Rahul Bajaj

Rahul Bajaj

Chairman

Rahul Bajaj, born on 10 June 1938, is the Non-Executive Chairman of our Company. He is recognised as one of the most successful business leaders of India. 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 motorised two and three-wheelers, home appliances, electric lamps, wind energy, special alloy and stainless steel, material handling equipment, travel, general and life insurance and investment and consumer finance.

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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).

He has received many prestigious awards and recognitions, notably the ‘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 and Young and CNBC TV18. He was appointed Knight in the Order of the Legion of Honour by the President of the French Republic.

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

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

He has been conferred Honorary Doctorates by six Universities including IIT, Roorkee. He was the President of Confederation of Indian Industry (CII-1979-80/1999-2000), Society of Indian Automobile Manufacturers (SIAM), Mahratta Chamber of Commerce, Industry and Agriculture (MCCIA) and Chairman of the Development Council for Automobiles and Allied Industries.

He is a Member and former Chairman of the International Business Council of the World Economic Forum, Geneva and a Member of Harvard Business School’s Global Advisory Board and the International Advisory Committee of NYSE Euronext. He has been 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.

He spearheads the CSR initiatives of the Bajaj Group through Jamnalal Bajaj Foundation, Jankidevi Bajaj Gram Vikas Sanstha and Shiksha Mandal and a number of social organisations including Bharatiya Yuva Shakti Trust and Ruby Hall Clinic, a large hospital in Pune.

He has been associated with the Company as its Chairman since inception.
 

His major directorships are as under:

Major directorships:
1. Bajaj Auto Ltd.
2. Bajaj Allianz General Insurance Company Ltd.
3. Bajaj Allianz Life Insurance Company Ltd.
4. Bajaj Finance Ltd.

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Nanoo Gobindram Pamnani

Vice Chairman and Independent Director

Nanoo Pamnani, born on 26 February 1945, is a Non-executive Vice Chairman and Independent Director of our Company. He is B.A. (Hons.) from Bombay University (stood first in the University in Economic Major) and B.Sc. (Economics) from London School of Economics (Majored in Economics and Econometrics). He is on the boards of many leading companies. In his career spanning over 40-years, he has held many key positions and handled a range of senior assignments both in India and abroad, which include the following:

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Nanoo Gobindram Pamnani

  • Director for Citibank N.A., Asia Pacific Group, based in Singapore
  • Non-Executive Chairman of Citibank, N.A., India
  • Chief Executive Officer, Citibank, N.A., India
  • Sector Executive, Citibank, N.A., Emerging Markets, (Asia, Latin America, Central and Eastern Europe and Middle East and Africa) based in London
  • Division Executive, Citibank, N.A., Asia Pacific Private Banking Group, based in Singapore
  • Chief Executive Officer, Citibank, N.A., Philippines, based in Manila

His major directorships are as under:
1. Bajaj Allianz General Insurance Company Ltd.
2. Bajaj Allianz Life Insurance Company Ltd.
3. Bajaj Auto Ltd.
4. Bajaj Finance Ltd.
5. Bajaj Finserv Ltd.
6. Bajaj Holdings & Investment Ltd.
7. Bajaj Housing Finance Ltd.

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Sanjiv Bajaj

Sanjiv Bajaj

Vice Chairman

Sanjiv Bajaj, born on 2 November 1969, is the Non-Executive Vice- Chairman of our Company. He is B.E. (Mech), first class with distinction 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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Since 20.2.2008, he is the Managing Director of Bajaj Finserv Limited. 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

Since 15.10.2013, he is the Vice Chairman of Bajaj Finance Limited

Chairman of Bajaj Allianz Life Insurance Company and Bajaj Allianz General Insurance Company with effect from 01-04-2013. Was a Non-Executive Director of these two companies from their inception in 2001 up to 31 March 2013

Managing Director of Bajaj Holdings & Investment Limited with effect from 01-04-2012 (earlier its Non-Executive Director). 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

Non-Executive Director of Bajaj Auto Limited
 

Memberships:
✓ International Advisory Board (IAB), Allianz SE
✓ International Technology Advisory Panel (ITAP) of Monetary Authority of Singapore (MAS).
✓ Sanjiv Bajaj was elected as Chairman of Western Region of CII (Confederation of Indian Industry
✓ Member of the Insurance Advisory Committee of IRDAI since Aug 2019
✓ Member of Regional Stewardship Board for India and South Asia 2019-2020 of World Economic Forum
 

