Bajaj has two sons Rajiv Bajaj and Sanjeev Bajaj and a daughter Sunaina Kejriwal.
Highlight
- Eminent industrialist and former chairman of Bajaj Group, Rahul Bajaj passed away at the age of 83.
- His last rites will be performed on Sunday, an official said.
- Bajaj was the recipient of several awards, including the Padma Bhushan, honorary doctorates from several colleges.
Eminent industrialist and former chairman of Bajaj Group, Rahul Bajaj, died due to illness at his home in Pune on Saturday, according to a group official.
Bajaj (83), who stepped down from his position as non-executive director and chairman of Bajaj Auto on April 30 last year and continues as chairman emeritus, was not keeping well for some time and died at around 2:30 pm. has expired. Saturday.
His last rites will be performed on Sunday, the official said.
Bajaj has two sons Rajiv Bajaj and Sanjeev Bajaj and a daughter Sunaina Kejriwal.
Born on June 10, 1938, he led the Bajaj Group of companies, with a presence in sectors such as automobiles, general and life insurance, investment and consumer finance, home appliances, electric lamps, wind power, special alloys and stainless steel, materials management. is in. Equipment and travel.
After taking over the business of Bajaj Group in 1965, Rahul Bajaj led it on a growth trajectory. He operated a diversified entity during India’s transition from a closed economy to a liberalized economy, and helped the company establish its products with the Bajaj brand’s foothold in global markets, staving off emerging competition from Japanese motorcycle makers challenging Bajaj Auto’s scooters. Inspired to expand portfolio.
Read also | Former Bajaj Group Chairman Rahul Bajaj passes away at the age of 83
Under his leadership, the business of flagship firm Bajaj Auto grew from just Rs 7.2 crore to Rs 12,000 crore, with the firm’s scooters becoming the mainstay.
The company’s Bajaj Chetak scooter became an aspirational symbol for middle class Indian households at that time, with the melody of ‘Hamara Bajaj’ becoming synonymous with their hopes for a better future.
In 2005, he started handing over the reins of the company to son Rajiv Bajaj, who became the managing director of Bajaj Auto and propelled the company to become a truly global automobile player.
One of India’s most successful business leaders, Bajaj was elected to the Rajya Sabha in June 2006 and remained a member until 2010. Known for his outspokenness at an event organized by the Economic Times in Mumbai in November 2019, where Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, and Commerce Minister Piyush Goyal were in attendance, the veteran industrialist called the government ‘suppressing criticism’. Told about other things.
“This atmosphere of fear, it’s definitely in our mind. You (government) are doing a good job, and despite that, we don’t believe you will appreciate criticism,” he had said.
Bajaj was the recipient of several awards, including the Padma Bhushan and honorary doctorates from several universities. He also held several other positions including the Chairman of Indian Airlines and Chairman of the Board of Governors of the Indian Institute of Technology, Bombay.
He was also a former President of the International Business Council, the World Economic Forum, and a former member of the South Asia Advisory Board of Harvard Business School. In addition, he was a former member of the International Advisory Council of the Brookings Institution in Washington, DC.
The industrialist also led the CSR activities of Bajaj Group of companies and charitable trusts including Jamnalal Bajaj Foundation. He holds a BA (Hons) in Economics from the University of Delhi, a law degree from the University of Mumbai and an MBA from Harvard Business School.
Read also | Rahul Bajaj passes away: Leaders mourn the death of industrialist
,