Business magnate Rahul Bajaj has decided to step down as Chairman of Bajaj Finance. He is currently a Non-Executive Chairman of Bajaj Finance. He will step down from his post on July 31, 2020. Bajaj Finance has conveyed this in a filing to Bombay Stock Exchange. Rahul Bajaj’s son Sanjiv Bajaj will succeed him from August 1. Sanjiv Bajaj is Chairman and Managing Director of Bajaj Finserv and Chairman of Bajaj Allianz.
Though he is stepping down, Rahul Bajaj will continue to serve as Non-Executive, Non-Independent Director.