Bajaj Finserv Limited · NSE:BAJAJFINSV
Bajaj Finserv — Q1 FY2027 Earnings Presentation
110 slides from Bajaj Finserv's earnings presentation, Jul 31, 2026
Slide 1: Exchange filing cover letter
31 July 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, Bandra (East), Mumbai
Slide 2: Bajaj Finserv Limited Investor Presentation – Q1 FY2027
BAJAJ FINSERV LIMITED Investor Presentation – Q1 FY2027* *Q1 of year ending 31 March 2027 Notes: 1. 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 2. Previous year numbers have been re
Slide 3: Index
01. PERFORMANCE SUMMARY FOR THE QUARTER 02. BAJAJ FINSERV LIMITED – GROUP STRUCTURE AND STRATEGY 03. BAJAJ GENERAL INSURANCE LIMITED 04. BAJAJ LIFE INSURANCE LIMITED 05. EMERGING BUSINESSES INDEX a. b. BAJAJ FINSERV HEALTH LIMITED BAJAJ FINSERV DIRECT LIMITED (Marketplace and Tech) c. BAJAJ ASSET MA
Slide 4: Performance Summary
PERFORMANCE SUMMARY Update for the quarter 3
Slide 5: Bajaj Finserv – Performance summary Q1 FY2027
Bajaj Finserv – Performance summary Q1 FY2027 All Figures in ₹ Crore For the Quarter For the Period Particulars Q1 FY2027 Q1 FY2026 Growth FY2026 Total Revenue 42,037 35,300 19.1% 150,530 (Consolidated) Profit after Tax1 6,297 5,329 18.2% 19,669 (Consolidated) Profit after Tax2 3,132 2,789 12.3% 9,8
Slide 6: Bajaj General – Performance summary Q1 FY2027
Bajaj General – Performance summary Q1 FY2027 [1/6] GROSS WRITTEN PREMIUM • Q1 GDPI growth at 11.6% is in line with Industry growth of 11.1% and excluding Crop & Govt. health at 10.5% vs Industry at 12.1% ↑ 11.3% ₹ 5,789 Cr | Q1 FY27 ↑ 10.3% ₹ 5,632 Cr | Q1 FY27 attributable to tactical reduction in
Slide 7: Bajaj Life – Performance summary Q1 FY2027
Bajaj Life – Performance summary Q1 FY2027 [2/6] REVENUE • Financial outcomes as per our strategy – of focusing on ‘sustainable and profitable growth’ ₹ 7,399 Cr | Q1 FY27 ₹ 1,474 Cr | Q1 FY27 ↑ 35.1% ↑ 17.5% GWP ₹ 5,479 Cr | Q1 FY26 RWRP ₹ 1,255 Cr | Q1 FY26 • RWRP growth is in line with industry •
Slide 8: Bajaj Finance – Performance summary Q1 FY2027
Bajaj Finance – Performance summary Q1 FY2027 [3/6] REVENUE • A strong quarter across all key metrics namely volume, AUM, new customer addition, credit ↑ 22.2% ₹ 15,224 Cr | Q1 FY27 ↑ 23.9% ₹ 546,944 Cr | Q1 FY27 cost, profit, ROA and ROE NET TOTAL ASSETS UNDER ₹ 12,460 Cr | Q1 FY26 MANAGEMENT ₹ 441
Slide 9: Bajaj Housing Finance – Performance summary Q1 FY2027
Bajaj Housing Finance* – Performance summary Q1 FY2027 [4/6] REVENUE ↑ 16.5% ₹ 1,175 Cr | Q1 FY27 ↑ 24.3% ₹ 149,624 Cr | Q1 FY27 NET TOTAL ASSETS UNDER • Overall strong quarter across metrics with ₹ 1,009 Cr | Q1 FY26 MANAGEMENT ₹ 120,420 Cr | Q1 FY26 highest ever quarterly AUM growth and INCOME qua
Slide 10: Bajaj Finserv Direct and Health – Performance summary
Bajaj Finserv Direct – Performance summary Q1 FY2027 [5/6] REVENUE PROFITABILITY NETWORTH ↑ 32.1% ₹ 107 Cr | Q1 FY27 ₹ (37) Cr | Q1 FY27 ↓ 36.8% ₹ 271 Cr | Q1 FY27 OPERATING PROFIT AFTER ₹ 81 Cr | Q1 FY26 ₹ (50) Cr | Q1 FY26 NETWORTH ₹ 429 Cr | Q1 FY26 REVENUE TAX • Revenue back on growth trajectory
Slide 11: Bajaj AMC and Financial Securities – Performance summary
Bajaj AMC – Performance summary Q1 FY2027 [6/6] REVENUE ASSETS UNDER PROFITABILITY MANAGEMENT ↑ 70.4% ₹ 25 Cr | Q1 FY27 ₹ (41) Cr | Q1 FY27 ₹ 31,444 Cr | Q1 FY27 OPERATING ₹ 15 Cr | Q1 FY26 PROFIT AFTER ↑ 25.7% REVENUE TAX ₹ (52) Cr | Q1 FY26 ₹ 25,011 Cr | Q1 FY26 • Ranked 26th amongst all Mutual Fu
Slide 12: Bajaj Finserv Ltd.
