Bajaj Finserv

Bajaj Finserv Limited
TypePublic
ISININE918I01026
IndustryFinancial services
FoundedMay 2007 (2007-05)
FounderJamnalal Bajaj
Headquarters
Pune, Maharashtra, India
Key peopleSanjiv Bajaj (chairman & Managing Director)
RevenueIncrease₹150,530 crore (US$16 billion)[1] (2026)
Increase ₹47,646 crore (US$4.9 billion)[1] (2025)
Increase ₹17,539 crore (US$1.8 billion)[1] (2025)
Total assetsIncrease ₹758,498 crore (US$79 billion)[2] (2026)
Total equityIncrease ₹77,755 crore (US$8.1 billion) (2026)
Number of employees
105 (2022)[3]
ParentBajaj Group
Subsidiaries
  • Bajaj Finance[4]
  • Bajaj General Insurance
  • Bajaj Life Insurance
  • Bajaj Finserv AMC
  • Bajaj Alts
  • Bajaj Finserv Direct (Bajaj Markets)[5]
  • Bajaj Finserv Health
Websitewww.bajajfinserv.in

Bajaj Finserv Limited is an Indian non-banking financial services company[6][7] headquartered in Pune. It is focused on lending, asset management, wealth management and insurance.[8][9]

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.[10][11] It is a financial conglomerate with stakes in the financing sector (Bajaj Finance),[12][13] the life insurance business (Bajaj Life Insurance), the general insurance business (Bajaj General Insurance),[14][15] and the mutual fund business (Bajaj Finserv Mutual Funds).[16][17]

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.[18]

Apart from financial services, it is also active in wind energy generation with an installed capacity of 65.2 MW.[4][19][20]

As of January 2026, Bajaj Finserv acquires Allianz SE's stake. Fifty percent of the stake in Bajaj Financial Distributors (BFDL), ended a joint-venture and took full ownership of the business [21].

In March 2026, Bajaj Finserv partnered with Microsoft Fabric and Onelake, and created governed foundations with data definitions , end-to-end lineages, and consistent access controls across the organisation [22]. This was to tackle the problem of inconsistent data definitions and fragmented systems due to increased data volumes. This complicated the organisational governance, and led to this partnership [22]. The data was standardised with this adoption. Data preparation improved by 40%, storage costs dropped by 30%, and audit exceptions fell by 25% [22].

Bajaj Finserv has bet on full-stack financial ecosystem to drive growth into their next phase. The group's strategy is focused on building a one-stop financial ecosystem [23]. This ecosystem is focused on lending, insurance, investments, healthcare and technology services. The established businesses provides a stability in earning, and newer platforms offer scalable growth opportunities [23].

In July 2026, Bajaj Finserv approved its plan to enter reinsurance business through a wholly owned subsidiary. Bajaj already has a solid presence in the insurance sector [24]. Bajaj holds around 77.33& stakes in Bajaj General Insurance and Bajaj Life Insurance, which were both operating as joint ventures with Allianz. They also have a 51.3% staeke in the lending arm of Bajaj Finance [24]. The same would open the market up, and would make the firm a small but growing part of India's reinsurance market. As of the time of the announcement, GIC Re is the only domestic reinsurer of India [24].

As of 1 July 2025, the Bajaj Group holds a 55% stake in the company.[25]

Employees

Bajaj Finserv Direct Ltd. approximately has around 2,326 employees as of March 2026. Their most functional groups include Engineering, Finance and Operations, and Sales and Marketing [26].

Subsidiaries

Bajaj Finance

Bajaj Finance was initially incepted as Bajaj Auto Finance in 1987 and later diversified into business and property financing.[27][28]

Bajaj Housing Finance

Bajaj Housing Finance provides housing finance services, including home loans and loans against property. It is a subsidiary of Bajaj Finance.[29]

Bajaj Life Insurance

Bajaj Life Insurance (formerly Bajaj Allianz Life Insurance[30]) started as a joint venture between Bajaj Finserv and Allianz SE.[31][32] The company received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 3 August 2001 to conduct life insurance business in India.[33] In 2025, Bajaj Finserv acquired Allianz SE's stake in Bajaj Life Insurance for ₹10,400 crore (US$1.1 billion).[34][35]

Bajaj General Insurance

Bajaj General Insurance (formerly Bajaj Allianz General Insurance[30]) is a private general insurance company[36] which began as a joint venture between Bajaj Finserv and Allianz SE in 2001.[37] In 2025, Bajaj Finserv acquired Allianz SE's stake in Bajaj Allianz General Insurance for ₹13,780 crore (US$1.4 billion).[34][35] By January 2026, Allianz had fully exited the insurance business in India, increasing the group’s overall holding in both insurance arms to 97%.[38] On 12 March 2026, Allianz fully exited via buyback of its remaining 3% stake[39].

