- Valuation
- ₹5,83,050 Cr
- 1-year change
- +37%

Bajaj Finance Limited
About Bajaj Finance Limited
Data last updated:
Bajaj Finance Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of Bajaj Finserv Limited. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 25 March 1987 and has been in existence for over 39 years.
Bajaj Finance is ranked #6 among India's most valuable companies (2025). It is part of the Nifty 50, Sensex, Nifty 500 and BSE 500 indices.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN L65910MH1987PLC042961. Its GSTIN is 27AABCB1518L1ZS (Maharashtra). The company holds 76 GST registrations, of which 63 are active. Its shares are listed on BSE: 500034 and NSE: BAJFINANCE.
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹622.6 Cr. It was formerly known as Bajaj Auto Finance Private Limited and Bajaj Auto Finance Limited. It is led by directors including Rajeev Jain (Managing Director) and Rajivnayan Rahulkumar Bajaj.
Its last annual general meeting (AGM) was held on 24 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Akurdi Pune, Maharashtra, India – 411035.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹81,985 Cr, a growth of 19.1% compared to the previous year. For the same year it recorded a net profit of ₹19,225 Cr (net margin 23.4%) and EBITDA of ₹55,704 Cr (EBITDA margin 67.9%). The net worth stands at ₹1,13,999 Cr (up 17.9% YoY). Total assets are valued at ₹5,52,098 Cr (up 20% YoY).
The company has about 118,879 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 5 brands: Bajaj Financial Securities, Bajaj Housing Finance, Bajaj Auto Finance, Bajaj Finserv and Bajaj Broking. As per MCA filings, the company has open charges of ₹2,73,016 Cr and satisfied charges of ₹1,05,084 Cr on record. Court records list 3,87,834 cases involving the company, including 3,82,042 filed by the company and 5,836 filed against it; 51,434 cases are pending. The company has 91 deals on record (83 market trades, 5 qips, 2 debt financings), with disclosed funding of ₹10,406 Cr; the latest was in June 2026. Its 6 peer companies in the BFSI industry (Deposit Taking NBFC, Finance, Large NBFC), with the same principal business activity (other financial activities) are compared by revenue, 3 larger and 3 smaller; the largest is Sbi Dfhi Limited with revenue of ₹2,30,603 Cr. The company has 15 MSME Form 1 returns on record between 2018 and 2024, listing 803 overdue payments to 152 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies.
Name History
Bajaj Finance has undergone 3 name changes throughout its history. The company was previously known as Bajaj Auto Finance Private Limited, Bajaj Auto Finance Limited, and Bajaj Auto Finance Ltd. The current legal name is Bajaj Finance Limited.
| Company Name | Status |
|---|---|
| Bajaj Finance Limited | Current |
| Bajaj Auto Finance Private Limited | Previous |
| Bajaj Auto Finance Limited | Previous |
| Bajaj Auto Finance Ltd | Previous |
Recognitions & Rankings of Bajaj Finance
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressAkurdi Pune, Maharashtra, India – 411035
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Associated Brands
Bajaj Finance operates multiple associated brands including Bajaj Financial Securities, Bajaj Housing Finance, and Bajaj Auto Finance. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides demat accounts, trading platforms, and IPO services for investors. | bajajfinservsecurities.in | |
| Diversified lending NBFI | bajajhousingfinance.in | |
| Auto finance loans are provided for two-wheelers, three-wheelers, and cars. | bajajautofinance.com | |
