Bajaj Finserv Health appoints Deepak J. Matai as Chief Executive Officer
Pune/Mumbai, May 7, 2026: Bajaj Finserv Health Ltd. (BFHL), a subsidiary of Bajaj Finserv, one of India’s largest and most diversified financial services groups, today named Deepak J. Matai as Chief Executive Officer.
Deepak brings over 25 years of leadership experience across financial services, insurance and consumer businesses. He joins BFHL from CPP Group, where as CEO (India, Bangladesh, Malaysia) he led distribution partnerships across BFSI, customer propositions and large-scale operations, with a sustained focus on growth. He has previously held senior positions at Barclays and SBI Cards.
As CEO of BFHL, Deepak will steer BFHL, Vidal and associated companies, into their next phase of growth, strengthening the health-tech ecosystem, expanding partner integrations, and deepening customer value across healthcare, wellness, and allied services. He will work closely with teams across BFHL and the Group to drive innovation with execution excellence, while ensuring strong compliance and customer trust.
Speaking on the appointment, Sanjiv Bajaj, Chairman and Managing Director, Bajaj Finserv, said, “India has 16% of the world’s population but accounts for just 1% of global healthcare spending, making it one of the most important and fast-growing opportunities of our time. Bajaj Finserv Health was built as a health-tech platform to bring providers, services and payers together, and make healthcare more accessible and seamless.
“A strong foundation is already in place, and Deepak with his expertise and strategic guidance, will take the company to its next phase of growth. I also want to acknowledge the contribution of Devang Mody in establishing the platform and scaling it to where it is today. I look forward to working closely with Deepak and wish him every success,” he added.
BFHL operates a differentiated digital platform serving all payers categories like insurers, corporates, government, through bilateral arrangements with providers across wellness, outpatient (OPD) and in-patient (IPD) services, delivering a true continuum of care.
Its network spans 130,000 doctors, 6,500 lab touch points and 15,000 hospitals, including 2,500 enabled for cashless OPD. The platform processes nearly 24 million transactions annually, supported by 660 doctors for claims adjudication. Built on a micro-services architecture with an app-first design and AI-led abuse management, BFHL delivers a fully digital journey for cashless healthcare.
About Bajaj Finserv Health
Bajaj Finserv Health is a leading health-tech company offering preventive, personalised, and partner-led care, including doctor consultations, diagnostics, health financing, and wellness plans. The company empowers organizations and individuals with integrated, cashless, and digital-first solutions to foster a healthier life.
To know more, visit Bajaj Finserv Health
