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.

More +

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).

More +

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

Managing Director

Sanjiv Bajaj (born November 2, 1969) graduated with distinction in Mechanical Engineering from the University of Pune. He then completed his Masters in Manufacturing Systems Engineering from the University of Warwick, UK and subsequently went on to complete his MBA from Harvard Business School.

More +

Sanjiv took charge as the Managing Director of Bajaj Finserv in 2008. Bajaj Finserv operates in the Insurance business through Bajaj Allianz Life Insurance Co. Ltd. and Bajaj Allianz General Insurance Limited, and in the consumer lending business through Bajaj Finance Limited. His role includes guiding the current businesses and building new ones in the financial servicessector. Besides handling Bajaj Finserv as the MD, he is also:

Non - Executive Director of Bajaj Holdings and Investment Ltd. His role includes building strategy and team, and guiding this investment company which has approximately USD 1 billion in cash and investments. The company holds over 30% stake in Bajaj Auto and Bajaj
Executive Director, Head of Finance & Control and Legal functions at Bajaj Auto Ltd.
Head of International Business from April 2004 to September 2007 at Bajaj Auto Ltd. Grew the international sales of the company’s products from approx. 150,000 vehicles and USD 175 million in 2003-04 to almost 450,000 vehicles and USD 375 million in 2006-07.
Sanjiv Bajaj was awarded the Business Today Magazine’s Best CFOs Awards 2005 as one of the top CFOs of India for 2005.


Bajaj Auto Ltd. - Non - Executive Director
Bajaj Finserv Ltd. - Managing Director
Bajaj Holdings and Investment Ltd.
Bajaj Allianz General Insurance Co. Ltd.
Bajaj Allianz Life Insurance Co. 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.

More +

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 Ltd.
Bajaj Finserv Ltd.
Bajaj Holdings & Investments Ltd.
Bajaj Electricals Ltd.
Bajaj Finance Ltd.
Maharashtra Scooters Limited.-Chairman


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.

More +

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.

More +

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

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.

More +

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.

More +

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