Chairman and Managing Director
Sanjiv Bajaj is the Chairman and Managing Director of Bajaj Finserv Limited, the holding company of the financial services businesses of the Bajaj Group, one of India’s oldest and largest conglomerates, with a revenue of over ₹ 36,692 crore ($ 4.4 billion) and profit of over ₹ 2,866 crore ($ 348 million) for H1 FY2022-23.
Under his leadership, Bajaj Finserv Limited has emerged as one of India’s leading diversified financial services companies with solutions across lending, life insurance, general insurance, and wealth advisory categories. With a consumer-first, digital approach and a culture focused on excellence through innovative disruption, he has reshaped digital consumer financing in India.
Sanjiv is on the board of his group operating companies as the Chairman of Bajaj Finance Limited, Maharashtra Scooters Limited, Bajaj Finserv Asset Management Limited, and the two insurance subsidiaries i.e., Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited. He is also the Managing Director of Bajaj Holdings & Investment Limited (since 2012) and serves as a non-executive director at Bajaj Auto Limited.
Sanjiv is the President of the Confederation of Indian Industry (CII) for 2022-23. He has been engaged with the industry body for many years at the State, Regional and National levels and has led the CII National Committees on Insurance & Pensions, and the CII Taskforce on Fintech.
Sanjiv is an alumnus of the Harvard Business School, USA, a Member of the Board of the Indian School of Business (ISB), a Member of the International Advisory Board (IAB), Allianz SE, and the International Technology Advisory Panel (ITAP) of Monetary Authority of Singapore (MAS), and the Regional Stewardship Board for India and South Asia 2019-2020 of the World Economic Forum. Over the years, he has been lauded with several prestigious honours for his contribution to the financial services space, including,
- AIMA’s Entrepreneur of the year 2019
- Economic Times Business Leader of the year 2018
- Financial Express Best Banker of the year 2017
- Ernst & Young Entrepreneur of the year in 2017
- Transformational Leader award at the 5th Asia Business Responsibility Summit in 2017
- Business World’s Most Valuable CEOs in India for 2015 and 2016
He 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 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, Maharashtra with his wife Shefali, and their two children.
Chief Financial Officer
S. Sreenivasan is the President (Finance) and the Chief Financial Officer at Bajaj Finserv Limited. As a key member of the senior executive management team, he oversees the long-term strategic and annual operating plans, capital management, investor relations and corporate governance for the group. Sreenivasan has been the foundational force behind delivering value to Bajaj Finserv’s shareholders.
He has been instrumental in the transformational journey and consistent performance of the insurance subsidiaries - Bajaj Allianz Life Insurance Company Limited (BALIC) and Bajaj Allianz General Insurance Company Limited (BAGIC). He has also been a guiding force for the group wide companies to tide through multiple black swan events, including the COVID-19 pandemic.
With a stellar career of more than 36 years of experience spanning Corporate Strategy, Portfolio Management, Life and General Insurance, Mergers and Acquisitions, Financial systems and board’s operational matters, Sreenivasan is held in high standing across all the group entities and by the industry and regulatory bodies alike. Over the years, he has helped mentor and shape a talent pool of finance professionals to become budding CFOs and financial controllers for the industry.
Aside from his role as the Group CFO, Sreenivasan is a Director on the board of BALIC and BAGIC. He is also the Chairman of Bajaj Financial Securities Limited, a 100 percent subsidiary of Bajaj Finance Limited.
In his earlier stints Sreenivasan has held leadership roles in BAGIC and Bajaj Auto Limited, Greshma Shares and Stocks, Bahrain National Holding Company, Bahrain Insurance Company and Thermax DeVilbiss.
He is a Regular member of the CFA Institute (Virginia, USA), an Associate Member of the Institute of Chartered Accountants of India, and a Graduate Member of the Institute of Cost & Works Accountants of India.
