2.INTRODUCTION The lifestyle of people across the world is developing rapidly. As there is a growing concern for people about the lifestyle and way of living, the scope for the microfinance industry is also at a growing pace. A large number of people across the world prefer finance for the purpose of purchase of consumer durables as well as lifestyle products. As the credit card EMI options are more expensive, people prefer NBFCs for the purpose of consumer durable loans. The project done in bajaj finserv explains the role of NBFCs in the consumer durable loans and the procedure undertaken in order to disburse the consumer durable loans.
2.1 INDUSTRY OVERVIEW The companies that provide financial service to the commercial as well
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In the early stage, Bajaj Auto Finance was promoted by Bajaj Auto and Bajaj Auto Holdings. The groups flagship company, Bajaj auto is the fourth largest two wheeler and three wheeler manufacturers in the world. Bajaj Auto Holdings basically was an investment company. Later in 2010 the company was renamed as Bajaj Finance Limited. Bajaj Finserv is a part of Bajaj Holdings and investment LTD. Bajaj Finserv is an Indian financial service company which focus on asset management, lending, insurance and wealth management. The company now employs over 20000 employees and have a nationwide presence with 1400 branches across the country. Currently, the company is engaged in consumer finance business, general insurance and life insurance businesses. The organisation also focuses on providing various financial services across the country in the future. Apart from the financial services, the company is also active in wind energy …show more content…
He has a rich experience over 20 years in distributing Financial Services and consumer durables. He has joined Bajaj from American Express, were he worked in various positions in their personal loans and consumer card business for over 9 years. He deals with the unsecured business and personal loans of Bajaj Finserv Lending. Ashish Panchal is the Business Head in Credit Cards of Bajaj Finserv Lending. He has got a rich experience of 13 years and varied work experience across manufacturing, FMCG and Retail Banking in large multi- national organisations across credit cards, secured and unsecured assets as well as liabilities. He joined the company from Barclays and would be responsible for launching credit card business. Devang Mody is the Business Head of Sales Finance in Bajaj Finserv Lending. He is a chartered accountant by profession and brings in a rich experience of 15 years of experience in consulting and financial services. He has joined Bajaj Finserv Lending from AIG, where he worked as Vice President – Business Development and CRM for the consumer finance business. He has worked with GE money for around 8 years before
...th a growing proportion of elderly people. Global market dynamics and innovations in big data and social networking are transforming the business strategies of companies everywhere—and forcing them to rethink fundamental rules of engagement. For better or worse, the future entrepreneurs will have to surface as one the most disruptive forces. As big data pushes for alternative ways of working – proactive solutions that drive information must quickly figure out which new policies and tools can be utilized most effectively. This grants enormous opportunities for key technological breakthroughs that will be needed for the next generation of transport.
After the HS Holdings incident when James contacted Ashok in India, then only he came to know about the reasons behind those low ratings. He realised that the meeting times were not perfectly suitable for the India...
This essay will analyse Tata Motor Company and its motive for internationalization and include the background information on the company then it will go on to consider the definition of theories as well as applying them to the Company. The paper will focus on theories which are Dunning Eclectic paradigm; Learning Theories and Porter Diamond .Tata Motors Company is one of the largest automobile companies in India with a 42 billion organization. Further the product range of automobiles, information and technology is varied and covers almost all the segment of the car market as per the Tata Motors (2014).The research shows (Business Leadership Management (BLM), 2013) the motive for internationalization is due to its acquisition and its ease the
He is a Securities and Exchange Commission Authorized Dealing Clerk and Fund Manager, The Nigerian Stock Exchange Authorized Dealing Clerk. He is an Associate Chartered Stockbroker with membership number -1568. He is currently the Head of Fund/Portfolio Management in Tak Asset Management Limited. He has over 10 years’ experience in Funds/Portfolio Management and has worked with Capital Bancorp Plc. (Member of the Nigerian Stock Exchange) where He managed an asset seize of over N40 billion during his time at Capital Bancorp Ltd. He also marketed and managed the company’s Institutional (Open and Closed PFAs, Insurance companies, Thrift etc.) and HNI
It was late in the afternoon when Hesham Ezz El Arab, the current Chairman and managing director of CIB, had to make an urgent decision that will be announced in Board of Director’s annual meeting the next day. In front of him was paper work that showed the different alternatives that the board had previously negotiated in a recent meeting on which business model it must adopt to penetrate the market and reach its main mission of “consumer banking”.
Maruti Suzuki India Limited is an Indian car manufacturing company which formed an alliance with Japanese car maker Suzuki Motor Corporation. Maruti Suzuki India Limited also referred as the people’s car maker over the last thirty years, they have changed the face of the car industry in India. Maruti Suzuki India Limited first started out as Maruti Udyog Limited by nationalizing Maruti motors limited in 1981. A joint venture and license agreement was signed between Maruti udyog ...
