Date: October 28, 2026
KMP / Board / Auditor Changes
Shekhar Bajaj
- Current Role: Executive Chairman
- New Role: Non-Executive Director and Chairman Emeritus (honorary title)
- Effective Date: Transition out of Executive Chairman role effective December 31, 2026; New role effective January 1, 2027
- Status: Subject to shareholder approval
- Tenure: Has been at helm for over 40 years
- Continued Role: Will remain on Board as Non-Executive Director
Sudarshan Sampathkumar
- Current Role: Independent Director
- New Role: Non-Executive Chairman
- Effective Date: January 1, 2027
- Status: Subject to shareholder approval
- Responsibilities: Lead the Board, enable discharge of collective responsibilities for governance, performance oversight, succession and risk
Sanjay Sachdeva
- Role: Managing Director and Chief Executive Officer
- Status: Continues in current role
- Responsibilities: Lead and run the Company, develop and execute Company's strategy, deliver sustainable performance
Continuity of Bajaj Family Representation
- Shekhar Bajaj, Pooja Bajaj, and Nirav Bajaj will continue to serve on the Board
- The Bajaj family remains committed as long-term promoter and shareholder
Governance Model Changes
The transition reflects the Company's continued transition towards a professionally managed and Board-led governance model. The new governance model provides clear separation between executive management and Board leadership:
- Managing Director leads and runs the Company
- Non-Executive Chairman leads the Board and enables discharge of collective responsibilities
- Management team remains accountable for strategy development, business execution, organizational leadership and performance delivery
- Board provides collective guidance and oversight