The Bajaj Group, established in 1926 by Jamnalal Bajaj, is one of India’s most iconic and respected business conglomerates. With a legacy built on innovation, trust, and excellence, the group has played a pivotal role in shaping the country’s industrial landscape. It operates across diverse industries, including automobiles, financial services, home appliances, insurance, and electricals.
The group’s flagship companies, such as Bajaj Auto, Bajaj Finserv, and Bajaj Electricals, are industry leaders known for their innovative products and customer-centric approaches. Bajaj Auto revolutionized mobility in India, while Bajaj Finserv has redefined financial services with its modern solutions.
Beyond business, the Bajaj Group is deeply committed to societal development, with initiatives in education, rural development, healthcare, and women’s empowerment through the Jamnalal Bajaj Foundation. With a legacy of entrepreneurship and social responsibility, the Bajaj Group continues to drive progress and innovation in India.
An Insight into The Bajaj Group
Here is the highlight of the Bajaj Group fundamentals, including market cap, group companies, and global operations:
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| Metric | Details |
|---|---|
| Combined Market Capitalization | Approximately $167 billion |
| Total Group Companies | Over 40 companies |
| Industries Presence | Automobiles, Financial Services, Insurance, Steel, and Utilities |
| Employee Count | Approximately 1,00,000 employees |
| Global Presence | Operations in over 75 countries, with a significant market share in two-wheelers and three-wheelers |
| Chairman | Mr. Niraj Bajaj |
History of the Bajaj Group
The Foundation
The Bajaj Group came into being with its incorporation during the year 1926. It grew strong listening carefully to Jamnalal Bajaj, a visionary entrepreneur and one of the closest associates of Mahatma Gandhi in his quest to eradicate colonial rule. Even mythology-Goatman differed to Dictionary Hispanus-placed him in very tough inspirational values like self-reliance, swadeshi, and ethical business conduct. It would build not merely a business driving a will but contribute to India becoming liberated of its colonial shackles; this very ethos founded the Bajaj Group’s sustainability over the ages.
Pre-Independence Contributions
During pre-independence, the Bajaj Group engaged in trading and small-scale industrial undertakings much in accordance with the Gandhian philosophy – the spirit of self-roaming and promoting indigenous production. Jamnalal Bajaj was very active in the freedom movement himself and took part in almost all activities pertaining to nationalism while he undertook rural development, education, and charity works. The commitment of the group towards social responsibility and ethical business practices is what distinguished it during the formative years as well.
Post Independence Expansion
The Bajaj Group launched into an era characterized by quick growth and industrialization immediately after India gained independence. Kamalnayan Bajaj, a son of Jamnalal Bajaj, steered this group in diversifying the ventures and manufacturing. This period signified the initiation of largescale industrial projects in the country to support the economic growth of the country.
In the 1960s, Rahul Bajaj took the group’s reins. He further transformed the group by focusing on the automobile sector. Bajaj Auto was set up in 1945 and proved to be a milestone since the company became a forerunner in the two- and three-wheeler sector. Popular products like the Bajaj Chetak scooter turned almost into a synonym for affordable and reliable mobility for millions of Indians. Today, Bajaj Auto is a very famous global leader and symbol of the very risk-taking spirit in innovation and excellent endeavor of this group.
Bajaj Group: Listed Companies
*(Data as April 1, 2025)
Top 12 Bajaj Group Companies
The diversified Bajaj Group invests heavily in many sectors ranging from automobiles, financial services, insurance, and home appliances to electricals. Among the conglomerates of India, as much as Bajaj has earned with such investments, it has contributed to the economic development of India by covering sectors critical to the economy. Here are the details of the top listed companies of the Bajaj Group:
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1. Bajaj Finance Ltd
Bajaj Finance is a subsidiary company of Bajaj Finserv and works in the lending business and accepts deposits as well. Its lending portfolio is diversified across consumer finance, commercial lending, corporate finance, and SME Finance. With its strong credit rating in the long-term and short-term borrowing, this has now become a leading NBFC player in India.
2. Bajaj Finserv Ltd
Bajaj Finserv is part of the Bajaj Group, and it offers probes of various financial products, such as personal loans, home loans, and insurance. It builds much of its value on customer-centric products and has thus added heavily to its digital infrastructure with the aim of offering online lending and borrowing capabilities.
