Rahul Bajaj

Rahul Bajaj


Rahul Bajaj, (born on 10 June 1938), is a Non-Executive Chairman of our Company. He is recognized as one of the most successful business leaders of India.

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He heads the Bajaj Group of Companies which is a leader in a variety of manufactured products and financial services in India and abroad including motorized 2 and 3-wheelers, home appliances, electric lamps, wind energy, special alloy and stainless steel, cranes, forgings, infrastructure development,material handling equipment, travel, general and life insurance and investment, consumer finance & asset management.

He holds an Honours Degree in Economics from Delhi University, a degree in Law from Bombay University and an MBA from Harvard Business School.

He is the Chairman of the Board of many Companies. He was elected to the Upper House of Parliament (Rajya Sabha 2006 - 2010).

Rahul Bajaj has received many prestigious awards and recognitions, notable being the award of 'Padma Bhushan' by the Government of India in 2001, Alumni Achievement Award by the Harvard Business School and Life Time Achievement Awards from Economic Times, Ernst & Young and CNBC TV18. Rahul Bajaj was appointed Knight in the Order of the Legion of Honour by the President of the French Republic.

He has been conferred Honorary Doctorates by 7 Universities including IIT Roorkee.

Rahul Bajaj was the President of Confederation of Indian Industry (CII - 1979-80/1999-2000). He was President of Society of Indian Automobile Manufacturers (SIAM) and Mahratta Chamber of Commerce, Industry and Agriculture (MCCIA) and Chairman of the Development Council for Automobiles and Allied Industries.

Rahul Bajaj was appointed by the Government of India the Chairman (1986-89) of the Government owned domestic carrier, Indian Airlines.

Rahul Bajaj was nominated by the President of India the Chairman of the Board of Governors of the Indian Institute of Technology, Bombay during 2003-06.

He is a Member & former Chairman of the International Business Council of the World Economic Forum, Geneva and a Member of Harvard Business School's Global Advisory Board. He is also a Member of the International Advisory Council of the Brookings Institution, Washington DC and a Member of the Executive Board of Indian School of Business.

Rahul Bajaj spear-heads the CSR initiatives of the Bajaj Group which include Jamnalal Bajaj Foundation and Shiksha Mandal and a number of social organizations including Bharatiya Yuva Shakti Trust and Ruby Hall Clinic, a large hospital in Pune as their Chairman.

Rahul Bajaj has more than 46 years of experience, amongst others, in the auto and financial services sectors. As on 31 March 2015, he holds 18,600 shares in the Company.

1. Bajaj Allianz General Insurance Company Limited
2. Bajaj Allianz Life Insurance Company Limited
3. Bajaj Auto Limited
4. Bajaj Electoral Trust
5. Bajaj Finance Limited
6. Bajaj Finserv Limited
7. Bajaj Holdings & Investment Limited
8. Bhoopati Shikshan Pratisthan
9. Indian School of Business
10.Kamalnayan Investment & Trading Private Limited
11.Mahakalp Arogya Pratisthan
12.Rahul Securities Private Limited
13.Rupa Equities Private Limited


Nanoo Gobindram Pamnani

Vice Chairman

Nanoo Gobindram Pamnani (born February 26, 1945) is an Economics (Honours) graduate from Bombay University and also holds a Bachelor of Science (Economics) degree from London School of Economics (major in Economics and Econometrics).

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Nanoo Gobindram Pamnani

He had a 40-year long stint with Citibank, N.A., where he held many key positions and handled various senior assignments both in India and abroad:

Director for Citibank, N.A., Asia Pacific Group

Based in Singapore, Mr. Pamnani’s focus was primarily on bank acquisitions and establishing new Centres of Excellence for software and business processing across Asia Pacific.

Chief Executive Officer, Citibank, N.A., India

Mr. Pamnani was responsible for Corporate and Investment Banking and Consumer Banking, and additionally was also the Regional Head for India, Sri Lanka, Bangladesh and Nepal.

Non – executive Chairman of Citibank, N.A., India

Vice President, Citibank, N.A., Emerging Markets (Asia, Latin America, Central and Eastern Europe, and Middle East and Africa)

Based in London, as the Director of Operations and Technology for over 70 countries.

Vice President, Citibank, N.A., Asia Pacific Private Banking Group

Mr. Pamnani acted as the Business Head for Private Banking businesses across Asia Pacific, excluding Japan while being based out of Singapore.

Chief Executive Officer, Citibank, N.A.,Philippines

Based in Manila, Mr. Pamnani was involved in the country debt rescheduling process.


