Bajaj Finserv Accelerates Innovation With New AI and Deep-Tech Research Programme
On May 28, Bajaj Finserv announced the introduction of "Finserv Intelligence." It is a hub for group-wide applied research and innovation in areas such as digital financial services, quantum technologies, cybersecurity, and artificial intelligence (AI). The move comes as the financial services giant places a strategic wager on developing its own technology in-house.
Using the platform, the company intends to invest between INR 1,500 and 2,000 crore over the next five years in seed and Series B AI-led innovative startups. It has also partnered with IIT Bombay, India, to set up a research centre that would concentrate on new technology. The next ten years will be dominated by those who develop the technology that drives financial services, according to Sanjiv Bajaj, chairman and managing director of Bajaj Finserv.
How Finserv Intelligence Could Help Startups?
This programme is being launched at a time when private investment in R&D in India is still below its worldwide competitors'. The company claims that by uniting research institutions, startups, and in-house experts under one innovation ecosystem, the platform will help close the gap between government priorities, industry, and academia. The platform would provide businesses with more than just funding, according to Rajeev Jain, vice chairman and managing director of Bajaj Finance.
The company's governance frameworks, operational depth, financial discipline, and market expertise are all available to startups through Bajaj Finserv's enterprise ecosystem. The initiative's initial emphasis will be on rethinking in-store experiences through the use of artificial intelligence (AI), cybersecurity, quantum technologies, and the banking, financial services, and insurance (BFSI) industry. Digital financial inclusion, health tech, and climate risk solutions are all areas that the platform is anticipated to grow into in the future.
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Some Key Interesting Facts of
the Story |
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1.The programme focuses on emerging
technologies such as AI, quantum computing, cybersecurity, and digital
financial services. 2.Startups under the platform will gain
access not only to funding, but also to Bajaj Finserv’s governance systems,
operational expertise, and industry network. 3.The initiative aims to bridge the gap
between academia, startups, industry, and government priorities in India’s
innovation ecosystem. |
AI a New Business Destination for Indian Corporates
Increasing interest in artificial intelligence (AI) among Indian corporations and investors is driving the recent boom in AI in India. Innovations in generative AI and machine learning are the main forces behind this boom. Startups have seen an uptick in investment as a result of the rising demand for AI solutions tailored to specific industries. Speculators are scrambling to get in on India's $126 billion artificial intelligence business by 2030.
By 2035, the artificial intelligence sector might add $1.7 trillion to the national GDP. Financially, in the December quarter (Q3 FY26), Bajaj Finserv recorded a net profit of INR 2,229 Cr, which is unchanged from the previous year's figure of INR 2,231 Cr. From INR 32,042 Cr in the same quarter last year to INR 39,708 Cr this quarter, there was a 24% increase in revenue from operations.
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Quick Shots |
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•Bajaj Finserv has launched “Finserv
Intelligence,” a group-wide AI and deep-tech research initiative. • The company plans to invest between INR
1,500 crore and INR 2,000 crore in AI-led startups over the next five years. • The initiative will support seed-stage as
well as Series B startups working in artificial intelligence and advanced
technologies. • Bajaj Finserv has partnered with IIT
Bombay to establish a dedicated deep-tech research centre. |