> FINSERV BAJAJ BAJAJ FINSERV LTD. a4 FINSERV BAJAJ 11
Slide 13: Bajaj Finserv overview: A diversified financial services group
Bajaj Finserv overview: A diversified financial services group Bajaj Finserv Limited (Listed) 51.30%1 77.33%2 77.33%2 100% Bajaj Life Insurance Limited Bajaj General Insurance Bajaj Finance Limited (Listed) Bajaj Finserv Health Limited (Life insurance, Retirement and Limited (Consumer and Finance Bu
Slide 14: Our Vision – Lifecycle Partner to every Indian
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 15: Dominance across financial services space in India
Dominance across financial services space in India One of the largest financial …with leadership positions4 across …powered by a deep and wide conglomerates in India… sectors… customer and distribution network4 ₹ 1,160,000+ Cr 1st 18 Cr+ Group Market Capitalisation1 Largest and amongst most profitab
Slide 16: 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 ₹ Crore During COVID, impact in Lending was offset by better PAT – Insurance1,2 Insurance results 1,732 1,564 1,604 1,414 1,231 1,286 1,072 948 +32% 2019 2020 2021 2
Slide 17: 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 18: Bajaj Finserv Ltd.
> FINSERV BAJAJ BAJAJ FINSERV LTD. a4 FINSERV BAJAJ 17
Slide 19: Consolidated Revenue components – Q1 FY2027
Consolidated Revenue components – Q1 FY2027 All Figures in ₹ Crore Consolidated Revenue components for Q1 FY2027 (Ind AS) Revenue Mix ( Q1 FY2027) Intercompany adjustments -5% Bajaj Finserv- 1% 4% Standalone (2,268) 42,036 Others1 1,542 Life Bajaj Finserv 239% Insurance 388 Consolidated General 11%
Slide 20: Consolidated Profit components – Q1 FY2027
Consolidated Profit components – Q1 FY2027 All Figures in ₹ Crore Consolidated profit components for Q1 FY2027 (Ind AS) 1 Intercompany Bajaj Finserv- adjustments 3,132 Standalone Bajaj Finserv Others2 (1,464) Consolidated Life 1,118 Insurance +12% General 239% (131) Excluding Insurance 133 MTM Bajaj
Slide 21: Bajaj General Insurance Ltd.
