In India, Bajaj Finance and Bajaj Finserv are often mentioned together. Both are part of the Bajaj Group, one of the most respected and diversified business conglomerates in India. However, there are notable differences when comparing Bajaj Finance vs. Bajaj Finserv.
What is the real difference between Bajaj Finserv and Bajaj Finance?
Bajaj Finance offers lending services, such as personal loans, home loans, and consumer finance. On the other hand, Bajaj Finserv offers multiple services, including loans, insurance, and investments.
Let’s explore their operations, revenue, performance, product offerings, social impact, and stock performance to understand the key difference between Bajaj Finance and Bajaj FinServ.
What is Bajaj Finance and Bajaj Finserv?
Bajaj Finance is a subsidiary of Bajaj Finserv, a holding company that oversees various financial services businesses.
Bajaj Finance
- A non-banking financial company (NBFC) that provides consumer finance, personal loans, home loans, business loans, and more.
- It is a part of Bajaj Finserv that mainly focuses on lending and investment services.
- It operates in both urban and rural areas of India.
- Bajaj Finance subsidiary, Bajaj Housing Finance Ltd (BHFL), specialises in mortgages.
- It also includes Bajaj Financial Securities, which offers capital market solutions.
Bajaj Finserv
- A holding company offering a wide range of financial services, including loans, insurance, investments, and more.
- Provides various financial products such as savings plans, loans, insurance, investments, housing finance, and more.
Bajaj Finserv is one of the top financial services providers in India, and Bajaj Finance is one of its key subsidiaries.
Bajaj Finserv Ltd.: An Overview
Bajaj Finserv Ltd. plays a crucial role in India’s financial services sector as an unregistered Core Investment Company (CIC) in accordance with the Core Investment Companies (Reserve Bank) Direction, 2016.
Bajaj Finserv holds a 52.45% stake in Bajaj Finance Ltd., a prominent non-bank with a banking-like structure and strategy. It also owns 74% of Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance.
The company also owns:
Bajaj Finserv Health Ltd.
Bajaj Finserv Ventures Ltd.
Bajaj Finserv Asset Management Ltd.,
Bajaj Finserv Mutual Fund Trustee Ltd.
Both Bajaj Finserv and Bajaj Finance Ltd. are part of India’s leading stock indices, the BSE Sensex and Nifty 50.
Invest in Bajaj Finserv with a FREE Demat Account! Zero AMC, advanced tools & seamless trading.
The company has positively impacted over 2 million lives through more than 200 partner-implemented programmes. Additionally, their flagship programme, BEYOND, helps graduates from small towns secure jobs in the financial services industry.
The platform has a network of 120,000+ doctors and 6,000+ lab touchpoints and collaborates with 1,800+ hospitals.
Engaging in 643 CSR projects, the company has actively contributed to various initiatives in areas such as healthcare, education, skilling, and inclusion, making a positive impact on society at large.
Technology-Driven Growth
Bajaj Finserv’s commitment to innovation is evident in its tech-driven initiatives. The digital app platform played a pivotal role, with a substantial 35.5 million net users.
Additionally, Bajaj Finserv Ltd. (BFL) has strategically invested in enhancing its search ecosystem, establishing a robust groundwork to accommodate up to one billion web traffic in the medium term. BFL’s web platform has been instrumental, with more than 219 million customer visits, facilitating loan disbursals exceeding 5,000 crores in the fiscal year 2023.
Focus on Innovation and Stakeholder Holdings
The company holds a 52.49% stake in Bajaj Finance Ltd., employing a banking strategy and structure.
- Additionally, Bajaj Finserv has significant stakes in Bajaj Allianz Life Insurance Company Ltd. & Bajaj Allianz General Insurance Company Ltd.
- It also oversees subsidiaries like Bajaj Housing Finance Ltd. and Bajaj Financial Securities Ltd.
Bajaj Finserv Ltd. – Financial Highlights 2025
- Current Price: ₹1,873 – Data as of Feb 17th, 2025
- Market Cap: ₹2,99,063 Cr. – Data as of Feb 17th, 2025
| Information | Details |
| Corporate Office | 6th Floor, Bajaj Finserv Corporate Office, Viman Nagar, Pune – 411 014, Maharashtra, India |
| Registered Office | Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune -. 411 035, Maharashtra, India |
| Q3 FY25 Financial Highlights | Total Income: ₹32,042 crore (up 10%) Profit After Tax: ₹2,231 crore (up 3%) |
| Q3 FY25 Business Growth | Bajaj Finance: 17% increase in profit after tax General Insurance: 39% increase in profit |
| Emerging Business Performance | Losses: ₹95 crore (compared to ₹105 crore in Q3 FY24) Assets Under Management (AUM): ₹17,434 crore |
Bajaj Finserv Subsidiaries
Bajaj Finserv’s financial offerings extend to various sectors, including housing finance, brokering, and margin trade financing.
