Bajaj Finserv Limited · NSE:BAJAJFINSV
Bajaj Finserv — Investor Presentation (May 2026)
84 slides from Bajaj Finserv's investor presentation, May 8, 2026
Slide 1: Regulation 30 intimation letter to stock exchanges
8 May 2026 To To Corporate Relations Department. Corporate Listing Department. BSE Limited National Stock Exchange of India Ltd 1st Floor, New Trading Ring, Exchange Plaza, 5th Floor Rotunda Building, P J Tower, Plot No.C-1, G Block, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai 400 001 Bandra (E
Slide 2: International Investor Presentation – FY2026
BAJAJ FINSERV LIMITED International Investor Presentation – FY2026 INR to USD conversion rate of 91 used across the deck Note: The insurance subsidiaries follow Ind-AS only for the purpose of consolidation with BFS and hence where standalone details given they are on statutory GAAP basis
Slide 3: Index
01. BAJAJ FINSERV LIMITED – GROUP STRUCTURE AND STRATEGY 02. BAJAJ GENERAL INSURANCE LIMITED 03. BAJAJ LIFE INSURANCE LIMITED 04. EMERGING BUSINESSES a. BAJAJ FINSERV HEALTH LIMITED INDEX b. BAJAJ FINSERV DIRECT LIMITED (Marketplace and Tech) c. BAJAJ FINSERV ASSET MANAGEMENT LIMITED 05. BAJAJ FINAN
Slide 4: Bajaj Finserv overview: A diversified financial services group
Bajaj Finserv overview: A diversified financial services group Bajaj Finserv Limited (Listed) 51.32%1 77.33%2 77.33%2 100% Bajaj Life Insurance Limited Bajaj Finance Limited (Listed) Bajaj General Insurance Limited Bajaj Finserv Health Limited (Life insurance, Retirement and (Consumer and Finance Bu
Slide 5: Our Vision – Lifecycle Partner to every Indian to achieve financial goals
Our Vision – Lifecycle Partner to every Indian to achieve financial goals Financial Life Family, Health & Investment/ cycle needs of Individual, Asset acquisition Asset protection Income Wealth Retirement SME and Protection management corporate customers Loan (Personal, General Insurance, General, H
Slide 6: Finserv - Lifecycle Partner to every Indian to achieve financial goals
Bajaj Finserv - Lifecycle Partner to every Indian to achieve financial goals & CON IPS SH ERVICES L E NS U M E R S DI ER Diversified financing businesses helping TN DED An ecosystem that supports profitable R P AE A D Digital NG individuals meet their lifestyle needs, Utilities growth through partne
Slide 7: Sustainable businesses with deepened financial access
Sustainable businesses with deepened financial access Achieving scale… …while promoting financial access and diversity Metrics FY16 CAGR FY26 Metrics FY24 FY25 FY26 Customer Franchise 30MM+ +20% 180MM+ New to BFL Credit 6.3MM 6.7MM 8.7MM Lives covered under Locations 1,200+ +13% 4,050+ 8MM 22MM 49MM
Slide 8: Leveraging technology to expand financial access
Leveraging technology to expand financial access Emerging businesses Asset Management Marketplace Health Tech Assets Under Management ($m) Unique partner count Healthcare transactions1 40 103 1400 1,306 2,947 96 1,165 35 1200 30 2,238 75 1000 24 25 800 20 2,705 1,050 600 10 15 2,149 400 10 192 1,036
Slide 9: Significant presence across financial services in India
Significant presence across financial services in India… Metrics ($MM) FY16 CAGR FY26 1st Largest and amongst most profitable NBFC in India Consolidated Revenue 2,256 +22% 16,541 Consolidated PAT 205 +18% 1,077 2nd Largest and amongst most profitable HFC in India Consolidated AUM 10,719 +22% 77,560
Slide 10: Diverse business models enduring strength across market conditions
