Board of Directors

Sanjiv Bajaj is the Chairman and Managing Director of Bajaj Finserv Limited, the holding company of the financial services of the Bajaj Group.

Under his leadership, Bajaj Finserv Limited has emerged as one of India’s leading diversified financial services companies – operating at the cusp of consumer financing, online commerce, and payments.

With a consumer-first, digital approach and a culture focused on excellence through innovative disruption, he has reshaped digital consumer financing in India. He is on the board of many of his group operating companies and is a member of the Board of the Indian School of Business, a member of the International Advisory Board, Allianz SE, and the International Technology Advisory Panel of Monetary Authority of Singapore, and the Regional Stewardship Board for India and South Asia 2019-2020 of the World Economic Forum.

Sanjiv has been elected as the President of the Confederation of Indian Industry (CII) for 2022-2023. He has been engaged with the industry body for many years at the state, regional and national levels and has led the CII National Committees on Insurance & Pensions, and the CII Taskforce on Fintech.

Sanjiv is the younger son of Rahul and Rupa Bajaj and was born on November 2, 1969. He completed his Bachelor’s in Mechanical Engineering from the University of Pune and his M.Sc. in Manufacturing Systems Engineering with distinction from the University of Warwick, UK. He also holds an MBA from Harvard Business School, USA.

India needs another 10 Bajaj Finances to realise its potential

In an interview with ET Now, Sanjiv Bajaj stated, "For India to realise its full potential, the country will need another ten Bajaj Finances and ten HDFC Banks." 

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Sanjiv Bajaj says world looking up to India amid sombre mood

Over the next decade, there is no reason why India should not play a stronger role, says Sanjiv Bajaj.

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Madhur Bajaj is the Non-Executive Vice-Chairman of Bajaj Auto Limited. He also serves as a Director on the Board of other Bajaj Group Companies, including Bajaj Housing Insurance Limited, Bajaj Electricals Limited, Bajaj Finance Limited, and Bajaj Finserv Limited. Madhur is an alumnus of Doon School, Dehra Dun. He obtained his B.Com Degree from Sydenham College, Bombay, in 1973 and completed his MBA from the International Institute of Management Development, Lausanne, Switzerland, in 1979.

The International Friendship Society of India awarded Madhur the ‘Vikas Rattan’ Award to recognise his exceptional contributions towards enriching human life. From 1983 till 1993, he worked in Aurangabad and created a high-standard social infrastructure while establishing the Bajaj Auto facility. This initiative included showcasing Aurangabad through Maha Expo, the Kamalnayan Bajaj Hospital, the Nath Valley School, and organising various cultural events through Kalasagar. It enabled high-calibre executives to settle down in Aurangabad.

Madhur formerly served as President of the Society of Indian Automobile Manufacturers, Confederation of Indian Industry (Western Region), Mahratta Chamber of Commerce, Industries and Agriculture, the Apex Chamber of Pune, and the Chamber of Marathwada Industries and Agriculture. He is the current National Council Member of the Confederation of Indian Industry.

Rajiv Bajaj is the Managing Director of Bajaj Auto Limited, an Indian multinational automotive manufacturing company based in Pune.

Born on December 21, 1966, Rajiv is the elder son of Rahul and Rupa Bajaj. He graduated with a distinction in Mechanical Engineering from the University of Pune in 1988. In 1991, he earned a Master’s degree in Manufacturing Systems Engineering from the University of Warwick.

He has worked at Bajaj Auto in the departments of Manufacturing, Supply Chain (1990-1995), R&D and Engineering (1995-2000), and Marketing and Sales (2000-2005). Since March 5, 2002, he has been on the board of Bajaj Auto Limited, and from 2005, he has been serving as the company’s Managing Director. For his business leadership, entrepreneurship, and innovation, he has received numerous honours and accolades from prestigious bodies and institutions.

With Bajaj Auto Limited, his dream of being one of the top manufacturers of motorcycles and small commercial vehicles in the world is taking shape.

D.J. Balaji Rao serves as an Independent Director at Bajaj Finserv Limited. He graduated from the University of Madras with a B.E. in mechanical engineering and is an Associate Member of the Indian Institution of Industrial Engineering. In 1990, he attended the advanced management programme at the European Institute of Business Administration (INSEAD) in Fountainbleu, France.

He pursued his career as an Industrial Engineer for roughly eight years before joining erstwhile ICICI Limited (since its merger with ICICI Bank Limited) in 1970. He eventually rose to the level of Deputy Managing Director after holding various positions with varied responsibilities. He later took over as the Vice Chairman and Managing Director of SCICI Limited in August 1996. He transferred to Infrastructure Development Finance Company Limited (IDFC) as its first Managing Director post the merger of SCICI Limited and ICICI Limited.

He worked till his retirement in January 2000. Between 2008-2014, he was the Non-Executive Chairman of 3M India Limited. He serves on the boards of numerous prestigious businesses, including CMI FPE Limited, Bajaj Auto Limited, and Bajaj Finance Limited.

Dr. Naushad Forbes serves as an Independent Director at Bajaj Finserv Limited. He earned his undergraduate, postgraduate, and Ph.D. degrees from Stanford University.

Dr. Forbes is the Co-Chairman of Forbes Marshall, India’s leading team engineering and control instrumentation firm. He also chairs the steam engineering companies within the Group.

From 1987-2004, Dr. Forbes served as a consulting professor at Stanford University, where he developed courses on technology in newly industrialising countries. Additionally, he serves on the boards of various educational institutions and publicly listed companies.