- Bajaj Finserv Health Ltd.
- Bajaj Finserv Ventures Ltd.
- Bajaj Finserv Asset Management Ltd.
- Bajaj Finserv Mutual Fund Trustee Ltd.
Bajaj Finance Ltd: An Overview
Bajaj Finance Ltd. (BFL), a subsidiary of Bajaj Finserv Ltd., is a Non-Banking Financial Company (NBFC-D) authorised by RBI- the Reserve Bank of India accepts deposits.
Categorised as an NBFC-Investment and Credit Company (NBFC-ICC), BFL is involved in both lending and deposit-taking activities. With a diversified lending portfolio, including retail, SMEs, and commercial customers, BFL has established a significant presence in both urban and rural India.
As a thirty-five-year-old enterprise, BFL has emerged as a leading player in the Indian NBFC sector, boasting a consolidated customer franchise of 69.14 million.
Since its beginning, Bajaj Finance has used technology to introduce 22 product lines and 46 product variants for retail, MSME, and commercial customers.
Bajaj Finance has a strong presence in both urban and rural India.
The company focuses on becoming a customer-centric, digital-first business by being available through mobile and web platforms, offering seamless experiences with the smart use of data and analytics.
Bajaj Finance holds a AAA/Stable rating for its Fixed Deposit program from CRISIL and ICRA and a long-term issuer credit rating of BBB-/Stable with S&P Global. It also has A1+ for short-term borrowing from CRISIL, India Ratings, and ICRA.
Bajaj Finance subsidiaries:
Bajaj Housing Finance Ltd., one of the fastest-growing finance companies in India, and Bajaj Financial Securities Ltd., an all-in-one platform offering demat, broking, and margin trade financing services to retail and HNI clients.
Bajaj Finance – Financial Highlights 2025
- Consolidated Profit After Tax: ₹4,308 crore in Q3 FY25
- Total Assets Under Management: ₹3,98,043 crore as of 31 December 2024
- New Loans Booked: 12.06 million (highest ever in Q3 FY25)
- Customer Growth: 5.03 million new customers (highest ever in a quarter)
| Key Information | Details |
| Company Name | Bajaj Finance Ltd. (BFL) |
| BSE Code | 500034 |
| NSE Code | BAJFINANCE |
| Market Capitalization | ₹5,22,573 Cr. (as of Feb 17th, 2025) |
| Current Stock Price | ₹8,430 (as of Feb 17th, 2025) |
| High / Low Price | ₹8,663 / ₹6,188 |
Bajaj Finance Products and Services
Bajaj Finance offers a variety of products and services.
Consumer Finance Products
- Durable Finance: Offers finance for household items with up to Rs. 4 lakh funding at zero or low-interest rates through the Bajaj Finserv EMI Network.
- Lifestyle Finance: Provides easy EMI loans for various lifestyle purchases, including home appliances, fashion, travel, and healthcare.
- Extended Warranty: IRDAI-approved program providing up to 3 years additional warranty in partnership with Bajaj Allianz General Insurance Co. Ltd. (BAGIC).
- Gold Loan: Loan offered against customer-owned gold with high loan limits, attractive interest rates, and flexible repayment options.
- Home Loan: Home loans up to Rs. 3.5 crore at the lowest interest rates, featuring additional top-up loans, doorstep services, and PMAY assistance.
- Digital Product Finance: Allows customers to buy products affordably from partner stores on the Bajaj Finserv EMI Network.
- EMI Card: Pre-approved loan of up to Rs. 4 lakh usable at partner stores with flexible tenors and no foreclosure charges.
- Personal Loan: Collateral-free personal loans up to Rs. 25 lakh with instant approval and flexible repayment tenors.
- Loan Against FD: Secured loan against fixed deposits with low-interest rates, quick processing, and flexible repayment options.
- Retail EMI: Easy financing on various products through the Bajaj Finance Ltd. retail network, with no hidden charges.