Diverse business models enduring strength across market conditions – mitigating risk while delivering profitable growth All Figures in $ MM During COVID, impact in PAT – Insurance1, 2 Lending was offset by better 190 172 176 Insurance results 155 135 141 118 104 +32% 2019 2020 2021 2022 2023 2024 20
Slide 11: What is achieved so far
What is achieved so far BAJAJ FINANCE (NBFC) BAJAJ GENERAL (P&C and Health) BAJAJ LIFE (Life insurance) • One of the largest wealth generator, value of • 3rd largest multi-line insurer • Fastest growing Life Insurance company in $1 invested in 2000 = $ 2,834 in 2026 • Profitable since first full yea
Slide 12: Strong solvency and capital adequacy
Strong solvency and capital adequacy All Figures in USD MM Bajaj Bajaj Solvency BFL BHFL Total Life General Minimum capital adequacy/solvency margin 15% 150% 150% 15% Actual capital adequacy/solvency margin as on 31st Mar'2021 28% 666% 345% 21% Estimated excess capital available 1,912 928 421 196 3,
Slide 13: Transforming businesses through next gen technology
Transforming businesses through next gen technology Enterprise AI Enterprise AI • Voice and Text AI: enables human-like voice and text conversations • Vision AI: data extraction from images and documents • Content AI: on-demand content creation • Tech AI: accelerated software development and testing
Slide 14: Our aspiration basis Long Range Strategy for 2025-30
Our aspiration basis Long Range Strategy for 2025-30* Bajaj Finserv (Consolidated) Total Income Profit After Tax Customer Franchise (USD Thousand MM) (USD Thousand MM) (in MM) 34-37 2.3-2.6 ~220 100 14.3 1.0 ~20% ~2.5x ~2x CAGR 2025 2030 2025 2030 2025 2030 *Presented in Dec 2025 Any statements that
Slide 15: Bajaj General Insurance Ltd.
BAJAJ GENERAL INSURANCE LTD. 14
Slide 16: Bajaj General – Key Strategic Differentiators
Bajaj General – Key Strategic Differentiators STRATEGY Strive for market share growth in chosen business segments through a well-diversified product portfolio and multi- channel distribution supported by strong underwriting and prudent investments, seeking sustained profitability DIFFERENTIATORS ▪ L
Slide 17: Bajaj General Key Financial Metrics vs. Industry – Outperformance
Bajaj General Key Financial Metrics vs. Industry – Outperformance All Figures in USD MM GWP Combined Ratio Cumulative PAT (5 Yr CAGR) (5 Yr. Avg.) (5 Yr Avg.) 11.0% 99.9% 813 MM Industry 9.6% Industry 116.8% Industry (1,164 MM) 3rd largest general insurer grown Consistently maintaining prudent Super
Slide 18: Bajaj General – Diversified product mix
Bajaj General – Diversified product mix to maintain competitive edge and performance over cycles GDPI Growth COR (4 YR CAGR) (5 YR Average) Business Mix Line of Business Bajaj Top 5 Bajaj Top 5 Property, Liability and Engineering Motor Health-Retail Health-Group General Peers General Peers Health-Go
Slide 19: Bajaj General – Deep and wide distribution
Bajaj General – Deep and wide distribution with penetration across all geographies and lower concentration risk on any channel Channel Mix • No individual partner Individual agents Corporate Agents-Banks Corporate Agents -Others Brokers Direct Others contributes more than 5% to 3% 2% the overall GDP
Slide 20: Bajaj General – Lowest invested capital, Superior ROE & Investment Performance
Bajaj General – Lowest invested capital, Superior ROE & Investment Performance All Figures in USD MM BAGIC - Capital Invested – Networth* ROE before impact of New Labour AUM Mix No Capital infusion Accumulated profit 98% of Net Codes (Annualized) since FY2008 Worth as at 31 Mar 2026 FY26 16.2% 1% 1,
