Bajaj Finance is one of India's leading and most diversified financial services companies. The company is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME, and commercial customers with a significant presence. BFL has a diversified lending portfolio across retail, SME and commercial customers with a significant presence in urban and rural India. It also accepts public and corporate deposits and offers variety of financial services products to its customers.
Since its inception, it has leveraged technology to launch 26 product lines and 51 product variants for retail, MSME, and commercial consumers, with major product innovations like the EMI card and Flexi with a significant presence in both urban and rural India. The company has established itself as a market leader in the non-banking financial company (NBFC) sector, serving millions of customers across India through its extensive product portfolio and technology-driven approach.
Market Cap ₹ 5,75,008 Cr. as of the latest available data, positioning Bajaj Finance among the largest NBFCs in India. The company has demonstrated robust financial performance with consistent growth across key metrics.
For Q4 FY25, Bajaj Finance reported 23.7% YoY growth in Q4 FY25 revenue to ₹18,469 crore. Net profit of the company rose 18.9% YoY to ₹4,546 crore in Q4 FY25. On an annual basis, Bajaj Finance reported 26.8% growth in revenue to ₹69,725 crore in FY25 in contrast to ₹54,983 crore in the previous financial year (FY24). Net Interest Income surged 23% to ₹36,393 crore for the year ended March 2025 from ₹29,582 crore generated in FY24. Meanwhile, profit after tax went up 16.1% to ₹16,779 crore during the year against ₹14,451 crore booked in FY24.
For Q1 FY26, Q1 FY26: Customer base 106.51M, loans +23%, AUM ₹441,400 Cr, deposits ₹72,100 Cr. The company's assets under management (AUM) as of March 2025, Bajaj has ₹4,16,661 crore assets under management (AUM), which grew 26% during the year as compared to ₹3,30,615 crore in FY24.
- Revenue: ₹18,469 crore (up 23.7% YoY)
- Net Profit: ₹4,546 crore (up 18.9% YoY)
- Net Interest Income: Net interest income jumped 22.38% to Rs 9,807 crore for Q4 FY25 from Rs 8,013 crore reported in Q4 FY24.
- Operating Expenses: Operating expenses rose 19.62% to Rs 3,950 crore in Q4 FY25 as compared to Rs 3,302 crore posted in the corresponding quarter last year.
Bajaj Finance operates across multiple business segments with a comprehensive range of financial products and services. Its consumer finance products include durable finance, lifestyle finance, digital product finance, EMI card, two and three-wheeler finance, personal loan, loan against fixed deposits, gold loan, home loan, retail EMI, retail finance, co-branded credit cards and co-branded wallet. Its commercial lending product offers short term credit to established businesses. The Company's rural lending products include gold loans and loans against vehicles.
It also provides secured and unsecured loans to micro, small, and medium enterprises (MSMEs) and SMEs; loans against property, mutual funds, insurance policies, and shares; lease rental discounting, business and professional loans, working capital loans, and term loans; developer finance; and new and used car, and tractor financing. In addition, the company offer commercial and rural lending; public and corporate deposits; loans against securities; and various investment services, including demat services, broking, and margin trade financing. Further, it distributes life, health, and general insurance products.
In terms of YoY growth, gold loans AUM grew 81% to ₹8,307 crore in FY25, car loans jumped 68% to ₹11,876 crore, while the urban B2C loans segment saw 33% growth during the same period. Coming to the breakup of the AUM, the company has ₹1,29,461 crore under mortgage loans, which saw 25% growth during the year.
Bajaj Finance has built an impressive customer franchise with the company's customer franchise crossed a milestone of 10 crore and stood at 10.18 crore as of FY25. In Q4, Bajaj Finance added 0.47 crore customers to its franchise, while in FY25, it added 1.818 crore customers. In simple terms, the company has added 1 customer every 2 seconds in the last two financial years, as per our internal calculations.
The company has expanded its new loan disbursements significantly, with the growth came on the back of a 36% growth in new loans from 0.787 crore in Q4 FY24 to 1.01 crore in Q4 FY25.
Bajaj Finance has announced several shareholder-friendly initiatives for FY25. The company also announced a dividend of ₹56 per share (interim and final), a stock split, and a bonus issue of shares. Specifically, the company has announced an interim dividend of ₹12 per share with a record date of May 9, 2025. It also declared a final dividend of ₹44 per share for FY25, having a record date of May 30, 2025.
The company has also implemented a stock split of 1:2, which will split 1 equity share of a face value of ₹2 into 2 shares of a face value of ₹1. A bonus issue in the ratio of 4:1, following this, the shareholders will receive 4 additional shares of the company. Bajaj Finance has fixed 16 June 2025 as record date for the sub-division of existing equity shares and issue of bonus equity shares of the Company.
Looking ahead, the company is expecting 25%-27% growth in AUM, 23%-24% growth in profits, and a 19%-21% growth in return on equity. The guidance, however, has been reduced slightly as compared to the earlier projections for FY26.
Anup Saha, managing director of Bajaj Finance Ltd., has 25 years of experience in financial services, with 14 years in banking and 11 years in non-banking entities. Anup Saha Considered for New Position - 27 Jun, 2025 · Anup Saha, currently Managing Director at Bajaj Finance since March 2025, is reportedly in the running for a new position, leveraging his extensive experience in financial services.
The company was formerly known as Bajaj Auto Finance Limited and changed its name to Bajaj Finance Limited in September 2010. The company was incorporated in 1987 and is based in Pune, India. Bajaj Finance Limited is a subsidiary of Bajaj Finserv Ltd.
Bajaj Finance continues to strengthen its position as India's most diversified NBFC, combining technological innovation with financial inclusion to serve the evolving needs of India's growing middle-class population. The company's strong financial performance, expanding customer base, and strategic initiatives position it well for sustained growth in the dynamic Indian financial services market.
