Sanjiv Bajaj

Sanjiv Bajaj (born 2 November 1969) is an Indian businessman and the chairman and managing director of Bajaj Finserv.[1][2][3][4] He was featured in the India Today Power List 2019 in the ‘Top 50 Power People: The High & Mighty’.[5] and as per FinanceAsia's Survey 2020, he is one of the top three Best CEOs in the Indian financial industry.[6]

Sanjiv Bajaj
Born (1969-11-02) 2 November 1969
NationalityIndian
Alma materUniversity of Pune, University of Warwick, Harvard University
Occupation
  • Businessman
  • Philanthropist
  • Investor
TitleChairman & Managing Director of Bajaj Finserv
Term(2008–present)
Spouse(s)Shefali Bajaj
Children2
Parent(s)Rahul Bajaj, Ruparani Bajaj
RelativesSee Bajaj Family

He is the son of Indian industrialist Rahul Bajaj and the younger brother of Bajaj Auto's managing director Rajiv Bajaj.[7][8][9]

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. He completed his schooling at a Catholic convent school run by the Swiss missionaries. He then pursued his mechanical engineering degree from the University of Pune, masters degree in manufacturing systems engineering from the University of Warwick, and a management degree from Harvard Business School.[10][11][12][13] Sanjiv is married to Shefali Bajaj and has two kids.[13]

Career

Sanjiv began his career in 1994 with Bajaj Auto.[14] During his years at Bajaj Auto, Sanjiv dabbled in various roles, including heading finance, legal & international business functions within the organisation.[15][16][17] He was credited in bringing American-style supply chain management in the Bajaj Auto using General Motors as a model.[18] Currently, he is serving as the non-executive director of Bajaj Auto.[19]

After Bajaj Auto's demerger in 2007, Sanjiv took charge as the managing director of Bajaj Finserv.[20][21] He took over 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 the year 2012. By 2017, under his leadership, Bajaj Allianz General Insurance became the 2nd most profitable insurance company in India.[22]

Sanjiv was the deputy chairman of Confederation of Indian Industry's Western Region Council for FY 2018-19.[23] He is also elected as chairman of CII, Western Region for 2019-20. He has been chosen as the vice president of CII for the year 2020-21.[24]

Currently, he is the chairman and managing director of Bajaj Finserv.[25][26][4][27][28][29] He was reappointed as managing director for five years in May 2022.[30]

In June 2021, he got elected as the President Designate of CII for 2021-22.[31][32][33]

Awards

References
  1. "Lockdown diaries with Sanjiv Bajaj". www.timesnownews.com. Retrieved 1 February 2021.
  2. "Sanjiv Bajaj's next big move". www.fortuneindia.com. Retrieved 1 February 2021.
  3. "Rahul Bajaj steps down as Bajaj Finance Chairman; son Sanjiv to take over". Free Press Journal. Retrieved 1 February 2021.
  4. "Rahul Bajaj to step down as Bajaj Finance chairperson, son Sanjiv Bajaj to take over". Hindustan Times. 21 July 2020. Retrieved 1 February 2021.
  5. "Top 50 power people | The High & Mighty Part-3". India Today. 26 July 2019. Retrieved 1 February 2021.
  6. "HDFC Bank voted 'Best Governed' and TCS wins 'Best Environmental Stewardship'". Financialexpress. Retrieved 12 April 2022.
  7. Raghunathan, Anu. "All In The Family: Meet The 4th-Generation Scion Behind India's Bajaj Finserv". Forbes. Retrieved 1 February 2021.
  8. Raj, Amrit (16 January 2019). "Bajaj Group plans for Gen Next with a family settlement". mint. Retrieved 1 February 2021.
  9. Philip, Lijee. "Post division, brothers Rajiv and Sanjiv Bajaj taking Bajaj Group to new highs". The Economic Times. Retrieved 1 February 2021.
  10. 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.
  11. Harvard Business School Bulletin. Harvard Business School. 2002.
  12. "Sanjiv Bajaj". World Economic Forum. Retrieved 1 February 2021.
  13. "Who is Sanjiv Bajaj? Meet Bajaj Finance Ltd's newly appointed Chairman". Free Press Journal. Retrieved 1 February 2021.
  14. "Sanjiv Bajaj resigns as Executive Director of Bajaj Auto". The Economic Times. Retrieved 1 February 2021.
  15. Rao, C. Appa; Rao, B. Parvathiswara; Sivaramakrishna, K. (2009). Strategic Management and Business Policy. Excel Books India. ISBN 978-81-7446-668-6.
  16. Sirkin, Harold L.; Hemerling, James W.; Bhattacharya, Arindam K. (26 April 2012). Globality. Headline. ISBN 978-0-7553-6238-7.
  17. Jain (FCA.), Rajesh (2006). Chains that Liberate, Governance of Family Ties. Macmillan. ISBN 978-1-4039-2869-6.
  18. 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.
  19. "Sanjiv Bajaj resigns as Executive Director of Bajaj Auto". Zee News. 28 March 2012. Retrieved 1 February 2021.
  20. "How Sanjiv Bajaj Turned Bajaj Finserv Into A Financial Powerhouse". Forbes India. Retrieved 1 February 2021.
  21. "In five years, Sanjiv Bajaj comes into his own- Business News". www.businesstoday.in. Retrieved 1 February 2021.
  22. Taknet, D. K.; IntegralDMS (22 July 2016). The Marwari Heritage. IntegralDMS. ISBN 978-1-942322-06-1.
  23. 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.
  24. "CII". www.cii.in. Retrieved 1 February 2021.
  25. "Rahul Bajaj To Step Down As Chairman Of Bajaj Finance". NDTV.com. Retrieved 1 February 2021.
  26. Gopakumar, Gopika (22 July 2020). "Rahul Bajaj steps down as chairman of Bajaj Finance". mint. Retrieved 1 February 2021.
  27. "Bajaj Finserv Ltd appoints Shri Sanjiv Bajaj as Chairman and MD". EquityBulls. 18 March 2020. Retrieved 1 February 2021.
  28. "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.
  29. 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.
  30. "Bajaj Finserv reappoints Sanjiv Bajaj as MD for 5 more years". Business Today. Retrieved 12 April 2022.
  31. "CII". www.cii.in. Retrieved 27 July 2021.
  32. "CII elects TV Narendran as new President, Sanjiv Bajaj as President-designate". www.cnbctv18.com. 31 May 2021. Retrieved 27 July 2021.
  33. "CII ELECTS NEW OFFICE-BEARERS FOR 2021-22".{{cite web}}: CS1 maint: url-status (link)
  34. BMA-India.com (31 January 2017). "38th BMA Awards 2015-16". Bombay Management Association. Retrieved 1 February 2021.
  35. "5th Asia Business Responsibility Summit" (PDF). Asian Centre for Corporate Governance and Sustainability. 10 September 2018.{{cite web}}: CS1 maint: url-status (link)
  36. "Sanjiv Bajaj is 2017's EY Entrepreneur of the Year". @businessline. Retrieved 2 February 2021.
  37. "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.
  38. 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.
  39. "ET Awards 2018 for Business Leader of the Year: Sanjiv Bajaj, Managing Director, Bajaj Finserv". The Economic Times. Retrieved 1 February 2021.
  40. "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.
  41. "FE Best Bank Awards: Know who are the winners in different categories". The Financial Express. 26 September 2019. Retrieved 1 February 2021.
  42. "Qimpro Foundation - Citation". www.qimpro.org. Retrieved 1 February 2021.
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