Bajaj Capital Group – Journey so far
Bajaj Capital is among the pioneers in investment services industry in India. For nearly five decades now, Bajaj Capital has been serving Indian investors realizing their aspirations by helping them create wealth and giving shape to the vision of its founder-chairman, Mr. K.K. Bajaj.
Bajaj Capital has contributed to the growth of the Indian Capital Market at every step. In 1965, we were the first to innovate the Companies Fixed Deposit. Today, we are playing an active role in the growth of the Indian Mutual Fund industry.
Here is a glimpse of our journey through the years.
Bajaj Capital sets up its first Investment Centre® in New Delhi to guide individual investors on where, when and how to invest.
India's first Mutual Fund, Unit Trust of India (UTI) was incorporated in the same year.
Bajaj Capital is incorporated as a Company. In the same year, the company introduces an innovative financial instrument – the Company Fixed Deposit. EIL Ltd. (Oberoi Hotels, then known as Associated Hotels of India Ltd.) becomes the first company to raise resources through Company Fixed Deposits.
Bajaj Capital expands its product range to include all UTI schemes and Government Saving Schemes in addition to Company Fixed Deposits.
Bajaj Capital manages its first Equity issue (through an associate company) of Grauer & Wells India Ltd.; right from drafting the prospectus to marketing the issue.
Bajaj Capital starts offering 'need-based' investment solutions to its clients, which today is popularly known as 'Financial Planning' in the investment world.
SAIL becomes the first Government Company to accept public deposits, followed by IOC, BHEL, BPCL, HPCL and others; thus opening the floodgates for growth of retail investment market in India.
Bajaj Capital plays an active role in all the schemes as 'Principal Brokers'
Public Sector Undertakings (PSUs) begin making public issues of bonds. MTNL, NHPC, IRFC offer a series of Bond Issues. Bajaj Capital is among the top ranks of resource mobilisers.
SBI leads the launch of Public Sector Mutual Funds in India. Bajaj Capital plays a significant role in fund mobilisation for all these players.
SBI issues India Development Bonds for NRIs. Bajaj Capital becomes the top mobiliser with collections of over US $20 million.
The first private sector Mutual Fund – Kothari Pioneer – is launched, followed by Birla and Alliance in the following years. Bajaj Capital plays an active role and is ranked among the top mobilisers for all their schemes.
IDBI and ICICI begin issuing their series of Bonds for retail investors. Bajaj Capital is the co-manager in all these offerings and consistently ranked among the top five mobilisers on an all-India basis.
Private sector players lead the revival of Mutual Funds in India through Open-ended Debt schemes. Bajaj Capital consolidates its position as India's largest retail distributor of Mutual Funds.
Bajaj Capital begins marketing Life and General Insurance products of LIC and GIC (through associate firms) in anticipation of opening up of the Insurance Sector. Bajaj Capital achieves the milestone of becoming the top 'Pension Scheme' seller in India and launches marketing of GIC's Health Insurance schemes.
Bajaj Capital implements its vision of being a 'One-stop Financial Supermarket.' The Company offered all kinds of financial products, through its Investment Centers. Bajaj Capital offers 'full-service merchant banking' including structuring, management and marketing of Capital issues. Bajaj Capital reinvents 'Financial Planning' in its international sense and upgrades its entire team of Investment Experts into Financial Planners.
The Company focuses on creating investor awareness for proper Financial Planning and need-based investing. To achieve this goal, the International College of Financial Planning, was set up to impart education in Financial Planning. The graduates of this institute become Certified Financial Planners (CFPs), a coveted professional qualification.
Bajaj Capital obtains the All India Insurance Broking Licence. Simultaneously, a series of wealth creation seminars are launched all over the country, making Bajaj Capital a household name.
Bajaj Capital launches its software-based programme aimed at encouraging scientific and holistic investing.
Bajaj Capital launches Stock Broking and Depository (Demat) Services (in one of its group company).
Bajaj Capital launches Just Trade®, an online Platform for investing in Equities, Mutual Funds, IPO's