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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.
Bajaj Finserv's Board approved quarterly financial results and issuing 1,511,358 equity shares to its ESOP Trust. The company also secured approval to pursue re-insurance business via a new subsidiary, pending necessary clearances.
Bajaj Finserv's customer franchise grew to 11.93 crore, launching a pension fund, US tech services, and AIF/PMS ventures. AI drove ₹6,371 Cr loan disbursals and digital initiatives saved 720 Cr paper sheets. The company is now a net renewable energy generator, targeting carbon neutrality by FY2032.
Bajaj Finserv's insurance subsidiaries posted solid April numbers. Bajaj General's gross direct premium grew to 2,666 Cr from 2,403 Cr. Bajaj Life's new business premiums jumped to 937 Cr from 719 Cr, showing healthy growth.
Bajaj Finserv's insurance subsidiaries posted strong growth. Bajaj General's FY26 Gross Direct Premium was ₹23,178.51 Cr (FY25: ₹21,416.80 Cr). Bajaj Life's FY26 new business hit ₹14,585.82 Cr (FY25: ₹12,292.58 Cr). Solid operational momentum.
Bajaj Finserv acquired the remaining 50% stake in Bajaj Financial Distributors (BFDL) from Allianz SE for ₹12.5 Cr. This makes BFDL a 100% subsidiary, ending their joint venture. Structure simplified.