Bajaj Finserv Ltd signed a Memorandum of Understanding (MoU) with the Maharashtra government on Saturday to develop Rs 5000 crore projects in Pune, one of the country's largest financial services investments.

In the presence of Devendra Fadnavis, Deputy Chief Minister of Maharashtra, and Sanjiv Bajaj, Chairman and Managing Director of Bajaj Finserv, the MoU was signed by Harshdeep Kamble, Industry Secretary, Government of Maharashtra, and S Sreenivasan, Chief Financial Officer, Bajaj Finserv.

Devendra Fadnavis, Deputy Chief Minister of Maharashtra, said on the occasion, "We welcome Bajaj Finserv's investment in the state of Maharashtra." We are proud of the Bajaj Group's association with Maharashtra and will provide all necessary support for the project's development."

"We believe that growth should not come at the expense of the environment," said Sanjiv Bajaj, Chairman and Managing Director of Bajaj Finserv. Thus, in keeping with our ESG focus, the project is designed to be a sustainable development that meets the highest global certification standards through green solutions and a net-zero approach. We are grateful to the Maharashtra government for its ongoing support of our Group. Pune is and will remain an important part of Bajaj Finserv's growth journey."

The Bajaj Finserv Campus will be an iconic landmark in Pune, housing world-class workspaces for Bajaj Finserv. According to the statement, the project is expected to create 40,000 jobs and further develop Pune as a financial centre.