Bajaj Finserv Limited:
FY2023 Performance Highlights

Consolidated Total Income

` 0 crore

Consolidated profit after tax

` 0 crore

Who We Are

Innovating Finance.
Transforming India.

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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.

  • Financing, Deposits, Investments Bajaj Finance Limited

    Leading NBFC, committed to continuous innovation. Uses technology and analytics to transform customer experience

  • Protection Bajaj Allianz General Insurance Company Limited

    Leading private insurer in terms of gross premium, with strong underwriting, product innovation, driven by technology

  • Life Goals Bajaj Allianz Life Insurance Company Limited

    One of India’s leading and fastest growing private life insurers

  • Home Finance Bajaj Housing
    Finance Limited

    A subsidiary of Bajaj Finance Ltd, it is amongst the fastest growing housing finance companies

  • 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

  • Health-Tech Bajaj Finserv Health Limited

    A health-tech company for preventive and cashless healthcare

  • 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

  • Digital Stockbroker Bajaj Financial
    Securities Limited

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

Who We Serve

Finance for Bharat


Loans, Deposits, Insurance, Preventive Healthcare, Investments, Payments


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


HNI broking

SMEs & Corporates

Working capital loans, Vendor financing, ESOP financing, Technology platforms, Insurance


Children, Youth, Women: Education, Health, Skilling, Protection


Renewable energy, Eco-friendly practices at workplace, Usage & financing of Electric Vehicles

Our 16-year Journey

Financial Strength Built
on Customers’ Trust

20 crore Indian families served

73,000 colleagues

35.5 million
Number of customers on Bajaj Finserv App

` 247,379 crore
AUM of Bajaj Finance Ltd.

Over 28 million policies sold by Bajaj Allianz General Insurance Company

` 90,584 crore
AUM of Bajaj Allianz Life Insurance Company

AUM 6-year CAGR of Bajaj Housing Finance

48 partners
Bajaj Finserv Direct

Bajaj Finserv Health Digital cashless healthcare with 120,000+ doctors, 6,000+ lab touch points, 1,800+ hospitals on network

2 million lives touched through corporate social responsibility programmes

CSR projects

Skilling & livelihoods provided: 30,000 students to date under self-implemented CPBFI programme

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.
Standing (L to R):
Anup Saha

Executive Director,
Bajaj Finance Ltd.

Standing (L to R):
Ashish Panchal

Whole Time Director & CEO,
Bajaj Finserv Direct Ltd.

Seated (L to R):
Tarun Chugh

Managing Director & CEO,
Bajaj Allianz Life Insurance Company Ltd.

Standing (L to R):
Manish Jain

Bajaj Financial Securities Ltd.

Standing (L to R):
Purav Jhaveri

President (Investments),
Bajaj Finserv Ltd.

Seated (L to R):
Rajeev Jain

Managing Director,
Bajaj Finance Ltd.

Kurush Irani

President (CSR),
Bajaj Finserv Ltd.

Rakesh Bhatt

Executive Director,
Bajaj Finance Ltd.

Tapan Singhel

Managing Director & CEO,
Bajaj Allianz General nsurance Company Ltd.

Anish Amin

President (Group Risk, Assurance & Human Resources),
Bajaj Finserv Ltd.

S Sreenivasan

Bajaj Finserv Ltd.

V Rajagopalan

President (Legal & Taxation),
Bajaj Finserv Ltd.

Devang Mody

Whole Time Director & CEO, Bajaj Finserv Health Ltd. & Group Head - Strategy,
Bajaj Finserv Ltd.

Dr. N Srinivasa Rao

Chief Economist & President (Corporate Affairs),
Bajaj Finserv Ltd.

Sanjiv Bajaj

Chairman &
Managing Director,
Bajaj Finserv Ltd.

Ganesh Mohan

Whole Time Director & CEO,
Bajaj Finserv Asset Management Ltd.

Atul Jain

Managing Director,
Bajaj Housing Finance Ltd.

Ranjit Gupta

President (Insurance),
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 Social Impact Initiatives:
Action for Inclusion

Children and youth hold the key to a resilient society. And yet, in a world impacted by climate change, pandemic and social issues, this section of our society is the most impacted.

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


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

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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

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Download Centre

Management Discussion and Analysis


Report on Corporate Governance


Directors’ Report


Business Responsibility and Sustainability Report


Consolidated Financial Statements


Standalone Financial Statements