The National Committees on Higher Education, Innovation, Technology, and International Business were presided over by Dr. Forbes, who has been an active member of CII for a long time. Dr. Forbes was President of CII from 2016-2017.

A N Roy (born on 15 May,1950) is a distinguished former civil servant, having served in the Indian Police Service in Maharashtra and Govt of India for over 38 years. He held a wide variety of assignments both in Maharashtra and under the Central government including Commissioner of Police, Aurangabad, Pune and Mumbai. He retired as Director General of Police, Maharashtra.

While in service, he headed the operations of the elite Special Protection Group, looking after the proximate security of the Prime Minister, former PMs and their families. Known popularly as the ‘People's Commissioner’, he set up many citizen-friendly schemes and systems to resolve and fulfil people's problems and expectations like Citizen Facilitation Centres, Mumbai Police Infoline, Elderline, Slum Police Panchayat etc.

He was appointed Advisor to the Governor of Andhra Pradesh when the state was under President's rule in 2014. In that capacity, he discharged the responsibilities as a Minister of many departments of the state like Home, Industry and Commerce, Housing, PWD, Health, Medical Education, Social Welfare. He also dealt with the separation of Andhra Pradesh into two states, Andhra Pradesh and Telangana, and supervised the General Elections of 2014 in both states.

Post-retirement, Roy is engaged in the social/non-profit sector. He runs a not-for-profit company, Vandana Foundation, to support the livelihoods of the poorest of poor in urban and rural areas.

He is on the Board of Directors of GSK India, Bajaj Finserv, Bajaj Allianz General Insurance, Bajaj Allianz Life Insurance, Bajaj Housing Finance and Finolex Industries. He is on the India advisory boards of Encore Capital Group of USA and TrueNorth Private Equity Fund.

Manish Kejriwal is a Director at Bajaj Finserv Limited. He serves as the Managing Partner of Kedaara Capital, a private equity investment fund focused on India. The firm’s investors include endowments, private and public pension funds, sovereign wealth funds, and global family offices.

Manish received an A.B. from Dartmouth College, where he graduated Magna Cum Laude with a Major in Economics and Engineering Sciences and received the Dean’s Plate. He completed his MBA from Harvard University with high distinction as a Baker Scholar.

Early in 2004, Manish established the Temasek Holdings (Private) Limited. India office, where he headed all its investments and other operations till September 2011. Manish brings over 15 years of experience, encompassing the complete cycle of private equity experiences across various industries and sectors in private and public companies and other private equity funds.

Before Temasek, Manish was a Partner at McKinsey & Company, Inc. and was part of their New York, Cleveland, and Mumbai offices. Before McKinsey, Manish worked at the World Bank in Washington D.C., and Goldman Sachs (Principal Investment/Corporate Finance) in Hong Kong. Over the years, he has been on the boards of various portfolio companies, including Temasek Holdings Advisors India, Punj Lloyd, Bharti Infratel, Fullerton Financial Holdings, and Fullerton India Credit Company.

Manish is also a member of the Alternative Investments Policy Advisory Committee, constituted by the Securities & Exchange Board of India (SEBI).

Radhika Haribhakti is an Independent Director at Bajaj Finserv Limited. Radhika Haribhakti has over 30 years of experience in commercial and investment banking, working with Bank of America, JM Morgan Stanley, and DSP Merrill Lynch. She has advised several giant corporates and led their equity and debt offerings in domestic and international capital markets. She currently provides advisory services at RH Financial but primarily serves as an Independent Director on multiple corporate boards.

She serves on the Boards of Directors of several companies, including ICRA Limited, EIH Associated Hotels Limited, Navin Fluorine International Limited, Pipeline Infrastructure Limited, Rain Industries Limited, and Torrent Power Limited. She is a member of several board committees at these companies, some of which she chairs.

Radhika Haribhakti has been closely associated with women empowerment and financial inclusion and has over 18 years of experience serving on non-profit boards, including 12 years as chairperson. She is the former Chair of Friends of Women’s World Banking (FWWB) and Swadhaar FinAccess, two non-profits engaged in providing financial solutions to women in economically disadvantaged communities. She also previously served on the Governing Council of Citigroup Micro Enterprise Award and CII’s National Committee on Women Empowerment.

Radhika Haribhakti has a graduation degree in Commerce from Gujarat University. She is also a postgraduate in management from IIM Ahmedabad.

Pramit Jhaveri is an Independent Director at Bajaj Finserv Limited. Currently, he serves as an advisor and mentor to startups, corporates, and family offices. He is an advisor at Premji Invest and Senior Advisor at PJT Partners. Before his current role, Pramit served as the Vice-Chairman - Banking for Citi, Asia Pacific. From 2010-2019, he held the position of Citibank India’s CEO. He joined Citibank in 1987 as a 23-year-old and retired from the company in November 2019 after a stellar 32-year career in banking.

Pramit serves as a Trustee on the boards of several philanthropic, non-profit entities in India. These include the Tata Trust, one of India’s oldest and most prestigious philanthropic institutions, Pratham Education Foundation, an NGO dedicated to the quality education of underprivileged children, India Foundation for the Arts, a grant-making organisation supporting practice, research, and education in the arts, and the World Monuments Fund India, an organisation involved in conserving and preserving India’s architectural heritage.

Pramit has a Bachelor of Commerce degree from Sydenham College, Mumbai University, and an MBA from the Simon School of Business, University of Rochester. He is an avid tennis player, a keen follower of cricket and soccer, and a long-standing collector of Indian contemporary art.