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Bajaj Electricals Anuj Poddar Elevated To The Role Of MD, CEO

Durable goods maker Bajaj Electricals on Tuesday appointed the company's executive director, Anuj Poddar, as managing director and chief executive officer.

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Durable goods maker Bajaj Electricals on Tuesday appointed the company's executive director, Anuj Poddar, as managing director and chief executive officer. The company will also separate the posts of chairman and chief executive officer, with patron Shekhar Bajaj remaining as the company's executive chairman.


"The separation of the Chairman and Managing Director positions is in continuation of the professionalisation of the management of the company and marks the company`s commitment to strong corporate governance standards," Bajaj Electricals said in an official statement.


The announcement was made in light of the company's long-term strategy under the gambit of its ongoing transformational journey.

The official statement also said, "Over the last three years, Bajaj Electricals has undertaken multiple initiatives, including strengthening of the leadership, streamlining of its corporate structure, the turnaround of its performance and balance sheet, and the planned demerger of the EPC business."


Bajaj Electricals, under Bajaj Group, had a turnover of Rs 481.3 billion in the fiscal year 2022. The business portfolio includes consumer products such as home appliances, fans, lighting, etc. With brands such as Morphy Richards and Nirlep, the company has also expanded into the premium segment of consumer electronics and cookware.