Rajiv Bajaj to Step Down from Bajaj Finserv Board to Focus on Bajaj Auto

Rajiv Bajaj, the Managing Director of Bajaj Auto, has decided to resign from the board of Bajaj Finserv to focus on his growing responsibilities at the automaker. He will not seek re-election at the upcoming AGM, marking the end of his long association with the company. This decision comes as he aims to reduce external commitments due to increased duties at Bajaj Auto, including the establishment of new subsidiaries and a recent acquisition. The board of Bajaj Finserv has expressed gratitude for his contributions during his tenure. Read on to learn more about this significant transition in the Bajaj Group.

By Narendra Chaudhary Jun 9, 2026, 17:13 IST

Rajiv Bajaj's Departure from Bajaj Finserv

Rajiv Bajaj, the Managing Director of Bajaj Auto, has announced his decision to resign from the board of Bajaj Finserv. This move is aimed at allowing him to concentrate on his expanding responsibilities within the automaker. In a recent exchange filing, Bajaj Finserv disclosed that Rajiv, who serves as a non-executive director, will not pursue re-election at the upcoming annual general meeting (AGM) set for July 31. Consequently, he will step down from his director role upon retirement by rotation at the AGM. His choice stems from the increased duties he has taken on at Bajaj Auto in recent years, particularly with the establishment of Bajaj Auto Technology Ltd. and Bajaj Auto Credit Ltd., along with the recent acquisition of KTM. The filing noted his desire to lessen his external commitments. The board of Bajaj Finserv acknowledged his decision and expressed gratitude for his significant contributions throughout his tenure with the company. Previously, Rajiv had also informed Bajaj Finance of his intention not to seek re-election as a non-executive director, marking the end of his long-standing association with the lender's board. Rajiv Bajaj, the son of Rahul Bajaj, currently leads Bajaj Auto, one of India's foremost two-wheeler manufacturers.