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Bajaj Holdings & Investment names new chairman

Bajaj Holdings & Investment Ltd. appointed Niraj Bajaj as additional director and nonexecutive chairman, effective May 18.

Niraj Bajaj, a promoter-director of Bajaj Group, will replace Rahul Bajaj, who resigned as nonexecutive director and chairman of the company, effective May 17.

The company's board appointed Rahul Bajaj as chairman emeritus.

In addition, the company appointed Anami Roy as an additional independent director, effective April 1. Roy is on the board of several companies, including HDFC Bank Ltd. and Glaxo Pharma.

Roy will replace P. Murari, who will step down as nonexecutive independent director upon the expiration of his term on March 31. Murari is not continuing with a second term in the role due to certain commitments, priorities and health reasons.