Slide 21: Bajaj General – Setting Industry Benchmark in Financial Excellence
Bajaj General – Setting Industry Benchmark in Financial Excellence GWP to Capital invested Expense to NWP 74.5 78.0 31% 31% 34% 30% 30% 49.8 55.9 45.6 28% 27% 28% 26% 28% 6.5 6.3 7.5 7.5 7.5 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Average of Top 5 peers Bajaj General Bajaj General Top 5 pe
Slide 22: Bajaj General – Customer obsession backed by “Caringly yours” theme
Bajaj General – Customer obsession backed by “Caringly yours” theme Bajaj General Net Promoter Score* Total Grievances# per 10,000 New Policies 2.65 2.64 2.56 78 75 2.36 2.33 70 72 70 72 68 69 63 65 1.23 1.05 0.92 0.73 0.77 FY21 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 9M FY26 Health Motor Bajaj Gene
Slide 23: Bajaj General aspiration – Long Range Strategy
Bajaj General aspiration – Long Range Strategy* 25%+ ROE# target Maintain Maintain Maintain a Maintain Industry GWP balanced & one of the leading growth diversified industry’s standard higher distribution lowest in low than & product Combined grievance Industry portfolio Ratios ratio General Insuran
Slide 24: Bajaj Life Insurance Ltd.
4 LIFE 4 LIFE BAJAJ LIFE INSURANCE LTD. BAJAJ LIFE GOALS. DONE. 23
Slide 25: Bajaj Life – Key Strategic Differentiators
Bajaj Life – Key Strategic Differentiators STRATEGY Continued focus on sustainable and profitable growth by maintaining balanced product mix Business construct is to maximize customer benefits while gaining market share in retail space, maintaining shareholder returns and continued focus on increasi
Slide 26: Bajaj Life – Key Financial Metrics v/s Industry: Fastest growth
Bajaj Life – Key Financial Metrics v/s Industry: Fastest growth All Figures in USD MM GWP RWRP Solvency Margin (5 Yr CAGR*) (5 Yr CAGR*) (FY 25) 23% 30% 359% Industry 9% Industry 10% Industry 180%-200% Growth 2.6X the industry Growth 3X the industry Highest solvency ratio among the peers, with consi
Slide 27: Bajaj Life – Stable product mix with innovative product suite
Bajaj Life – Stable product mix with innovative product suite to maintain competitive edge and profitability Product Mix • Strengthening PAR portfolio • ULIP growth aligned with 41% 42% 32% 38% 45% 53% Bullish market trend 70% 62% 8% 37% 34% 51% 47% 31% • Bajaj Life has evolved its 5% 34% 25% 29% 25
Slide 28: Bajaj Life – Continuous focus on increasing protection
Bajaj Life – Continuous focus on increasing protection to drive growth and profitability All Figures in USD MM Retail Protection • Data & analytics-backed risk management 4 Yr CAGR – 53% 69 muscle • Customer segment specific product suite (Salaried, Self-employed, Women, NRI) 43 • Underwriting disci
Slide 29: Bajaj Life – Embedded Value & ROEV
Bajaj Life – Embedded Value & ROEV All Figures in USD MM Embedded Value Operating & Assumption change variance (as % of VIF) RoEV 11.9% 14.4% 14.5% 12.7% 14.1% EV 1,895 2,042 2,387 2,616 2,780 618 2.1% 824 979 1,126 1.3% 1.5% 1,850 -0.4% 1,278 1,218 1,409 -1.5% 1,490 930 FY 22 FY 23 FY 24 FY 25 FY26
Slide 30: Bajaj Life – Diversified channel mix
Bajaj Life – Diversified channel mix in line with industry reducing risk of concentration Channel Mix 23% 15% 21% 18% 17% 29% 24% 29% 33% 45% 42% 36% 61% 53% 50% 31% 37% 35% Bajaj Life Top 5 peers Bajaj Life Top 5 peers Bajaj Life Top 5 peers FY 21 FY 23 FY 25 Banca Agency Others • Reducing dependen