3. Bajaj Auto Ltd
Bajaj Auto is the crown jewel of the Bajaj Group and has been a game changer in this industry. Well-known for its two- and three-wheelers, Bajaj Auto has invested large amounts of money over a long period in R&D and manufacturing to develop popular models like the Bajaj Pulsar, Dominar, and the Bajaj Chetak electric scooter. The Bajaj Group has also started evolving in terms of its international footprint, with products being marketed across 70 countries. Bajaj Auto will continue to invest in innovation and sustainability as well as with its electric vehicle technology.
4. Bajaj Holdings & Investment Ltd
BHIL (Bajaj Holdings & Investment Ltd) is an investment company and is registered with the RBI as an NBFC. It does not have any operations and earns basically from the dividend income given by the other Bajaj Group companies. Its three major holdings are Bajaj Finserv, Bajaj Auto, and Maharashtra Scooters.
5. Bajaj Housing Finance Ltd
A subsidiary of Bajaj Finance, this NBFC offers housing finance products to more than 97 million customers across India. It offers loans to both individuals and corporations for buying and renovating residential and commercial properties. Apart from this, it also provides financing solutions to developers and HNIs.
6. Maharashtra Scooters Ltd
Maharashtra Scooters is another major investment of the Bajaj Group, with the manufacture of scooters and allied products. The company had a very active part in the days of the famous scooters like the Bajaj Chetak but continues with the group. Investments have been made in manufacturing processes and product development the way they go with Bajaj Auto’s overall strategy in providing good, cost-effective and reliable transport.
7. Bajaj Electricals Ltd
Bajaj Electricals is yet another diversified company with interests in consumer appliances and lighting and is heavily into engineering as well. Of all the products produced by Bajaj Electricals, the most known products are kitchen appliances, fans, and water heaters. The Company has committed major investments in innovation as well as energy solutions. It also works on large projects in urban infrastructure and sustainable energy solutions. The Company has, therefore, been able to come up with path-breaking products in electrical space due to investments in R&D.
8. Bajaj Hindusthan Sugar Ltd
Bajaj Hindusthan Sugar has become one of the largest producers of sugar in India and is one of the flagship investments of the group. It is a production, distilling, and power generation company from bagasse. Huge investments were made by the company towards enhancing its production capacity and modernizing its plants. Practicing sustainable farming and developing the rural community in terms of providing employment and nurturing the sugarcane farming community have also been some of the roles Bajaj Hindusthan Sugar has undertaken.
9. Bajaj Consumer Care Ltd
Bajaj Consumer Care makes a major investment for the group and is now one of the biggest players in fast-moving consumer goods (FMCG). Acclaimed for the famous hair oil brand Bajaj Almond Drops, the company’s product range has continued to grow, and investments in building its brand have taken on the entire organization. What goes for the company is an incessant investment in consumer research, marketing, and distribution networks, enabling it to hold a strong position in the competitive market of FMCG.
10. Bajel Projects Ltd
Bajel Projects is a leading power company that operates in four verticals: Power Transmission, Power Distribution, Monopoles, and International EPC. It has a world-class manufacturing facility and is known for its strong project execution skills.
11. Mukand Ltd
With its footprint dating back to 1937, Mukand is a key manufacturer of high-quality alloy steel, stainless steel, and heavy machinery. It is the first indigenous stainless steel manufacturer in India and the first company to use the VOD production process. With world-class facilities and an employee strength of more than 2,400, Mukand is leaving its mark in the iron and steel industry.
12. Indef Manufacturing Ltd
Indef Manufacturing offers a wide range of material handling products for different industries such as automotive, engineering, metals, power generation, cement, etc. Its product portfolio includes cranes, wire rope hoists, electric chain hoists, mechanical hoists, and storage and retrieval solutions.
Top 10 Bajaj Mutual Funds
Here is the list of the top 10 Bajaj Mutual Funds from different categories such as equity, debt, and hybrid:
| Mutual Funds | Fund Size (₹ Cr) | Risk |
|---|---|---|
| Bajaj Finserv Liquid Fund | ₹4,635.44 | Low to Moderate |
| Bajaj Finserv Flexi Cap Fund | ₹3,851.87 | Very High |
| Bajaj Finserv Money Market Fund | ₹3,138.96 | Low to Moderate |
| Bajaj Finserv Large and Mid Cap Fund | ₹1,625.51 | Very High |
| Bajaj Finserv Large Cap Fund | ₹1,278.31 | Very High |
| Bajaj Finserv Balanced Advantage Fund | ₹1,193.27 | Very High |
| Bajaj Finserv Multi Asset Allocation Fund | ₹1,073.04 | Very High |
| Bajaj Finserv Arbitrage Fund | ₹959.89 | Low |
| Bajaj Finserv Consumption Fund | ₹487.53 | Very High |
| Bajaj Finserv Overnight Fund | ₹445.56 | Low |
*(Data as on March 31, 2025)
1. Bajaj Finserv Liquid Fund
Bajaj Finserv Liquid Fund is a type of debt fund that invests in highly rated money market instruments with a maturity of up to 91 days.
