Bajaj Finance's MD Anup Saha moves on, Rajeev Jain takes over

Rajeev Jain has been re-designated as Executive Vice-Chairman and Managing Director of the company, effective July 21, 2025

by e4m Desk
Published: Jul 22, 2025 1:03 PM | 2 min read

Anup Saha, who served as Managing Director of Bajaj Finance, has stepped down from his position citing personal reasons, according to the company’s regulatory filing.

Saha has also ceased to be a director on the company’s board. “On 21 July 2025, Mr. Anup Kumar Saha has tendered his resignation as the Managing Director of Bajaj Finance Limited and a Director from the Board of Directors of the Company (the “Board”) due to personal reasons”, the filing stated.

The company stated that the Board has accepted the resignation of Anup Kumar Saha as the Managing Director of the Company and as a Director on the Board, with effect from close of business hours as on July 21, 2025.

Rajeev Jain has been re-designated as Executive Vice-Chairman and Managing Director of the company, effective July 21, 2025, until the remainder of his term, i.e., till 31 March 2028.

“Consequent to the resignation of Anup Kumar Saha and in the interest of continuity of management, the Board, pursuant to the recommendation of Nomination and Remuneration Committee of the Company and the applicable provisions of the Companies Act, 2013, has, in addition to Rajeev Jain’s existing powers and roles as Executive Vice-Chairman of the Company, vested him with the powers, roles and responsibilities of management of the Company and re-designated him as ViceChairman and Managing Director (“VC & MD”) of the Company for the remainder of his term i.e. till 31 March 2028”, the filing added.