Sanjiv Bajaj

Sanjiv Bajaj

Chairman and Managing Director

Sanjiv Bajaj, born 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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Career

  • Since 20.2.2008, he is the Managing Director & CEO of Bajaj Finserv Ltd. and recently in 2020 has also become Chairman. Bajaj Finserv operates in the insurance business through Bajaj Allianz Life Insurance Company Ltd. and Bajaj Allianz General Insurance Company Ltd., as well as in the lending business through Bajaj Finance Ltd. His role includes guiding the current businesses and building new ones in the financial services space. He is responsible for the performance of the Company on a consolidated level across its businesses.
  • Since 15.10.2013, he is the Vice Chairman of Bajaj Finance Ltd.
  • He is the 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
  • He is the Managing Director & CEO of Bajaj Holdings & Investment Ltd. with effect from 01-04-2012 (earlier its Non-Executive Director). His role includes building the strategy and team, and guiding this investment company, which has almost Rs. 60,000 crore in cash and investments (at market value) including 30% stake in Bajaj Auto and 40% stake in Bajaj Finserv as on 31 March 2019.
  • He is the Former Executive Director of Bajaj Auto Limited (until 31 March 2012), having headed Finance & Control, legal & international business functions of Bajaj Auto over different periods from 1994 until 2012 and currently its NonExecutive Director.
  • He has been elected as Chairman of the Confederation of Indian Industry (CII) Western Region for 2019-20.

Memberships:

-   Vice-President of Confederation of Indian Industry (CII) for 2020-21.
-   International Advisory Board (IAB), Allianz SE
-   International Technology Advisory Panel (ITAP) of Monetary Authority of Singapore (MAS)
-   Insurance Advisory Committee of IRDAI Board of ISB ( Indian School of Business)
-   Regional Stewardship Board for India and South Asia 2019-2020 of World Economic Forum

Awards:

  • All India Management Association (AIMA) Managing India Awards Entrepreneur of the Year award 2019
  • Economic Times - ET Business Leader of the Year award 2018
  • Asian Centre's Leadership, Corporate Governance, Sustainability & CSR Awards - Transformational Leader Award (Large Cap Category) 2017
  • 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
  • Financial Express Best Banks Award: Banker of the year 2017-18

Major Directorships

  • Bajaj Auto Ltd.
  • Bajaj Finserv Ltd. and its subsidiaries:
  • Bajaj Finance Ltd. and its unlisted subsidiary Bajaj Housing Finance Limited.
  • Bajaj Allianz General Insurance Company Ltd.
  • Bajaj Allianz Life Insurance Company Ltd.
Bajaj Holdings & Investment Ltd. and its unlisted subsidiary, Bajaj Auto Holdings Ltd.
Jeewan Ltd.(unlisted)
Maharashtra Scooters Ltd

Committee Memberships

  • Bajaj Finserv Ltd.
  • Maharashtra Scooters Ltd.
  • Bajaj Allianz General Insurance Co Ltd
  • Bajaj Allianz Life Insurance Co Ltd
  • Bajaj Finance Ltd.
  • Bajaj Housing Finance Limited

Committee Chairmanships: Nil

Shareholding in the Company:

He holds 420,579 equity shares (includes beneficial shareholding held in other capacity) of Rs. 5/- each in the Company as on 31 March 2019.

Nature of expertise in specific functional areas:

Management & Strategy, Global Business Leadership, Insurance, Mutual Fund & Financial Services, Banking, Investment & Treasury and Forex Management etc.

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S Sreenivasan

Chief Financial Officer

S. Sreenivasan has been the Chief Financial Officer at Bajaj Finserv Limited since September 2011. His undertakings entail, but are not limited to, overseeing the insurance business and interactions with management on strategic and governance issues, annual operating plans & long-range planning, insurance operation result reviews, managing Bajaj Allianz Financial Distributors Limited operations, investor relations for Bajaj Finserv Limited, and being a member of the Investment Committee and Risk Committee. From November 2003 to August 2010, Sreenivasan was the Chief Financial Officer at Bajaj Allianz General Insurance and was responsible for achieving short and long-term performance objectives set out by the board of directors.

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Sreenivasan has evolved the business models of companies and has been a sound advisor on management responsibilities of strategy and operations. His contribution to the development of Bajaj Allianz as a top brand in the general insurance sector can be attributed to his vast and diverse experience and fine business acumen. Sreenivasan 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.

In his previous experiences, Sreenivasan worked in Greshma Shares and Stocks as Managing Director; Bahrain National Holding Company; Bahrain Insurance Company and Thermax DeVilbiss.

