Rahul Bajaj is a most outspoken Indian industrialist and was born on 10th June 1938. He has two sons and one daughter. His sons are Rajiv Bajaj and Sanjiv Bajaj and his daughter is Sunaina Kejriwal. He finished his schooling at Cathedral and John Cannon School. He completed his college studies at St. Stephen’s College, Delhi and Government Law College, Mumbai. He was an alumnus of Harvard Business School in USA.
He belongs to Rajasthani marwadi family of Jamnalal Bajaj. He took over the power on Bajaj Group in 1965 and became the Chairman of the Bajaj Group, which ranks among the top 10 business houses in India. He is serving as the Chief Executive Officer of Bajaj Auto Ltd since 1968. He served as Managing Director of Bajaj Holdings and Investment Limited until 31st March 2005. He is the Deputy General Manager of Bajaj Tempo Limited. He also serves as Chairman of the Board for various companies like Bajaj Finserv ltd., Bajaj Allianz Life Insurance Company Ltd., and Bajaj Allianz General Insurance.
The Bajaj Group has invested in many industries that include automobiles, home appliances, lighting, iron and steel, insurance, travel and finance. Under his chairmanship, he raised the turnover of Bajaj Auto to an abnormal level from Rs.72 million to Rs.46.16 Billion. He formed one of the best companies in India during the difficult days of license permit raj. He established many factories at Akurdi and Waluj. Bajaj Auto was top scooter producer in India in 1980.
During the Liberalization in India, it posed great challenges for Bajaj Auto. The scooter sales shirked as people were more interested in motorcycles and the rival Hero Honda was the pioneer in it. The recession in the Indian economy and stock market collapse of 2001 hit the company hard and the economists thought that the days of Bajaj Auto were numbered. However, Bajaj Auto survived the dark days and established a world-class factory in Chakan and came up with Bajaj Pulsar Motorcycle. Rahul Bajaj became the Member of Parliament in the Rajya Sabha. His company is handed over to his son Rajeev. |
