Bajaj Finserv

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Bajaj Finserv Limited is an Indian non-banking financial services company[1][2] headquartered in Pune. It is focused on lending, asset management, wealth management and insurance.[3][4]

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.[5][6] It is a financial conglomerate with stakes in the financing sector (Bajaj Finance),[7][8] the life insurance business (Bajaj Life Insurance), the general insurance business (Bajaj General Insurance),[9][10] and the mutual fund business (Bajaj Finserv Mutual Funds).[11][12]

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[13] 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).[14]

Starting in 2017, Bajaj Finserv adopted blockchain technology for services like travel insurance, allowing claim resolution before customer registration.[15] By 2023, they had extended blockchain's utility to enhance trader and customer connections.[16]

Apart from financial services, it is also active in wind energy generation with an installed capacity of 65.2 MW.[17][18][19] 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.[20]

As of 1 July 2025, the Bajaj Group holds a 55% stake in the company.[21]

Subsidiaries

  • Bajaj Finance was initially incepted as Bajaj Auto Finance in 1987. Later diversified into business and property financing.[22][23]
  • Bajaj Life Insurance (formerly Bajaj Allianz Life Insurance[24]) started as a joint venture between Bajaj Finserv and Allianz SE.[25][26] The company received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 3 August 2001 to conduct life insurance business in India.[27] In 2025, Bajaj Finserv acquired Allianz SE's stake in Bajaj Life Insurance for Template:INRConvert.[28][29]
  • Bajaj General Insurance (formerly Bajaj Allianz General Insurance[24]) is a private general insurance company[30] which began as a joint venture between Bajaj Finserv and Allianz SE in 2001.[31] In 2025, Bajaj Finserv acquired Allianz SE's stake in Bajaj Allianz General Insurance for Template:INRConvert.[28][29] By January 2026, Allianz had fully exited the insurance business in India, increasing the group’s overall holding in both insurance arms to 97%.[32]
  • Bajaj Housing Finance provides housing finance services, including home loans and loans against property.[33]
  • Bajaj Finserv Asset Management Company is an asset management company.[34] 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.[35] It disclosed an average of Template:INRConvert in average assets under management (AAUM) for the quarter ending 30 September 2024,[36][37] with 13 mutual funds.[38][39]
  • 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.[40]
  • Bajaj Finserv Health is a healthtech company.[41][42] 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.[43][44] As of December 2024, the company's network includes more than 100,000 hospitals and 80,000 doctors.[45]
  • Bajaj Alternate Investment Management is an early-stage equity fund and a real estate-focused alternative investment fund, started in September 2025.[46][47]

Philanthropy

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.[55]

