Monday, June 9, 2025
Vertex Public
No Result
View All Result
  • Home
  • Business
  • Entertainment
  • Finance
  • Sports
  • Technology
  • Home
  • Business
  • Entertainment
  • Finance
  • Sports
  • Technology
No Result
View All Result
Morning News
No Result
View All Result
Home Business

Meet Atul Jain, the chief architect behind Bajaj Housing Finance’s success

News Team by News Team
September 16, 2024
in Business
0
Meet Atul Jain, the chief architect behind Bajaj Housing Finance’s success
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

READ ALSO

CyberArk greater after elevating $1.1b convertible bond

SEBI corrects ‘board notice’ to ‘engagement notice’ in IndusInd insider buying and selling order


His identify is Atul Jain, a Bajaj veteran for many years. 

The 52-year-old Jain started his profession in funding banking and capital market, working as a venture government at PNB Capital Companies Restricted and later with Prudential Capital Markets Restricted. His massive transfer was to Bajaj Group in 2002 the place he has stayed since then. 

That paid wealthy dividends in his profession graph as Jain will not be the standard MBA graduate from IIM or Harvard; he accomplished his enterprise schooling at Punjabi College, Patiala. 

Began working as a department supervisor over twenty years in the past in Lucknow for Bajaj Finance, Jain rose from the ranks to move the housing arm. Bajaj Finance is making headlines with its Rs 6,560 crore IPO, which has set a brand new report with oversubscriptions reaching Rs 3.24 lakh crore in bids. The cash from IPO might be used for natural progress. 

The largest problem within the lending enterprise is sustaining sturdy collections and protecting NPAs low. Jain efficiently led the event of a best-in-class low-ticket collections mannequin throughout the BFSI business. By implementing a field-centric strategy, he was in a position to considerably scale back losses and enhance total efficiency.

Jain comes with over three many years of expertise within the non-banking area. The truth is, he’s keen about constructing organisations from scratch. That is the rationale he was introduced in from Bajaj’s finance to housing arm some six years in the past. Within the final six years, he has been the person executing the housing arm’s technique and its CEO and MD. 

Atul has performed a key function in spearheading the corporate’s important asset progress since its inception. Over the previous three years, the corporate has achieved compound annual progress fee (CAGR) of 31 per cent in belongings underneath administration (AUM). The corporate has reported a internet revenue of Rs 1,731 crore for FY24, marking a 38 per cent year-on-year improve, whereas internet earnings grew by 34 per cent to Rs 7,618 crore throughout the identical interval

Underneath Atul’s management, Bajaj Housing Finance emerged as one of many high non-public mortgage participant amongst HFCs in India.

Bajaj Finserv chairman, Sanjiv Bajaj, just lately stated that the Group is constructing the ‘HDFC of the longer term’ by means of Bajaj Housing Finance. That is fully attainable, because the Pune-headquartered group has the monetary assets, administration bandwidth, and synergies by means of its retail NBFC arm, together with the chance created by HDFC Ltd’s exit from the housing finance area after merging with its banking platform, HDFC Financial institution. 

Whereas the market potential is large, challenges stay, significantly as banks with entry to low-cost funds have a bonus over Housing Finance Firms (HFCs) or NBFCs.

Jain goals to construct an business related mortgage participant in 3-4 years’ time. The corporate offers numerous mortgage choices together with house loans, loans in opposition to property, and development finance. 

Mastering the three pillars of success – lending, threat administration, and collections – Jain is strategically guiding the corporate’s progress trajectory. He honed these abilities in 16 years when was a part of  Bajaj Housing Finance. Jain’s intensive profession consists of 11 years as chief assortment officer, 4 years as President of rural lending & collections, and a pair of years because the Enterprise Threat Officer, showcasing his numerous management roles throughout the firm.

Jain’s time period is for five years, ending April, 2027. 

In 2022, Jain’s induction into board got here underneath regulatory lens. The corporate had appointed Jain as a further director with out getting prior approval from the RBI, which is required by their guidelines. The corporate defined that since Jian was already the CEO, this wasn’t a administration change, so no permission was wanted. 

