Bajaj Finserv Files FY26 Investor Presentation for US-Canada Non-Deal Roadshow
Bajaj Finserv filed its FY2026 International Investor Presentation for a Non-Deal Roadshow in the USA and Canada (May 11–15, 2026), organised by Jefferies. The group reported all-time high consolidated revenue of $16,541 MM and PAT of $1,077 MM, with a 10-year CAGR of 22% in revenue and AUM. Key subsidiaries including Bajaj Finance (AUM +22.4%), Bajaj Life Insurance (GWP +21.2%), and Bajaj Housing Finance (AUM +22.7%) delivered strong Q4 FY2026 performance, while emerging businesses such as Bajaj Finserv Health (revenue +41.6%) and Bajaj AMC (AUM +31.7%) continued their growth trajectory.
*this image is generated using AI for illustrative purposes only.
Bajaj Finserv Limited has filed its International Investor Presentation for FY2026 with the stock exchanges in connection with a Non-Deal Roadshow (NDR) scheduled in the United States of America and Canada from May 11 to 15, 2026. The roadshow, organised by Jefferies, will involve interactions with institutional investors and funds. The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by Company Secretary Uma Shende. All discussions during the roadshow will pertain exclusively to publicly available information, with an INR to USD conversion rate of 91 used across the presentation deck.
Roadshow Details
The following table outlines the key details of the scheduled institutional investor engagement:
| Parameter: | Details |
|---|---|
| Date: | May 11 to 15, 2026 |
| Venue: | United States of America (USA) and Canada |
| Nature of Event: | Non-Deal Roadshow organised by Jefferies |
| Participants: | Group of institutional investors/funds |
| Mode: | In-person |
Group Financial Performance – FY2026
Bajaj Finserv reported all-time high consolidated revenue and PAT in FY2026. The group's consolidated figures reflect strong growth over a 10-year period, with a 22% CAGR in both revenue and AUM since FY2016. The following table summarises key consolidated financial metrics:
| Metric: | FY2016 | FY2026 | 10-Yr CAGR |
|---|---|---|---|
| Consolidated Revenue: | $2,256 MM | $16,541 MM | 22% |
| Consolidated PAT: | $205 MM | $1,077 MM | 18% |
| Consolidated AUM: | $10,719 MM | $77,560 MM | 22% |
| Consolidated Market Cap: | $9,697 MM | $116,776 MM | 28% |
The group's customer franchise expanded from 30 MM+ in FY2016 to 180 MM+ in FY2026, representing a 20% CAGR. Employees grew from 20,500+ to 110,000+ (18% CAGR), while branches expanded from 1,550+ to 5,000+ (12% CAGR). Distributors grew from 128,000+ to 570,000+ (16% CAGR). A significant corporate milestone during the period was the completion of the acquisition of Allianz's stake in the insurance companies in Q4 FY2026, making the insurance businesses fully Bajaj-owned.
Subsidiary Performance – Q4 FY2026
The presentation provides a detailed performance summary for Q4 FY2026 across key subsidiaries. Bajaj General Insurance reported total GWP of $475 MM in Q4 FY2026, with PAT of $40 MM and AUM of $3,904 MM (up 7.3% year-on-year). The solvency margin stood at 302%, among the highest in the industry, and the annualised ROE at 200% solvency for FY2026 is estimated at approximately 18.5%. Bajaj Life Insurance posted GWP growth of 21.2% to $1,231 MM in Q4 FY2026, with VNB (Value of New Business) rising 29.1% and PAT growing 78.0%. AUM stood at $14,677 MM, up 7.9%, and solvency remained healthy at 266%.
