Bajaj Finance, one of India’s leading non-banking financial companies (NBFCs), has announced an ambitious plan to grow its loan book to ₹10 lakh crore by the fiscal year 2029 (FY29). Alongside this, the company aims to significantly increase its profits and expand its customer base, while ensuring a smooth leadership transition to support sustained growth.
The company plans to nearly double its current size, aiming to cross ₹5 lakh crore in loan book this year and reach ₹10 lakh crore by FY29. In the current fiscal year alone, Bajaj Finance has already added ₹86,000 crore in assets under management, showing strong momentum. Along with this, the company targets a profit of ₹43,000 crore by FY29, indicating a focus on profitable growth.
Bajaj Finance also intends to serve 200 million customers by FY29. To reach this, the company plans to add 15 to 17 million new customers annually. Maintaining a healthy return on assets, estimated between 4.3% and 4.7%, remains a priority to ensure that the rapid growth is sustainable and efficient.
To support these growth plans, the company is preparing an internal succession strategy for its leadership. The current managing director’s term continues until March 2028, and the plan is to appoint a new CEO from within the company by January 2028. This approach highlights Bajaj Finance’s focus on long-term stability and smooth management transition.
Although the company has evaluated opportunities for international expansion in countries like Indonesia, the Philippines, and Vietnam, it has decided to prioritise growth within the Indian market. This decision comes amid a more fragmented and competitive retail banking environment in India following the COVID-19 pandemic.
Bajaj Finance’s recent financial performance demonstrates its robust position:
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Bajaj Finance’s goal to reach a ₹10 lakh crore loan book by FY29 shows its confidence in the Indian financial market and its own growth capabilities. By focusing on expanding its customer base, maintaining profitability, and ensuring leadership continuity, the company is well-positioned to tackle a competitive market and achieve its ambitious targets in the coming years.
Disclaimer: This blog is written for informational purposes only and should not be construed as investment advice. The securities mentioned are purely for illustrative purposes and do not constitute a recommendation. Readers should conduct their own research and consult a financial advisor before making investment decisions.
Investments in the securities market are subject to market risks; read all related documents carefully before investing.
Published on: Sep 9, 2025, 3:57 PM IST
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