Indian businessman (born 1969)
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]
Early life and education
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]
Career
Bajaj began his career in 1994 with Bajaj Auto .[ 8] [ 9] During his years at Bajaj Auto, he held various leadership roles[ 10] [ 11] in finance, legal, and 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] [ 16] [ 17] Currently, he serves 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]
Bajaj (4th from left) at World Economic Forum Annual Meeting 2023 in Davos , Switzerland
Market analysts indicated in 2015 that Bajaj is shaping his company in a manner similar to GE Capital .[ 22] [ 23] In 2023, he led the launch of Bajaj Finserv Mutual Fund.[ 24]
Bajaj was the deputy chairman of the Confederation of Indian Industry (CII) Western Region for 2018-19.[ 25] 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] 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]
Controversies
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]
Personal life
Sanjiv is married to Shefali Bajaj and has two kids.[ 7]
Awards
References
^ "Lockdown diaries with Sanjiv Bajaj" . www.timesnownews.com . 13 June 2020. Retrieved 1 February 2021 .
^ "Rahul Bajaj to step down as Bajaj Finance chairperson, son Sanjiv Bajaj to take over" . Hindustan Times . 21 July 2020. Retrieved 1 February 2021 .
^ John, Nevin (12 September 2022). " 'Hamara' Bajaj: The Secret Sauce" . Fortune India . Retrieved 30 September 2022 .
^ Raghunathan, Anu. "All In The Family: Meet The 4th-Generation Scion Behind India's Bajaj Finserv" . Forbes . Retrieved 2 February 2023 .
^ Harvard Business School Bulletin . Harvard Business School. 2002.
^ "Sanjiv Bajaj" . World Economic Forum . Retrieved 1 February 2021 .
^ a b "Who is Sanjiv Bajaj? Meet Bajaj Finance Ltd's newly appointed Chairman" . Free Press Journal . Retrieved 1 February 2021 .
^ "Sanjiv Bajaj resigns as Executive Director of Bajaj Auto" . The Economic Times . Retrieved 1 February 2021 .
^ "Sanjiv Bajaj's next big move" . www.fortuneindia.com . 4 July 2019. Retrieved 1 February 2021 .
^ Jain, Apoorva; Thukral, Sonal; Paul, Justin (1 January 2022). "Role of socioemotional wealth (SEW) in the internationalisation of family firms" . International Journal of Entrepreneurial Behavior & Research . 29 (1): 1–26. doi :10.1108/IJEBR-12-2021-0961 . ISSN 1355-2554 . S2CID 246767364 .
^ Ghoshal, Sumantra; Piramal, Gita; Budhiraja, Sudeep (2001). World Class in India: A Casebook of Companies in Transformation . Penguin Books. ISBN 978-0-14-100667-3 .
^ Rao, C. Appa; Rao, B. Parvathiswara; Sivaramakrishna, K. (2009). Strategic Management and Business Policy . Excel Books India. ISBN 978-81-7446-668-6 .
^ Sirkin, Harold L.; Hemerling, James W.; Bhattacharya, Arindam K. (26 April 2012). Globality . Headline. ISBN 978-0-7553-6238-7 .
^ Jain (FCA.), Rajesh (2006). Chains that Liberate, Governance of Family Ties . Macmillan. ISBN 978-1-4039-2869-6 .
^ Maheshwari, R.; Agarwal, Saurabh (17 August 2020). Strategic Management: A publication of SBPD Publishing House (Sanjay Sahitya Bhawan) . SBPD Publishing House. ISBN 978-93-5047-656-7 .
^ Nair, Geeta (7 August 2023). "Access to capital easy, but there is a dark side to private equity: Sanjiv Bajaj" . The Financial Express (India) . Retrieved 13 February 2024 .
^ Bhattacharya, Arindam; Buerkner, Hans-Paul. "Why your company's culture needs a 'fractal redesign' " . Fortune . Retrieved 8 March 2024 .
^ "Sanjiv Bajaj resigns as Executive Director of Bajaj Auto" . Zee News . 28 March 2012. Retrieved 1 February 2021 .
^ "How Sanjiv Bajaj Turned Bajaj Finserv Into A Financial Powerhouse" . Forbes India . Retrieved 1 February 2021 .
^ "In five years, Sanjiv Bajaj comes into his own- Business News" . www.businesstoday.in . 3 January 2013. Retrieved 1 February 2021 .
^ "Rahul Bajaj steps down as Bajaj Finance Chairman; son Sanjiv to take over" . Free Press Journal . Retrieved 1 February 2021 .
^ Kalesh, Baiju; Sinha, Shilpy (7 October 2015). "How Sanjiv Bajaj has created financial services supermarket" . The Economic Times . ISSN 0013-0389 . Retrieved 13 May 2024 .
^ Taknet, D. K. ; IntegralDMS (22 July 2016). The Marwari Heritage . IntegralDMS. ISBN 978-1-942322-06-1 .
^ Buch, Himadri; Shah, Ami. "Bajaj Finserv is now the 43rd player in mutual funds space. Its task is to leave the crowd behind" . The Economic Times . ISSN 0013-0389 . Retrieved 28 June 2023 .
^ a b Pandey, Piyush (29 March 2019). "Sanjiv Bajaj elected as chairman of CII, Western Region for 2019-20" . The Hindu . ISSN 0971-751X . Retrieved 1 February 2021 .
