Bajaj Finserv: Difference between revisions

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{{short description|Indian financial services company}}
{{short description|Indian financial services company}}
{{Distinguish|Bajaj Finance}}
{{Use Indian English|date=September 2015}}
{{Use Indian English|date=September 2015}}
{{Use dmy dates|date=September 2015}}
{{Use dmy dates|date=September 2015}}
{{Infobox company
{{Infobox company
| logo = Bajaj Finserv Logo.svg
| logo = Bajaj Finserv Logo 2025.svg
| name = Bajaj Finserv Limited
| name = Bajaj Finserv Limited
| image = File:Bajaj Finserv Head Office, Pune.jpg
| image_size = 250px
| image_caption = Bajaj Finserv's headquarters in [[Pune]]
| type = [[Public Company|Public]]
| type = [[Public Company|Public]]
| traded_as = {{NSE|BAJAJFINSV}}<br />{{BSE|532978}}<br />
| traded_as = {{plainlist|
[[BSE SENSEX|BSE SENSEX Constituent]]<br />[[NIFTY 50|NSE NIFTY 50 Constituent]]
*{{BSE|532978}}
| ISIN = INE918I01018
*{{NSE|BAJAJFINSV}}
*[[NIFTY 50|NSE NIFTY 50]] constituent}}
| ISIN = {{ISIN|sl=n|pl=y|INE918I01026}}
| industry = [[Financial services]]
| industry = [[Financial services]]
| fate =  
| fate =  
| predecessor =  
| predecessor =  
| successor =  
| successor =  
| foundation = {{Start date and age|2007|5|p=y}}<ref name="BalSheet"/>
| foundation = {{Start date and age|2007|5}}<ref name="BalSheet"/>
| founder = [[Jamnalal Bajaj]] {{citation needed|date=December 2020}}
| founder = [[Jamnalal Bajaj]]
| defunct =  
| defunct =  
| location_city = [[Pune, Maharashtra]]
| location_city = [[Pune]], [[Maharashtra]], India
| location_country = [[India]]
| location_country =  
| locations = <!-- Number of locations, stores, offices, etc. -->
| locations = <!-- Number of locations, stores, offices, etc. -->
| area_served =  
| area_served =  
| key_people = {{ubl|[[Rahul Bajaj]] <br />{{small|(Chairman)}}| [[Sanjiv Bajaj]]<br /> {{small|(MD & CEO)}}<ref>{{cite web |title=Latest Bajaj finserv ltd information at www.indiainfoline.com |url=http://www.indiainfoline.com/markets/company/background/company-profile/bajaj-finserv-ltd/28075 |website=Indiainfoline.com|language=en}}</ref>}}
| key_people = [[Sanjiv Bajaj]] ([[chairman]] & Managing Director)
| products = [[Insurance]], [[credit cards]], [[mutual fund]], [[mortgage loan]]s, [[investment management]]<ref>{{cite web |title=Apply for Loans, EMI Finance, Credit Card and Insurance – Bajaj Finserv |url=http://www.bajajfinserv.in/ |website=bajajfinserv.in}}</ref>
| products = {{ubl|[[Insurance]] |[[General insurance]] |[[Health insurance]] |[[Vehicle insurance]] |[[Travel insurance]] |[[Home insurance]] |[[Life insurance]] |[[Mortgage loan]]s |[[Investment management]] | [[Asset management]] |[[Mutual fund]]s |[[Credit card]]s<ref>{{cite web |title=Apply for Loans, EMI Finance, Credit Card and Insurance – Bajaj Finserv |url=http://www.bajajfinserv.in/ |website=bajajfinserv.in}}</ref>}}
| revenue = {{increase}}{{INRConvert|54351.47|c}}<ref name="incomestate">{{cite web |title=Bajaj Finserv Consolidated Profit & Loss account, Bajaj Finserv Financial Statement & Accounts |url=https://www.moneycontrol.com/financials/bajajfinserv/consolidated-profit-lossVI/BF04#BF04 |website=moneycontrol.com |language=en}}</ref>
| revenue = {{increase}}{{INRConvert|133821.05|c}}<ref name="incomestate">{{cite web |title=Bajaj Finserv Consolidated Profit & Loss account, Bajaj Finserv Financial Statement & Accounts |url=https://www.moneycontrol.com/financials/bajajfinserv/consolidated-profit-lossVI/BF04#BF04 |website=moneycontrol.com |language=en |access-date=11 December 2020 |archive-date=21 May 2023 |archive-url=https://web.archive.org/web/20230521170023/https://www.moneycontrol.com/financials/bajajfinserv/consolidated-profit-lossVI/BF04#BF04 |url-status=live }}</ref>
| revenue_year = 2020
| revenue_year = 2025
| operating_income = {{increase}}{{INRConvert|8301|c}}<ref name="incomestate"/>
| operating_income = {{increase}}{{INRConvert|47646|c}}<ref name="incomestate"/>
| income_year = 2020
| income_year = 2025
| net_income = {{increase}}{{INRConvert|3369.13|c}}<ref name="incomestate"/>
| net_income = {{increase}}{{INRConvert|17539.65|c}}<ref name="incomestate"/>
| net_income_year = 2020
| net_income_year = 2025
| assets = {{increase}}{{INRConvert|251384.19|c}}<ref name="BalSheet">{{Cite web|title=Bajaj Finserv Consolidated Balance Sheet, Bajaj Finserv Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/bajajfinserv/consolidated-balance-sheetVI/BF04#BF04|access-date=14 July 2020|website=moneycontrol.com|language=en}}</ref>
| assets = {{increase}}{{INRConvert|405509|c}}<ref name="BalSheet">{{Cite web|title=Bajaj Finserv Consolidated Balance Sheet, Bajaj Finserv Financial Statement & Accounts|url=https://www.moneycontrol.com/financials/bajajfinserv/consolidated-balance-sheetVI/BF04#BF04|access-date=24 June 2025|website=moneycontrol.com|language=en}}</ref>
| assets_year = 2020
| assets_year = 2024
| equity = {{increase}}{{INRConvert|31301.25|c}}<ref name="BalSheet"/>
| equity = {{increase}}{{INRConvert|72346|c}}<ref name="BalSheet"/>
| equity_year = 2020
| equity_year = 2025
| num_employees = 26,969 (2020)<ref name="BalSheet"/>
| num_employees = 105 (2022)<ref>{{Cite web|title=Bajaj Finserv Company Overview|url=https://www.forbes.com/companies/bajaj-finserv/?sh=2285ca3c48e4|access-date=20 March 2023|website=Forbes.com|language=en}}</ref>
| parent = [[Bajaj Group]]<ref name="BalSheet"/>
| parent = [[Bajaj Group]]<ref name="BalSheet"/>
| divisions =  
| divisions =  
| subsid = [[Bajaj Allianz General Insurance]]<br />[[Bajaj Allianz Life Insurance]]<br />Bajaj Housing Finance Ltd.<ref name="BalSheet"/><br />[[Bajaj Finance]] Ltd.<ref name="auto">{{Cite web|url=https://www.moneycontrol.com/annual-report/bajajfinserv/chairmans-speech/BF04|title=Bajaj Finserv Chairman's Speech > Finance - Investments > Chairman's Speech from Bajaj Finserv - BSE: 532978, NSE: BAJAJFINSV|website=www.moneycontrol.com}}</ref><br />Bajaj Finserv Markets <ref name="ibs">{{Cite web|url=https://ibsintelligence.com/ibsi-news/acko-partners-with-bajaj-finservs-subsidiary-finserv-markets/|title=ACKO partners with Bajaj Finserv’s subsidiary – Finserv MARKETS|website=ibsintelligence.com}}</ref>
| subsid = {{ubl|[[Bajaj Finance]]<ref name="auto">{{Cite web|url=https://www.moneycontrol.com/annual-report/bajajfinserv/chairmans-speech/BF04|title=Bajaj Finserv Chairman's Speech > Finance - Investments > Chairman's Speech from Bajaj Finserv - BSE: 532978, NSE: BAJAJFINSV|website=www.moneycontrol.com|access-date=23 January 2019|archive-date=24 January 2019|archive-url=https://web.archive.org/web/20190124041317/https://www.moneycontrol.com/annual-report/bajajfinserv/chairmans-speech/BF04|url-status=live}}</ref><br />Bajaj Allianz General Insurance<br />Bajaj Allianz Life Insurance<br />Bajaj Housing Finance<ref name="BalSheet"/><br />Bajaj Finserv Markets <ref name="ibs">{{Cite web|url=https://ibsintelligence.com/ibsi-news/acko-partners-with-bajaj-finservs-subsidiary-finserv-markets/|title=ACKO partners with Bajaj Finserv's subsidiary – Finserv MARKETS|website=ibsintelligence.com|access-date=5 January 2021|archive-date=26 September 2022|archive-url=https://web.archive.org/web/20220926100305/https://ibsintelligence.com/ibsi-news/acko-partners-with-bajaj-finservs-subsidiary-finserv-markets/|url-status=live}}</ref>
|Bajaj Finserv Asset Management Company
|Bajaj Finserv Direct (Bajaj Markets)
|Bajaj Finserv Health
}}
| homepage = {{URL|http://www.bajajfinserv.in/}}
| homepage = {{URL|http://www.bajajfinserv.in/}}
}}
}}
'''Bajaj Finserv Limited''', a part of Bajaj Holdings & Investments Limited, is an Indian [[financial services]] company<ref>[https://www.bloomberg.com/quote/BJFIN:IN "Bajaj Finserv Ltd"] ''Bloomberg''. Retrieved 2014-11-03.</ref><ref>[http://www.indiainfoline.com/markets/company/background/company-profile/bajaj-finserv-ltd/28075 "Bajaj Finserv Ltd"] ''India Infoline''. Retrieved 2014-11-03.</ref> focused on lending, asset management, [[wealth management]] and [[insurance]].<ref>[http://economictimes.indiatimes.com/bajaj-finserv-ltd/infocompanyhistory/companyid-21426.cms "Bajaj Finserv Ltd."] ''The Economic Times''. Retrieved 2014-11-03.</ref><ref>[http://timesofindia.indiatimes.com/Business/India-Business/Bajaj-Finserv-to-float-a-housing-finance-company/articleshow/42194853.cms "Bajaj Finserv to float a housing finance company"] ''The Times of India''. Retrieved 2014-11-03.</ref><ref>[http://www.finalaya.com/News/Bajaj-Finserv-reports-15-rise-in-Q1-consolidated-net-profit-N331349.aspx "Bajaj Finserv reports 15% rise in Q1 consolidated net profit"] {{Webarchive|url=https://web.archive.org/web/20141104060115/http://www.finalaya.com/News/Bajaj-Finserv-reports-15-rise-in-Q1-consolidated-net-profit-N331349.aspx |date=4 November 2014 }} ''Finalaya''. Retrieved 2014-11-03.</ref>
The company employs over 20,154 employees at 1,409 locations, and is engaged in consumer finance businesses, life insurance, and general insurance.<ref>[http://www.business-standard.com/article/companies/bajaj-finserv-s-q1-consolidated-net-profit-rises-14-114071600994_1.html "Bajaj Finserv's Q1 consolidated net profit rises 14%"] ''Business Standard''. Retrieved 2014-11-03.</ref> Apart from financial services, Bajaj Finserv is also active in wind–energy generation with an installed capacity of 65.2 MW.<ref name="auto"/><ref>{{cite news|url=http://articles.economictimes.indiatimes.com/2014-07-01/news/51002912_1_sanjiv-bajaj-bajaj-group-rahul-bajaj|title=Post division, brothers Rajiv and Sanjiv Bajaj taking Bajaj Group to new highs|newspaper=The Economic Times|access-date=2014-11-03|archive-url=https://web.archive.org/web/20140707070328/http://articles.economictimes.indiatimes.com/2014-07-01/news/51002912_1_sanjiv-bajaj-bajaj-group-rahul-bajaj|archive-date=2014-07-07}}</ref><ref>[http://www.thewindpower.net/windfarm_en_17161_bajaj-finserv-ltd.php "Bajaj Finserv Ltd windfarm (India)"] ''The WindPower''. Retrieved 2014-11-03.</ref>


