Bajaj General Insurance names Deepak Reddy as next MD and CEO

Reddy has more than three decades of experience in financial services. He has held senior leadership positions at Bajaj Finserv, American Express, Standard Chartered Bank and MIRC Electronics.Before joining Bajaj General Insurance, Reddy was the chief executive officer of Manappuram Finance. (Photo: India Today)New Delhi,Oct 23, 2026 19:03 ISTBajaj General Insurance has appointed Deepak Reddy as its next managing director and chief executive officer (MD and CEO). He will take charge on April 1, 2027, subject to approval from the Insurance Regulatory and Development Authority of India (IRDAI).The company’s board has approved his appointment as CEO designate from January 1, 2027. The current MD and CEO, Dr Tapan Singhel, will continue in the role until March 31, 2027, to ensure a smooth transition.WHO IS DEEPAK REDDY?Reddy has more than three decades of experience in financial services. He has held senior leadership positions at Bajaj Finserv, American Express, Standard Chartered Bank and MIRC Electronics.He spent 17 years at Bajaj Finserv, where he played a key role in building and expanding several businesses. In his most recent role within the group, he led the rural, insurance and gold loan businesses at Bajaj Finance. Reddy was also the first group head of human resources at Bajaj Finserv, combining business leadership with experience in organisational development.Before his appointment at Bajaj General Insurance, he served as chief executive officer of Manappuram Finance. His experience across financial services, including insurance, and his understanding of the Bajaj Group are expected to support the company’s next phase of growth.TAPAN SINGHEL TO CONTINUE UNTIL MARCH 2027Singhel will remain at the helm of Bajaj General Insurance until March 31, 2027, after which Reddy will take over, subject to regulatory approval.Under Singhel’s leadership, the company evolved from a joint venture into a wholly Bajaj-owned business. He played a key role in building the insurer and strengthening its focus on underwriting discipline, innovation and customer service.Sanjiv Bajaj, Chairman and Managing Director of Bajaj Finserv, acknowledged Singhel’s contribution to the company’s growth and the development of the institution over the years.Bajaj General Insurance, formerly known as Bajaj Allianz General Insurance Company, is a material unlisted subsidiary of Bajaj Finserv Limited.- Ends