Bajaj Housing Finance Limited announced significant changes in its Senior Management Personnel (SMPs) effective April 1, 2026. Amit Sinha resigned to transition to Bajaj Finance Limited. Hari Dasan EVK ceased his role as Senior Head – Legal but remains an SMP via an intra-group movement. Gagandeep Malhotra was appointed as the new Chief Risk Officer (CRO) for a five-year term, while Amit Maheshwari continues as SMP.
Bajaj Housing Finance Announces SMP Transitions
At a Board meeting held on 17 March 2026, Bajaj Housing Finance Limited (the “Company”) noted and approved several changes concerning its Senior Management Personnel (SMPs), as required under the SEBI Listing Regulations. These changes will be effective from 1 April 2026.
Details of Key Management Changes
The primary changes involve the cessation of roles and new appointments:
- Hari Dasan EVK (Senior Head – Legal): Ceased to be classified as SMP, moving via an intra-group transfer to Bajaj Finance Limited. He continues to be designated as an SMP of the Company.
- Amit Sinha (EVP-Home Loan): Ceased to be an SMP due to his transition to Bajaj Finance Limited, effective 31 March 2026 (close of business hours). His formal resignation letter confirms his move to a new role effective 1 April 2026.
- Niraj Adiani: Ceased to hold the position of Chief Risk Officer (CRO) but continues to be designated as an SMP of the Company.
- Gagandeep Malhotra: Appointed as the new Chief Risk Officer (CRO) for a fixed period of 5 consecutive years. He continues to be designated as an SMP.
- Amit Maheshwari (Chief Operations & Service): Continues in his role and remains classified as an SMP.
Profile Summaries of Key Individuals
Gagandeep Malhotra (New CRO)
Mr. Malhotra brings almost 21 years of experience across Bajaj Finserv Group (BHFL & BFL) and Citibank. He joined BHFL in June 2022 as Chief Credit – Wholesale Lending. His expertise spans underwriting for both Residential and Commercial Real Estate assets. Prior to BHFL, he spent nearly 7 years at Bajaj Finance Ltd. managing Credit, Risk & Operations for Commercial Lending.
Hari Dasan EVK
Mr. Hari Dasan EVK possesses over 27 years of experience in legal strategy, compliance, and risk management in the financial services industry. Prior to his current role, he was Senior Head – Legal at Bajaj Finance Limited (BFL), playing a crucial role in strengthening the legal and compliance framework.
Amit Maheshwari
Mr. Maheshwari has nearly 27 years of professional experience, including over two decades within the Bajaj Finserv Group. He joined BHFL in May 2025 and serves as Chief – Operations & Services, overseeing Customer Service and ensuring strong process governance. Before this, he spent nine years at Bajaj Finance Ltd. in leadership roles concerning Risk, Operations, and Regulatory Compliance.
Effective Dates of Change
The effective date for the changes in appointment, cessation, or reappointment for all affected SMPs is stated as 1 April 2026.
Source: BSE
