When the torch changes hands at the top, the glow reaches far and wide
In a boardroom shuffle that feels more like a baton pass than a power shift, Bajaj Finance has announced its new leadership line-up — and it’s one for the books. The man behind the company’s meteoric rise, Rajeev Jain, is stepping into the role of Vice Chairman, while seasoned executive Anup Kumar Saha moves up as the new Managing Director. BSE Filing Management Change
Backstory: The rise of a financial juggernaut
From humble beginnings as an auto finance unit to becoming India’s leading diversified NBFC, Bajaj Finance’s story is one of tech-driven agility, smart lending, and scale. At the heart of it has been Rajeev Jain, who joined in 2007 and later became MD in 2015. Under his watch, the company grew its loan book, launched multiple digital platforms, and became a household name across Indian cities.
Main Story: The new leadership duo
On March 20, 2025, the Board of Directors confirmed that:
Rajeev Jain’s MD tenure ends March 31, 2025, and he takes charge as Vice Chairman (Executive Director) from April 1, 2025 for 3 years.
Anup Kumar Saha, currently Deputy MD, will now be Managing Director until March 2028.
The changes are subject to shareholder approval — but with the company’s track record, few would bet against it.
Who are these torchbearers?
Rajeev isn’t just moving up — he’s guiding from the balcony now. Known for his “disrupt to grow” mantra, his fingerprints are on every key milestone in Bajaj Finance’s journey. With stints at GE, AIG, and American Express, he brought a global mindset to an Indian brand.
Anup, meanwhile, is no newbie. With 32 years of experience, he’s a transformation agent. From ICICI Bank to Bajaj, he has led credit cards, mortgages, debt recovery, and even enterprise analytics. His focus? Customer-first digital inclusion, risk intelligence, and scaling without breaking a sweat.
Reactions: Calm optimism with a side of chai
A senior market analyst said, “It’s like switching from Virat to Rohit — both are winners, just different leadership styles.”
Investors are mostly upbeat. The share price saw a mild upward trend post the announcement, reflecting faith in the company’s internal talent grooming.
What’s next for shareholders?
This leadership continuity ensures that Bajaj Finance’s strategic roadmap remains steady. With tech adoption, rural penetration, and new business verticals already on track, both Jain and Saha seem primed to unlock the next ₹1 lakh crore milestone.
As the Indian proverb goes, “A wise man builds with both old bricks and new clay.” Bajaj Finance is doing just that.
📚 FACT POOL
Rajeev Jain, current MD, will become Vice Chairman and Executive Director from April 1, 2025, for 3 years.
Anup Kumar Saha, currently Deputy MD, will step in as Managing Director for the remainder of his tenure until March 31, 2028.
Bajaj Finance has over 97.12 million customers and operates in 4200+ locations.
Rajeev has led Bajaj Finance since 2007, taking it from a single-product lender to a digital finance powerhouse.
Anup is an IIT Kharagpur + IIM Lucknow alum with deep leadership stints at ICICI Bank and TU CIBIL.