Bajaj Finserv was ranked among ''[[The Economic Times]]'' 500 as #119 in 2014.<ref>[http://economictimes.indiatimes.com/bajaj-finserv-ltd/infocompanyhistory/companyid-21426.cms "Bajaj Finserv Ltd."] ''[[The Economic Times]]''. Retrieved 2014-11-03.</ref>
'''Bajaj Finserv Limited''' is an Indian [[financial services|non-banking financial services]] company<ref>[https://www.bloomberg.com/quote/BJFIN:IN "Bajaj Finserv Ltd"] {{Webarchive|url=https://web.archive.org/web/20160319092803/http://www.bloomberg.com/quote/BJFIN:IN |date=19 March 2016 }} ''Bloomberg''. Retrieved 2014-11-03.</ref><ref>[http://www.indiainfoline.com/markets/company/background/company-profile/bajaj-finserv-ltd/28075 "Bajaj Finserv Ltd"] {{Webarchive|url=https://web.archive.org/web/20150924050947/http://www.indiainfoline.com/markets/company/background/company-profile/bajaj-finserv-ltd/28075 |date=24 September 2015 }} ''India Infoline''. Retrieved 2014-11-03.</ref> headquartered in [[Pune]]. It is focused on [[lending]], [[asset management]], [[wealth management]] and [[insurance]].<ref>[http://economictimes.indiatimes.com/bajaj-finserv-ltd/infocompanyhistory/companyid-21426.cms "Bajaj Finserv Ltd."] {{Webarchive|url=https://web.archive.org/web/20150226151521/http://economictimes.indiatimes.com/bajaj-finserv-ltd/infocompanyhistory/companyid-21426.cms |date=26 February 2015 }} ''The Economic Times''. Retrieved 2014-11-03.</ref><ref>[http://timesofindia.indiatimes.com/Business/India-Business/Bajaj-Finserv-to-float-a-housing-finance-company/articleshow/42194853.cms "Bajaj Finserv to float a housing finance company"] {{Webarchive|url=https://web.archive.org/web/20150222221842/http://timesofindia.indiatimes.com/Business/India-Business/Bajaj-Finserv-to-float-a-housing-finance-company/articleshow/42194853.cms |date=22 February 2015 }} ''The Times of India''. Retrieved 2014-11-03.</ref>
 
