Sanjiv Bajaj | |
|---|---|
 | |
| Born | 2 November 1969 |
| Nationality | Indian |
| Alma mater | University of Pune, University of Warwick, Harvard University |
| Occupation | Businessman |
| Title | Chairman & MD, Bajaj Finserv |
| Term | 2008–present |
| Spouse | Shefali Bajaj |
| Children | 2 |
| Parent(s) | Rahul Bajaj, Ruparani Bajaj |
| Relatives | See Bajaj Family |
Sanjiv Bajaj (born 2 November 1969) is an Indian billionaire businessman who currently serves as the Chairman and Managing Director of Bajaj Finserv. [1] [2]
Born into the Bajaj family, Sanjiv is the great-grandson of founder Jamnalal Bajaj and the younger son of Bajaj Group chairman Rahul Bajaj. [3] He completed his education at a Swiss missionaries-run Catholic convent school. [4] He then pursued his mechanical engineering degree from the University of Pune, masters degree in manufacturing systems engineering from the University of Warwick, and his management degree from Harvard Business School. [5] [6] [7]
Bajaj began his career in 1994 with Bajaj Auto. [8] [9] During his years at Bajaj Auto, he dabbled in various roles, [10] [11] including heading finance, legal, & international business functions within the organisation. [12] [13] [14] He was credited with bringing American-style supply chain management to Bajaj Auto, using General Motors as a model. [15] In addition to adopting top management methods, he advocates for a frugal business model [16] and the "break to grow" philosophy. [17] Currently, he is serving as the non-executive director of Bajaj Auto. [18]
After Bajaj Auto's demerger in 2007, Bajaj took charge as the managing director of Bajaj Finserv. [19] [20] Also, he took on additional roles like the chairman of Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance, vice chairman of Bajaj Finance, and managing director of Bajaj Holdings & Investment Limited in 2012. [21]
By 2017, under his leadership, Bajaj Allianz General Insurance became the 2nd most profitable insurance company in India. [22] In the year 2023, he spearheaded the launch of Bajaj Finserv Mutual Fund into the Indian market. [23]
Sanjiv was the deputy chairman of the Confederation of Indian Industry (CII) Western Region for 2018-19. [24] He was also elected as the chairman of the CII Western Region for 2019-20. [25] For 2020-21, he was elected as the vice president of CII. [26] In June 2021, he got elected as the President Designate of CII for 2021-22. [27] [28] and in May 2022, he took charge as the President of CII for 2022-23. [29] [30]
Currently, he is the chairman and managing director of Bajaj Finserv. [31] [32] [33] He was reappointed as managing director for five years in May 2022. [34]
As a part of the Confederation of Indian Industry's B20 India Secretariat, Bajaj was appointed as one of the B20 India participants, a position in which he fulfilled a part of a group that led the business agenda during India's G-20 presidency. [35] [36]
In January 2022, Bajaj and his company's higher management were threatened by a hacker for a possible cyber security attack on his group companies. [37]
Sanjiv is married to Shefali Bajaj and has two kids. [7]
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