Whalesbook
Bajaj Housing Finance Limited has announced significant changes to its senior leadership team, including the appointment of a new Chief Risk Officer and realignments across key roles, effective April 1, 2026. This follows a board meeting on March 17, 2026.
Gagandeep Malhotra has been appointed as the new Chief Risk Officer for a term of five years, continuing his senior management status in this crucial role. Hari Dasan EVK has been re-appointed as Senior Head – Legal, ensuring continuity in the company's legal and compliance functions.
Several other senior personnel movements are underway. Amit Maheshwari will move to Bajaj Finance Limited, concluding his role as a senior manager at Bajaj Housing Finance on March 31, 2026. Niraj Adiani has also ceased to hold his senior management position. Amit Sinha is transitioning to another business function but will continue to be recognized as a senior manager, indicating an internal realignment.
The appointment of a dedicated Chief Risk Officer is vital for any financial institution, particularly a housing finance company like Bajaj Housing Finance. This role is central to managing risks, ensuring adherence to regulations, and protecting the company.
Gagandeep Malhotra previously served as the Head of Credit and Wholesale Financing at Bajaj Housing Finance, overseeing portfolios such as construction finance and loan against property. Niraj Adiani was formerly the Executive Vice President – Risk.
These shifts suggest a strategic alignment within the broader Bajaj group. The movement of Amit Maheshwari to the parent company, Bajaj Finance Limited, may point to enhanced collaboration or optimized resource allocation across group entities.
While these changes aim to strengthen oversight and management, any significant churn in senior ranks can create short-term uncertainty. Bajaj Housing Finance previously faced a ₹5 lakh penalty from the Reserve Bank of India in February 2024 for not obtaining prior regulatory approval for substantial management changes, highlighting the strict need for compliance with personnel regulations.