Exit Saha, Enter Jain: Bajaj Finance Brings Its Visionary MD Back Onboard

Image Source: Banking Frontiers

Bajaj Finance Limited has seen a swift leadership reshuffle after Anup Kumar Saha resigned as Managing Director (MD) with immediate effect, citing personal reasons. In a decisive move to ensure continuity, the board has re-designated Rajeev Jain—former MD and current Vice Chairman—as Vice Chairman and Managing Director until March 31, 2028. This seismic change comes just months after Saha succeeded Jain as MD on April 1, 2025.

Key Highlights

Leadership Change:

Anup Kumar Saha, who took over as MD from Rajeev Jain this April, has resigned suddenly due to personal reasons.
Rajeev Jain, who successfully transformed Bajaj Finance into a diversified financial powerhouse, is reinstated as Vice Chairman and Managing Director for the remainder of his existing term.

Reason for Transition:

Saha’s resignation reportedly comes amid speculation that he is a top contender for the MD & CEO role at IndusInd Bank.

Board's Statement:

The decision to re-designate Jain is aimed at preserving management continuity and business momentum. Jain will take on executive responsibilities with immediate effect, leveraging his deep experience and strategic leadership.

Business Update: