Bajaj Finance is positioned to achieve a major milestone in the current financial year, with the company guiding that its assets under management (AUM) will surpass ₹5 lakh crore in FY26. Such a landmark would further cement its position as one of India’s most influential non-bank financial institutions (NBFCs). While still smaller than the country’s largest private banks, the company’s rapid AUM expansion has brought it closer to India’s mid-sized private lenders.
AUM at ₹4.62 Lakh Crore; Closing the Gap With Mid-Sized Banks
As of September 30, 2025, Bajaj Finance’s AUM stands at ₹4.62 lakh crore. Though the number trails the total asset base of India’s top private banks, the comparison shows the dramatic progress the NBFC has made over the years.
Within the private banking sector, the asset ranking remains dominated by the largest lenders:
HDFC Bank: ₹40.03 lakh crore total assets (as of September 30, 2025)
ICICI Bank: ₹21.36 lakh crore
Axis Bank: ₹16.77 lakh crore
These banks continue to operate in a significantly larger zone compared to NBFCs. However, the interesting shift is visible when Bajaj Finance’s AUM is compared with mid-tier private banks.
Bajaj Finance’s current AUM is now broadly in the same range as:
Kotak Mahindra Bank: ₹7.07 lakh crore
IndusInd Bank: ₹5.27 lakh crore
It has already overtaken some well-known peers:
Yes Bank: ₹4.29 lakh crore
IDBI Bank: ₹4.16 lakh crore
If Bajaj Finance crosses the ₹5 lakh crore mark in FY26, it would place the NBFC firmly alongside India’s mid-tier private banks in terms of balance-sheet strength. This would significantly reinforce its status as one of the country’s largest and most influential financial institutions outside the traditional banking system.
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AI-Led Transformation: ₹3,500 Crore Loans via Voice Bots
The company is also pushing aggressively toward artificial intelligence and automation. According to its latest investor day presentation, Bajaj Finance plans to disburse ₹3,500 crore worth of loans through voice bots in the current financial year.
This AI-led digitisation strategy is already underway:
Nine Chatbot services are currently live
By the end of the fiscal year, AI agents are expected to take over completely as part of the company’s long-term strategy for 2026–2030
The company expects this technological transformation to drive:
16–18 crore application installations
3.5–4.5 billion website visitors
30% digital contribution to business
31% operating expenses to net interest margins
Up to 90% reduction in workload
This aggressive technology adoption indicates Bajaj Finance’s ambition to scale operations faster, reduce cost pressures, and significantly improve customer reach and service efficiency.
Bajaj Finserv’s Long-Range Profit Ambition: ₹21,000–24,000 Crore PAT by FY30
Parent company Bajaj Finserv (BFS) has outlined an extensive long-term roadmap for the group across FY26–FY30. As part of its long-range plan, BFS is targeting a consolidated profit after tax (PAT) of ₹21,000–₹24,000 crore by FY30.
This projection implies:
18%–22% compound annual growth rate (CAGR) over the next several years
A significant expansion compared to current levels
These targets were presented by Sanjiv Bajaj, Chairman and Managing Director of Bajaj Finserv, at the company’s “Investor Day 2025” conference.
Along with the profit goals, BFS also expects consolidated assets to grow substantially:
FY2025 consolidated assets: ₹1.30 lakh crore
Expected FY2030 consolidated assets: ₹3.1–₹3.4 lakh crore
This implies a near 2.5x expansion in the group’s asset base within five years.
Customer Base Target: Over 220 Million by FY30
Bajaj Finserv also aims to significantly expand its customer footprint. The target is to scale:
Over 220 million active customers by FY30
Up from 100+ million currently
This rapid expansion in customer reach aligns with the company’s strategy to strengthen its presence across lending, insurance, wealth management, and other financial service verticals.
Vision 2026–2030: Building India’s Financial Services Supermarket
According to the presentation, the vision for Bajaj Finserv goes far beyond merely scaling assets and profits. The company aims to evolve from a collection of separate financial services businesses into a cohesive, integrated platform — a “financial services supermarket.”
This consolidated model intends to bring multiple financial categories under one umbrella:
Lending
Life insurance
General insurance
Wealth management and asset management
Newer emerging verticals
The group’s focus is to create a unified ecosystem where customers can access multiple financial products and solutions seamlessly, strengthening the brand’s long-term competitive position.
AUM Milestone Will Strengthen Industry Standing
If Bajaj Finance achieves its guided ₹5 lakh crore AUM in FY26, the milestone will:
Reinforce its dominance among the largest NBFCs in the country
Place it alongside India’s mid-tier private banks in scale
Validate its technology-driven growth strategy
Strengthen its positioning ahead of the next growth cycle outlined for 2026–2030
Bajaj Finance’s rise marks one of the most notable growth stories in India’s financial sector, especially as it narrows the gap with several established banks through a combination of aggressive expansion, digital transformation, and a strong customer acquisition pipeline.
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