Rajiv Bajaj to Depart Bajaj Finance Board After Current Term
Rajiv Bajaj to step down as Bajaj Finance director after end of term
Business Standard
Image: Business Standard
Rajiv Bajaj will step down as a non-executive director of Bajaj Finance, opting not to seek re-election at the upcoming annual general meeting on July 30, 2026. Currently the managing director of Bajaj Auto, he is recognized for his significant contributions during his tenure with the company.
- 01Rajiv Bajaj will not seek re-election as non-executive director of Bajaj Finance.
- 02His term will conclude at the annual general meeting scheduled for July 30, 2026.
- 03Bajaj is also the managing director of Bajaj Auto, a leading two-wheeler manufacturer in India.
- 04Bajaj Finance reported a 23% year-on-year increase in standalone net profit for Q4 2026.
- 05The board expressed its appreciation for Bajaj's contributions during his long association with the company.
Advertisement
In-Article Ad
Rajiv Bajaj, the non-executive director of Bajaj Finance, has announced he will step down from the board and will not seek re-election at the upcoming annual general meeting on July 30, 2026. Currently serving as the managing director of Bajaj Auto, one of India's largest two-wheeler manufacturers, Bajaj has played a significant role in the company. The board of directors acknowledged his contributions and expressed appreciation for his long service. In a recent regulatory filing, Bajaj Finance reported a strong performance for the fourth quarter of 2026, with a standalone net profit of ₹4,839.50 crore (approximately $580 million USD), reflecting a 23% increase from ₹3,940.44 crore (about $480 million USD) in the same period last year. This financial growth underscores the company's robust operational performance even as it prepares for leadership changes.
Advertisement
In-Article Ad
Rajiv Bajaj's departure may lead to shifts in corporate governance at Bajaj Finance, potentially affecting investor confidence and company strategy.
Advertisement
In-Article Ad
Reader Poll
What impact do you think Rajiv Bajaj's departure will have on Bajaj Finance?
Connecting to poll...
More about Bajaj Finance
Read the original article
Visit the source for the complete story.