Bajaj General Insurance Limited has appointed Deepak Reddy as CEO Designate, effective January 1, 2027. Subject to approval from the Insurance Regulatory and Development Authority of India (IRDAI), he will take charge as Managing Director and CEO on April 1, 2027.
Reddy brings over three decades of experience across financial services, having held senior leadership positions at Bajaj Finserv, American Express, Standard Chartered Bank and MIRC Electronics. His experience spans business leadership, financial services and organisational development.
During his 17-year association with Bajaj Finserv, Reddy played a key role in building and scaling several businesses. In his most recent role within the group, he led the Rural, Insurance and Gold Loan businesses at Bajaj Finance.
Reddy also served as Bajaj Finserv’s first Group Head of Human Resources, combining business leadership with organisational development experience. His career within the group has given him familiarity with its operations and businesses.
Most recently, Reddy served as Chief Executive Officer of Manappuram Finance. His experience across financial services, including insurance, forms part of his professional background as he prepares to lead Bajaj General Insurance.
Dr Tapan Singhel will continue as Managing Director and CEO until March 31, 2027, to ensure a smooth leadership transition. The appointment of Reddy follows the company’s plans for a change in leadership at the end of Singhel’s tenure.
