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Bajaj Group's financial-services holding company spanning lending, life/general insurance, and asset management.
Bajaj Group's financial-services holding company spanning lending, life/general insurance, and asset management.
Most of its profit comes from Bajaj Finance, the lending company in which it holds a controlling stake, so it behaves largely as a holding company that consolidates lending and insurance. Premiums on life and general insurance are the second leg. Allianz agreed in 2025 to sell its stakes in both insurance ventures, ending the German insurer's partnership.
In one line: A Bajaj-family holding company for financial services.
Moat: narrow (brand, distribution, scale). Bajaj brand and cross-sell across lending/insurance units, though each business faces its own competitors.
Headquarters: Pune, India · Founded: 2007 · Employees: 169
Size Bajaj Finserv (BAJAJFINSV.NS) is an India Financials company (Life/Health Insurance) with a market value of $31.6B, the 30th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,865 on 6 Nov 2026.
Performance Over six months the shares gained 2.2%, against +21.5% for the median peer and 0.0% for the India market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 16.9% over the last twelve months (peer median +10.2%); the operating margin is 43.1% (peer median 9.3%).
Valuation It trades at 3.55× book value against a peer median of 1.40× (5th most expensive of 20).
Price implies The share price implies a return on equity of about 54.3%; Bajaj Finserv delivers 13.3%, so the price asks more than the business earns today.
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹1.65T | ₹1.43T | ₹1.25T | ₹1.01T | ₹784B |
| Revenue growth | — | +14% | +24% | +29% | — |
| Net income | ₹107B | ₹98.0B | ₹88.7B | ₹81.5B | ₹64.2B |
| Free cash flow | n/a | -₹522B | -₹600B | -₹629B | -₹396B |
| Capital expenditure | n/a | ₹14.5B | ₹18.6B | ₹14.4B | ₹12.2B |
| Total debt | ₹4.26T | ₹3.61T | ₹2.84T | ₹2.29T | ₹1.68T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Bajaj Finserv BAJAJFINSV.NS | $31.6B | +2% | +17% | 13% | 3.55× | 54.3% |
| Bajaj Finance BAJFINANCE.NS | $71.6B | +12% | +19% | 19% | 5.50× | 77.1% |
| HDFC Life Insurance HDFCLIFE.NS | $13.0B | -10% | +19% | 11% | 6.31× | 72.0% |
| ICICI Lombard General Insurance ICICIGI.NS | $8.80B | -11% | +14% | 15% | 4.38× | 53.9% |
| SBI Life Insurance SBILIFE.NS | $18.9B | -5% | +18% | 14% | 8.72× | 105.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BAJAJFINSV.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.0% | +2.4% | 6th highest of 21 |
| 6-month return | +2.2% | +21.5% | 5th lowest of 21 |
| Return on equity | 13.3% | 12.8% | 10th highest of 21 |
| Price / book | 3.55× | 1.40× | 5th most expensive of 20 |
| Trailing P/E | 28.2× | 11.7× | 3rd most expensive of 20 |
| ROE the price implies | 54.3% | 8.7% | 3rd most demanding of 19 |
| ROE delivered | 13.3% | 13.2% | 10th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Bajaj Finserv BAJAJFINSV.NS | India | $31.6B | +2% | +17% | 13% | 3.55× | 54.3% | 13.3% |
| Samsung Life 032830.KS | South Korea | $31.0B | -6% | +13% | 3% | 0.29× | 4.5% | 3.2% |
| Swiss Life SLHN.SW | Switzerland | $33.0B | +14% | 0% | 20% | 4.25× | 15.4% | 20.0% |
| Talanx TLX.DE | Germany | $37.6B | +24% | +2% | 20% | 2.33× | 10.2% | 19.8% |
| Daiichi Life 8750.T | Japan | $39.0B | +18% | +17% | 14% | 1.34× | 8.1% | 13.6% |
| Japan Post Hldgs 6178.T | Japan | $39.0B | +24% | 0% | 5% | 0.62× | 4.4% | 4.5% |
| Hannover Rueck HNR1.DE | Germany | $39.6B | +24% | -2% | 22% | 2.66× | 8.3% | 22.4% |
| Prudential Financial PRU | United States | $41.1B | +20% | +4% | 13% | 1.39× | 11.4% | 12.6% |
| NN Group N.V. NN.AS | Netherlands | $22.4B | +4% | +39% | 9% | 1.08× | 6.9% | 9.2% |
| Cathay Financial Hldg 2882.TW | Taiwan | $47.0B | +42% | -16% | 15% | 1.40× | 7.0% | 14.6% |
| SBI Life Insurance SBILIFE.NS | India | $18.9B | -5% | +18% | 14% | 8.72× | 105.4% | 13.7% |
| Life Insurance Corp. of India LICI.NS | India | $53.0B | -3% | +11% | 7% | 0.68× | 11.8% | n/a |
| Kgi Financial 2883.TW | Taiwan | $17.3B | +60% | +32% | 14% | 1.33× | 7.1% | 14.4% |
| Reinsurance Group of America RGA | United States | $17.1B | +24% | +20% | 12% | 1.25× | 8.0% | 11.7% |
| Corebridge Financial CRBG | United States | $14.9B | +25% | +10% | 22% | 2.41× | 19.3% | 21.7% |
| Equitable EQH | United States | $14.1B | +24% | +6% | -183% | n/a | n/a | n/a |
| T&d 8795.T | Japan | $14.0B | +21% | +6% | 9% | 1.32× | 5.6% | 9.3% |
| Manulife Financial MFC.TO | Canada | $72.2B | +13% | +18% | 13% | 2.22× | 13.0% | 12.9% |
| HDFC Life Insurance HDFCLIFE.NS | India | $13.0B | -10% | +19% | 11% | 6.31× | 72.0% | 11.2% |
| Standard Life SDLF.L | United Kingdom | $12.5B | +25% | +135% | -179% | 38.09× | n/a | -179.3% |
| Munchener Ruckversicherungs-Gesellschaft MUV2.DE | Germany | $80.3B | +22% | 0% | 21% | 2.13× | 9.0% | 21.4% |