See also

References

  1. ↑ "Bajaj Finserv Ltd" Template:Webarchive Bloomberg. Retrieved 2014-11-03.
  2. ↑ "Bajaj Finserv Ltd" Template:Webarchive India Infoline. Retrieved 2014-11-03.
  3. ↑ "Bajaj Finserv Ltd." Template:Webarchive The Economic Times. Retrieved 2014-11-03.
  4. ↑ "Bajaj Finserv to float a housing finance company" Template:Webarchive The Times of India. Retrieved 2014-11-03.
  5. ↑ "Bajaj Auto demerger approved" Template:Webarchive The Economic Times. Retrieved 2014-11-03.
  6. ↑ Investing in India, + Website: A Value Investor's Guide to the Biggest Untapped Opportunity in the World{{#if:Saraogi|, Saraogi}. John Wiley & Sons(2014-04-21). ISBN 978-1-118-75609-6
  7. ↑ To evaluate the perception of the parent brand Bajaj vis-à-vis Bajaj Finserv, Chatterjee, Sinjinee. tapmi.informaticsglobal.com(2018). Retrieved 2022-08-31.
  8. ↑ "Bajaj Finserv's Q1 consolidated net profit rises 14%" Template:Webarchive Business Standard. Retrieved 2014-11-03.
  9. ↑ Bajaj Finserv (BAFINS): Improving prospects of key subsidiaries to add value. ICICIDirect(September 22, 2021). Retrieved 31 May 2022.
  10. ↑ Initiating Coverage Bajaj Finserv Ltd., Karwa, Atul. HDFC securities(28 October 2020). Retrieved 31 May 2022.
  11. ↑ Bajaj Finserv Mutual Fund launched. The Economic Times(2023-06-06). Retrieved 2023-06-28.
  12. ↑ Bajaj Finserv forays into mutual funds. The Hindu(2023-06-06). Retrieved 2023-06-28.
  13. ↑ Bajaj Holdings & Investment Ltd.. Business Standard India. Retrieved 2022-10-09.
  14. ↑ Bajaj Holdings and Investment Ltd.. bajajauto.com. Retrieved 2019-01-21.
  15. ↑ Indian cos using blockchain technology to better services. The Times of India(2017-11-04). Retrieved 2023-08-30.
  16. ↑ 2023 4th International Conference on Intelligent Engineering and Management (ICIEM){{#if:|, {{{last}}}}(May 2023). ISBN 979-8-3503-4112-6
  17. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named auto
  18. ↑ Post division, brothers Rajiv and Sanjiv Bajaj taking Bajaj Group to new highs. The Economic Times. Retrieved 2014-11-03.
  19. ↑ "Bajaj Finserv Ltd windfarm (India)" The WindPower. Retrieved 2014-11-03.
  20. ↑ Bajaj Finserv announces stock split, bonus issue for shareholders. The Economic Times. Retrieved 2022-08-31.
  21. ↑ India's Bajaj Finserv hiks customer target to 250 million. Reuters(1 July 2025). Retrieved 3 December 2025.
  22. ↑ Profitability Analysis of Lease Financing Company (A Study with Reference to Bajaj Finance Limited). papers.ssrn.com. Retrieved 27 December 2023.
  23. ↑ Marketing Management, 2nd Edition{{#if:Meenakshi|, Meenakshi}. Vikas Publishing House(2011). ISBN 978-81-259-4259-7
  24. ↑ 24.0 24.1 Bajaj Finserv rebrands its general, life insurance businesses. The Hindu(2025-10-08). Retrieved 2025-11-04.
  25. ↑ Management in Action: An HR Perspective{{#if:|, {{{last}}}}. Taylor & Francis(2023-06-02). ISBN 978-1-000-89915-3
  26. ↑ Company Overview of Bajaj Allianz Life Insurance Company Limited. investing.businessweek.com.
  27. ↑ Bajaj Allianz Life Insurance company Info. smartinvestments.com. Retrieved 3 January 2022.
  28. ↑ 28.0 28.1 Bajaj Group to buy 26% each in insurance businesses from Allianz. Mint(17 March 2025). Retrieved 30 March 2025.
  29. ↑ 29.0 29.1 Bajaj Finserv rebrands insurance arms after Allianz exit. The Times of India(2025-10-08). Retrieved 2025-11-04.
  30. ↑ Bajaj Finserv justifies the rise in share price(20 May 2015). Retrieved 3 January 2022.
