Bajaj Finserv Director Rajiv Bajaj to Step Down

Rajiv Bajaj will step down from the board of Bajaj Finserv after deciding not to seek re-election at the company’s Annual General Meeting scheduled for July 31, 2026. The development was disclosed through a regulatory filing, marking a notable leadership change within the Bajaj Group.

The decision comes as Bajaj takes on expanded responsibilities at Bajaj Auto, where he serves as Managing Director. In recent years, the automobile major has undertaken several strategic initiatives, including the establishment of Bajaj Auto Technology Ltd. and Bajaj Auto Credit Ltd., alongside the acquisition and integration of KTM. These developments have significantly increased his leadership responsibilities.

As a result, Bajaj has chosen to reduce his commitments outside the core automotive business and focus on driving Bajaj Auto’s long-term growth strategy. Upon retirement by rotation at the AGM, he will cease to be a director of Bajaj Finserv.

Rajiv Bajaj has been closely associated with the Bajaj Group’s evolution over the years and has played an important role in supporting the group’s businesses. His departure from the board comes at a time when Bajaj Finserv continues to expand its presence across financial services, insurance, lending, and wealth management.

The board of Bajaj Finserv has acknowledged his decision and expressed appreciation for his contributions during his long association with the company. His exit represents another important step in the ongoing leadership evolution across the Bajaj Group’s businesses as they pursue distinct growth priorities in their respective sectors.