Bajaj Finance , India's largest private sector non-bank lender, has reported a significant increase in loan disbursements during the recent festive season, marking a strong performance in consumer finance and advancing financial inclusion.

Key Highlights

Driving Factors

Sanjiv Bajaj, Chairman of Bajaj Finance, attributed this growth to recent government initiatives:

• Next-generation GST reforms
• Changes in personal income tax

These measures have reportedly increased consumer purchasing power, particularly benefiting middle and lower-income families.

Premiumization Trend

Despite a 6% decrease in average loan ticket sizes, Bajaj Finance observed a trend towards premium products:

• TV Financing: 71% of loans were for 40-inch and above screens, up from 67% last year
• Consumer Behavior: Customers are upgrading to higher-quality products across categories

Financial Inclusion

The company's performance during this period highlights its role in advancing financial inclusion:

• 52% of new customers were first-time borrowers from the formal financial system
• Bajaj Finance serves 110 million customers through digital platforms and on-ground presence
• 239,000 active distribution points across 4,200 locations pan-India

Company Overview

Bajaj Finance offers a diverse portfolio of financial products:

• Consumer loans
• SME finance
• Commercial lending
• Rural lending
• Fixed deposits
• Payment solutions

The company emphasizes innovation through technology, data, and analytics to provide seamless and personalized customer experiences.

This festive season performance underscores the positive impact of recent economic reforms on consumer spending and financial inclusion in India. As the country continues its path of consumption-led growth, companies like Bajaj Finance play a crucial role in facilitating access to credit and supporting the aspirations of Indian consumers.

Bajaj Finance Limited (BFL) has announced a significant change in its senior management as part of the company's succession framework. Anupam Sirbhaiya, who held the position of President & Chief Human Resources and Administration Officer at BFL, has transitioned to a new role within the Bajaj Group.

Key Details of the Transition

Implications for Bajaj Finance

As a result of this transition, Anupam Sirbhaiya ceased to be a Senior Management Personnel of Bajaj Finance Limited effective November 1, 2025. This move is part of the company's broader succession strategy, indicating a planned approach to leadership transitions within the Bajaj Group.

Regulatory Compliance

Bajaj Finance Limited has made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed the stock exchanges about this change in senior management.

Broader Context

This strategic movement of a senior executive between Bajaj Finance and Bajaj Finserv highlights the interconnected nature of operations within the Bajaj Group. Such intra-group transfers can facilitate knowledge sharing and ensure continuity in leadership across the group's various entities.

The transition of a key human resources executive to a group-level position may also signal potential changes or alignments in HR strategies across the Bajaj Group companies. However, the specific implications of this move on the broader organizational structure or strategies of Bajaj Finance and Bajaj Finserv remain to be seen.

As companies continue to evolve their leadership structures to meet changing business needs, such strategic movements of senior executives are not uncommon, especially within large corporate groups.