Bajaj Finance, a major player in India’s non‑banking financial services sector, has announced a key leadership change. Anup Kumar Saha has resigned from his position as Managing Director (MD), and the board has swiftly reinstated Vice Chairman Rajeev Jain to serve as MD through March 31, 2028.
Quick Transition After Saha’s Resignation
Saha, who joined Bajaj Finance in 2017, was elevated to MD on April 1, 2024. Known for driving innovation and integrating technology in the finance sector, he played a crucial role in expanding the company’s customer base and modernising service delivery. Saha holds degrees from IIT Kharagpur and IIM Lucknow and has 32 years of industry experience, including 14 years at ICICI Bank, where he rose to Senior General Manager.
Citing personal reasons, Saha resigned after just four months as MD. The board acted promptly, reinstating Rajeev Jain, who retains his position as Vice Chairman, to the helm. Jain’s appointment extends until March 31, 2028, reflecting the company’s commitment to stability.
Market Reaction and Future Strategy
Investors are watching closely for the market reaction to the leadership switch. On Monday, Bajaj Finance shares closed at ₹948, following an intraday range of ₹937.35 to ₹951. The company, now valued at ₹5.85 lakh crore, opened that day at ₹938.90.
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With Jain back in charge, Bajaj Finance aims to sustain its strong growth trajectory in the competitive financial services landscape. In an official statement, the board emphasised that the company remains positioned for development and expansion under Jain’s renewed leadership.
The company’s forward strategy is expected to focus on technological innovation and customer reach. Analysts anticipate continuity in initiatives launched under Saha, with added emphasis on stability and long‑term growth during Jain’s tenure.