Mr Tarun Bajaj (61) has been appointed as an Independent Director on the Board of Hindustan Unilever Limited w.e.f. December 1, 2023.
Mr Bajaj belongs to the Indian Administrative Service, 1988, Haryana Cadre. He was the Revenue Secretary, Government of India before he superannuated in November 2022.As the Revenue Secretary, he was responsible for various important policy matters related to revenue collection and taxation. He played a key role in the stabilisation of the Goods and Services Tax (GST) and also contributed in substantial increase in collections of revenue under GST and Income Tax. He was also responsible for upgrading technology in the administration of both Direct and Indirect Taxes resulting in transparency and efficiency in the working of the two departments.
As the Economic Affairs Secretary, he was responsible for various important policy matters related to the Indian economy, including fiscal policy, investments, and infrastructure financing. He played a key role in formulating the Government's economic response to the COVID-19 pandemic, including the rollout of various relief measures and economic stimulus packages.
Mr Bajaj chaired the National Investment and Infrastructure Fund. He has also served as the Director on the Central Board of the Reserve Bank of India and on the Board of SEBI. He has served as Governor of India for International Fund for Agriculture Development and as Alternate Governor of India for the World Bank (for the constituency of India, Bangladesh, Bhutan and Sri Lanka), Asian Development Bank, Asian Infrastructure Investment Bank and New Development Bank. He has earlier served on the Boards of SIDBI, Bank of Maharashtra, Bank of India, General Insurance Corporation Limited, New India Assurance Company Limited and United India Insurance Company Limited.
Mr Bajaj has a Bachelor’s Degree in Commerce from Shri Ram College of Commerce, Delhi University, an MBA from IIM Ahmedabad and Postgraduate (M.Sc.) from London School of Economics and Political Science. He is also a CFA from Institute of Chartered Financial Analysts of India, Hyderabad.