| Subsidiary: | Key Metric | Q4 FY2026 | Q4 FY2025 | Growth |
|---|---|---|---|---|
| Bajaj General Insurance: | Total GWP | $475 MM | $475 MM | Flat |
| Bajaj General Insurance: | AUM | $3,904 MM | $3,640 MM | +7.3% |
| Bajaj Life Insurance: | GWP | $1,231 MM | $1,015 MM | +21.2% |
| Bajaj Life Insurance: | AUM | $14,677 MM | $13,597 MM | +7.9% |
| Bajaj Finance: | AUM | $56,041 MM | $45,787 MM | +22.4% |
| Bajaj Housing Finance: | AUM | $15,462 MM | $12,603 MM | +22.7% |
| Bajaj AMC: | AUM | $2,947 MM | $2,238 MM | +31.7% |
Bajaj Finance and Housing Finance
Bajaj Finance delivered a strong quarter, booking 12.9 MM new loans against 10.7 MM in Q4 FY2025, adding 3.9 MM new customers during the quarter. Net total income grew 20.9% and PAT grew 21.9%, with AUM expanding 22.4% to $56,041 MM. The overall customer franchise stood at 119.3 MM with a cross-sell client base of 75.5 MM as of March 31, 2026. Bajaj Housing Finance reported AUM growth of 22.7% to $15,462 MM, driven by a 23% increase in disbursements on a year-on-year basis. Net total income rose 19.7% to $125 MM, while PAT grew 14.0% to $74 MM. As of March 31, 2026, the leverage ratio stood at 5.6 times, the debt-to-equity ratio at 4.6 times, and the capital adequacy ratio at 22.5%, against a regulatory requirement of 15.0%.
Emerging Businesses
Bajaj Finserv Health reported operating revenue growth of 41.6% to $33 MM in Q4 FY2026, processing approximately 6.5 MM healthcare transactions during the quarter. Bajaj AMC recorded operating revenue growth of 58.3%, with AUM rising 31.7% to $2,947 MM. Average AUM for Q4 FY2026 stood at $3,366 MM, up 52.1% over the previous year, with equity mix at 59% and non-group share of AUM constituting 93.3% of total AUM. Bajaj Finserv Direct reported revenue of $34 MM for Q4 FY2026, with the quarter impacted by a planned system migration. Bajaj Financial Securities reported operating revenue growth of 46.7% to $6 MM in Q4 FY2026, with PAT growing 50.0% and AUM rising to $877 MM from $495 MM.
| Emerging Business: | Key Metric | Q4 FY2026 | Q4 FY2025 | Growth |
|---|---|---|---|---|
| Bajaj Finserv Health: | Operating Revenue | $33 MM | $24 MM | +41.6% |
| Bajaj AMC: | Operating Revenue | — | — | +58.3% |
| Bajaj AMC: | AUM | $2,947 MM | $2,238 MM | +31.7% |
| Bajaj AMC: | Average AUM | $3,366 MM | $2,212 MM | +52.1% |
| Bajaj Finserv Direct: | Revenue | $34 MM | $14 MM | — |
| Bajaj Financial Securities: | Operating Revenue | $6 MM | $4 MM | +46.7% |
| Bajaj Financial Securities: | AUM | $877 MM | $495 MM | +77.2% |
Technology and ESG Highlights
The presentation highlights Bajaj Finserv's technology investments, with a dedicated 250+ member team across subsidiaries overseeing 300+ total projects, of which 100+ have been deployed. Realised impact for FY2026 includes loan disbursements of $680+ MM and insurance revenue of $6+ MM through AI-enabled initiatives. On the ESG front, the BFS Group consistently produces more renewable energy than it consumes and endeavours to be carbon neutral on Scope 1 and 2 emissions by FY2032. Gender diversity stood at 13.7% for FY2026, with women agents comprising approximately 30.6% of total agents. Bajaj Life's retail claim settlement ratio stood at 99.3%, while Bajaj General's claim settlement ratio was 95.4%.
Regulatory Compliance
The intimation has been filed with both BSE Limited and the National Stock Exchange of India Ltd in accordance with applicable SEBI listing regulations. Investors and other stakeholders may direct queries to the company's investor relations email at investors@bajajfinserv.in . Bajaj Finserv's corporate office is located at Viman Nagar, Pune, Maharashtra, India.
Historical Stock Returns for Bajaj Finserv
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.41% | +0.65% | +0.64% | -15.20% | -12.13% | +50.02% |
How might Bajaj Finserv's full ownership of the insurance businesses following the Allianz stake acquisition impact its capital allocation strategy and dividend policy in FY2027?
Given Bajaj Finance's rapid AUM growth of 22.4% and expanding customer base, what regulatory scrutiny or capital adequacy pressures could the NBFC face from the RBI in the near term?
Could Bajaj AMC's strong AUM growth of 31.7% and high non-group share of 93.3% position it for a potential standalone IPO or strategic partnership in the coming years?
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