How Bajaj Auto shaped Sanjiv Bajaj’s entrepreneurial journey – CNBC TV18

Sanjiv Bajaj, Chairman and Managing Director of Bajaj Finserv, attributed a lot of his success in constructing one in all India’s largest non-banking monetary firms (NBFCs) to his early years at Bajaj Auto. His expertise on the household’s flagship two-wheeler firm laid the groundwork for his transition into monetary companies, equipping him with the strategic imaginative and prescient and operational experience that might later assist rework Bajaj Finserv right into a monetary powerhouse.

Earlier than venturing into monetary companies, Sanjiv Bajaj spent over a decade at Bajaj Auto, studying the intricacies of managing a big-scale enterprise. His tenure at Bajaj Auto gave him fingers-on expertise in operations, technique, and market enlargement. Regardless of the safety of working in a longtime enterprise, he was drawn to the entrepreneurial problem of constructing one thing new.

Talking on the Lokmat Maharashtrian of the Yr Awards 2025, Bajaj mentioned, “After I moved from Bajaj Auto in 2007 with a small workforce to construct Bajaj Finserv, our market cap was nearly ₹2,000 crore. At the moment, it has grown over 400 instances.”

The choice to go away Bajaj Auto and tackle the monetary companies division was not a straightforward one. Bajaj mentioned that the household enterprise supplied a cushion, however the journey required a startup mentality. “We weren’t within the limelight, so we may afford to fail a number of instances and take our time to construct the enterprise,” he mentioned. This freedom allowed him to experiment, study, and pivot as wanted.

Furthermore, Bajaj credit his youth for shaping his values. Not like a lot of his friends who studied overseas, he attended native faculties in Pune, reinforcing a powerful connection to actual India. “Values will not be taught by phrases, however by instance,” he emphasised, underscoring the function of household and early experiences in shaping his management philosophy.

In 2007, following the demerger of Bajaj Auto, Sanjiv took cost because the Managing Director of Bajaj Finserv. Beneath his stewardship, Bajaj Finserv remodeled into vital participant within the monetary companies sector, providing insurance coverage, lending, and funding merchandise. The corporate is value about ₹2.94 lakh crore, and its inventory is buying and selling at ₹1,847.25 on the NSE and ₹1,839.65 on the BSE.

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