Bajaj Finance elevates Rajeev Jain to vice chairman; Anup Saha named MD – CNBC TV18

Bajaj Finance Ltd on Thursday (March 20) mentioned it has introduced key management adjustments, with Rajeev Jain appointed as vice chairman within the capability of an government director for a 3-yr time period beginning April 1, 2025.

Anup Kumar Saha, presently the deputy managing director, has been re-designated as managing director for the rest of his tenure till March 31, 2028. The appointments have been permitted by the corporate’s board of administrators and are topic to shareholder approval.

Jain, who has been with Bajaj Finance since 2007 and took over as managing director in 2015, has been instrumental in remodeling the corporate from a single-product auto financier right into a diversified monetary providers powerhouse.

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Below his management, Bajaj Finance expanded its choices throughout loans, funds, and investments, leveraging know-how and digital improvements to turn into a market chief.

With practically three a long time of expertise in shopper lending, Jain has performed a key function in bringing tens of millions of new-to-credit clients into the formal monetary system. His deal with enterprise sustainability and huge-scale digital transformation has helped Bajaj Finance drive lengthy-time period stakeholder worth and keep strong development in an evolving monetary panorama.

Saha, who joined Bajaj Finance in 2017, brings over 32 years of expertise in monetary providers, together with 14 years in banking and 11 years in non-financial institution entities. Through the years, he has performed a key function in enterprise efficiency, strategic execution, and organisational transformation.

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As managing director, Saha will deal with increasing Bajaj Finance’s digital ecosystem, enhancing operational efficiencies, and strengthening its management throughout numerous monetary merchandise. With a buyer base of over 97 million, Bajaj Finance continues to develop its footprint throughout 4,200+ areas and drive engagement by way of its 67 million customers on the Client app.

Shares of Bajaj Finance Ltd ended at ₹8,679.80, down by ₹57.35, or 0.66%, on the BSE.