Review Committee for Wilful Defaulter's Identification

Sanjiv Bajaj is the Chairman of Bajaj Finance Ltd and Chairman and Managing Director of Bajaj Finserv Limited, the holding company of the financial services businesses of the Bajaj Group, one of India’s oldest and largest conglomerates, with consolidated revenue of over ₹ 1,10,383 crore ($ 13.30 billion) and consolidated profit after tax of over ₹ 8,148 crore ($982 million) for FY2023-24.

Under his leadership, Bajaj Finserv Limited has emerged as one of India’s leading diversified financial services companies with solutions across lending, life insurance, general insurance and investments. With a consumer-first, digital approach and a culture focused on innovation, he has reshaped digital consumer financing in India.

Sanjiv is on the board of his group operating companies as the Chairman of Maharashtra Scooters Limited, Bajaj Finserv Asset Management, Bajaj Housing Finance Limited and the two insurance subsidiaries, i.e., Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited. He is also the Managing Director of Bajaj Holdings & Investment Limited (since 2012) and serves as a non-executive director at Bajaj Auto Limited.

Sanjiv was the President of the Confederation of Indian Industry (CII), FY 2022-23. He was a member of the Steering Committee appointed by the Government of India for B20 as part of India’s G20 Presidency FY 2022-23.

Sanjiv is an alumnus of the Harvard Business School, USA. He is a member of the Board of the Indian School of Business (ISB) and the Regional Stewardship Board for India and South Asia 2019-2020 of the World Economic Forum. Over the years, he has received several prestigious honours for his contribution to the financial services space, including:

• AIMA-JRD Tata Corporate Leadership Award for the Year 2023
• The Lakshmipat Singhania IIM Lucknow National Leadership Award, 2023, received from the Hon’ble President of India Smt. Droupadi Murmu
• AIMA’s Transformational Business Leader 2023
• AIMA’s Entrepreneur of the year 2019
• Economic Times Business Leader of the year 2018
• Financial Express Best Banker of the year 2017
• Ernst & Young Entrepreneur of the year in 2017
• Transformational Leader award at the 5th Asia Business Responsibility Summit in 2017
• Business World’s Most Valuable CEOs in India for 2015 and 2016

Sanjiv has a Bachelor’s degree in Mechanical Engineering from the University of Pune, a Master’s degree in Manufacturing Systems Engineering from the University of Warwick, UK, and a Master’s degree in Business Administration from the Harvard Business School, USA. He lives in Pune, Maharashtra, with his wife, Shefali and their two children.

His directorships and other full-time positions in bodies corporates are as follows:

1. Bajaj Finserv Limited
2. Bajaj Holdings & Investment Limited
3. Maharashtra Scooters Limited
4. Bajaj Housing Finance Limited
5. Bajaj Auto Limited
6. Bajaj Allianz General Insurance Company Limited
7. Bajaj Allianz Life Insurance Company Limited
8. Bajaj Finserv Asset Management Limited
9. Bajaj Auto Holdings Limited
10. Bachhraj & Company Private Limited
11. Bachhraj Factories Private Limited
12. Bajaj Sevashram Private Limited
13. Kamalnayan Investment & Trading Pvt. Limited
14. Rupa Equities Private Limited
15. Sanraj Nayan Investments Private Limited
16. Jamnalal Sons Private Limited
17. Rahul Securities Pvt. Limited
18. Mahakalpa Arogya Pratisthan
19. Indian School of Business
20. Bhoopati Shikshan Pratisthan

Rajeev Jain is the Managing Director and a member of the executive management team of Bajaj Finance Limited. Charting an ambitious growth trajectory for the company, Rajeev has transformed it from a captive auto financing company into one of India’s largest and most diversified NBFC companies.

Rajeev joined Bajaj Finance Limited in 2007 as the CEO. Since then, he has been leading the company towards a ‘new way of doing business’ by envisaging it as an omnipresent financial services company that enables customers to engage, transact, and get serviced seamlessly – online and offline.

An unwavering champion of innovation and disruptive ideas, Rajeev harnessed the power of digital technologies to deliver faster solutions and seamless experiences for customers amidst a rapidly evolving digital landscape.

Rajeev is an industry veteran with nearly three decades of stellar experience managing diverse consumer lending businesses, including auto loans, durable loans, personal loans, and credit cards. He has spent a decade and a half with Bajaj Finance Limited, driving long-term, profitable businesses and large-scale digital transformations to create long-term value for shareholders.

Before Bajaj Finance, he worked with GE, American Express, and AIG.

Rajeev holds a Bachelor’s degree in Commerce from the American College in Madurai and a Management degree from the T.A. Pai Management Institute, Manipal.

He is also on the Board of Bajaj Housing Finance Limited as its Non-Executive Vice-Chairman.

Anami N Roy is an Independent Director at Bajaj Finance Limited. He is a well-known former civil servant. He was head of operations of the elite Special Protection Group while in Govt. of India, supervising security of Prime Minster and former PMs during the tenure of four PMs during which he had the opportunity to work and interact with elite forces of all States in India and many countries of the world.

During his nearly four decades of dedicated tenure in the Indian Police Service, Shri Roy held variety of challenging assignments both in Maharashtra and Govt. of India including Police Commissioner of Mumbai and Director General of Police, Maharashtra State. He launched multiple innovative initiatives and schemes for time-bound and simplified delivery for people’s expectations from the Police towards making Police more accessible to people. Passionate about bringing in technology in multiple areas of policing, his Mumbai Police Infoline, Citizen Facilitation Centers, Elderline are some of those which became very popular and useful and made him known as “People’s Commissioner”. Post retirement, he is engaged in the social/non-profit sector; and runs a not-for-profit company, Vandana Foundation for supporting people at the bottom of the pyramid with livelihood.

He is on the Board of many prominent companies. He is also involved in many other companies in an Advisory capacity. He brings with him a wide and rich experience of public service and functioning of governments at the state and central level.

His directorships and other full-time positions in bodies corporates are as follows:

1. Bajaj Finserv Limited
2. Bajaj Auto Limited
3. Bajaj Housing Finance Limited
4. GlaxoSmithKline Pharmaceuticals Limited
5. Siemens Limited
6. Bajaj Allianz General Insurance Company Limited
7. Bajaj Allianz Life Insurance Company Limited
8. Good Host Spaces Private Limited
9. Vandana Foundation

Radhika Haribhakti is an Independent Director at Bajaj Finance Limited. She has over 30 years of experience in commercial and investment banking, working with Bank of America, JM Morgan Stanley, and DSP Merrill Lynch. She has advised several giant corporates and led their equity and debt offerings in domestic and international capital markets. She currently provides advisory services at RH Financial but primarily serves as an Independent Director on multiple corporate boards.

Radhika Haribhakti has been closely associated with women empowerment and financial inclusion and has over 18 years of experience serving on non-profit boards, including 12 years as chairperson. She is the former Chair of Friends of Women’s World Banking (FWWB) and Swadhaar FinAccess, two non-profits engaged in providing financial solutions to women in economically disadvantaged communities. She also previously served on the Governing Council of Citigroup Micro Enterprise Award and CII’s National Committee on Women Empowerment.

Radhika Haribhakti has a graduation degree in Commerce from Gujarat University. She is also a postgraduate in management from IIM Ahmedabad.

Her directorships and other full-time positions in bodies corporates are as follows:

1. Bajaj Finserv Limited
2. EIH Associated Hotels Limited
3. Torrent Power Limited
4. NOCIL Limited
5. Data Link Investment Manager Private Limited
6. Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation Ltd