BAJAJ GENERAL INSURANCE LTD. 20
Slide 22: 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 23: Bajaj General – Key financial highlights Q1 FY2027
Bajaj General – Key financial highlights Q1 FY2027 All Figures in ₹ Crore For the Quarter For the Period Particulars Q1 FY2027 Q1 FY2026 Growth FY2026 Gross Written Premium 5,789 5,202 11.3% 23,326 GWP excluding Crop 5,632 5,107 10.3% 18,131 & Govt. health Combined Ratio (CoR)1 104.7% 103.6% (1.1% a
Slide 24: Bajaj General – Growth v/s Industry
Bajaj General – Growth v/s Industry; sustained market share in most competitive market All Figures in ₹ Crore GDPI GDPI excl. Crop and Govt. Health FY2026 Growth Q1 FY2027 Growth FY2026 Growth Q1 FY2027 Growth Bajaj General 8% 12% Bajaj General 12% 11% Private 8% 11% Private 13% 13% PSU 8% 4% PSU 11
Slide 25: Bajaj General – Profit (PBT) waterfall
Bajaj General – Profit (PBT) waterfall Q1 FY2027 over Q1 FY2026 All Figures in ₹ Crore 887 16 70 638 (250) (85) UW Loss UW Loss ₹ 116 Crore ₹ 130 Crore Interest, Other Interest, Other Income and Income and Capital Gains Capital Gains ₹ ₹ 1,003 Crore 768 Crore PBT Lower Increase in Increase in Decrea
Slide 26: Bajaj General – Lowest invested capital, Superior ROE & Investment Performance
Bajaj General – Lowest invested capital, Superior ROE & Investment Performance All Figures in ₹ Crore Bajaj General - Capital Invested – ROE (Annualized) AUM Mix Networth* 0% No Capital infusion since FY2008 Accumulated profit 97% of Net Worth as at 30 Jun 2026 1% 1% Q1 FY27 16.4% 10,719 Q1 FY27 10,
Slide 27: Bajaj General – Diversified product mix
Bajaj General – Diversified product mix to maintain competitive edge and performance over cycles BUSINESS MIX 8% 8% 10% 0% 12% 2% 3% 15% 0% 15% 10% 7% 33% 25% 17% 17% 22% 18% 15% 15% 5% 5% 6% 5% 30% 31% 33% 32% FY25 FY26 Q1 FY26 Q1 FY27 Motor (Retail) Health (Retail) Group Health Prop, Liability, En
Slide 28: Bajaj General – Deep and wide distribution
Bajaj General – Deep and wide distribution with penetration across all geographies and lower concentration risk on any channel Amongst the largest and most balanced distribution network in the industry Channel Mix 8% 7% 6% 5% 15% 20% 29% 30% 55% 49% 39% 39% 2% 2% 2% 2% 10% 8% 8% 9% 13% 14% 15% 15% F
Slide 29: Bajaj General – Product portfolio: Motor
Bajaj General – Product portfolio: Motor All Figures in ₹ Crore Type (Business Mix) FY2025 FY2026 Q1 FY2026 Q1 FY2027 Motor OD 48% 46% 45% 43% Motor TP 52% 54% 55% 57% Grand Total 100% 100% 100% 100% Product Mix (GWP) and Loss Ratio – Motor Motor OD 65.8% 72.4% 74.9% 76.6% Motor TP 71.1% 58.9% 52.6%
Slide 30: Bajaj General – Product portfolio: Health, PA and Travel
Bajaj General – Product portfolio: Health, PA and Travel All Figures in ₹ Crore Type (Business Mix) FY2025 FY2026 Q1 FY2026 Q1 FY2027 Retail 14% 15% 20% 17% Group (Employer-Employee & Others) 41% 40% 70% 67% Govt. Schemes 41% 41% 0% 9% Travel Insurance 2% 2% 5% 3% P.A 3% 2% 5% 3% Grand Total 100% 10
Slide 31: Bajaj General – Product portfolio: Commercial Lines and Others
Bajaj General – Product portfolio: Commercial Lines and Others All Figures in ₹ Crore Type (Business Mix) FY2025 FY2026 Q1 FY2026 Q1 FY2027 Fire 36% 38% 55% 45% Marine 5% 6% 6% 11% Engineering 7% 7% 7% 9% Liability 10% 11% 16% 18% Commercial Lines 57% 62% 84% 83% Crop Insurance 29% 22% 4% (1%) Other
Slide 32: Bajaj General – Customer obsession backed by “Caringly yours” theme
Bajaj General – Customer obsession backed by “Caringly yours” theme Bajaj General Net Promoter Score1 Total Grievances2 per 10,000 New Policies 2.65 2.64 2.59 2.36 2.33 75 78 68 70 69 72 70 72 63 65 1.35 1.05 0.92 0.73 0.77 FY 21 FY 22 FY 23 FY 24 FY 25 FY22 FY23 FY24 FY25 FY26 Health Motor Bajaj Ge
Slide 33: Bajaj General – Key Investments in technology (1/2)
Bajaj General - Key Investments in technology with focus on all stakeholders (1/2) Digital Journey Metrics Digital Servicing @91.3% Digital Policy Issuance @ 96.0% Digital Payment @97.3% (Cash @0.12%) (68.1% through AI BOTs) • 51.8 MM BOT messages • RPA for Issuance: 768 exchanges Crore premium book
Slide 34: Bajaj General – Key Investments in technology (2/2)
Bajaj General - Key Investments in technology with focus on all stakeholders (2/2) Existing Digital Capabilities Enhanced & Scaled-up Website BAGICARE – CRM Bajaj General App Redesigned and optimized the website buy Salesforce is now live for few channels, bringing Our Customer facing app delivers a
Slide 35: Bajaj General – Superior Risk management
Bajaj General – Superior Risk management ▪ 93.1% of the debt portfolio in AAA and sovereign assets and 82.5% of Equity in Nifty 50 stocks & Asset Quality 92.3% in BSE100 stocks ▪ Robust ALM position ▪ Superior underwriting capability leading to relatively low Combined Ratio ▪ Diversified exposure ac
Slide 36: Bajaj Life Insurance Ltd.
