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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.
Bajaj Auto Credit is already driving profits for India’s second-largest two-wheeler maker. With a fundraise on the cards, the captive NBFC is entering the fast lane.
Rajiv Bajaj is building a non-banking financial company within Bajaj Auto, one that is already making a substantial contribution to its profits.
In its earnings announcement last Wednesday, the two-wheeler major said that Bajaj Auto Credit Ltd, the NBFC arm, reported a profit of Rs 102 crore for the April-June quarter—nearly double what it reported in all of FY25, its first full financial year of operations. The business, the management went on to state, had become an important growth driver for Bajaj Auto.
“Consolidated revenue [for Bajaj Auto] was up 10%, while consolidated profit after tax came in at Rs …
Purpose-driven finance has powered the digital lender’s growth, but its durability remains in question.
FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.
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.