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2. Bajaj Finserv Flexi Cap Fund
This flexi cap equity fund invests across large-cap, mid-cap and small-cap stocks with a focus on long-term capital appreciation.
3. Bajaj Finserv Money Market Fund
Bajaj Finserv Money Market Fund is a type of debt fund that can offer stable returns by investing in different money market instruments.
4. Bajaj Finserv Large and Mid Cap Fund
This equity fund navigates across the large-cap and mid-cap segments and focuses on a moat investing style for wealth creation.
5. Bajaj Finserv Large Cap Fund
This large cap fund is concentrated towards the large-cap stocks, which are considered safer and keeps an eye on outperforming the index in the long term.
6. Bajaj Finserv Balanced Advantage Fund
It is a hybrid fund that dynamically invests across equity and debt instruments to optimize returns and risk management.
7. Bajaj Finserv Multi Asset Allocation Fund
Bajaj Finserv Multi Asset Allocation Fund invests across equity, debt, gold ETFs, and silver ETFs. It is considered the “all-weather” investment option due to its diversified portfolio.
8. Bajaj Finserv Arbitrage Fund
This fund follows the arbitrage strategy to capture the bullish phases of equity and mitigate downside risk through debt instruments.
9. Bajaj Finserv Consumption Fund
It is a thematic equity fund that invests in sectors such as FMCG, consumer durables, auto, and realty. This fund tries to capture the upside consumption trend by investing in growth stocks.
10. Bajaj Finserv Overnight Fund
This overnight fund holds high liquidity and low risk and aims to generate returns through securities having a maturity of only 1 day.
Bajaj Group: Future Outlook
1. Digital Transformation
Bajaj Group’s focus is on the use of digital technologies to enhance experience in customer interactions, improve operational efficiency and steer innovation within the group. Bajaj Finserv and Bajaj Allianz lead the pack by taking AI and machine learning towards making it a personalized experience.
2. Electric Vehicles (EVs)
Bajaj Auto forays into electric vehicles with the introduction of its e-scooter, the Chetak EV. The group is expected to invest substantially in comprehensive telecommunications facilities and EV technology to remain ahead of the competition in the dynamic world of mobility.
3. Renewable Energy
Some opportunities being researched by the Bajaj Group into renewable energy include solar and wind. They are in line with India’s future goals for sustainable energy solutions and the environment, which the group champions.
4. International Expansion
Within emerging markets in Africa, Southeast Asia, and Latin America, the group is also set to occupy a major part of its international footprint. While the company is poised to benefit from Bajaj Auto’s export strategy, Bajaj Electricals’ projects will also boost internationalization.
5. Diversification and Innovation
This is likely to be the trend for the group in the future, diversifying further the basket of businesses and innovating within those already existing in the portfolio. Investment in technology-based solutions is likely to be a major pivot in growth among smart appliances and digital finance products.
Conclusion
Started in 1926 by Jamnalal Bajaj, the Bajaj group has expanded its business activities into sectors like automobiles, financial services, home appliances, insurance, and electric. It is through companies like Bajaj Auto, Bajaj Finserv, and Bajaj Electricals, among others, that the group has contributed to shaping the industrial landscape of India.
Bajaj Group will flourish as it has always been the backbone of India’s economic development over the years. The group was embraced by a lot of challenges and opportunities but remained strong in its beliefs of trust, innovation, and excellence to cope with the future for growth.
Frequently Asked Questions – FAQs
1. What is the flagship company of the Bajaj Group?
Bajaj Auto is the flagship firm of the Bajaj Group and is a recognized global leader in the field of two-wheeled and three-wheeled vehicles. It is very prominent for its highly innovative models of motorcycles and has extensive export reach.
2. Is Bajaj Auto entering the electric vehicle market?
Yes, Bajaj Auto has stepped in the electric mobility sector with Chetak EV scooter as the very first offering on that front. The company is investing in EV technology and plans to spread its wings further with offers in the electric mobility space.
3. What is Bajaj Finserv known for?
This is Bajaj Finserv, which is one of the most premier companies in the field of non-banking finance providers that offers loans, insurance, mutual funds, etc. Bajaj Finserv is really a customer-centric and digital innovations oriented company.
Author: All Content is verified by SMC Global Securities.
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