Slide 31: Bajaj Life – Focus on enhanced business quality
Bajaj Life – Focus on enhanced business quality backed by enhanced customer segments Persistency - 13th Month Persistency - 61st Month 82% 82% 77% 52% 48% 33% FY 18 FY 22 FY 26 FY 18 FY 22 FY 26 Enhanced persistency has driven stronger renewals, supporting stable earnings & consistent shareholder re
Slide 32: Bajaj Life – Capital and Assets under Management
Bajaj Life – Capital and Assets under Management All Figures in USD MM Net worth AUM AUM Mix - Non Unit Linked 6% Networth impacted 11% 25% due to buyback of 3% No Capital infusion Allianz’s stake since FY08 14,677 amounting to $ 132 MM 13,597 Corporate Bonds 1,202 1,224 12,069 G-sec 1,185 1,198 Equ
Slide 33: Bajaj Life – Having achieved scale, shifting gears to Profitable growth
Bajaj Life – Having achieved scale, shifting gears to Profitable growth GWP to Capital invested - BALIC ROEV 21.7 22.4 19.1 17.0 16.7 20.4% 20.6 17.8% 18.4% 19.0 17.2% 9.9 16.1 19.1% 15.1% 13.3 18.1% 8.8 8.6 15.6% 6.5 8.0 7.4 14.6% 13.7% FY21 FY22 FY23 FY24 FY 25 FY21 FY22 FY23 FY24 FY 25 Average of
Slide 34: Bajaj Life aspirations – Long Range Strategy (Bajaj Life 2.0)
Bajaj Life aspirations – Long Range Strategy (Bajaj Life 2.0)* 4 Year aspiration KPIs – Bajaj Life 2.0 FY 2024 FY 2026 (FY 2028) Continue to gain Market Market share 8.6% 7.9% share with Topline growth of (RWRP) (among private players) (among private players) ~2X the industry Protection Business 4%
Slide 35: Bajaj Finserv Health Ltd.
HEALTH BAJAJ BAJAJ FINSERV HEALTH LTD. 34
Slide 36: Market Opportunity in Healthcare Ecosystem & Commercial Flows
Market Opportunity in Healthcare Ecosystem & Commercial Flows • Indian Healthcare Expenditure at $ 81,319 MM, 3.73% of GDP and $ 60 per capita • One of the largest spend categories but highly fragmented • Over $212 bn total addressable market present Internationally for products and outsourced servi
Slide 37: Bajaj Finserv Health – Key Strategic Differentiators
Bajaj Finserv Health – Key Strategic Differentiators STRATEGY Digital first Health Tech company providing differentiated products & services on a digital platform to all Payers like Insurers, Corporates, Government and more, through bilateral network arrangement with all Providers. Cover Wellness, O
Slide 38: Bajaj Finserv Health – Digital first Health Tech Company
Bajaj Finserv Health – Digital first Health Tech Company providing differentiated products & services on a digital platform Bajaj Finserv Health only player to offer integrated OPD, IPD and Wellness experience from same platform. With new capabilities and services to solve for challenges in the heal
Slide 39: Bajaj Finserv Health – Business segments aligning towards Integrated Healthcare Platform
Bajaj Finserv Health – Business segments aligning towards Integrated Healthcare Platform Align the operations into 6 vertical business segments, having differentiated products and distinct go to market strategy to deliver value to stakeholders Employer-Employee Services to Govt Retail Products to Va
Slide 40: Bajaj Finserv Health – Financial and Operational Outcomes
Bajaj Finserv Health – Financial and Operational Outcomes All Figures in USD MM Particulars FY25 FY26 Growth Total Income 98 123 25.5% Profit After Tax (18) (18) - Capital infused (as on 31 Mar 2026) 147 Net Worth (as on 31 Mar 2026) 51 Operational Metrics Healthcare Transactions (In Thousands) Heal
Slide 41: Bajaj Finserv Direct Ltd.
