Pune, India | January 30, 2025 – Bajaj Finserv Limited (NSE: BAJAJFINSV, BSE: 532978) has announced a key leadership change, appointing Ramandeep Singh Sahni as the new Chief Financial Officer (CFO) and Whole-Time Key Managerial Personnel, effective February 1, 2025. Sahni will replace S. Sreenivasan, who is stepping down from the CFO role but will continue as President (Insurance & Special Projects).
Key Highlights of the CFO Transition
- New CFO: Ramandeep Singh Sahni, currently CFO at Bajaj Allianz General Insurance, will assume the role at Bajaj Finserv.
- Outgoing CFO: S. Sreenivasan steps down as CFO after over a decade in the role but remains with the company in a leadership capacity.
- Board Approval: The appointment was approved by the Board of Directors on January 30, 2025, following recommendations from the Nomination & Remuneration Committee and Audit Committee.
Profile of Ramandeep Singh Sahni
- Experience: Over 25 years in financial leadership, spanning life insurance, general insurance, and financial strategy.
- Bajaj Finserv Tenure: Joined the group in 2014, serving as CFO at Bajaj Allianz Life Insurance, followed by CFO at Bajaj Allianz General Insurance.
- Previous Roles: Spent 12 years at ICICI Prudential Life Insurance in key finance and internal audit roles.
- Qualifications:
- Chartered Accountant (CA).
- Certified Information Systems Auditor (CISA).
- Bachelor of Commerce.
Profile of S. Sreenivasan
- Role Transition: From CFO to President (Insurance & Special Projects).
- Experience: Over 38 years in corporate finance, strategy, insurance, and governance.
- Legacy at Bajaj Finserv: Led capital management, investor relations, and corporate governance while playing a pivotal role in the company’s expansion and profitability.
- Board Roles: Serves as Chairman of Bajaj Financial Securities Ltd. and Bajaj Finserv Ventures Ltd.
- Education:
- Chartered Accountant (CA).
- MBA (IIM Kolkata).
- Chartered Financial Analyst (CFA, USA).