Bajaj Finance elevates Manish Jain to Deputy CEO, expanding his leadership role
Bajaj Finance elevates Manish Jain to Deputy CEO, expanding his responsibilities to include Loan against Securities, Commercial Lending, and Deposits businesses, reporting to the Vice-Chairman & MD.
This is an internal elevation of a senior management personnel, rather than an external appointment or resignation, suggesting continuity and recognition of existing talent. While positive, it's not expected to cause immediate significant market disruption.
The elevation of Manish Jain, a seasoned executive with a proven track record of growing key business verticals and making Bajaj Broking profitable, is a positive development, indicating strong internal talent and strategic continuity for the company's growth.
Bajaj Finance Limited's Board of Directors, in a meeting held on 10 November 2025, approved the elevation of Manish Jain from Senior President - Capital Markets to Deputy CEO. This decision, based on the Nomination and Remuneration Committee's recommendation and in line with the succession framework, expands Mr. Jain's responsibilities. * In addition to his current role as Managing Director of Bajaj Financial Securities Limited (BFSL), Mr. Jain will now also be responsible for the Company’s Loan against Securities (LAS), Commercial Lending, and Deposits businesses. * He will report to Rajeev Jain, Vice-Chairman & Managing Director. * Mr. Jain is a fellow member of the Institute of Chartered Accountants of India (ICAI) and joined Bajaj Finance Limited in January 2010. * He was instrumental in establishing robust credit underwriting and risk management frameworks for the LAS business. * Under his leadership, the LAS portfolio grew significantly from approximately ₹500 crore to ₹22,000 crore. * Bajaj Broking has achieved profitability since its first year of operations, expanding its presence to 44 locations and scaling its book size to ₹7,600 crore.
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Bajaj Finance Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Bajaj Finance Limited. Read the original for the full detail.