4 LIFE 48 LIFE BAJAJ LIFE INSURANCE LTD. BAJAJ LIFE GOALS. DONE. 35
Slide 37: 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 38: Bajaj Life – Key financial highlights Q1 FY2027
Bajaj Life – Key financial highlights Q1 FY2027 All Figures in ₹ Crore For the quarter For the Period Particulars Q1 FY2027 Q1 FY2026 Growth FY2026 Retail weighted received premium 1,474 1,255 17.5% 7,514 Retail Protection NB 176 110 60.0% 628 Group Protection NB 1,366 700 95.1% 3,156 Renewal Premiu
Slide 39: Bajaj Life RWRP – Growth v/s industry
Bajaj Life RWRP – Growth v/s industry; RWRP in line with our plan All Figures in ₹ Crore RWRP Trend RWRP Trend FY2026 Growth 50,000 Q1 FY2027 Growth 12,000 Bajaj Life 6% Bajaj Life 17% 2,20,000 24,000 45,000 Pvt Market 12% Pvt Market 15% 10,000 40,000 Overall Industry 10% Overall Industry 16% Bajaj
Slide 40: Bajaj Life – Diversified channel mix
Bajaj Life – Diversified channel mix All Figures in ₹ Crore Whole Company Institutional Business +6% 7,514 +17% +12% 4,082 +18% 7,067 3,647 1,255 1,474 732 620 FY25 FY26 Q1 FY26 Q1 FY27 FY25 FY26 Q1 FY26 Q1 FY27 Agency Bajaj Life Direct (4%) +21% +12% +5% 2,549 2,460 973 870 468 567 167 176 FY25 FY2
Slide 41: Bajaj Life – Stable product mix with innovative product suite
Bajaj Life – Stable product mix with innovative product suite Product Mix1 45% 43% 45% 45% 23% 22% 21% 24% 5% 10% 5% 10% 16% 19% 11% 21% 8% 9% 12% 6% FY25 FY26 Q1 FY26 Q1 FY27 Individual - Non Par Protection Individual - Non Par Savings Individual - Annuity Individual - Par Individual - Unit Linked
Slide 42: Bajaj Life – Continuous focus on increasing protection
Bajaj Life – Continuous focus on increasing protection All Figures in ₹ Crore Retail Protection (NBP) Group Protection (NBP) +60% +21% 3,156 628 2,616 393 1,366 +60% +95% 176 700 110 FY2025 FY2026 Q1 FY26 Q1 FY27 FY2025 FY2026 Q1 FY26 Q1 FY27 41
Slide 43: Bajaj Life – Capital and Assets under Management
Bajaj Life – Capital and Assets under Management All Figures in ₹ Crore Net worth AUM AUM (Mix) - Non Unit Linked 4% 143,744 No Capital Accumulated profit 13% infusion since 89% of Net Worth as 133,563 131,052 28% FY08 on 30 Jun 2026 123,734 Corporate Bonds G-sec Equity Others 10,899 11,015 87,761 8
Slide 44: Bajaj Life – VNB & NBM update
Bajaj Life – VNB & NBM update All Figures in ₹ Crore Q1 Q1 Change Rolling3 Rolling Change Particulars FY2027 FY2026 (%) FY2027 FY2026 (%) Annualized Premium (ANP)1 1,706 1,310 30.2% 8,885 7,749 14.7% Value of New Business (VNB)2 271 145 86.6% 1,752 1,193 46.9% New Business Margin (NBM) on ANP 15.9%
Slide 45: Bajaj Life – VNB and NBM Walk
Bajaj Life - VNB and NBM Walk All Figures in ₹ Crore 63 321 271 113 (50) 145 NBM 11.1% NBM 18.8% NBM 15.9% VNB - Q1 FY2026 New Business mix and Profile* Business Volume VNB - Q1 FY2027 GST Impact VNB - Q1 FY2027 (before GST impact) (after GST impact) NBM - New Business Margin, VNB – Value of New Bus
Slide 46: Bajaj Life – Focus on enhanced business quality
Bajaj Life – Focus on enhanced business quality backed by enhanced customer segments For the Quarter Persistency 13th Month Persistency 25th Month 82% 82% 74% 75% 81% 81% 72% 71% FY25 FY26 Q1 FY26 Q1 FY27 FY25 FY26 Q1 FY26 Q1 FY27 Persistency 37th Month Persistency 49th Month Persistency 61st Month
