Bajaj Auto Invests ₹1,500 Crore in Credit Arm and Reappoints Rajiv Bajaj

Subject to shareholder approval, Bajaj Auto has stated that Rajiv Bajaj would continue to serve as Managing Director and CEO for a further five years, beginning April 1, 2025. Additionally, the business has given Bajaj Auto lending Ltd (BACL), its lending division, ₹1,500 crore.Rajiv Bajaj has been reappointed by Bajaj Auto as Managing Director and CEO for a further five-year term, which will take effect on April 1, 2025. In order to support its anticipated asset expansion for the fiscal year 2025–2026, the business has invested ₹1,500 crore in Bajaj Auto Credit Ltd (BACL), its wholly-owned subsidiary, in addition to this leadership decision. The goal of the capital infusion is to improve BACL's overall financial stability, capital sufficiency, and regulatory compliance.Important Points Rajiv Bajaj's Resignation Rajivnayan Rahulkumar Bajaj has been reappointed by the board of directors of Bajaj Auto as MD and CEO for a five-year term beginning on April 1, 2025. Shareholder approval of the decision is pending. The company's worldwide expansion in two- and three-wheelers is attributed to Rajiv Bajaj, who has been in charge since 2005.Bajaj Auto said that it would invest ₹1,500 crore in Bajaj Auto Credit Ltd (BACL).

The funds will be disbursed gradually, either in the form of subordinated debt, preferred capital, or equity capital. The investment will support BACL's capital sufficiency and regulatory compliance. Financial Performance of BACL December 2021 saw the establishment of BACL. BACL reported having ₹7,048 crore in assets under management (AUM) as at December 31, 2024. The net value was ₹258.23 crore, and the turnover for FY 2023–24 was ₹16.65 crore.