While ICICI Securities acknowledges Bajaj Finance’s strong execution track record and structural growth drivers, it flags limited near-term valuation upside.
Bajaj Finance aims to transition from a product-centric approach to a customer-centric model, targeting 20% of India’s households by FY30.
(Photo: Radhakisan Raswe/NDTV Profit)
While Bajaj Finance has been at the forefront in customer acquisition over the past decade, as reflected in 12.5% market share in total loan booked, it is now shifting focus towards improving customer wallet market share.