BOARD OF DIRECTORS
Chairman and Managing Director
Sanjiv Bajaj is the Chairman and Managing Director of Bajaj Finserv Limited, the holding group company for all the financial service businesses of the Bajaj Group, which is one of the oldest and largest conglomerates of India. Bajaj Finserv consisting of lending and insurance companies has annual revenues of over $ 9.18 billion for FY22.
Under his leadership, Bajaj Finserv has emerged as one of India’s leading diversified financial services companies with solutions across lending, life insurance, general insurance, and wealth advisory category. With a consumer-first, digital approach and a culture focused on excellence through innovative disruption, Sanjiv is known for pioneering digital consumer financing in India which helped transform the entire landscape of the financial services space.
He is the President of the Confederation of Indian Industry (CII) for 2022-23. Sanjiv has been engaged with CII for many years at the State, Regional and National level. He was the President-Designate of CII for 2021-22 and the Chairman of the Western Region during 2019-20. He has led CII National Committees on Insurance & Pensions and CII Taskforce on Fintech. He is an alumnus of the Harvard Business School, USA and a Member of the Board of Indian School of Business (ISB), Member of the International Advisory Board (IAB), Allianz SE and the International Technology Advisory Panel (ITAP) of Monetary Authority of Singapore (MAS) and Regional Stewardship Board for India and South Asia 2019-2020 of the World Economic Forum. He has several awards to his credit including AIMA’s Managing India Award’s Entrepreneur of the year 2019, ET’s Business Leader of the year 2018, Financial Express’ Best Banker of the year 2017-18, Ernst & Young’s Entrepreneur of the year in 2017 and Transformational Leader award at the 5th Asia Business Responsibility Summit in 2017. He is also a recipient of the Business World’s Most Valuable CEOs in India for 2015 & 2016.
Sanjiv is on the board of his group operating companies as the Chairman of Bajaj Finance Ltd., Maharashtra Scooters Ltd., Bajaj Finserv Asset Management Limited and the two insurance subsidiaries i.e. Bajaj Allianz Life Insurance Company Ltd., and Bajaj Allianz General Insurance Company Ltd. Since 2012, he is the Managing Director of Bajaj Holdings & Investment Ltd. He is the former Executive Director of Bajaj Auto Ltd., and presently its non-executive director.
Sanjiv has a bachelor’s degree in mechanical engineering (first class with distinction) from the University of Pune, a master’s degree in manufacturing systems engineering with a distinction from the University of Warwick, UK and a master’s degree in business administration (with distinction) from the Harvard Business School, USA. He lives in Pune, with his wife Shefali and their two children.
Madhur Bajaj is the Non-Executive Vice-Chairman of Bajaj Auto Limited, recently declared the world's most valuable two-wheeler company. He is also involved with other Bajaj group companies (Bajaj Finance Ltd, Bajaj Finserv, Bajaj Electricals Ltd., BHIL) as a director on the Board. Madhur is an alumnus of Doon School, Dehra Dun. After obtaining his B.Com Degree from Sydenham College, Bombay, in 1973, he did his MBA at the International Institute of Management Development (IMD), Lausanne, Switzerland, in 1979.
Madhur is the recipient of the 'Vikas Rattan' Award from the International Friendship Society of India for enriching human life and outstanding achievements. His greatest joy and contribution in the domain of business has been in Aurangabad from 1983 to 1993. While setting up the Bajaj Auto plant, Madhur developed a high standard social infrastructure and his colleagues. This included the Kamalnayan Bajaj Hospital, Nath Valley School, showcasing Aurangabad via Maha Expo and organising various cultural events through Kalasagar. This enabled high calibre executives to be willing to settle down in Aurangabad. Madhur has been the Past President of the Chamber of Marathwada Industries and Agriculture, Mahratta Chamber of Commerce, Industries and Agriculture, the apex chamber of Pune, Society of Indian Automobile Manufacturers & Confederation of Indian Industry (Western Region). He is the current National Council Member of the Confederation of Indian Industry (CII).
