Bajaj Finance Limited has announced the board-approved re-appointment of Pramit Jhaveri as a Non-executive Independent Director. His second term is set to span five consecutive years, commencing on 1 August 2026 and concluding on 31 July 2031. This appointment remains subject to final approval by the company’s shareholders through a special resolution.
Board Decision on Leadership
Following a recommendation from the Nomination and Remuneration Committee, the Board of Directors of Bajaj Finance Limited has formally approved the continuation of Pramit Jhaveri’s tenure. Mr. Jhaveri, who serves as a Non-executive Independent Director, will continue his association with the company for a second term, ensuring leadership stability and governance continuity through July 2031.
Professional Background and Expertise
Mr. Jhaveri brings extensive experience in global finance to the board, having previously served as Vice Chairman – Banking, Asia Pacific at Citi. His notable career includes a 32-year tenure in banking, which included serving as the Chief Executive Officer of Citibank India from 2010 to 2019. Beyond his executive roles, he currently acts as an advisor to various startups, corporates, and family offices, and maintains advisory roles with Premji Invest and PJT Partners.
Philanthropic and Academic Contributions
In addition to his corporate responsibilities, Mr. Jhaveri is actively engaged in the non-profit sector. He serves as a Trustee for several prestigious organizations, including the Pratham Education Foundation, the World Monuments Fund India, and the National Centre for Performing Arts (NCPA). He holds a Bachelor of Commerce degree from Sydenham College and an MBA from the Simon School of Business, University of Rochester.
Source: BSE
