rahul bajaj biography
Rahul Bajaj (10 June 1938 – 12 February 2022) was an Indian billionaire businessman.He was the chairman emeritus of the Indian conglomerate Bajaj Group. He was awarded the third-highest civilian award Padma Bhushan in 2001.
In 2008, he split Bajaj Auto into three units – Bajaj Auto, finance company Bajaj Finserv and a holding company.
His sons Rajiv Bajaj and Sanjiv Bajaj are now managing the day-to-day affairs of the company.
rahul bajaj Early life
He was born on 10 June 1938 in a Agrawal family and is the grandson of Indian independence fighter, Jamnalal Bajaj.
rahul bajaj Education
Bajaj was an alumnus of Harvard Business School in the US, St. Stephen’s College, Delhi, Government Law College, Mumbai and Cathedral and John Connon School.(rahul bajaj biography)
rahul bajaj Career
Bajaj speaking at the 2016 Horasis Global Meeting. He took over the Bajaj Group in 1965.In 2005, Rahul Bajaj stepped down from his role and his son Rajiv became the Group’s managing director.
rahul bajaj family tree
rahul bajaj Political Career
Bajaj got elected to the Rajya Sabha, India’s Upper House of Parliament in the 2006-2010 period.
On the Forbes 2016 list of the world’s billionaires, he was ranked No. 722 with a net worth of US$2.4 billion
Rahul Bajaj was elected as the president of the Confederation of Indian Industry (CII) twice in 1979-80 and 1999–2000. For his outstanding work to the Indian industry,
the then President of India, Pranab Mukherjee presented him CII President’s Award for Lifetime Achievement in 2017(rahul bajaj biography).
In April 2021, Bajaj stepped down as non-executive chairman of Bajaj Auto, ceding the position to his cousin, Niraj Bajaj. He remains with the company as chairman emeritus.
rahul bajaj Personal life
His sons Rajiv Bajaj and Sanjiv Bajaj are involved in the management of his companies. His daughter Sunaina is married to Manish Kejriwal, the former head of Temasek India.
On 12 February 2022 he died following a number of diseases he was suffering from. He had pneumonia and a heart problem. (rahul bajaj biography)
He was admitted to the Ruby Hall Clinic for a month and breathed his last on Saturday, February 12, 2022 at 2.30 pm.
Rahul Bajaj became a part of his father’s group as Deputy General Manager. He was in charge of key departments in the company like marketing, accounts, purchase, and audit. etc.
Under the guidance of Naval K Firodia, CEO of Bajaj Auto, Rahul learnt the nuances of the business. Later Firodia and the Bajajs parted ways. After his father passed away in 1972,
Rahul was appointed the Managing Director of Bajaj Auto. Under his leadership the company witnessed tremendous growth. Rahul Bajaj built the firm in the 1970s and ’80s.
|Born||10 June 1938
Pune, Bengal Presidency, British Raj
(now Kolkata, West Bengal, India)
|Occupation||CEO emeritus, Bajaj Group|
|Political party||Indian I Congress|
|Spouse(s)||Rupa Bajaj (1961–2013)|
|Children||3, including Rajiv Bajaj|
|Relatives||Jamnalal Bajaj (grandfather)
Tarang Jain (nephew)
Anurang Jain (nephew)
He grew the company’s revenues to join the Billion-dollar club. It was through his initiative that Chetak and Bajaj Super models rose to prominence in the Indian market.(rahul bajaj biography)
Originally based on Italian Vespa Sprint, Chetak was an affordable means of transportation for millions of Indians for decades and is remembered as ‘Hamara Bajaj’.
Bajaj sales hit a low point around 2001 after market liberalisation saw Japanese competitors like Honda, Yamaha, and Suzuki introduce new motorcycles and change the dynamics of India’s market.
But, it soon recovered from the loss with effective marketing and promotion. Bajaj Auto reinvented itself and came up with Bajaj Pulsar Motorcycle.(rahul bajaj biography)
In 2008, he split Bajaj Auto into three units – Bajaj Auto, finance company Bajaj Finserv and a holding company. His sons are now managing the day to day affairs of the company.
Rahul Bajaj has been the president of the Confederation of Indian Industry (CII) and the Society of Indian Automobile Manufacturers (SIAM).(rahul bajaj biography)
rahul bajaj Awards and recognitions
He was appointed the chairman of Indian Airlines in 1986 and was awarded Padma Bhushan in 2001. In June 2006, Rahul Bajaj was elected to Rajya Sabha from Maharashtra.
