The Bajaj family is in-charge of the 96-year-old Bajaj Group and the man who has been spearheading this organisation since 1965 was Rahul Bajaj. His legacy is now being carried forward by his sons, Rajiv and Sanjiv Bajaj who now hold positions at the top of the management in the Bajaj group. Sanjiv Bajaj is currently the Chairman and Managing Director of Bajaj Finserv and has been associated with the business since 1994.
Sanjiv Bajaj early life
Sanjiv Bajaj hails from the illustrious Bajaj family. Being the great-grandson of Jamnalal Bajaj and younger son of business tycoon, Rahul Bajaj, his destiny to be a part of this legacy business was almost pre-decided. After finishing his education, Sanjiv joined Bajaj Auto and began his career. Sanjiv completed his mechanical engineering from the University of Pune, and then pursued degrees in manufacturing systems engineering from the University of Warwick, and management from Harvard Business School.
Sanjiv Bajaj career
In 1994, Bajaj started his career at Bajaj Auto. He held a variety of positions while working at Bajaj Auto, including leading the organization’s financial, legal, and international commercial activities. He was recognised for adopting General Motors as a model to introduce American-style supply chain management to Bajaj Auto.
Sanjiv became the managing director of Bajaj Finserv following the demerger of Bajaj Auto in 2007. In 2012, he assumed additional positions as managing director of Bajaj Holdings & Investment Limited, vice chairman of Bajaj Finance, and chairman of Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance. He oversaw the introduction of Bajaj Finserv Mutual Fund to the Indian market in 2023.
He serves as Bajaj Finserv’s chairman and managing director. In May 2022, he was reappointed as managing director for a further five years.
For his immense contribution to the business, he was recognised in 2019 as Entrepreneur of the Year Award from the All India Management Association (AIMA) and the 2018 Business Leader of the Year Award from the Economic Times. In addition, he was honoured with the 2017 Ernst & Young – EY Entrepreneur of the Year Award, the 2015–16 Bombay Management Association (BMA) – Entrepreneur of the Year Award, Business World – India’s Most Valuable CEOs, and the 2017–18 Financial Express Best Banks Award: Banker of the Year.
Shefali Bajaj, the spouse of Sanjiv, holds a master’s degree in business administration from Switzerland and a bachelor’s degree in economics and commerce from St. Xavier’s College in Mumbai.
Sanjiv Bajaj net worth
As of 2023, he has a net worth of $4.3 billion, according to Forbes report. As per their official website, the Bajaj Group has a consolidated revenue of $9 million for FY2022-23.
