Bajaj Finance Limited’s share price surged to a fresh 52-week high, reaching ₹9,089, fresh 52-week high, during intraday trading on 21 March 2025.
The stock opened strong at ₹9,039.95, reflecting positive investor sentiment, before experiencing some fluctuations and settling at ₹8,841.80, up 1.87% at 10:25 AM on the NSE from its previous close of ₹8,679.65.
Bajaj Finance Ltd.’s board of directors has approved key leadership transitions based on the recommendations of its nomination and remuneration committee.
At its board meeting on Thursday, the company announced that Rajeev Jain, currently serving as Managing Director, will be promoted to Vice Chairman in the capacity of an Executive Director for a 3-year term, starting from April 1.
Jain, whose tenure as Managing Director concludes on March 31, has been associated with the Bajaj Finserv Group since 2007, initially joining as the Chief Executive Officer of Bajaj Finance.
In 2015, he was appointed Managing Director, leading the company’s transformation from a single-product auto finance business into a diversified, technology-driven financial services powerhouse, as per news reports.
Additionally, he serves as Vice Chairman on the board of Bajaj Housing Finance Ltd., where he plays a strategic role in driving growth.
These leadership changes mark a significant step in Bajaj Finance’s ongoing expansion, reinforcing its commitment to innovation and excellence in financial services.
Bajaj Finance reported a strong Q3 FY25, with net interest income rising 23% YoY to ₹9,382 crore, while profit after tax grew 18% to ₹4,308 crore. The company recorded its highest-ever quarterly loan bookings at 12.06 million, a 22% increase from the previous year.
Its customer base expanded by 21% to 97.12 million, adding 5.03 million new customers in the quarter. Assets under management surged 28% YoY to ₹398,043 crore, with a quarterly rise of ₹24,119 crore, reflecting sustained business growth.
The stock reaching a new 52-week high indicates market interest, while Rajeev Jain’s promotion marks a key transition in the company’s leadership.
The Q3 FY25 results highlight notable growth in net interest income, profit, and customer base. These developments provide stakeholders with insights into the company’s ongoing business operations and financial standing.
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Published on: Mar 21, 2025, 10:55 AM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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