Shrimant Baji Rao Balaji Bhat (August 18, 1700 – April 28, 1740), also known as Baji Rao I, is a noted general who serves as Peshwa (Prime Minister) to the fourth Maratha Chhatrapati (Emperor) Shahu from 1720 until Baji Rao's death.

He is also known as Thorale (Marathi for Elder) Baji Rao.

Born a Brahmin, he takes up the role of leading his troops.

He is credited with expanding the Maratha Empire, especially in north, to help reach its zenith during his son's reign twenty years after his death.

Baji Rao is thus acknowledged as the most famous of the nine Marathi Peshwas.