Anup Saha Resigns as Bajaj Finance MD; Jain Returns

Anup Kumar Saha has resigned from his position as Managing Director of Bajaj Finance, just four months into the role, for personal reasons. The company confirmed the resignation on Monday.

Saha, who joined Bajaj Finance in 2017, has nearly 30 years of experience in the financial services industry, including 14 years at  ICICI Bank before joining Bajaj Finance. Saha’s leadership was significant and transformative, particularly in launching new businesses, scaling, and fostering a strong focus on innovation and customer centricity.

Following his departure, the company announced the reappointment of Rajeev Jain as MD. Jain, who was previously MD, will also continue as Vice Chairman and serve until March 31, 2028.

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Under Jain’s previous tenure, Bajaj Finance experienced tremendous growth and established itself as one of India’s largest non-banking financial companies. Jain’s return strengthens continuity and supports the strategic vision of the firm.

Saha’s short but impactful tenure is recognised for accelerating digital transformation and improving financial inclusion via technology-enabled solutions, EdTech, and FinTech. He also played a key role in scaling the biometric authentication platform and launching new product lines and customer bases.