Madhur Bajaj has held various positions, the most prominent being,
- President of SIAM, the apex association of Indian automobile manufacturers
- President of Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA), the apex Industries Association of Pune
- Chairman, Western Region, CII
- Currently, he is the National Council Member of Confederation of Indian Industry (CII)
Rajivnayan Rahulkumar Bajaj is the Managing Director of Bajaj Auto Ltd. Rajiv graduated with a distinction in Mechanical Engineering from the University of Pune in 1988. He then completed his Master's in Manufacturing Systems Engineering with distinction from the University of Warwick in 1991.
He has since worked at Bajaj Auto in the areas of Manufacturing & Supply Chain (1990-95), R&D and Engineering (1995-2000), and Marketing and Sales (2000-2005) and has been the Managing Director of Bajaj Auto Ltd., since April 2005. He has won several awards and recognition from various prestigious bodies and institutions for business leadership, entrepreneurship and innovation. He has been on the Board of Bajaj Auto Ltd. since 5th March 2002.
His vision of being one of the world's leading motorcycle and small commercial vehicle manufacturers are bearing fruit with Bajaj Auto Ltd., one of the country's largest two and three-wheeler manufacturers.
D J Balaji Rao
D J Balaji Rao is an independent director at Bajaj Finserv Ltd. He holds a B.E. in Mechanical Engineering from the University of Madras and is an Associate Member of the Indian Institution of Industrial Engineering (AMIIIE). He attended the advanced management programme at the European Institute of Business Administration (INSEAD) at Fountainbleu, France, in 1990.
He pursued his career as an Industrial Engineer for about 8 years before joining erstwhile ICICI Ltd. (Since its merger with ICICI Ban Ltd.) in 1970. After wide-ranging responsibilities in different locations, he reached the position of Deputy Managing Director. He subsequently took over as the Vice Chairman and Managing Director of SCICI Ltd. in August 1996. With the merger of SCICI Ltd. with ICICI Ltd., he moved to Infrastructure Development Finance Co. Ltd. (IDFC) as its first Managing Director. He served till his superannuation in January 2000. He has served as the Non-Executive Chairman of 3M India Ltd. between 2008 and 2014. He is on the boards of many leading companies, including Bajaj Auto Ltd., Bajaj Finance Ltd. and CMI FPE Ltd.
Dr. Naushad Forbes
Dr. Naushad Forbes is an independent director at Bajaj Finserv Ltd. He received his Bachelor's, Master's and PhD Degrees from Stanford University. He is the co-chairman of Forbes Marshall, India's leading Steam Engineering and Control Instrumentation firm. He chairs the Steam Engineering Companies within the group. Dr. Forbes was an occasional lecturer and consulting professor at Stanford University from 1987 to 2004, where he developed courses on Technology in Newly Industrializing Countries. He is also on the Board of several educational institutions and public companies.
Dr. Forbes has long been an active member of CII and has chaired the National Committees on Higher Education, Innovation, Technology and International Business. Dr. Forbes was President of CII from 2016 to 17.
Anami Roy is an independent director at Bajaj Finserv Ltd. He is a distinguished former civil servant, having served in the Indian Police Service in Maharashtra and the Government of India for over 38 years. Known popularly as the People's Commissioner, he set up many citizen-friendly schemes. He started the Mumbai Police Infoline for giving all information from and about Police through a toll-free number, Elderline for senior citizens, Slum Police Panchayat etc. He retired as the Director-General of Police, Maharashtra, commanding a 2,25,000 strong Force. He headed the elite Special Protection Group operations, looking after the proximate security of the Prime Minister, former prime ministers, and their families. He was appointed Advisor to the Governor of Andhra Pradesh when the State was under President's rule in 2014. As a Director General Police, he also facilitated the reorganisation of the states of Andhra Pradesh and Telangana and supervised the General Elections of 2014 in both states. Post-retirement, Roy is engaged in the social and non-profit sector and runs a not-for-profit company, Vandana Foundation, to support people at the bottom of the pyramid with livelihood.
