Bajaj Finserv

Not to be confused with Bajaj Finance.

Bajaj Finserv Limited
Company type
Public
ISININE918I01026
IndustryFinancial services
FoundedMay 2007 (2007-05)[1]
FounderJamnalal Bajaj
Headquarters
Pune, Maharashtra, India
Key people
Sanjiv Bajaj (chairman & Managing Director)
Products
RevenueIncrease ₹133,821 crore (US$14 billion)[3] (2025)
Increase ₹47,646 crore (US$5.0 billion)[3] (2025)
Increase ₹17,539 crore (US$1.9 billion)[3] (2025)
Total assetsIncrease ₹405,509 crore (US$43 billion)[1] (2024)
Total equityIncrease ₹72,346 crore (US$7.7 billion)[1] (2025)
Number of employees
105 (2022)[4]
ParentBajaj Group[1]
Subsidiaries
  • Bajaj Finance[5]
  • Bajaj General Insurance
  • Bajaj Life Insurance
  • Bajaj Finserv AMC
  • Bajaj Alts
  • Bajaj Finserv Direct (Bajaj Markets)[6]
  • Bajaj Finserv Health
Websitewww.bajajfinserv.in

Bajaj Finserv Limited is an Indian non-banking financial services company[7][8] headquartered in Pune. It is focused on lending, asset management, wealth management and insurance.[9][10]

History

The financial services and wind energy businesses were transferred to Bajaj Finserv Limited (BFL) as part of the concluded demerger from Bajaj Auto Limited, approved by the High Court of Judicature at Bombay by its order dated 18 December 2007.[11][12] It is a financial conglomerate with stakes in the financing sector (Bajaj Finance),[13][14] the life insurance business (Bajaj Life Insurance), the general insurance business (Bajaj General Insurance),[15][16] and the mutual fund business (Bajaj Finserv Mutual Funds).[17][18]

Bajaj Holdings and Investments Limited (BHIL) came into existence when the original company separated its auto and finance assets. This new entity, BHIL is the parent company which holds 39.29% stake in Bajaj Finserv.[19]

Apart from financial services, it is also active in wind energy generation with an installed capacity of 65.2 MW.[5][20][21]

As of 1 July 2025, the Bajaj Group holds a 55% stake in the company.[22]

Subsidiaries

Bajaj Finance

Bajaj Finance was initially incepted as Bajaj Auto Finance in 1987 and later diversified into business and property financing.[23][24]

Bajaj Housing Finance

Bajaj Housing Finance provides housing finance services, including home loans and loans against property. It is a subsidiary of Bajaj Finance.[25]

Bajaj Life Insurance

Bajaj Life Insurance (formerly Bajaj Allianz Life Insurance[26]) started as a joint venture between Bajaj Finserv and Allianz SE.[27][28] The company received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 3 August 2001 to conduct life insurance business in India.[29] In 2025, Bajaj Finserv acquired Allianz SE's stake in Bajaj Life Insurance for ₹10,400 crore (US$1.1 billion).[30][31]

Bajaj General Insurance

Bajaj General Insurance (formerly Bajaj Allianz General Insurance[26]) is a private general insurance company[32] which began as a joint venture between Bajaj Finserv and Allianz SE in 2001.[33] In 2025, Bajaj Finserv acquired Allianz SE's stake in Bajaj Allianz General Insurance for ₹13,780 crore (US$1.5 billion).[30][31] By January 2026, Allianz had fully exited the insurance business in India, increasing the group’s overall holding in both insurance arms to 97%.[34]

Bajaj Finserv Asset Management Company

Bajaj Finserv Asset Management Company (Bajaj Finserv AMC) is an asset management company.[35] In March 2023, the final registration from the Securities and Exchange Board of India was granted to commence mutual fund business operations under Bajaj Finserv Mutual Fund.[36] It disclosed an average of ₹16,293 crore (US$1.7 billion) in average assets under management (AAUM) for the quarter ending 30 September 2024,[37][38] with 13 mutual funds.[39][40]

Bajaj Finserv Direct

Bajaj Finserv Direct (Bajaj Markets) operates as an internet-based marketplace of financial products and services. It serves as a registered Corporate Agent under Insurance Regulatory and Development Authority, a registered Investment Adviser under Securities and Exchange Board of India, a registered third-party app provider for Unified Payments Interface payments, and a digital lending platform for its partner institutions.[41]

