Chairman’s Letter

Bajaj Finserv endeavours to be a financial services lifecycle partner to every Indian.

Sanjiv Bajaj
Chairman & Managing Director

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Our Leadership
Tapan Singhel

Managing Director and CEO
Bajaj Allianz General Insurance Co. Ltd.

Anish Amin

President Group Risk,
Assurance & Human Resource
Bajaj Finserv Ltd.

Tarun Chugh

Managing Director and CEO
Bajaj Allianz Life Insurance Co. Ltd.

Sanjiv Bajaj

Chairman and Managing Director,
Bajaj Finserv Ltd.

Devang Mody

Whole Time Director and CEO
Bajaj Finserv Health Ltd.

Sam Subramaniam

President Private Equity,
Investments & Group Strategy
Bajaj Finserv Ltd.

Ganesh Mohan

Whole Time Director and CEO
Bajaj Finserv Asset Management Ltd.

S Sreenivasan

Chief Financial Officer,
Bajaj Finserv Ltd.

Rajeev Jain

Managing Director
Bajaj Finance Ltd.

V Rajagopalan

President (Legal and Taxation)
Bajaj Finserv Ltd.

Dr. N Srinivasa Rao

Chief Economist and President
(Corporate Affairs)
Bajaj Finserv Ltd.

Kurush Irani

President (CSR)
Bajaj Finserv Ltd.

Ashish Panchal

Whole Time Director and CEO
Bajaj Finserv Direct Ltd.

Anup Saha

Deputy Managing Director
Bajaj Finance Ltd.

Purav Jhaveri

President (Investments),
Bajaj Finserv Ltd.

Manish Jain

Managing Director,
Bajaj Financial Securities Ltd.

Atul Jain

Managing Director
Bajaj Housing Finance Ltd.

Fulfilling India's Financial Needs

At Bajaj Finserv, we are committed to making our nation financially resilient and strong. By actively contributing to financial inclusion, employability, social betterment and the environment.

Bajaj Finserv has been an enthusiastic participant in the digital revolution sweeping India.

1 in 7 Indians is our valued customer, making Bajaj Finserv a one-stop integrated solution for financial well-being of a billion-strong nation.

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Financial solutions

0 Locations

Customers served

0+ million

Customers served

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Insurance agents of BALIC and BAGIC

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Driving Financial
Inclusion at Scale

We believe the business of financial services has a large purpose. That of inclusion of the underserved into the nation’s financial mainstream.

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New-to-credit customers brought into the financial mainstream by Bajaj Finance Ltd. in the last 6 years

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Microfinance branches opened in deep geographies by Bajaj Finance in FY2024 alone

Adapting Emerging Technologies for Innovation

We have been high adopters of emerging technologies by leveraging Gen AI, optimising cloud technology, deploying next-generation cyber security, payment technologies, and augmented reality.

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Net Bajaj Finserv app installs

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Personal loans disbursed on Bajaj Finserv app

Creating Employment & Entrepreneurship for India’s Youth

We aspire to create a more equitable and brighter future for today’s Youth, because they are tomorrow’s India. Social impact programmes at Bajaj Finserv have evolved over the years to focus on youth skilling, women empowerment, child health, education and protection. So far, Bajaj Finserv has transformed the lives of 2 million people.

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Youth to be skilled for employment under Bajaj Beyond

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of CPBFI participants are first-generation graduates from tier 2/3 cities

Financial
Solutions
for Everyday
Life
  • Bajaj Finserv Health App
  • Life Insurance
  • Health Insurance
  • Retirement and Pension Plans
  • Consumer Durable Loans
  • SME loans
  • Commerical lending
  • Systematic Investment Plans
  • Rural Loans
  • Motor Insurance
  • Two-Wheeler Loans
  • Car Loans
  • Bajaj Finserv App Payments
  • Broking and investment services
  • Mutual Funds
  • Pocket Insurance
  • Business Loans
  • Child Plans
  • Home Loans
  • Fixed Deposits
  • Personal Loans
  • Gold Loans
  • Travel Insurance
  • Education Loans
  • Personal Accident Insurance
  • Home Insurance
  • Home Renovation Loans
  • Pet Insurance
Our Purpose

A place where innovation, agility and ownership thrive,
creating responsible leaders who build long-term profitable
businesses, to delight our customers

Our Business

Diversified, agile, and continuously transforming through innovation

Financing, Deposits, Investments

Bajaj Finance

Leading NBFC with an optimal mix of risk and sustainable profits. Committed to continuous tech-led innovation. Uses digitalisation and analytics to transform customer experience.

