Bajaj Finserv Limited submitted its Half-Yearly Report for FY2027 ending 30 September 2026 to BSE and NSE pursuant to Regulation 30 and 27(1) read with Part E of Schedule II of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated Financial Performance H1 FY27 vs H1 FY26

  • Total income: ₹85,453 crore (18% growth from ₹72,515 crore)
  • Profit after tax attributable to owners: ₹12,249 crore (17% growth)
  • Previous period H1 FY26 profit after tax attributable to owners: Not explicitly stated for comparison

Subsidiary Performance Highlights

Bajaj Finance Ltd. (BFL) - Consolidated Ind AS
  • Customer franchise: 128.8 million as of 30 September 2026 (16% growth from 110.6 million)
  • Assets Under Management (AUM): ₹584,624 crore (26% growth from ₹462,261 crore)
  • Includes Bajaj Housing Finance Ltd. (BHFL) AUM: ₹158,205 crore (25% growth)
  • Total income: ₹47,742 crore in H1 FY27 (21% growth from ₹39,369 crore)
  • Profit after tax: ₹12,447 crore in H1 FY27 (28% growth from ₹9,713 crore)
  • Net NPA: 0.42% for H1 FY27
  • Capital adequacy ratio: 20.33% as on 30 September 2026 (Tier-I: 19.43%)
  • BHFL capital adequacy ratio: 21.24%
  • Capital raising approval: On 1 October 2026, BFL Board approved raising up to ₹11,700 crore through Qualified Institutional Placement to QIBs and Preferential Issue of warrants to Bajaj Finserv Limited for up to ₹5,800 crore, subject to shareholder approval
Bajaj General Insurance Ltd. - Indian GAAP
  • Gross written premium: ₹12,845 crore in H1 FY27 (11% growth from ₹11,615 crore)
  • Excluding crop and government health insurance: ₹11,268 crore (16% growth from ₹9,754 crore)
  • Underwriting loss: ₹246 crore in H1 FY27 (vs ₹208 crore in H1 FY26)
  • Combined ratio: 104.7% in H1 FY27 (vs 102.9% in H1 FY26)
  • Excluding natural calamities and accounting change impact: 102.7%
  • Profit after tax: ₹898 crore in H1 FY27 (vs ₹1,177 crore in H1 FY26)
  • Solvency ratio: 229% as on 30 September 2026 (regulatory minimum: 150%)
  • Assets Under Management: ₹36,313 crore (4% growth from ₹34,974 crore)
Bajaj Life Insurance Ltd. - Indian GAAP
  • New business premium: ₹8,848 crore in H1 FY27 (40% growth from ₹6,328 crore)
  • Retail weighted received premium: ₹3,416 crore in H1 FY27 (10% growth from ₹3,104 crore)
  • Gross written premium: ₹17,675 crore in H1 FY27 (28% growth from ₹13,844 crore)
  • Profit after tax: ₹106 crore in H1 FY27 (vs ₹184 crore in H1 FY26)
  • Net Value of New Business: ₹783 crore in H1 FY27 (53% growth from ₹512 crore)
  • Solvency ratio: 255% as on 30 September 2026 (regulatory minimum: 150%)
  • Assets Under Management: ₹146,321 crore (11% growth from ₹132,060 crore)

Corporate Structure and Business Description

Bajaj Finserv Limited is an unregistered Core Investment Company (CIC) under RBI Directions 2025, serving as the holding company for Bajaj group's financial services businesses. The company holds:

  • 51.30% in Bajaj Finance Ltd. (BFL)
  • 77.33% in Bajaj General Insurance Ltd. and Bajaj Life Insurance Ltd.

BFL holds 86.70% stake in Bajaj Housing Finance Ltd. (BHFL). Other subsidiaries include:

  • Bajaj Finserv Health Ltd. (wholly owned)
  • Vidal Health Insurance TPA Pvt. Ltd. (wholly owned step-down subsidiary)
  • Bajaj Finserv Direct Ltd. (80.10% owned)
  • Bajaj Asset Management Ltd. (wholly owned)
  • Bajaj Financial Securities Ltd. (wholly owned subsidiary of BFL)
  • Bajaj Alternate Investment Management Ltd. (wholly owned)
  • Bajaj Reinsurance Ltd. (wholly owned)

Additional Information

The report includes a message from Chairman & Managing Director Sanjiv Bajaj dated 3 November 2026, expressing commitment to disciplined execution and balanced risk management. The company states it serves "crores of customers" and aims to be a "Lifecycle partner to every Indian."

The document notes that insurance companies are not covered under Ind AS and have prepared Ind AS financials only for consolidation purposes, with standalone numbers based on Indian GAAP.