Rajiv Bajaj to step down from Bajaj Finserv board, cites growing responsibilities at Bajaj Auto
Rajiv Bajaj, Non-Executive Director at Bajaj Finserv, will resign from the board at the upcoming AGM on July 31, 2026, to focus on his expanded role as Managing Director of Bajaj Auto. His departure follows Bajaj Auto's recent expansion into technology, financing, and international motorcycle markets, including the acquisition of Austrian motorcycle maker KTM.
Rajiv Bajaj, currently the Managing Director of Bajaj Auto, will step down from his position as a Non-Executive Director at Bajaj Finserv. The resignation will take effect at the company’s annual general meeting (AGM) on July 31, 2026, as he prioritizes growing responsibilities at Bajaj Auto and its group businesses. Bajaj Finserv confirmed the decision in an exchange filing on June 9, stating that Rajiv Bajaj will not seek re-election at the AGM and will retire by rotation. The company disclosed the information on June 8 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. Rajiv Bajaj has been part of the Bajaj group for decades and currently oversees Bajaj Auto’s expansion into technology, financing, and international markets. This includes the establishment of Bajaj Auto Technology and Bajaj Auto Credit, as well as the recent acquisition of Austrian motorcycle manufacturer KTM. The AGM on July 31 will formalize his departure from the Bajaj Finserv board, marking the end of his tenure with the financial services arm of the group. His focus will now shift entirely to Bajaj Auto’s strategic initiatives and global growth.
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