The board of directors of Bajaj Finance on Thursday approved the elevation of Rajeev Jain as Vice-Chairman and Anup Kumar Saha as Managing Director.
Jain’s existing tenure as Managing Director ends on March 31. He will be Vice-Chairman in the capacity of an Executive Director for a period of three years effective April 1.
Jain joined the Bajaj Finserv Group in 2007 as the Chief Executive Officer of Bajaj Finance and became the Managing Director in 2015.
Saha, who is the Deputy Managing Director and whose term is up to March 31 2028, will be the Managing Director of the Company from April 1, 2025, to March 31 2028.
Before joining Bajaj Finance, Saha spent 14 years at ICICI Bank, rising to Senior General Manager and serving on the Board of ICICI Bank HFC and TU CIBIL.