Bajaj Finance Ltd. - Vice Chairman
Bajaj Auto Ltd.
Bajaj Finserv Ltd. - Vice Chairman
AIG Global Asset Management Company (India) Pvt. Ltd.
Alchemy Capital Management Private Limited
Alchemy Global Asset Management (India) Pvt. Ltd.
P.N. Writer & Co. Pvt. Ltd.
Writer LifeStyle Private Ltd.

Sanjiv Bajaj

Sanjiv Bajaj

Managing Director

Sanjiv Bajaj (born on November 2, 1969) is B.E. (Mech), first class with distinction (8th on merit list) from the University of Pune, M.Sc (Manufacturing Systems Engg) with distinction from the University of Warwick, UK and MBA from Harvard Business School, USA.

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Sanjiv took charge as Managing Director of Bajaj Finserv Limited in February 2008. Bajaj Finserv operates in the insurance business through Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited, as well as in the lending business through Bajaj Finance Limited. His role includes guiding the current businesses and building new ones in the financial services space.

Besides handling Bajaj Finserv, he is also Vice Chairman of Bajaj Finance Limited and Chairman of Bajaj Allianz Life Insurance Company and Bajaj Allianz General Insurance Company since 2013. He was the Non-Executive Director of Bajaj Allianz Life Insurance Company and Bajaj Allianz General Insurance Company from their inception in 2001 up to March 2013.

He has been the Managing Director of Bajaj Holdings & Investment Limited with effect from April 2012. His role includes building the strategy and team, and guiding this investment company, which has almost Rs. 60,000 crore in cash and investments including over 30% stake in Bajaj Auto and around 40% in Bajaj Finserv

He was a former Executive Director at Bajaj Auto Limited (until March 2012), having headed Finance & Control, legal & international business functions of Bajaj Auto over different periods from 1994 until 2012. He is currently a Non-Executive Director of the company.

Sanjiv has been recognized as Entrepreneur of the year 2017 by Ernst & Young. He has received many recognitions over the year some of them are:

• Ernst & Young – EY Entrepreneur of the Year Award 2017
• India Today – Top 50 Power List 2017-18
• Bombay Management Association (BMA) - Entrepreneur of the Year Award 2015-16
• Business World - India’s Most Valuable CEOs in 2015 & 2016
• Ernst & Young - EY Entrepreneur of the Year Award in Financial Services 2014
• Economic Times Corporate Dossier - India Inc’s top hundred most powerful CEOs in India in 2009
• Business Today magazine - One of the top CFOs of India for 2005

Details of his directorships across all the companies and committee positions in other companies:


Bajaj Allianz General Insurance Company Ltd.
Bajaj Allianz Life Insurance Company Ltd.


Bajaj Finserv Ltd. - Managing Director
Bajaj Finance Ltd. - Vice Chairman
Bajaj Holdings and Investment Ltd. - Managing Director
Bajaj Auto Ltd.
Bajaj Auto Holdings Ltd.
Maharashtra Scooters Ltd.


Bajaj Finserv Ltd.
Bajaj Allianz General Insurance Company Ltd.
Bajaj Allianz Life Insurance Company Ltd.
Bajaj Finance Ltd.
Maharashtra Scooters Ltd.


Madhur Bajaj


Madhur Bajaj (born August 19, 1952) graduated in Commerce from Sydenham College, Bombay, in 1973. He also holds a Masters degree in Business Administration from the International Institute of Management Development (IIMD), Lausanne, Switzerland.

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Madhur Bajaj

He is the recipient of the Vikas Ratan Award from the International Friendship Society of India, for enriching human life and outstanding achievements in the field.

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)


Bajaj Auto Limited
Bajaj Electricals Limited
Bajaj Finance Limited
Bajaj Finserv Limited
Bajaj Holdings & Investment Limited
Emerald Acres Private Limited
Madhur Securities Private Limited
Maharashtra Scooters Limited
Sankalp Resorts Private Limited

Rajiv Bajaj

Rajiv Bajaj


Rajiv Bajaj graduated, with distinction, in Mechanical Engineering, from the University of Pune in 1988. He then went on to complete his Masters in Manufacturing Systems Engineering, again with distinction, from the University of Warwick in 1990.

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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 been on the Board of Bajaj Auto Ltd. since March 5, 2002.

His vision of being one of the world’s leading motorcycle and small commercial vehicle manufacturers is bearing fruit with Bajaj Auto being one of the biggest two and three wheeler manufacturers in the country.


