Bajaj Finserv launches new US technology subsidiary

Bajaj Finserv Limited, through its subsidiary Bajaj Finserv Direct Limited (BFS-D), has incorporated "Bajaj Technology Services Inc." (BTS Inc.) in Delaware, USA. This new entity will function as a wholly owned step-down subsidiary of Bajaj Finserv, effective August 19, 2025. BTS Inc. has been formed with the primary objective of offering technology services to clients in the USA.

BFS-D will subscribe to the entire share capital of BTS Inc., amounting to $1,000, representing 100% ownership. This initial subscription does not qualify as a related party transaction. The incorporation has been approved by the Secretary of State of Delaware, Division of Corporation, USA.

The new subsidiary's establishment is a strategic move to expand Bajaj Finserv's reach in the technology services sector. As a newly incorporated company, BTS Inc. currently has no turnover, and its operations will focus exclusively on providing technology services.