Bajaj Finserv partners IIT Bombay on high-tech scalable solutions

Bajaj Finserv has launched Finserv Intelligence, a group-wide research and innovation initiative focused on artificial intelligence, cybersecurity, quantum technologies and other scalable technology solutions. The programme was developed in partnership with IIT Bombay and positioned as a long-term effort to support applied research in financial services and related sectors.

The company has said the initiative was built around an ecosystem that combines academic collaboration, startup investment and in-house specialist capability. The platform was designed to support research and deployment over a five-to ten-year horizon.

Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv, said, “The next decade of value creation in financial services will belong to those who build technology that powers it. We have chosen to build, and to build in India. With IIT Bombay, we are putting India’s finest scientists and most ambitious founders at the centre of solving problems that matter to a billion-plus Indians.”.

Bajaj Finserv companies have said they will invest ₹ 1,500-2,000 crore ($181 million-$241 million) over five years in early-stage startups, including seed to Series B companies, across AI, cybersecurity, quantum technologies, fintech and consumer technology platforms.

Prof. Shireesh Kedare, Director of IIT Bombay, said, “At IIT Bombay, we believe the true value of research lies in its translation into technologies and solutions that create meaningful, real-world impact. Our collaboration with Bajaj Finserv strengthens the industry-academia partnership required to accelerate innovation and build scalable solutions for the future – especially in the domain of fintech.”

The collaboration has included a joint research centre and a statement of work covering AI, cybersecurity, quantum technologies and the reimagining of physical retail experience.

Finserv Intelligence has set out future areas of focus beyond financial services, including digital financial inclusion, health and climate-related innovation. The initiative was framed as a response to India’s need for stronger private-sector participation in research and development, alongside closer industry-academia links.