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Financial services provider Bajaj Capital is planning to ramp up its operations by increasing the number of its relationship executives and branches.
“We have 1,500 relationship executives now. We will take this up to 5,000 in the next five years with a growth of 30 per cent per annum,” Anil Chopra, Group CEO and Director of Bajaj Capital, told BusinessLine here.
Bajaj Capital, which mainly operates in the financial planning and insurance brokerage space, has been growing at 16-18 per cent per annum in terms of assets under administration, which now stands at ₹14,000 crore.
Bajaj Capital also plans to increase its network of 230 branches across the country to about 350.
Markets risingChopra is of the opinion that investment climate is ‘very positive’ and is likely to pick up further, going forward.
“Markets have risen 30 per cent from February till date on good sentiment on foreign direct investment (FDI) reforms and expectations on decline in interest rates,” he said.
The insurance sector is also poised for growth with recent traction on initial public offers of insurers, online sales and digitisation drive.
“Once public shareholding goes up in insurance companies, it will augur well for retail investors as well as brokers,” he said.
However, insurance brokers need to be encouraged by allowing higher incentives and making the examination process for broker licences more flexible, Chopra added.
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