Bajaj Electricals MD & CEO to move on from the business

Bajaj Electricals Limited announced the resignation of its managing director and chief executive, Anuj Poddar from his position, and as a member of the board of directors of the company on Wednesday. The board has accepted his resignation. His last day with the company will be on 30th September 2024.

The chairman of Bajaj Electricals, Shekhar Bajaj, said, “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.”

During the transition period after Poddar’s exit, Mr Bajaj will take over the responsibilities.


Under Poddar’s leadership, the company has consolidated the balance sheet, and demerged the EPC business, among others. Amidst his charge in the past five and a half years, the company became net-debt-free for the first time in March 2022, relaunched its flagship brand, ‘BAJAJ’, got into a long-term licensing agreement with ‘Morphy Richards’, reported significant investments on accelerating its R&D capabilities, drove digital transformation, and more.

Poddar has also played a strong industry role across various bodies like Consumer Electronics and Appliances Manufacturers Association, Electric Lamp and Component Manufacturers’ Association of India, Indian Fan Manufacturers Association, The Advertising Standards Council of India, and Confederation of Indian Industry.