Bajaj Auto Ltd. - Managing Director
Bajaj Holdings and Investment Ltd.
Bajaj Finserv Ltd.
Bajaj Finance Ltd.
Bajaj Auto Holdings Ltd.
KTM Power Sports A G


D.J. Balaji Rao


D. J. Balaji Rao (born December 15, 1939) is a Mechanical Engineer from the University of Madras and holds a Postgraduate Diploma in Industrial Engineering from Bombay University. He attended the Advanced Management Programme at the European Institute of Business Administration (INSEAD) at Fountainbleu, France, in 1990.

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Balaji Rao

D. J. Balaji Rao has served with distinction on the boards of many AAA rated companies, including Ashok Leyland, MICO, Wipro and Bharat Forge.


Managing Director of the Infrastructure Development Finance Company Ltd.
Executive Director of ICICI
Vice Chairman and Managing Director at SCICI Ltd. in April 1996
Consultant to the National Development Bank of Sri Lanka from March-August 1991 for setting up the bank under the World Bank Project
Chief Executive of the Industrial and Technical Consultancy organization of Tamil Nadu from December 1981 to May 1982
Consultant to the Asian Development Bank between June 1985 and May 1986 for conducting a training programme for DFIs in Asia
Nominee of the Industrial Credit and Investment Corporation of India (ICICI) from 1993 to 1996
He has been on the board Bajaj Auto Ltd since April 1996


3M India Ltd.
Ashok Leyland Ltd.
Bajaj Auto Ltd.
Graphite India Ltd.
Bajaj Holdings & Investment Ltd.
Bajaj Finserv Ltd.
Bajaj Finance Ltd.
JSW Energy Ltd.
Hinduja Foundries Ltd.

Dr Gita Piramal

Dr Gita Piramal

Independent Director

Dr. Gita Piramal (born September 4, 1954) is an Entrepreneur and Businesswoman, author and journalist, with a PhD. in business history from Bombay University.

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For two decades, she contributed to several Piramal family companies in India in various positions. She launched a publishing company and a real estate company. In 2012, she retired and gave up board responsibilities and management roles.


Academic Research at University of Oxford

Books: All in top 10 best seller lists on launch - Business Maharajas, Business Legends, Managing Radical Change, World Class in India, India's Industrialists and Business Mantras. Edited Sumantra Ghoshal on Management with Julian Birkinshaw. Chapters in 8 books.

Cases: Five Indian case studies in European Case Clearing House (ECCH). Conducted case writing workshops for leading Indian business schools.

Print: Commissioned and edited over 1,000 articles for The Smart Manager. Over 500 articles for International and Indian publications. Between 1988and 1992, Gita and Christina Lamb the only two women journalists in the field at the UK's Financial Times.

Television: Conceptualized and created content for three best-selling, award-winning programs for CNBC-TV18 ('Trial by Fire', 'Business Legends', 'Lessons in Excellence'). Scripted, edited, and featured or anchored over 100 television documentaries.

Non-profit: Centre for Policy Research (2014-2016) Member, Governing Board

Trade & Industry Associations:
Catalyst, UK Trade & Industry (2011 - )
Member Assocham (2010-2012)
Patron Member CII (2007-2012), Member, National Committee on Design

Educational Institutes: London Business School, (2012- )
Member Global Advisory Board H R College of Commerce & Economics, Mumbai (2004-2012)
Member Advisory Council Piramal Education Trust, Rajasthan (1994-2005)
Trustee Academy of Human Resources Management, Ahmedabad (2004-2012)
Member, Board of Directors Hindi Vidya Bhavan School, Mumbai, (1994-1997 & 1999-2012)
Member of the Governing Board

Others: World Presidents' Organization (2004 - )
Young Presidents' Organization (2001-2004)


Bajaj Finance Ltd.
Bajaj Holdings & Investment Ltd.
Piramal Properties Pvt. Ltd.
Trimode Properties Pvt. Ltd.
Prism Management Consultancy Pvt. Ltd.


Dr. Naushad Forbes


Dr. Naushad Forbes (born on 13 May 1960) 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.

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Forbes Marshall’s deep process knowledge helps their customers save energy, improve product quality, increase process efficiency, and run a clean and safe factory. Market leadership in India and, increasingly, internationally comes from highly trained people and the depth of their knowledge. A close connect with customers enables the design of products that address customer needs around the world. The products are made in a facility that is world-class in scale, aesthetics and work environment. Forbes Marshall has consistently ranked amongst India's Great Places to Work.

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 received his Bachelors, Masters and PhD Degrees from Stanford University.

Dr. Forbes is 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 for 2016 – 17.


