Solvency and profitability are two terms that are interrelated each other, or solvency and profitability ratios are two sides of the same coin to be more specific, these two are the stepping stones for the many stakeholders who are directly or indirectly connected with the company to make their respective decisions. We can also say that there is a relationship between a firm's solvency and its profitability. In this paper an attempt have been made to know the solvency and profitability position of Bajaj Finance Limited and effort is also made to know the relation between solvency and profitability of the company. Against these back ground, the study is composed in four parts first part includes Introduction, Objectives of the study, Research Hypothesis, Research methodology, second part consists of data analysis and discussion, third part shows Theoretical framework of the study and the, forth part reveals findings followed by recommendations and conclusion of the study, limitations of the study. The results of the study shows that there is a negative correlation between short-term solvency with profitability and long term solvency is positively correlated with profitability but interest coverage ratio shows negative correlation with Return on capital employed for the study period.