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Bajaj Finance Ltd (BJFN.NS)

BJFN.NS on National Stock Exchange of India

3,464.30INR
7 Aug 2020
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Rs119.10 (+3.56%)
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Summary

Name Age Since Current Position

Rahulkumar Bajaj

82 2020 Non-Executive Non-Independent Director

Anup Saha

2020 Deputy Chief Executive Officer

Sanjivnayan Bajaj

50

Sandeep Jain

2016 Chief Financial Officer

Atul Jain

63 Chief Executive Officer - Bajaj Housing Finance Ltd

Rajeev Jain

49 2018 Managing Director, Executive Director

R. Vijay

2020 Company Secretary

Madhurkumar Bajaj

67 Non-Executive Director

Rajivnayan Bajaj

53 1994 Non-Executive Director

D. J. Balaji Rao Doveton

80 2008 Independent Non-Executive Director

Naushad Forbes

60 2020 Additional Independent Non-Executive Director

Omkar Goswami

63 2012 Non-Executive Independent Director

Gita Piramal

65 2014 Independent Non-Executive Director

Dipak Poddar

76 2008 Independent Non-Executive Director

Anami Roy

70 2020 Additional Independent Non-Executive Director

Ranjan Sanghi

76 Independent Non-Executive Director

Biographies

Name Description

Rahulkumar Bajaj

Shri. Rahulkumar Kamalnayan Bajaj has been appointed as Non-Executive Non-Independent Director of the Company effective 7/31/2020. Rahul Bajaj, born on 10 June 1938, is the Non-Executive Chairman of our Company. He is recognised as one of the most successful business leaders of India. He heads the Bajaj Group of companies, which is a leader in a variety of manufactured products and financial services in India and abroad, including motorised two and three-wheelers, home appliances, electric lamps, wind energy, special alloy and stainless steel, material handling equipment, travel, general and life insurance and investment and consumer finance.He holds an Honours degree in Economics from Delhi University, a degree in Law from Bombay University and an MBA from Harvard Business School. He is the Chairman of the Board of many companies. He was elected to the Upper House of Parliament (Rajya Sabha 2006-2010). He has received many prestigious awards and recognitions, notably the ‘Padma Bhushan’ by the Government of India in 2001, Alumni Achievement Award by the Harvard Business School and Life Time Achievement Awards from Economic Times, Ernst and Young and CNBC TV18. He was appointed Knight in the Order of the Legion of Honour by the President of the French Republic.

Anup Saha

Sanjivnayan Bajaj

Shri. Sanjivnayan Rahulkumar Bajaj is no longer serves as Non-Executive Vice Chairman of the Board of the Company effective 8/1/2020. Sanjiv Bajaj, (born on 02 November 1969), is a Non-Executive Vice Chairman of our Company. He has obtained B.E. (Mech), first class with distinction from the University of Pune, M.Sc (Manufacturing Systems Engg) with distinction from the University of Warwick, UK and MBA from Harvard Business School, USA.Sanjiv BajajBajaj Finserv operates in the insurance business through Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited, as well as in the lending business through Bajaj Finance Limited. His role includes guiding the current businesses and building new ones in the financial services space. He has been Managing Director since 2008 and recently in 2020 has also become Chairman. Since 15.10.2013, he is the Vice Chairman of Bajaj Finance Limited, Chairman of Bajaj Allianz Life Insurance Company and Bajaj Allianz General Insurance Company with effect from 01-04-2013. Was a Non-Executive Director of these two companies from their inception in 2001 up to 31 March 2013

Sandeep Jain

Shri. Sandeep Jain is Chief Financial Officer of the Company. Sandeep is the Chief Financial Officer and Head of Business Re-engineering and Investor Relations. He joined Bajaj Finance in 2008 & since then has been an integral part of the company’s growth & evolution journey from a mono-line Auto Finance company to a diversified financial services business. Between 2006 - 2008, he was a part of the Internal Audit team at Bajaj Auto handling audits in the area of materials, system, finance & indirect tax.He joined Bajaj Finance in the management accounting unit and since then has played various roles in the company that include FP&A, Strategic Planning, Executive Assistant to CEO, Investor Engagement & Head of Management accounting unit. In his current role as Head CFO and Business Head for Business Re-engineering & Investor Relations, he is responsible for improving business & functional processes with a sharp focus on straight through processes & bottom line benefits. Sandeep is a rank holder Chartered Accountant from ICAI with a Bachelor’s Degree in Commerce from Nagpur University.