Awards:
✓ Financial Express Best banks Award: Banker of the year 2019
✓ All India Management Association (AIMA) Managing India Awards – Entrepreneur of the Year award 2019
✓ Economic Times – Business Leader of the year India 2018, the most prestigious business awards in India.
✓ Asian Centre’s Leadership, Corporate Governance, Sustainability & CSR Awards - Transformational Leader Award (Large Cap Category) 2018
✓ Ernst & Young - EY Entrepreneur of the Year, India 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
 

His major directorships are as under:
1. Bajaj Auto Ltd.
2. Bajaj Allianz General Insurance Company Ltd.
3. Bajaj Allianz Life Insurance Company Ltd.
4. Bajaj Finance Ltd.
5. Bajaj Finserv Ltd.
6. Bajaj Holdings & Investment Ltd.
7. Maharashtra Scooters Limited
8. Bajaj Housing Finance Limited

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Madhur Bajaj

Director

Mr. Madhur Bajaj, (born on 19 August 1952), is a Non-Executive Director of our Company.

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Madhur Bajaj

Mr.Bajaj is an alumni of Doon School, Dehra Dun. After obtaining his B.Com Degree from Sydenham College, Bombay, in 1973, he did his MBA at International Institute of Management Development (IMD), Lausanne, Switzerland, in 1979.

He is the recipient of the 'Vikas Rattan' Award from the International Friendship Society of India, for enriching human life and outstanding achievements. He has more than 29 years of experience in a number of sectors including in the auto, consumer durables and financial services.

He is the Past President of SIAM, the apex association of Indian automobile manufacturers as also the Past President of Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA), the apex Industries Association of Pune.

While he has been CII's Western Region Chairman, he is the current National Council Member of Confederation of Indian Industry (CII).

He is a Director and Non-Executive Vice Chairman of Bajaj Auto Limited – a leader in the motorized 2 and 3 wheeler sectors. He is also Past Chairman of Maharashtra Scooters Limited, besides being Director of Bajaj Electricals Limited, Bajaj Finance Limited and several other companies of the Bajaj Group.

His major directorships are as under:
1. Bajaj Auto Ltd.
2. Bajaj Finance Ltd.
3. Bajaj Finserv Ltd.
4. Bajaj Electricals Ltd.

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Rajeev Jain

Rajeev Jain

Managing Director

Rajeev Jain, (born on 06 September 1970), is the Managing Director of our Company. He is a management graduate and has more than 22 years of experience in the consumer lending industry. Rajeev has been associated with our Company for over eight years. At Bajaj Finance Limited, Rajeev has charted an ambitious growth path for the Company.

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The company is at an inflexion point and owes its exponential growth from a captive finance company to a most diversified non-bank in India today. The cumulative experience at GE, American Express and AIG has helped him change the course of the company and put it on a high growth path. He has vast experience in managing diverse consumer lending businesses viz. auto loans, durables loans, personal loans and credit cards.

Rajeev was earlier with American International Group as a Deputy CEO of its Consumer Finance business. At AIG, he was responsible for building the strategic framework for AIG Consumer business entry in India, created a holding company and acquired two non-banking finance companies to establish a base for AIG in the Indian market.

Before that, he was with American Express where he spent more than eight years. During this period he did various roles across various products like credit cards, personal and business loans etc. At the time of leaving American Express, he was the Head of Personal and Small Business Lending in India. Rajeev is a Management graduate from T A Pai Management Institute, Manipal with a Bachelor’s Degree in Commerce.

LIST OF DIRECTORSHIPS:
1. Bajaj Finance Limited
2. Bajaj Housing Finance Limited (Formerly Bajaj Financial Solutions Limited)

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Rajiv Bajaj

Director

Rajiv Bajaj, born on 21 December 1966, is a Non-Executive Director of our Company. He graduated first in class, with distinction, in Mechanical Engineering from the University of Pune in 1988, and then completed his masters in Manufacturing Systems Engineering, with distinction, from the University of Warwick in 1991.

