Bajaj Finance Ltd. informed stock exchanges on Monday, July 21, 2025, that its Managing Director and Director, Mr. Anup Kumar Saha, has resigned from the company with effect from the close of business hours on the same day. The resignation was attributed to personal reasons, as communicated in a regulatory filing.
In a meeting held on July 21, 2025, the Board of Directors accepted Saha’s resignation and recorded their sincere appreciation for his contributions during his tenure. Saha also resigned from all committees of the board, effective immediately. He expressed gratitude towards the board, management, and stakeholders and assured a smooth transition in his resignation letter.
To ensure continuity in leadership, the board, based on the recommendation of the Nomination and Remuneration Committee, approved the re-designation of Mr. Rajeev Jain as the Executive Vice-Chairman & Managing Director (VC & MD) of Bajaj Finance for the remainder of his term, i.e., until March 31, 2028. Jain, who already held the role of Executive Vice-Chairman, has now been formally vested with the powers, roles, and responsibilities of managing the company.
This transition ensures stability at the helm of Bajaj Finance amid an evolving financial services landscape. The company acknowledged the contribution of Mr. Saha during his tenure and wished him success in his future endeavors.
The Board meeting at which this decision was taken commenced at 4:15 PM and concluded at 5:12 PM.
Key Highlights:
-
Anup Kumar Saha stepped down as MD and Director citing personal reasons.
-
His resignation was effective from the close of business hours on July 21, 2025.
-
Rajeev Jain has been re-designated as Vice-Chairman & Managing Director until March 31, 2028.
-
The company thanked Mr. Saha for his service and affirmed confidence in Mr. Jain’s leadership.