Sreenivasan is a Chartered Financial Analyst (CFA), from the CFA Institute, Virginia. He completed his Post Graduate Diploma in Management (PGDM), an MBA programme of the Indian Institute of Management, Calcutta. His Chartered Accountant (ACA) qualification has been attained from the Institute of Chartered Accountants of India, and Cost and Works Accountant (Grad. CWA) from the Institute of Cost and Works Accountants of India. Sreenivasan has a BSc. (Physics and subsidiaries being Mathematics and Statistics) degree from the University of Kerala.

Besides, his financial expertise, Sreenivasan is also pro table tennis player, having represented the sport at the National and Inter-State Championships. He captained the Kerala University Table Tennis team to clinch the 3rd place at the All-India Inter-University Championship.

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V. Rajagopalan

President - Legal

V. Rajagopalan has held the position of Vice President (Legal) of Bajaj Finserv Limited since January 1st, 2009 and is spearheading the new business initiatives of the Group in the field of financial services. In his present role, he is responsible for acquisitions & structuring initiatives besides treasury, regulatory and legal oversight at the corporate level for the group’s financial services businesses.

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Ranjit Gupta

President - Insurance

Ranjit Gupta started in Bajaj Auto Ltd. as General Manager (Co-ordination) in 1988, and moved on to become Vice President (Materials) in 1995 and Vice President (Insurance) in 2001.

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Gupta was honoured with a fellowship from the Institution of Engineering & Technology (London) and was also inducted as a member of the Institution of Mechanical Engineers (London).

He is working as President (Insurance) in the company.

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Mr. Ganesh Mohan

Ganesh Mohan

Group Head – Strategy

Ganesh Mohan joined Bajaj Finserv Limited in 2015 and heads strategy development, execution and innovation efforts across all the Group companies of the BFS Group. This includes setting strategy for all the key operating companies, driving key cross-company initiatives as well as managing critical corporate development plans.

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Prior to joining BFS, Ganesh was a Partner at The Boston Consulting Group (BCG) and worked with BCG for 16 years across multiple geographies (US, Europe, Middle East & India) primarily focusing on the financial services sector.

At BCG, Ganesh worked with large retail and corporate banks, sovereign wealth funds, asset managers and finance companies globally on a wide variety of functional and business issues. Ganesh has a B. Tech (Hons) in Chemical Engineering from IIT, Kharagpur and an MBA in Finance and Strategy from the Indian Institute of Management, Calcutta.

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Ajay Sathe

Group Head – Customer Experience and CSR

Ajay Sathe joined Bajaj Auto in 1997 and moved to Bajaj Finserv in 2007 post the demerger of erstwhile Bajaj Auto. He is presently working as Group Head – Customer Experience and Corporate Social Responsibility (CSR). Ajay is a generalist, and has worked in many functions such as finance, IT, business development, corporate strategy and risk management. As Group Head – Customer Experience, he is designing a unique customer experience framework based on principles of cognitive psychology. As Group Head – CSR, he is leading a significant employability initiative of Bajaj Finserv. The initiative is aimed at helping graduates, especially first-generation graduates from smaller towns, ready for a career in the industry.

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Mr. Ajay Sathe

Ajay is known for his ability to bring in customer perspective in strategy discussions. “Work for your customer and not for your boss” is his oft-repeated advice to his teams.

Ajay is a commerce graduate from Pune University. 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 has completed his International MBA with Honours at European School of Management and Technology (ESMT), Berlin. At ESMT, he was a winner of the Academic Performance Prize awarded for the most outstanding academic performance during the program.

Ajay is a watercolourist and his Facebook page showcases many of his sketches and paintings. Listening to Indian classical music and playing badminton help him maintain his mental and physical health.

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Rajeev Jain

Rajeev Jain

Managing Director – Bajaj Finance Limited

At Bajaj Finserv , Rajeev has charted an ambitious growth path for the company. 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.

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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.

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Tapan Singhel

Managing Director & Chief Executive Officer - Bajaj Allianz General Insurance

Tapan has been the founding employee of the company. He has handled various roles in geographies and channels and took over as MD & CEO in 2012. The company has not only been the leading company in India in terms of profit and growth, but is also recognized as one of the best companies in Asia.

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He is a social media savvy CEO and has considerably following on Linkedin, is equally active on Twitter & uses Google Hangout to reach out to consumer and employees. He also blogs under the heading""My Takewhich is very popular among people of the industry and across the globe".

