Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv in conversation with Rishi Darda, Joint Managing Director & Editorial Director, Lokmat Media Group at the Lokmat Maharashtrian of the Year 2025 Award
This acquisition marks a significant milestone for us. Bajaj Allianz, which started in 2001 as a joint venture with Allianz, has grown into one of the finest insurance companies in India over the past two decades. With India’s financial services and insurance sector presenting immense opportunities, both partners had the ambition to shape their own future. Given that a company cannot have two captains steering the same ship, we made the amicable decision to acquire Allianz’s 26% stake for ₹24,000 crore—the largest check written in the history of the Indian insurance sector and one of the biggest in the NBFC space.
This move aligns with our vision of building world-class companies from India, for India. Today, we have built a financial services business with a valuation exceeding ₹10 lakh crore, and it all started from a market cap of just ₹2,000 crore in 2007. If someone had invested ₹1 crore back then, it would have grown 400 times today. This growth is a testament to India’s potential, the resilience of our team, and the power of long-term vision.
Looking ahead, India presents a once-in-a-lifetime financial opportunity over the next decade. With rising incomes, increasing insurance penetration, and a rapidly digitizing economy, the financial services industry is set to expand significantly. In the next 10 years, India is poised to become one of the world’s largest insurance markets, driven by a growing middle class, a young and aspirational population, and a regulatory framework that encourages innovation and expansion. Bajaj Finserv is committed to playing a key role in this transformation, ensuring that we provide best-in-class products, leverage cutting-edge technology, and enhance financial inclusion at scale.
One of the key drivers of success is a strong work ethic. At Bajaj, we believe in hard work, discipline, and the power of relentless execution. Our leadership and teams work beyond the conventional 40-hour week, putting in the time and effort required to build something truly remarkable. Success is not about clocking in and out—it’s about dedication, ownership, and the willingness to go the extra mile.
As we move forward, our focus remains on innovation, customer-centric solutions, and leveraging technology to stay ahead in an evolving landscape. We recognize that success is never the result of just one individual—it takes a strong team, a clear vision, and relentless execution. For aspiring entrepreneurs, my advice is to chase ideas that are unique, remain passionate, and build teams that share the same vision. Challenges are inevitable, but perseverance and the right mindset create lasting businesses.
This acquisition is not just about Bajaj Finserv’s expansion—it’s about strengthening India’s insurance landscape with long-term stability and innovation at its core. “
Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv received Lokmat Maharashtrian of the Year 2025 Award for business category
Last Updated on: Friday, March 21, 2025 4:00 pm by Indian News Bulletin Team | Published by: Indian News Bulletin Team on Friday, March 21, 2025 4:00 pm | News Categories: News
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