Rajeev Jain Appointed as Additional Director of Bajaj Finserv Ltd
Pune, 21st March 2025: The Board of Directors of Bajaj Finserv Ltd has approved the appointment of Rajeev Jain as an Additional Director (Non-Executive, Non-Independent), effective April 1, 2025. This decision, based on the recommendation of the Nomination and Remuneration Committee, is subject to shareholders’ approval. Jain will hold the position with liability to retire by rotation.
In compliance with SEBI regulations, the company has confirmed that Rajeev Jain is not barred from holding the office of director by any regulatory authority, making him eligible for the appointment.
Rajeev Jain has been a pivotal figure in the growth of Bajaj Finance Ltd since joining the company in 2007 as Chief Executive Officer. He became the Managing Director in 2015, leading the transformation of Bajaj Finance from a single-product auto finance firm into a diversified, technology-driven financial powerhouse.
Under his leadership, Bajaj Finance has played a significant role in bringing millions of new-to-credit consumers into the formal financial system, offering a wide range of financial products, including loans, payments, and investment solutions. With nearly three decades of experience in consumer lending, Jain has driven sustainable business growth and large-scale digital transformations, enhancing value for stakeholders.
In addition to his new role as Additional Director, Jain will also assume the position of Vice-Chairman of Bajaj Finance Ltd, effective April 1, 2025. He currently serves as Vice-Chairman of Bajaj Housing Finance Ltd, where he provides strategic guidance for the company’s long-term growth.
Jain’s career spans leadership roles at GE, American Express, and AIG, where he played a key role in launching and expanding consumer lending businesses in India. His academic background includes a management degree from T.A. Pai Management Institute, Manipal, and a bachelor’s degree in commerce from American College, Madurai.
With his expertise in digital innovation and financial inclusion, Rajeev Jain is expected to bring continued growth and transformation to Bajaj Finserv Ltd in his new leadership role.
