Rahul Bajaj

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Rahul Bajaj
Rahulbajaj.jpg
Born (1938-06-10) 10 June 1938 (age 83)
Calcutta, Bengal Presidency, British India
(now Kolkata, West Bengal, India)
Alma mater
OccupationChairman emeritus, Bajaj Group
Political partyIndian National Congress
Spouse(s)Rupa Bajaj (1961–2013)
Children3, including Rajiv Bajaj
Parent(s)
RelativesJamnalal Bajaj (grandfather)
Tarang Jain (nephew)
Anurang Jain (nephew)
AwardsPadma Bhushan

Rahul Bajaj (born 10 June 1938) is an Indian billionaire businessman.[2] He is the chairman emeritus[1] of the Indian conglomerate Bajaj Group and a member of parliament. Bajaj comes from the business house started by Jamnalal Bajaj. He was awarded the third-highest civilian award Padma Bhushan in 2001.[3] In a recent interview for the Creating Emerging Markets project at the Harvard Business School, Bajaj provides a devastating critique of Indian industrial policies before the liberalisation in the 1990s.[4] 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.[5]

Early life[]

He was born on 10 June 1938 in a Agrawal family and is the grandson of Indian independence fighter, Jamnalal Bajaj.[6][7] Bajaj is an alumnus of Harvard Business School in the US, St. Stephen's College, Delhi, Government Law College, Mumbai and Cathedral and John Connon School.[8][9]

Career[]

Bajaj speaking at the 2016 Horasis Global Meeting.

He took over the Bajaj Group in 1965.[10] In 2005, Rahul Bajaj stepped down from his role and his son Rajiv became the Group's managing director.[11] Bajaj got elected to the Rajya Sabha, India's Upper House of Parliament in the 2006-2010 period.[12] On the Forbes 2016 list of the world's billionaires, he was ranked No. 722 with a net worth of US$2.4 billion.[1]

Rahul Bajaj was elected as the president of the Confederation of Indian Industry (CII) twice in 1979-80 and 1999-2000. [13] 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. [14]

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.[1]

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.[15][16]

References[]

  1. ^ a b c d "Forbes profile: Rahul Bajaj". Forbes. Retrieved 1 July 2021.
  2. ^ "Who Is Rahul Bajaj". Business Standard. Retrieved 6 July 2020.
  3. ^ "Rahul Bajaj conferred Padma Bhushan". Business Line. 22 March 2001. Archived from the original on 6 July 2013. Retrieved 25 December 2012.
  4. ^ "Interview with Rahul Bajaj". Creating Emerging Markets. Harvard Business School.
  5. ^ Master, Ammar; Staney, Nesil (26 May 2008). "Restructuring over, two Bajaj companies to be listed today". Livemint. Retrieved 2 April 2020.
  6. ^ "Rahul Bajaj Story - Bio, Facts, Home, Family, Net Worth - Famous Chairmans- SuccessStory". successstory.com. Retrieved 5 July 2018.
  7. ^ Taknet, D. K. (2016). The Marwari Heritage. IntegralDMS. p. 254. ISBN 9781942322061. Retrieved 12 November 2019.
  8. ^ "Alumni Achievement Awards – Rahul Bajaj, MBA 1964". Archived from the original on 13 November 2012. Retrieved 25 December 2012.
  9. ^ Khan, Iram (10 June 2018). "Birthday Special : The motivational businessman, Rahul Bajaj". News Track. Retrieved 7 February 2021.
  10. ^ Natay, Lola (24 March 2017). "Rahul Bajaj, Bajaj Group". Outlook India. Retrieved 6 July 2018.
  11. ^ "Learning from emerging markets: An interview with Bajaj Auto's Rajiv Bajaj". McKinsey & Company. Retrieved 6 July 2018.
  12. ^ PTI (13 March 2019). "Rahul Bajaj resigns as Bajaj Finserv Chairman". The Economic Times. Retrieved 7 February 2021.
  13. ^ "CII Past Presidents". Retrieved 23 October 2020.
  14. ^ "Rahul Bajaj bagged CII President's Award for Lifetime Achievement". United News of India. Retrieved 23 October 2020.
  15. ^ "Billion Dollar Dealer". Business Today. Archived from the original on 13 October 2008. Retrieved 7 February 2021.
  16. ^ "LUNCH WITH BS: Manish Kejriwal". Business-standard.com. 11 November 2008. Archived from the original on 10 October 2012. Retrieved 28 January 2011.

External links[]

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