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Data to 31 Mar 2025
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NSE BAJAJHFLCRISIL AAA, stableIndia Ratings AAA, stableCredit ratingA grade for how safely a company can repay what it borrows. AAA is the highest grade. A stable outlook means the agency does not expect to change it soon.It sets how cheaply the company can borrow, and so how cheaply it can lend.Housing finance companyMid-capMid-capAMFI ranks listed companies by market value twice a year: the 100 largest are large-cap, the next 150 mid-cap. Bajaj Housing Finance was large-cap from February 2025 and moved to mid-cap in the December 2025 review.Mutual funds sort the shares they may buy by this list, so the class shapes which funds can hold it.

Bajaj Housing Finance

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A large housing lender from Pune that is growing faster than most rivals. It charges borrowers some of the lowest rates, which leaves it a thinner margin, and it has the fewest bad loans of the 17 HFCs that report them.

Key numbers for the year to 31 March 2025
AUMAUMAll the loans it manages, as each lender reports it. That can include loans it has sold to other lenders but still collects.The usual way to measure how big a lender is. The typical HFC is the middle of the 19 that report this: half are above it, half below.Loan book₹1,14,684 CrLent ₹50,843 Cr of new loans in the year
AUM growth YoYAUM growth YoYHow much the loan book grew over the year.Fast growth wins customers, but the loans still have to be repaid. The typical HFC is the middle of the 18 that report this: half are above it, half below.Higher is betterLoan book growth26.0%The typical HFC grew 20.0%
7th fastest of 18

Where it stands

Where it standsEach mark is one of the 19 HFCs that report AUM for the year, smallest on the left. Filled marks are the lenders it is bigger than; its own mark is dark. Point at a mark to see which HFC it is.
Yield on loansYield on loansThe average interest rate it earned on its loans over the year.A low rate is good for borrowers but leaves the lender a thinner margin. The typical HFC is the middle of the 18 that report this: half are above it, half below.Rate it charges3rd lowest of 18
9.84%Borrows at 7.91%, keeps a gap of 1.93%
GNPAGNPALoans more than 90 days overdue, or unlikely to be repaid in full, as a share of all loans.The clearest sign of how good its lending is. The typical HFC is the middle of the 17 that report this: half are above it, half below.Lower is betterBad loans, Gross Stage 3Lowest of 17
0.29%The typical HFC: 1.81%
Only one HFC is larger
Amounts in
Amounts in

Where it lends

Four zones, as HFCs report them

85.2%of its loan book sits in five states

Maharashtra alone is 32%. The west and south hold more than three quarters of the book.

The other 14.8% of the loan book and 93 branches are spread across 18 more states and UTs; the company does not split them out.

Share of loans, five largest statesPresent, not split outNot present

Loans and branches by state at 30 Jun 2024, from the IPO prospectus. A state counts as present where the company holds a GST registration (23 states and UTs, Aug 2026); its Q4 FY25 investor presentation reports 22. Madhya Pradesh and Chhattisgarh are counted in the west. Boundaries from the Survey of India, via DataMeet (CC-BY 4.0).

Five largest states

30 Jun 2024, IPO prospectus

A branch in Delhi, Telangana or Karnataka carries about twice the loans of one in Maharashtra and four times one in Gujarat.

StateZoneAUMShareBranchesLoans per branch
MaharashtraWest₹31,106 Cr32.0%55₹566 Cr
KarnatakaSouth₹22,060 Cr22.7%20₹1,103 Cr
TelanganaSouth₹14,325 Cr14.8%12₹1,194 Cr
GujaratWest₹7,847 Cr8.1%29₹271 Cr
DelhiNorth₹7,362 Cr7.6%6₹1,227 Cr
Other 18 states and UTs₹14,371 Cr14.8%93₹155 Cr
Total₹97,071 Cr100.0%215₹451 Cr

Branch network

31 Mar 2025
Branches, annual report1748th smallest of 18Typical HFC 182
Loans per branch₹659.1 Cr2nd highest of 17Typical HFC ₹145.8 Cr
Branches, investor presentation216in 174 locations
States and UTs22Q4 FY25 presentation

Ranks use the filed count for every HFC. On the presentation count of 216, loans per branch would be ₹531 Cr.

Registered office
Bajaj Auto Limited Complex, Mumbai-Pune Road, Akurdi, Pune 411035, Maharashtra

Where each product is offered

31 Mar 2025

Home loans reach all 174 locations. Lease rental discounting and developer finance, nearly a third of the loan book, run from 16 or 17 cities at ₹48 Cr to ₹99 Cr a loan.

Home loans₹64,447 Cr of loans, average loan ₹45.5 lakh174 locations
Loan against property₹12,262 Cr of loans, average loan ₹67.9 lakh74 locations
Lease rental discounting₹21,913 Cr of loans, average loan ₹99 Cr17 locations
Developer finance₹14,346 Cr of loans, average loan ₹48 Cr16 locations

Q4 FY25 investor presentation.

Branch growth

June 2024 to March 2025

Its branch count barely moved while its loans grew by 18%, so the growth came through branches it already had.

Branches, June 2024
215
Branches, March 2025
216
AUM growth over those nine months
+18.1%

June 2024 from the IPO prospectus, March 2025 from the Q4 FY25 investor presentation.

By city tier

Not shown yet: we have loans and branches by city tier for no lender so far.

Branches, every HFC

Largest first, 18 HFCs reporting
1Locked lender, pending review517
2Locked lender397
3Locked lender, pending review385
4Locked lender356
5Locked lender, pending review266
6Locked lender, pending review234
7Locked lender, pending review226
8Locked lender, pending review200
9Locked lender, pending review189
10Locked lender, pending review175
11Bajaj Housing Finance174
12Locked lender, pending review155
13Locked lender, pending review130
14Locked lender90
15Locked lender, pending review72
16Locked lender35
17Locked lender, pending review25
18Locked lender, pending review9
Typical HFC 182Pending review