Since the company provided allotment of its IPO, the company that has received a quite attention is Bajaj Housing Finance Ltd. The company emerged as the worthiest housing finance company in India, on the Monday, after its market is debut.
The shares of the housing finance company closed with a good appreciation of as much as 135.7 per cent higher than its issue price of Rs 70. At the end of the market, the company was penned down at Rs 1,37,406 in terms of market capitalisation. 09 crore. But do you know who is the man that stands behind the success of Bajaj Housing Finance?
That particular gentleman is Atul Jain, the Managing Director for Bajaj Housing Finance. He held the position of CEO of the company for four years before being transferred to the company’s subsidiary Bajaj Housing Finance as MD in 2022. In the last decade he managed some of the most significant portfolios in Bajaj Finance Limited before getting appointed as the MD and CEO of Bajaj Housing Finance Limited. He has been associated with the Bajaj Group for more than twenty two years and he is currently 52 year old. Atul could not study in any recognised institutions like IIT or IIM; instead he holds a MBA degree in Finance from Punjabi University, Patiala.
He initially got employed by PNB Capital Services Limited where he worked as a project executive and later worked at Prudential Capital Markets Limited as a merchant banker, India Today noted. In his career he joined Bajaj Finance, as a branch manager in Lucknow for Bajaj Finance Ltd (BFL). In his years at BFL, Atul served in many executive level positions, including executive management positions such as the Chief Collections Officer (CCO) and Enterprise Risk Officer.
The company has grown to great extents under the stewardship of Jain as the chief executive officer of Bajaj Housing Finance. It attracted lot of attention recently with the IPO launch of Rs 6,560 crore; there was bidding for Rs 3. 24 lakh crore and this issue was fully subscribed in 46.3 hours and was over subscribed by a record amount.