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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
India’s leading NBFC wants to double its loan book in the next four years by focusing on areas neglected by others. The managing director has a plan for both achieving this growth and fixing its succession crisis.
In India’s shadow banking space, no one comes close to Bajaj Finance. The next three in the league table—Cholamandalam Investment and Finance Company, Muthoot Finance and Sriram Finance—together make as much profit as Bajaj Finance alone does. Its loan book is 2x Shriram Finance’s.
The valuation is no different. At a price-to-earnings ratio of 35.7x, Bajaj Finance’s valuation is 46% higher than the industry average and almost 3x Shriram Finance’s. To justify this number and to keep growing its market capitalization, Bajaj Finance needs to move at full throttle. It does have a plan.
India’s largest non-bank finance company wants …
Purpose-driven finance has powered the digital lender’s growth, but its durability remains in question.
An NBFC licence and a string of approvals give the fintech firm a fresh shot at relevance. But patchy execution, intense competition and a stagnant core cast doubt on whether it can capitalize on the opportunity.
The fintech’s financial services business has done reasonably well in Q4 FY26. But upping its lending game without the NBFC tag will be a tall task.
