Bajaj Finance Ltd. has announced a significant leadership transition with the elevation of Rajeev Jain to the role of Vice Chairman and Anup Kumar Saha as the new Managing Director. The changes, approved by the Board of Directors, will come into effect on April 1, 2025, subject to shareholder approval.
Rajeev Jain, who has played a pivotal role in transforming Bajaj Finance from a single-product captive auto finance company into a diversified financial powerhouse, will assume the position of Vice Chairman for a three-year term. His leadership over the past 18 years has been instrumental in the company’s expansion, digital transformation, and customer-centric approach. Under his guidance, Bajaj Finance has broadened its reach, introducing various consumer lending products and digital financial services.
Meanwhile, Anup Kumar Saha, currently the Deputy Managing Director, will be elevated to Managing Director. Saha, who joined Bajaj Finance in 2017, has over 32 years of experience in the financial services sector, including leadership roles at ICICI Bank. He has been a key driver of the company’s strategic growth initiatives, focusing on expanding customer reach, strengthening risk management frameworks, and fostering digital innovation. His appointment is expected to reinforce Bajaj Finance’s market leadership and growth trajectory.
The leadership transition aligns with Bajaj Finance’s vision to maintain its growth momentum and strengthen its position in India’s financial services sector. The company has been at the forefront of innovation, leveraging technology to expand its product portfolio across consumer finance, payments, and investment solutions. With over 97 million customers, a widespread branch network, and a rapidly growing digital ecosystem, Bajaj Finance remains committed to delivering financial solutions that cater to India’s evolving consumer landscape.