Atul Jain

Rajeev Jain

Shri. Rajeev Jain serves as Managing Director, Executive Director of the Company. Rajeev Jain, (born on 06 September 1970), is the Managing Director of our Company. He is a management graduate and has more than 22 years of experience in the consumer lending industry. Rajeev has been associated with our Company for over eight years. At Bajaj Finance Limited, Rajeev has charted an ambitious growth path for the Company.Rajeev JainThe company is at an inflexion point and owes its exponential growth from a captive finance company to a most diversified non-bank in India today. The cumulative experience at GE, American Express and AIG has helped him change the course of the company and put it on a high growth path. He has vast experience in managing diverse consumer lending businesses viz. auto loans, durables loans, personal loans and credit cards.

R. Vijay

Shri. R. Vijay serves as Company Secretary of the Company. He has over 17 years of work experience in the Company Secretarial Functions and Corporate Laws. Prior to joining Bajaj Finance Limited, he was with Bosch Limited as Company Secretary. He has served as Company Secretary in well-known Indian corporates. He has wide exposure in handling various corporate actions such as Mergers, Buy back of shares and other corporate restructuring assignments.

Madhurkumar Bajaj

Shri. Madhurkumar Ramkrishnaji Bajaj serves as Non-Executive Director of the Company. He is the recipient of the 'Vikas Rattan' Award from the International Friendship Society of India, for enriching human life and outstanding achievements. He has more than 29 years of experience in a number of sectors including in the auto, consumer durables and financial services. He is the Past President of SIAM, the apex association of Indian automobile manufacturers as also the Past President of Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA), the apex Industries Association of Pune. While he has been CII's Western Region Chairman, he is the current National Council Member of Confederation of Indian Industry (CII).

Rajivnayan Bajaj

Shri. Rajivnayan Rahulkumal Bajaj serves as Non-Executive Director of the Company. He holds a B.E. (Mech) First Class with distinction from University of Pune and M.Sc. with distinction in Manufacturing Systems Engineering from University of Warwick, U.K. He has been in the erstwhile Bajaj Auto Limited (BAL) in different capacities since 19 December 1990. As President and later as Joint Managing Director, he has a technological reorientation of the company, so as to meet the existing and future competitive challenges. He became the Managing Director of the erstwhile BAL on 1 April 2005 and remained as such until 20 February 2008, i.e. the effective date for the scheme of demerger of erstwhile BAL. He then became the Managing Director of the new BAL with effect from 20 February 2008. He has received numerous prestigious awards and recognitions from reputed authorities and organisations, notable ones being World Economic Forum, Indian Institute of Materials Management, The Indian Express, Economic Times and NDTV Profit.

D. J. Balaji Rao Doveton

Shri. D. J. Balaji Rao Jagannathrao Doveton serves as Independent Non-Executive Director of the Company. He pursued his career as an Industrial Engineer for about 8 years before joining erstwhile ICICI Ltd. (since merged with ICICI Bank Ltd.) in 1970. After holding a wide range of responsibilities at various locations and positions, he reached the position of deputy managing director. He subsequently took over as the vice chairman and managing director of SCICI Ltd. in August 1996. With the merger of SCICI Ltd. with ICICI Ltd., he moved to Infrastructure Development Finance Co. Ltd. (IDFC), as its first managing director, which he served till his superannuation in January 2000. He has served as the non-executive chairman of 3M India Ltd. Between 2008 and 2014. He is on the boards of many leading companies.

Naushad Forbes

Dr. Naushad Darius Forbes Ph.D. serves as Additional Independent Non-Executive Director of the Company. Naushad Forbes, born on 13 May 1960, is a Non-Executive and Independent Director of our Company. He is the Co-chairman of Forbes Marshall, India's leading Steam Engineering and Control Instrumentation firm. He chairs the Steam Engineering Companies within the group.He was an occasional lecturer and consulting professor at Stanford University from 1987 to 2004 where he developed courses on technology in newly industrializing countries. He received his Bachelors, Masters and PhD degrees from Stanford University. He is on the Board of several educational institutions and public companies and is the chairman of Centre for Technology, Innovation and Economic Research, Pune. He has long been an active member of CII and has at various times chaired the National Committees on Higher Education, Innovation, Technology and International Business. He was President of CII for 2016–17.

Omkar Goswami

Dr. Omkar Goswami Ph.D. serves as Non-Executive Independent Director of the Company. He has taught and researched economics for 18 years at Oxford, Delhi School of Economics, Harvard, Tufts University, Jawaharlal Nehru University, Rutgers University and the Indian Statistical Institute, New Delhi. Served on several government committees including as Chairman of the Committee on Industrial Sickness and Corporate Re-structuring and as member of the Working Group on the Companies Act; the CII Committee on Corporate Governance; the Rakesh Mohan Committee on Railway Infrastructure Reform; the Vijay Kelkar Committee on Direct Tax Reforms; the Naresh Chandra Committee on Auditor-Company Relationship; the N.R. Narayana Murthy SEBI Committee on Corporate Governance Reforms, among others.

