Bajaj Finance Limited – Director Re‑appointment

Date: 29 April 2026

Announcement Overview

• Event: Re‑appointment of Pramit Jhaveri as a non‑executive independent director.
• Term: 1 Aug 2026 – 31 Jul 2031 (second five‑year term).
• Approval: Board of Directors approved; subject to shareholder approval by special resolution.
• Compliance: Confirmed not debarred or disqualified under SEBI regulations.

Director Profile

• Current Roles: Advisor/mentor to startups, Senior Advisor to Premji Invest & PJT Partners, Independent Director on boards of Bajaj Finance, Bajaj Finserv, and Larsen & Toubro.
• Past Experience: Vice‑Chairman – Banking, Asia Pacific at Citi; CEO of Citibank India (2010‑2019); 32‑year banking career.
• Education: B.Com (Sydenham College, Mumbai University), MBA (Simon School of Business, University of Rochester).
• Philanthropy: Trustee for several NGOs and cultural institutions.

Governance Impact

• Continuity: Retains board stability and institutional knowledge.
• Expertise: Enhances strategic oversight in financial services, risk management, and corporate governance.
• No Conflict: No relationship with existing directors; no related‑party concerns.

Investor Implications

• Positive Signal: Strong governance and experienced leadership are viewed favorably by the market.
• Strategic Advantage: Mr. Jhaveri’s network may open partnership and growth opportunities.
• Risk: Minimal; compliance confirmed, no disqualification.

Outlook

• Score: 8 / 10 (moderately positive).
• Rationale: The appointment bolsters board quality without introducing new risks, supporting a stable and potentially growth‑oriented trajectory for Bajaj Finance.

For further details, refer to the full announcement and the company’s board of directors page.