Bajaj Auto has reported two major updates. One was the reappointment of Rajiv Bajaj as Managing Director (MD) and Chief Executive Officer (CEO) for a further term of five years from April 1, 2025. Second, an investment of Rs 1,500 crore in its wholly-owned subsidiary, Bajaj Auto Credit Ltd (BACL), will fund its estimated growth in assets under management (AUM) during the year 2025-26.
Rajiv Bajaj’s Continued Leadership
Rajiv Bajaj has played a key role in making Bajaj Auto the world leader in the two- and three-wheeler segment. He entered the company in 1990 and has been MD since April 2005. During his tenure, Bajaj Auto has developed many milestones and increased its global presence.
Major Investment in Bajaj Auto Credit Ltd
The Rs 1,500 crore investment in BACL is intended to fund the subsidiary’s anticipated growth in AUM during the financial year 2025-26. The infusion will be done in one or more tranches and can be in the form of equity capital, preference capital, or subordinated debt. BACL, incorporated in December 2021, had an AUM of Rs 7,048 crore as of December 31, 2024. The capital infusion is intended to ensure regulatory requirements and assist BACL’s capital adequacy.
Reappointment of Abhinav Bindra
Besides Rajiv Bajaj’s reappointment, the board has given its approval to the reappointment of Olympic gold medallist Abhinav Bindra as a non-executive independent director for another five-year term effective from May 20, 2025. This, too, will be subject to shareholder approval.
These strategic decisions are in keeping with Bajaj Auto’s focus on deepening its leadership and growing its financial services for future growth.
Before you go, don’t forget to check out the Top 5 Bajaj & TVS bikes under Rs 90,000.
Follow us for the Latest Bike Industry Updates
Facebook – https://bit.ly/BikeJunction_offl_fb
Instagram- https://bit.ly/BikeJunction_ofl_insta
Twitter – https://bit.ly/BikeJunction_ofl_twitter