| Financial solutions including loans and insurance are offered. | bajajfinserv.in | |
| Platform offering online share trading and stockbroking services | bajajbroking.in |
Business Activity
The main business activity of Bajaj Finance is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Bajaj Finance Limited
FY 2025-26 filings availableBajaj Finance Limited reported revenue of ₹81,985 Cr (up 19.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 81,985 | 68,832 | 54,972 | 41,411 | 31,633 | 26,673 | 26,375 |
| Revenue growth | +19.1% | +25.2% | +32.8% | +30.9% | +18.6% | +1.1% | - |
| EBITDA | 55,704 | 47,919 | 38,860 | 28,705 | 19,728 | 15,827 | 17,214 |
| EBITDA margin | +67.9% | +69.6% | +70.7% | +69.3% | +62.4% | +59.3% | +65.3% |
| Profit before tax | 25,817 | 22,080 | 19,310 | 15,528 | 9,504 | 5,992 | 7,322 |
| Net profit | 19,225 | 16,664 | 14,460 | 11,518 | 7,047 | 4,425 | 5,265 |
| Net profit margin | +23.5% | +24.2% | +26.3% | +27.8% | +22.3% | +16.6% | +20.0% |
| EPS (₹) | 30.58 | 267.98 | 233.84 | 190.38 | 116.50 | 73.47 | 87.74 |
| Balance sheet | |||||||
| Total assets | 5,52,098 | 4,60,186 | 3,70,041 | 2,71,062 | 2,08,945 | 1,68,552 | 1,62,134 |
| Net worth | 1,13,999 | 96,693 | 76,695 | 54,372 | 43,713 | 36,918 | 32,328 |
| Total debt | 4,35,112 | 3,61,249 | 2,93,346 | 2,16,690 | 1,65,232 | 1,31,634 | 1,29,806 |
| Cash & bank | 15,755 | 13,544 | 10,624 | 4,305 | 3,680 | 2,164 | 1,383 |
| Net working capital | 16,951 | 12,938 | 8,556 | 2,717 | 2,574 | 1,156 | 1,043 |
| Cash flow | |||||||
| Cash from operations | (65,790) | (67,792) | (72,760) | (42,112) | (37,029) | (807) | (24,412) |
| Cash from investing | (3,389) | (2,765) | (7,171) | (10,394) | 6,347 | (429) | (8,758) |
| Cash from financing | 67,433 | 70,165 | 82,415 | 50,675 | 32,240 | 1,741 | 34,167 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23,165 | 21,606 | 21,013 | 20,179 | 19,524 | 18,294 | 18,035 | 17,091 |
| Revenue growth (YoY) | +18.7% | +18.1% | +16.5% | +18.1% | +21.3% | - | - | - |
| Other income | 6.08 | 10.92 | 2.90 | 5.16 | 4.60 | 20.71 | 26.23 | 7.38 |
| EBITDA | 16,373 | 15,053 | 13,011 | 13,872 | 13,532 | 12,430 | 12,344 | 11,753 |
| EBITDA margin | +71.1% | +70.1% | +62.3% | +69.8% | +70.3% | +68.5% | +70.0% | +70.2% |
| Depreciation | 288 | 256 | 244 | 258 | 251 | 252 | 219 | 210 |
| Interest | 7,942 | 7,398 | 7,339 | 7,011 | 6,918 | 6,551 | 6,386 | 6,149 |
| Profit before tax | 8,149 | 7,410 | 5,431 | 6,608 | 6,368 | 5,647 | 5,765 | 5,401 |
| Tax | 2,068 | 1,857 | 1,365 | 1,660 | 1,602 | 1,102 | 1,457 | 1,388 |
| Net profit | 6,081 | 5,553 | 4,066 | 4,948 | 4,765 | 4,546 | 4,308 | 4,014 |
| EPS (₹) | 9.60 | 8.76 | 6.38 | 7.83 | 7.55 | 72.18 | 68.47 | 64.50 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 71,267 | 61,093 | 46,939 | 35,684 | 27,872 | 23,537 | 23,823 |
| Revenue growth | +16.7% | +30.2% | +31.5% | +28.0% | +18.4% | -1.2% | - |
| EBITDA | 46,259 | 41,139 | 31,678 | 23,744 | 16,612 | 13,205 | 15,058 |
| EBITDA margin | +64.9% | +67.3% | +67.5% | +66.5% | +59.6% | +56.1% | +63.2% |
| Profit before tax | 23,672 | 21,676 | 17,053 | 13,882 | 8,586 | 5,363 | 6,808 |
| Net profit | 16,352 | 13,530 | 12,653 | 10,299 | 6,368 | 3,960 | 4,882 |
| Net profit margin | +22.9% | +22.2% | +27.0% | +28.9% | +22.9% | +16.8% | +20.5% |
| EPS (₹) | 28.63 | 268.37 | 204.60 | 170.23 | 105.26 | 65.75 | 81.36 |
| Balance sheet | |||||||
| Total assets | 4,25,941 | 3,63,213 | 2,92,389 | 2,13,178 | 1,65,096 | 1,35,793 | 1,36,019 |
| Net worth | 1,03,122 | 87,996 | 72,011 | 51,493 | 42,056 | 35,939 | 31,813 |
| Total debt | 3,22,818 | 2,75,218 | 2,20,379 | 1,61,685 | 1,23,040 | 99,854 | 1,04,206 |
