Bajaj Finance has announced that Rajiv Bajaj will step down from the board of Bajaj Finance at the end of his current term, after deciding not to seek reappointment, the company said in an exchange filing.
His tenure as a non-executive director will conclude at the close of the company’s upcoming annual general meeting, in line with regulatory requirements.
According to a dated April 29, 2026, the company informed that Rajiv Bajaj has expressed his willingness to step down. He has indicated that he will not offer himself for re-election at the upcoming annual general meeting. Accordingly, he will cease to be a Non-Executive Director of the company at the AGM scheduled for Thursday, July 30, 2026, at the close of business hours.
The filing did not cite any specific reason for his decision beyond the completion of his term. Bajaj Finance also placed on record its appreciation for his contribution during his tenure on the board.
Rajiv Bajaj, who continues as managing director of Bajaj Auto, has been associated with the lender as part of the broader Bajaj Group structure. His departure comes as the company continues to operate with a largely professional management and board oversight.
The development is seen as a routine transition linked to board tenure rather than an abrupt change in leadership.