What we do Maharashtra Scooters Ltd, founded in 1975 and based in Pune, transitioned from scooter manufacturing to a core investment company primarily investing in the Bajaj group. |
Founded in 1,975 |
Market share A key subsidiary of Bajaj Holdings, it holds a dominant investment portfolio within the Bajaj group, focusing on stable returns. |
Problem solved It provides strategic investments and capital management for Bajaj group companies and has ceased unviable manufacturing operations to focus on investment activities. |
Top clients or who we serve Primarily serves as an investment holding entity for Bajaj group companies, indirectly supporting industries like automotive and finance, serving B2B clients. |
Key management Sanjiv Bajaj serves as Chairman and Sanjay Uttekar as CEO, both notable leaders within the Bajaj group ecosystem. |
Our journey and innovations Started with Priya Scooter manufacturing in 1975, expanded capacity till 1990s, later ceased manufacturing by 2025 and transformed into a Core Investment Company. |
Where we operate Operations are primarily in India, with investments focused on Bajaj group entities and expanding into diverse sectors within regional markets. |
Top products or what we offer Current offerings are financial investments and portfolio management. Previously manufactured scooters and automotive dies but shifted to investment focus permanently in 2025. |
Top brands Priya Scooters (legacy brand), now active in investment management under the Bajaj group umbrella with stable dividend payouts. |
Raw materials needed Previously required metal and die-casting inputs for manufacturing; currently, raw materials are irrelevant due to shift to investment operations. |
Raw materials supplier Previously sourced from automotive component suppliers; no raw material suppliers currently due to cessation of manufacturing. |
Recurring vs cyclical contribution Revenues are mostly recurring from investments and dividends within the Bajaj group, replacing cyclical manufacturing revenues. |
Our industry position Leading core investment company within the Bajaj group, focusing on stable financial returns and capital allocation strategies. |
Financial highlights FY2025 total income ₹185.2 crore, profit after tax ₹214.3 crore, with consistent dividend payout policy sustaining growth. |
Geographical revenue split Revenue and investments concentrated in India with Bajaj group operations; no international revenue reported. |
Order book - |
Whats driving growth Growth driven by focused investment portfolio management, dividend income, and divestment from unviable manufacturing boosting profitability. |
Our future plans Maintain and grow investments in Bajaj group companies, optimize portfolio returns, and sustain dividend payouts to shareholders. |
Our green promise Implemented eco-friendly manufacturing processes in the past and now focused on sustainable financial practices and ESG compliance from investments. |
Our people and values Transitioned workforce through voluntary separation; current team focused on investment management emphasizing integrity and financial prudence. |
Key challenges ahead Managing risks tied to market volatility in Bajaj subsidiaries, maintaining investment performance, and adapting to changes in regulatory frameworks. |
Interesting facts Operated India’s first geared scooter 'Priya'; now wholly a core investment company with zero manufacturing operations as of 2025. |
Risks and strategy Market and credit risks managed via stringent governance and diversification within the Bajaj group; strategy focuses on long-term value creation and capital preservation. |
