Sanjiv Bajaj Explained

Sanjiv Bajaj
Birth Date:2 November 1969
Nationality:Indian
Alma Mater:University of Pune, University of Warwick, Harvard University
Chairman & MD, Bajaj Finserv
Term:2008–present
Occupation:Businessman
Parents:Rahul Bajaj, Ruparani Bajaj
Spouse:Shefali Bajaj
Children:2
Relations:See 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 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

Bajaj began his career in 1994 with Bajaj Auto.[8] [9] During his years at Bajaj Auto, he held various leadership roles[10] [11] in finance, legal, and 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] [16] [17] Currently, he serves 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] Market analysts indicated in 2015 that Bajaj is shaping his company in a manner similar to GE Capital.[22] [23] In 2023, he led the launch of Bajaj Finserv Mutual Fund.[24]

Bajaj was the deputy chairman of the Confederation of Indian Industry (CII) Western Region for 2018-19.[25] He was also elected as the chairman of the CII Western Region for 2019-20.[26] For 2020-21, he was elected as the vice president of CII.[27] In June 2021, he got elected as the President Designate of CII for 2021-22.[28] [29] In May 2022, he took charge as the President of CII for 2022-23.[30] [31]

Currently, he is the chairman and managing director of Bajaj Finserv.[32] [33] [34] He was reappointed as managing director for five years in May 2022.[35]

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.[36] [37]

Controversies

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.[38]

Personal life

Sanjiv is married to Shefali Bajaj and has two kids.

