Bajaj Finance Share Price Hits All-Time High After Company Promotes Rajiv Jain To Vice Chairman Post

Bajaj Finance Share Price: Bajaj Finance's share price gained nearly 5 per cent to trade at an all-time high of Rs 9,089.00 apiece on March 21 on the NSE. The stock gained after the company announced the restructuring of its top brass.

The company’s restructuring announcement has reduced uncertainty regarding business continuity and bolstered investor sentiments. On March 21, Bajaj Finance informed the exchanges that its Board of Directors has approved the elevation of Rajeev Jain as the company’s Vice Chairman. The company added that Jain’s tenure as Managing Director is slated to end on March 31, 2025.

Notably, this will be Jain’s second term as the Vice Chairman of the Bajaj group company. Jain has been appointed as the Vice Chairman for a period of three years with effect from April 1, 2025. Notably the promoter of Bajaj Finance, Sanjiv Bajaj will continue as its chairman.

Who Is Rajiv Jain

Rajiv Jain began his career over three decades ago. Jain joined Bajaj Finance in 2007 as the company’s Chief Executive Officer of Bajaj Finance in 2007 and was later promoted to the post of Managing Director in 2015. Jain is also credited with aiding the growth of the company into India's largest consumer financier.

Prior to his 18-year-long stint at Bajaj Finance, Jain has also worked with the consumer finance arm of various companies such as General Electric, American Express and the American International Group (AIG).

Who Will Replace Rajiv Jain

The company also said that Anup Kumar Saha, the Deputy Managing Director of the company has been promoted to the post of Managing Director, with effect from April 1, 2025. Saha’s tenure as the Managing Director is scheduled to end on March 31, 2028. Bajaj Finance also mentioned that the proposed restructuring is subject to the approval of shareholders.

Bajaj Finance Share Price History

In five years, shares of Bajaj Finance have gained over 219 per cent on the NSE. In a year the company’s shares have surged over 33 per cent. On a Year-to-Date (YTD) basis the stock has surged over 31 per cent. In six months shares of the company have climbed more than 17 per cent and in a month the stock has gained over 5 per cent. In five days the company’s shares have traded higher by over 6 per cent.

At the time of writing, shares of Bajaj Finance pared the gains and traded slightly lower than their 52-week high levels. Shares of Bajaj Finance traded up by 2.38 per cent at Rs 8,886.25 apiece on the NSE.

Buy Outlook Money March 2025 Magazine Issue on Amazon Here.