Risk Management Committee

Pramit Jhaveri is an Independent Director at Bajaj Finserv Limited. Currently, he serves as an advisor and mentor to startups, corporates, and family offices. He is an advisor at Premji Invest and Senior Advisor at PJT Partners. Before his current role, Pramit served as the Vice-Chairman - Banking for Citi, Asia Pacific. From 2010-2019, he held the position of Citibank India’s CEO. He joined Citibank in 1987 as a 23-year-old and retired from the company in November 2019 after a stellar 32-year career in banking.

Pramit serves as a Trustee on the boards of several philanthropic, non-profit entities in India. These include the Tata Trust, one of India’s oldest and most prestigious philanthropic institutions, Pratham Education Foundation, an NGO dedicated to the quality education of underprivileged children, India Foundation for the Arts, a grant-making organisation supporting practice, research, and education in the arts, and the World Monuments Fund India, an organisation involved in conserving and preserving India’s architectural heritage.

Pramit has a Bachelor of Commerce degree from Sydenham College, Mumbai University, and an MBA from the Simon School of Business, University of Rochester. He is an avid tennis player, a keen follower of cricket and soccer, and a long-standing collector of Indian contemporary art.

Dr. Naushad Forbes serves as an Independent Director at Bajaj Finserv Limited. He earned his undergraduate, postgraduate, and Ph.D. degrees from Stanford University.

Dr. Forbes is the Co-Chairman of Forbes Marshall, India’s leading team engineering and control instrumentation firm. He also chairs the steam engineering companies within the Group.

From 1987-2004, Dr. Forbes served as a consulting professor at Stanford University, where he developed courses on technology in newly industrialising countries. Additionally, he serves on the boards of various educational institutions and publicly listed companies.

The National Committees on Higher Education, Innovation, Technology, and International Business were presided over by Dr. Forbes, who has been an active member of CII for a long time. Dr. Forbes was President of CII from 2016-2017.

Sanjiv Bajaj is the 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 Bajaj Finance Limited, Maharashtra Scooters Limited, Bajaj Finserv Asset Management Limited, 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:

• Lokmat Maharashtrian of the Year Award 2025
• 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.

Sanjiv Nandan Sahai belongs to the Indian Administrative Service (IAS), 1986 batch. He has been a part of policy making at the highest levels, both in the Government of India and state government as Director in Prime Minister’s Office, as Additional Secretary and subsequently as Secretary in the Ministry of Power.

He also participated in formulation of several reforms from policy to delivery of services. He has the ability to build consensus, convince, and convert the stakeholders to the reform’s agenda.

He has worked in the infrastructure sector for over 25 years having the experience and first-hand knowledge of a whole range of issues such as infrastructure financing, risks, contract management in particular PPPs etc.

In addition to public sector, he had the unique opportunity of also working in the private sector as a member of the Tata Administrative Service, and later as Adviser in Infrastructure Development Finance Company (IDFC) and as MD & CEO of Delhi Integrated Multimodal Transit System Ltd (DIMTS), a privately managed joint venture company of IDFC and the Delhi Government for seven years (2007-14).

He has been a key member in the Prime Minister’s office (1998-2003), and handled, amongst others, formulation of strategies and policies for infrastructure development, including the National Highways Development Project through private sector participation, the telecom sector, senior appointments in the government of India, judiciary, armed forces, banks, public sector undertakings etc. He was a part of the Task force on Infrastructure set up by the then PM.

He also managed and turned around the performance of large public sector undertakings such as DTC and Chandigarh Housing Board.

He was the Finance Secretary of Delhi Government (2015-18) transitioned VAT to GST. Concurrently as the Chairman of Delhi Financial Corporation a statutory financial institution where he managed the risks in lending and recoveries in the SME sector, improved the quality of assets.

As the Home Secretary in the same period (2015-18) he navigated the department through contentious political and constitutional tensions. This honed understanding of legal issues, and the ability to harmonise conflicting views and bring consensus.

As the Secretary in Ministry of Power, Govt. of India (2019-21) he formulated policies to enhance the sustainability of the power sector, encouraging investment in renewables and improving grid management. Through amendments to various rules and executive orders brought significant reforms in the sector.

On superannuation in 2021 he founded and currently lead, as Director General, a think tank called the Power Foundation of India under the Ministry of Power. It is focused on policy advocacy and research to support India's energy transition. (October ’21 -Present) Concurrently the Director, Prime Ministers Museum and Library (March 22 - Present) he is tasked with establishing and managing a new museum on the Prime Ministers of India and library to promote research on modern-day India.

Educational Qualification:

• He has a Master’s in public policy, Princeton University, USA, 2004 (Specialisation: Financial Management and Economic Policy)

• Master of Arts, Delhi University, 1982. (First Division)

• Bachelor of Arts, Hindu College, Delhi University, 1980

Professional Award, Fellowships etc.

• Robert S. McNamara Fellowship from the World Bank in 2003 for a master’s degree in public policy at the Woodrow Wilson School, Princeton University.

• Awarded Governor’s Gold Medal in 1993 in recognition of leadership, exemplary administrative policy, and meritorious and dedicated service rendered in terrorism affected Changlang District, Arunachal Pradesh, specifically in the context of all-round development work and maintenance of harmony and peace between different ethnic communities.

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

1. Bajaj Allianz General Insurance Company Limited

2. Bajaj Allianz Life Insurance Company Limited

3. Sustainable Energy Infra Investment Managers Private Limited

4. Lemon Tree Hotels Limited

Anish Amin is the President and Head of the overall functions of Risk, Assurance, M&A and Human Resources at Bajaj Finserv Limited. He joined the organisation in 2019 to oversee the assurance and risk function. Later, he took up the Group’s HR function as an additional portfolio to his present responsibilities.

As the Group Head of Assurance and Risk, Anish oversees the risk management process of identifying potential risks that could lead to a capital call or affect the brand’s reputation. Additionally, he leads a team of experts to evaluate and oversee the M&A opportunities and proposals that the company may encounter.

Before joining Bajaj Finserv Limited, Anish was a Senior Partner at Dalal & Shah (a member of the PwC International Network). He was a Partner in the Assurance Practice at PricewaterhouseCoopers, India and led diverse businesses, including manufacturing, trading, finance, and insurance. Anish was also their Sectoral Leader in the insurance industry.

Anish Amin has over three decades of diverse industry experience and a proven track record in risk management, compliance with accounting standards, company law matters, and general regulatory frameworks. He leads the task force in driving the Group’s commitment towards the identification and mitigation of emerging risks.