==History==
The financial  services and wind energy businesses were transferred to Bajaj Finserv Limited (BFL) as part of the concluded demerger from [[Bajaj Auto|Bajaj Auto Limited]], approved by the High Court of Judicature at [[Bombay]] by its order dated 18 December 2007.<ref>[http://articles.economictimes.indiatimes.com/2007-08-18/news/27675728_1_demerger-scheme-bajaj-holdings-bajaj-auto "Bajaj Auto demerger approved"] {{Webarchive|url=https://web.archive.org/web/20141217035850/http://articles.economictimes.indiatimes.com/2007-08-18/news/27675728_1_demerger-scheme-bajaj-holdings-bajaj-auto |date=17 December 2014 }} ''The Economic Times''. Retrieved 2014-11-03.</ref><ref>{{Cite book |last=Saraogi |first=Rahul |url=https://books.google.com/books?id=HMMiAwAAQBAJ&dq=Bajaj+Finserv&pg=PA122 |title=Investing in India, + Website: A Value Investor's Guide to the Biggest Untapped Opportunity in the World |date=2014-04-21 |publisher=John Wiley & Sons |isbn=978-1-118-75609-6 |language=en |access-date=27 May 2023 |archive-date=12 May 2024 |archive-url=https://web.archive.org/web/20240512043310/https://books.google.com/books?id=HMMiAwAAQBAJ&dq=Bajaj+Finserv&pg=PA122 |url-status=live }}</ref> It is a financial conglomerate with stakes in the financing sector (Bajaj Finance),<ref>{{Cite web |last=Chatterjee |first=Sinjinee |date=2018 |title=To evaluate the perception of the parent brand Bajaj vis-à-vis Bajaj Finserv |url=http://tapmi.informaticsglobal.com/617/ |access-date=2022-08-31 |website=tapmi.informaticsglobal.com |language=en |archive-date=31 August 2022 |archive-url=https://web.archive.org/web/20220831164253/http://tapmi.informaticsglobal.com/617/ |url-status=live }}</ref><ref>[http://www.business-standard.com/article/companies/bajaj-finserv-s-q1-consolidated-net-profit-rises-14-114071600994_1.html "Bajaj Finserv's Q1 consolidated net profit rises 14%"] {{Webarchive|url=https://web.archive.org/web/20141104070358/http://www.business-standard.com/article/companies/bajaj-finserv-s-q1-consolidated-net-profit-rises-14-114071600994_1.html |date=4 November 2014 }} ''Business Standard''. Retrieved 2014-11-03.</ref> the life insurance business (Bajaj Life Insurance), the general insurance business (Bajaj General Insurance),<ref>{{Cite web |last1=Gandhi |first1=Kajal |last2=Narnolia |first2=Vishal |last3=Sawant |first3=Sameer |date=September 22, 2021 |title=Bajaj Finserv (BAFINS): Improving prospects of key subsidiaries to add value |url=https://www.icicidirect.com/mailimages/IDirect_BajajFinserv_CoUpdate_Sep21.pdf |access-date=31 May 2022 |website=[[ICICI Bank|ICICIDirect]] |archive-date=26 May 2022 |archive-url=https://web.archive.org/web/20220526121349/https://www.icicidirect.com/mailimages/IDirect_BajajFinserv_CoUpdate_Sep21.pdf |url-status=live }}</ref><ref>{{Cite web |last=Karwa |first=Atul |date=28 October 2020 |title=Initiating Coverage Bajaj Finserv Ltd. |url=https://www.hdfcsec.com/hsl.research.pdf/Bajaj%20Finserv%20-%20Initiating%20Coverage%20-%20281020.pdf |access-date=31 May 2022 |website=[[HDFC securities]] |archive-date=17 June 2022 |archive-url=https://web.archive.org/web/20220617172058/https://www.hdfcsec.com/hsl.research.pdf/Bajaj%20Finserv%20-%20Initiating%20Coverage%20-%20281020.pdf |url-status=live }}</ref> and the mutual fund business (Bajaj Finserv Mutual Funds).<ref>{{Cite news |date=2023-06-06 |title=Bajaj Finserv Mutual Fund launched |work=The Economic Times |url=https://economictimes.indiatimes.com/mf/mf-news/bajaj-finserv-mutual-fund-launched/articleshow/100786766.cms |access-date=2023-06-28 |issn=0013-0389 |archive-date=13 June 2023 |archive-url=https://web.archive.org/web/20230613091142/https://economictimes.indiatimes.com/mf/mf-news/bajaj-finserv-mutual-fund-launched/articleshow/100786766.cms |url-status=live }}</ref><ref>{{Cite news |date=2023-06-06 |title=Bajaj Finserv forays into mutual funds |language=en-IN |work=The Hindu |url=https://www.thehindu.com/business/bajaj-finserv-forays-into-mutual-funds/article66938561.ece |access-date=2023-06-28 |issn=0971-751X |archive-date=13 June 2023 |archive-url=https://web.archive.org/web/20230613055831/https://www.thehindu.com/business/bajaj-finserv-forays-into-mutual-funds/article66938561.ece |url-status=live }}</ref>
 
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<ref>{{Cite news |title=Bajaj Holdings & Investment Ltd. |work=Business Standard India |url=https://www.business-standard.com/company/bajaj-holdings-50/information/company-history |access-date=2022-10-09}}</ref> and now holds surplus cash and investments with the purpose of providing financial support to the auto and/or finance business or exploring fresh business prospects. The BHIL has been registered as a [[NBFC & MFI in India|Non–Banking Financial Company (NBFC)]] under the Registration No. N–13.01952 dated 29 October 2009 with [[Reserve Bank of India]] (RBI).<ref>{{Cite web|url=https://www.bajajauto.com/bhil/index.html|title=Bajaj Holdings and Investment Ltd.|website=bajajauto.com|access-date=2019-01-21|archive-date=16 January 2019|archive-url=https://web.archive.org/web/20190116115133/https://www.bajajauto.com/bhil/index.html|url-status=live}}</ref>


Bajaj Finance Limited (BFL), participates in the financial business and is a company listed on The Stock Exchange, Mumbai ([https://www.bseindia.com/ BSE]) and the National Stock Exchange ([https://www.nseindia.com/ NSE])
Starting in 2017, Bajaj Finserv adopted [[blockchain technology]] for services like travel insurance, allowing claim resolution before customer registration.<ref>{{Cite news |date=2017-11-04 |title=Indian cos using blockchain technology to better services |work=The Times of India |url=https://timesofindia.indiatimes.com/business/india-business/indian-cos-using-blockchain-technology-to-better-services/articleshow/61509314.cms |access-date=2023-08-30 |issn=0971-8257}}</ref> By 2023, they had extended blockchain's utility to enhance trader and customer connections.<ref>{{Cite book |last1=Raj |first1=Arman |last2=Kumar |first2=Avneesh |last3=Sharma |first3=Vandana |last4=Rani |first4=Seema |last5=Shanu |first5=Ankit Kumar |title=2023 4th International Conference on Intelligent Engineering and Management (ICIEM) |chapter=Enhancing Security Feature in Financial Transactions using Multichain Based Blockchain Technology |date=May 2023 |pages=1–6 |doi=10.1109/ICIEM59379.2023.10166589|isbn=979-8-3503-4112-6 |s2cid=259339118 }}</ref>


==Background==
Apart from financial services, it is also active in [[wind energy]] generation with an installed capacity of 65.2 MW.<ref name="auto" /><ref>{{cite news |title=Post division, brothers Rajiv and Sanjiv Bajaj taking Bajaj Group to new highs |newspaper=The Economic Times |url=http://articles.economictimes.indiatimes.com/2014-07-01/news/51002912_1_sanjiv-bajaj-bajaj-group-rahul-bajaj |access-date=2014-11-03 |archive-url=https://web.archive.org/web/20140707070328/http://articles.economictimes.indiatimes.com/2014-07-01/news/51002912_1_sanjiv-bajaj-bajaj-group-rahul-bajaj |archive-date=2014-07-07}}</ref><ref>[http://www.thewindpower.net/windfarm_en_17161_bajaj-finserv-ltd.php "Bajaj Finserv Ltd windfarm (India)"] ''The WindPower''. Retrieved 2014-11-03.</ref> In the quarterly results for June 2022, the company's board of directors has approved the sub-division of its equity shares in a ratio of 1:5.<ref>{{Cite news |last=Nahar |first=Pawan |title=Bajaj Finserv announces stock split, bonus issue for shareholders |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/stocks/news/double-bonanza-bajaj-finserv-announces-stock-split-bonus-issue-for-shareholders/articleshow/93180515.cms |access-date=2022-08-31 |archive-date=31 August 2022 |archive-url=https://web.archive.org/web/20220831164120/https://economictimes.indiatimes.com/markets/stocks/news/double-bonanza-bajaj-finserv-announces-stock-split-bonus-issue-for-shareholders/articleshow/93180515.cms |url-status=live }}</ref>


The financial services and wind energy businesses were transferred to Bajaj Finserv Limited (BFS) as part of the recently concluded demerger from [[Bajaj Auto|Bajaj Auto Limited]], approved by the High Court of Judicature at [[Bombay]] by its order dated 18 December 2007. The demerger was effective on 31 March 2007.<ref>[http://articles.economictimes.indiatimes.com/2007-08-18/news/27675728_1_demerger-scheme-bajaj-holdings-bajaj-auto "Bajaj Auto demerger approved"] ''The Economic Times''. Retrieved 2014-11-03.</ref>
As of 1 July 2025, the [[Bajaj Group]] holds a 55% stake in the company.<ref>{{Cite news |last=Conchie |first=Charlie |date=1 July 2025 |title=India's Bajaj Finserv hiks customer target to 250 million |url=https://www.reuters.com/world/india/indias-bajaj-finserv-hikes-customer-target-250-million-2025-07-01/ |access-date=3 December 2025 |work=[[Reuters]]}}</ref>


