Bajaj Finserv

This is a financial services company and its consolidated performance includes that of Bajaj Allianz Life Insurance (Bajaj Finserv holds 74% stake), Bajaj Allianz General Insurance (74% stake), Bajaj Finance Limited (61.54%) and other small entities. For Q2FY15, the company posted a 18% (YoY) rise in consolidated gross income at Rs.4774 crore. 31% of this income came from general insurance business, which is Bajaj Allianz General Insurance. Next is life insurance through Bajaj Allianz Life Insurance, contributing 29% to gross revenue and then comes Bajaj Finance, at 26%. Net profit came in at Rs.316 crore, up 14%. Sequentially though, profit was almost stagnant, in fact slipping down a bit.

Bajaj Finance, a subsidiary and listed company, contributed maximum to the net profit, posting a net profit at Rs.197 crore, up 18% (YoY). General insurance showed a 28% rise in profit while life insurance fell 4%.

This company is a direct beneficiary of the hike in FDI limit in insurance companies from 26% to 49%, with full Indian management control. Currently, the Bajaj family and its companies hold 58.89% stake. Govt of Singapore holds 3.10%.