Bajaj Holdings Investment (‘BHIL’ or ‘the Company’) is registered with the Reserve Bank of India as a Non-Banking Financial Company - Investment and Credit Company (NBFC - ICC). BHIL is essentially a holding and investment company and does not have any other operations of its own.Considering the Company not having any operations, other than investment activities with no customer interface or access to public funds, the Board at its meeting held on January 20, 2025, has approved the conversion of Company into an Unregistered CIC. The conversion is in line with the Company’s strategic objective of becoming a group investment holding company.

The recategorization of the Company from a NBFC-ICC to an Unregistered CIC will be subject to sale of non-group investments, followed by an application to RBI for conversion into an Unregistered CIC.Bajaj Holdings Investment - erstwhile Bajaj Auto was de-merged as per Order dated December 18, 2007 of the Hon'ble Bombay High Court, whereby its manufacturing undertaking has been transferred to the new Bajaj Auto (BAL) and its strategic business undertaking consisting of wind farm business and financial services business has been vested with Bajaj Finserv (BFS). All the businesses and all properties, assets, investments and liabilities of erstwhile Bajaj auto, other than the manufacturing undertaking and the strategic business undertaking, now remain with Bajaj Holdings Investment.Post-demerger, the company holds more than 30% shares each in Bajaj Auto and Bajaj Finserv. Going forward, the company will focus on new business opportunities.

Bajaj Auto and Bajaj Finserv will be able to tap (on an arm's length basis) into company's cash pool to support future growth opportunities. BHIL by having over 30% stake in both Bajaj Auto and Bajaj Finserv will benefit from the future growth of these companies.The company has been registered as a Non-Banking Financial Company (NBFC) on October 29, 2009 with Reserve Bank of India (RBI). The Company is classified as a 'Systemically Important Non-deposit taking NBFC' as per RBI Regulations.Business areaBajaj Holdings Investment is engaged in the business of investment in securities out of its own funds and does not undertake any manufacturing activity.

The company earns revenue primarily by way of dividend income from investments held in group companies.About Bajaj AutoThe Bajaj group's flagship company, Bajaj Auto, is one of biggest motorcycle manufacturer and largest three-wheeler quadricycle manufacturer. The Bajaj brand is well-known across several countries in Latin America, Africa, Middle East, South and South East Asia. The company is engaged in the business of development, manufacturing and distribution of automobiles such as motorcycles, commercial vehicles, electric vehicles etc.

and parts thereof. The Company sells its products in India as well as in various other global markets. The company exclusively manufactures Duke range of KTM bikes and exports them worldwide.

The company exports to several countries and a significant share of revenues come from Exports.About Bajaj FinservBajaj Finserv is a public limited company domiciled in India and incorporated under the provisions of Companies Act, 1956. The Holding Company and its subsidiaries, joint ventures and associates (together known as ‘the Group’) is primarily engaged in the business of promoting a broad range of financial services such as financing, insurance, investments, healthcare, technology services, digital healthcare platforms, stockbroking etc. and includes distribution using digital platforms.

The business of the Group are carried out through its investments in subsidiaries, joint ventures and associates. The Group is also engaged in the business of generating power through wind turbines, a renewable source of energy.