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 process and energy efficiency company. He was an occasional lecturer and consulting professor at Stanford University from 1987 to 2004, where he developed courses on technology in newly industrialising countries. He received his Bachelor, Masters and PhD degrees from Stanford University.
He is on the board of several educational institutions and public companies and Chairman of the 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. He is a founding member of Nayanta University, a full service university opening in 2024, spearheaded by CII.
His book, The Struggle and the Promise: Restoring India’s Potential, was published by HarperCollins in 2022.
His directorships and other full-time positions in bodies corporates are as follows:
1. Bajaj Finserv Limited
2. Bajaj Holdings & Investment Limited
3. Bajaj Auto Limited
4. Zodiac Clothing Company Limited
5. Forbes Marshall Private Limited
6. Krohne Marshall Pvt Limited
7. Forbes Marshall Arca Private Limited
8. J N Marshall Private Limited
9. Forbesvyncke Private Limited
10. Forbes Marshall (Hyd) Private Limited
11. Forbes Marshall Holding PTE Ltd.
12. Codel International Inc. UK
13. Forbes Marshall Husni
14. Forbes Marshall Inc.
15. Forbes Marshall Private Ltd, Bangladesh
16. Forbes Marshall International PTE Ltd, Singapore
17. Ralson Tyres Limited
18. Forbes Marshall (Thailand) Company Limited
19. Centre for Technology Innovation and Economic Research
20. CTIER Impact Forum
21. CSEP Research Foundation
22. Nayanta Education Foundation
23. Singapore India Partnership Foundation (India)
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 process and energy efficiency company. He was an occasional lecturer and consulting professor at Stanford University from 1987 to 2004, where he developed courses on technology in newly industrialising countries. He received his Bachelor, Masters and PhD degrees from Stanford University.
He is on the board of several educational institutions and public companies and Chairman of the 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. He is a founding member of Nayanta University, a full service university opening in 2024, spearheaded by CII.
His book, The Struggle and the Promise: Restoring India’s Potential, was published by HarperCollins in 2022.
His directorships and other full-time positions in bodies corporates are as follows:
1. Bajaj Finserv Limited
2. Bajaj Holdings & Investment Limited
3. Bajaj Auto Limited
4. Zodiac Clothing Company Limited
5. Forbes Marshall Private Limited
6. Krohne Marshall Pvt Limited
7. Forbes Marshall Arca Private Limited
8. J N Marshall Private Limited
9. Forbesvyncke Private Limited
10. Forbes Marshall (Hyd) Private Limited
11. Forbes Marshall Holding PTE Ltd.
12. Codel International Inc. UK
13. Forbes Marshall Husni
14. Forbes Marshall Inc.
15. Forbes Marshall Private Ltd, Bangladesh
16. Forbes Marshall International PTE Ltd, Singapore
17. Ralson Tyres Limited
18. Forbes Marshall (Thailand) Company Limited
19. Centre for Technology Innovation and Economic Research
20. CTIER Impact Forum
21. CSEP Research Foundation
22. Nayanta Education Foundation
23. Singapore India Partnership Foundation (India)
Rajeev Jain
Member
Rajeev joined the Bajaj Finserv Group in 2007 as the Chief Executive Officer of Bajaj Finance Ltd and became the Managing Director in 2015. His leadership has enabled Bajaj Finance to transform itself from a captive single-product auto finance company to an omnipresent and technology-driven agile financial powerhouse, offering the entire spectrum of loan products, payments and investments to consumers and businesses.
Under his strategic direction, Bajaj Finance has brought millions of new-to-credit consumers into the formal financial system, empowering them with finance for life’s everyday needs.
An industry veteran with nearly 3 decades of stellar experience in managing diverse consumer lending businesses, viz., auto loans, durable loans, personal loans and credit cards, Rajeev has spent 18 years with Bajaj Finance, driving sustainable businesses and large-scale digital transformations to create long-term value for stakeholders.
Known and admired for his innovative and disruptive ideas, Rajeev has harnessed the power of emerging digital technologies to deliver faster solutions and frictionless experiences to customers in a rapidly changing digital landscape.
As Vice-Chairman of Bajaj Housing Finance Limited, he guides the management team to navigate its strategic roadmap. He has also been appointed as Non-Executive and Non-Independent Director on the Board of Bajaj Finserv Limited.
Prior to Bajaj Finance, Rajeev worked with GE, American Express and the American International Group (AIG), serving in various senior leadership roles. As Deputy CEO of the consumer lending business at AIG, Rajeev built the strategic framework for AIG Consumer business’s foray into India.
Rajeev is a management graduate from the T. A Pai Management Institute, Manipal, with a bachelor's degree in Commerce from the American College, Madurai.
Rajeev joined the Bajaj Finserv Group in 2007 as the Chief Executive Officer of Bajaj Finance Ltd and became the Managing Director in 2015. His leadership has enabled Bajaj Finance to transform itself from a captive single-product auto finance company to an omnipresent and technology-driven agile financial powerhouse, offering the entire spectrum of loan products, payments and investments to consumers and businesses.