- Co-branded Wallet: Collaboration with MobiKwik for the Bajaj Finserv Wallet accepted at over 2 million stores, serving as a debit and credit facility wallet.
Commercial Lending and Financial Institutions
- It enables consumers to pay vendors on time with high loan amounts, Flexi loan facility, and quick disbursal.
- The personal financing option provides access to substantial funds for personal expenses.
- Loan against rental receipts for tenants with funding between Rs. 10 Crore to Rs. 50 crore and foreclosure or part-prepayment facility.
- Hassle-free financing against various securities, offering funds without liquidating assets.
Corporate Finance and Investment
- Loans for warehouses, offering affordable financing up to Rs. 30 lakh without collateral.
- Safest investment option with flexibility, guaranteed returns, and attractive interest rates of up to 8.70%.
- Professionally managed mutual funds with low risk, high returns, and liquidity.
Difference between Bajaj Finance and Bajaj Finserv
Now comes the real question: How do you explain Bajaj Finserv vs. Bajaj Finance?
Let’s find out!
| Basis | Bajaj Finserv | Bajaj Finance |
| Business Model | Holding company for various financial services businesses, including insurance, lending, investment management, and retail financing. | It is an NBFC that offers a diversified portfolio of lending and deposit products to individuals, SMEs, and commercial customers. |
| Type | Bajaj Finance focuses on consumer finance. | Bajaj Finserv is more diversified and focuses on insurance, investment management, and retail financing. |
| Revenue Streams | Insurance premium, interest income, fees and commission income, dividend income, and other income. | Interest income, fees and commission income, dividend income, and other income. |
Bajaj Finance vs Bajaj Finserv Share
In a difference between Bajaj Finserv and Bajaj Finance shares, here is the latest financial snapshot as of Feb 17th, 2025:
Bajaj Finance Ltd vs Bajaj Finserv Ltd Share Price
| Financial Basis | Bajaj Finance Ltd | Bajaj Finserv Ltd |
| Market Cap | ₹5,22,573 Cr. | ₹2,98,696 Cr. |
| Current Price | ₹8,430 | ₹1,871 |
| High / Low | ₹8,663 / ₹6,188 | ₹2,030 / ₹1,419 |
Bajaj Finserv vs Bajaj Finance: Which is Better
If you are looking for a more stable and diversified investment option, you might prefer Bajaj Finserv. This is because it offers a broader and more diversified portfolio of financial services. You could explore insurance, lending, investment management, and retail financing.
On the other hand, if you are looking for a more dynamic and growth-oriented investment option, you might prefer Bajaj Finance. This is because it offers a more focused and specialised portfolio of lending and deposit products catering to individuals, SMEs, and commercial customers. It also has a higher market cap than Bajaj Finserv.
The best way to decide which is better between Bajaj Finserv and Bajaj Finance is to do your own research and analysis and consult a professional financial advisor if needed.
Bajaj Finserv vs Bajaj Finance: FAQs
Bajaj Finserv is the holding company for various financial services businesses under the Bajaj Group, such as Bajaj Finance, Bajaj Allianz General Insurance, Bajaj Allianz Life Insurance, and Bajaj Finserv Markets. Its purpose is to provide diversified and customer-centric financial services.
No, Bajaj Finance and Bajaj Finserv are not the same. Bajaj Finance is a subsidiary of Bajaj Finserv and the lending arm of the Bajaj Group.
Yes, Bajaj Finance is a subsidiary of Bajaj Finserv.
No, Bajaj Finance is a subsidiary focused on lending, while Bajaj Finserv is the holding company for various financial services.
Bajaj Finserv has shown strong financial growth, but investment decisions should be based on individual research and goals.
No, Bajaj Allianz is an insurance company, while Bajaj Finserv is its parent company that operates multiple financial services, including insurance, lending, and investments.
Bajaj Finance has a higher market capitalisation of ₹5,22,573 Cr., compared to Bajaj Finserv’s ₹2,99,063 Cr. (as of Feb 17, 2025). While Bajaj Finserv is the parent company, Bajaj Finance contributes significantly to its revenue and profits.
Bajaj Finserv is known for its diverse financial services, including loans, insurance, investments, and its popular No Cost EMI financing model. It also has subsidiaries like Bajaj Finserv Health, Bajaj Finserv Ventures, and Bajaj Finserv Asset Management.
Source- Bajajgroup, Screener
______________________________________________________________________________________
Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.