^ "CII" . www.cii.in . Retrieved 1 February 2021 .
^ "CII elects TV Narendran as new President, Sanjiv Bajaj as President-designate" . www.cnbctv18.com . 31 May 2021. Retrieved 27 July 2021 .
^ "Sanjiv Bajaj takes over as CII prez" . The Times of India . 13 May 2022. Retrieved 13 May 2022 .
^ "Sanjiv Bajaj takes charge as president of CII" . www.livemint.com . Retrieved 13 May 2022 .
^ "Sanjiv Bajaj elected as CII president" . www.thehindubusinessline.com . 12 May 2022. Retrieved 13 May 2022 .
^ "Rahul Bajaj To Step Down As Chairman Of Bajaj Finance" . NDTV.com . 21 July 2020. Retrieved 1 February 2021 .
^ "Rahul Bajaj: Corona hits Bajaj Finance, Sanjiv to replace Rahul Bajaj as chairman | India Business News - Times of India" . The Times of India . TNN. 22 July 2020. Retrieved 1 February 2021 .
^ Lele, Abhijit (22 July 2020). "Rahul Bajaj steps down as Bajaj Finance's chairman, son Sanjiv to take over" . Business Standard India . Retrieved 1 February 2021 .
^ "Bajaj Finserv reappoints Sanjiv Bajaj as MD for 5 more years" . Business Today . 16 March 2022. Retrieved 12 April 2022 .
^ "B20 India - Governance" . www.b20india2023.org . Retrieved 16 March 2023 .
^ "Tata Sons' N Chandrasekaran appointed Chair of B20 India" . The Economic Times . 7 December 2022. ISSN 0013-0389 . Retrieved 16 March 2023 .
^ "Pune: Bajaj Finserv MD, three other officials receive threat mails; FIR lodged" . The Indian Express . 11 January 2022. Retrieved 30 September 2022 .
^ "5th Asia Business Responsibility Summit" (PDF) . Asian Centre for Corporate Governance and Sustainability . 10 September 2018.
^ "Who is Sanjiv Bajaj: The Chairman and MD of Bajaj Finserv and son of Rahul Bajaj; know about this business scion and his net worth" . The Financial Express (India) . 1 October 2023. Retrieved 13 February 2024 .
^ "Who is Sanjiv Bajaj: The Chairman and MD of Bajaj Finserv and son of Rahul Bajaj; know about this business scion and his net worth" . Financialexpress . 1 October 2023. Retrieved 8 March 2024 .
^ "Sanjiv Bajaj – Chairman and Managing Director, Bajaj Finserv" . www.ey.com . Retrieved 8 March 2024 .
^ "Sanjiv Bajaj is 2017's EY Entrepreneur of the Year" . @businessline . 15 February 2018. Retrieved 2 February 2021 .
^ "Sanjiv Bajaj: Sanjiv Bajaj is EY Entrepreneur of the Year 2017 - Times of India" . The Times of India . TNN. 16 February 2018. Retrieved 2 February 2021 .
^ Team, BS Web (16 February 2018). "Sanjiv Bajaj, MD, Bajaj Finserv is EY Entrepreneur Of the Year 2017" . Business Standard India . Retrieved 1 February 2021 .
^ "ET Awards 2018 for Business Leader of the Year: Sanjiv Bajaj, Managing Director, Bajaj Finserv" . The Economic Times . Retrieved 1 February 2021 .
^ "Current Affairs 09 April 2019 Digest 5: AIMA Awards 2019; world's first gene edited Lizard" . Jagranjosh.com . 9 April 2019. Retrieved 1 February 2021 .
^ "FE Best Bank Awards: Know who are the winners in different categories" . The Financial Express . 26 September 2019. Retrieved 1 February 2021 .
Subsidiaries & divisions
Automotive Financial services Consumer Other
People Institutions
Further reading
Varier, Aathira (16 September 2024). "Interest, trust of investors humbling: Sanjiv Bajaj on BHFL listing" . Business Standard . Retrieved 26 September 2024 . {{cite news }}
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Sharma, Anushka (23 February 2024). "Sanjiv Bajaj wants NBFCs to cast a wider borrowing net" . CNBC TV18 . Retrieved 26 September 2024 . {{cite news }}
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Galani, Una; Slodkowski, Antoni (15 January 2024). Smith, Alexander (ed.). "Davos 2024: India on cusp of FDI flood, Bajaj Finserv Chair says" . Reuters . Retrieved 28 July 2024 . {{cite news }}
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Jhunjhunwala, Shital (2023). "They Set the Way, Go the Way, Pave the Way". Corporate Governance: Creating Value for Stakeholders . Springer Link . pp. 25–52. doi :10.1007/978-981-99-2707-4 . ISBN 978-981-99-2707-4 .
Nair, Geeta (7 August 2023). "Access to capital easy, but there is a dark side to private equity: Sanjiv Bajaj" . The Financial Express (India) . Retrieved 28 July 2024 . {{cite news }}
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Ravi Kumar, N (17 March 2023). "RBI's rigorous supervision keeps Indian banks healthy: CII president Sanjiv Bajaj" . The Hindu . Retrieved 28 August 2024 . {{cite news }}
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Piramal Raje, Aparna (29 May 2016). "Sanjiv Bajaj: The balanced builder" . Mint . Retrieved 28 August 2024 . {{cite news }}
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