Board of Directors

Rahul Bajaj, born on June 10, 1938, headed the Bajaj Group of companies for decades after taking it over in 1965. He aided the company's expansion throughout the 1970s and 1980s, and his guidance allowed the business to flourish exponentially. The business revenue increased to a mark where the Group became a part of the billion-dollar club. Through his initiative, Chetak and Bajaj Super scooter models rose to prominence in the Indian market. Originally based on the Italian Vespa Sprint, Chetak served as an accessible mode of transportation for many Indians for decades and became the symbol of Indian pride with the ‘Hamara Bajaj’ campaign. 

Rahul Bajaj was the recipient of many awards, including the third-highest civilian award Padma Bhushan, from the Government of India and honorary doctorates from many universities. He earned his law degree from Mumbai University, his BA (Honours) in Economics from Delhi University, and his MBA from Harvard Business School. 

In February 2021, he was ranked 421 on the Forbes list of the world's billionaires, with a net worth of USD 8.2 billion. One of India's most successful business leaders, Rahul Bajaj, served as a member of the Rajya Sabha, the Chairman of Indian Airlines and the Chairman of the Board of Governors of the Indian Institute of Technology, Bombay.

He was well known in business circles for being unwavering regarding issues of national importance and of corporate India. Many people admired him for his fearless attitude.

Sanjiv Bajaj is the Chairman of Bajaj Finance Limited and 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 9M consolidated revenue of over ₹ 58,447 crore ($ 7.14 billion)* and consolidated profit after tax of over ₹ 4,648 crore ($ 568 million)* for FY2022-23.

*US$ considered at INR 81.82 as on December 31, 2022.

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, Bajaj Housing Finance Limited, Maharashtra Scooters Limited, Bajaj Finserv Asset Management Company 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 and 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 is a member of the Steering Committee appointed by the Government of India for B20 as part of India’s G20 Presidency FY 2022-23.

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 Transformational Business Leader
• 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.

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Rajeev Jain is the Managing Director and a member of the executive management team of Bajaj Finance Limited. Charting an ambitious growth trajectory for the company, Rajeev has transformed it from a captive auto financing company into one of India’s largest and most diversified NBFC companies.

Rajeev joined Bajaj Finance Limited in 2007 as the CEO. Since then, he has been leading the company towards a ‘new way of doing business’ by envisaging it as an omnipresent financial services company that enables customers to engage, transact, and get 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 seamless experiences for customers amidst a rapidly evolving digital landscape.

Rajeev is an industry veteran with nearly three decades of stellar experience managing diverse consumer lending businesses, including auto loans, durable loans, personal loans, and credit cards. He has spent a decade and a half with Bajaj Finance Limited, driving long-term, profitable businesses and large-scale digital transformations to create long-term value for shareholders.

Before Bajaj Finance, he worked with GE, American Express, and AIG.

Rajeev holds a Bachelor’s degree in Commerce from the American College in Madurai and a Management degree from the T.A. Pai Management Institute, Manipal.

Rajiv Bajaj is the non-executive director of the Company. Rajiv 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 from the University of Warwick in 1991.

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).

He has won several awards and recognition from various prestigious bodies and institutions for business leadership, entrepreneurship and innovation.

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

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 process and energy efficiency company. He was an occasional lecturer and consulting professor at Stanford University from 1987 to 2004, where he developed courses on technology in newly industrialising countries. He received his Bachelor, Masters and PhD degrees from Stanford University.

He is on the board of several educational institutions and public companies and Chairman of the 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. He is a founding member of Nayanta University, a full service university opening in 2024, spearheaded by CII.

His book, The Struggle and the Promise: Restoring India’s Potential, was published by HarperCollins in 2022.

Anami N Roy is an Independent Director at Bajaj Finance Limited. He is a well-known former civil servant. He was head of operations of the elite Special Protection Group while in Govt. of India, supervising security of Prime Minster and former PMs during the tenure of four PMs during which he had the opportunity to work and interact with elite forces of all States in India and many countries of the world.

During his nearly four decades of dedicated tenure in the Indian Police Service, Shri Roy held variety of challenging assignments both in Maharashtra and Govt. of India including Police Commissioner of Mumbai and Director General of Police, Maharashtra State. He launched multiple innovative initiatives and schemes for time-bound and simplified delivery for people’s expectations from the Police towards making Police more accessible to people. Passionate about bringing in technology in multiple areas of policing, his Mumbai Police Infoline, Citizen Facilitation Centers, Elderline are some of those which became very popular and useful and made him known as “People’s Commissioner”. Post retirement, he 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 many prominent companies. 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.

Pramit Jhaveri presently acts as advisor and mentor to start ups, corporates and family offices. He is Senior Advisor to Premji Invest and PJT Partners and an Independent Director on the Boards of Bajaj Finance, Bajaj Finserv and Larsen & Toubro. Prior to his current activities, Pramit was Vice Chairman - Banking, Asia Pacific Citi. He served as Chief Executive Officer of Citibank India from 2010 to 2019. He retired from Citibank in November 2019 after a distinguished career in banking of 32 years, having joined the firm as a 23 year old in 1987.
 