Bajaj Finserv Direct Ltd. Bajaj Markets & Bajaj Technology Services 40
Slide 42: BFSD Market Opportunity – Marketplace and digital technology services
BFSD Market Opportunity - Why ‘Marketplace and digital technology services’ amongst BFSI manufacturers in the group? Product-out Earns from product sales and B2C Offers manufactured lending & payment products owns inventory Caters to shareholders most efficiently by: Operating with the best risk Ext
Slide 43: Bajaj Markets – BFSI Marketplace
Bajaj Markets – BFSI Marketplace STRATEGY To become a profitable, AI first platform that connects Indian consumers with the widest choice of BFSI products & manufacturers, delivering seamless omnichannel experiences to become the de-facto financial services marketplace in India. DIFFERENTIATORS • Op
Slide 44: Bajaj Markets – Diversified Marketplace
Bajaj Markets – Diversified Marketplace Open Architecture Supply- side Demand-side Marketplace Choice of manufacturers Digital Platform Traffic 100+ Brands (Banks, FIs, Website & App | API-in-a-box with 221+ MM yearly traffic Insurance Companies & AMCs) embedded rule engine 44+ MM App Installs Choic
Slide 45: Bajaj Markets – B2C BFSI providing Choice, Cost & Convenience
Bajaj Markets – B2C BFSI providing Choice, Cost & Convenience Category Partners Bank 9 Banks NBFC 20 Fintech 29 HFC 10 Insurance 19 VAS 6 NBFCs Broker 9 ONDC 1 Total 103 Vertical Partners Fintechs Lending 58 Cards 6 Insurance 19 Investment 4 VAS 6 Insurance Companies Securities 9 ONDC 1 Unique Partn
Slide 46: Bajaj Technology Services
Bajaj Technology Services STRATEGY Become an AI first, large scale, profitable global tech business backed by group’s collective strengths, delivering domain led enterprise solutions. ▪ 6 Practices to address business needs of BFSI industry basis strong domain & technology expertise : Experience, Co
Slide 47: Finserv Direct – Financial and Operational Outcomes
Bajaj Finserv Direct – Financial and Operational Outcomes All Figures in USD MM Particulars FY 2024 FY 2025 FY2026 Total Income 53 66 41 Profit After Tax (8) (5) (19) Capital infused (as on 31 Mar 2026) 89 Net Worth (as on 31 Mar 2026) 34 Operational Metrics Lending Volume 9% 11% 9% 832 25,940 (In T
Slide 48: Bajaj Finserv Asset Management Ltd.
Bajaj Finserv Asset Management Ltd. 47
Slide 49: Capitalize on the Bajaj Finserv brand in the MF industry
Capitalize on the Bajaj Finserv brand to penetrate a well-established MF industry through Differentiators Growth Outlook Market Opportunity Future Scalability Retail Investors AUM Growth AUM to GDP 140% (in MM) (USD ‘000 MM) 2026 2047 Growth 2.9x 60.0 3.2x 810 Total AUM (‘000 MM) 813 30,670 ~38x 79%
Slide 50: Bajaj Finserv AMC - Key Strategic Pillars
Bajaj Finserv AMC - Key Strategic Pillars ▪ Equity schemes to have clear and differentiated investment strategies to create long term wealth for the investors. Differentiated ▪ High Credit Quality investments in Fixed Income schemes to Products ensure safety and mitigate risk. ▪ Launch of Passive in
Slide 51: Bajaj Finserv AMC – Equity funds with differentiated strategies
Bajaj Finserv AMC – Equity (+Equity oriented) funds with differentiated strategies: Investment with Intent Category Investment Strategy Style Flexi Cap Megatrends Growth Investing Large and Mid Moat Investing Quality Investing Balanced Advantage Fundamental + Sentiment Indicator Active Allocation (B
Slide 52: Bajaj Finserv AMC – Key Financial highlights FY2026
Bajaj Finserv AMC – Key Financial highlights FY2026 All Figures in USD MM Bajaj AMC FY 2024 FY 2025 FY2026 Total Income 2 4 7 Profit After Tax (18) (24) (22) Capital infused (as at 31 March 2026) 85 Net Worth (as at 31 March 2026) 12 Categories of Mutual Funds launched by AMC QoQ Distributor Growth
Slide 53: Bajaj Finance Ltd.