Protection

Bajaj Allianz General Insurance Company

Leading and profitable private insurer with strong underwriting, product innovation, driven by technology, strives to be the best claims-paying general and health insurer.

Life Goals

Bajaj Allianz Life Insurance Company

One of India’s fastest-growing private life insurers offering seamless, simplified and personalised experiences.

Digital Financial Marketplace

Bajaj Finserv Direct

Digital marketplace for financial services; cloud based digital native architecture leveraging API ecosystem, Big Data, modern web and app technologies. It’s Technology Services offers Digital Application Development, Enterprise Solution Development, Data Engineering, Analytics, Quality Assurances & Automation and Managed Cloud Services.

Home Finance

Bajaj Housing Finance

Amongst the fastest-growing home finance companies with a full range of mortgage products with customised propositions for self-employed and salaried customers.

Mutual Funds

Bajaj Finserv Asset Management

Aims to be a full stack AMC with active and passive products, across debt, equity and hybrid, for retail, HNI and institutional investors with a unique behavioural financebased investment philosophy.

Health-tech

Bajaj Finserv Health

A digital platform that integrates the fragmented healthcare delivery ecosystem. Offers products and services to individuals and corporates, from preventive to prepaid healthcare packages including OPD care, and telemedicine.

Digital Stockbroker

Bajaj Financial Securities

All-in-one digital platform combining demat, broking, margin trade financing for retail and HNI clients.

FY2024 was a remarkable year for the Bajaj Finserv group, with strong growth and
performance across our businesses. Here are some key highlights:

`10 crore

Bajaj Finserv’s consolidated total income

`0 crore

Bajaj Finserv’s consolidated profit after tax

`00 crore

Bajaj Finance’s consolidated Assets Under Management

`0 crore

Bajaj Allianz General Insurance’s Gross Written Premium (GWP)

`0 crore

Bajaj Allianz Life Insurance’s Individual Rated New Business (IRNB)

FY2024 saw our businesses achieve significant scale and set new benchmarks.

Bajaj Finserv

Consolidated revenue crossed
` 1 lakh crore (` 1 trillion)

Bajaj Finance

Assets Under Management crossed
` 330,000 crore

Bajaj Allianz General Insurance (BAGIC)

Emerged as the third-largest insurer with gross written premiums exceeding ` 20,000 crore

Bajaj Allianz Life Insurance (BALIC)

Continued to be the fastest-growing life insurer; Assets Under Management
crossed ` 1 lakh crore (` 1 trillion)

Bajaj Housing Finance (BHFL)

Emerged as one of the leading home loan companies closing with an
AUM exceeding ` 90,000 crore

Bajaj Finserv Asset Management

Garnered over ` 9,500 crore of assets in nine months

Bajaj Finserv Direct

Bajaj Technology Services offers digital-first solutions for BFSI businesses in 6 key areas: Adobe, SalesForce, Cloud, Gen AI, Data Analytics and Digital agency

Bajaj Finserv Health

Completed acquisition of Vidal Healthcare and with a full stack of Outpatient, Hospitalisation and Wellness services delivered digitally; now has the capability to participate in India’s healthcare revolution

Strong Track Record

For 17 years, our businesses have evolved to cater to financial lifecycle needs of
customers and to deliver value to stakeholders.

Total Income (₹ in crore)

Financial Year

Net Worth / Equity (₹ in crore)

Financial Year

Profit After Tax (₹ in crore)

Financial Year

All figures till FY2017 are as per previous GAAP.
All figures from FY2018 onwards are as per Ind AS.

Creating Long-term Sustainable Value
Our Customers

Understanding their needs to create simpler, faster and enhanced experiences

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Bajaj Finance service requests initiated on app

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Our Society and Environment

Our Environment, Social and Governance strategy rests on eight pillars to meet growing needs of communities and the planet

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Units of wind power: Generated and contributed to grid by Bajaj Finserv windmills at Satara and Supa

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Our People

Engaging and retaining good talent by creating opportunities for growth

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Colleagues

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Our Shareholders

Driving responsible growth through a resilient business model

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Number of shareholders

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A Legacy of Responsibility

Accelerating Momentum of Youth Skilling

Skilling has been central to our social impact programmes. It has a multiplier effect on the well-being of youth and their families.

Enabling Holistic Development of Children and Youth

Protecting and enhancing the well-being of children is central to our social impact programmes.

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Children benefitted from digital learning interventions, foundational learning & other educational initiatives

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Persons with disabilities benefitted from rehabilitation, education, medical and infrastructure support

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Beneficiaries of projects for skilling, child health, education, protection and PwD, promoting the well-being of future generations

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Women empowered through various skilling initiatives aimed at promoting gender equality and women's economic participation