| Cash & bank | 13,106 | 12,455 | 9,432 | 3,319 | 2,901 | 1,374 | 679 |
| Net working capital | 15,366 | 12,480 | 7,872 | 2,197 | 1,908 | 336 | 387 |
| Cash flow | |||||||
| Cash from operations | (40,854) | (50,633) | (52,380) | (27,302) | (23,856) | 4,386 | (14,110) |
| Cash from investing | (1,146) | (1,462) | (9,721) | (12,400) | 3,806 | 424 | (9,633) |
| Cash from financing | 40,260 | 51,604 | 64,774 | 38,021 | 21,550 | (4,113) | 24,177 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19,802 | 18,430 | 17,870 | 17,184 | 16,697 | 15,638 | 15,371 | 14,488 |
| Revenue growth (YoY) | +18.6% | +17.9% | +16.3% | +18.6% | +21.7% | - | - | - |
| Other income | 0.67 | 0.52 | 1,417 | 1.67 | 0.57 | 11.44 | 22.89 | 2,548 |
| Total expenses | 6,496 | 6,221 | 7,657 | 5,998 | 5,693 | 5,596 | 5,434 | 5,105 |
| EBITDA | 13,307 | 12,209 | 10,212 | 11,187 | 11,003 | 10,043 | 9,937 | 9,383 |
| EBITDA margin | +67.6% | +66.7% | +57.5% | +66.2% | +66.9% | +64.8% | +66.3% | +66.3% |
| Depreciation | 270 | 238 | 227 | 242 | 236 | 236 | 205 | 196 |
| Interest | 5,874 | 5,487 | 5,464 | 5,244 | 5,222 | 4,913 | 4,777 | 4,544 |
| Profit before tax | 7,163 | 6,484 | 5,938 | 5,703 | 5,546 | 4,905 | 4,978 | 7,191 |
| Tax | 1,817 | 1,645 | 1,357 | 1,453 | 1,413 | 964 | 1,272 | 1,577 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23,165 | 21,606 | 21,013 | 20,179 | 19,524 | 18,294 | 18,035 | 17,091 |
| Revenue growth (YoY) | +18.7% | +18.1% | +16.5% | +18.1% | +21.3% | - | - | - |
| Other income | 6.08 | 10.92 | 2.90 | 5.16 | 4.60 | 20.71 | 26.23 | 7.38 |
| EBITDA | 16,373 | 15,053 | 13,011 | 13,872 | 13,532 | 12,430 | 12,344 | 11,753 |
| EBITDA margin | +71.1% | +70.1% | +62.3% | +69.8% | +70.3% | +68.5% | +70.0% | +70.2% |
| Depreciation | 288 | 256 | 244 | 258 | 251 | 252 | 219 | 210 |
| Interest | 7,942 | 7,398 | 7,339 | 7,011 | 6,918 | 6,551 | 6,386 | 6,149 |
| Profit before tax | 8,149 | 7,410 | 5,431 | 6,608 | 6,368 | 5,647 | 5,765 | 5,401 |
| Tax | 2,068 | 1,857 | 1,365 | 1,660 | 1,602 | 1,102 | 1,457 | 1,388 |
| Net profit | 6,081 | 5,553 | 4,066 | 4,948 | 4,765 | 4,546 | 4,308 | 4,014 |
| EPS (₹) | 9.60 | 8.76 | 6.38 | 7.83 | 7.55 | 72.18 | 68.47 | 64.50 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 81,985 | 68,832 | 54,972 | 41,411 | 31,633 | 26,673 | 26,375 |
| Revenue growth | +19.1% | +25.2% | +32.8% | +30.9% | +18.6% | +1.1% | - |
| Other income | 20.84 | 33.15 | 18.59 | 8.72 | 7.89 | 10.18 | 10.22 |
| Total expenses | 26,281 | 20,913 | 16,111 | 12,706 | 11,904 | 10,846 | 9,161 |
| Employee cost | 8,979 | 7,508 | 6,396 | 5,100 | 3,590 | 2,499 | 2,548 |
| EBITDA | 55,704 | 47,919 | 38,860 | 28,705 | 19,728 | 15,827 | 17,214 |
| EBITDA margin | +67.9% | +69.6% | +70.7% | +69.3% | +62.4% | +59.3% | +65.3% |
| Depreciation | 1,009 | 881 | 683 | 485 | 385 | 325 | 295 |
| Interest | 28,899 | 24,991 | 18,886 | 12,701 | 9,848 | 9,519 | 9,608 |
| Profit before tax | 25,817 | 22,080 | 19,310 | 15,528 | 9,504 | 5,992 | 7,322 |
| Tax | 6,484 | 5,300 | 4,858 | 4,020 | 2,476 | 1,572 | 2,058 |
| Net profit | 19,225 | 16,664 | 14,460 | 11,518 | 7,047 | 4,425 | 5,265 |
| Net profit margin | +23.5% | +24.2% | +26.3% | +27.8% | +22.3% | +16.6% | +20.0% |
| EPS (₹) | 30.58 | 267.98 | 233.84 | 190.38 | 116.50 | 73.47 | 87.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 622 | 124 | 124 | 121 | 121 | 120 | 120 |
| Reserves & surplus | 1,13,377 | 96,569 | 76,275 | 54,251 | 43,592 | 36,798 | 32,208 |
| Shareholders' funds (net worth) | 1,13,999 | 96,693 | 76,695 | 54,372 | 43,713 | 36,918 | 32,328 |