Sreenivasan holds a B.Sc degree in Physics (University topper) from the University of Kerala. He is a qualified Chartered Accountant, Cost Accountant, Chartered Financial Analyst (CFA Institute, Virginia, USA) and an MBA from the IIM, Calcutta.
President - Legal & Taxation
V Rajagopalan is the President of Legal and Taxation at Bajaj Finserv Limited.
Being a part of the group since 2009, he has been spearheading the new business initiatives for the Bajaj Finserv companies in the financial services space.
In his present role, he oversees all the initiatives related to acquisition structuring, treasury, regulatory and legal matters at the corporate level. He also serves on the board of the operating companies of Bajaj Finserv Limited.
V Rajagopalan is a qualified Chartered Accountant, Cost Accountant and Company Secretary with a degree in law.
He is an Associate Member at the Indian Institute of Banking and Finance and a Member of the Institute of Chartered Accountants of India.
President - Insurance
Ranjit Gupta is the President of Insurance at Bajaj Finserv Limited.
He started his career at Bajaj Auto Limited as the General Manager (Co-ordination) in 1988 and later moved on to become the Vice President (Materials) in 1995 and Vice President (Insurance) in 2001.
Ranjit was honoured with a fellowship from the Institution of Engineering & Technology, London, UK. He was later inducted as a member of the Institution of Mechanical Engineers in London, UK.
Chief Executive Officer - Bajaj Finserv Asset Management Limited
Ganesh Mohan is the Chief Executive Officer of Bajaj Finserv Asset Management Limited, the wholly owned subsidiary of Bajaj Finserv Limited. Bajaj Finserv Asset Management, the latest venture from Bajaj Finserv Limited, is aimed at playing a pivotal role in the investment space by offering multiple, innovative funds and investment solutions to help investors achieve their financial goals.
Ganesh joined Bajaj Finserv in 2015 as the Group Head of Strategy. He has been instrumental in leading several key transformational projects for the Group that focused on fostering innovation and building newer capabilities for the companies, including scanning the financial services landscape for future opportunities, both in India and across the globe.
Before joining Bajaj Finserv Limited, Ganesh was a Partner with the Boston Consulting Group and worked with them for 16 years, in the US, Europe, Middle East and India. He was primarily affiliated with the Financial Services and Organization practices.
Ganesh holds a B.Tech (Hons) in Chemical Engineering from IIT Kharagpur and an MBA from IIM Calcutta in Finance and Strategy. In his spare time, Ganesh loves to listen to Indian classical music and go trekking in the mountains with his triplets.
Group Head - Customer Experience & CSR
Ajay Sathe is the Group Head of Customer Experience and CSR at Bajaj Finserv Limited. He has been a veteran at the Bajaj Group of companies with his first stint being at Bajaj Auto Limited in 1997. Post the demerger, in 2007, he moved to Bajaj Finserv Limited.
Ajay is a generalist and has worked across various functions spanning Finance, IT, Business Development, Corporate Strategy and Risk Management.
As the Group Head of Customer Experience, he is working on a unique customer experience framework, based on the principles of cognitive psychology. As the Group Head of CSR, Ajay leads Beyond, the flagship employability initiative of Bajaj Finserv Limited, aimed at helping first-generation graduates from smaller towns and cities, get ready for building a career in the Banking, Financial Services and Insurance industry.
Ajay is known for his ability to bring in customer perspective in strategy discussions.
He is graduate in commerce from the University of Pune. He is a graduate of the Institute of Cost Accountants of India and an Associate Member of the Institute of Chartered Accountants of India. He did his International MBA (Hons) from the European School of Management and Technology (ESMT), Berlin and was a winner of the Academic Performance award for the most outstanding academic performance during the program.
Ajay is a watercolourist and loves sketching and painting. He unwinds by listening to Indian classical music or with a game of badminton.
Managing Director - Bajaj Finance Limited
Rajeev Jain is the Managing Director at Bajaj Finance Limited and a member of the company's executive management team. Charting an ambitious growth trajectory for the company, Rajeev has transformed it from a captive auto finance company to become one of India's largest and highly diversified NBFC companies, catering to the emerging financial needs of consumers.
