Rahul Bajaj

Rahul Bajaj (born 10 June 1938) is an Indian billionaire businessman.[2] He is the chairman 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 are now managing the day to day affairs of the company.[5]

Rahul Bajaj
Born (1938-06-10) 10 June 1938
Calcutta, Bengal Presidency, India
Alma materSt. Stephen's College (BA)
Government Law College (LLB)
Harvard University (MBA)
OccupationChairman of Bajaj Group
Net worthUS$5.6 billion (January 2021)[1]
Political partyIndian National Congress
Spouse(s)widowed
Children3, including Rajiv Bajaj
RelativesJamnalal Bajaj (grandfather)
Tarang Jain (nephew)
Anurang Jain (nephew)
AwardsPadma Bhushan (2001)

Early life

He was born on 10 June 1938 in a Marwari 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 as chairman, 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.[13]

Rahul Bajaj was elected as the president of the Confederation of Indian Industry (CII) twice in 1979-80 and 1999-2000. [14] 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. [15]

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.[16][17]

References
  1. "Forbes profile: Rahul Bajaj". Forbes. Retrieved 14 January 2021.
  2. "WHO IS RAHUL BAJAJ". Business Standard India. Retrieved 6 July 2020.
  3. "Archived copy". Archived from the original on 6 July 2013. Retrieved 25 December 2012.CS1 maint: archived copy as title (link)
  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. "Birthday Special : The motivational businessman, Rahul Bajaj". Retrieved 6 July 2018.
  10. "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. "Rahul Bajaj resigns as Bajaj Finserv Chairman". The Economic Times. 13 March 2019.
  13. "The World's Billionaires (2016 ranking): #722 Rahul Bajaj". Forbes. 1 March 2016. Retrieved 3 January 2017.
  14. "CII Past Presidents". Retrieved 23 October 2020.
  15. "Rahul Bajaj bagged CII President's Award for Lifetime Achievement". United News of India. Retrieved 23 October 2020.
  16. Archived 13 October 2008 at the Wayback Machine
  17. "LUNCH WITH BS: Manish Kejriwal". Business-standard.com. 11 November 2008. Archived from the original on 10 October 2012. Retrieved 28 January 2011.
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