| Minority interest | 2,987 | 2,244 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 3,20,997 | 2,50,387 | 1,96,514 | 1,48,838 | 1,13,383 | 88,449 | 97,633 |
| Unsecured loans | 1,14,115 | 1,10,862 | 96,832 | 67,853 | 51,849 | 43,185 | 32,173 |
| Total debt | 4,35,112 | 3,61,249 | 2,93,346 | 2,16,690 | 1,65,232 | 1,31,634 | 1,29,806 |
| Total liabilities | 5,52,098 | 4,60,186 | 3,70,041 | 2,71,062 | 2,08,945 | 1,68,552 | 1,62,134 |
| Assets | |||||||
| Gross block | 7,208 | 6,275 | 5,234 | 3,797 | 2,864 | 2,278 | 2,032 |
| Net block | 3,947 | 3,780 | 3,250 | 2,308 | 1,716 | 1,316 | 1,321 |
| Capital work in progress | 119 | 41.29 | 43.46 | 79.84 | 34.14 | 51.06 | 0.00 |
| Investments | 30,578 | 34,441 | 30,881 | 22,752 | 12,246 | 18,397 | 17,544 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 1,908 | 1,913 | 1,733 | 1,300 | 1,266 | 1,097 | 953 |
| Cash & bank balances | 15,755 | 13,544 | 10,624 | 4,305 | 3,680 | 2,164 | 1,383 |
| Loans & advances | 7,142 | 3,423 | 1,899 | 1,277 | 1,189 | 813 | 965 |
| Total current assets | 24,805 | 18,879 | 14,257 | 6,881 | 6,135 | 4,074 | 3,300 |
| Total current liabilities | 7,854 | 5,941 | 5,700 | 4,164 | 3,561 | 2,918 | 2,257 |
| Net working capital | 16,951 | 12,938 | 8,556 | 2,717 | 2,574 | 1,156 | 1,043 |
| Total assets | 5,52,098 | 4,60,186 | 3,70,041 | 2,71,062 | 2,08,945 | 1,68,552 | 1,62,134 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 3,642 | 4,035 | 1,551 | 3,381 | 1,849 | 1,345 | 347 |
| Net cash from operating activities | (65,790) | (67,792) | (72,760) | (42,112) | (37,029) | (807) | (24,412) |
| Net cash from investing activities | (3,389) | (2,765) | (7,171) | (10,394) | 6,347 | (429) | (8,758) |
| Net cash from financing activities | 67,433 | 70,165 | 82,415 | 50,675 | 32,240 | 1,741 | 34,167 |
| Net change in cash | (1,746) | (392) | 2,484 | (1,831) | 1,558 | 505 | 998 |
| Closing cash | 15,755 | 13,544 | 10,624 | 4,305 | 3,680 | 2,164 | 1,383 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +19.1% | +25.2% | +32.8% | +30.9% | +18.6% | +1.1% | - |
| EBITDA growth | +16.3% | +23.3% | +35.4% | +45.5% | +24.7% | -8.1% | - |
| PBT growth | +16.9% | +14.4% | +24.4% | +63.4% | +58.6% | -18.2% | +18.5% |
| Net income growth | +15.4% | +15.2% | +25.6% | +63.5% | +59.3% | -16.0% | - |
| Revenue CAGR (3Y) | +25.6% | +29.6% | +27.3% | +16.2% | +19.6% | +27.9% | +38.3% |
| EBITDA CAGR (3Y) | +24.7% | +34.4% | +34.9% | +18.6% | +14.8% | +22.4% | +36.8% |
| Profitability & leverage | |||||||
| Net income margin | +23.6% | +24.4% | +26.3% | +27.8% | +22.2% | +16.6% | +20.0% |
| Return on capital employed | +10.9% | +11.4% | +11.9% | +11.8% | +10.3% | +9.4% | +12.0% |
| Return on net worth | +18.4% | +19.4% | +22.1% | +23.5% | +17.4% | +12.8% | +20.2% |
| Debt / equity | 3.78 | 3.78 | 3.89 | 3.89 | 3.68 | 3.78 | 4.45 |
| Long-term debt / equity | 3.41 | 3.42 | 3.57 | 3.63 | 3.42 | 3.55 | 4.09 |
| Interest cover | 52.84 | 53.13 | 49.47 | 45.01 | 50.91 | 61.41 | 56.78 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 12.16 | 11.97 | 12.18 | 12.44 | 12.31 | 12.38 | 16.67 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 42.92 | 37.77 | 36.26 | 32.29 | 26.78 | 26.04 | 29.96 |
| EPS (₹) | 30.58 | 267.98 | 233.84 | 190.38 | 116.50 | 73.47 | 87.74 |
| Dividend per share (₹) | 6.00 | 56.00 | 36.00 | 30.00 | 20.00 | 10.00 | 10.00 |
| Book value per share (₹) | 183.34 | 1,557.43 | 1,236.22 | 899.53 | 724.56 | 613.67 | 538.84 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19,802 | 18,430 | 17,870 | 17,184 | 16,697 | 15,638 | 15,371 | 14,488 |
| Revenue growth (YoY) | +18.6% | +17.9% | +16.3% | +18.6% | +21.7% | - | - | - |
