Bajaj Auto reappoints Rajiv Bajaj as MD & CEO, approves ₹1,500-crore infusion in Bajaj Auto Credit

Pune-based automaker Bajaj Auto Ltd on Tuesday (March 18) said its board of directors has approved the reappointment of Rajivnayan Rahulkumar Bajaj as managing director and chief executive officer for another five-year term, effective April 1, 2025, subject to shareholder approval. His current term ends on March 31, 2025.Additionally, the board has reappointed Abhinav Bindra as a non-executive independent director for a second five-year term, effective May 20, 2025, after his current tenure ends on May 19, 2025. The reappointments, based on recommendations from the Nomination and Remuneration Committee, will be subject to shareholder approval.Also, Bajaj Auto’s board of directors has approved an additional fund infusion of up to ₹1,500 crore into its wholly-owned subsidiary, Bajaj Auto Credit Ltd (BACL). The investment will be made in the form of equity capital, preference capital, or subordinated debt, in one or more tranches, during financial year 2025-26.Also Read: Bajaj Auto ED on how e-commerce is influencing buying patterns and salesThe capital infusion will be made through cash consideration and is aimed at supporting BACL’s growth and capital adequacy requirements, as the company scales its operations.BACL, incorporated on December 6, 2021, and having commenced business on January 1, 2024, is a 100% captive finance subsidiary of Bajaj Auto. It operates as a non-banking financial company (NBFC), providing financing for vehicles manufactured and marketed by Bajaj Auto and its subsidiaries.With BACL’s assets under management (AUM) are expected to grow significantly in FY25-26, the additional capital infusion will help the company meet regulatory capital adequacy norms and sustain its expansion. BACL recently completed a phased national expansion during FY24-25, positioning itself for further growth in the vehicle financing segment.Also Read: Bajaj Auto aims to surpass industry growth through upcoming launchesShares of Bajaj Auto Ltd ended at ₹7,605.95, up by ₹121.20, or 1.62%, on the BSE.(Edited by : Shoma Bhattacharjee)

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