Bajaj Finserv targets ₹21,000-24,000 Cr profit by FY30, eyes full insurance control

• Bajaj Finserv targets Rs 21,000–24,000 crore profit after tax by FY30, aiming for an 18–22% compound annual growth rate.
• The company plans to evolve into an integrated "financial services supermarket," targeting Rs 3.1–3.4 lakh crore in consolidated assets and over 220 million customers by FY30.
• Bajaj Finserv is acquiring Allianz's 26% stake in its life and general insurance joint ventures for Rs 24,180 crore, gaining full control to pursue new strategic lines and international expansion.
• A strategic reset for insurance businesses includes focusing on profitable segments, overhauling distribution with low-cost channels, and leveraging digital integration.
• The group envisions a diversified "financial supermarket" and may evaluate listing some insurance arms within 4–5 years.

Why It Matters: Bajaj Finserv's bold strategy aims to reshape India's financial services landscape.