Key Stats
- Market Cap: ₹3.28 lakh crore (approximately $38 billion USD)
- Consolidated Revenue FY2024: ₹1 lakh crore+ (crossed ₹1 trillion)
- Customer Base: 100+ million customers across India
- Employees: 73,000+ across the group
- Subsidiaries: 8+ major entities including Bajaj Finance, Bajaj Life Insurance, Bajaj General Insurance
Bajaj Finserv Limited is a financial services holding company headquartered in Pune, India. The company was formed in 2007 after demerging from Bajaj Auto Limited and now controls a range of businesses spanning consumer finance, lending, asset management, wealth management, life insurance, general insurance, and investments.
The company holds a 52.49% stake in Bajaj Finance Limited, one of India’s largest NBFCs by market capitalization. It also maintains 74% stakes in both Bajaj Life Insurance (formerly Bajaj Allianz Life Insurance) and Bajaj General Insurance (formerly Bajaj Allianz General Insurance). Beyond financial services, Bajaj Finserv operates 138 windmills in Maharashtra with 65.2 MW of installed capacity.
Bajaj Finserv is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) and is part of the BSE Sensex and Nifty 50 indices.
Bajaj Finserv Revenue
Bajaj Finserv has posted consistent revenue growth over the past decade. In FY2024, consolidated revenue crossed the ₹1 lakh crore mark for the first time, a milestone for the group.
The revenue split shows retail financing contributing about 45%, general insurance around 28%, and life insurance approximately 25% as of FY2022. The company’s current trailing twelve-month revenue stands at approximately $14.69 billion USD.
Bajaj Finserv History
1987 – Bajaj Auto Finance Limited incorporated as an NBFC focused on two and three-wheeler financing
1998 – Bajaj Auto Finance launches IPO, lists on BSE and NSE
2001 – Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance established as joint ventures with Allianz SE
2007 – Bajaj Finserv Limited incorporated following demerger from Bajaj Auto Limited; financial services and wind energy businesses transferred
2008 – Demerger completed; Bajaj Finserv begins independent operations
2009 – RBI grants NBFC registration to Bajaj Finserv; joint venture announced with Allianz Global Investors for asset management
2010 – Bajaj Auto Finance renamed to Bajaj Finance Limited; Construction Equipment financing and Loan Against Securities launched
2017 – Bajaj Finserv adopts blockchain technology for travel insurance claims; acquires 12.6% stake in MobiKwik
2022 – Board approves 1:5 stock split; Bajaj Finance acquires 40% stake in SnapWork Technologies
2023 – Bajaj Finserv Asset Management and Bajaj Finserv Mutual Fund Trustee incorporated; SEBI grants mutual fund registration; Bajaj Finance acquires 26% stake in Pennant Technologies
2024 – Bajaj Housing Finance IPO; Vidal Healthcare Services acquired for health services expansion
2025 – Bajaj Finserv acquires Allianz SE’s 26% stake in insurance JVs for ₹24,180 crore; insurance companies rebranded to Bajaj Life Insurance and Bajaj General Insurance
2026 – Bajaj Group completes 97% ownership in insurance businesses; Allianz exits partnership after 24 years
Bajaj Finserv Marketcap
Bajaj Finserv commands a market capitalization of approximately ₹3.28 lakh crore (around $38 billion USD) as of early 2026. This places it among the top financial services companies in India by market value.
The company’s market cap has grown substantially over the past decade, reflecting the expansion of its lending, insurance, and asset management businesses.
Bajaj Finserv Competitors
Bajaj Finserv competes with other large NBFCs, diversified financial services companies, and private insurers in India. The NBFC sector has grown rapidly, with several players vying for market share in lending, insurance, and wealth management.
| Company | Primary Business | Headquarters |
|---|---|---|
| HDFC Bank | Banking, Financial Services | Mumbai |
| HDB Financial Services | NBFC, Consumer Lending | Ahmedabad |
| Aditya Birla Capital | Diversified Financial Services | Mumbai |
| Tata Capital | NBFC, Commercial Finance | Mumbai |
| Shriram Finance | Vehicle Finance, NBFC | Chennai |
| Mahindra Finance | Rural Finance, Vehicle Loans | Mumbai |
| LIC Housing Finance | Housing Finance | Mumbai |
| Muthoot Finance | Gold Loans | Kochi |
| Cholamandalam Finance | Vehicle Finance, Home Loans | Chennai |
| L&T Finance | Infrastructure Finance, Retail Loans | Mumbai |
Bajaj Finserv Co-founders
Rahul Bajaj (1938-2022)
Former Chairman of Bajaj Group. Led the 2007 demerger that created Bajaj Finserv. Transformed Bajaj Auto from a ₹7.5 crore turnover company to ₹12,000 crore under his leadership spanning five decades.
Sanjiv Bajaj
Current Chairman and Managing Director of Bajaj Finserv. Harvard Business School alumnus. Took charge as MD in 2007 post-demerger. Served as President of Confederation of Indian Industry (CII) for 2022-23.
Bajaj Finserv Acquisitions
Bajaj Finserv and its subsidiaries have made several acquisitions to expand their footprint across lending, technology, and healthcare services.
In 2017, Bajaj Finance acquired a 12.6% stake in mobile wallet company MobiKwik, marking an entry into digital payments. The company continued its technology push in November 2022 when it acquired a 40% stake in Mumbai-based SnapWork Technologies for ₹93 crore. SnapWork specializes in business process automation solutions for the financial services sector.
October 2023 saw Bajaj Finance pick up a 26% stake in Hyderabad-based Pennant Technologies for ₹267.50 crore. Pennant provides software solutions for lending and banking operations. These technology investments align with the group’s strategy to build digital capabilities and improve customer experience.
In early 2024, Bajaj Finserv Health acquired Bangalore-based Vidal Healthcare Services along with its two subsidiaries. This acquisition expanded the company’s health services network to include third-party administration and outpatient delivery services. By December 2024, the healthcare network included over 100,000 hospitals and 80,000 doctors.
The largest transaction came in March 2025 when Bajaj Finserv signed agreements to acquire Allianz SE’s 26% stake in both Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance for ₹24,180 crore (approximately €2.6 billion). The deal ended a 24-year-old partnership and gave the Bajaj Group full control over its insurance businesses. The acquisition was completed in phases through January 2026, with the insurance companies subsequently rebranded to Bajaj Life Insurance and Bajaj General Insurance.
FAQs
What is Bajaj Finserv?
Bajaj Finserv is an Indian financial services holding company headquartered in Pune. It owns stakes in Bajaj Finance, Bajaj Life Insurance, Bajaj General Insurance, and operates businesses in lending, asset management, and wind energy generation.
Who is the owner of Bajaj Finserv?
Bajaj Finserv is a publicly listed company on BSE and NSE. The Bajaj Group, led by Sanjiv Bajaj as Chairman and MD, holds a 55% stake through Bajaj Holdings and Investment Limited and promoter group entities.
When was Bajaj Finserv founded?
Bajaj Finserv was incorporated on April 30, 2007, following its demerger from Bajaj Auto Limited. The demerger was approved by the Bombay High Court on December 18, 2007.
What is the market cap of Bajaj Finserv?
Bajaj Finserv has a market capitalization of approximately ₹3.28 lakh crore (around $38 billion USD) as of early 2026, making it one of India’s largest financial services companies by market value.
What services does Bajaj Finserv offer?
Bajaj Finserv offers consumer and commercial loans, fixed deposits, mutual funds, life insurance, general insurance, health insurance, credit cards, EMI cards, wealth management, and healthcare services through its subsidiaries.
