Sanjiv_Bajaj

Sanjiv Bajaj

Sanjiv Bajaj

Indian businessman

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]

Quick Facts Born, Nationality ...

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 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

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

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

Awards

References

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    John, Nevin (12 September 2022). "'Hamara' Bajaj: The Secret Sauce". Fortune India. Retrieved 30 September 2022.
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    Raghunathan, Anu. "All In The Family: Meet The 4th-Generation Scion Behind India's Bajaj Finserv". Forbes. Retrieved 2 February 2023.
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    Harvard Business School Bulletin. Harvard Business School. 2002.
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    "Sanjiv Bajaj". World Economic Forum. Retrieved 1 February 2021.
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    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.
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    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.
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    Rao, C. Appa; Rao, B. Parvathiswara; Sivaramakrishna, K. (2009). Strategic Management and Business Policy. Excel Books India. ISBN 978-81-7446-668-6.
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