Biography Of Rahul Bajaj – Free PDF Download

EARLY LIFE

• Rahul Bajaj is the chairman of Bajaj Auto. He was born on June 30, 1938 in Kolkata. Rahul’s grandfather Jamnalal Bajaj founded the Bajaj Group in 1926 and his father Kamalnayan Bajaj succeeded him un 1942. Kamalnayan started the precursor to Bajaj Auto. Within three years he expanded into new businesses, including cement, electrical appliances and scooters.
• Rahul Bajaj graduated from St Stephen’s College in Delhi in 1958 and also earned a degree in law from Bombay University. Then he went on to pursue MBA from Harvard Business School in the US and became CEO of Bajaj Auto in 1968.

HAMARA BAJAJ

• Rahul Bajaj built the firm in the 1970s and ’80s. 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.
• 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’.

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• 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.
• 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).

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• In 2005, Rahul Bajaj stepped down from his role as chairman, his son Rajiv became the Group’s managing director.
• Bajaj got elected to the Upper House of Parliament in the 2006-2010 period

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• 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 has always been regarded as plain-spoken and his friends call him ‘fearless’.
• Under Indira Gandhi, the government regulated production under a system called the License Raj. Owing to the restrictions, buyers had to book and wait for years to receive scooter. However, Rahul protested against the License Raj.
• 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.

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• “When UPA II was in power, we could criticise anyone, now an atmosphere of fear exists,” Rahul Bajaj said.
• He mentioned the NDA government’s lack of action against mob lynchings and BJP MP Pragya Thakur’s recent remarks on Nathuram Godse to a room of India Inc veterans and top political leaders. The veteran industrialist’s candid remarks were well received by the critics of the incumbent government.

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• 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% inhome appliance.
• 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.

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