Bajaj Finance has announced that Anup Kumar Saha has resigned as Managing Director and Director on the board, with effect from July 21, 2025. The company has re-designated Executive Vice Chairman Rajeev Jain as Vice Chairman and Managing Director for the remainder of his term.
The resignation, submitted due to personal reasons, was accepted by the board, and the company stated in its filing that Saha has confirmed there are no other material reasons for his departure.
According to the regulatory filing, the board has re-designated Executive Vice Chairman Rajeev Jain as Vice Chairman and Managing Director. Jain has been entrusted with the additional responsibility of MD for the remainder of his term, which runs until March 31, 2028. This move, the filing notes, has been made “in the interest of continuity of management,” and comes into effect immediately following Saha’s exit.
