Bajaj Finserv Limited is an Indian non-banking financial services company[7][8] headquartered in Pune. It is focused on lending, asset management, wealth management and insurance.[9][10]
The financial services and wind energy businesses were transferred to Bajaj Finserv Limited (BFL) 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.[11][12]
Bajaj Holdings and Investments Limited (BHIL) 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[19] 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 (RBI).[20]
Starting in 2017, Bajaj Finserv adopted blockchain technology for services like travel insurance, allowing claim resolution before customer registration.[21] By 2023, they had extended blockchain's utility to enhance trader and customer connections.[22]
Apart from financial services, it is also active in wind energy generation with an installed capacity of 65.2 MW.[5][23][24] 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.[25]
As of 1 July 2025, the Bajaj Group holds a 55% stake in the company.[26]
Bajaj Finserv BEYOND is an educational initiative that trains final-year undergraduates from smaller towns for entry-level roles in the Banking, Financial Services, and Insurance (BFSI) sector through its certification program.[60]