4 FINANCE BAJAJ 4 FINANCE BAJAJ BAJAJ FINANCE LTD. 52
Slide 54: BFL – Key Strategic Differentiators
BFL – Key Strategic Differentiators STRATEGY Diversified financial services strategy seeking to optimize risk and profit, to deliver a sustainable business model and deliver a sustainable ROA of 4.3%-4.7% and ROE of 19%-21% in the long term Focused on continuous innovation to transform customer expe
Slide 55: BFL – Strong focus on cross selling to existing customers
BFL –Strong focus on cross selling to existing customers and increase in customer franchise Q4 FY2025 Q4 FY2026 Q3 FY2026 101.8 Total Franchise 119.3 115.4 83.7 Credit segment filter 101.5 98.2 80.8 Overall Cross sell franchise 97.2 94.1 Non delinquent 72.6 customers 86.7 83.8 Cross sell franchise 7
Slide 56: BFL aspiration – Long Range Strategy for next 5 years
BFL aspiration – Long Range Strategy for next 5 years (consol.) Basic construct FY2026 LRS FY30* Customer Franchise (MM) 119.3 200-220 Cross-sell Franchise (MM) 75.5 120-130 India Payments GMV 0.17% 0.4-0.5% Share of total credit 2.32% 3.2-3.5% Share of retail credit 2.81% 3.6-4.0% Location presence
Slide 57: Bajaj Housing Finance Ltd.
BAJAJ HOUSING FINANCE LTD. 56
Slide 58: BHFL – Key Strategic Differentiators
BHFL – Key Strategic Differentiators STRATEGY Focus on building scalable balance sheet with reasonable ROE DIFFERENTIATORS Creation of low-risk scalable balance sheet Low Risk Business Model Prime Housing and Lease Rental Discounting to act as Anchor Products Balanced portfolio mix between products,
Slide 59: Annexures
> FINSERV BAJAJ ANNEXURES 4 FINSERV BAJAJ 58
Slide 60: One Finserv Story
> FINSERV BAJAJ ONE FINSERV STORY a4 FINSERV BAJAJ 59
Slide 61: Bajaj Finserv - An ecosystem of financial services
Bajaj Finserv - An ecosystem of financial services “Actively engage in strategy, planning and performance monitoring of our businesses with the objective of delivering sustainable profitable growth, achieving meaningful market share with effective use of capital thereby seeking to deliver superior s
Slide 62: Culture we drive – Purpose enabled through Leadership DNA
Culture we drive – Purpose enabled through Leadership DNA Purpose “A place where innovation, agility and ownership thrives, creating responsible leaders who build long term businesses with sustainable growth/profit, to delight our customers” Founder’s Ethos: Customer Develop & Growth Being Obsession
Slide 63: Bajaj Finserv - Core strategic principles
Bajaj Finserv - Core strategic principles Broadening offerings to customers Deep complementary partnerships Prospect Prospect and exploit & exploit new new initiatives business lines • Expanding product suite: over 750 products • Strategic tie-ups: Airtel, SFDC • Crop and Government health insurance
Slide 64: Strong solvency and capital adequacy
Strong solvency and capital adequacy All Figures in USD MM Bajaj Bajaj Solvency BFL BHFL Total Life General Minimum capital adequacy/solvency margin 15% 150% 150% 15% Actual capital adequacy/solvency margin as on 31st Mar'2021 28% 666% 345% 21% Estimated excess capital available 1,912 928 421 196 3,