Under his strategic direction, Bajaj Finance has brought millions of new-to-credit consumers into the formal financial system, empowering them with finance for life’s everyday needs.
An industry veteran with nearly 3 decades of stellar experience in managing diverse consumer lending businesses, viz., auto loans, durable loans, personal loans and credit cards, Rajeev has spent 18 years with Bajaj Finance, driving sustainable businesses and large-scale digital transformations to create long-term value for stakeholders.
Known and admired for his innovative and disruptive ideas, Rajeev has harnessed the power of emerging digital technologies to deliver faster solutions and frictionless experiences to customers in a rapidly changing digital landscape.
As Vice-Chairman of Bajaj Housing Finance Limited, he guides the management team to navigate its strategic roadmap. He has also been appointed as Non-Executive and Non-Independent Director on the Board of Bajaj Finserv Limited.
Prior to Bajaj Finance, Rajeev worked with GE, American Express and the American International Group (AIG), serving in various senior leadership roles. As Deputy CEO of the consumer lending business at AIG, Rajeev built the strategic framework for AIG Consumer business’s foray into India.
Rajeev is a management graduate from the T. A Pai Management Institute, Manipal, with a bachelor's degree in Commerce from the American College, Madurai.
Anup Saha
Member
Anup joined Bajaj Finance Ltd. in 2017. He has a 32-year of impressive track record. He has served 25 years in the financial services industry of which 14 years was with a bank and 11 years with non-bank entities. He leads amid industry changes, focusing on business performance and transformation. Anup drives strategy, critical thinking, and execution along with the committed senior management team and more than 60,000 Bajaj Finance employees. Together, they deliver sustainable growth and foster a risk-first, technology-focused financial services company centered around customer and all stakeholders. With the support of this dedicated team, Anup ensures that Bajaj Finance remains at the forefront of the industry, consistently achieving shared success and benefiting all stakeholders by serving 97.12 Mn customers across 4200+ locations and 67Mn in its Consumer App.
Anup transformed existing businesses, launched new ones, expanded customer reach, and drove growth. He fosters a culture of innovation and customer-centricity, aligning with the Company's vision to dominate India's financial services. He is also committed to financial inclusion, integrating technology for enhanced reach and convenience.
Before joining Bajaj Finance, Anup spent 14 years at ICICI Bank, rising to Senior General Manager and serving on the Board of ICICI Bank HFC and TU CIBIL.
He led various businesses including credit cards, mortgages, auto loans, and structured finance. Anup also oversaw the Construction Realty Funding, Dealer Funding, Business Intelligence, and Debt Servicing groups, transforming debt management practices, and rebuilding secured asset businesses. He established the Business Intelligence Unit, developing analytics and managing the enterprise data warehouse.
Anup holds an engineering degree from IIT Kharagpur and an MBA from IIM Lucknow.
Anup does not hold any directorships or full-time positions in any other body corporate.
Anup joined Bajaj Finance Ltd. in 2017. He has a 32-year of impressive track record. He has served 25 years in the financial services industry of which 14 years was with a bank and 11 years with non-bank entities. He leads amid industry changes, focusing on business performance and transformation. Anup drives strategy, critical thinking, and execution along with the committed senior management team and more than 60,000 Bajaj Finance employees. Together, they deliver sustainable growth and foster a risk-first, technology-focused financial services company centered around customer and all stakeholders. With the support of this dedicated team, Anup ensures that Bajaj Finance remains at the forefront of the industry, consistently achieving shared success and benefiting all stakeholders by serving 97.12 Mn customers across 4200+ locations and 67Mn in its Consumer App.
Anup transformed existing businesses, launched new ones, expanded customer reach, and drove growth. He fosters a culture of innovation and customer-centricity, aligning with the Company's vision to dominate India's financial services. He is also committed to financial inclusion, integrating technology for enhanced reach and convenience.
Before joining Bajaj Finance, Anup spent 14 years at ICICI Bank, rising to Senior General Manager and serving on the Board of ICICI Bank HFC and TU CIBIL.
He led various businesses including credit cards, mortgages, auto loans, and structured finance. Anup also oversaw the Construction Realty Funding, Dealer Funding, Business Intelligence, and Debt Servicing groups, transforming debt management practices, and rebuilding secured asset businesses. He established the Business Intelligence Unit, developing analytics and managing the enterprise data warehouse.
Anup holds an engineering degree from IIT Kharagpur and an MBA from IIM Lucknow.
Anup does not hold any directorships or full-time positions in any other body corporate.
Ajay Kumar Choudhary
Member
Mr. Ajay Kumar Choudhary is a distinguished central banker with an illustrious career spanning over three decades at the Reserve Bank of India (RBI). He concluded his dedicated service to the institution as its Executive Director in October 2023. Mr. Choudhary has a proven track record and accomplishments in the domain of Banking Regulation, Supervision, FinTech and Payments and Settlement Systems areas in various capacities.
