India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

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Equity Bottom-Up

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<a href="https://www.smartkarma.com/entities/bajaj-finance-ltd" target="_blank" data-smartkarma-citation="entities:8950:1" rel="noopener">Bajaj Finance Ltd (BAF IN)</a> is transitioning into a "FINAI" company, integrating AI across all operations to drive transformative growth.</li>
<li>This strategy will focus on acquiring the next 100 million customers, penetrating new growth frontiers like MSME lending, and bolstering risk management and operational efficiency. </li>
<li>The company's success hinges on the successful execution of its FINAI strategy, navigating competition, managing credit costs, and adapting to the evolving regulatory landscape.</li>
</ul>



Bajaj Finance Ltd (BAF IN) is transitioning into a "FINAI" company, integrating AI across all operations to drive transformative growth.
This strategy will focus on acquiring the next 100 million customers, penetrating new growth frontiers like MSME lending, and bolstering risk management and operational efficiency. 
The company's success hinges on the successful execution of its FINAI strategy, navigating competition, managing credit costs, and adapting to the evolving regulatory landscape.


FINAI: Decoding Bajaj Finance's AI-Powered Strategy for Financial Dominance

External broker reports(aggregated public sources), Sharekhan

Sharekhan

External broker reports(aggregated public sources)

Sharekhan is India's leading broking house providing services from easy online trading, research to wide array of financial products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>BAF unveiled a new long-range strategy for FY25-29 and is reasonably confident.</li><li>AI integration would drive gains on opex and credit costs.</li><li>It also identified three new megatrends – Green finance on product front, multi-cloud and zero trust on tech front– and now has 28 megatrends that it will be working on.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BAF unveiled a new long-range strategy for FY25-29 and is reasonably confident.AI integration would drive gains on opex and credit costs.It also identified three new megatrends – Green finance on product front, multi-cloud and zero trust on tech front– and now has 28 megatrends that it will be working on.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bajaj Finance Ltd - Building a Strong & Sustainable Franchise

External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Bajaj Finserv hosted its investor day on 10th Dec’24, wherein the senior management of Bajaj Finance (BAF) led by Mr. Rajeev Jain, MD, unveiled BAF 3.0 – a FINAI company - and gave a sneak peek into its Long-Range Strategy (LRS) 2025-29.</li><li>BAF has demonstrated strong growth in the last 17 years, establishing itself as a leader in India’s financial services sector.</li><li>With a robust strategy underpinned by innovation and technology, BAF is well poised to achieve its FY25 targets, including INR4t in AUM and continued leadership in financial performance.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bajaj Finserv hosted its investor day on 10th Dec’24, wherein the senior management of Bajaj Finance (BAF) led by Mr. Rajeev Jain, MD, unveiled BAF 3.0 – a FINAI company - and gave a sneak peek into its Long-Range Strategy (LRS) 2025-29.BAF has demonstrated strong growth in the last 17 years, establishing itself as a leader in India’s financial services sector.With a robust strategy underpinned by innovation and technology, BAF is well poised to achieve its FY25 targets, including INR4t in AUM and continued leadership in financial performance.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bajaj Finance - Investor Day: Unveils Long-Range Strategy 2025-29

<ul><li>Bajaj Finance (BAF) has decided to exit the co-branded credit card distribution business.</li><li>RBL Bank (RBK) announced that the bank and BAF have mutually agreed to terminate their co-branded credit card partnership.</li><li>This would also imply that BAF will potentially terminate its co-branded card partnership with DBS Bank (DBS).</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bajaj Finance (BAF) has decided to exit the co-branded credit card distribution business.RBL Bank (RBK) announced that the bank and BAF have mutually agreed to terminate their co-branded credit card partnership.This would also imply that BAF will potentially terminate its co-branded card partnership with DBS Bank (DBS).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bajaj Finance - Exits Co-Branded Credit Card Distribution; Minimal Impact on Earnings

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Bajaj Finance (BAF) ended its eight-year-long co-branded credit card partnership with RBL, as per exchange filing (Link).</li><li>We believe the possible factors behind the end of this partnership include: 1) BAF’s decision to exit the cobranded credit card business given the role of the originator being restricted to only marketing and distribution, without customer ownership.</li><li>2) BAF’s strategy to diversify its fee income pool by reducing over-reliance on credit card fees.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bajaj Finance (BAF) ended its eight-year-long co-branded credit card partnership with RBL, as per exchange filing (Link).We believe the possible factors behind the end of this partnership include: 1) BAF’s decision to exit the cobranded credit card business given the role of the originator being restricted to only marketing and distribution, without customer ownership.2) BAF’s strategy to diversify its fee income pool by reducing over-reliance on credit card fees.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bajaj Finance - RBL Co-Branded Credit Card Alliance Ceases: Negligible Earnings Impact

India

Bajaj Finance Limited is a financial services company that operates branches in India, which provide an assortment of financial services.

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Bajaj Finance Ltd (BAF IN)

FINAI: Decoding Bajaj Finance's AI-Powered Strategy for Financial Dominance

Bajaj Finance is transforming into a "FINAI" company, using AI to drive growth by acquiring new customers, expanding into new markets, and...

Sudarshan Bhandari

Bajaj Finance Ltd - Building a Strong & Sustainable Franchise

BAF unveiled a new long-range strategy for FY25-29 and is reasonably confident. AI integration would drive gains on opex and credit costs.

Sharekhan

Bajaj Finance - Investor Day: Unveils Long-Range Strategy 2025-29

BAF has demonstrated strong growth in the last 17 years, establishing itself as a leader in India’s financial services sector.

Motilal Oswal

Bajaj Finance - Exits Co-Branded Credit Card Distribution; Minimal Impact on Earnings

RBL Bank (RBK) announced that the bank and BAF have mutually agreed to terminate their co-branded credit card partnership.

Motilal Oswal

Bajaj Finance - RBL Co-Branded Credit Card Alliance Ceases: Negligible Earnings Impact

We retain BUY with a TP of INR 8,500, valuing the standalone business at 4.7x FY26E BVPS while assigning INR 1,450/share towards housing subs.

ICICI Securities Limited

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

FINAI: Decoding Bajaj Finance's AI-Powered Strategy for Financial Dominance

​Bajaj Finance is transforming into a "FINAI" company, using AI to drive growth by acquiring new customers, expanding into new markets, and...

Sudarshan Bhandari

Bajaj Finance Ltd - Building a Strong & Sustainable Franchise

BAF unveiled a new long-range strategy for FY25-29 and is reasonably confident. AI integration would drive gains on opex and credit costs.

Sharekhan

Bajaj Finance - Investor Day: Unveils Long-Range Strategy 2025-29

BAF has demonstrated strong growth in the last 17 years, establishing itself as a leader in India’s financial services sector.

Motilal Oswal

Bajaj Finance - Exits Co-Branded Credit Card Distribution; Minimal Impact on Earnings

RBL Bank (RBK) announced that the bank and BAF have mutually agreed to terminate their co-branded credit card partnership.

Motilal Oswal

Bajaj Finance - RBL Co-Branded Credit Card Alliance Ceases: Negligible Earnings Impact

We retain BUY with a TP of INR 8,500, valuing the standalone business at 4.7x FY26E BVPS while assigning INR 1,450/share towards housing subs.

ICICI Securities Limited

Bajaj Finance is transforming into a "FINAI" company, using AI to drive growth by acquiring new customers, expanding into new markets, and...