Awards

Further reading

Notes and References

  1. Web site: Lockdown diaries with Sanjiv Bajaj. 1 February 2021. www.timesnownews.com. 13 June 2020 . en.
  2. Web site: 21 July 2020. Rahul Bajaj to step down as Bajaj Finance chairperson, son Sanjiv Bajaj to take over. 1 February 2021. Hindustan Times. en.
  3. News: John . Nevin . 12 September 2022 . 'Hamara' Bajaj: The Secret Sauce . Fortune India . 30 September 2022.
  4. Web site: Raghunathan . Anu . All In The Family: Meet The 4th-Generation Scion Behind India's Bajaj Finserv . 2023-02-02 . Forbes . en.
  5. Book: Harvard Business School Bulletin. 2002. Harvard Business School. en.
  6. Web site: Sanjiv Bajaj. 1 February 2021. World Economic Forum. en.
  7. Web site: Who is Sanjiv Bajaj? Meet Bajaj Finance Ltd's newly appointed Chairman. 1 February 2021. Free Press Journal. en.
  8. News: Sanjiv Bajaj resigns as Executive Director of Bajaj Auto. The Economic Times. 1 February 2021.
  9. Web site: Sanjiv Bajaj's next big move . 1 February 2021 . www.fortuneindia.com . 4 July 2019 . en.
  10. Jain . Apoorva . Thukral . Sonal . Paul . Justin . 2022-01-01 . Role of socioemotional wealth (SEW) in the internationalisation of family firms . International Journal of Entrepreneurial Behavior & Research . 29 . 1 . 1–26 . 10.1108/IJEBR-12-2021-0961 . 246767364 . 1355-2554.
  11. Book: Ghoshal . Sumantra . World Class in India: A Casebook of Companies in Transformation . Piramal . Gita . Budhiraja . Sudeep . 2001 . Penguin Books . 978-0-14-100667-3 . en.
  12. Book: Rao. C. Appa. Strategic Management and Business Policy. Rao. B. Parvathiswara. Sivaramakrishna. K.. 2009. Excel Books India. 978-81-7446-668-6. en.
  13. Book: Sirkin. Harold L.. Globality. Hemerling. James W.. Bhattacharya. Arindam K.. 26 April 2012. Headline. 978-0-7553-6238-7. en.
  14. Book: Jain (FCA.), Rajesh. Chains that Liberate, Governance of Family Ties. 2006. Macmillan. 978-1-4039-2869-6. en.
  15. Book: Maheshwari. R.. Strategic Management: A publication of SBPD Publishing House (Sanjay Sahitya Bhawan). Agarwal. Saurabh. 17 August 2020. SBPD Publishing House. 978-93-5047-656-7. en.
  16. Web site: Nair . Geeta . 2023-08-07 . Access to capital easy, but there is a dark side to private equity: Sanjiv Bajaj . 2024-02-13 . . en.
  17. Web site: Bhattacharya . Arindam . Buerkner . Hans-Paul . Why your company's culture needs a 'fractal redesign' . 2024-03-08 . . en.
  18. Web site: 28 March 2012. Sanjiv Bajaj resigns as Executive Director of Bajaj Auto. 1 February 2021. Zee News. en.
  19. Web site: How Sanjiv Bajaj Turned Bajaj Finserv Into A Financial Powerhouse. 1 February 2021. Forbes India. en.
  20. Web site: In five years, Sanjiv Bajaj comes into his own- Business News. 1 February 2021. www.businesstoday.in. 3 January 2013 .
  21. Web site: Rahul Bajaj steps down as Bajaj Finance Chairman; son Sanjiv to take over . 1 February 2021 . Free Press Journal . en.
  22. News: Kalesh . Baiju . Sinha . Shilpy . 2015-10-07 . How Sanjiv Bajaj has created financial services supermarket . 2024-05-13 . The Economic Times . 0013-0389.
  23. Book: Taknet. D. K.. D. K. Taknet. The Marwari Heritage. IntegralDMS. 22 July 2016. IntegralDMS. 978-1-942322-06-1. en.
  24. News: 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 . 2023-06-28 . 0013-0389.
  25. News: Pandey. Piyush. 29 March 2019. Sanjiv Bajaj elected as chairman of CII, Western Region for 2019-20. en-IN. The Hindu. 1 February 2021. 0971-751X.
  26. News: Pandey . Piyush . 2019-03-29 . Sanjiv Bajaj elected as chairman of CII, Western Region for 2019-20 . 2024-02-01 . The Hindu . en-IN . 0971-751X.
  27. Web site: CII. 1 February 2021. www.cii.in.
  28. Web site: 31 May 2021. CII elects TV Narendran as new President, Sanjiv Bajaj as President-designate. 27 July 2021. www.cnbctv18.com. en.
  29. News: Sanjiv Bajaj takes over as CII prez. 13 May 2022. The Times of India. 13 May 2022 .
  30. Web site: Sanjiv Bajaj takes charge as president of CII. 13 May 2022. www.livemint.com.
  31. Web site: Sanjiv Bajaj elected as CII president. 13 May 2022. www.thehindubusinessline.com. 12 May 2022 .
  32. Web site: Rahul Bajaj To Step Down As Chairman Of Bajaj Finance. 1 February 2021. NDTV.com. 21 July 2020 .
  33. Web site: TNN. Jul 22, 2020. Rahul Bajaj: Corona hits Bajaj Finance, Sanjiv to replace Rahul Bajaj as chairman India Business News - Times of India. 1 February 2021. The Times of India. en.
  34. News: Lele. Abhijit. 22 July 2020. Rahul Bajaj steps down as Bajaj Finance's chairman, son Sanjiv to take over. Business Standard India. 1 February 2021.
  35. Web site: Bajaj Finserv reappoints Sanjiv Bajaj as MD for 5 more years . 2022-04-12 . Business Today . 16 March 2022 . en.
  36. Web site: B20 India - Governance . 2023-03-16 . www.b20india2023.org.
  37. News: 2022-12-07 . Tata Sons' N Chandrasekaran appointed Chair of B20 India . The Economic Times . 2023-03-16 . 0013-0389.
  38. Web site: 2022-01-11 . Pune: Bajaj Finserv MD, three other officials receive threat mails; FIR lodged . 2022-09-30 . The Indian Express . en.
  39. Web site: 10 September 2018. 5th Asia Business Responsibility Summit. Asian Centre for Corporate Governance and Sustainability.
  40. Web site: 2023-10-01 . 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 . 2024-02-13 . . en.
  41. Web site: 2023-10-01 . 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 . 2024-03-08 . Financialexpress . en.
  42. Web site: Sanjiv Bajaj – Chairman and Managing Director, Bajaj Finserv . 2024-03-08 . www.ey.com . en-IN.
  43. Web site: Sanjiv Bajaj is 2017's EY Entrepreneur of the Year. 2 February 2021. @businessline. 15 February 2018 . en.
  44. Web site: TNN. Feb 16, 2018. Sanjiv Bajaj: Sanjiv Bajaj is EY Entrepreneur of the Year 2017 - Times of India. 2 February 2021. The Times of India. en.
  45. News: Team. BS Web. 16 February 2018. Sanjiv Bajaj, MD, Bajaj Finserv is EY Entrepreneur Of the Year 2017. Business Standard India. 1 February 2021.
  46. News: ET Awards 2018 for Business Leader of the Year: Sanjiv Bajaj, Managing Director, Bajaj Finserv. The Economic Times. 1 February 2021.
  47. Web site: 9 April 2019. Current Affairs 09 April 2019 Digest 5: AIMA Awards 2019; world's first gene edited Lizard. 1 February 2021. Jagranjosh.com.
  48. Web site: 26 September 2019. FE Best Bank Awards: Know who are the winners in different categories. 1 February 2021. The Financial Express. en-US.

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