Slide 47: Bajaj Life Contextual Innovation: Data, Tech and AI
Bajaj Life Contextual Innovation: Data, Tech and AI in everything Customer & Business Enablement Login & Underwriting Distributor Servicing Smart Coach Gen AI DIGI 2.0 Tech Smart Pitch Gen AI • Gen AI powered self assessment platform to • Ensuring near-zero business disruption boost sales productivi
Slide 48: Bajaj Life – Faster issuances, claim settlement and FTR
Bajaj life – Focusing on faster issuances, claim settlement and driving FTR 90.3% 76 per 10k policies 80.8% Digital Adoption1 Grievance Incidence Rate Digital Self Servicing2 95.2% Electronic Payout 95.2% 5.05 lakhs 10.0 lakhs Retail Claim Settlement transactions Ratio Unique WhatsApp Users Customer
Slide 49: Bajaj Life – Superior Risk Management
Bajaj Life – Superior Risk Management ▪ 97.0% of the debt portfolio in AAA and sovereign assets, 77.5% Equity in Nifty 50 stocks and 83.1% in Asset Quality NSE100 stocks ▪ Prudent assumptions built in product pricing Product Pricing ▪ Stress and multi - scenario testing of pricing ▪ Regular review o
Slide 50: Bajaj Finserv Health Ltd.
HEALTH BAJAJ BAJAJ FINSERV HEALTH LTD. a9
Slide 51: Market Opportunity in Healthcare Ecosystem & Commercial Flows
Market Opportunity in Healthcare Ecosystem & Commercial Flows • Indian Healthcare Expenditure at ₹ 7.4 lakh crore, 3.73% of GDP and ₹ 5,436 per capita • One of the largest spend categories but highly fragmented • Over ₹ 19,314 bn total addressable market present Internationally for products and outs
Slide 52: 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, Ou
Slide 53: 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 54: Bajaj Finserv Health + Vidal Health Landscape
Bajaj Finserv Health + Vidal Health Landscape – Providing Continuum of Care Bajaj Finserv Health & Vidal Health1 TPA Services Services to TPA Services TPA Services – Ayushman OPD Services International – Corporate – Retail Bharat Insurers • PUM of ₹ 3,762 • PUM of ₹ 1,260 • PUM of ₹ 430 • GMV of ₹ 2
Slide 55: Bajaj Finserv Health – Progress on Health Service Canvas
Bajaj Finserv Health - Progress on Health Service Canvas With Vidal Health, the company have created 20 services from Preventive to Tertiary Care, thus providing continuum of care through Network Ownership and Consumer Experience Preventive (5 Services) Primary (6 Services) Secondary (3 Services) Te
Slide 56: 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 57: Bajaj Finserv Health – Consumer Stack Metrics
Bajaj Finserv Health – Consumer Stack Metrics Healthcare Transactions (In ‘000’s) Key Developments for Q1 FY2027 6,556 • Company has built strong network supporting business 6,090 5,612 5,922 5,939 748 • Hospitals – 15,000+ 425 546 533 802 659 • Doctors – 130,000+ 1,015 584 605 • Diagnostic – 7,000+
Slide 58: Bajaj Finserv Health – Key financial highlights Q1 FY2027
Bajaj Finserv Health – Key financial highlights Q1 FY2027 All Figures in ₹ Crore Particulars Q1 FY2027 Q1 FY2026 FY2026 Total Income 230 243 1,121 Profit after Tax (44) (43) (160) Capital infused (as on 30th June 2026) 1,390 (Infused during the Quarter) 50 Net Worth (as on 30th June 2026) 472 Consol
Slide 59: Bajaj Finserv Direct Ltd.
