Bajaj Finserv Limited
Bajaj Finserv Ltd. is the holding company for the various financial services businesses under the Bajaj group. It serves millions of customers by providing solutions for asset acquisition through financing, asset protection through general insurance, family and income protection in the form of life and health insurance, and retirement and savings solutions.
What Bajaj files
- Investor Meet46
- Others41
- Important37
- PPTs15
- Board Meeting13
- Updates11
Bajaj Finserv reported strong growth for its unlisted insurance arms. General insurance gross direct premium rose to 10,435 Cr up to August. Meanwhile, life insurance total new business premium surged to 7,016.95 Cr for the same period, driven by solid gains across individual and group segments.
Bajaj Finserv's insurance subsidiaries show strong operational growth. Bajaj General Insurance recorded 2,375 Cr gross direct premium for the month and 8,143 Cr year-to-date. Bajaj Life Insurance's total new business hit 1,386 Cr for the month and 5,063 Cr year-to-date.
Bajaj Finserv's insurance units delivered strong performance. Bajaj General's monthly gross direct premium rose to 1,760 Cr. Bajaj Life's new business surged to 1,503.87 Cr for the month, up 76.6% year-on-year, and 3,676.79 Cr year-to-date, indicating robust subsidiary growth.
Bajaj Finserv gained full ownership of its insurance ventures, Bajaj General and Bajaj Life, for ₹24,180 Cr, internally funded. The company delivered robust full-year performance, with consolidated PAT climbing 10% to ₹9,801 Cr. It is actively advancing its AI transformation initiatives and declared a ₹1.50 per share dividend.
Bajaj Finserv Limited has informed the Exchange regarding 'Communication sent to Shareholders regarding Tax Deduction at Source (TDS) on final dividend and updation of bank account details'.