Bajaj finance limited Has changed its top management. At the March 20 meeting of the company, the board of the company approved the appointment of Rajiv Jain as the vice chairman of the company in the capacity of executive director. His term in this role will start from April 1, 2025 and will last for the next 3 years. Jain’s term as the managing director of the company ends on 31 March 2025. Apart from this, the board has also approved the current deputy managing director Anoop Kumar Saha in Bajaj Finance from 1 April 2025.
Saha’s current term ends on 31 March 2028. He will take over the position of the managing director of the company during the rest of his tenure. The approval of shareholders is yet to be taken on both these proposals.
Rajiv Jain is 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 an important role in converting the company into a diversified financial services powerhouse from a single product auto financer. Under his leadership, Bajaj Finance expanded his offers in loans, payment and investment, taking advantage of technology and digital innovations to become a leader in the market. Jain has about 30 years of experience in consumer lending.
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Anoop Kumar Saha was associated with Bajaj Finance in the year 2017. He has an experience of over 32 years in financial services, including 14 years in banking and 11 years spent in non-bank entities. Over the years, he has played an important role in business performance, strategic execution and organizational transformation. As a managing director, Saha will focus on expanding the digital ecosystem of Bajaj Finance, increasing operational efficiency and strengthening his leadership in divers financial products.
Bajaj finance Shares of red mark
On March 20, Bajaj Finance shares closed down 0.66 percent to close at Rs 8679.80. The company’s market cap has been Rs 5.38 lakh crore. In the year 2025, the stock has strengthened 25 percent so far. The company had a 54.70 percent stake in the company till the end of December 2024.