Bajaj Finserv Health

Bajaj Finserv Health is a healthtech company.[42][43] In early 2024, it acquired Bangalore-based outpatient delivery services company, Vidal Healthcare Services, and its two subsidiaries.[44][45] As of December 2024, the company's network includes more than 100,000 hospitals and 80,000 doctors.[46]

Bajaj Alternate Investment Management

Bajaj Alternate Investment Management (Bajaj Alts) is an early-stage equity fund and a real estate-focused alternative investment fund, started in September 2025.[47][48]

References

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  2. ^ "Apply for Loans, EMI Finance, Credit Card and Insurance – Bajaj Finserv". bajajfinserv.in.
  3. ^ a b c "Bajaj Finserv Consolidated Profit & Loss account, Bajaj Finserv Financial Statement & Accounts". moneycontrol.com. Archived from the original on 21 May 2023. Retrieved 11 December 2020.
  4. ^ "Bajaj Finserv Company Overview". Forbes.com. Retrieved 20 March 2023.
  5. ^ a b "Bajaj Finserv Chairman's Speech > Finance - Investments > Chairman's Speech from Bajaj Finserv - BSE: 532978, NSE: BAJAJFINSV". www.moneycontrol.com. Archived from the original on 24 January 2019. Retrieved 23 January 2019.
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  7. ^ "Bajaj Finserv Ltd" Archived 19 March 2016 at the Wayback Machine Bloomberg. Retrieved 2014-11-03.
  8. ^ "Bajaj Finserv Ltd" Archived 24 September 2015 at the Wayback Machine India Infoline. Retrieved 2014-11-03.
  9. ^ "Bajaj Finserv Ltd." Archived 26 February 2015 at the Wayback Machine The Economic Times. Retrieved 2014-11-03.
  10. ^ "Bajaj Finserv to float a housing finance company" Archived 22 February 2015 at the Wayback Machine The Times of India. Retrieved 2014-11-03.
  11. ^ "Bajaj Auto demerger approved" Archived 17 December 2014 at the Wayback Machine The Economic Times. Retrieved 2014-11-03.
  12. ^ Saraogi, Rahul (21 April 2014). Investing in India, + Website: A Value Investor's Guide to the Biggest Untapped Opportunity in the World. John Wiley & Sons. ISBN 978-1-118-75609-6. Archived from the original on 12 May 2024. Retrieved 27 May 2023.
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  36. ^ "Bajaj Finserv gets Sebi license to start mutual fund business". Business Today. 1 March 2023. Retrieved 27 April 2023.
  37. ^ Krishna, Tanya (23 October 2024). "Bajaj Finserv Q2 Results: Profit rises by 8.2% to Rs 2,086.97 crore, revenue up 29.5% YoY". Financialexpress. Retrieved 28 October 2024.
  38. ^ "Bajaj Finserv Q2 Profit up 8 Per cent at Rs 2,087 Cror". Outlook Business. 24 October 2024. Retrieved 28 October 2024.
  39. ^ "Bajaj Finserv Mutual Fund, Key Information". Moneycontrol. 30 June 2024. Retrieved 28 August 2024.
  40. ^ Singh, Raveena (20 December 2024). "How Bajaj Finserv carpet-bombed its way to $2.2B in mutual funds". The Ken. Retrieved 25 December 2024.
  41. ^ "Loans on Bajaj Markets: Address diverse needs with 9 products". Asian News International. Archived from the original on 12 May 2023. Retrieved 28 June 2023.
  42. ^ "Bajaj Finserv enters healthtech solutions business". The Indian Express. 22 September 2020. Archived from the original on 27 April 2023. Retrieved 27 April 2023.
  43. ^ Gopakumar, Gopika (23 September 2020). "Bajaj Finserv forays into healthtech". mint. Archived from the original on 27 April 2023. Retrieved 27 April 2023.
  44. ^ Kayastha, Anshika (30 January 2024). "Bajaj Finserv's healthtech arm to acquire Vidal Healthcare for ₹325 crore". BusinessLine. Retrieved 28 October 2024.
  45. ^ Anand, Nisha (30 January 2024). "Bajaj Finserv arm acquires 100% stake in Vidal Healthcare Services". Business Standard. Retrieved 28 October 2024.
  46. ^ Varier, Aathira (2 December 2024). "Bajaj Finserv Health aims to break even by FY27, says CEO Devang Mody". Business Standard. Retrieved 25 December 2024.
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  48. ^ Das, Saikat (15 October 2025). "Bajaj Alternate Scouts for C-Suite Talent Ahead of Fund Launches". Bloomberg. Retrieved 13 January 2026.

Further reading

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