Forbes Marshall Private Limited
Bajaj Auto Limited
Forbes Solar Private Limited
J N Marshall Private Limited
Forbes Marshall Arca Private Limited
Krohne Marshall Pvt. Ltd.
Forbes Marshall (Hyd) Private Limited
Forbesvyncke Private Limited
Centre for Technology Innovation and Economic Research


Shri Manish Kejriwal


Manish Kejriwal 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.

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Kedaara Capital partners with entrepreneurs and management teams to build enduring value in growth oriented businesses and support them to achieve higher levels of performance. Kedaara also actively engages with family owned businesses to identify and create carve out plays, which with a focused approach can create a win-win for promoters and Kedaara. They offer solution-oriented capital combining deep strategic & operational expertise in focused sectors, consultative approach and global connectivity to deliver superior returns. The firm enjoys a strategic partnership with Clayton, Dubilier & Rice.

In early 2004, Mr. Kejriwal founded the India office of Temasek Holdings Pte. Ltd., where he headed all its investments and other activities till September 2011. During this time, Temasek invested over US$ 4 billion in India. He was a Senior Managing Director and also held multiple responsibilities in Temasek Singapore. He was a core member of its senior leadership team and a key member of Temasek Holding’s Senior Management Committee (SMC), and its Senior Investment & Divestment Committee (SIDC). At different times in his career, he also led the firm’s global investments in the FIG sector, and its investments in Africa, Middle-East and Russia. Manish brings over 15 years of experience, encompassing the full cycle of experiences in private equity across a variety of industries and sectors in private and public companies, and in other private equity funds.

Prior to Temasek, Manish was a Partner at McKinsey & Company, Inc. and was part of their New York, Cleveland and Mumbai offices. He helped found “The Private Equity Practice” during his years in New York and was instrumental in conceiving and co-authoring the widely followed “NASSCOM McKinsey reports”. Prior to McKinsey, Manish had worked at the World Bank in Washington D.C. and with Goldman Sachs (Principal Investment/Corporate Finance) in HK.

Manish received an AB from Dartmouth College where he graduated Magna Cum Laude with a Major in Economics and Engineering Sciences and where he received the Dean’s Plate. He holds an MBA from Harvard University, where he graduated with high distinction as a Baker Scholar.

Manish is currently a member on the boards of Parksons Packaging, Bajaj and Bharti. Over the years he has been on the boards of various portfolio companies: Temasek Holdings Advisors India, Punj Lloyd, Bharti Infratel, Fullerton Financial Holdings and Fullerton India Credit Company. He is passionate about driving a few select education initiatives reflected by his ongoing involvement in the United World College movement, as a founder trustee at Ashoka University and as a member of the Harvard Alumni Board.

He is an active member of the Young Presidents’ Organization (YPO) and was named a Young Global Leader (YGL) by the World Economic Forum. He was profiled as one of the “25 hottest young executives in India” by Business Today. He has authored various articles on PE in India and has been profiled in various newspapers and periodicals. He is a sought after speaker at numerous conferences in India, Asia and North America.
Manish also serves as a member of the Alternative Investments Policy Advisory Committee, constituted by the Securities & Exchange Board of India (SEBI).


Shri Anami Roy


A N Roy, (born on 15 May 1950), is a distinguished former civil servant, having served in the Indian Police Service in Maharashtra and Government of India for over 38 years.

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He held a wide variety assignment both in Maharashtra and the Central Government including Commissioner of Police, Aurangabad, Pune and Mumbai and retired as Director General of Police, Maharashtra, commanding a 2,25,000 strong Force.

While in Government of India, he headed the operations of the elite Special Protection Group, looking after proximate security of Prime Minister, former Prime Ministers and their families, in which capacity he travelled extensively within India and overseas and interacted with the forces and governments of many foreign countries around the world.

Known popularly as the People's Commissioner, he set up many citizen-friendly schemes and systems to resolve and fulfill people's problems and he was appointed Advisor to the Governor of Andhra Pradesh when the State was under President's rule in 2014. He also dealt with the separation of Andhra Pradesh in two states Andhra Pradesh and Telangana and supervised the General Elections of 2014 in both the states.

Post retirement, Shri Roy is engaged in the social/non-profit sector and runs a not-for-profit company, Vandana Foundation for supporting people at the bottom of the pyramid with livelihood.

He is on the Board of Directors of some prominent companies like Glaxo Pharma, Bajaj Auto Limited and some others. He is also involved in many other companies in an Advisory capacity. He brings with him a wide and rich experience of public service and functioning of governments at the state and central level.