He has been actively involved in various industry forums and is on the Advisory Committee to the Regulator (IRDAI). He was chosen as the CEO of the Year by the Insurance Asia Awards and is also recognized as a Power Profile by LinkedIn. He is a BHU alumnus having done his Masters in Physics with specialization in Lasers and Spectroscopy and his schooling from La Martiniere for boys Kolkata and St. Peters Agra.

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Mr. Tarun Chugh

Managing Director and Chief Executive Officer Bajaj Allianz Life Insurance

Tarun Chugh joined Bajaj Allianz Life Insurance as the MD & CEO in April 2017. Tarun is also an elected member of the Life Insurance Council – Executive Committee. A seasoned industry veteran, he has over 23 years’ experience in financial services space, including over thirteen years’ experience in the Indian Life insurance sector.

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Tarun is a familiar figure in the Indian life insurance sector, having headed general management and strategic roles as Managing Director and Chief Executive Officer of PNB Metlife India Life Insurance Company in February 2014. He has served as the Chief Distribution Officer in addition to overseeing branch operations and marketing in ICICI Prudential Life Insurance. Tarun has also worked as an Investment Banker for 12 years prior to joining the Insurance sector.

In his multiple leadership roles, Tarun has a proven track record of building relationships and trust with various stakeholders.

Tarun passed out as an engineer from IIT Delhi and completed his Post graduation in management from IIM, Lucknow in 1994.

He is a highly motivated person with the zeal to achieve excellence in all his endeavors as seen in his personal and professional achievements. Tarun is an avid reader and has interests in tennis and travelling.

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Atul Jain

CEO, Bajaj Housing Finance Ltd

Atul Jain was with Bajaj Finance Limited (BFL) for over 16 years prior to moving as Chief Executive Officer of Bajaj Housing Finance Ltd (BHFL). He has over 30 years of rich work experience in the financial sector. He started his career in Investment Banking and later moved to retail finance. He is responsible for driving growth, profitability, and sustainability for BHFL and its employees. He aims to build an industry-relevant mortgage player in 3-4 years.

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He was at the helm of the Collections team at BFL for over 11 years and the principles of his practice in BFL had held the company in a good state over the years. As Chief Collection Officer, he was the man behind building the best low-ticket collections model in the BFSI industry. Atul passionately worked to ensure the loan losses are within the budgeted product profitability matrix and preferred engagement with the customer rather than confrontation. At Bajaj Finance Ltd, while working as President- Rural Lending & Collections for a tenure of four years he set-up the Rural lending business and lead it aggressively to create new benchmarks within the company. As Enterprise Risk Officer for Bajaj Finance Limited for two years, he managed Collections and Risk for the company. His belief is in providing a seamless experience to the customer by use of cutting-edge analytics to arrive at the right offer.

In his current role in BHFL as CEO, he has transformed the organization based on three key pillars – result orientation, speed & agility and transparency. He has been instrumental in shaping the organization to deliver multi-fold asset growth over the past three years coupled with a risk-averse approach and helped the organization to navigate seamlessly through major industry crises over the past two years – the IL&FS debacle and COVID-19 pandemic.

Having spent more than 19 years in Bajaj Finserv, Atul is a firm believer that rigour execution supersedes strategy by distance. Building a successful enterprise, right from the scratch, is what interests Atul the most.

He is an MBA in Finance. He loves reading books of historical fiction, thrillers & crime genre. He also likes watching action & mystery movies in his leisure time.

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Rakesh Bhatt

Chief Executive officer – Bajaj Finserv MARKETS

Rakesh Bhatt is the Chief Executive Officer at Finserv MARKETS. A Fintech leader with industry experience of over 28 years, Rakesh drives digital transformations to create successful commercial enterprises. His goal is to create a successful Marketplace and Platform business at Finserv MARKETS.

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He leads a diversely talented team, driven by the curiosity of continuous learning and innovation, which leverages its strength in digital technologies and data science to curate financial solutions.
Prior to setting up Finserv MARKETS, he was responsible for leading a large portfolio of critical functions viz. Technology, Analytics, Credit Operations, Customer Experience and Quality as Chief Operating Officer at Bajaj Finance Ltd. Rakesh was also appointed as a Director in Bajaj Finserv Direct Limited with effect from 14 November 2017.

Before joining the Bajaj Finserv group, he has held leadership positions at AIG Consumer Finance, GE Money, Reliance Industries and 3i Infotech. Rakesh has completed his Master's in Computer Applications.

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Devang Mody

CEO, Bajaj Finserv Health

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.

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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."

He 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 across six sigma, cross-sell, product management and business development. He was also involved in Business process Re-engineering for Petrochemical, Cement, Software services customers at Ernst & Young.

Devang is also an avid reader and travel enthusiast.

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