Bajaj Finserv Asset Management Company

Bajaj Finserv Asset Management Company (Bajaj Finserv AMC) is an asset management company.[40] 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.[41] 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,[42][43] with 13 mutual funds.[44][45]

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.[46]

Bajaj Finserv Health

Bajaj Finserv Health is a healthtech company.[47][48] In early 2024, it acquired Bangalore-based outpatient delivery services company, Vidal Healthcare Services, and its two subsidiaries.[49][50] As of December 2024, the company's network includes more than 100,000 hospitals and 80,000 doctors.[51]

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.[52][53]

References

  1. 1 2 3 "Bajaj Finserv Reports Record FY26 Results – Consolidated Total Income ₹150,530 crore". ScanX Trade. Retrieved 30 April 2026.
  2. ↑ "Bajaj Finserv Consolidated Balance Sheet, Bajaj Finserv Financial Statement & Accounts". ETMoney. Retrieved 5 August 2025.
  3. ↑ "Bajaj Finserv Company Overview". Forbes.com. Retrieved 20 March 2023.
  4. 1 2 "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.
  5. ↑ "ACKO partners with Bajaj Finserv's subsidiary – Finserv MARKETS". ibsintelligence.com. Archived from the original on 26 September 2022. Retrieved 5 January 2021.
  6. ↑ "Bajaj Finserv Ltd" Archived 19 March 2016 at the Wayback Machine Bloomberg. Retrieved 2014-11-03.
  7. ↑ "Bajaj Finserv Ltd" Archived 24 September 2015 at the Wayback Machine India Infoline. Retrieved 2014-11-03.
  8. ↑ "Bajaj Finserv Ltd." Archived 26 February 2015 at the Wayback Machine The Economic Times. Retrieved 2014-11-03.
  9. ↑ "Bajaj Finserv to float a housing finance company" Archived 22 February 2015 at the Wayback Machine The Times of India. Retrieved 2014-11-03.
  10. ↑ "Bajaj Auto demerger approved" Archived 17 December 2014 at the Wayback Machine The Economic Times. Retrieved 2014-11-03.
  11. ↑ 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.
  12. ↑ Chatterjee, Sinjinee (2018). "To evaluate the perception of the parent brand Bajaj vis-à-vis Bajaj Finserv". tapmi.informaticsglobal.com. Archived from the original on 31 August 2022. Retrieved 31 August 2022.
  13. ↑ "Bajaj Finserv's Q1 consolidated net profit rises 14%" Archived 4 November 2014 at the Wayback Machine Business Standard. Retrieved 2014-11-03.
  14. ↑ Gandhi, Kajal; Narnolia, Vishal; Sawant, Sameer (22 September 2021). "Bajaj Finserv (BAFINS): Improving prospects of key subsidiaries to add value" (PDF). ICICIDirect. Archived (PDF) from the original on 26 May 2022. Retrieved 31 May 2022.
  15. ↑ Karwa, Atul (28 October 2020). "Initiating Coverage Bajaj Finserv Ltd" (PDF). HDFC securities. Archived (PDF) from the original on 17 June 2022. Retrieved 31 May 2022.
  16. ↑ "Bajaj Finserv Mutual Fund launched". The Economic Times. 6 June 2023. ISSN 0013-0389. Archived from the original on 13 June 2023. Retrieved 28 June 2023.
  17. ↑ "Bajaj Finserv forays into mutual funds". The Hindu. 6 June 2023. ISSN 0971-751X. Archived from the original on 13 June 2023. Retrieved 28 June 2023.
  18. ↑ "Bajaj Holdings & Investment Ltd". Business Standard India. Retrieved 9 October 2022.
  19. ↑ "Post division, brothers Rajiv and Sanjiv Bajaj taking Bajaj Group to new highs". The Economic Times. Archived from the original on 7 July 2014. Retrieved 3 November 2014.
  20. ↑ "Bajaj Finserv Ltd windfarm (India)" The WindPower. Retrieved 2014-11-03.
  21. ↑ Review, Global Banking & Finance (16 January 2026). "Bajaj Finserv Acquires Allianz Stake, Ending Joint Venture". Global Banking & Finance Review.
  22. 1 2 3 "Bajaj Finserv unifies its data estate on Microsoft Fabric and gains 40% productivity | Microsoft Customer Stories". www.microsoft.com. Retrieved 12 August 2026.
  23. 1 2 www.ETBFSI.com. "Bajaj Finserv bets on full-stack financial ecosystem to drive next phase of growth". ETBFSI.com. Retrieved 12 August 2026.
  24. 1 2 3 Mahar, Samriddhi (31 July 2026). "Bajaj Finserv board approves plan to enter reinsurance business | Company Business News". mint. Retrieved 12 August 2026.
  25. ↑ Conchie, Charlie (1 July 2025). "India's Bajaj Finserv hiks customer target to 250 million". Reuters. Retrieved 3 December 2025.
  26. ↑ "Bajaj Finserv Direct Number of Employees 2026 | Employee Count & Headcount Data". Revelio Labs.
