There has been a major reshuffle at the high level in the finance sector giant Bajaj Finance. According to the report, the managing director of the company has resigned from his post (Bajaj Finance MD Resigns). After the resignation of Anup Kumar Saha, the Non-Banking Finance Company Board has re-appointed Vice Chairman Rajeev Jain as MD.
Saha joined the company in 2017
Anoop Kumar Saha joined Bajaj Finance in the year 2017. Saha has been credited to promoting changes in business, from starting new initiatives to the expansion of access to customer and leading the company’s outlook in the finance sector. Looking at the information on the company’s website, Anoop Saha, an alumnus of IIT Kharagpur and IIM Lucknow (IIM Lucknow), is known for integrating technology in the financial sector.
MD was made four months ago
Significantly, Anoop Kumar Saha has 25 years of experience in the finance sector, while a total of 32 years experience. Prior to Bjaj Finance, he has served for 14 years at ICICI Bank and reached the post of Senior General Manager of ICICI Bank. Bajaj Finance has announced that his managing director, Anoop Kumar Saha, has resigned from the company citing personal reasons. Let us know that Saha was appointed four months ago on 1 April on MD post.
Rajiv Jain will remain MD till 2028
After the resignation of Anoop Kumar Saha from the post of MD of Bajaj Finance, the company has appointed Rajiv Jain as MD till 31 March 2028. Along with this, he will also continue to fulfill the current responsibility of the Vice Chairman of the company. The statement issued by the company said that after Rajiv Jain took over this position again, Bajaj Finance will continue to grow its strong development in India’s competitive financial service sector.
The effect of change will be seen on the stock!
The impact of this major change in the top leadership in Bajaj Finance can be seen on the company’s stock on Tuesday. On the last trading day, on Monday, the Bajaj Finance Share was close to Rs 948 with a slight lead. Earlier, this finance company, with a market value of Rs 58950 crore, was opened at Rs 938.90 and went up to a high level of Rs 951, while the day of Rs 937.35 went to low-level of the day of Rs 937.35.
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