In organisational changes, Bajaj Finance announced that executive director Rakesh Bhatt has resigned and decided to pursue new career pursuits outside the company after a 15-year tenure, a regulatory filing said. Bhatt will remain as an advisor to the company and will work with the MD till June 30, 2024.
Executive director Anup Saha will be redesignated deputy MD and will oversee all the businesses of the company (excluding loan against securities and commercial lending). He will also have expanded functional responsibilities, assisted by three new COOs. Saha will continue to report to the MD. These changes will be effective from April 1, 2024.
The company has appointed three new chief operating officers. Deepak Bagati, president, debt management services, is promoted to COO, and will also have an expanded leadership responsibility for operations, services and public relations. CFO Sandeep Jain to also be a COO and will continue to oversee finance, FP&A, treasury and investor relations.
He will also have expanded leadership responsibility for HR, admin and legal. Anurag Chottani, chief information officer, is being promoted to COO with leadership responsibility for marketing and digital platforms, apart from overseeing technology and corporate strategy.