Bajaj Finserv Ltd
In May 2026, transactions through UPI stood at US$ 313.44 billion in value and 23.20 billion in volume across 720 banks.
Bajaj Finserv Limited is a holding company for various financial services businesses. The company is engaged in the business of promoting financial services, such as finance, insurance, and wealth management, through its investment in subsidiaries and Joint Ventures (JVs). The company is also engaged in the business of generating power through wind turbines, a renewable source of energy. Its segments include insurance, windmill, retail financing, investments and others. The company is also involved in wind-farm activities. The company focuses on six categories: consumer lending, Small and Medium Enterprise (SME) lending, commercial lending, rural lending, fixed deposits, and value-added services. It serves various customers in the financial services space by providing solutions for asset acquisition through financing, asset protection through general insurance, family protection and income protection in the form of life and health insurance, and retirement and savings solutions.
- 1,535 urban locations and 2,517 rural locations
- Network of 4,052 locations
- Total consolidated net profit (Profit After Tax) of Rs. 19,332.36 crore (US$ 2.19 million) was recorded FY26
Bajaj Finserv: Think it done
| Year | Milestone |
|---|---|
| 2026 |
On March 30, 2026, Bajaj Finserv announced plans to launch one of India's largest AI-focused private equity funds while making direct investments in early-stage AI startups. The company expects to invest Rs. 400-450 crore (US$ 42.2- 47.48 million) in FY27, strengthening innovation and expanding India's AI startup ecosystem. |
| 2025 |
On March 17, 2025, Bajaj Finserv agreed to acquire Allianz SE’s 26% stake in Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance for Rs. 24,180 crore (US$ 2.83 billion), increasing the Bajaj Group’s ownership to 100% subject to regulatory approvals. |
| 2024 |
Bajaj Finserv Direct Ltd., a subsidiary of Bajaj Finserv Ltd., has launched its Technology Services business hub at the Dubai International Financial Centre (DIFC) as part of its entry into the Middle East market. |
| 2023 |
Bajaj Finance stated that it plans to acquire 26% stake in Pennant Technologies for Rs. 267.50 crore (US$ 32.1 million). In June 2023, The Maharashtra government has signed a Memorandum of Understanding with Bajaj Finserv under which the non-banking finance company will invest Rs. 5,000 crore (US$ 600.3 million) in Pune which is expected to create 40,000 jobs, says Deputy Chief Minister Mr. Devendra Fadnavis. Bajaj Finance raises interest rates on FDs by up to 40 basis points. |
| 2022 |
In December 2021, Bajaj Finance ltd partnered with CARS24 for seamless financing. Bajaj Finserv and Vodafone Idea have teamed up to offer smartphone financing and prepaid plans. Bajaj Finserv launched its health-tech solutions namely, the Bajaj finserv health app. |
| 2021 |
In December 2021, Bajaj Finance Ltd. partnered with CARS24 for seamless financing. |
| 2020 |
Bajaj Finserv and Vodafone Idea have teamed up to offer smartphone financing and prepaid plans. Bajaj Finserv launched its health-tech solutions namely, the Bajaj finserv health app. In September 2020, the People's Bank of China made an equity investment in Bajaj Finance to acquire less than 1%. Bajaj Finserv introduced Industry-first Digital Health EMI Network Card. |
| 2018 |
S&P Global Ratings assigned 'BBB-' long-term and 'A-3' short-term ratings for Bajaj Finance Limited. |
| 2017 |
Bajaj Finance entered into Share Subscription Agreement (SSA) with MobiKwik. |
| 2015 |
Bajaj Finance’s subsidiary got a license to commence the housing finance business from National Housing Bank (NHB). |
| 2010 |
The company changed its name from Bajaj Auto Finance Ltd to Bajaj Finance Limited. |
| 2004 |
Tied up with Bajaj Auto Finance for finance scheme on Intel Pentium 4 PCs. |
| 1998 |
Bajaj Auto Finance Ltd (BAFL) has tied up with Godrej GE Appliances, Korean consumer durables conglomerate LG and air-conditioning major Blue Star to finance their consumer durables. |
| 1995 |
The company opened its branch offices at Vijayawada, Nasik, Vishakhapatnam, Calcutta, Goa, Madurai, and Pune for promoting the company's financing schemes. |
| 1993 |
Opened its branch offices in New Delhi, Chennai, Bangalore, and Mumbai for promoting the company's financing schemes. |
| 1987 |
Bajaj Auto Finance was incorporated on March 25 as a private limited company to take up hire purchase finance and lease finance activity. It became a deemed public company by virtue of Section 43(A) of the Act with effect from October 20, 1987. |
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