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Rajiv Bajaj

He has since worked at Bajaj Auto Ltd. (Bajaj Auto) in the areas of Manufacturing and Supply Chain (1990-95), R+D and Engineering (1995-2000) and Marketing and Sales (2000-2005) and has been its Managing Director since April 2005.

His current priority is the application of the scientific principles of Homoeopathy to the task of building a brand centred strategy at Bajaj Auto with the objective of achieving its vision of being one of the world’s leading motorcycle manufacturers.

He has won a number of awards and recognitions from various prestigious bodies & institutions for his Business Leadership, Entrepreneurship and Innovation.

His major directorships are as under:
1. Bajaj Auto Ltd.
2. Bajaj Finance Ltd.
3. Bajaj Finserv Ltd.
4. Bajaj Holdings & Investment Ltd.
5. KTM AG (Austrian Company)

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Dipak Poddar

Independent Director

Dipak Poddar, born on 9 November 1943, is a Non-Executive and Independent Director of our Company. He is a Science Graduate and holds a Master’s Degree in Mechanical Engineering from the Massachusetts Institute of Technology, Boston, USA.

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Over 40 glorious years of his career he has experience as a leading businessman in the fields of textile manufacturing, automobile tyre manufacturing, steel manufacturing and retail finance.

He has served as Managing Director of Golden Tobacco Company Ltd. from 1979 to 1986. He has been a Director of VIP Industries Ltd. since 23 September 1987 and was also Managing Director of Bajaj Auto Finance Ltd. (now ‘Bajaj Finance Ltd.’) since its inception till 2008. Presently, he is the chairman of the Poddar Group and Poddar Developers Ltd.

His major directorships are as under:
1. Bajaj Allianz General Insurance Company Ltd.
2. Bajaj Finance Ltd.
3. Brite Merchants Ltd.
4. Poddar Bhumi Holdings Ltd.
5. Poddar Heaven Homes Ltd.
6. Poddar Housing and Development Ltd.
7. Poddar Natural Resources and Ores Ltd.
8. V.I.P. Industries Ltd.

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Ranjan Sanghi

Independent Director

Ranjan Sanghi, born on 6 May 1944, is a Non-Executive and Independent Director of our Company. He holds a bachelor’s degree in Commerce (Hons.) from the Sydenham College of Commerce and Economics, University of Mumbai. He has been associated with the Company since its incorporation.

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Ranjan Sanghi

In 1983, he had the honor and privilege of being invited as a Community Leader of Younger Generation by the Japanese Foreign Ministry on a goodwill visit as a guest of Japanese Government.

He was a member of Local Advisory Board of Deutsche Bank for two years. He has extensive experience in finance, marketing, automobiles and other fields. He was the President of Western India Automobiles Association, Mumbai during 1990-91.

His major directorships are as under:
1. Bajaj Finance Ltd.
2. HDFC Trustee Company Ltd.
3. Kemp and Company Ltd.
4. Suraj Sanghi Finance Ltd.

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Balaji Rao

D.J. Balaji Rao

Independent Director

D J Balaji Rao, born on 15 December 1939, is a Non-Executive and Independent Director of our Company. He holds a B.E. Degree in Mechanical Engineering from the University of Madras and is an Associate Member of Indian Institution of Industrial Engineering (AMIIIE). He attended the advanced management programme at the European Institute of Business Administration (INSEAD) at Fontainebleau, France in 1990.

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He pursued his career as an Industrial Engineer for about 8 years before joining erstwhile ICICI Ltd. (since merged with ICICI Bank Ltd.) in 1970. After holding a wide range of responsibilities at various locations and positions, 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, which 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.

His major directorships are as under:
1. Bajaj Auto Ltd.
2. Bajaj Finance Ltd.
3. Bajaj Finserv Ltd.
4. Bajaj Holdings & Investment Ltd.
5. CMI FPE Ltd.

