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Sanjiv Bajaj

Summary

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]

Sanjiv Bajaj
Born (1969-11-02) 2 November 1969 (age 54)
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

Early life and education edit

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 edit

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 with bringing American-style supply chain management to Bajaj Auto, using General Motors as a model.[15] In addition to adopting top management methods, he advocates for a frugal business model[16] and the "break to grow" philosophy.[17] Currently, he is serving 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

By 2017, under his leadership, Bajaj Allianz General Insurance became the 2nd most profitable insurance company in India.[22] In the year 2023, he spearheaded the launch of Bajaj Finserv Mutual Fund into the Indian market.[23]

Sanjiv was the deputy chairman of the Confederation of Indian Industry (CII) Western Region for 2018-19.[24] 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] and 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 edit

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 edit

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

Awards edit

References edit

  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. ^ a b "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. S2CID 246767364.
  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. ^ 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.
  17. ^ Bhattacharya, Arindam; Buerkner, Hans-Paul. "Why your company's culture needs a 'fractal redesign'". Fortune. Retrieved 8 March 2024.
  18. ^ "Sanjiv Bajaj resigns as Executive Director of Bajaj Auto". Zee News. 28 March 2012. Retrieved 1 February 2021.
  19. ^ "How Sanjiv Bajaj Turned Bajaj Finserv Into A Financial Powerhouse". Forbes India. Retrieved 1 February 2021.
  20. ^ "In five years, Sanjiv Bajaj comes into his own- Business News". www.businesstoday.in. Retrieved 1 February 2021.
  21. ^ "Rahul Bajaj steps down as Bajaj Finance Chairman; son Sanjiv to take over". Free Press Journal. Retrieved 1 February 2021.
  22. ^ Taknet, D. K.; IntegralDMS (22 July 2016). The Marwari Heritage. IntegralDMS. ISBN 978-1-942322-06-1.
  23. ^ 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.
  24. ^ 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.
  25. ^ 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 2024.
  26. ^ "CII". www.cii.in. Retrieved 1 February 2021.
  27. ^ "CII elects TV Narendran as new President, Sanjiv Bajaj as President-designate". www.cnbctv18.com. 31 May 2021. Retrieved 27 July 2021.
  28. ^ "Sanjiv Bajaj takes over as CII prez". timesofindia.indiatimes.com. Retrieved 13 May 2022.
  29. ^ "Sanjiv Bajaj takes charge as president of CII". www.livemint.com. Retrieved 13 May 2022.
  30. ^ "Sanjiv Bajaj elected as CII president". www.thehindubusinessline.com. Retrieved 13 May 2022.
  31. ^ "Rahul Bajaj To Step Down As Chairman Of Bajaj Finance". NDTV.com. Retrieved 1 February 2021.
  32. ^ "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.
  33. ^ 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.
  34. ^ "Bajaj Finserv reappoints Sanjiv Bajaj as MD for 5 more years". Business Today. Retrieved 12 April 2022.
  35. ^ "B20 India - Governance". www.b20india2023.org. Retrieved 16 March 2023.
  36. ^ "Tata Sons' N Chandrasekaran appointed Chair of B20 India". The Economic Times. 7 December 2022. ISSN 0013-0389. Retrieved 16 March 2023.
  37. ^ "Pune: Bajaj Finserv MD, three other officials receive threat mails; FIR lodged". The Indian Express. 11 January 2022. Retrieved 30 September 2022.
  38. ^ "5th Asia Business Responsibility Summit" (PDF). Asian Centre for Corporate Governance and Sustainability. 10 September 2018.
  39. ^ "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.
  40. ^ "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.
  41. ^ "Sanjiv Bajaj – Chairman and Managing Director, Bajaj Finserv". www.ey.com. Retrieved 8 March 2024.
  42. ^ "Sanjiv Bajaj is 2017's EY Entrepreneur of the Year". @businessline. Retrieved 2 February 2021.
  43. ^ "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.
  44. ^ 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.
  45. ^ "ET Awards 2018 for Business Leader of the Year: Sanjiv Bajaj, Managing Director, Bajaj Finserv". The Economic Times. Retrieved 1 February 2021.
  46. ^ "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.
  47. ^ "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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