Bajaj Finserv Direct Ltd. Bajaj Markets & Bajaj Technology Services 58
Slide 60: 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 61: 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 62: Bajaj Markets – Diversified Marketplace
Bajaj Markets – Diversified Marketplace Open Architecture Supply- side Demand-side Marketplace Wide choice Neutral, convenient Large TAM1 Choice of Digital Platform Consumers manufacturers AI-driven digital experiences 221+ MM yearly traffic (FY26) 100+ Partners (Banks, FIs, 45+ MM App Installs thro
Slide 63: 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 64: 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 : DXC, CRM, Clou
Slide 65: Bajaj Finserv Direct – Key financial highlights Q1 FY2027
Bajaj Finserv Direct – Key financial highlights Q1 FY2027 All Figures in ₹ Crore Q1 FY2027 Q1 FY2026 FY2026 Total Income 111 92 375 PAT after Tax (37) (50) (170) Capital infused (as on 30th June 2026) 809 (Infused during the Quarter) - Net Worth (as on 30th June 2026) 271 Lending Volume (in Crore) O
Slide 66: Bajaj Asset Management Ltd.
Bajaj Asset Management Ltd. 65
Slide 67: Capitalize on the Bajaj Finserv brand to penetrate 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 Crore) (‘000 Crore) 2026 2047 Growth 7,373 2.9x 6.0 3.2x Total AUM (‘Lakh Crore) 74 2,791 ~38
Slide 68: Bajaj AMC – Key Strategic Pillars
Bajaj 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 ensure Products safety and mitigate risk. ▪ Launch of Passive in space wh
Slide 69: Bajaj AMC – Equity funds with differentiated strategies
Bajaj 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 (Beta) Mul
Slide 70: Bajaj AMC – Key financial highlights Q1 FY2027
Bajaj AMC - Key financial highlights Q1 FY2027 All Figures in ₹ Crore Bajaj AMC Q1 FY2027 Q1 FY2026 FY2026 Total Income 25 15 65 Profit after Tax (41) (52) (204) Capital infused (as at 30th June 2026) 850 (Infused during the Quarter) 75 Net Worth (as at 30th June 2026) 141 Categories of Mutual Funds
Slide 71: Bajaj Finance Ltd.
4 FINANCE BAJAJ BAJAJ FINANCE LTD. 4 FINANCE BAJAJ 70
Slide 72: 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 73: BFL – Consolidated Key financial highlights Q1 FY2027
BFL – Consolidated Key financial highlights Q1 FY2027 All Figures in ₹ Crore For the quarter For the Period Particulars Q1 FY2027 Q1 FY2026 Growth FY2026 AUM 546,944 441,450 23.9% 509,975 Customer Franchise 12.4 10.7 16.8% 11.9 Deposit Book 68,534 72,109 (5.0%) 68,533 Net total Income 15,224 12,460
Slide 74: BFL – Key performance highlights: Q1 FY2027
BFL – Key performance highlights: Q1 FY2027 ▪ Number of new loans booked in Q1 FY2027 was at 1.61 Crore as against 1.35 Crore in Q1 FY2026, a growth of 20% ▪ In Q1, the Company added 51 Lakh new customers to its franchise. ▪ In Q1, cost of funds was 7.40%, an improvement of 1 bps over Q4 FY2026. ▪ A
Slide 75: BFL – Strong focus on cross selling and customer franchise
BFL – Strong focus on cross selling to existing customers and increase in customer franchise Q1 FY2026 Q1 FY2027 Q4 FY2026 10.65 Crore Total Franchise 12.44 Crore 11.93 Crore 8.85 Crore Credit segment filter 10.67 Crore 10.15 Crore 8.54 Crore Overall Cross sell franchise 10.21 Crore 9.72 Crore Non d
Slide 76: Bajaj Housing Finance Ltd.