Gita Piramal

Dr. Gita Piramal Ph.D. serves as Independent Non-Executive Director of the Company. Gita Piramal, born on 4 September 1954, is a Non-Executive and Independent Director of our Company. She is currently engaged in academic research at the University of Oxford. An entrepreneur and businesswoman, author and journalist, she has a PhD in business history from Bombay University. For two decades, she contributed to several Piramal family companies in India in various positions. She launched a publishing company and a real estate company. In 2012, she retired and gave up board responsibilities and management roles. An award-winning author, she has written best-seller books, case studies, articles in international and Indian publications and commissioned and edited over 1,000 articles for The Smart Manager. She has also scripted, edited, featured and anchored television documentaries for international and Indian channels. She conceptualised and created content for three best-selling, award-winning programs for CNBC-TV18. She is associated with several trade and industry organisations, non-profit organisations and educational institutions. She is on the boards of many leading companies.

Dipak Poddar

Shri. Dipak Kumar Poddar serves as Independent Non-Executive Director of the Company. Over 40 glorious years of his career he has experience as a leading businessman in the fields of textile manufacturing, automobile tyre manufacturing, steel manufacturing and retail finance. He has served as Managing Director of Golden Tobacco Company Ltd. from 1979 to 1986. He has been a Director of VIP Industries Ltd. since 23 September 1987 and was also Managing Director of Bajaj Auto Finance Ltd. (now ‘Bajaj Finance Ltd.’) since its inception till 2008. Presently, he is the chairman of the Poddar Group and Poddar Developers Ltd. Dipak Poddar, born on 9 November 1943, is a Non-Executive and Independent Director of our Company. He is a Science Graduate and holds a Master’s Degree in Mechanical Engineering from the Massachusetts Institute of Technology, Boston, USA.

Anami Roy

Shri. Anami Narayan Prema Roy serves as Additional Independent Non-Executive Director of the Company. He is a distinguished former civil servant, having served in the Indian Police Service in Maharashtra and Government oflndia for over 3 8 years. He held a wide variety of assignments both in Maharashtra and the Central Government including Commissioner of Police, Aurangabad, Pune and Mumbai and retired as Director General of Police, Maharashtra, commanding a 2,25,000 strong Force. While in Government of India, he headed operations of the elite Special Protection Group, looking after proximate security of Prime Minister, former PMs and their families, in which capacity he travelled extensively within India and overseas and interacted with the forces and governments of many countries around the world. Known popularly as the People's Commissioner, he set up many citizen-friendly schemes and systems to resolve and fulfill people's problems and expectations like Citizen Facilitation Centres in Police Commissioner's office and later in all Police stations where all requirements of people from Police were dealt with in transparent, time-bound and hassle-free manner, Mumbai Police Info line for giving all information from and about Police through a toll-free number, Elderline for senior citizens, Slum Police Panchayat, etc. He was appointed Advisor to the Governor of Andhra Pradesh when the state was under President's rule in 2014. In that capacity, he discharged effectively the responsibilities as a Minister of many departments of the state like Home, Indus!Iy and Commerce, Housing, PWD, Health, Medical Education, Social Welfare. He also dealt with the separation of Andhra Pradesh in two states Andhra Pradesh and Telangana and supervised the General Elections of2014 in both the states.

Ranjan Sanghi

Shri. Ranjan Surajprakash Sanghi serves as Independent Non-Executive Director of the Company. He holds a bachelor’s degree in Commerce (Hons.) from the Sydenham College of Commerce and Economics, University of Mumbai. He has been associated with the Company since its incorporation.In 1983, he had the honor and privilege of being invited as a Community Leader of Younger Generation by the Japanese Foreign Ministry on a goodwill visit as a guest of Japanese Government. He was a member of Local Advisory Board of Deutsche Bank for two years. He has extensive experience in finance, marketing, automobiles and other fields. He was the President of Western India Automobiles Association, Mumbai during 1990-91.

Basic Compensation

Name Fiscal Year Total

Rahulkumar Bajaj

2,700,000

Anup Saha

--

Sanjivnayan Bajaj

4,800,000

Sandeep Jain

73,772,600

Atul Jain

--

Rajeev Jain

227,279,008

R. Vijay

10,275,900

Madhurkumar Bajaj

1,200,000

Rajivnayan Bajaj

1,500,000

D. J. Balaji Rao Doveton

2,100,000

Naushad Forbes

2,400,000

Omkar Goswami

3,600,000

Gita Piramal

2,700,000

Dipak Poddar

900,000

Anami Roy

2,100,000

Ranjan Sanghi

4,200,000
As Of  31 Mar 2020