| 1964 :-
Bajaj Capital sets up its first 'Investment Centre' in New Delhi
to guide individual investors on where, when & how to invest.
India's first Mutual Fund, Unit Trust(UTI) of India is incorporated
in the same year. |
1965:- Bajaj
Capital is incorporated as a company and in the same year innovates
a new financial instrument ‘Companies Fixed Deposits’. EIL Ltd.
(Oberoi Hotels, then known as Associated Hotels of India Ltd.)
becomes the first company to raise Fixed Deposits. |
| 1966:-
Bajaj Capital expands its product range & includes all UTI
schemes and Government saving schemes in addition to Company
Fixed Deposits. |
1969:-
Bajaj Capital manages its first Equity issue (through associate
company) of Grauer & Weil India Ltd. right from drafting of
prospectus to marketing of issue. |
| 1975:-
Bajaj Capital starts offering ‘need based’ investment advice to
investors which would later be christened as ‘Financial Planning’
in the investment world. |
1981:-
SAIL becomes the first government company to accept deposits,
later followed by IOC, BHEL BPCL, HPCL & others. Thus opening
floodgates for growth of retail investment market in India. Bajaj
Capital plays an active role in all the schemes as ‘Principal
Brokers’. |
| 1986:-
Public Sector Undertakings (PSU’s) start making Public issues
of Bonds-MTNL, NHPC, IRFC offer a series of Bond Issues. Bajaj
Capital tops ranking in most of them. |
1987:-
Launch of Public Sector Mutual Funds in India led by SBI. Bajaj
Capital plays a significant role in fund mobilisation for all
these
players. |
| 1991:-
SBI issues ‘India Development Bonds’ for NRIs. Bajaj Capital becomes
the top mobiliser with collections over US $ 20 million. |
1993:-
Launch of first Private Sector Mutual Fund- Kothari Pioneer followed
by Birla & Alliance in the following years. Bajaj
Capital plays an active role and ranked among top mobilisers
for all these schemes. |
| 1995:-
IDBI & ICICI start issuing their series of Bonds for retail
investors. Bajaj Capital is Co-manager in all these offerings
& rank constantly among top 5 mobilisers, on all India basis. |
1997:-
Private sector players lead 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. |
| 1999:-
Bajaj Capital starts marketing Life & General Insurance Products
of LIC & GIC (through associate firm) in anticipation of opening
up of the Insurance Sector. Bajaj Capital achieves milestone
of becoming top ‘Pension Scheme’ seller in India & launches
marketing of Health insurance schemes of GIC. |
2000 &Beyond:-
As a 'One stop Financial Supermarket' Bajaj Capital offers all
Financial products including the full range of Investment and
Insurance products. Bajaj Capital offers ‘Full service’ Merchant
Banking including structuring, management & marketing
of Capital Issues. Bajaj Capital reinvents ‘Financial Planning’
in its international sense & equips its full team of Investment
Experts ‘as Financial Planners’. |
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