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Omkar Goswami

Independent Director

Omkar Goswami, born on 29 August 1956, is a Non-Executive and Independent Director of our Company. He holds a master’s degree in Arts (Economics) from the Delhi School of Economics and a Doctorate in Philosophy from Oxford University. He taught and researched economics for 18 years at Oxford, Delhi School of Economics, Harvard, Tufts University, Jawaharlal Nehru University, Rutgers University and the Indian Statistical Institute, New Delhi. He has served on several government committees including as chairman of the committee on Industrial Sickness and Corporate Re-structuring and as member of the Working Group on the Companies Act, 2013, the CII Committee on Corporate Governance; the Rakesh Mohan Committee on Railway Infrastructure Reform; the Vijay Kelkar Committee on Direct Tax Reforms; the Naresh Chandra Committee on Auditor-Company Relationship; the N.R. Narayana Murthy SEBI Committee on Corporate Governance Reforms, amongst others.

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Omkar Goswami

He has been a consultant to the World Bank, the International Monetary Fund, the Asian Development Bank and the Organization for Economic Co-operation Development. He has been the Chief Economist of Confederation of Indian Industry.

He has authored of various research papers and books on economic history, industrial economics, public sector, bankruptcy laws and procedures, economic policy, corporate finance, corporate governance, public finance, tax enforcement and legal reforms.

He writes columns for newspapers and magazines. He was the editor of Business India magazine.

His major directorships are as under:
1. Ambuja Cements Ltd.
2. Bajaj Auto Ltd.
3. Bajaj Finance Ltd.
4. CG Power and Industrial Solutions Ltd.
5. Godrej Consumer Products Ltd.
6. Hindustan Construction Company Ltd.

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Dr Gita Piramal

Dr Gita Piramal

Independent Director

Gita Piramal, born on 4 September 1954, is a Non-Executive and Independent Director of our Company. She is currently engaged in academic research at the University of Oxford. An entrepreneur and businesswoman, author and journalist, she has a PhD in business history from Bombay University. 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.

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An award-winning author, she has written best-seller books, case studies, articles in international and Indian publications and commissioned and edited over 1,000 articles for The Smart Manager. She has also scripted, edited, featured and anchored television documentaries for international and Indian channels. She conceptualised and created content for three best-selling, award-winning programs for CNBC-TV18. She is associated with several trade and industry organisations, non-profit organisations and educational institutions. She is on the boards of many leading companies.

Her major directorships are as under:
1. Bajaj Auto Ltd.
2. Bajaj Finance Ltd.
3. Bajaj Finserv Ltd.
4. Bajaj Holdings & Investment Ltd.

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Dr. Naushad Forbes

Independent Director

Naushad Forbes, born on 13 May 1960, is a Non-Executive and Independent Director of our Company. 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.

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He 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.

He is on the Board of several educational institutions and public companies and is the chairman of Centre for Technology, Innovation and Economic Research, Pune.

He has long been an active member of CII and has at various times chaired the National Committees on Higher Education, Innovation, Technology and International Business. He was President of CII for 2016–17.

His major directorships are as under:
1. Bajaj Auto Ltd.
2. Bajaj Finance Ltd.
3. Bajaj Finserv Ltd.
4. Bajaj Holdings & Investments Ltd.
5. Zodiac Clothing Company Ltd.

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Anami N Roy

Independent Director

Anami N Roy, born on 15 May 1950, is a Non-Executive and Independent Director of our Company. He is a distinguished former Director General of Police, having served in the Indian Police Service in Maharashtra and with the Government of India for over 38 years. He held a variety of assignments both in Maharashtra and with the Central Government including Commissioner of Police, Aurangabad, Pune and Mumbai and retired as Director General of Police, Maharashtra, commanding a 225,000 strong force.

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While with 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 expectations like Citizen Facilitation Centres in Police Commissioner's office and later in all police stations where all requirements of people from police were dealt with in a transparent, time-bound and hassle-free manner, 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 was appointed as an 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 states.

Post retirement, has been engaged in the social/non-profit sector. He runs a not-for-profit company Vandana Foundation under section 8 of the Companies Act, 2013 for supporting people at the bottom of the pyramid with livelihood.

He is on the Board of many prominent companies. He is also involved in many other companies in advisory capacity. He brings with him a wide and rich experience of public service, functioning of governments at the state and central level.

His major directorships are as under:
1. Bajaj Auto Ltd.
2. Bajaj Finance Ltd.
3. Bajaj Finserv Ltd.
4. Bajaj Holdings & Investment Ltd.
5. Glaxosmithkline Pharmaceuticals Ltd.
6. Mayar Health Resorts Ltd.

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