BAJAJ HOUSING FINANCE LTD. 75
Slide 77: 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 78: BHFL – Key financial highlights Q1 FY2027
BHFL – Key financial highlights Q1 FY2027 All Figures in ₹ Crore For the quarter For the Period Particulars Q1 FY2027 Q1 FY2026 Growth FY2026 AUM 149,624 120,420 24.3% 140,706 Net total Income 1,175 1,009 16.5% 4,391 Profit after tax 715 583 22.6% 2,560 Return on assets 2.3% 2.3% - 2.3% (Annualized)
Slide 79: Annexures
> FINSERV BAJAJ ANNEXURES 4 FINSERV BAJAJ 78
Slide 80: One Finserv Story
> FINSERV BAJAJ ONE FINSERV STORY 4 FINSERV BAJAJ
Slide 81: Bajaj Finserv – Lifecycle Partner to every Indian
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 82: 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 83: 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 84: 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 85: 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 LI company in last 5 years on ₹100 invested in 2000 = ₹ 2,34,715 in 2026 • Profitable since first
Slide 86: Strong solvency and capital adequacy
Strong solvency and capital adequacy All Figures in ₹ Crore 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% Excess capital available 17,403 8,442 3,831 1,781 31,
Slide 87: Significant growth trajectory across diverse businesses (1/2)
Significant growth trajectory across diverse and sustainable businesses (1/2) All Figures in ₹ Crore Growth for Particulars FY 2016 FY 2021 FY 2025 FY 2026 5 YR CAGR 10 YR CAGR the year Bajaj Finserv Limited (Consolidated) Net total Income 20,534 60,592 132,944 150,523 13% 20% 22% Profit after tax 1
Slide 88: Significant growth trajectory across diverse businesses (2/2)
Significant growth trajectory across diverse and sustainable businesses (2/2) All Figures in ₹ Crore Growth for Particulars FY 2016 FY 2021 FY 2025 FY 2026 5 YR CAGR 10 YR CAGR the year Bajaj Finance Limited (Consolidated) Net total Income# 4,406 17,269 44,954 54,126 20% 26% 29% Profit after tax 1,2
Slide 89: ESG Update: Environmental, Social and Governance
ESG UPDATE Environmental, Social and Governance (Towards a Sustainable Future) 88
Slide 90: 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 91: Being Responsible: ESG Key metrics
Being Responsible: ESG Key metrics ESG is not just the right thing to do, it is what will shape a better tomorrow for all • Robust governance structure across all our • New to BFL credit customers - 30+ MM* companies including unlisted ones • BFL MFI branches – 440+ covering 7 Lakh+ • Responsible In
Slide 92: CSR Update
CSR Update OUR COMMITMENT Through Bajaj Beyond, Bajaj Group companies have committed 5,000 crore over five years towards social impact programs, with the goal of impacting 2 crore individuals Child Pune City Youth Skilling Development INCLUSION FOR PERSONS EDUCATION HEALTH PROTECTION WITH DISABILITI
Slide 93: India and BFSI opportunity
India and BFSI opportunity Fastest growing; opportunity for every household 92
Slide 94: India is digitising rapidly
India is digitising rapidly Rising Income India Stack Powered the 1.45 Bn+ Aadhaar generated 22.72 Bn monthly Financial Inclusion transactions – June 2026 Revenue from India’s Fintech Market to reach USD 422 ONDC facilitated more than technology Industry to billion by 2029 450 million transactions t
Slide 95: 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 96: Others
> FINSERV BAJAJ Others 4 FINSERV BAJAJ 95
Slide 97: Bajaj General – Product Suite
Bajaj General – Product Suite Personal Commercial SME Rural Partnerships (Group • Motor Pvt Car & 2 Wheelers - Motor Insurance Property Rural & Agriculture / Government) Standalone OD and Package • Commercial vehicle Insurance • Fire & Allied Perils (up to 5 • Parametric Index Based Health & Travel