| Other income | 0.67 | 0.52 | 1,417 | 1.67 | 0.57 | 11.44 | 22.89 | 2,548 |
| Total expenses | 6,496 | 6,221 | 7,657 | 5,998 | 5,693 | 5,596 | 5,434 | 5,105 |
| EBITDA | 13,307 | 12,209 | 10,212 | 11,187 | 11,003 | 10,043 | 9,937 | 9,383 |
| EBITDA margin | +67.6% | +66.7% | +57.5% | +66.2% | +66.9% | +64.8% | +66.3% | +66.3% |
| Depreciation | 270 | 238 | 227 | 242 | 236 | 236 | 205 | 196 |
| Interest | 5,874 | 5,487 | 5,464 | 5,244 | 5,222 | 4,913 | 4,777 | 4,544 |
| Profit before tax | 7,163 | 6,484 | 5,938 | 5,703 | 5,546 | 4,905 | 4,978 | 7,191 |
| Tax | 1,817 | 1,645 | 1,357 | 1,453 | 1,413 | 964 | 1,272 | 1,577 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 71,267 | 61,093 | 46,939 | 35,684 | 27,872 | 23,537 | 23,823 |
| Revenue growth | +16.7% | +30.2% | +31.5% | +28.0% | +18.4% | -1.2% | - |
| Other income | 3.16 | 14.69 | 7.18 | 5.37 | 6.81 | 9.77 | 10.98 |
| Total expenses | 25,009 | 19,954 | 15,261 | 11,941 | 11,260 | 10,331 | 8,765 |
| Employee cost | 8,286 | 6,907 | 5,849 | 4,614 | 3,225 | 2,242 | 2,293 |
| EBITDA | 46,259 | 41,139 | 31,678 | 23,744 | 16,612 | 13,205 | 15,058 |
| EBITDA margin | +64.9% | +67.3% | +67.5% | +66.5% | +59.6% | +56.1% | +63.2% |
| Depreciation | 942 | 822 | 629 | 444 | 355 | 302 | 271 |
| Interest | 21,648 | 18,656 | 14,003 | 9,424 | 7,678 | 7,550 | 7,990 |
| Profit before tax | 23,672 | 21,676 | 17,053 | 13,882 | 8,586 | 5,363 | 6,808 |
| Tax | 5,868 | 5,015 | 4,409 | 3,592 | 2,236 | 1,407 | 1,927 |
| Net profit | 16,352 | 13,530 | 12,653 | 10,299 | 6,368 | 3,960 | 4,882 |
| Net profit margin | +22.9% | +22.2% | +27.0% | +28.9% | +22.9% | +16.8% | +20.5% |
| EPS (₹) | 28.63 | 268.37 | 204.60 | 170.23 | 105.26 | 65.75 | 81.36 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 622 | 124 | 124 | 121 | 121 | 120 | 120 |
| Reserves & surplus | 1,02,501 | 87,872 | 71,590 | 51,372 | 41,935 | 35,818 | 31,693 |
| Shareholders' funds (net worth) | 1,03,122 | 87,996 | 72,011 | 51,493 | 42,056 | 35,939 | 31,813 |
| Secured loans | 2,24,697 | 1,72,021 | 1,31,408 | 96,707 | 77,159 | 60,136 | 69,427 |
| Unsecured loans | 98,121 | 1,03,197 | 88,970 | 64,978 | 45,881 | 39,718 | 34,779 |
| Total debt | 3,22,818 | 2,75,218 | 2,20,379 | 1,61,685 | 1,23,040 | 99,854 | 1,04,206 |
| Total liabilities | 4,25,941 | 3,63,213 | 2,92,389 | 2,13,178 | 1,65,096 | 1,35,793 | 1,36,019 |
| Assets | |||||||
| Gross block | 6,737 | 5,862 | 4,882 | 3,522 | 2,669 | 2,138 | 1,909 |
| Net block | 3,724 | 3,575 | 3,060 | 2,147 | 1,598 | 1,227 | 1,228 |
| Capital work in progress | 119 | 39.20 | 42.59 | 79.53 | 32.68 | 51.06 | 0.00 |
| Investments | 38,074 | 41,716 | 37,153 | 28,738 | 16,372 | 20,169 | 20,139 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 1,576 | 1,416 | 1,245 | 1,070 | 1,017 | 710 | 867 |
| Cash & bank balances | 13,106 | 12,455 | 9,432 | 3,319 | 2,901 | 1,374 | 679 |
| Loans & advances | 6,947 | 3,264 | 1,633 | 1,155 | 911 | 743 | 825 |
| Total current assets | 21,629 | 17,136 | 12,310 | 5,544 | 4,829 | 2,827 | 2,372 |
| Total current liabilities | 6,263 | 4,656 | 4,438 | 3,347 | 2,921 | 2,491 | 1,984 |
| Net working capital | 15,366 | 12,480 | 7,872 | 2,197 | 1,908 | 336 | 387 |
| Total assets | 4,25,941 | 3,63,213 | 2,92,389 | 2,13,178 | 1,65,096 | 1,35,793 | 1,36,019 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 3,374 | 3,865 | 1,191 | 2,873 | 1,372 | 675 | 240 |
| Net cash from operating activities | (40,854) | (50,633) | (52,380) | (27,302) | (23,856) | 4,386 | (14,110) |
| Net cash from investing activities | (1,146) | (1,462) | (9,721) | (12,400) | 3,806 | 424 | (9,633) |