Bajaj Holdings has been registered as a [[NBFC & MFI in India|Non–Banking Financial Company (NBFC)]] under the Registration No. N–13.01952 dated 29 October 2009 with [[Reserve Bank of India]] (RBI).<ref>{{Cite web|url=https://www.bajajauto.com/bhil/index.html|title=Bajaj Holdings and Investment Ltd.|website=bajajauto.com|access-date=2019-01-21}}</ref> The company is classified as a Systemically Important Non–deposit-taking NBFC as per RBI Regulations.
== Subsidiaries ==
 
* '''[[Bajaj Finance]]''' was initially incepted as Bajaj Auto Finance in 1987. Later diversified into business and property financing.<ref>{{cite web |title=Profitability Analysis of Lease Financing Company (A Study with Reference to Bajaj Finance Limited) |url=https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3572491 |website=papers.ssrn.com |ssrn=3572491 |access-date=27 December 2023 |archive-date=14 July 2023 |archive-url=https://web.archive.org/web/20230714172705/https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3572491 |url-status=live }}</ref><ref>{{Cite book |last=Meenakshi |first=Arun Kumar & N. |url=https://books.google.com/books?id=mDlDDAAAQBAJ&dq=Bajaj+Finserv&pg=PA778 |title=Marketing Management, 2nd Edition |date=2011 |publisher=Vikas Publishing House |isbn=978-81-259-4259-7 |language=en |access-date=27 May 2023 |archive-date=12 May 2024 |archive-url=https://web.archive.org/web/20240512055121/https://books.google.com/books?id=mDlDDAAAQBAJ&dq=Bajaj+Finserv&pg=PA778 |url-status=live }}</ref>
* '''Bajaj Life Insurance''' (formerly '''Bajaj Allianz Life Insurance'''<ref name=":1">{{Cite news |last= |first= |date=2025-10-08 |title=Bajaj Finserv rebrands its general, life insurance businesses |url=https://www.thehindu.com/business/bajaj-finserv-rebrands-its-general-life-insurance-businesses/article70139535.ece |access-date=2025-11-04 |work=The Hindu |language=en-IN |issn=0971-751X}}</ref>) started as a joint venture between Bajaj Finserv and [[Allianz SE]].<ref>{{Cite book |last1=Bansal |first1=Sanjeev |url=https://books.google.com/books?id=ySqzEAAAQBAJ&dq=Bajaj+Allianz+Management+in+Action&pg=PT92 |title=Management in Action: An HR Perspective |last2=Prashaant |first2=Anu |last3=Singhi |first3=Rushina |last4=Dhillon |first4=Lakhwinder Kaur |date=2023-06-02 |publisher=[[Taylor & Francis]] |isbn=978-1-000-89915-3 |language=en |access-date=27 September 2023 |archive-date=12 May 2024 |archive-url=https://web.archive.org/web/20240512055121/https://books.google.com/books?id=ySqzEAAAQBAJ&dq=Bajaj+Allianz+Management+in+Action&pg=PT92 |url-status=live }}</ref><ref name="businessweek">{{cite web|title=Company Overview of Bajaj Allianz Life Insurance Company Limited|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=9155888|archive-url=https://web.archive.org/web/20071115212856/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=9155888|url-status=dead|archive-date=15 November 2007|publisher=investing.businessweek.com|accessdate=10 February 2014}}</ref> The company received the [[Insurance Regulatory and Development Authority]] (IRDA) certificate of Registration on 3 August 2001 to conduct [[life insurance]] business in India.<ref name="smartinvestments">{{cite web|title=Bajaj Allianz Life Insurance company Info|url=http://www.smartinvestments.co.in/content/Information/companyprofile.asp?InsuCode=7&InsuCateCode=1|publisher=smartinvestments.com|access-date=3 January 2022|archive-date=6 October 2017|archive-url=https://web.archive.org/web/20171006212116/http://www.smartinvestments.co.in/content/Information/companyprofile.asp?InsuCode=7&InsuCateCode=1|url-status=dead}}</ref> In 2025, Bajaj Finserv acquired Allianz SE's stake in Bajaj Life Insurance for {{INRConvert|10400|c|year=2025}}.<ref name=":0">{{Cite news |last1=Ghosh |first1=Shayan |last2=Mukherjee |first2=Anubhav |date=17 March 2025 |title=Bajaj Group to buy 26% each in insurance businesses from Allianz |url=https://www.livemint.com/market/stock-market-news/bajaj-finserv-to-acquire-26-stake-from-allianz-in-bajaj-allianz-life-bajaj-allianz-general-insurance-11742231082807.html |access-date=30 March 2025 |work=[[Mint (newspaper)|Mint]]}}</ref><ref name=":2">{{Cite news |date=2025-10-08 |title=Bajaj Finserv rebrands insurance arms after Allianz exit |url=https://timesofindia.indiatimes.com/business/india-business/bajaj-finserv-rebrands-insurance-arms-after-allianz-exit/articleshow/124377747.cms |access-date=2025-11-04 |work=The Times of India |issn=0971-8257}}</ref>
* '''Bajaj General Insurance''' (formerly '''Bajaj Allianz General Insurance'''<ref name=":1" />) is a private [[general insurance]] company<ref>{{Cite web |url=http://www.livemint.com/Money/5dFM2ktg0LWCfiMjPBouFN/Bajaj-Finserv-justifies-the-rise-in-share-price.html |title=Bajaj Finserv justifies the rise in share price |date=20 May 2015 |access-date=3 January 2022 |archive-date=3 January 2022 |archive-url=https://web.archive.org/web/20220103130058/https://www.livemint.com/Money/5dFM2ktg0LWCfiMjPBouFN/Bajaj-Finserv-justifies-the-rise-in-share-price.html |url-status=live }}</ref> which began as a joint venture between Bajaj Finserv and [[Allianz SE]] in 2001.<ref>{{Cite web |last=Ashokbhai Kalola |first=Aneri |date=2024-03-30 |title=A COMPARATIVE STUDY OF FINANCIAL PERORMANCE [sic] EVALUTION OF SELECTED NON- LIFE INSURANCE COMPANIES OF INDIA |url=http://library.atmiya.net:8080/dspace/bitstream/handle/atmiyauni/1420/A%20Comparative%20Study%20Of%20Financial%20Perormance%20Evalution%20Of%20Selected%20Non-%20Life%20Insurance%20Companies%20Of%20India.pdf |url-status= |access-date=2025-01-12 |website=[[Atmiya University]] |page=38 |via=[[DSpace]]}}</ref> In 2025, Bajaj Finserv acquired Allianz SE's stake in Bajaj Allianz General Insurance for {{INRConvert|13780|c|year=2025}}.<ref name=":0" /><ref name=":2" /> By January 2026, Allianz had fully exited the insurance business in India, increasing the group’s overall holding in both insurance arms to 97%.<ref>{{Cite news |last=Navin |first=Nishit |editor-last=Biswas |editor-first=Shreya |title=India's Bajaj Group completes 23% stake acquisition in its insurance units from Allianz |url=https://www.reuters.com/world/india/indias-bajaj-group-completes-acquisition-23-stake-insurance-companies-allianz-2026-01-08/ |access-date=13 January 2026 |work=[[Reuters]]}}</ref>