Slide 98: Bajaj Life – Product Suite
Bajaj Life – Product Suite Long Term Mortality (Life protection) Wealth Longevity Morbidity (Retirement (Health planning) protection) 97
Slide 99: BFL and BHFL – Product Suite
BFL and BHFL – Product Suite BAJAJ FINANCE LIMITED Consumer SME Commercial Rural Deposits Payments Partnerships & 1. Loan against securities 1. Consumer Durable Services 1. Unsecured Working 1. Retail Term Issuance 1. Consumer Durable Capital Loans Loans 1. Life Insurance 2. IPO financing Deposits 1
Slide 100: Bajaj General Key Financial Metrics vs. Industry
Bajaj General Key Financial Metrics vs. Industry – Outperformance All Figures in ₹ Crore GWP Combined Ratio Cumulative PAT (5 Yr) (5 Yr CAGR) (5 Yr Avg.) 8,011 Crore 13.1% 101.1% Industry 10.7% Industry 118.5% Industry 4,859 Crore 3rd largest general insurer grown Consistently maintaining prudent Su
Slide 101: Bajaj General – Performance by lines of business: GDPI
Bajaj General – Performance by lines of business: GDPI GDPI Growth Line of Business Q1 FY2027 Q1 FY2027 FY2026 FY2026 Bajaj General Industry Bajaj General Industry Commercial Lines1 (8.7%) (12.4%) 11.0% 11.8% Motor OD 5.8% 16.4% 8.0% 9.0% Motor TP 15.2% 12.2% 21.2% 9.3% Motor Total 10.9% 13.9% 14.8%
Slide 102: Bajaj General – Performance by lines of business: Loss ratio
Bajaj General – Performance by lines of business: Loss ratio Net Loss Ratio Line of Business Q1 FY2027 Q1 FY2026 FY2026 FY2025 Fire 48.9% 73.1% 37.9% 46.6% Marine Cargo 89.7% 63.6% 81.8% 70.2% Engineering 56.3% 78.6% 46.9% 30.4% Motor OD 76.6% 74.9% 72.4% 65.8% Motor TP 51.0% 52.6% 58.9% 71.1% Motor
Slide 103: Bajaj General Loss Triangle – Ultimate Net Loss Cost Re-estimate
Bajaj General Loss Triangle – Whole Account Excluding IMTPIP on Net Basis as at 31 March 2026, Ultimate Net Loss Cost Re-estimate All Figures in ₹ Crore Accident Year Cohort 31/03/2016 Particulars (Rs. Cr) 31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-M
Slide 104: Bajaj General Loss Triangle – Cumulative Payment
Bajaj General Loss Triangle – Whole Account Excluding IMTPIP on Net Basis as at 31 March 2026, Cumulative Payment All Figures in ₹ Crore Accident Year Cohort 31/03/2016 Particulars (Rs. Cr) 31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 and before
Slide 105: Bajaj General Loss Triangle – Motor TP Ultimate Net Loss Cost
Bajaj General Loss Triangle – Motor TP Excluding IMTPIP on Net Basis as at 31 March 2026, Ultimate Net Loss Cost Re-estimate All Figures in ₹ Crore Accident Year Cohort 31/03/2016 Particulars (₹ Cr) 31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 a
Slide 106: Bajaj General Loss Triangle – Motor TP Cumulative Payment
Bajaj General Loss Triangle – Motor TP Excluding IMTPIP on Net Basis as at 31 March 2026, Cumulative Payment All Figures in ₹ Crore Accident Year Cohort 31/03/2016 Particulars (Rs. Cr) 31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 31-Mar-25 31-Mar-26 and before A] U
Slide 107: Bajaj General Loss Triangle – IMTPIP reserving
Bajaj General Loss Triangle – IMTPIP reserving All Figures in ₹ Crore • The IMTPIP came to operation on 1st April 2007 exclusively for third party claims in respect of commercial vehicles. All insurers registered to carry on non-life insurance business including motor business were automatically req
Slide 108: Bajaj Life – Key Financial Metrics v/s Industry
Bajaj Life – Key Financial Metrics v/s Industry: Fastest growth All Figures in ₹ Crore GWP RWRP Solvency Margin (5 Yr CAGR1) (5 Yr CAGR1) (FY 2026) 22% 25% 266% Industry 10% Industry 12% Industry3 170%-240% Growth 2.6X the industry Growth 2X the industry Highest solvency ratio among the peers, with
Slide 109: Thank You
> FINSERV BAJAJ Thank You 108
Slide 110: 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