Consumer durables maker Bajaj Electricals Limited announced that it has re-designated Shekhar Bajaj as Chairman and Anuj Poddar as Managing Director and Chief Executive Officer of the company, with effect from August 12, 2022.
Shekhar Bajaj has been the past President of ASSOCHAM, IMC, ELCOMA (Electric Lamp & Components Manufacturers Association), Associated Chamber of Commerce and Industry of India, IFMA (Indian Fans Manufacturers Association) and other reputed associations.
Born on June 8, 1948, Shekhar Bajaj received his B.Sc. (Hons) degree in Mathematics from Pune University in 1968. After obtaining his graduate degree, he completed his MBA degree from New York University in 1974.
Starting off in Bajaj Sevashram after his graduation, he learnt the essentials of business and gain invaluable insights into the real market and joined Bajaj Electricals Ltd. as Chief Executive in 1980. In 1975, he was appointed as the part-time Managing Director of the Mumbai-based Bajaj International Pvt Ltd and later its whole-time Managing Director. Since 1994, he has been serving as the Chairman and Managing Director of BEL.
He is also the Chairman of Hercules Hoists Ltd and Hind Lamps Ltd, besides being Director of Bajaj Auto Limited. He has been associated with the board of Bajaj Auto Ltd since 1995.
Anuj Poddar is a rank‐holding Chartered Accountant. He is a Fellow of Ananta Aspen Centre’s Kamalnayan Bajaj Fellowship, member of Aspen Global Leadership Network, Trustee of Ananta Centre, member of BMW Foundation’s World Responsible Leaders’ Forum, member of Confederation of Indian Industry’s Economic Affairs Council and holds honorary positions across multiple bodies including Indian Society of Advertisers, CEAMA (Consumer Electronics & Appliances Manufacturers Association), IFMA (Indian Fan Manufacturers Association), ELCOMA (Electric Lamp & Component Manufacturers’ Association of India) and IMC (Indian Merchants Chamber).
Prior to joining Bajaj Electricals Limited, he was a part of the Leadership Team at Viacom18. In his over decade long stint with Viacom18 he had a string of accomplishments. He spearheaded the formation of Viacom18 and has been a key architect in making it one of India’s leading media and entertainment conglomerates. He also set‐up Viacom18’s operations in USA and UK, enabled the set‐up of Viacom18 Motion Pictures and has led strategy for MTV Networks Asia.
Prior to joining Viacom 18, he has had over a decade of myriad professional experience in strategy consulting, mergers & acquisitions and assurance with Arthur Andersen and KPMG, besides running his own entrepreneurial ventures. In all his pursuits, he brings to fore a unique blend of business acumen, diverse professional experience and deep insight into human and consumer behaviour that enable him to build and run strong successful businesses and organisations, the statement said.
He has been an Executive Director of the Company since November 1, 2018.
