In an exchange filing, Bajaj Finserv said, “This is to inform you that Shri Madhur Bajaj (DIN: 00014593), has expressed his willingness to step down from the Company on account of health reasons.

Bajaj, along with brother Sanjiv and uncles Shekhar, Niraj, and Madhur, came together to unveil Bajaj Beyond, a new identity for the group’s social impact programmes to focus on skill development.