| Net cash from financing activities | 40,260 | 51,604 | 64,774 | 38,021 | 21,550 | (4,113) | 24,177 |
| Net change in cash | (1,741) | (491) | 2,674 | (1,682) | 1,501 | 697 | 435 |
| Closing cash | 13,106 | 12,455 | 9,432 | 3,319 | 2,901 | 1,374 | 679 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +16.7% | +30.2% | +31.5% | +28.0% | +18.4% | -1.2% | - |
| EBITDA growth | +12.4% | +29.9% | +33.4% | +42.9% | +25.8% | -12.3% | - |
| PBT growth | +9.2% | +27.1% | +22.9% | +61.7% | +60.1% | -21.2% | +12.8% |
| Net income growth | +20.9% | +6.9% | +22.9% | +61.7% | +60.8% | -18.9% | - |
| Revenue CAGR (3Y) | +25.9% | +29.9% | +25.9% | +14.4% | +17.0% | +23.0% | +33.7% |
| EBITDA CAGR (3Y) | +24.9% | +35.3% | +33.9% | +16.4% | +10.9% | +15.5% | +30.9% |
| Profitability & leverage | |||||||
| Net income margin | +25.0% | +27.3% | +26.9% | +28.8% | +22.8% | +16.8% | +20.5% |
| Return on capital employed | +11.5% | +11.5% | +12.3% | +12.3% | +10.8% | +9.5% | +12.2% |
| Return on net worth | +18.6% | +16.9% | +20.5% | +22.0% | +16.3% | +11.7% | +19.0% |
| Debt / equity | 3.13 | 3.10 | 3.09 | 3.04 | 2.86 | 3.01 | 3.71 |
| Long-term debt / equity | 2.84 | 2.80 | 2.82 | 2.83 | 2.68 | 2.79 | 3.36 |
| Interest cover | 47.77 | 46.27 | 45.10 | 40.45 | 47.23 | 58.51 | 54.03 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 11.31 | 11.37 | 11.17 | 11.53 | 11.60 | 11.64 | 15.92 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 47.64 | 45.92 | 40.56 | 34.20 | 32.29 | 29.86 | 28.50 |
| EPS (₹) | 28.63 | 268.37 | 204.60 | 170.23 | 105.26 | 65.75 | 81.36 |
| Dividend per share (₹) | 6.00 | 56.00 | 36.00 | 30.00 | 20.00 | 10.00 | 10.00 |
| Book value per share (₹) | 165.85 | 1,417.34 | 1,160.41 | 851.90 | 697.10 | 597.39 | 530.26 |
Board of Directors of Bajaj Finance Limited
Bajaj Finance has 10 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajivnayan Rahulkumar Bajaj Also directs: SNRS Family LLP, Bajaj Holdings & Investment Limited., Bajaj Finserv Limited and 5 more | Director | 02 May 1994 | 32 Years 5 Months | Current |
| Rajeev Jain Also directs: Bajaj Housing Finance Limited, Bajaj Finserv Limited | Managing Director | 01 Apr 2015 | 11 Years 6 Months | Current |
| Pramit Shashikant Jhaveri | Director | 01 Aug 2021 | 5 Years 2 Months | Current |
| Naushad Darius Forbes Also directs: Bajaj Holdings & Investment Limited., Bajaj Finserv Limited, Bajaj Auto Limited. and 5 more | Director | 01 Apr 2019 | 7 Years 6 Months | Current |
| Anami Narayan Prema Roy | Director | 01 Apr 2019 | 7 Years 6 Months | Current |
| Sanjivnayan Bajaj | Director | 18 Jan 2005 | 21 Years 9 Months | Current |
Peer Comparison
Bajaj Finance Limited is compared with the companies closest to it by revenue in the BFSI industry (Deposit Taking NBFC, Finance, Large NBFC), with the same principal business activity (other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sbi Dfhi Limited | ₹2,30,603 Cr (FY 2018) | •••• | •••• | -50.0% | •••• | Mumbai, Maharashtra, India |
| PNB Gilts Limited Listed | ₹1,98,864 Cr (FY 2018) | •••• | •••• | -39.0% | •••• | New Delhi, Delhi, India |
| Bajaj Finance Limited this company | ₹81,985 Cr (FY 2026) | •••• | •••• | 19.1% | •••• | Pune, Maharashtra, India |
| Power Finance Corporation Limited Listed | ₹76,345 Cr (FY 2022) | •••• | •••• | 6.0% | •••• | New Delhi, Delhi, India |
| Shriram City Union Finance Limited Listed | ₹41,859 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Chennai, Tamil Nadu, India |
| Aditya Birla Capital Limited Listed | ₹40,724 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Veraval, Gujarat, India |
