Rajiv Bajaj To Exit Bajaj Finserv Board to Focus on Auto Business

Rajiv Bajaj will step down from his position as a non-executive director at Bajaj Finserv after opting not to seek re-election at the company’s annual general meeting scheduled for 31 July 2026. In a regulatory filing, Bajaj Finserv said Bajaj had informed the company of his decision, citing increasing responsibilities at Bajaj Auto as the primary reason for scaling back external commitments. He will retire from the board by rotation at the upcoming AGM.

The comes at a time when Bajaj Auto is widening its strategic focus across several areas, including electric mobility, international business operations and the integration of KTM following recent developments related to the group’s acquisition activities. 

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In his communication, Bajaj pointed to the need to devote more time to these expanding responsibilities, including oversight of new business verticals and KTM-related operations.

Earlier this year, Bajaj had taken a similar step at Bajaj Finance, where he chose not to seek re-election as a non-executive director at the lender’s annual general meeting, bringing to a close his long-standing association with its board.

Bajaj will continue in his role as Managing Director of Bajaj Auto, a position he has held since 2005. During his tenure, the company has evolved from a domestic scooter-focused manufacturer into a global player in motorcycles and three-wheelers, with a strong presence in export markets as well as in premium and electric segments.

Over the past three decades, he has been closely involved in shaping the company’s product and market strategy, overseeing the development of key brands such as the Bajaj Pulsar, Bajaj Dominar and Bajaj Chetak, while also strengthening partnerships in international markets.