* '''Bajaj Housing Finance''' provides housing finance services, including home loans and loans against property.<ref>{{Cite book |last=Babel |first=Rajeev |url=https://books.google.com/books?id=nIckEAAAQBAJ&dq=Bajaj+Housing+Finance&pg=SA8-PA22 |title=Handbook of Non-Banking Financial Companies |date=2021-03-15 |publisher=Bloomsbury Publishing |isbn=978-93-90176-20-5 |language=en |access-date=8 July 2023 |archive-date=12 May 2024 |archive-url=https://web.archive.org/web/20240512060125/https://books.google.com/books?id=nIckEAAAQBAJ&dq=Bajaj%20Housing%20Finance&pg=SA8-PA22 |url-status=live }}</ref>
* '''Bajaj Finserv Asset Management Company''' is an [[asset management company]].<ref>{{Cite web |last= |first= |date=2023-04-10 |title=Bajaj Finserv AMC files papers for launching seven NFOs |url=https://www.thehindubusinessline.com/markets/bajaj-finserv-amc-files-papers-for-launching-seven-nfos/article66720874.ece |access-date=2023-04-27 |website=www.thehindubusinessline.com |language=en}}</ref> 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''.<ref>{{Cite web |date=2023-03-01 |title=Bajaj Finserv gets Sebi license to start mutual fund business |url=https://www.businesstoday.in/personal-finance/investment/story/bajaj-finserv-gets-sebi-license-to-start-mutual-fund-business-371928-2023-03-01 |access-date=2023-04-27 |website=Business Today |language=en}}</ref> It disclosed an average of {{INRConvert|16293|c}} in average assets under management (AAUM) for the quarter ending 30 September 2024,<ref>{{Cite web |last=Krishna |first=Tanya |date=2024-10-23 |title=Bajaj Finserv Q2 Results: Profit rises by 8.2% to Rs 2,086.97 crore, revenue up 29.5% YoY |url=https://www.financialexpress.com/business/banking-finance-bajaj-finserv-q2-results-profit-rises-by-8-2-to-rs-208697-crore-revenue-up-295-yoy-3647527/ |access-date=2024-10-28 |website=Financialexpress |language=en}}</ref><ref>{{Cite web |date=2024-10-24 |title=Bajaj Finserv Q2 Profit up 8 Per cent at Rs 2,087 Cror |url=https://www.outlookbusiness.com/corporate/bajaj-finserv-q2-profit-up-8-per-cent-at-rs-2087-crore |access-date=2024-10-28 |website=Outlook Business |language=en}}</ref> with 13 mutual funds.<ref>{{Cite web |date=30 June 2024 |title=Bajaj Finserv Mutual Fund, Key Information |url=https://www.moneycontrol.com/mutual-funds/amc-details/BF |access-date=28 August 2024 |website=[[Moneycontrol]]}}</ref><ref>{{Cite web |last=Singh |first=Raveena |date=2024-12-20 |title=How Bajaj Finserv carpet-bombed its way to $2.2B in mutual funds |url=https://the-ken.com/story/how-bajaj-finserv-carpet-bombed-its-way-to-2-2b-in-mutual-funds/ |access-date=2024-12-25 |website=The Ken |language=en-US}}</ref>
* '''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.<ref>{{Cite web |title=Loans on Bajaj Markets: Address diverse needs with 9 products |url=https://www.aninews.in/news/business/business/loans-on-bajaj-markets-address-diverse-needs-with-9-products20230512150432/ |access-date=28 June 2023 |website=[[Asian News International]] |archive-date=12 May 2023 |archive-url=https://web.archive.org/web/20230512130353/https://www.aninews.in/news/business/business/loans-on-bajaj-markets-address-diverse-needs-with-9-products20230512150432/ |url-status=live }}</ref>
* '''Bajaj Finserv Health''' is a healthtech company.<ref>{{Cite web |date=2020-09-22 |title=Bajaj Finserv enters healthtech solutions business |url=https://indianexpress.com/article/business/companies/bajaj-finserv-enters-healthtech-solutions-business-6606297/ |access-date=2023-04-27 |website=The Indian Express |language=en |archive-date=27 April 2023 |archive-url=https://web.archive.org/web/20230427133433/https://indianexpress.com/article/business/companies/bajaj-finserv-enters-healthtech-solutions-business-6606297/ |url-status=live }}</ref><ref>{{Cite web |last=Gopakumar |first=Gopika |date=2020-09-23 |title=Bajaj Finserv forays into healthtech |url=https://www.livemint.com/companies/news/bajaj-finserv-forays-into-healthtech-11600824886565.html |access-date=2023-04-27 |website=mint |language=en |archive-date=27 April 2023 |archive-url=https://web.archive.org/web/20230427133431/https://www.livemint.com/companies/news/bajaj-finserv-forays-into-healthtech-11600824886565.html |url-status=live }}</ref> In early 2024, the company acquired Bangalore-based Vidal Healthcare Services and its two subsidiaries as part of its pan-India expansion of outpatient delivery services.<ref>{{Cite web |last=Kayastha |first=Anshika |date=2024-01-30 |title=Bajaj Finserv's healthtech arm to acquire Vidal Healthcare for ₹325 crore |url=https://www.thehindubusinessline.com/money-and-banking/bajaj-finservs-healthtech-arm-to-acquire-vidal-healthcare-for-325-crore/article67793225.ece |access-date=2024-10-28 |website=BusinessLine |language=en}}</ref><ref>{{Cite news |last=Anand |first=Nisha |date=30 January 2024 |title=Bajaj Finserv arm acquires 100% stake in Vidal Healthcare Services |url=https://www.business-standard.com/companies/news/bajaj-finserv-arm-acquires-100-stake-in-vidal-healthcare-services-124013000488_1.html |access-date=28 October 2024 |work=[[Business Standard]]}}</ref> As of December 2024, the company's network includes more than 100,000 hospitals and 80,000 doctors.<ref>{{Cite news |last=Varier |first=Aathira |date=2 December 2024 |title=Bajaj Finserv Health aims to break even by FY27, says CEO Devang Mody |url=https://www.business-standard.com/companies/news/bajaj-finserv-health-aims-to-break-even-by-fy27-says-ceo-devang-mody-124120201007_1.html |access-date=25 December 2024 |work=[[Business Standard]]}}</ref>
* '''Bajaj Alternate Investment Management''' is an early-stage [[equity fund]] and a real estate-focused [[alternative investment fund]], started in September 2025.<ref>{{Cite web |last=Shah |first=Sneha |date=2025-09-26 |title=Bajaj Finserv Group enters Alts biz, to launch VC and real estate focused funds |url=https://www.livemint.com/companies/bajaj-finserv-sanjiv-bajaj-alternative-investment-fund-lakshmi-iyer-11758806643918.html |access-date=2025-10-03 |website=mint |language=en}}</ref><ref>{{Cite news |last=Das |first=Saikat |date=15 October 2025 |title=Bajaj Alternate Scouts for C-Suite Talent Ahead of Fund Launches |url=https://www.bloomberg.com/news/articles/2025-10-15/bajaj-alternate-scouts-for-c-suite-talent-ahead-of-fund-launches |access-date=13 January 2026 |work=[[Bloomberg News|Bloomberg]]}}</ref>
 
