EXPANSIVE VISION

Bajaj Finance, an outlier in terms of digitisation, faces stiff competition. But it continues to expand its reach

TEENA JAIN KAUSHAL

BEST LARGE NBFC BAJAJ FINANCE SEVENTEEN YEARS AGO, Bajaj Finance was far from being a household name in India’s financial sector. The turning point came in 2007, when Rajeev Jain took the reins as Managing Director. Under his stewardship, the company has delivered remarkable growth. In the last 17 years, their product lines grew from 4 to 26, loan disbursals from 1 million to 36 million, customer franchise from 0.8 million to 83 million, AUM from ₹2,500 crore to ₹3.3 lakh crore, and profits grew from ₹30 crore to over ₹19,000 crore in FY24. The market share has also grown from 10 bps to 200 bps. Jain is elated with the phenomenal growth. “At the FY22 AGM, when our AUM crossed ₹2 lakh crore, I presented our ambition of doubling…

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Business Today (Digital) - 1 Issue, 5 January 2025

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