Bajaj Finserv Ltd reappoints Shri Sanjiv Bajaj as MD for 5 years

Based on the recommendation of the Nomination and Remuneration Committee of the Company, the Board of Directors, at its Meeting held today i.e., on 16 March 2022, has re-appointed Shri Sanjiv Bajaj (DIN: 00014615), as the Managing Director of Bajaj Finserv Ltd for a further period of 5 years w.e.f. 1 April 2022, subject to the approval of the Shareholders of the Company.

Shri Sanjiv Bajaj, born on 02 November 1969, graduated first-class with distinction in B.E. (Mech) from the University of Pune, and then completed M.Sc. (Manufacturing Systems Engineer) with distinction from the University of Warwick, UK, and further holds Master's degree in business administration from Harvard Business School, the USA.

He has been Managing Director since 2008 and since 2020 holds the position of Chairman and Managing Director.

His present term as an MD will end on 31 March 2022.

He also has been appointed as President Designate of CII.

He is also on the Board of several Bajaj Group Companies as its Chairman.

Shares of Bajaj Finserv Limited was last trading in BSE at Rs. 16116.95 as compared to the previous close of Rs. 15709.05. The total number of shares traded during the day was 13209 in over 3505 trades.

The stock hit an intraday high of Rs. 16231.10 and intraday low of 15897.30. The net turnover during the day was Rs. 212718174.00.

Source : Equity Bulls

Keywords

BajajFinserv INE918I01018 Reappointment MD