| Tata Capital Limited | ₹28,370 Cr (FY 2025) | •••• | •••• | 56.0% | •••• | Mumbai, Maharashtra, India |
Peers are the companies nearest to Bajaj Finance by revenue, above and below it, in the BFSI industry (Deposit Taking NBFC, Finance, Large NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Bajaj Finance Limited is audited by S R B C & CO LLP for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S R B C & CO LLP | Locked | Locked | Locked |
: available in the company report
Shareholding Pattern
Shareholding for the quarter ended Sep 2026: promoters hold 54.70%, foreign institutional investors hold 18.80%, domestic institutional investors hold 17.80% and retail and other public shareholders hold 8.70%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 54.70% | 54.70% | 54.70% | 54.70% |
| Public | 45.30% | 45.30% | 45.30% | 45.30% |
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 May 2026 | Others | ₹1,025 Cr | Open |
| 12 May 2026 | Others | ₹2,892 Cr | Open |
| 17 Apr 2026 | Others | ₹2,004 Cr | Open |
| 11 Mar 2026 | Others | ₹2,718.3 Cr | Open |
| 09 Mar 2026 | Others | ₹906.4 Cr | Open |
Total charge records: 445 View all charges
Deals & Funding
Bajaj Finance Limited has 91 deals on record (83 market trades, 5 qips, 2 debt financings), with disclosed funding of ₹10,406 Cr; the latest was in June 2026.
Deals on record (5 of 91)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2023 | QIP | ₹10,000 Cr | Investors: Bajaj Finserv Limited |
| Sep 2010 | Market trade | ₹111.99 Cr | Buyer: Bajaj Finserv Limited Seller: an individual |
| Jul 2010 | Market trade | ₹199.79 Cr | Buyer: Bajaj Finserv Limited Seller: Bajaj Holdings And Investment Limited |
| Mar 2010 | Market trade | ₹27.79 Cr | Buyer: Bajaj Finserv Limited Seller: Jamnalal Sons And Co. |
| Mar 2010 | Market trade | ₹31.81 Cr | Buyer: Bajaj Finserv Limited |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Bajaj Finance Limited has 3,87,834 court cases on record: 3,82,042 filed by Bajaj Finance, 5,836 filed against it. 51,434 cases are pending and 3,36,400 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3,85,191 | 4,687 | 51,114 |
| High courts | 2,538 | 1,067 | 286 |
| Supreme Court | 46 | 34 | 11 |
| NCLAT | 34 | 28 | 21 |
| NCLT | 25 | 20 | 2 |
Cases on record (5 of 3,87,834)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Rajasthan | Writ petition | Filed by the company against Rajasthan Pap Sales Private Limited and 3 others | Pending |
| District court, East Godavari, Andhra Pradesh | Civil suit | Filed against the company | Pending |
| District court, Guntur, Andhra Pradesh | Civil suit | Filed against the company | Pending |
| District court, Chittoor, Andhra Pradesh | Civil suit | Filed against the company by an individual | Pending |
| District court, East Godavari, Andhra Pradesh | Civil suit | Filed against the company by an individual | Pending |
: available in the company report
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays
Bajaj Finance Limited has 15 MSME Form 1 returns on record between 2018 and 2024, listing 803 overdue payments to 152 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 152)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sircletech Labs Private Limited | •••• | •••• | •••• |
| Blazeclan Technologies Private Limited | •••• | •••• | •••• |
| Digisarv Technologies Private Limited | •••• | •••• | •••• |
| Bajaj Housing Finance Limited | •••• | •••• | •••• |
| Bhasha Bharti | •••• | •••• | •••• |
: available in the company report
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance
Bajaj Finance Limited has a workforce of 118,879 employees as of Jan 21, 2026.
