Bajaj Auto Reappoints Rajiv Bajaj, Invests ₹1,500 Crore in Credit Arm

Bajaj Auto has announced the reappointment of Rajiv Bajaj as Managing Director and CEO for another five-year term, effective April 1, 2025. Alongside this leadership decision, the company has infused ₹1,500 crore into its wholly-owned subsidiary, Bajaj Auto Credit Ltd (BACL), to support its projected asset growth for the financial year 2025-26. The capital injection aims to enhance BACL’s regulatory compliance, capital adequacy, and overall financial stability.

Key Highlights

Rajiv Bajaj’s Reappointment

• Bajaj Auto’s Board of Directors has reappointed Rajivnayan Rahulkumar Bajaj as MD & CEO for a five-year term starting April 1, 2025.
• The decision awaits shareholder approval.
• Rajiv Bajaj has been leading the company since 2005 and is credited with its global expansion in two- and three-wheelers.

Investment in Bajaj Auto Credit Ltd (BACL)

• Bajaj Auto announced a ₹1,500 crore investment in BACL.
• The capital will be deployed in instalments, potentially as equity capital, preference capital, or subordinated debt.
• The investment will help BACL meet regulatory requirements and sustain its capital adequacy.

BACL Financial Performance

• BACL was established in December 2021.
• As of December 31, 2024, BACL reported assets under management (AUM) of ₹7,048 crore.
• Turnover for FY 2023-24 was ₹16.65 crore, and net worth stood at ₹258.23 crore.

Reappointment of Abhinav Bindra

• The board also reappointed Olympic gold medallist Abhinav Bindra as a non-executive independent director.
• His second five-year term will begin on May 20, 2025, subject to shareholder approval.