Rajeev joined Bajaj Finance Limited in 2007 as the Chief Executive Officer and has since been leading the company towards a 'new way of doing business'; by envisaging it as an omnipresent financial services company to enable existing and new customers to engage, transact and be serviced seamlessly - online and offline. An unwavering champion of innovation and disruptive ideas, Rajeev harnessed the power of digital technologies to deliver faster solutions and frictionless experiences for customers amidst a rapidly evolving digital landscape.
An industry veteran with nearly 3 decades of stellar experience in managing diverse consumer lending businesses viz. auto loans, durable loans, personal loans and credit cards, Rajeev has spent a decade and a half with Bajaj Finance Limited, driving long-term, profitable businesses and large-scale digital transformations within the organisation to create long-term value for the shareholders.
Prior to Bajaj Finance, he was associated with GE, American Express and the American International Group (AIG). In his role as the Deputy CEO of the consumer lending business at AIG, Rajeev built the strategic framework for the AIG Consumer business to foray into India, thus creating a holding company and acquiring two non-banking finance companies that helped the organisation establish a strong base in the Indian market. At American Express, he handled diverse roles across various product categories, including credit cards, personal loans, business loans etc. When he left American Express, he was the Head of Personal and Small Business Lending in India.
Rajeev is a management graduate from the T. A Pai Management Institute, Manipal, with a bachelor's degree in Commerce from the American College, Madurai.
MD & CEO - Bajaj Allianz General Insurance Company Limited
Tapan Singhel is the Managing Director and Chief Executive Officer at Bajaj Allianz General Insurance Company Limited. One of the founding members of Bajaj Allianz General Insurance, he has been with the organisation since its inception in 2001 and leads its overall growth strategy.
A veteran in the BFSI sector, Tapan has spearheaded several transformational initiatives in the insurance industry and has been instrumental in setting up and fortifying the bancassurance relationship of the Company in the Asia-Pacific region.
Tapan started his career as a direct officer in 1991 with the New India Assurance Company and has handled diverse portfolios in Accounts, IT, Underwriting, Claims, Marketing and Sales.
Tapan has a master’s in Physics with a specialisation in Lasers and Spectroscopy from the prestigious Banaras Hindu University (BHU). He did his schooling from La Martiniere for Boys, Kolkata and St. Peters, Agra.
MD & CEO - Bajaj Allianz Life Insurance Company Limited
Tarun Chugh is the Managing Director and Chief Executive Officer at Bajaj Allianz Life Insurance Company Limited. He joined the organisation in 2017. Tarun is an elected member of the Life Insurance Council - Executive Committee.
A seasoned industry veteran, he has over 23 years of experience in the financial services space, including over 13 years of experience in the life insurance sector. In his multiple leadership roles, Tarun has a proven track record of building relationships and trust with various stakeholders.
Tarun is a familiar figure in the Indian life insurance sector, having headed general management and strategic roles as the Managing Director and Chief Executive Officer at PNB Metlife India Life Insurance Company. He served as the Chief Distribution Officer and supervised branch operations and marketing in ICICI Prudential Life Insurance. He has also worked as an Investment Banker for around 12 years before joining the Insurance sector.
Tarun is a graduate with a degree in engineering from IIT Delhi and completed his Post-graduation in Management from IIM, Lucknow, in 1994. Besides, being an avid reader, he enjoys travelling and playing tennis.
President - Group Risk, Assurance & Human Resources
Anish Amin is the President and head of the overall functions of Risk, Assurance, M&A and Human Resources at Bajaj Finserv Limited. He joined the organisation in 2019 to oversee the assurance and risk function and later took up the Group’s HR function as an additional portfolio to his present responsibilities.
As the Group Head of Assurance and Risk, Anish oversees the risk management process of identifying potential risks that could lead to a capital call or affect the brand's reputation. Additionally, he leads a team of experts to evaluate and oversee the M&A opportunities and proposals that the Company may encounter.