Slide 65: Significant growth trajectory across diverse and sustainable businesses (1/2)
…… significant growth trajectory across diverse and sustainable businesses(1/2) All Figures in USD MM Growth for Particulars FY2016 FY2021 FY2025 FY2026 5 YR CAGR 10 YR CAGR the year Bajaj Finserv Limited (Consolidated) Net total Income 2,256 6,658 14,609 16,541 13% 20% 22% Profit after tax 205 491
Slide 66: Significant growth trajectory across diverse and sustainable businesses (2/2)
…… significant growth trajectory across diverse and sustainable businesses(2/2) All Figures in USD MM Growth for Particulars FY2016 FY2021 FY2025 FY2026 5 YR CAGR 10 YR CAGR the year Bajaj Finance Limited (Consolidated)1 Net total Income 484 1,898 4,940 5,948 20% 26% 29% Profit after tax 140 486 1,8
Slide 67: Performance Summary For FY2026
Performance Summary For FY2026 66
Slide 68: Bajaj Finserv – Performance summary Q4 FY2026 and FY2026
Bajaj Finserv – Performance summary Q4 FY2026 and FY2026 All Figures in USD MM For the Quarter For the Period Particulars Q4 FY2026 Q4 FY2025 Growth FY2026 FY2025 Growth Total Revenue 4,232 4,004 5.7% 16,542 14,609 13.2% (Consolidated) Adjusted Total Revenue 4,564 4,006 13.9% 16,985 14,774 15.0% (Co
Slide 69: Bajaj General – Performance summary Q4 FY2026 [1/6]
Bajaj General – Performance summary Q4 FY2026 [1/6] All Figures in USD MM GROSS WRITTEN PREMIUM • Muted Q4 GWP growth attributable to tactical reduction in crop and motor exposure amid elevated pricing pressures. Lower growth than $ 475 MM | Q4 FY26 ↑ 8.3% $ 452 MM | Q4 FY26 market which was saddled
Slide 70: Bajaj Life – Performance summary Q4 FY2026 [2/6]
Bajaj Life – Performance summary Q4 FY2026 [2/6] All Figures in USD MM REVENUE • Financial outcomes in line with our strategy initiated mid last year – with focus on $ 1,231 MM | Q4 FY26 $ 281 MM | Q4 FY26 ‘sustainable and profitable growth’ ↑ 21.2% ↑ 9.7% GWP $ 1,015 MM | Q4 FY25 RWRP $ 256 MM | Q4
Slide 71: Bajaj Finance – Performance summary Q4 FY2026 [3/6]
Bajaj Finance – Performance summary Q4 FY2026 [3/6] All Figures in USD MM • A strong quarter across all key metrics namely REVENUE volume, AUM, new customer addition, credit cost, profit, ROA and ROE • 12.9 MM new loans booked as against 10.7 MM in ↑ 20.9% $ 1,561 MM | Q4 FY26 ↑ 22.4% $ 56,041 MM |
Slide 72: Bajaj Housing Finance – Performance summary Q4 FY2026 [4/6]
Bajaj Housing Finance* – Performance summary Q4 FY2026 [4/6] All Figures in USD MM REVENUE • Good quarter on disbursement, AUM, asset quality, operating efficiency and profit ↑ 19.7% $ 125 MM | Q4 FY26 ↑ 22.7% $ 15,462 MM | Q4 FY26 NET TOTAL ASSETS UNDER $ 105 MM | Q4 FY25 MANAGEMENT $ 12,603 MM | Q
Slide 73: Bajaj Finserv Direct and Health – Performance summary Q4 FY2026 [5/6]
Bajaj Finserv Direct – Performance summary Q4 FY2026 [5/6] All Figures in USD MM REVENUE PROFITABILITY NETWORTH $ 10 MM | Q4 FY26 $ (4) MM | Q4 FY26 $ 34 MM | Q4 FY26 OPERATING PROFIT AFTER $ 14 MM | Q4 FY25 $ (2) MM | Q4 FY25 NETWORTH $ 53 MM | Q4 FY25 REVENUE TAX • Revenue has degrown for the quar
