Bajaj Holdings & Investment Ltd

acts as a holding company, primarily owning shares of Bajaj Auto and Bajaj Finserv, providing it with a stable, growing stream of dividends. The company’s asset-light model and minimal operational risk allow it to consistently generate strong cash flows and maintain high ROE. Bajaj Holdings is well regarded for its low debt, prudent capital allocation, and excellent corporate governance. Risks include its fortunes being closely tied to the operating performance and valuation of group companies rather than standalone operations.