Bajaj Finance Announced Leadership Change: Anup Saha Stepped Down as MD, Rajeev Jain to Take Over

On July 21, Bajaj Finance Limited announced a significant change in its leadership. Anup Kumar Saha has stepped down from his roles as Managing Director and Board Director, citing personal reasons. His resignation took effect at the close of business hours on the same day.

Reconstitution of Leadership Roles

With Saha's departure, he also ceased to serve as a Key Managerial Personnel. To ensure leadership continuity, the Board of Directors, acting on the recommendation of the Nomination and Remuneration Committee, has re-designated Rajeev Jain as Vice-Chairman and Managing Director.

Jain, who previously served as Executive Vice-Chairman, will now take on the additional responsibilities of Managing Director for the remainder of his current term, which runs until March 31, 2028. The Board expressed its gratitude to Anup Kumar Saha for his valuable contributions during his tenure.

Strong Business Performance in Q1 FY26

Bajaj Finance also reported robust financial performance for the quarter ending June 30, 2025:

• Assets Under Management (AUM): Rose 25% year-on-year to approximately ₹4.41 lakh crore. The company added ₹24,750 crore in AUM during the quarter.
• Customer Base: The customer franchise expanded to 106.51 million, up from 88.11 million a year earlier. In Q1 FY26 alone, the company added 4.69 million new customers.
• New Loan Bookings: Grew 23% YoY to 13.49 million, compared to 10.97 million in Q1 FY25.
• Deposit Book: Increased by 15% YoY to ₹72,100 crore, from ₹62,774 crore in the same period last year.

Also Read: Eternal Q1 FY26 Results: Revenue Soars, Profit Declines Sharply 

Bajaj Finance Share Performance

On July 22, 2025, Bajaj shares were trading 0.35% lower to ₹945.65, reaching a day low of ₹939.90 at 10:20 AM. Shares of Bajaj Finance closed at ₹948.95 on the BSE, up by ₹7.10 or 0.75%.

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