Bajaj Electricals Limited announced that Mr. Anuj Poddar, Chief Executive Officer of the Company, has notified of his intention to leave the Company to explore an external opportunity and has tendered his resignation from his position. The Board of Directors, at its meeting held on July 17, 2024, accepted the resignation of Mr. Anuj Poddar as the Chief Executive Officer of the Company and decided to relieve him of his duties with effect from close of business hours on September 30, 2024. Anuj led the organisation through a tumultuous phase and has been the architect of its overhaul and turnaround.

A visionary leader, he has been instrumental in rolling out multiple transformative initiatives across the organisation, streamlining the corporate structure, strengthening the leadership team, consolidating the balance sheet, demerging the EPC business and bringing in a consumer-first approach, while driving a long-term growth strategy. Under his exemplary leadership, the company achieved several significant milestones, notably becoming net-debt-free in March'22 (a first for the company), relaunching its brand `BAJAJ', establishing the `House of Brands' architecture, expanding the portfolio with a new, premium brand (Nex), signing a long-term licensing agreement for the `Morphy Richards' brand, reorganising the Lighting Solutions business, launching a slew of products to premiumise the portfolio, rolling out a new ERP system, and attracting strong talent to the organisation. During his tenure, the Company witnessed significant focus and investments on accelerating its R&D capabilities, expanding its go-to-market approach, driving digital transformation and fortifying its operational capabilities, all of which have laid the foundation for significant future growth.

Anuj's leadership and impact has transcended Bajaj Electricals. He has played a strong industry role, through his leadership and contribution across various industry bodies viz. CEAMA (Consumer Electronics and Appliances Manufacturers Association), ELCOMA (Electric Lamp and Component Manufacturers' Association of India), IFMA (Indian Fan Manufacturers Association), ISA (Indian Society of Advertisers), ASCI (The Advertising Standards Council of India) and CII (Confederation of Indian Industry).