Nonetheless, RBI despatched a discover in August 2023, asking why approval wasn’t sought from the regulator. It responded, however RBI nonetheless imposed a penalty in February 2024. 

Tags: architectAtulBajajchiefFinanceshousingjainMeetsuccess

Related Posts

Business

CyberArk greater after elevating $1.1b convertible bond

June 9, 2025
SEBI corrects ‘board notice’ to ‘engagement notice’ in IndusInd insider buying and selling order
Business

SEBI corrects ‘board notice’ to ‘engagement notice’ in IndusInd insider buying and selling order

June 8, 2025
I simply financed a automotive for $15,000 at 14.89% APR — however then obtained a name saying my price is now 15%. What do I do?
Business

I simply financed a automotive for $15,000 at 14.89% APR — however then obtained a name saying my price is now 15%. What do I do?

June 8, 2025
Bajaj Finance fixes June 16 as report date for 1:2 inventory cut up, 4:1 bonus fairness share
Business

Bajaj Finance fixes June 16 as report date for 1:2 inventory cut up, 4:1 bonus fairness share

June 8, 2025
Gallery: Music Enterprise Worldwide x Luminate’s Music Leaders’ Dinner at SXSW London
Business

Gallery: Music Enterprise Worldwide x Luminate’s Music Leaders’ Dinner at SXSW London

June 7, 2025
How Gaza’s meals queues become kill zones
Business

How Gaza’s meals queues become kill zones

June 7, 2025
Next Post
THE FOREST HILLS Evaluations of werewolf film with Edward Furlong, Shelley Duval and Dee Wallace plus new trailer

THE FOREST HILLS Evaluations of werewolf film with Edward Furlong, Shelley Duval and Dee Wallace plus new trailer

POPULAR NEWS

Here is why you should not use DeepSeek AI

Here is why you should not use DeepSeek AI

January 29, 2025
From the Oasis ‘dynamic pricing’ controversy to Spotify’s Eminem lawsuit victory… it’s MBW’s Weekly Spherical-Up

From the Oasis ‘dynamic pricing’ controversy to Spotify’s Eminem lawsuit victory… it’s MBW’s Weekly Spherical-Up

September 7, 2024
PETAKA GUNUNG GEDE 2025 horror movie MOVIES and MANIA

PETAKA GUNUNG GEDE 2025 horror movie MOVIES and MANIA

January 31, 2025
Mattel apologizes after ‘Depraved’ doll packing containers mistakenly hyperlink to porn web site – Nationwide

Mattel apologizes after ‘Depraved’ doll packing containers mistakenly hyperlink to porn web site – Nationwide

November 11, 2024
2024 2025 2026 Medicare Half B IRMAA Premium MAGI Brackets

2024 2025 2026 Medicare Half B IRMAA Premium MAGI Brackets

September 16, 2024
How you can Advocate for Trans Rights in Your Group
Technology

How you can Advocate for Trans Rights in Your Group

June 9, 2025
Business

CyberArk greater after elevating $1.1b convertible bond

June 9, 2025
Cummins fires warning to Proteas forward of WTC closing
Sports

Cummins fires warning to Proteas forward of WTC closing

June 8, 2025
Jim Parsons Thinks Iain Armitage’s Younger Sheldon Audition Was Exhausting For A Good Cause
Entertainment

Jim Parsons Thinks Iain Armitage’s Younger Sheldon Audition Was Exhausting For A Good Cause

June 8, 2025
SEBI corrects ‘board notice’ to ‘engagement notice’ in IndusInd insider buying and selling order
Business

SEBI corrects ‘board notice’ to ‘engagement notice’ in IndusInd insider buying and selling order

June 8, 2025
How A lot You Actually Want and How one can Save It
Finance

How A lot You Actually Want and How one can Save It

June 8, 2025
Vertex Public

© 2025 Vertex Public LLC.

Navigate Site

  • About Us
  • Privacy Policy
  • Disclaimer
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Entertainment
  • Finance
  • Sports
  • Technology

© 2025 Vertex Public LLC.