Bajaj Finance Re-appoints Pramit Jhaveri as Independent Director for 5 Years
Bajaj Finance has approved the re-appointment of Pramit Jhaveri as a Non-Executive Independent Director for a second five-year term. The reappointment is effective from August 1, 2026, and is subject to shareholder approval. Jhaveri has extensive experience in the banking sector and currently serves on multiple boards.
The re-appointment of an independent director is a governance-related event. While it signifies stability, it does not directly impact the company's financial performance or business operations in the short term.
The re-appointment of an experienced independent director for a long term is generally viewed positively by the market as it indicates stability and continuity in corporate governance.
Bajaj Finance Limited announced the re-appointment of Pramit Jhaveri as a Non-Executive Independent Director for a second term of five consecutive years, effective from August 1, 2026, to July 31, 2031. This decision was approved by the Board of Directors at their meeting held on April 29, 2026, based on the recommendation of the Nomination and Remuneration Committee.
The re-appointment is subject to the approval of the shareholders through a special resolution. The company confirmed that Pramit Jhaveri is not debarred from holding the office of Director by any order from SEBI or any other authority.
Pramit Jhaveri brings extensive experience, having served as Vice Chairman - Banking, Asia Pacific at Citi and as Chief Executive Officer of Citibank India from 2010 to 2019. He retired from Citibank in November 2019 after a 32-year career in banking. He is currently an advisor and mentor to startups, corporates, and family offices, and a Senior Advisor to Premji Invest and PJT Partners. He also serves as an Independent Director on the Boards of Bajaj Finserv and Larsen & Toubro.
Jhaveri is also actively involved with several philanthropic and non-profit entities in India, including Pratham Education Foundation, World Monuments Fund India, CSMVS, Museum of Art and Photography (MAP), National Centre for Performing Arts (NCPA), and the University of Rochester. He holds a Bachelor of Commerce degree from Sydenham College and an MBA from the Simon School of Business, University of Rochester. The company also stated that Pramit Jhaveri is not related to any of the directors of Bajaj Finance Limited.
The Board Meeting commenced at 1:45 p.m. and concluded at 3:50 p.m. on April 29, 2026.
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Bajaj Finance Limited filed this with the NSE as a statutory disclosure, categorised under board 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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