India continues to be a major recipient of funds from IFC. The World Bank investment arm has so far invested $4.8 billion in the country, making India, IFC's largest portfolio accounting for 9.5% of its total funding, according to the organization's annual report.
IFC has committed over 36 projects in India in FY2014-15 for total financing of $984 million. Of this IFC has contributed $934 million, while $50 million was mobilized from other investors. The organization, has a strong focus on low-income states in the country.
Bajaj Holdings & Investment Limited (erstwhile Bajaj Auto Limited) was de-merged as per Order dated 18 December 2007 of the Hon'ble Bombay High Court, whereby its manufacturing undertaking consisting of Automobile business was transferred to the new Bajaj Auto Limited and its strategic business undertaking consisting of wind farm business and financial services business vested with Bajaj Finserv Limited. All the businesses and all properties, assets, investments and liabilities of erstwhile Bajaj Auto Limited, other than the manufacturing undertaking and the strategic business undertaking, remained with BHIL.
Effective 29 October 2009, the Company has been registered with the Reserve Bank of India as a Non-Banking Financial Institution and is categorised as a 'Systemically Important Non-Deposit taking NBFC'.
With a sizeable pool of cash and cash equivalents, BHIL is essentially an investment company, holding as on 31 December 2014, strategic stakes of 31.49% in Bajaj Auto Limited (BAL) and 39.29% in Bajaj Finserv Limited (BFS), the results of which are consolidated with BHIL.
BHIL by having major stakes in both BAL and BFS benefits from the growth of these companies in their respective areas of Automobiles and Financial Services & Insurance. As of 31 December 2014, BHIL has investments of over Rs. 6,100 crore (USD 1 billion) with a market capitalization of over Rs. 15,500 crore (USD 2.5 billion).
BHIL is headed by Mr. Rahul Bajaj (Chairman) and Mr. Sanjiv Bajaj (Managing Director).