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Informist, Thursday, Apr. 30, 2026

--Bajaj Finserv: Will start rolling out new products over next 2 quarters 

--CONTEXT: Bajaj Finserv management's comments in post-earnings analyst call 

By Priyasmita Dutta and Shweta

NEW DELHI – Bajaj Finserv Ltd.'s management said its recently concluded buyback to acquire the remaining 3% stake of Allianz in its insurance arms – Bajaj General Insurance Ltd. and Bajaj Life Insurance Ltd. – is aimed at strengthening both the businesses' return on equity and return on embedded value. "The buyback not only concludes the buyout of Allianz stake, but it is also expected to strengthen the RoE and RoEV (return on embedded value) of both the insurance subsidiaries going forward," the management said in a post-earnings analyst call Thursday.

The acquisition, completed in March, gave Bajaj Finserv complete control of Bajaj General Insurance and Bajaj Life Insurance, with a 77.01% stake and raised the group's holding to 100%. Bajaj General Insurance's return on equity for 2025-26 (Apr-Mar) was 18.5% following the buyback, while Bajaj Life Insurance's return on embedded value was 14.10% at end of FY26. 

 
Earlier in the day, Bajaj Finserv reported a 5% on-year rise in consolidated net profit, owing to a steady rise in revenue from operations and a sharp fall in insurance and investment liabilities. A rise in claims paid during the quarter, however, limited the rise in the bottom line. 

Bajaj Finserv reported a net profit of INR 25.39 billion for the March quarter, up 5% on year and almost 14% on quarter. Its total income rose in line with the growth in net profit, and was up almost 6% on year at INR 385.08 billion. Following the announcement of the earnings, the company's shares fell 0.9% to INR 1,748 on the National Stock Exchange. The stock closed at INR 1,747.20, down 1%.

Bajaj Finserv is the non-operating holding company of Bajaj Finance Ltd., Bajaj Life Insurance, Bajaj General Insurance, and Bajaj Finserv Asset Management Ltd. Bajaj Finance, in turn, is the promoter of Bajaj Housing Finance Ltd. and Bajaj Financial Securities Ltd. Bajaj Life Insurance and Bajaj General Insurance were previously Bajaj Allianz General Insurance Co. Ltd. and Bajaj Allianz Life Insurance Co. Ltd., respectively.

On the asset management side, the company is planning to launch category II and category III alternate investment funds for which it has already filed for approval with the Securities and Exchange Board of India. "...for a private equity AIF and a real estate AIF and hopefully in the next quarter or so, we should get approval for that as well," they said.

The company is also planning to set up operations at the Gujarat International Finance Tec-City, or GIFT City, to attract non-resident Indians and foreign investors to take advantage of the tax structure there. "I think the next two quarters are where we will actually start rolling out our new products. That's the strategy as of now," the management said.  End

Edited by Tanima Banerjee

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