Bajaj Finserv has wrapped up FY26 with steady growth across its lending and insurance businesses, along with a milestone move in its ownership structure. The company’s board has also announced a dividend, giving shareholders a small but meaningful reward at a time when the group completes 100 years.
The board of Bajaj Finserv has recommended a dividend of Rs 1.50 per share, which includes a special payout to mark the Bajaj Group’s centenary year. The total payout stands at Rs 240 crore, higher than Rs 160 crore in the previous year.
One of the biggest highlights for the year is the group’s move to take full ownership of its insurance arms. Bajaj Finserv, along with its promoter entities, completed the acquisition of Allianz’s stake, making both its general and life insurance businesses fully owned.
This marks the end of a long-standing joint venture and signals a shift towards complete control over strategy and operations.
The company reported its highest-ever consolidated total income of Rs 150,530 crore for FY26, with profit after tax at Rs 9,801 crore.
Its lending arm, Bajaj Finance, continued to perform well. Loan bookings crossed 50 million during the year, while assets under management rose to over Rs 5 lakh crore. Profit also saw healthy growth, despite higher provisions.
The insurance businesses showed mixed trends. Bajaj General Insurance maintained its position among the top private insurers, though higher claims impacted margins. Bajaj Life Insurance, on the other hand, improved profitability, driven by better product mix and cost control.
Bajaj Finserv is also investing in newer areas such as health, digital platforms and asset management. These businesses are still in the investment phase, leading to higher losses for the year, but the company sees them as long-term growth drivers.
It has also set up a new arm for alternate investments, focusing on early-stage equity and real estate opportunities.
Overall, Bajaj Finserv’s performance reflects a mix of strong core growth and ongoing investments for the future. While the numbers remain robust, the company is clearly balancing expansion with long-term strategy as it steps into a new phase with full ownership of its insurance ventures.
