Bajaj Finserv
Bajaj Finserv Limited is an Indian non-banking financial services company headquartered in Pune. It is focused on lending, asset management, wealth management and insurance.
History
The financial services and wind energy businesses were transferred to Bajaj Finserv Limited 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. It is a financial conglomerate with stakes in the financing sector, the life insurance business, the general insurance business, and the mutual fund business.Bajaj Holdings and Investments Limited 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 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.
Starting in 2017, Bajaj Finserv adopted blockchain technology for services like travel insurance, allowing claim resolution before customer registration. By 2023, they had extended blockchain's utility to enhance trader and customer connections.
Apart from financial services, it is also active in wind energy generation with an installed capacity of 65.2 MW. 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.
As of 1 July 2025, the Bajaj Group holds a 55% stake in the company.
Subsidiaries
Bajaj Finance was initially incepted as Bajaj Auto Finance in 1987. Later diversified into business and property financing.Bajaj Life Insurance started as a joint venture between Bajaj Finserv and Allianz SE. The company received the Insurance Regulatory and Development Authority certificate of Registration on 3 August 2001 to conduct life insurance business in India. In 2025, Bajaj Finserv acquired Allianz SE's stake in Bajaj Life Insurance for. Bajaj General Insurance is a private general insurance company which began as a joint venture between Bajaj Finserv and Allianz SE in 2001. In 2025, Bajaj Finserv acquired Allianz SE's stake in Bajaj Allianz General Insurance for. By January 2026, Allianz had fully exited the insurance business in India, increasing the group’s overall holding in both insurance arms to 97%.Bajaj Housing Finance provides housing finance services, including home loans and loans against property.Bajaj Finserv Asset Management Company is an asset management company. 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. It disclosed an average of in average assets under management for the quarter ending 30 September 2024, with 13 mutual funds.Bajaj Finserv Direct '' 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.Bajaj Finserv Health is a healthtech company. 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. As of December 2024, the company's network includes more than 100,000 hospitals and 80,000 doctors.Bajaj Alternate Investment Management is an early-stage equity fund and a real estate-focused alternative investment fund, started in September 2025.Philanthropy
- January 2023, Bajaj Finserv launched a scholarship program with National Centre for Promotion of Employment for Disabled People for the students with disabilities.
- 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.
- 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. Together they launched a skill development initiative, named Project ODISERV, at Gangadhar Meher University in Sambalpur, Odisha.