He is a fellow member of the Institute of Chartered Accountants of India. Prior to joining Bajaj Finserv Limited, Anish was a senior partner at Dalal &Shah (a member of the PwC International Network). He was also a partner in the Assurance Practice at Pricewaterhouse, India and led wide-ranging businesses, including manufacturing, trading, finance and insurance. He was also their sectoral leader in the insurance industry.
In a career spanning over three decades of wide-ranging industry experience and a proven track record in risk management, compliance with accounting standards, company law matters and general regulatory frameworks, Anish leads the task force in driving the Group's commitment towards identification and mitigation of emerging risks.
Purav A Jhaveri
President - Investments
Purav Jhaveri is the President of Investments at Bajaj Finserv Limited. He joined the organisation in 2020 and has been responsible for overseeing the Investment teams across the group and serves on various Investment Committees.
Purav is responsible for the Investment Process development and enhancements. He has been working on integrating ESG into the Investment Process and mentoring talent to ensure the achievement of Investment objectives and best-in-class Investment performance.
Before joining Bajaj Finserv, Purav was a Managing Director of Investment Strategy and Portfolio Manager with Franklin Templeton Investments, USA and handled Investment teams across sixteen countries. An investment industry veteran since 1994, Purav also managed a global equity fund and an actively managed International ETF.
Purav has an MBA from The Wharton School of the University of Pennsylvania. He earned his Master’s in Management from NMIMS, University of Bombay.
He is a Chartered Financial Analyst (CFA) charter-holder and has a Financial Risk Manager (FRM) certification from the Global Association of Risk Professionals. Purav is a member of the CII National Committee on Financial Markets.
Chief Executive Officer - Bajaj Finserv Health Limited & Group Head, Strategy - Bajaj Finserv Limited
Devang Mody joined Bajaj Finance in 2008 and moved on to lead Bajaj Finserv Health – a health-tech company, in 2019. From the company's most popular credit offering - 0% EMI loans for Consumer goods and other segments to its EMI cards, Devang has led several key digital initiatives at Bajaj Finserv. As the CEO of Bajaj Finserv Health, he created the 'Aarogya Care' – a unique healthcare product covering Health Insurance, OPD, Labs, Loyalty and Application benefits. Devang is passionate about solving real-life problems at scale and believes that technology is the enabler in making this a reality at a much lower cost. He says, "If passionate people are guided to achieve objectives, which can impact society positively, a scalable business model can be created."
Devang is a Wharton alumnus and a Chartered Accountant. Before working with Bajaj Finserv, he was associated with General Electric Money, where he held varied roles spanning six sigma, cross-sell, product management and business development. He was also involved in Business process Re-engineering for Petrochemical, Cement, and Software services customers at Ernst & Young.
Chief Executive Officer - Bajaj Finserv Direct Limited
Ashish Panchal is the Chief Executive Officer of Bajaj Finserv Direct Limited (BFDL), a one-stop digital marketplace company, providing financial services products like loans, insurance, mutual funds, investments, payments and select e-commerce to consumers.
A seasoned retail banking and payments business professional, Ashish has over 23 years of experience in strategic roles across various business verticals. He has been a part of the Bajaj Finserv group of companies for the last 11 years. Before assuming his role as the CEO of BFDL, he served as the President of Rural Business, Investment Business, Insurance Business & Corporate Strategy at Bajaj Finance Limited.
Over the years, Ashish has successfully managed start-up businesses and high growth, high scale businesses, that have withstood various economic cycles, to lead them to grow in scale and profitability. He leverages his strong people management skills to drive innovative, customer-centric solutions to business problems.
Prior to joining Bajaj Finance Limited, Ashish helmed leadership positions at Citibank and Barclays.
Ashish is an alumnus of the Harvard Business School (AMP, '21) and completed his master’s degree in Management Studies from the Jamnalal Bajaj Institute of Management Studies.