Bajaj Finserv Share Price in Focus; Subsidiary Names Deepak Reddy as CEO Designate

Bajaj General Insurance has selected Deepak Reddy to lead the company after Dr. Tapan Singhel’s tenure as managing director and CEO ends in March 2027. The insurer’s board approved Reddy’s appointment as CEO Designate, effective January 1, 2027. 

Reddy is scheduled to take over as MD and CEO on April 1, 2027, subject to approval from the insurance regulator. Singhel will remain in the role until March 31, allowing time for the handover. 

Deepak Reddy Brings Experience Across Financial Services 

Reddy has more than 30 years of experience in financial services, including senior roles at Bajaj Finserv, American Express, Standard Chartered Bank and MIRC Electronics. 

He spent 17 years with Bajaj Finserv, where he helped build and expand several businesses. His roles included leading the Rural, Insurance and Gold Loan businesses at Bajaj Finance. He also served as the group’s first Head of Human Resources. 

Before this appointment, Reddy was the Chief Executive Officer of Manappuram Finance. 

Tapan Singhel To Step Down 

Singhel will lead the insurer until the end of March 2027. Bajaj Finserv Chairman and Managing Director Sanjiv Bajaj credited him with helping shape the business from its joint-venture beginnings into a wholly Bajaj-owned company. 

Bajaj also highlighted Singhel’s contribution to underwriting discipline, innovation and customer service. He said the group expects Reddy to build on the foundation established by Singhel and his team. 

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Bajaj Finserv Share Price Performance  

As of 23 October 2026, Bajaj Finserv Ltd share price closed at ₹1,655 per share, reflecting a decline of 1.37% from the previous trading session. 

Conclusion 

The transition will bring a change at the top of Bajaj General Insurance from April 2027. Reddy’s long association with the Bajaj Group and experience across financial services takes over the insurer’s leadership. 

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