Individuals
Loans, Deposits, Insurance, Preventive Healthcare, Investments, Payments
Bajaj Finserv Limited:
FY2023 Performance Highlights
Consolidated Total Income
` 0 crore
Consolidated profit after tax
` 0 crore
Everyday, Bajaj Finserv serves crores of people, enabling them to meet their life’s goals through simple financial solutions, enriching the lives of communities and creating value for shareholders. To be able to deepen our reach and serve our stakeholder universe better, we are accelerating digital transformation, innovating financial solutions and entering new lines of business.
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Financing, Deposits,
Investments
Bajaj Finance Limited
Leading NBFC, committed to continuous innovation. Uses technology and analytics to transform customer experience
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Protection
Bajaj Allianz General
Insurance Company Limited
Leading private insurer in terms of gross premium, with strong underwriting, product innovation, driven by technology
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Life Goals
Bajaj Allianz Life Insurance
Company Limited
One of India’s leading and fastest growing private life insurers
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Home Finance
Bajaj Housing
Finance LimitedA subsidiary of Bajaj Finance Ltd, it is amongst the fastest growing housing finance companies
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Digital Financial
Marketplace
Bajaj Finserv Direct Limited
Digital marketplace for financial services; cloud based digital native architecture leveraging API ecosystem, Big Data, modern web and app technologies
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Health-Tech
Bajaj Finserv Health Limited
A health-tech company for preventive and cashless healthcare
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Asset Management
Bajaj Finserv Asset
Management Limited
Aims to be a full stack AMC with active & passive products, across debt, equity & hybrid, for retail, HNI & institutional investors with a unique behavioural finance-based investment philosophy
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Digital Stockbroker
Bajaj Financial
Securities LimitedAll-in-one digital platform combining demat, broking, margin trade financing for retail and HNI clients
Who We Serve
Finance for Bharat
Families
Affordable Home loans, Health insurance, Life insurance
Self Employed & Professionals
Loan Against Property, Business loans, Equipment financing, Payments
Rural residents
Gold loans, Crop insurance, Home loans, Full suite of financial products & services
HNIs
HNI broking
SMEs & Corporates
Working capital loans, Vendor financing, ESOP financing, Technology platforms, Insurance
Society
Children, Youth, Women: Education, Health, Skilling, Protection
Environment
Renewable energy, Eco-friendly practices at workplace, Usage & financing of Electric Vehicles
Our 16-year Journey
Financial Strength Built
Financial Strength Built
on Customers’ Trust
Total Income (₹ in crore)
Net Worth / Equity (₹ in crore)
Profit After Tax (₹ in crore)
All figures till FY2017 are as per previous GAAP. All figures from FY2018 onwards are as per Ind AS.
Chairman’s Letter
Chairman’s Letter
Bajaj Finserv strives to be an entity where the whole is greater than the sum of its parts.
Dear Shareholder,
For a while, I have been aware that many of you as well as some institutional investors have viewed Bajaj Finserv as if it was a de facto ‘holding company’ — one that owns significant shares of its various key subsidiaries such as Bajaj Finance,
Sanjiv Bajaj Chairman & Managing Director Bajaj Finserv Ltd.
Our Philosophy
Transforming Lives through Business
Be a one-stop for all financial services, by using tech-led innovation and harnessing the best talent, to provide sustainable long-term returns for a better tomorrow
One-stop financial
access for India
We provide financial solutions for everyday needs of our customers – through their lifecycle – enabling individuals and businesses to save, access finance for life’s needs, pay with ease, invest to grow wealth and cover risks to health, life and assets
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Tech-led innovation
We continue to innovate for the future, which is why our new businesses are building a financial ecosystem which embraces emerging technologies and the India digital stack
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Harnessing the best talent
Our people make up the universe that serves our customers and stakeholders. We are committed to harnessing the best talent, rewarding performance, imbibing the entrepreneurial spirit in them and making Bajaj Finserv not just one of the best workplaces, but an opportunity for career growth.
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Sustainable long-term returns
Our business model is proven and agile to respond real-time to changes in the business environment, helping us grow our customer franchise, deliver better customer experience, explore new markets, sustain profitability, optimize capital, strengthen the balance sheet and create shareholder value
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Towards a better tomorrow:
Environment, Social, Governance
We are deeply connected to local communities and work to transform lives of people, especially children and youth, through self-implemented programmes and by partnering non-profits.
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Our Priorities
Shefali Bajaj, Chairperson of the CSR Steering Committee, presents a certificate of appreciation to a student for academic excellence, as part of the Sweetlings initiative for diabetic children by Hirabhai Cowasji Jehangir Medical Research Institute, supported by Bajaj Finserv
Children
Helping them achieve their full potential
We have been making concerted efforts to provide a safe, healthy and inclusive environment for children from underprivileged backgrounds. Our interventions in the areas of protection, education, healthcare and PWD, enable them to confront barriers, participate in a world that was hitherto inaccessible to them, and lead fulfilling lives.
Children benefited from education-related initiatives
Beneficiaries of interventions for reducing infant mortality
Children supported through health interventions
Skilling
Enabling financial self-sufficiency for future changemakers of society
We are committed to bridging the skilling gap in our country and helping youth and women from disadvantaged backgrounds to adapt to a fast-changing world of work.
Fresh graduates benefited by CPBFI programme across India; presence in 140 towns in
30 states
First-time job seekers had access to employment