  27. ↑ "Profitability Analysis of Lease Financing Company (A Study with Reference to Bajaj Finance Limited)". papers.ssrn.com. SSRN 3572491. Archived from the original on 14 July 2023. Retrieved 27 December 2023.
  28. ↑ Meenakshi, Arun Kumar & N. (2011). Marketing Management, 2nd Edition. Vikas Publishing House. ISBN 978-81-259-4259-7. Archived from the original on 12 May 2024. Retrieved 27 May 2023.
  29. ↑ Babel, Rajeev (15 March 2021). Handbook of Non-Banking Financial Companies. Bloomsbury Publishing. ISBN 978-93-90176-20-5. Archived from the original on 12 May 2024. Retrieved 8 July 2023.
  30. 1 2 "Bajaj Finserv rebrands its general, life insurance businesses". The Hindu. 8 October 2025. ISSN 0971-751X. Retrieved 4 November 2025.
  31. ↑ Bansal, Sanjeev; Prashaant, Anu; Singhi, Rushina; Dhillon, Lakhwinder Kaur (2 June 2023). Management in Action: An HR Perspective. Taylor & Francis. ISBN 978-1-000-89915-3. Archived from the original on 12 May 2024. Retrieved 27 September 2023.
  32. ↑ "Company Overview of Bajaj Allianz Life Insurance Company Limited". investing.businessweek.com. Archived from the original on 15 November 2007. Retrieved 10 February 2014.
  33. ↑ "Bajaj Allianz Life Insurance company Info". smartinvestments.com. Archived from the original on 6 October 2017. Retrieved 3 January 2022.
  34. 1 2 Ghosh, Shayan; Mukherjee, Anubhav (17 March 2025). "Bajaj Group to buy 26% each in insurance businesses from Allianz". Mint. Retrieved 30 March 2025.
  35. 1 2 "Bajaj Finserv rebrands insurance arms after Allianz exit". The Times of India. 8 October 2025. ISSN 0971-8257. Retrieved 4 November 2025.
  36. ↑ "Bajaj Finserv justifies the rise in share price". 20 May 2015. Archived from the original on 3 January 2022. Retrieved 3 January 2022.
  37. ↑ Ashokbhai Kalola, Aneri (30 March 2024). "A COMPARATIVE STUDY OF FINANCIAL PERORMANCE [sic] EVALUTION OF SELECTED NON- LIFE INSURANCE COMPANIES OF INDIA" (PDF). Atmiya University. p. 38. Retrieved 12 January 2025 – via DSpace.
  38. ↑ Navin, Nishit. Biswas, Shreya (ed.). "India's Bajaj Group completes 23% stake acquisition in its insurance units from Allianz". Reuters. Retrieved 13 January 2026.
  39. ↑ S., Radhika (12 March 2026). "Bajaj Finserv Completes Acquisition of Remaining 3% Stake from Allianz SE". scanx.trade. Retrieved 5 August 2026.
  40. ↑ "Bajaj Finserv AMC files papers for launching seven NFOs". www.thehindubusinessline.com. 10 April 2023. Retrieved 27 April 2023.
  41. ↑ "Bajaj Finserv gets Sebi license to start mutual fund business". Business Today. 1 March 2023. Retrieved 27 April 2023.
  42. ↑ 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.
  43. ↑ "Bajaj Finserv Q2 Profit up 8 Per cent at Rs 2,087 Cror". Outlook Business. 24 October 2024. Retrieved 28 October 2024.
  44. ↑ "Bajaj Finserv Mutual Fund, Key Information". Moneycontrol. 30 June 2024. Retrieved 28 August 2024.
  45. ↑ Singh, Raveena (20 December 2024). "How Bajaj Finserv carpet-bombed its way to $2.2B in mutual funds". The Ken. Retrieved 25 December 2024.
  46. ↑ "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.
  47. ↑ "Bajaj Finserv enters healthtech solutions business". The Indian Express. 22 September 2020. Archived from the original on 27 April 2023. Retrieved 27 April 2023.
  48. ↑ Gopakumar, Gopika (23 September 2020). "Bajaj Finserv forays into healthtech". mint. Archived from the original on 27 April 2023. Retrieved 27 April 2023.
  49. ↑ Kayastha, Anshika (30 January 2024). "Bajaj Finserv's healthtech arm to acquire Vidal Healthcare for ₹325 crore". BusinessLine. Retrieved 28 October 2024.
  50. ↑ Anand, Nisha (30 January 2024). "Bajaj Finserv arm acquires 100% stake in Vidal Healthcare Services". Business Standard. Retrieved 28 October 2024.
  51. ↑ Varier, Aathira (2 December 2024). "Bajaj Finserv Health aims to break even by FY27, says CEO Devang Mody". Business Standard. Retrieved 25 December 2024.
  52. ↑ Shah, Sneha (26 September 2025). "Bajaj Finserv Group enters Alts biz, to launch VC and real estate focused funds". mint. Retrieved 3 October 2025.
  53. ↑ Das, Saikat (15 October 2025). "Bajaj Alternate Scouts for C-Suite Talent Ahead of Fund Launches". Bloomberg. Retrieved 13 January 2026.

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