== Philanthropy ==
 
* January 2023, Bajaj Finserv launched a scholarship program with [[National Centre for Promotion of Employment for Disabled People]] for the students with disabilities.<ref>{{Cite web |title=NCPEDP- Bajaj Finserv Scholarship Program for Students with Disabilities – National Centre for Promotion of Employment for Disabled People |url=https://ncpedp.org/ncpedp-bajaj-finserv-scholarship-program-for-students-with-disabilities/ |access-date=2024-05-13 |website=ncpedp.org}}</ref><ref>{{Cite web |last=Solanki |first=Damini |date=2023-01-24 |title=NCPEDP, Bajaj Finserv to Provide Scholarship to 100 Students With Disabilities |url=https://www.news18.com/news/education-career/ncpedp-bajaj-finserv-to-provide-scholarship-to-100-students-with-disabilities-6906253.html |access-date=2023-08-04 |website=News18 |language=en}}</ref>
* August 2023, the company, in association with Pune-based [[Ruby Hall Clinic]] launched CyberKnife S7 system for non-invasive radiation therapy to treat cancerous tumours.<ref>{{Cite web |date=2023-08-01 |title=Bajaj Finserv and Ruby Hall jointly inaugurate cutting-edge tech for radiotherapy |url=https://indianexpress.com/article/cities/pune/bajaj-finserv-ruby-hall-new-tech-radiotherapy-8871146/ |access-date=2023-08-04 |website=The Indian Express |language=en}}</ref>
* December 2023, Bajaj Finserv collaborated with the [[All India Council for Technical Education]] and the [[National Skill Development Corporation]] to launch a certificate programme focused on banking, finance, and insurance.<ref>{{Cite web |date=2023-12-13 |title=AICTE, NSDC and Bajaj Finserv comes together to introduce Certificate Programme in Banking, Finance and Insurance |url=https://www.financialexpress.com/jobs-career/education-aicte-nsdc-and-bajaj-finserv-comes-together-to-introduce-certificate-programme-in-banking-finance-and-insurancenbsp-3337145/ |access-date=2024-03-08 |website=[[The Financial Express (India)|Financial Express]] |language=en}}</ref><ref>{{Cite web |last=Srivats |first=K. R. |date=2023-12-12 |title=Dharmendra Pradhan foresees India becoming hub for global financial services market |url=https://www.thehindubusinessline.com/economy/dharmendra-pradhan-foresees-india-becoming-hub-for-global-financial-market/article67630620.ece |access-date=2024-03-08 |website=[[Business Line|Hindu Business Line]] |language=en}}</ref> Together they launched a skill development initiative, named Project ODISERV, at [[Gangadhar Meher University]] in [[Sambalpur]], [[Odisha]].<ref>{{Cite web |date=2024-03-02 |title=Pradhan launches new project in Odisha to help youth become employable |url=https://indianexpress.com/article/education/pradhan-launches-new-project-in-odisha-to-empower-youth-employable-9191882/ |access-date=2024-05-01 |website=The Indian Express |language=en}}</ref><ref>{{Cite web |date=2024-03-02 |title=Union Education Minister Dharmendra Pradhan launches Project ODISERV in Odisha |url=https://www.hindustantimes.com/education/employment-news/union-education-minister-dharmendra-pradhan-launches-project-odiserv-in-odisha-101709358170768.html |access-date=2024-05-01 |website=Hindustan Times |language=en}}</ref>
 
=== Bajaj Finserv BEYOND ===
Bajaj Finserv BEYOND is an educational initiative that trains final-year undergraduates from smaller towns for entry-level roles in the Banking, Financial Services, and Insurance (BFSI) sector through its certification program.<ref>{{Cite book |last1=Kaur |first1=Gurloveleen |last2=Saluja |first2=Shefali |last3=Gupta |first3=Swati |last4=Mittal |first4=Inu |title=Sustainable Practices and Challenges: An Ex-Post Analysis of Selected Private Companies in India |url=https://www.taylorfrancis.com/chapters/edit/10.1201/9781003638100-2/sustainable-practices-challenges-ex-post-analysis-selected-private-companies-india-gurloveleen-kaur-shefali-saluja-swati-gupta-inu-mittal |publisher=Taylor & Francis |date=2025 |pages=21–43 |language=en |doi=10.1201/9781003638100-2 |isbn=978-1-003-63810-0 |archive-url=https://web.archive.org/web/20250430233310/https://www.taylorfrancis.com/chapters/edit/10.1201/9781003638100-2/sustainable-practices-challenges-ex-post-analysis-selected-private-companies-india-gurloveleen-kaur-shefali-saluja-swati-gupta-inu-mittal |archive-date=2025-04-30|url-access=subscription }}</ref>
 
== See also ==
 
* [[Finance Company]]


== References ==
== References ==
{{Reflist}}
{{Reflist}}
== Further reading ==
{{Further reading cleanup|date=November 2025}}
* {{Cite news |last=Iyer |first=Aparna |date=19 March 2025 |title=Farewell Allianz, hello growth? Bajaj Finserv's post-exit prospects |url=https://www.moneycontrol.com/news/opinion/farewell-allianz-hello-growth-bajaj-finserv-s-post-exit-prospects-12968776.html |access-date=30 March 2025 |work=[[Moneycontrol]]}}
*{{Cite journal |last1=Mythili |first1=D. |last2=Hariharan |first2=I. |last3=Gugan |first3=A. E. |title=A Study On Financial Performance Of Bajaj Finserv Limited |year=2025 |journal=International Journal of Management Research and Review |volume=15 |issue=2 |pages=39–44 |url=https://www.proquest.com/openview/5943e46f7f28207c5ce4e2c99e879435/ |access-date=2025-12-03 |via=[[ProQuest]]}}
* {{Cite journal |last1=Ramya |first1=D. |last2=Suresha |date=20 December 2024 |title=Reinforcement Learning Driven Trading Algorithm with Optimized Stock Portfolio Management Scheme to Control Financial Risk |url=https://link.springer.com/article/10.1007/s42979-024-03555-0 |journal=SN Computer Science |publisher=Springer |volume=6 |article-number=19 |doi=10.1007/s42979-024-03555-0 |access-date=24 June 2025|url-access=subscription }}
* {{Cite journal |last1=Saka-Helmhout |first1=Ayse |last2=Álamos-Concha |first2=Priscilla |last3=Polo-Barceló |first3=Carlos |last4=Edwards |first4=Tony |last5=Murray |first5=Gregor |date=October 2024 |title=Corporate social innovation by multinationals: A framework for future research |journal=International Business Review |volume=33 |issue=5 |article-number=102273 |doi=10.1016/j.ibusrev.2024.102273|doi-access=free |hdl=2066/309559 |hdl-access=free }}
* {{Cite news |date=6 June 2023 |title=Bajaj Finserv banks on tech, last-mover advantage to make its mark in MF biz |url=https://www.thehindubusinessline.com/markets/bajaj-finserv-banks-on-tech-last-mover-advantage-to-make-its-mark-in-mf-biz/article66937708.ece |access-date=28 August 2024 |work=[[The Hindu]]}}
* {{Cite news |last=Borate |first=Neil |date=6 June 2023 |title=How Bajaj Finserv plans to sell mutual funds to its 100 million clients |url=https://www.livemint.com/money/personal-finance/how-bajaj-finserv-plans-to-sell-mfs-to-its-100-mn-clients-11686071626409.html |access-date=28 August 2024 |work=[[Mint (newspaper)|Mint]]}}
* {{Cite book |last1=Katragadda |first1=Raghuveer |url=https://www.degruyter.com/document/doi/10.1515/9783111172408/html |title=Artificial Intelligence Enabled Management: An Emerging Economy Perspective |last2=Bathini |first2=Hari Babu |last3=Atluri |first3=Sree Ram |date=4 June 2024 |publisher=[[De Gruyter]] |isbn=978-3111171050 |editor-last=Kumar |editor-first=Anil |pages=257 |chapter=Chapter 16: Application of Artificial Intelligence and Machine-Learning Algorithms for Forecasting Risk: The Case of the Indian Stock Market |doi=10.1515/9783111172408 |editor-last2=Singh |editor-first2=Rubee |editor-last3=Khan |editor-first3=Shahbaz |editor-last4=Kumar |editor-first4=Vikas |chapter-url=https://books.google.com/books?id=wgkFEQAAQBAJ&dq=%22Bajaj+Finserv%22&pg=PA249}}
* {{Cite journal |last=Pradeep Pulikottil |first=Rahul |date=2023 |title=Competitive and contagion effect of initial public offerings in India: An empirical study |journal=Social Sciences & Humanities Open |publisher=[[Elsevier]] |volume=8 |issue=1 |article-number=100643 |doi=10.1016/j.ssaho.2023.100643 |eissn=2590-2911|doi-access=free }}
* {{Cite journal |last1=Nair |first1=Jitesh |last2=Pasala |first2=Balaswamy |date=2020 |title=Bajaj Allianz - A Pioneer in Adopting Digital Technologies for Recruitment in the Insurance Industry |url=https://www.thecasecentre.org/products/view?id=171011 |journal=[[The Case Centre]] |publisher=[[ICFAI Business School Hyderabad]]}}
* {{cite journal |last1=Sareen|first1=Puja|last2=Sharma|first2=Tanuja|last3=Naqvi|first3=Rizwan|last4=Naqvi|first4=Aiman|date=2019|title=Changing HR Landscape for Meeting Business Challenges: Case Study of Bajaj Finserv Limited |url=https://www.thecasecentre.org/products/view?id=166490|journal=[[The Case Centre]]|publisher=[[Cranfield University]]}}
* {{Cite journal |last1=Rathore |first1=Tushar |last2=Lawande |first2=Naval |date=2019 |title=Bajaj Allianz General Insurance Company Limited with Special Focus to Car Insurance in India |url=https://www.thecasecentre.org/products/view?id=161968 |journal=[[The Case Centre]] |publisher=[[Symbiosis Institute of Management Studies]]}}
* {{Cite journal |last1=Ghosh |first1=Renu |last2=Latha |first2=K. |last3=Gupta |first3=Sunita |date=2018-08-20 |title=Interest Rate Sensitivity of Non-banking Financial Sector in India |journal=[[Vikalpa (journal)|Vikalpa]] |volume=43 |issue=3 |pages=152–170 |doi=10.1177/0256090918792803 |doi-access=free }}
* {{Cite journal |last=Kataria |first=Sonia |date=2017 |title=Bajaj Allianz General Insurance: Using Humour to Break the Clutter |url=https://www.thecasecentre.org/products/view?id=148065 |journal=[[The Case Centre]] |publisher=[[Amity University (disambiguation)|Amity University]] |via=}}
* {{Cite news |last=Raghunathan |first=Anuradha |date=22 September 2017 |title=Bajaj Finserv: Indian consumer's best friend |url=https://www.forbesindia.com/article/cross-border/bajaj-finserv-indian-consumers-best-friend/48177/1 |access-date=1 March 2025 |work=[[Forbes India]]}}
* {{Cite news |last1=Sarkar |first1=Pooja |last2=Dugal |first2=Ira |date=1 July 2016 |title=The rise of Indian financial conglomerates |url=https://www.livemint.com/Industry/ykzVfA7TeNdHjfOQ2LTH6M/The-rise-of-Indian-financial-conglomerates.html |access-date=1 March 2025 |work=[[Mint (newspaper)|Mint]]}}
* {{Cite web |last1=Swapna |first1=A. J. |last2=Chowdary |first2=Nagendra |date=2015-11-26 |title=Bajaj Finserv's – Quest to Stand Apart |url=https://www.etcases.com/bajaj-finservs-quest-to-stand-apart.html |access-date=2025-01-12 |website=ET Cases}}
* {{cite journal |last1=Aggarwal|first1=Vaibhav|last2=Kaur|first2=Sumeet|date=2014|title=Competitive Analysis of Loan Against Securities and Customer Satisfaction Survey |url=https://dspace.fsm.ac.in/jspui/handle/123456789/3399|journal=[[DSpace]]|location=[[New Delhi]]|publisher=FORE School of Management}}
* {{Cite journal |last=Walter |first=Ingo |date=2009 |title=Insuring the Poor: Bajaj Allianz Microinsurance Initiatives in India |url=https://www.thecasecentre.org/products/view?id=91187 |journal=[[The Case Centre]] |publisher=[[Stern School of Business]], [[New York University]]}}


