Sanjiv Bajaj
Born (1969-11-02) 2 November 1969
NationalityIndian
Alma materUniversity of Pune, University of Warwick, Harvard University
OccupationBusinessman
TitleChairman & MD, Bajaj Finserv
Term2008–present
SpouseShefali Bajaj
Children2
Parent(s)Rahul Bajaj, Ruparani Bajaj
RelativesSee 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]

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 schooling at a Catholic convent school run by the Swiss missionaries.[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 a 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 dabbled in various roles,[10][11] including heading finance, legal & international business functions within the organisation.[12][13][14] He was credited in bringing American-style supply chain management in the Bajaj Auto using General Motors as a model.[15] Currently, he is serving as the non-executive director of Bajaj Auto.[16]

After Bajaj Auto's demerger in 2007, Sanjiv took charge as the managing director of Bajaj Finserv.[17][18] 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.[19] By 2017, under his leadership, Bajaj Allianz General Insurance became the 2nd most profitable insurance company in India.[20] In the year 2023, he spearheaded the launch of Bajaj Finserv Mutual Fund into the Indian market.[21]

Sanjiv was the deputy chairman of Confederation of Indian Industry (CII) Western Region for 2018-19.[22] He was also elected as the chairman of CII Western Region for 2019-20. For 2020-21, he was elected as the vice president of CII.[23] In June 2021, he got elected as the President Designate of CII for 2021-22.[24][25] and in May 2022, he took charge as the President of CII for 2022-23.[26][27]

Currently, he is the chairman and managing director of Bajaj Finserv.[28][29][30] He was reappointed as managing director for five years in May 2022.[31]

As a part of Confederation of Indian Industry's B20 India Secretariat, Bajaj is appointed as one of the B20 India participants, a position in which he will be a part of a group that will lead the business agenda during India's G-20 presidency.[32][33]

Controversies

In January 2022, Bajaj and his top management was threatened by a hacker for a possible cyber security attack on his group companies.[34]

Personal life

Sanjiv is married to Shefali Bajaj and has two kids.[7]

Awards

References

  1. ↑ "Lockdown diaries with Sanjiv Bajaj". www.timesnownews.com. Retrieved 1 February 2021.
  2. ↑ "Rahul Bajaj to step down as Bajaj Finance chairperson, son Sanjiv Bajaj to take over". Hindustan Times. 21 July 2020. Retrieved 1 February 2021.
  3. ↑ John, Nevin (12 September 2022). "'Hamara' Bajaj: The Secret Sauce". Fortune India. Retrieved 30 September 2022.
  4. ↑ Raghunathan, Anu. "All In The Family: Meet The 4th-Generation Scion Behind India's Bajaj Finserv". Forbes. Retrieved 2 February 2023.
  5. ↑ Harvard Business School Bulletin. Harvard Business School. 2002.
  6. ↑ "Sanjiv Bajaj". World Economic Forum. Retrieved 1 February 2021.
  7. 1 2 "Who is Sanjiv Bajaj? Meet Bajaj Finance Ltd's newly appointed Chairman". Free Press Journal. Retrieved 1 February 2021.
  8. ↑ "Sanjiv Bajaj resigns as Executive Director of Bajaj Auto". The Economic Times. Retrieved 1 February 2021.
  9. ↑ "Sanjiv Bajaj's next big move". www.fortuneindia.com. Retrieved 1 February 2021.
  10. ↑ 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.
  11. ↑ 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.
  12. ↑ Rao, C. Appa; Rao, B. Parvathiswara; Sivaramakrishna, K. (2009). Strategic Management and Business Policy. Excel Books India. ISBN 978-81-7446-668-6.
  13. ↑ Sirkin, Harold L.; Hemerling, James W.; Bhattacharya, Arindam K. (26 April 2012). Globality. Headline. ISBN 978-0-7553-6238-7.
  14. ↑ Jain (FCA.), Rajesh (2006). Chains that Liberate, Governance of Family Ties. Macmillan. ISBN 978-1-4039-2869-6.
  15. ↑ 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.
  16. ↑ "Sanjiv Bajaj resigns as Executive Director of Bajaj Auto". Zee News. 28 March 2012. Retrieved 1 February 2021.
  17. ↑ "How Sanjiv Bajaj Turned Bajaj Finserv Into A Financial Powerhouse". Forbes India. Retrieved 1 February 2021.
  18. ↑ "In five years, Sanjiv Bajaj comes into his own- Business News". www.businesstoday.in. Retrieved 1 February 2021.
  19. ↑ "Rahul Bajaj steps down as Bajaj Finance Chairman; son Sanjiv to take over". Free Press Journal. Retrieved 1 February 2021.
  20. ↑ Taknet, D. K.; IntegralDMS (22 July 2016). The Marwari Heritage. IntegralDMS. ISBN 978-1-942322-06-1.
  21. ↑ 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.
  22. ↑ 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.
  23. ↑ "CII". www.cii.in. Retrieved 1 February 2021.
  24. ↑ "CII elects TV Narendran as new President, Sanjiv Bajaj as President-designate". www.cnbctv18.com. 31 May 2021. Retrieved 27 July 2021.
  25. ↑ "Sanjiv Bajaj takes over as CII prez". timesofindia.indiatimes.com. Retrieved 13 May 2022.
  26. ↑ "Sanjiv Bajaj takes charge as president of CII". www.livemint.com. Retrieved 13 May 2022.
  27. ↑ "Sanjiv Bajaj elected as CII president". www.thehindubusinessline.com. Retrieved 13 May 2022.
  28. ↑ "Rahul Bajaj To Step Down As Chairman Of Bajaj Finance". NDTV.com. Retrieved 1 February 2021.
  29. ↑ "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.
  30. ↑ 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.
  31. ↑ "Bajaj Finserv reappoints Sanjiv Bajaj as MD for 5 more years". Business Today. Retrieved 12 April 2022.
  32. ↑ "B20 India - Governance". www.b20india2023.org. Retrieved 16 March 2023.
  33. ↑ "Tata Sons' N Chandrasekaran appointed Chair of B20 India". The Economic Times. 7 December 2022. ISSN 0013-0389. Retrieved 16 March 2023.
  34. ↑ "Pune: Bajaj Finserv MD, three other officials receive threat mails; FIR lodged". The Indian Express. 11 January 2022. Retrieved 30 September 2022.
  35. ↑ "5th Asia Business Responsibility Summit" (PDF). Asian Centre for Corporate Governance and Sustainability. 10 September 2018.
  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.
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