He is on the Board of Directors of some prominent companies like HDFC Bank, Glaxo Pharma, BHEL and Bajaj Auto. He brings with him a rich-blended experience of public service, functioning of governments at the state and central level and the corporate world.
Manish Kejriwal is a director at Bajaj Finserv Ltd. He is the Managing Partner of Kedaara Capital, a private equity investment fund focused on India. The firm's investors include endowments, private and public pension funds, sovereign wealth funds and global family offices.
Manish received an A.B. from Dartmouth College, where he graduated Magna Cum Laude with a Major in Economics and Engineering Sciences and received the Dean's Plate. He holds an MBA from Harvard University, where he graduated with high distinction as a Baker Scholar.
In early 2004, Kejriwal founded the India office of Temasek Holdings Pvt. Ltd., where he headed all its investments and other activities till September 2011. Manish brings over 15 years of experience, encompassing the full cycle of private equity experiences across various industries and sectors in private and public companies and other private equity funds.
Before Temasek, Manish was a Partner at McKinsey & Company, Inc. and was part of their New York, Cleveland and Mumbai offices. Before McKinsey, Manish worked at the World Bank in Washington D.C. and Goldman Sachs (Principal Investment/Corporate Finance) in Hong Kong.
Over the years he has been on the boards of various portfolio companies
- Temasek Holdings Advisors India
- Punj Lloy
- Bharti Infratel
- Fullerton Financial Holdings
- Fullerton India Credit Company
Manish also serves as a member of the Alternative Investments Policy Advisory Committee, constituted by the Securities & Exchange Board of India (SEBI).
Radhika Haribhakti has over 30 years of experience in Commercial and Investment Banking with Bank of America, JM Morgan Stanley and DSP Merrill Lynch. She has advised several large corporates and led their Equity and Debt offerings in domestic as well as international capital markets. She now heads RH Financial, a boutique Advisory Firm focused on M&A and Private Equity.
She is on the Boards of Directors of ICRA Limited, EIH Associated Hotels Limited, Navin Fluorine International Limited, Pipeline Infrastructure Limited, Rain Industries Limited and Torrent Power
Limited. At these companies, she is a member of several board committees, including some which she chairs.
Ms. Haribhakti has also been closely associated with issues of women empowerment and financial inclusion and has served on the Boards of non profits for over 18 years, including 12 years as Chairperson. She is the former Chair of Friends of Women’s World Banking (FWWB) and Swadhaar Finaccess, both non profits engaged in providing financial solutions to women in economically disadvantaged communities. She has also served on the Governing Council of Citigroup Micro Enterprise Award and CII’s National Committee on Women Empowerment.
Ms. Haribhakti is a graduate in Commerce from Gujarat University and a Post Graduate in Management from the Indian Institute of Management (IIM), Ahmedabad.
Pramit Jhaveri presently acts as an advisor and mentor to startups and corporates and family offices. He is an advisor - Premji Invest and Senior Advisor - PJT Partners. Before his current activities and Pramit, and was Vice-Chairman - Banking, AsiaPacific Citi. He served as Chief Executive Officer of Citibank India from 2010 to 2019. He retired from Citibank in November 2019 after a distinguished career in banking of 32 years, having joined the firm as a 23-year-old in 1987.
Pramit serves as a Trustee on the boards of several philanthropic, non-profit entities in India. These include the Tata Trust, which is amongst India's oldest and most pre-eminent philanthropic institutions; Pratham Education Foundation, an NGO dedicated to the quality education of underprivileged children; India Foundation for the Arts, a grant-making organisation supporting practice, research and education in the arts; and the World Monuments Fund India, an organisation involved in conserving and preserving India's architectural heritage.
Pramit has a Bachelor of Commerce degree from Sydenham College, Mumbai University and an MBA from the Simon School of Business, University of Rochester. He is an avid tennis player, a keen follower of cricket and soccer and a long-standing collector of Indian contemporary art.