Rahul Bajaj is the CEO of Bajaj Motors. He was born on June 30, 1938, in Calcutta. His grandfather, Rahul Jamal Bajaj, founded the Bajaj Group in 1926, and his father, Kamal Nyan Bajaj, succeeded him in 1942. Kamalnayan began the start of the Bajaj Auto Race. In three years, it expanded to include new companies, including cement, appliances, and scooters.
Rahul Bajaj graduated from St. Stephen College in Delhi in 1958 and also earned a law degree from the University of Mumbai. He then completed an MBA from the Harvard Business School in the United States and became CEO of Bajaj Auto in 1968.
Rahul Bajaj's journey as an entrepreneur
Rahul Bajaj became part of his father's group as Deputy General Manager. He was responsible for the main departments of the company, such as marketing, accounts, purchases, and auditing. Under the guidance of Naval K Firodia, CEO of Bajaj Auto, Rahul learns the nuances of the business. Firodia and Bajajs then separated. After his father's death in 1972, Rahul was appointed managing director of Bajaj Auto. Under his leadership, the company experienced tremendous growth. Rahul Bajaj built the company in the seventies and eighties. The company's revenues to join the club grew one billion dollars. Through their initiative, the Chetak and Bajaj Supermodels rose in the Indian market. Originally based on the Italian Vespa Sprint, the Chetak website has been an affordable transport for millions of Indians for decades, and is cited as "Hamara Bajaj".
Bajaj sales Decreased is estimated to be at $4.4 billion in 2001 aftermarket liberalization saw Japanese competitors such as Honda, Yamaha, and Suzuki introduce new motorcycles and change the dynamics of the Indian market. However, he soon recovered from the loss with effective marketing and promotion. Bajaj Auto reinvented itself and arrived at Bajaj Pulsar Motorcycle.
In 2008, it divided Bajaj Auto into three units: Bajaj Auto, the financial company Bajaj Finserv and a holding company. His children now handle the daily affairs of the company.
Rahul Bajaj was President of the Indian Industry Association (IIC) and the Automobile Manufacturers Association of India (SIAM).
Awards and recognitions
He was appointed president of Air India in 1986 and obtained Padma Bhushan in 2001. In June 2006, Rahul Bajaj was elected to Rajya Sabha of Maharashtra. In 2005, he resigned as president, his son Rajiv became the managing director of the group. In 2013, the Bajaj family won the "Outstanding Family of the Year" award. They won the prize for dedicating their wealth and time to the common good.
The family runs schools like Balwadis and vocational and technical training institutes, which include the adoption of ITI. They train rural women in sewing and embroidery. They have established hospitals and rural development programs under the umbrella of Jankidevi Bajaj Gram Vikas Sanstha.
Rahul Bajaj's "brave" approach
He is known in corporate circles as the man who does not talk too much when it comes to any national interest or echoes the corporate problems of India.
On November 30, at the awards ceremony organized by the "Economic Times" in Mumbai, Rahul Bajaj said he "was born against the foundation."
Rahul Bajaj was always considered an easy speaker and his friends described him as "intrepid." In the 1970s, when Italy's Piaggio did not renew the Bajaj license, he began to make his own brand of scooters with names like Chetak and Super.
Under Indira Gandhi, the government organized production under a system called the Raj License. Due to restrictions, buyers were forced to book and wait years to receive the scooter. However, Rahul protested against Raj's license. In an interview, Rahul said that if he had to go to prison to produce merchandise that most Indians needed, he wouldn't mind.
On November 30, it sparked a heated debate on Twitter after saying there was an atmosphere of fear in the country and that people feared criticizing the government.
Rahul Bajaj said: "When UPA II was in power, we could criticize anyone, and now there is an atmosphere of fear." He mentioned the failure of the National Democratic Assembly government to act against the mafia and the recent statements made by a member of the Parliament of Bharatiya Janata Prajia Thakur regarding Naturam Godse to the Chamber of Veterans of the Indian Inc Company and senior political leaders rank. The frank notes of the veteran industry have met with critics of the current government.
Rahul Bajaj and the wealth of the Bajaj family
Rahul Bajaj has a 10% stake in Bajaj Auto, 10% in Bajaj Finserv and 24% of Bajaj Holdings & Investment. It also has a 2% stake in Bajaj Finance and 14% in appliances.
His net worth is estimated to be cording to Forbes India's 100$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.
Picture Source: DNA India
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