Bajaj Finserv

Bajaj Finserv Limited is a leading non-banking financial services company (NBFC) in India. The Pune-headquartered company is the financial services arm of the Bajaj Group. It was established as a separate entity in April 2007.

The company is primarily engaged in life insurance, general insurance, retail loans, business finance, housing loans and overdraft facilities. The company’s primary business verticals include lending, insurance and wealth advisory. Apart from financial services, the company has also forayed into the renewable energy segment with investments in wind energy projects in Maharashtra.

Bajaj Finserv serves more than 10 crore customers with its diversified portfolio. Its financial solutions encompass savings products, consumer loans, commercial loans, mortgages, auto financing, home loan, securities brokerage services, insurance, and investments.

It is one of the biggest players in the financial services sectors with a market capitalisation of more than ₹ 2.72 lakh crore as of December 19, 2023. Bajaj Finserv share price has gained more than 85% in the last 3 years.

Business operations

The diversified NBFC offers 24 products across 12 product lines to cater the needs of customers from different categories across India. It has offices in more than 4,500 locations across the country. These offices are run by a team of over 73,000 employees. The company serves more than 3.55 crore customers through its Bajaj Finserv app.

Bajaj Finserv Limited offers many financial services. One of its key branches, Bajaj Finance Limited, is a leading NBFC. It is dedicated to serving customers across financing, deposits and investments. Bajaj Allianz General Insurance Company Limited is a front-runner in the private general insurance sector. Similarly, Bajaj Allianz Life Insurance Company Limited is a rapidly expanding private life insurer.

Bajaj Housing Finance Limited, a subsidiary of Bajaj Finance Ltd, is one of the fastest-growing housing finance companies. It caters to the needs of homebuyers. Bajaj Finserv Limited also offers a digital financial marketplace through Bajaj Finserv Direct Limited.

Bajaj Finserv Health Limited has emerged as a pivotal player in the health-tech segment. It focuses on preventive and cashless healthcare solutions. Bajaj Finserv Asset Management Limited is a comprehensive AMC. It offers many active and passive products across debt, equity and hybrid categories.

Bajaj Financial Securities Limited is a digital stockbroker and offers an all-in-one platform that integrates demat services and broking facilities. This digital platform caters to both retail and high-net-worth individuals (HNIs).

Bajaj Finance Ltd in FY2023 added 1.16 crore new customers, its highest ever addition to its customer base within a year.

Bajaj Finserv Limited Financial Highlights

Its consolidated revenue from operations for FY 2022-23 stood at ₹82,071.24 crore, up 19.9% year-on-year compared to ₹68,406.08 crore in FY 2021-22. Total income of Bajaj Finserv Limited in FY23 was ₹82,072.01 crore as against ₹68,438.98 in FY22. In FY 23, consolidated profit stood at ₹6,417.28 crore compared to ₹4,556.77 crore in the previous financial year. The financial services provider’s interest income surged to ₹40,155.24 crore compared to ₹31,318.91 crore in the preceding fiscal. The earnings per share (EPS) increased to ₹40.3 in FY23 from ₹28.6 in the last financial year.