The modern Islamic Finance industry is young, its timeline begin only a few decades ago. However, islamic finance is involving rapidly and continues to expend to serve a growing population of muslims as well as conventional.
Richman, Jen. "IndUS Business Journal." IndUS Business Journal. N.p., 08 June 2010. Web. 22 Nov. 2013.
Rhoda, with the help of FINCA, is overcoming her setbacks. She asked for a loan of 200 dollars, and she was fully funded for this loan. Rhoda reports with a smile that after joining FINCA’S Sivilanji Village Bank, she was able to obtain her first loan which she used to increase her vegetable stall’s stock. Her business and profits are gradually growing and now she is able to give financial support to her children. Her family now has three meals a day and construction of a new house has started. Rhoda stated about FINCA, “I am really grateful to FINCA, they have empowered me to independently run and expand my own business.” Rhoda intends obtaining a second loan to improve her business and complete the construction of her house.
Rakesh Jhunjhunwala is known as India’s most successful investor and trader of this era. It will quite interesting to have a look at the success story of how is made 8000 crore from Rs.5000.
Anandrathi (AR) is a one of the leading service securities firm providing the entire gamut of financial services. The firm, established in 1994 by Mr, Anand rathi, today has pan India presence as well as an international presence through offices in Dubai and Bangkok. AR provides a breadth of financial and advisory services including wealth management, Invetment banking, brokerage and distribution of equities, corporate advisory, insurance and mutual fund, commodities, structured product – all of which are supported by powerful research team. The firm’s philosophy is entirely client centric, with a clear focus on providing long term value addition to client, while maintaining the high standards of excellence, ethics
India’s automobile industry is one of the key drivers that promote the economic growth of the country. Personal vehicle ownership in India is increasing at a fast pace as a result of rapid economic growth witnessed in the last two decades. The rise in disposable income (in both rural and urban sector), presence of a wide variety of options to choose from and availability of easy finance are the main drivers of automobile sales in India. The relative popularity of the various segments of vehicles based on their size, price and usage are also undergoing sea changes. Especially in a country like India where motorized and non-motorized informal transports are a major mode of travelling (along with public transport in bigger cities), a fast-paced shift towards private motorized transport is a substantial change. The post globalization period has witnessed the footprints of global automobile majors striding towards India to tap India’s highly potential vehicle market. With manufacturers fighting to capture the biggest slice of the pie in one of the fastest growing automotive markets in the world, the Indian consumer is being offered with extravagantly larger set of vehicles in
Reliance Industries Ltd (RIL) run by Dhirubhai Ambani and Bombay Dyeing Ltd (BDL) led by Nusli Wadia
Aditya Birla Group is one of the first multinational corporations in India. Its headquarter is located in Mumbai with many others operations in different parts of the world such as in Asia (Thailand, Singapore, Myanmar, Laos, Indonesia, Philippines, China…), Europe (UK, Germany, Hungary, Italy, France, Luxembourg, Switzerland…), America (US, Brazil…). Throughout their growing, Aditya Birla have become well known in many sectors that they get involved in not only in India but also around the world. Back to the earlier day of the corporation, when it first founded, the group has focused on critical sector such as textiles and fibre, aluminum… and become one of the largest participant in those areas. Later on, in the 1960s, the company had expanded their business into cement and chemicals. Also, they expanded their business across the border of India into many other countries. This “revolution” has brought the name of the group into the international business map and become bigger than ever (Aditya Birla Group 2007). Today, ABG is a corporation with the consolidate revenue of 30bil with the affiliates in 45 countries and 60% of their revenue come from internationally and become one of the largest private company in the world (Aditya Birla Nuvo Limited, 2011).
First Challenge the expertise for strategy formulation implementation within a changing business environment. In May 1994, I was selected as a member of Task Force Team that prepare to set up HMC's own finance company. During my six-month assignment, I worked under pressured time constraints. After lots of conflicts with Ministry of Finance and Economy, we got government approval in late 1994. This opportunity provided me with valuable experience in every aspect of business and team experience. Working with the extremely qualified and professional upper management was valuable in shaping my career goals. Especially, during my business trip to Hyundai Motor Finance Company in CA, USA, the international exposure increased my confidence and desire to pursue a career in international business. After the expiration of the Task Force, I was given the option between joining the newly established Finance Company and remaining in HMC. At that time, International Finance Team(IFT) offered to work together with them. I accepted the proposal because I wanted to further expand my international exposure. Second Challenge the enhancement of the global perspective and strategic vision required to successfully compete in a globalized business setting. In January 1995, I was trasferres to IFT and took over two jobs of financing Foreign Direct Investment and Investor Relations. In march 1995, HMC was planning the biggest foreign direct investment in India ever since the failure in canada, and I, together with my two subordinates, was responsible for project. Despite the fact that only three months had passes after taking a new position. I could carry out the complicated processes on the project. partly owning to the past force team experience.