So far, the role was being played by child actor Raj Bhanushali.
"I am really excited to essay the central character of Bajrangbali. I am Hanumanji's ardent follower and I know almost all his life stories - right from his birth to the brave rescue of Sita from Lanka," Rishabh said in a statement.
The real life teenager is looking forward to work with the show's cast, and is confident of being loved by the audience.
"I am sure of winning love and blessings from all the fans and viewers of 'Jai Jai Jai Bajrangbali' alike as they did for Raj," he added.
The Sahara One show enters its new phase May 27.