  31. ↑ A COMPARATIVE STUDY OF FINANCIAL PERORMANCE [sic EVALUTION OF SELECTED NON- LIFE INSURANCE COMPANIES OF INDIA], Ashokbhai Kalola, Aneri. Atmiya University(2024-03-30). Retrieved 2025-01-12.
  32. ↑ India's Bajaj Group completes 23% stake acquisition in its insurance units from Allianz. Reuters. Retrieved 13 January 2026.
  33. ↑ Handbook of Non-Banking Financial Companies{{#if:Babel|, Babel}. Bloomsbury Publishing(2021-03-15). ISBN 978-93-90176-20-5
  34. ↑ Bajaj Finserv AMC files papers for launching seven NFOs. www.thehindubusinessline.com(2023-04-10). Retrieved 2023-04-27.
  35. ↑ Bajaj Finserv gets Sebi license to start mutual fund business. Business Today(2023-03-01). Retrieved 2023-04-27.
  36. ↑ Bajaj Finserv Q2 Results: Profit rises by 8.2% to Rs 2,086.97 crore, revenue up 29.5% YoY, Krishna, Tanya. Financialexpress(2024-10-23). Retrieved 2024-10-28.
  37. ↑ Bajaj Finserv Q2 Profit up 8 Per cent at Rs 2,087 Cror. Outlook Business(2024-10-24). Retrieved 2024-10-28.
  38. ↑ Bajaj Finserv Mutual Fund, Key Information. Moneycontrol(30 June 2024). Retrieved 28 August 2024.
  39. ↑ How Bajaj Finserv carpet-bombed its way to $2.2B in mutual funds, Singh, Raveena. The Ken(2024-12-20). Retrieved 2024-12-25.
  40. ↑ Loans on Bajaj Markets: Address diverse needs with 9 products. Asian News International. Retrieved 28 June 2023.
  41. ↑ Bajaj Finserv enters healthtech solutions business. The Indian Express(2020-09-22). Retrieved 2023-04-27.
  42. ↑ Bajaj Finserv forays into healthtech, Gopakumar, Gopika. mint(2020-09-23). Retrieved 2023-04-27.
  43. ↑ Bajaj Finserv's healthtech arm to acquire Vidal Healthcare for ₹325 crore, Kayastha, Anshika. BusinessLine(2024-01-30). Retrieved 2024-10-28.
  44. ↑ Bajaj Finserv arm acquires 100% stake in Vidal Healthcare Services. Business Standard(30 January 2024). Retrieved 28 October 2024.
  45. ↑ Bajaj Finserv Health aims to break even by FY27, says CEO Devang Mody. Business Standard(2 December 2024). Retrieved 25 December 2024.
  46. ↑ Bajaj Finserv Group enters Alts biz, to launch VC and real estate focused funds, Shah, Sneha. mint(2025-09-26). Retrieved 2025-10-03.
  47. ↑ Bajaj Alternate Scouts for C-Suite Talent Ahead of Fund Launches. Bloomberg(15 October 2025). Retrieved 13 January 2026.
  48. ↑ NCPEDP- Bajaj Finserv Scholarship Program for Students with Disabilities – National Centre for Promotion of Employment for Disabled People. ncpedp.org. Retrieved 2024-05-13.
  49. ↑ NCPEDP, Bajaj Finserv to Provide Scholarship to 100 Students With Disabilities, Solanki, Damini. News18(2023-01-24). Retrieved 2023-08-04.
  50. ↑ Bajaj Finserv and Ruby Hall jointly inaugurate cutting-edge tech for radiotherapy. The Indian Express(2023-08-01). Retrieved 2023-08-04.
  51. ↑ AICTE, NSDC and Bajaj Finserv comes together to introduce Certificate Programme in Banking, Finance and Insurance. Financial Express(2023-12-13). Retrieved 2024-03-08.
  52. ↑ Dharmendra Pradhan foresees India becoming hub for global financial services market, Srivats, K. R.. Hindu Business Line(2023-12-12). Retrieved 2024-03-08.
  53. ↑ Pradhan launches new project in Odisha to help youth become employable. The Indian Express(2024-03-02). Retrieved 2024-05-01.
  54. ↑ Union Education Minister Dharmendra Pradhan launches Project ODISERV in Odisha. Hindustan Times(2024-03-02). Retrieved 2024-05-01.
  55. ↑ Sustainable Practices and Challenges: An Ex-Post Analysis of Selected Private Companies in India{{#if:|, {{{last}}}}. Taylor & Francis(2025). ISBN 978-1-003-63810-0

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