==External links==
==External links==
*{{Official website|http://www.bajajfinserv.in/}} (Bajaj Finserv Direct Limited)
 
*[https://www.bajajfinservmarkets.in/ Bajaj Finserv Markets] (Subsidiary)
[https://www.bajajfinservhealth.in/ Bajaj Finserv Health] (Subsidiary)
{{Bajaj Group}}
{{Bajaj Group}}
{{Nifty 200 companies}}
{{Nifty 200 companies}}
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[[Category:Asset management companies]]

Latest revision as of 09:24, 5 February 2026


Not to be confused with Bajaj Finance.

Bajaj Finserv Limited
Traded as
ISINTemplate:ISIN
IndustryFinancial services
FoundedMay 2007; 19 years ago (2007-05)[1]
Founder(s)Jamnalal Bajaj
Headquarters
Pune, Maharashtra, India
Key people
Sanjiv Bajaj (chairman & Managing Director)
Products
RevenueIncrease₹133,821.05 crore (US$19 billion)[3] (2025)
Increase₹47,646 crore (US$6.7 billion)[3] (2025)
Increase₹17,539.65 crore (US$2.5 billion)[3] (2025)
Total assetsIncrease₹405,509 crore (US$57 billion)[1] (2024)
Total equityIncrease₹72,346 crore (US$10 billion)[1] (2025)
Number of employees
105 (2022)[4]
ParentBajaj Group[1]
Subsidiaries
  • Bajaj Finance[5]
    Bajaj Allianz General Insurance
    Bajaj Allianz Life Insurance
    Bajaj Housing Finance[1]
    Bajaj Finserv Markets [6]
  • Bajaj Finserv Asset Management Company
  • Bajaj Finserv Direct (Bajaj Markets)
  • 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[edit | edit source]

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] and now holds surplus cash and investments with the purpose of providing financial support to the auto and/or finance business or exploring fresh business prospects. The BHIL has been registered as a Non–Banking Financial Company (NBFC) under the Registration No. N–13.01952 dated 29 October 2009 with Reserve Bank of India (RBI).[20]

Starting in 2017, Bajaj Finserv adopted blockchain technology for services like travel insurance, allowing claim resolution before customer registration.[21] By 2023, they had extended blockchain's utility to enhance trader and customer connections.[22]

Apart from financial services, it is also active in wind energy generation with an installed capacity of 65.2 MW.[5][23][24] In the quarterly results for June 2022, the company's board of directors has approved the sub-division of its equity shares in a ratio of 1:5.[25]

As of 1 July 2025, the Bajaj Group holds a 55% stake in the company.[26]

Subsidiaries[edit | edit source]

  • Bajaj Finance was initially incepted as Bajaj Auto Finance in 1987. Later diversified into business and property financing.[27][28]
  • Bajaj Life Insurance (formerly Bajaj Allianz Life Insurance[29]) started as a joint venture between Bajaj Finserv and Allianz SE.[30][31] The company received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 3 August 2001 to conduct life insurance business in India.[32] In 2025, Bajaj Finserv acquired Allianz SE's stake in Bajaj Life Insurance for ₹10,400 crore (US$1.5 billion).[33][34]
  • Bajaj General Insurance (formerly Bajaj Allianz General Insurance[29]) is a private general insurance company[35] which began as a joint venture between Bajaj Finserv and Allianz SE in 2001.[36] In 2025, Bajaj Finserv acquired Allianz SE's stake in Bajaj Allianz General Insurance for ₹13,780 crore (US$1.9 billion).[33][34] By January 2026, Allianz had fully exited the insurance business in India, increasing the group’s overall holding in both insurance arms to 97%.[37]
  • Bajaj Housing Finance provides housing finance services, including home loans and loans against property.[38]
  • Bajaj Finserv Asset Management Company is an asset management company.[39] 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.[40] It disclosed an average of ₹16,293 crore (US$2.3 billion) in average assets under management (AAUM) for the quarter ending 30 September 2024,[41][42] with 13 mutual funds.[43][44]
  • 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.[45]
  • Bajaj Finserv Health is a healthtech company.[46][47] In early 2024, the company acquired Bangalore-based Vidal Healthcare Services and its two subsidiaries as part of its pan-India expansion of outpatient delivery services.[48][49] As of December 2024, the company's network includes more than 100,000 hospitals and 80,000 doctors.[50]
  • Bajaj Alternate Investment Management is an early-stage equity fund and a real estate-focused alternative investment fund, started in September 2025.[51][52]

Philanthropy[edit | edit source]

Bajaj Finserv BEYOND[edit | edit source]