Mr. Choudhary is presently a Non-Executive Chairman of the Board and Independent Director of National Payments Corporation of India (NPCI) and all its three subsidiaries. He is also an Independent Director in the Boards of a few more entities and acts as senior advisor to some other firms.
In his multifaceted role at the RBI, Mr. Choudhary expertly navigated various responsibilities, including overseeing banking regulation and supervision, currency management, payments and settlement, and other critical functions both at the Central Office and Regional Offices. His leadership also extended to key departments such as the FinTech Department and Risk Monitoring Department. Notably, he spearheaded the RBl's developmental and innovative initiatives in critical areas such as the Implementation of Central Bank Digital Currency (CBDC), formulation of a strategic approach towards Crypto Assets, potential regulatory guardrails concerning Fin-Techs, operationalization of Tech-Sprint and regulatory sandboxes, RBI Innovation Hub, and comprehensive oversight over all facets of Fin-Techs. One of Mr. Choudhary's significant achievements was his pivotal role in the Implementation of Platform on Frictionless Credit (now known as ULI), showcasing his forward- thinking approach to fostering innovation within the financial sector.
Mr. Choudhary represented the Reserve Bank of India in different international groups and Forums. He headed RBI team for successful conduct of Regulatory Consistency Assessment Program (RCAP) of India conducted by BCBS and was also part of international teams for RCAP and other assignments in different jurisdictions. He also served as Director of Supervision of Bank of Mauritius at Mauritius, with the responsibility for regulation and supervision of Banks, Non - Bank Deposit Taking Institutions and Forex Dealers.
Mr. Choudhary's published papers inter-alia included papers on the subject of Countercyclical capital buffers, Capital requirement for sovereign assets, Default Experience of Credit Rating Agencies in India, Corporate Insolvency Regime and its Implications for the Indian Banking system.
His directorships and other full-time positions in bodies corporates are as follows-
1. National Payments Corporation of India
2. NPCI Bharat BillPay Limited
3. NPCI International Payments Limited
4. NPCI BHIM Services Limited
5. Truhome Finance Limited
6. Aurionpro Solutions Limited
7. ACER Credit Rating Private Limited
Mr. Ajay Kumar Choudhary is a distinguished central banker with an illustrious career spanning over three decades at the Reserve Bank of India (RBI). He concluded his dedicated service to the institution as its Executive Director in October 2023. Mr. Choudhary has a proven track record and accomplishments in the domain of Banking Regulation, Supervision, FinTech and Payments and Settlement Systems areas in various capacities.
Mr. Choudhary is presently a Non-Executive Chairman of the Board and Independent Director of National Payments Corporation of India (NPCI) and all its three subsidiaries. He is also an Independent Director in the Boards of a few more entities and acts as senior advisor to some other firms.
In his multifaceted role at the RBI, Mr. Choudhary expertly navigated various responsibilities, including overseeing banking regulation and supervision, currency management, payments and settlement, and other critical functions both at the Central Office and Regional Offices. His leadership also extended to key departments such as the FinTech Department and Risk Monitoring Department. Notably, he spearheaded the RBl's developmental and innovative initiatives in critical areas such as the Implementation of Central Bank Digital Currency (CBDC), formulation of a strategic approach towards Crypto Assets, potential regulatory guardrails concerning Fin-Techs, operationalization of Tech-Sprint and regulatory sandboxes, RBI Innovation Hub, and comprehensive oversight over all facets of Fin-Techs. One of Mr. Choudhary's significant achievements was his pivotal role in the Implementation of Platform on Frictionless Credit (now known as ULI), showcasing his forward- thinking approach to fostering innovation within the financial sector.
Mr. Choudhary represented the Reserve Bank of India in different international groups and Forums. He headed RBI team for successful conduct of Regulatory Consistency Assessment Program (RCAP) of India conducted by BCBS and was also part of international teams for RCAP and other assignments in different jurisdictions. He also served as Director of Supervision of Bank of Mauritius at Mauritius, with the responsibility for regulation and supervision of Banks, Non - Bank Deposit Taking Institutions and Forex Dealers.
Mr. Choudhary's published papers inter-alia included papers on the subject of Countercyclical capital buffers, Capital requirement for sovereign assets, Default Experience of Credit Rating Agencies in India, Corporate Insolvency Regime and its Implications for the Indian Banking system.
His directorships and other full-time positions in bodies corporates are as follows-
1. National Payments Corporation of India
2. NPCI Bharat BillPay Limited
3. NPCI International Payments Limited
4. NPCI BHIM Services Limited
5. Truhome Finance Limited
6. Aurionpro Solutions Limited
7. ACER Credit Rating Private Limited
Mudit Mehrish
Member
Mudit has taken over role of Chief Information Officer. He has been with the company for 11 year and his role includes Data, Business Applications, Business Intelligence, IT Infrastructure among other things.
Mudit has taken over role of Chief Information Officer. He has been with the company for 11 year and his role includes Data, Business Applications, Business Intelligence, IT Infrastructure among other things.
