Jain has been appointed CEO of Bajaj Auto Finance (Bajaj Finance). He replaces Ravindran.
Jain has a good decade and more of experience in the finance industry. He enters Bajaj Finance after a 15-month stint with AIG, where he was deputy CEO, consumer finance business. Jain worked on bringing the consumer finance business to India. He also handled the licensing of the business and acquired a few companies.
"Bajaj Finance has a large franchise and an even wider footprint. The challenges that come with it drove me towards taking up this role with them." explains Jain. Elaborating on the challenge ahead of him, he says, "Bajaj Finance has a strong name in semi-urban and rural India. Consumer lending in the next five years will come from Bajaj Finance."
As CEO, Jain is responsible for growing Bajaj Finance into a world-class consumer lending company. All Bajaj Finance's functional heads will work with Jain.