Bajaj Finance expects its consolidated AUM to multiply about 7X to ₹40 lakh cr by 2036

Rajiv Jain, Vice-Chairman & Managing Director, Bajaj Finance Ltd

Bajaj Finance Ltd (BFL) projects that its consolidated assets under management (AUM) will increase roughly sevenfold to ₹40 lakh crore by 2036, up from ₹5.47 lakh crore recorded at the end of June 2026.

“Reaching ₹2 lakh crore took us 15 years; we then doubled that figure in just three more years. For FY27, on a consolidated basis we anticipate AUM of ₹6.3‑6.5 lakh crore (compared to ₹5.10 lakh crore at March‑end 2026) while maintaining our return on assets, return on equity, profitability and risk metrics,” said Rajiv Jain, Vice‑Chairman & Managing Director, addressing shareholders at BFL’s 39^th Annual General Meeting.

The diversified NBFC has issued long‑term guidance: AUM growth of 23‑25%, profit growth of 23‑24%, and gross NPAs below 1.4%. Its subsidiaries include Bajaj Housing Finance and Bajaj Financial Securities.

Financial ecosystem

Highlighting the tight link between GDP and the financial sector, Jain pointed out that India’s domestic credit has risen at a CAGR of 15% over the past 21 years, reaching ₹235 lakh crore. Even if growth slows to 12% annually, domestic credit could hit ₹729 lakh crore by FY2036.

He noted that BFL’s AUM has expanded at a CAGR of 34% since inception, amounting to ₹5.10 lakh crore by March‑end 2026. Assuming a 23% CAGR for the next decade, AUM would reach ₹40 lakh crore by FY2036, representing about 5% of India’s total credit.

Jain added that the firm plans to roll out more than 300 AI applications in FY27, such as AI‑powered text and voice bots for customers, facial recognition at branches and retail outlets, automated ornament identification and classification, and property‑document assessment.

Sanjiv Bajaj, Chairman of BFL, remarked that India’s next growth phase will be fueled not just by large corporates but also by millions of small enterprises, self‑employed professionals, farmers and first‑generation entrepreneurs in both urban and rural areas. Access to finance will be pivotal in turning these aspirations into reality.

“Bajaj Finance’s vision aligns closely with these goals—by widening financial inclusion, supporting MSMEs, empowering entrepreneurs and onboarding first‑time borrowers into the formal financial system,” he added.

Published on July 30, 2026