Are Bajaj Finance & Bajaj Finserv the Same? – Understand Ownership, Business & More

Bajaj Finance and Bajaj Finserv are two prominent names in India’s financial services sector, often assumed to be the same due to their similar branding and association with the Bajaj Group. However, while they are closely connected, they are not the same entity. Here's a detailed look into their differences, relationship, and individual roles.

Corporate Structure and Relationship

Bajaj Finserv Ltd is the parent company, and Bajaj Finance Ltd is its subsidiary. Bajaj Finserv was formed in 2007 when Bajaj Auto demerged its financial services and wind energy businesses into a separate entity. Bajaj Finserv became the holding company for the financial services arm of the Bajaj Group.

Bajaj Finserv holds a controlling stake of 51.39% in Bajaj Finance Ltd as of March 2025, along with shareholdings in other subsidiaries such as Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance.

Bajaj Finance Ltd operates as a non-banking financial company (NBFC) under the regulatory framework of the Reserve Bank of India (RBI). It is one of India’s leading consumer and SME lending companies, known for offering a diverse range of financial products.

Core Business Activities

Bajaj Finserv Ltd:

• Acts as the holding company and promoter of Bajaj Finance.
• It is an unregistered Core Investment Company (CIC), as per Core Investment Companies (RBI) Direction, 2026.
• Focuses on investment, insurance and savings products.
• Holds significant stakes in Bajaj Allianz General and Life Insurance companies.
• Also engaged in newer initiatives like health-tech, mutual fund distribution, and digital finance.

Bajaj Finance Ltd:

• Primarily focused on lending and financing solutions.
• Offers consumer loans, personal loans, home loans and more.
• Known for its innovative EMI card and digital lending platforms.

Stock Market Identity

Both Bajaj Finserv and Bajaj Finance are listed separately on the Indian stock exchanges (NSE & BSE).

• Bajaj Finance (NSE: BAJFINANCE) has a much higher market capitalisation compared to Bajaj Finserv. The market cap of Bajaj Finance is ₹5,73,858.29 crore, as of May 28, 2025, 11:49 AM.
• Bajaj Finserv (NSE: BAJAJFINSV) has a market cap of ₹3,24,308.15 crore, as of May 28, 2025, 11:51 AM.

Brand Confusion and Clarification

Because Bajaj Finserv promotes its financial services under a unified brand umbrella, including loans, insurance, and investment products, it is easy for customers to confuse the two. However, from a corporate and operational standpoint, Bajaj Finance is just one (albeit major) component of the Bajaj Finserv portfolio.

Also Read: Bajaj Finserv to Acquire 26% Stake from Allianz, Eyes Future IPOs for Insurance Businesses!

Conclusion

While Bajaj Finance and Bajaj Finserv are often perceived as one, they are distinct entities within the Bajaj Group. Bajaj Finserv serves as the parent company, overseeing multiple financial ventures, while Bajaj Finance is its flagship lending subsidiary. Both companies play crucial but different roles in shaping the financial ecosystem of India, offering investors and customers a broad spectrum of services under the respected Bajaj brand.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.