
Anup Kumar Saha Elevated to Managing Director at Bajaj Finance; Rajeev Jain to Transition To Vice Chairman
Bajaj Finance has announced the elevation of Anup Kumar Saha to Managing Director (MD), effective April 01, 2025. The current MD, Rajeev Jain, will assume the role of Vice Chairman as an Executive Director from the same date.
Anup Shah joined the company in 2017 to lead its consumer finance portfolio business. He oversees all retail business lines, including urban consumer durable loans, personal loans, co-branded credit cards, MSME and rural loans, fixed deposits, insurance, and payments. He has also managed operations, service, and marketing. Before Bajaj Finance, he spent 14 years at ICICI Bank, where he was Senior General Manager and Group Product Head for retail home loans, vehicle loans, developer funding, and collections. He has served on the Boards of ICICI Bank HFC and TU CIBIL. His earlier roles include positions at GE Capital, SBI Cards, Blow Plast, and BHEL. Shah holds an engineering degree from IIT Kharagpur and an MBA from IIM Lucknow. He has over 28 years of experience in sales, product risk, collections, and business intelligence.
Rajeev Jain joined the company in 2007 as CEO and has led its expansion from an auto financing company to a diversified non-banking financial company. Under his leadership, the company has adopted an omnichannel approach, integrating online and offline customer engagement, transactions, and services. Before Bajaj Finance, he held leadership roles at GE, American Express, and AIG. He has nearly three decades of experience in consumer lending, including auto loans, durable loans, personal loans, and credit cards. He has been with Bajaj Finance for over 15 years, overseeing business growth and digital transformation.