Slide 74: Bajaj AMC and Financial Securities – Performance summary Q4 FY2026 [6/6]
Bajaj AMC – Performance summary Q4 FY2026 [6/6] All Figures in USD MM REVENUE ASSET UNDER PROFITABILITY MANAGEMENT ↑ 58.3% $ 2 MM | Q4 FY26 $ (4) MM | Q4 FY26 $ 2,947 MM | Q4 FY26 OPERATING $ 1 MM | Q4 FY25 PROFIT AFTER ↑ 31.7% REVENUE TAX $ (7) MM | Q4 FY25 $ 2,238 MM | Q4 FY25 • Ranking for Compan
Slide 75: Environmental, Social and Governance – ESG
Environmental, Social and Governance – ESG (Towards a sustainable Future) 74
Slide 76: ESG – Our focus area
ESG – Our focus area The ambit of ESG is wide and evolving. It is our firm belief that to achieve our ESG objectives and have a greater impact, we need to be focused on identified areas rather than spreading wide. Accordingly, in our Responsible and Sustainable Business Conduct policy, we have ident
Slide 77: ESG - Key initiatives
ESG - Key initiatives ESG is not just the right thing to do, it is what will shape a better tomorrow for all New to BFL credit customers -30 MM Responsible Investment BFL MFI branches – 440+ covering 7 Lakh+ Insurance portfolios exceeded the Financial women customers Governance 80% target for respon
Slide 78: CSR Update
CSR Update OUR COMMITMENT Through Bajaj Beyond, Bajaj Group companies have committed $ 550 MM over five years towards social impact programs, with the goal of impacting 20 MM individuals Child Pune City Youth Skilling Development INCLUSION FOR PERSONS EDUCATION HEALTH PROTECTION WITH DISABILITIES IN
Slide 79: India and BFSI opportunity
India and BFSI opportunity Fastest growing; opportunity for every household 78
Slide 80: Disposable Income
India: Macro India remains the fastest growing economy surpassing China in 2021 9.69 9.19 8.00 8.26 7.61 7.41 GDP growth in Percent 6.80 6.45 6.50 6.65 6.16 3.87 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026E -5.78 India China Advanced Economies Emerging Market and Developing Econ
Slide 81: Income Pyramids: Unlocking Demographic Potential
Income Pyramids: Unlocking Demographic Potential FY23: 315 MM FY27: 331 MM >145 Ultra HNI Experience centric 145 to 100 Super HNI offerings to increase relevance to this 100 to 72 HNI 15.5 24.5 segment 72 to 44 MM MM Upper super affluent (+58%) Life Goal Planning, In ₹ Lakh per annum 44 to 30 Lower
Slide 82: Indian Insurance Market – Growth Opportunity
Indian Insurance Market – Growth Opportunity India remains vastly under-insured, both in term of penetration and density Insurance Penetration as a % of GDP Insurance Density (US$) 7.5% 5,923 6.5% 6.4% 5.3% 4.2% 3.8% 3.2% 2,539 2.4% 2.7% 2.7% 2.3% 2,084 1,894 1.7% 2.0% 1.9% 1,545 1.5% 1.0% 1,075 1,5
Slide 83: Thank You
> FINSERV BAJAJ Thank You 82
Slide 84: Disclaimer
Disclaimer This presentation has been prepared by Bajaj Finserv Limited (the “Company”) solely for your information and for your use. This presentation is for information purposes only and should not be deemed to constitute or form part of any offer or invitation or inducement to sell or issue any s