In 2005, he resigned as chairman, his son Rajiv became the Group’s managing director. In 2013, (rahul bajaj biography)
the Bajaj family won the ‘Distinguished Family of the Year’ award. They won the award for dedicating their wealth and time for the public good.
The family runs schools like balwadis, vocational and technical training institutes, which includes adopting ITIs.
They train rural women in tailoring and embroidery. They have set up hospitals and rural development programmes under the umbrella of Jankidevi Bajaj Gram Vikas Sanstha.(rahul bajaj biography)
Rahul Bajaj’s ‘fearless’ approach
He is known in corporate circles as the man who does not mince words when it comes to any matter of national interest or echoing corporate India’s woes.
On November 30, at an awards event organised by the Economic Times in Mumbai, Rahul Bajaj said that he was “born anti-establishment”.(rahul bajaj biography)
Rahul Bajaj has always been regarded as plain-spoken and his friends call him ‘fearless’. In the 1970s,
when Italy’s Piaggio didn’t renew Bajaj’s license, he began manufacturing his own brand of scooters with names like Chetak and Super.
Under Indira Gandhi, the government regulated production under a system called the License Raj. (rahul bajaj biography)
Owing to the restrictions, buyers had to book and wait for years to receive scooter. However, Rahul protested against the License Raj.
In an interview, Rahul said that if he had to go to jail for production of a commodity that most Indians needed, he didn’t mind.
On November 30, he triggered a sharp debate on Twitter after he said that there is an atmosphere of fear in the country and people are afraid to criticise the government.(rahul bajaj biography)
Bajaj family’s wealth/rahul bajaj net worth
Rahul Bajaj owns 10% stake in Bajaj Auto, 10% in Bajaj Finserv and 24% of Bajaj Holdings & Investment. He also owns a 2% stake in Bajaj Finance and 14% in-home appliance.(rahul bajaj net worth)
His net worth is estimated to be at $4.4 billion. According to Forbes India’s 100 Richest People in 2019 list, the Bajaj family’s net worth stands at $9.2 billion and it is the 11th richest family in India.(rahul bajaj net worth)
Jamnalal Bajaj Biography
Mr. Jamnalal Bajaj. He strongly believed that, ‘common good was more important than individual gain’. His philosophy which has stood the test of time,
was successfully taken forward by his sons Mr. Kamalnayan Bajaj and Mr. Ramkrishna Bajaj and is now spearheaded by Mr. Rahul Bajaj. This has taken the group to higher levels of success and respect.
2/2 Never at loss 4words, #RahulBajaj was blunt 2a fault. Few months ago, told him that his genes HD Travelled to his son whose interview on Covid had been crisp, candid & much admired. He was clearly proud & happy as a father. Spoke truth 2power. Created the powerhouse #CII is.
— Abhishek Singhvi (@DrAMSinghvi) February 12, 2022
The Group now stands tall in the Corporate World. The Group has a market capitalization of about Rs. 8,67,900 crores (about US$ 118 billion) with 40 Group Companies and approximately 36,000 employees. (rahul bajaj biography)
It offers an extensive range of products and services including motorised two and three wheelers, home appliances, electric lamps, wind energy, special alloys and stainless steel,
cranes, material handling equipment, travel, general and life insurance and investment, consumer finance and asset management.
For society however, Bajaj is more than a corporate identity. It is a catalyst for social empowerment. It is the reason behind the smile that lights up a million faces. (rahul bajaj biography)
Its goodwill resonates in the two simple words that live in the collective consciousness of Indians – Hamara Bajaj.
rahul bajaj passed away
Veteran industrialist Rahul Bajaj, synonymous with Bajaj Auto, died today in Pune. He was 83.A statement from the Bajaj Group said that the industrialist died in the “presence of his closest family members”.
Rahul Bajaj had resigned as Bajaj Auto Chairman in April last year. However, he was appointed as firm’s Chairman Emeritus for five years.(rahul bajaj passed away)
One of the most famous taglines in the Indian corporate ad industry has been “you just can’t beat a Bajaj” and the “Hamara Bajaj” for the company’s iconic two-wheeler.(rahul bajaj passed away)
Industrialist Rahul Bajaj, Former Chairman Of Bajaj Group, Dies At 83 – I am devastated – he was a dear dear friend and will miss him dearly. The country has lost a great son & nation builder. Om Shanthi 🙏 https://t.co/s8kpQ3dUia
— Kiran Mazumdar-Shaw (@kiranshaw) February 12, 2022
rahul bajaj son
– 3 including Rajiv Bajaj
rahul bajaj Wife
– Rupa Bajaj