Bajaj Finance elevates Rajeev Jain to vice chairman; Anup Saha named MD

Bajaj Finance Ltd on Thursday (March 20) said it has announced key leadership changes, with Rajeev Jain appointed as vice chairman in the capacity of an executive director for a three-year term starting April 1, 2025.

Anup Kumar Saha, currently the deputy managing director, has been re-designated as managing director for the remainder of his tenure until March 31, 2028. The appointments were approved by the company’s board of directors and are subject to shareholder approval.

Jain, who has been with Bajaj Finance since 2007 and took over as managing director in 2015, has been instrumental in transforming the company from a single-product auto financier into a diversified financial services powerhouse.

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Under his leadership, Bajaj Finance expanded its offerings across loans, payments, and investments, leveraging technology and digital innovations to become a market leader.

With nearly three decades of experience in consumer lending, Jain has played a key role in bringing millions of new-to-credit customers into the formal financial system. His focus on business sustainability and large-scale digital transformation has helped Bajaj Finance drive long-term stakeholder value and maintain robust growth in an evolving financial landscape.

Saha, who joined Bajaj Finance in 2017, brings over 32 years of experience in financial services, including 14 years in banking and 11 years in non-bank entities. Over the years, he has played a key role in business performance, strategic execution, and organisational transformation.

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As managing director, Saha will focus on expanding Bajaj Finance’s digital ecosystem, enhancing operational efficiencies, and strengthening its leadership across diverse financial products. With a customer base of over 97 million, Bajaj Finance continues to expand its footprint across 4,200+ locations and drive engagement through its 67 million users on the Consumer app.

Shares of Bajaj Finance Ltd ended at ₹8,679.80, down by ₹57.35, or 0.66%, on the BSE.