Bajaj Finance Limited has made changes in its top management. In its meeting held on 20 March, the company's board approved the appointment of Rajiv Jain as the company's vice chairman in the capacity of executive director. His tenure in this role will begin from April 1, 2025 and will last for the next 3 years. Jain's term as the company's managing director ends on March 31, 2025. Apart from this, the board has also approved the appointment of Anup Kumar Saha, currently deputy managing director of Bajaj Finance, as managing director from April 1, 2025.
Saha's current term ends on March 31, 2028. He will hold the position of the company's managing director for the rest of his term. Both these proposals are yet to be approved by the shareholders.
Rajiv Jain has been with Bajaj Finance since 2007
Rajiv Jain has been with Bajaj Finance since 2007 and became the Managing Director of the company in 2015. He has played a key role in transforming the company from a single product auto financier to a diversified financial services powerhouse. Under his leadership, Bajaj Finance expanded its offerings across loans, payments and investments, leveraging technology and digital innovations to become a market leader. Jain has nearly 30 years of experience in consumer lending.
Anup Kumar Saha joined Bajaj Finance in 2017. He has over 32 years of experience in financial services, including 14 years in banking and 11 years in non-bank entities. Over the years, he has played a key role in business performance, strategic execution and organizational transformation. As Managing Director, Saha will focus on expanding Bajaj Finance's digital ecosystem, increasing operational efficiency and strengthening its leadership in diverse financial products.
Bajaj Finance stock closed in red
On March 20, Bajaj Finance's stock closed at Rs 8679.80 on BSE, down 0.66 percent. The company's market cap has reached Rs 5.38 lakh crore. The stock has strengthened by 25 percent so far in the year 2025. Promoters held 54.70 percent stake in the company by the end of December 2024.