: available in the company report
Group Structure
Bajaj Finance has 2 subsidiary companies and 2 associated companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Bajaj Housing Finance Limited | U65910PN2008PLC132228 | - |
| Bajaj Financial Securities Limited | U67120PN2010PLC136026 | - |
Showing major subsidiaries. Total: 2.
Recent Activity
Bajaj Finance Limited has 36 board changes on record since 1987: 23 appointments and 13 cessations. The latest: Anup Kumar Saha ceased to be Managing Director on 22 Jul 2025.
791 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Bajaj Finance has 76 GST registrations: 63 active and 13 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCB1518L1ZS | Maharashtra | Active | 01 Jul 2017 |
| 27AABCB1518L3ZQ | Maharashtra | Active | 02 Aug 2017 |
| 27AABCB1518L4ZP | Maharashtra | Active | 12 May 2020 |
| 27AABCB1518L1C3 | Maharashtra | Active | 17 Jun 2021 |
: available in the company report
MCA Filings & Documents
: available in the company report
Related news
Frequently Asked Questions
Bajaj Finance is an active public limited company based in Pune, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 25 March 1987 (39+ years old) and is registered under CIN L65910MH1987PLC042961. Listed on BSE: 500034 and NSE: BAJFINANCE.
Bajaj Finance reported revenue of ₹81,985 Cr for FY 2025-26 (up 19.1% YoY) based on consolidated financials.
Bajaj Finance has 10 current directors:
- Rajeev Jain - Managing Director
- Rajivnayan Rahulkumar Bajaj - Director
- Pramit Shashikant Jhaveri - Director
- Naushad Darius Forbes - Director
- Anami Narayan Prema Roy - Director
- Sanjivnayan Bajaj - Director
- Radhika Vijay Haribhakti - Director
- Arindam Bhattacharya - Director
- Ajay Kumar Choudhary - Director
- Tarun Bajaj - Director
The latest financial statements of Bajaj Finance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bajaj Finance is 27AABCB1518L1ZS, registered in Maharashtra. The company has 76 GST registrations in all, of which 63 are active and 13 are cancelled or inactive. Other active GSTINs include 27AABCB1518L3ZQ (Maharashtra), 27AABCB1518L4ZP (Maharashtra), 27AABCB1518L1C3 (Maharashtra).
The CIN (Corporate Identification Number) of Bajaj Finance is L65910MH1987PLC042961. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Bajaj Finance is listed on both BSE (code: 500034) and NSE (symbol: BAJFINANCE).
Bajaj Finance has 3,87,834 court cases on record: 3,82,042 filed by the company and 5,836 filed against it. 51,434 are pending. Most are in the district courts.
Bajaj Finance was incorporated on 25 March 1987, making it 39+ years old. It is registered with the Registrar of Companies, Pune.
Bajaj Finance has 91 deals on record (83 market trades, 5 qips, 2 debt financings), with disclosed funding of ₹10,406 Cr; the latest was in June 2026.
The peers of Bajaj Finance by revenue are Sbi Dfhi Limited, PNB Gilts Limited, Power Finance Corporation Limited, Shriram City Union Finance Limited, Aditya Birla Capital Limited and 1 more, all in the BFSI industry (Deposit Taking NBFC, Finance, Large NBFC), with the same principal business activity (other financial activities).
Anup Kumar Saha ceased to be Managing Director on 22 Jul 2025. Ajay Kumar Choudhary was appointed as Director on 01 Feb 2025. Tarun Bajaj was appointed as Director on 01 Aug 2024. Bajaj Finance has 36 board changes on record in total.