The Maharashtra government has signed a Memorandum of Understanding – MoU with Bajaj Finserv on Saturday in Mumbai.
Under this MoU, the non-banking finance company will invest 5,000 crore rupees in Pune which is expected to create 40,000 jobs.
After signing the MoU, Maharashtra Deputy Chief Minister Devendra Fadnavis said that Pune is gradually becoming a hub for financial services and the latest development involving Bajaj Finserve would boost the sector.
Talking about the MoU, he said that it is probably the largest investment taking place in recent times in the fintech sector.
 Deputy Chief Minister Devendra Fadnavis said, “I think it is the largest investment in recent times taking place in the fintech sector.”
The company shared the information through a LinkedIn Post saying, “Bajaj Finserv commits Rs. 5,000 crore investment in Maharashtra. #Bajaj Finserv #Financial Services #Maharashtra Government.”
Founded in April 2007, Bajaj Finserv is the financial arm of the Bajaj group. The company believes in a simple philosophy to never settle for good and go for great.
This reflects in our extensive product portfolio that spans across 3 broad categories- lending, insurance and wealth advisory. With 24 products spread across 12 product lines, the company is one of the fastest growing and most diversified NBFCs in India. The company footprint spans the length and breadth of India.
