2007 as a result of its
demerger from Bajaj Auto Limited to further the Bajaj Group’s
interests in financial services, Bajaj Finserv today independently runs
the core businesses of Lending, Insurance and Wealth Advisory.
While the lending and investment arm is an 100% subsidiary of Bajaj
Finserv, the two insurance companies are joint ventures with Allianz
SE, Germany. Bajaj Finserv is the majority partner in the JV and the
two companies individually manage operations in general and life
insurance space.
Bajaj Finance Limited is one of the fastest growing non-banks in India

and is also among the 30 largest companies in India, by market cap.
A Nifty 50 company, Bajaj Finance Ltd has a highly diversified
portfolio with more than 30 product lines across categories. The
company is one of the largest players in the burgeoning consumer
finance segment in India and a pioneer in introducing interest free
EMI finance options in more than 50 categories, ranging from
consumer durables to lifestyle products to groceries. Apart from
consumer finance, the company also has substantial business
penetration in SME, commercial and rural lending. The company also
has the highest credit ratings from all rating agencies for its deposit
schemes. Innovation, technology & analytics are bedrocks of Bajaj
Finance’s business model. The company, for the last 4 years, has
been ranked by the Great Places to Work Institute (GPTW) as the
2nd Best Financial Services Company to Work for India. It is currently
Company profile ranked the 16th Best Place to Work for, across industries
Bajaj Allianz General Insurance (BAGIC) is a composite insurer

offering various types of general insurance including motor, marine,
health and various forms of corporate insurance. A joint venture of
two large conglomerates - Bajaj Finserv and Allianz SE – the
company has over 200 years of combined parentage. BAGIC is the
only General Insurance Company in India to make underwriting
profits. BAGIC caters to individuals across demographics of the
country and the corporate sector with its wide range of products as
well as services that go beyond insurance. BAGIC has set pace with
its innovative product and service offerings to be the trendsetter in
this ever-evolving market. By being the first insurance company to
issue policies online, BAGIC ushered an era of digitization in the
Indian insurance industry.
Bajaj Allianz Life Insurance (BALIC) is amongst India’s leading life

insurance companies focussed on helping customers manage the
risk of uncertainties, secure dreams and protect interest of loved
ones by facilitating them to make adequate savings and protection
decisions for future through some of our best-in-class insurance
products. The company is proactively transforming itself to provide
better products, solutions and services to ensure superior risk
adjusted returns and fastest claim settlement. BALIC is an innovation
leader in the industry and currently is the most profitable life
insurance player. It has covered over 5.97 crore lives. It has received
highest rating for its claim paying ability by leading credit rating
agencies.
As seen by market trends and the customer needs, there is visible

shift of customers adopting products and services in the digital
medium. Sensing opportunity, Bajaj Finserv launched an
independent entity offering all Group Company products, to service
the lifecycle needs of its customers under a single ‘Digital
Marketplace’ – Bajaj Finserv Direct Limited (BFDL), with a set of
guiding principles:
 Create tailored propositions/products basis customer needs and
behaviours in digital space across Lending, Insurance and
Investment landscape
 Build on deep knowledge built over time through Group
relationship
 Operate as efficiently as if it were being run independently in
each company
 Builds the model of the future to compete with non-traditional
competitors
 Create a best in class Technology-Analytics driven company
Bajaj Housing Finance Limited, a 100% subsidiary of Bajaj Finance

Limited is carved out as an independent organization with its own
management team, to expand its horizons in the mortgages
business. At present BHFL offers Home Loans for Small Medium
Enterprises (SMEs) and salaried customers and Loan against
Property to SME customers. The company has branches in the top
42 cities of the country. The company enjoys the highest long-term
credit rating of “AAA (Stable)” by CRISIL and “IND AAA (Stable)” by
India Ratings and also the highest short-term credit rating of CRISIL
“A1+ by CRISIL” and “IND A1+” by India Ratings.
Summer internship program called (Group Young Leaders Internship

Program) is designed to provide first year MBA students a learning
opportunity while delivering on a project at one of the fastest growing
organization in the sector. It is a high intensity program driven by
senior leadership of the organization with an aim of identifying talent
pool to become part of our GYLP program.
Key Elements of 2 months internship program –
Crisp Induction:
Interns will undergo a week-long induction program aimed at
understanding our group companies, our businesses and about our
Profiles offered culture
Internship Project:
GYLP interns will be mapped to senior leaders from our COE (Centre
of Excellence) and PMO (Project Management Office) teams. They
will get an opportunity to work with teams on high impact projects
with tangible deliverables. Most of these projects will be part of new
development aligned to the Long-Range Plan or projects essential to
enhance overall business performance.
Job Description
(Role Expectations etc.)
Pune
Location
Stipend per month

(Kindly specify if pro-rata)
1 Lacs per month
Other provisions
No accommodation only travel to Pune will be provided
(Travel, lodging, etc.)
CV screening + GD + PI
Selection process

Bajaj Finserv

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IIM Calcutta - Job Description Form | Summers 2019

Name of the company

Bajaj Finance Limited is one of the fastest growing non-banks in India

Bajaj Allianz General Insurance (BAGIC) is a composite insurer

Bajaj Allianz Life Insurance (BALIC) is amongst India’s leading life

As seen by market trends and the customer needs, there is visible

Bajaj Housing Finance Limited, a 100% subsidiary of Bajaj Finance

Summer internship program called (Group Young Leaders Internship

Key Elements of 2 months internship program –

Stipend per month

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