Bajaj Fin on course to achieve INR-4-tln AUM by FY25, says MD Rajeev Jain
This story was originally published at 19:11 IST on 10 December 2024
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--Bajaj Finance: On course to achieve AUM of INR 4 tln in FY25
--CONTEXT: Bajaj Finance MD Rajeev Jain's comments in investor presentation
--Bajaj Fin:To start financing solar, EV pdts to retail, MSME clients Jan-Mar
--Bajaj Finance: Target INR 20 bln of green finance in FY26
MUMBAI – Bajaj Finance Ltd. Managing Director Rajeev Jain said the company was well on course to achieve assets under management of INR 4 trillion in 2024-25 (Apr-Mar). In the presentation made to investors on Tuesday, Jain said the non-bank finance company will also start solar and electric vehicle financing to retail as well as micro, small and medium enterprises clients from January.
In the sustainable sector, Baja Finance aims INR 20 billion worth of green financing in FY26. Further, the company aims to increase its customer franchise to cross 200 million by FY29.
On the technology front, the company aims to be an early adopter of emerging technologies, leading to expectations of lower costs, improved productivity, and thus sustained growth.
Separately, Bajaj Finserv, in a presentation made to investors, said it aims to raise its profit after tax to INR 200 billion by 2029. Baja Finserv is the parent company of Bajaj Finance. In the presentation made to investors, the company aims at total income of INR 3 trillion by 2029, with a compounded annual growth rate of 20%-22%. On Tuesday, shares of Bajaj Finance and Bajaj Finserv closed 1.0% higher at INR 6,936.20 and 1.6% higher at INR 1,663.40, respectively, on the National Stock Exchange. End
Reported by Sourabh Kumar
Edited by Akul Nishant Akhoury
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