Bajaj Housing Finance in Mumbai Aspires to Become the Future HDFC with Strategic IPO Launch

In Mumbai, Bajaj Finserv chairman Sanjiv Bajaj indicated his ambition for Bajaj Housing Finance to evolve into the "HDFC of the future." He noted that this opportunity emerged after the mortgage giant exited the space following a reverse merger with its banking subsidiary.

IPO to Drive Compliance and Expansion

Bajaj Housing Finance was expected to launch its Rs 6,560 crore initial public offering the following week. This initiative aimed to comply with the RBI’s listing mandate and to scale up the housing finance division. Of the total issue, Rs 3,560 crore was designated as fresh capital to fund growth. Sanjiv Bajaj emphasized that the objective was to capitalize on the expanding market by introducing the same level of capabilities that Bajaj Finserv had successfully implemented, rather than merely replicating HDFC’s previous model.

Comprehensive Mortgage Operations for Balanced Growth

He further explained that Bajaj Housing Finance operates as a full-fledged mortgage company, managing everything from retail and affordable home loans to developer financing and lease rental discounting. This holistic approach was designed to balance growth, profitability, and risk while maintaining high asset quality and attracting quality liabilities.

Regulatory Compliance and Future Listings

Bajaj Housing Finance had submitted its draft prospectus to the markets regulator in June. The company was classified as an upper-layer NBFC, which necessitated its listing on the stock market by September 2025.

Technological Edge in Home Loan Services

Atul Jain, Managing Director of Bajaj Housing Finance, highlighted that one of the company’s key differentiators was its status as a tech-enabled home loan provider focused on process efficiency and customer convenience.

He stated that the company strives to maximize digital processes and believed they were ahead of competitors in areas such as legal report interfaces, title search reports, and customer sanction letter acceptance.