- Board’s meeting held on 17th March has summed up as reappointing Rajeev Jain as MD company for another 5 years.
As per the filings of the company to the BSE, Rajeev Jain will continue to be the MD of the company for the next 5 years. The decision is to be mandated from 1st April 2020. Approval of shareholders is still needing a green signal.
His association with Bajaj Finance as managing director dates back to 1st April 2015. The image below tells a lot about his performance and visions as the shares of Bajaj Finance in the long-term has only grown in the upwards direction.
Let’s Throw Some Light on Rajeev Jain –
A solid personality – Rajeev Jain’s professional career started with GE Capital as a business development manager in the southern region. He was amongst the first 10 employees to join GE Money at that time – June 1994.
In his 4 years of journey with GE Capital, he took care of southern territory like his baby and brought them to a leading position in South-India auto and consumer durable market.
Then in October 1998, he became the product head for Auto Loans Business in ANZ (soon after he left GE capital). Spending 4 years in the company he was the product head for the auto finance portfolio of ANZ Gindlays Bank in India.
From Aug 2006 to Aug 2007 he was the Deputy CEO in AIG and was responsible for bringing AIG consumer business to India. During his short stint with AIG, the team acquired 2 companies – Mortgage Finance and another coming from a consumer finance company.
After carefully understand the financing universe, It was September 2007 when Rajeev Jain got associated with Bajaj Finance as it’s CEO.
He transformed the company from 2500 crores to 21000 crores in a span of 6.5 years. Not only in terms of growth, but Rajeev Jain elevated Bajaj Finance in terms of its verticals and portfolios.
In the month of April 2015, Rajeev Jain was offered the throne of Managing Director of the company and since then, no one else has been able to match his visions, growth, and dedication towards the company.
Summing Up:
If you ever come across Rajeev Jain’s LinkedIn account, you will not find he has 500+ connections. Which clearly tells how grounded the man is.
On behalf of Next Big Brand, we wish Rajeev Jain all the best with his journey as an MD (once again) in Bajaj Finance.
