Leadership rejig at Bajaj Finance, new MD appointed

In a move aimed at ensuring continuity of leadership, the company’s Board has re-designated Rajeev Jain as Vice Chairman and Managing Director (VC & MD) for the remainder of his current term, which extends until March 31, 2028. Jain was already serving as Executive Vice-Chairman. 

“The Board, under the recommendation of the Nomination and Remuneration Committee and in accordance with the applicable provisions of the Companies Act, 2013, has vested Mr. Rajeev Jain with the full powers, roles, and responsibilities of management,” the filing added. The reshuffle reflects Bajaj Finance’s focus on stable and experienced leadership amid an evolving financial services landscape. 

An industry veteran with roughly 30 years of experience in consumer lending, Jain has driven large‑scale digital transformation initiatives, introduced millions of new-to-credit consumers into the formal financial system, and earned a reputation for disruptive ideas and innovation-led leadership. 

Before joining Bajaj, Jain held senior leadership positions at GE, American Express, and AIG, where as Deputy CEO he played a key role in shaping AIG’s entry into India’s consumer lending market Educated at T. A. Pai Management Institute, Manipal (management), and the American College, Madurai (commerce undergraduate), he is widely respected as a visionary architect of modern, digital-first financial services in India.