Rajiv Bajaj to step down as Non-Executive Director of Bajaj Finserv
The move comes as Rajiv Bajaj takes on greater responsibilities at Bajaj Auto following recent business developments, including the acquisition of KTM
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Published: Jun 10, 2026 8:14 AM | 1 min read
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- Rajiv Bajaj will resign from the Board of Bajaj Finserv Limited as a Non-Executive Director after the AGM on 31 July 2026.
- He has chosen not to seek re-election to focus on increased responsibilities within Bajaj Auto Ltd., including new ventures and acquisitions.
- The decision follows a similar announcement regarding his resignation from the Board of Bajaj Finance Limited, where he will also not seek re-election at its AGM on 30 July 2026.
- Rajiv Bajaj's departure is attributed to his desire to reduce external commitments and concentrate on his roles within Bajaj Auto.
Bajaj Finserv Limited has announced that Rajiv Bajaj will step down from its Board as a Non-Executive Director following the company's upcoming annual general meeting (AGM) on 31 July 2026. In a regulatory filing, the company said Rajiv Bajaj has decided not to seek re-election at the AGM as he looks to reduce his external commitments and focus on growing responsibilities within Bajaj Auto Ltd.
According to the filing, Rajiv Bajaj cited additional responsibilities arising from the establishment of Bajaj Auto Technology Ltd. and Bajaj Auto Credit Ltd., as well as Bajaj Auto's recent acquisition of KTM. In view of these developments, he informed the company of his intention to step down from the Board.
Read On: Rajiv Bajaj to step down from Bajaj Finance board after current term
Rajiv Bajaj will cease to be a director of Bajaj Finserv upon his retirement by rotation at the AGM.
The development follows a similar announcement made by Bajaj Finance Limited in April this year. In a filing dated 29 April, the company shared that Rajiv Bajaj had expressed his willingness to step down as a Non-Executive Director and would not seek re-election at its AGM scheduled for 30 July 2026.
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