Pramit serves as a Trustee on the Board of several philanthropic, non-profit entities in India. These include: Tata Trusts, which is amongst India’s oldest and most pre-eminent philanthropic institutions; Pratham Education Foundation, an NGO dedicated to the quality education of underprivileged children; the World Monuments Fund India, an organisation involved in conserving and preserving India’s architectural heritage; CSMVS, one of the premier art and history museums in India; the Museum of Art and Photography (MAP), a new private art museum based in Bangalore and the University of Rochester, New York.

Pramit is also an investor in and mentor to several exciting Fintech companies in India. These include KreditBee, Mintifi, Jai Kisan and CorpCare Solutions.
 
Pramit has a Bachelor of Commerce degree from Sydenham College, Mumbai University and an MBA from the Simon School of Business, University of Rochester. He is an avid tennis player, a keen follower of cricket and soccer and a long standing collector of Indian contemporary art.

Radhika Haribhakti is an Independent Director at Bajaj Finance Limited. She has over 30 years of experience in commercial and investment banking, working with Bank of America, JM Morgan Stanley, and DSP Merrill Lynch. She has advised several giant corporates and led their equity and debt offerings in domestic and international capital markets. She currently provides advisory services at RH Financial but primarily serves as an Independent Director on multiple corporate boards.

She is on the Boards of Directors of ICRA Limited, EIH Associated Hotels Limited, Navin Fluorine International Limited, NOCIL Limited and Torrent Power Limited. At these companies, she is a member of several board committees, including some of which she chairs.

Radhika Haribhakti has been closely associated with women empowerment and financial inclusion and has over 18 years of experience serving on non-profit boards, including 12 years as chairperson. She is the former Chair of Friends of Women’s World Banking (FWWB) and Swadhaar FinAccess, two non-profits engaged in providing financial solutions to women in economically disadvantaged communities. She also previously served on the Governing Council of Citigroup Micro Enterprise Award and CII’s National Committee on Women Empowerment.

Radhika Haribhakti has a graduation degree in Commerce from Gujarat University. She is also a postgraduate in management from IIM Ahmedabad.

Dr. Arindam Bhattacharya is an Independent Director of our Company. He has more than 30 years of expertise in the business world, specialising in consulting for the industrial sector. Dr. Bhattacharya retired as the Managing Director and Senior Partner of the Boston Consulting Group (BCG), India.

Dr. Bhattacharya formerly served on the National Council of Confederation of Indian Industry and co-chaired its National Manufacturing Council. He is on the international advisory boards of the Munjal School for Global Manufacturing at the Indian School of Business, the School of Global Policy and Strategy at the University of California, San Diego, and the Oxford India Centre for Sustainable Development. The largest public health NGO in India, WISH Foundation, and Lemon Tree Hotels both have him on their boards.

He began his career as a graduate engineer trainee with the Eicher Group in India. He also led the BCG’s growing engagement with Central and State Governments on both economic and social sector topics such as education and health and has consulted with organisations such as World Food Programme, Save the Children, Gates Foundation, and World Bank.

Dr. Bhattacharya was educated at IIT Kharagpur, IIM Ahmedabad. He completed his MSc in Manufacturing Systems and received his Engineering Doctorate from Warwick Manufacturing Group, University of Warwick, UK.

Anup Shah is the Deputy Managing Director of Bajaj Finance Limited ('Company') and a member of its executive management team. Anup joined the Company in 2017 to lead its consumer finance portfolio business. He heads all the Retail business lines of the Company, including its Urban Consumer Durable Loans, Personal Loans, Co-Branded Credit Cards, MSME, Rural Loans, FDs, Insurance, and Payments. Previously, he managed other portfolios such as Operations, Service and Marketing.

Before joining Bajaj Finance, Anup was with ICICI Bank for 14 years, during which he served in different roles as their Senior General Manager and Group Product Head of their Retail Home Loan, Vehicle Loans, Developer Funding, and Retail and Rural Collections. Anup has also served on the Board of ICICI Bank HFC and TU CIBIL and spearheaded ICICI Bank’s Sales CRM and Big Data transformation projects. In his earlier stints, Anup worked with GE Capital International Services (GECIS), SBI Cards, Blow Past, and BHEL.

With a strong track record of delivering top-line growth and bottom-line performance, Anup has been driving business productivity and improved profitability for the Company, further strengthening its market leadership position.

Anup is an alumnus of IIT Kharagpur and IIM Lucknow. He brings more than 28 years of diverse management experience across sales, product risk, collection, and business intelligence to deliver growth through performance and transformation of the Company. Anup strives towards the vision of becoming a dominant, omnipresent player in the ecosystem of financial services and payment business.