Bajaj Finserv, part of the Bajaj Group, is taking significant steps to enhance its involvement in the technology sector through a dual investment strategy.
The company intends to establish a dedicated private equity fund aimed at AI ventures, which is projected to be one of the largest of its kind in India. Additionally, Bajaj Finserv plans to invest directly in early-stage AI startups using its own funds.
Chairman and Managing Director Sanjiv Bajaj indicated that the company anticipates investing between ₹400 Cr and ₹450 Cr in AI ventures during FY27, combining contributions from both the new fund and its balance sheet.
This initiative is part of a broader strategy to expand Bajaj Finserv’s alternative investments platform and leverage India’s burgeoning technology ecosystem. The fund will be managed by Bajaj Alternative Investment Management Ltd (Bajaj Alts).
Bajaj Alts aims to establish a solid institutional presence in the alternatives market, alongside its core operations. The subsidiary is led by Lakshmi Iyer and will oversee three funds: the AI-focused fund, a real estate fund, and a public markets fund.
Bajaj Finserv evaluates over 200 startups annually to determine the potential for internal technology adoption. The company has already partnered with several AI startups in areas like customer service and content development, investing in around six early-stage ventures.
Recently, Bajaj Finserv led a $25 million (approximately ₹233 Cr) pre-Series B funding round for Assiduus Global, enhancing its AI capabilities across various digital platforms.
This development aligns with the growing interest in AI among Indian companies and investors, spurred by advancements in machine learning and generative AI. The push for sector-specific AI solutions is increasing funding opportunities, as investors seek to capitalize on India’s projected $126 billion AI market by 2030, which could contribute up to $1.7 trillion to the GDP by 2035.
Financially, Bajaj Finserv reported a stable net profit of ₹2,229 Cr for the December quarter (Q3 FY26), slightly down from ₹2,231 Cr the previous year. Revenue from operations increased by 24%, reaching ₹39,708 Cr compared to ₹32,042 Cr in the same quarter last year.
As of 11:43 IST, Bajaj Finserv shares were trading 2.45% lower at ₹1,653 on the BSE.