Bajaj Finserv BEYOND is an educational initiative that trains final-year undergraduates from smaller towns for entry-level roles in the Banking, Financial Services, and Insurance (BFSI) sector through its certification program.[60]

See also[edit | edit source]

References[edit | edit source]

  1. ↑ 1.0 1.1 1.2 1.3 1.4 "Bajaj Finserv Consolidated Balance Sheet, Bajaj Finserv Financial Statement & Accounts". moneycontrol.com. Retrieved 24 June 2025.
  2. ↑ "Apply for Loans, EMI Finance, Credit Card and Insurance – Bajaj Finserv". bajajfinserv.in.
  3. ↑ 3.0 3.1 3.2 "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. ↑ 5.0 5.1 "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.
  6. ↑ "ACKO partners with Bajaj Finserv's subsidiary – Finserv MARKETS". ibsintelligence.com. Archived from the original on 26 September 2022. Retrieved 5 January 2021.
  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.
  13. ↑ 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.
  14. ↑ "Bajaj Finserv's Q1 consolidated net profit rises 14%" Archived 4 November 2014 at the Wayback Machine Business Standard. Retrieved 2014-11-03.
  15. ↑ 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.
  16. ↑ 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.
  17. ↑ "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.
  18. ↑ "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.
  19. ↑ "Bajaj Holdings & Investment Ltd". Business Standard India. Retrieved 9 October 2022.
  20. ↑ "Bajaj Holdings and Investment Ltd". bajajauto.com. Archived from the original on 16 January 2019. Retrieved 21 January 2019.
  21. ↑ "Indian cos using blockchain technology to better services". The Times of India. 4 November 2017. ISSN 0971-8257. Retrieved 30 August 2023.
  22. ↑ Raj, Arman; Kumar, Avneesh; Sharma, Vandana; Rani, Seema; Shanu, Ankit Kumar (May 2023). "Enhancing Security Feature in Financial Transactions using Multichain Based Blockchain Technology". 2023 4th International Conference on Intelligent Engineering and Management (ICIEM). pp. 1–6. doi:10.1109/ICIEM59379.2023.10166589. ISBN 979-8-3503-4112-6. S2CID 259339118.
  23. ↑ "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.
  24. ↑ "Bajaj Finserv Ltd windfarm (India)" The WindPower. Retrieved 2014-11-03.
  25. ↑ Nahar, Pawan. "Bajaj Finserv announces stock split, bonus issue for shareholders". The Economic Times. Archived from the original on 31 August 2022. Retrieved 31 August 2022.
  26. ↑ Conchie, Charlie (1 July 2025). "India's Bajaj Finserv hiks customer target to 250 million". Reuters. Retrieved 3 December 2025.
  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. ↑ 29.0 29.1 "Bajaj Finserv rebrands its general, life insurance businesses". The Hindu. 8 October 2025. ISSN 0971-751X. Retrieved 4 November 2025.
  30. ↑ 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.
  31. ↑ "Company Overview of Bajaj Allianz Life Insurance Company Limited". investing.businessweek.com. Archived from the original on 15 November 2007. Retrieved 10 February 2014.
  32. ↑ "Bajaj Allianz Life Insurance company Info". smartinvestments.com. Archived from the original on 6 October 2017. Retrieved 3 January 2022.
  33. ↑ 33.0 33.1 Ghosh, Shayan; Mukherjee, Anubhav (17 March 2025). "Bajaj Group to buy 26% each in insurance businesses from Allianz". Mint. Retrieved 30 March 2025.
  34. ↑ 34.0 34.1 "Bajaj Finserv rebrands insurance arms after Allianz exit". The Times of India. 8 October 2025. ISSN 0971-8257. Retrieved 4 November 2025.
  35. ↑ "Bajaj Finserv justifies the rise in share price". 20 May 2015. Archived from the original on 3 January 2022. Retrieved 3 January 2022.
  36. ↑ 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.
  37. ↑ Navin, Nishit. Biswas, Shreya (ed.). "India's Bajaj Group completes 23% stake acquisition in its insurance units from Allianz". Reuters. Retrieved 13 January 2026.
  38. ↑ 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.
  39. ↑ "Bajaj Finserv AMC files papers for launching seven NFOs". www.thehindubusinessline.com. 10 April 2023. Retrieved 27 April 2023.
  40. ↑ "Bajaj Finserv gets Sebi license to start mutual fund business". Business Today. 1 March 2023. Retrieved 27 April 2023.
  41. ↑ 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.
  42. ↑ "Bajaj Finserv Q2 Profit up 8 Per cent at Rs 2,087 Cror". Outlook Business. 24 October 2024. Retrieved 28 October 2024.
  43. ↑ "Bajaj Finserv Mutual Fund, Key Information". Moneycontrol. 30 June 2024. Retrieved 28 August 2024.
  44. ↑ Singh, Raveena (20 December 2024). "How Bajaj Finserv carpet-bombed its way to $2.2B in mutual funds". The Ken. Retrieved 25 December 2024.
  45. ↑ "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.
  46. ↑ "Bajaj Finserv enters healthtech solutions business". The Indian Express. 22 September 2020. Archived from the original on 27 April 2023. Retrieved 27 April 2023.
  47. ↑ Gopakumar, Gopika (23 September 2020). "Bajaj Finserv forays into healthtech". mint. Archived from the original on 27 April 2023. Retrieved 27 April 2023.
  48. ↑ Kayastha, Anshika (30 January 2024). "Bajaj Finserv's healthtech arm to acquire Vidal Healthcare for ₹325 crore". BusinessLine. Retrieved 28 October 2024.
  49. ↑ Anand, Nisha (30 January 2024). "Bajaj Finserv arm acquires 100% stake in Vidal Healthcare Services". Business Standard. Retrieved 28 October 2024.
  50. ↑ Varier, Aathira (2 December 2024). "Bajaj Finserv Health aims to break even by FY27, says CEO Devang Mody". Business Standard. Retrieved 25 December 2024.
  51. ↑ Shah, Sneha (26 September 2025). "Bajaj Finserv Group enters Alts biz, to launch VC and real estate focused funds". mint. Retrieved 3 October 2025.
  52. ↑ Das, Saikat (15 October 2025). "Bajaj Alternate Scouts for C-Suite Talent Ahead of Fund Launches". Bloomberg. Retrieved 13 January 2026.
  53. ↑ "NCPEDP- Bajaj Finserv Scholarship Program for Students with Disabilities – National Centre for Promotion of Employment for Disabled People". ncpedp.org. Retrieved 13 May 2024.
  54. ↑ Solanki, Damini (24 January 2023). "NCPEDP, Bajaj Finserv to Provide Scholarship to 100 Students With Disabilities". News18. Retrieved 4 August 2023.
  55. ↑ "Bajaj Finserv and Ruby Hall jointly inaugurate cutting-edge tech for radiotherapy". The Indian Express. 1 August 2023. Retrieved 4 August 2023.
  56. ↑ "AICTE, NSDC and Bajaj Finserv comes together to introduce Certificate Programme in Banking, Finance and Insurance". Financial Express. 13 December 2023. Retrieved 8 March 2024.
  57. ↑ Srivats, K. R. (12 December 2023). "Dharmendra Pradhan foresees India becoming hub for global financial services market". Hindu Business Line. Retrieved 8 March 2024.
  58. ↑ "Pradhan launches new project in Odisha to help youth become employable". The Indian Express. 2 March 2024. Retrieved 1 May 2024.
  59. ↑ "Union Education Minister Dharmendra Pradhan launches Project ODISERV in Odisha". Hindustan Times. 2 March 2024. Retrieved 1 May 2024.
  60. ↑ Kaur, Gurloveleen; Saluja, Shefali; Gupta, Swati; Mittal, Inu (2025). Sustainable Practices and Challenges: An Ex-Post Analysis of Selected Private Companies in India. Taylor & Francis. pp. 21–43. doi:10.1201/9781003638100-2. ISBN 978-1-003-63810-0. Archived from the original on 30 April 2025.

Further reading[edit | edit source]

External links[edit | edit source]

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