Bajaj Electricals MD & CEO Anuj Poddar Resigns to Pursue New Opportunity

Bajaj Electricals has announced that its Managing Director and CEO, Anuj Poddar, will be stepping down to pursue an external opportunity. The Board has accepted his resignation, recognizing Anuj’s significant contributions to the company's transformation and growth over the past five and a half years. His tenure will end on September 30, 2024.

During his time at Bajaj Electricals, Anuj successfully navigated the company through a challenging period, leading its overhaul and turnaround. He played a crucial role in implementing numerous transformative initiatives, restructuring the corporate framework, strengthening the leadership team, consolidating the balance sheet, demerging the EPC business, and fostering a consumer-first approach while driving a long-term growth strategy.

Anuj’s impact extended beyond Bajaj Electricals, as he was actively involved in various industry bodies such as CEAMA (Consumer Electronics and Appliances Manufacturers Association), ELCOMA (Electric Lamp and Component Manufacturers’ Association of India), IFMA (Indian Fan Manufacturers Association), ISA (Indian Society of Advertisers), ASCI (The Advertising Standards Council of India), and CII (Confederation of Indian Industry).

Commenting on his resignation, Shekhar Bajaj, Chairman of Bajaj Electricals, shared, “Anuj joined us at a time when we were facing significant challenges, and he has demonstrated exceptional passion, leadership and strategic foresight in navigating our organisation into a strong position. He has embodied the values of the Bajaj Group and focused on doing what is right for the business and all our stakeholders. The Board and I have regretfully accepted his decision to pursue a professional opportunity outside the organisation. During the period of transition following his exit, as the Executive Chairman, I shall take over his responsibilities and along with our strong leadership team, we will continue to drive our future growth.”

Anuj Poddar expressed, “It has been a privilege to have been a part of Bajaj Electricals’ momentous journey over the past few years. I thank our Chairman, Shekhar Bajaj, for reposing his faith in me and his constant guidance and support. I shall always remain proud of and indebted to our entire team who have been an integral part of this journey and instrumental in the success we have achieved. I remain immensely confident of the strategic trajectory we are on and wish the board and the company all the very best for its continued success.”