Bajaj Finserv Limited has incorporated a wholly owned subsidiary named Bajaj Reinsurance Limited on 17 October 2026. The Certificate of Incorporation was received from the Ministry of Corporate Affairs via email on the same day at 12:37 hours (IST).
This action follows the Board's approval for the proposal to pursue the reinsurance business through a subsidiary, which was intimated on 31 July 2026.
The newly incorporated entity, Bajaj Reinsurance Limited, is established to carry on the business of reinsurance, subject to necessary regulatory approvals. A no objection certificate has already been obtained from the Insurance Regulatory and Development Authority of India (IRDAI) for its incorporation.
The subsidiary was incorporated for a cash consideration. Bajaj Finserv subscribed to 10,00,000 equity shares of face value ₹10 each, amounting to a total investment of ₹1,00,00,000 (One Crore Rupees). Consequently, Bajaj Finserv holds 100% of the equity shareholding in the subsidiary.