IIPM

ENTERPRENEURSHIP ASSIGNMENT

RAHUL KUMAR BAJAJ

PREPARED BY: SUBMITTED TO:

SANEL K. NAIR PROF. NAREILWALA

PGP/SS/09-11/IIPM-I

HISTORY

Rahul Kumar Bajaj was born on July 10, 1938, in Kolkata.

He has done his education from Harvard Business School,

USA, St. Stephen's College, Delhi, Government Law College,

Mumbai, Cathedral and John Connon School.  Rahul Bajaj is a

prominent Indian businessman. He comes from the business

house started by a Rajasthani businessman Jamnalal Bajaj. The

US$ 1.32 Billion Bajaj Auto is his flagship company. He was

awarded the Padma Bhushan in 2001. His net worth is

estimated to be at US$ 1.1 Billion. He was listed twentieth on

the Forbes India's Richest 40 list of people.

He has one brother, Shishir Bajaj, with whom there was a

recent business settlement. He has 3 cousins, Shekhar,

Madhur and Niraj together with whom he controls the Bajaj

Group of companies. Also, he has two sons Rajiv & Sanjiv and

a daughter, Sunaina Kejriwal.

Rahul Bajaj is an alumnus of Harvard, St. Stephen's and

Cathedral. He took over the reins of Bajaj Group in 1965.

Under his stewardship, the turnover of the Bajaj Auto the

flagship company has risen from Rs.72 million to Rs.46.16

billion. Rahul Bajaj created one of India's best companies in

the difficult days of the licence-permit raj. He established

factories at Akurdi and Waluj. In 1980s Bajaj Auto was top

scooter producer in India and its Chetak brand had a 10-year

waiting period.

PERSONAL LIFE

His sons Rajiv Bajaj and Sanjiv Bajaj are involved in the

management of his companies. His daughter Sunaina Kejriwal

is married to Manish Kejriwal who heads Temasek India.Last

year, he did business settlement with his brother Shishir Bajaj.

His 3 cousins, Shekhar, Madhur and Niraj assist him in

controlling the Bajaj Group of companies.

Rahul Bajaj is the Chairman of the Bajaj Group, which ranks

among the top 10 business houses in India. The Bajaj Group

has diversified interests ranging from automobiles, home

appliances, lighting, iron and steel, insurance, travel and

finance. Rahul Bajaj is one of India's most distinguished

business leaders and internationally respected for his business

acumen and entrepreneurial spirit.

Rahul Bajaj is an alumnus of Harvard, St. Stephen's and

Cathedral. He took over the reins of Bajaj Group in 1965.

Under his stewardship, the turnover of the Bajaj Auto the

flagship company has risen from Rs.72 million to Rs.46.16

billion. Rahul Bajaj created one of India's best companies in

the difficult days of the licence-permit raj. He established

factories at Akurdi and Waluj. In 1980s Bajaj Auto was top

scooter producer in India and its Chetak brand had a 10-year

waiting period. 

The initiation of liberalization in India posed great challenges

for Bajaj Auto. Liberalisation brought the threat of cheap

imports and FDI from top companies like Honda. Rahul Bajaj

became famous as the head of the Bombay Club, which

opposed liberalization. The scooter sails plummeted as people

were more interested in motorcycles and the rival Hero Honda

was a pioneer in it. 

The recession and stock market collapse of 2001 hit the

company hard and it was predicted that the days of Bajaj Auto

were numbered. However, Bajaj Auto re-invented itself,

established a world-class factory in Chakan, invested in R&D

and came up with Bajaj Pulsar Motorcycle. Bajaj Pulsar is

currently a leader in its segment.

Recently, Rahul Bajaj was elected to Rajya Sabha from

Maharashtra.

EXECUTIVE PROFILE

Rahul Bajaj serves as an Executive Chairman and Head of

Bajaj Group of Companies of Bajaj Auto Ltd. Mr. Bajaj served

as Chief Executive Officer of Bajaj Auto Ltd. since 1968. He

served as Managing Director of Bajaj Holdings & Investment

Limited until March 31, 2005. He served as Deputy General

Manager of Bajaj Tempo Limited. Mr. Bajaj serves as

Chairman of the Board of Bajaj Finserv Ltd., Bajaj Allianz Life

Insurance Company Ltd., and Bajaj Allianz General

Insurance ... Co. Ltd. He has been Chairman of Bajaj Auto

Finance Ltd since July 26, 1972. He has been Non-Executive

Chairman of Bajaj Holdings & Investment Limited since

February 20, 2008. Mr. Bajaj served as Non-executive

Chairman of Maharashtra Scooters Ltd., until October 18,

2006. He served as Chairman and Director of Mukand Ltd.

until July 2007 and serves as its Director. He serves as a

Member of Executive Board at Indian School of Business. He

served as a Member of Governing Board of Indian School of

Business. He served as Executive Director of Bajaj Holdings &

Investment Limited until February 2008. Mr. Bajaj served as

Non-executive Director of Maharashtra Scooters Ltd., until

October 18, 2006. He serves as a Member of International

Advisory Committee of NYSE Euronext, Inc. (Formerly New

York Stock Exchange, Inc.). Mr. Bajaj served as the President

of Confederation of Indian Industry (CII - 1979-80/1999-2000).

Rahul Bajaj is a prominent Indian businessman and

chairman of the Bajaj Group, which ranks among the top 10

business houses in India. The Bajaj Group has diversified

interests ranging from automobiles, home appliances, lighting,

iron and steel, insurance, travel and finance. Rahul Bajaj is one

of India’s most distinguished business leaders and

internationally respected for his business acumen and

entrepreneurial spirit. He comes from the business house

started by Jamnalal Bajaj. Bajaj Auto is his flagship company.

He was awarded the Padma Bhushan in 2001. He was listed

twentieth on the Forbes India’s Richest 40 list of people.

Rahul Bajaj is an alumnus of Harvard, St. Stephen’s and

Cathedral. He took over the reins of Bajaj Group in 1965.

Under his stewardship, the turnover of the Bajaj Auto the

flagship company has risen from Rs.72 million to Rs.46.16

billion. Rahul Bajaj created one of India’s best companies in

the difficult days of the licence-permit raj. He established

factories at Akurdi and Waluj. In 1980s Bajaj Auto was top

scooter producer in India and its Chetak brand had a 10-year

waiting period.

The initiation of liberalization in India posed great

challenges for Bajaj Auto. Liberalisation brought the threat of

cheap imports and FDI from top companies like Honda. Rahul

Bajaj became famous as the head of the Bombay Club, which

opposed liberalization. The scooter sails plummeted as people

were more interested in motorcycles and the rival Hero Honda

was a pioneer in it.

The recession and stock market collapse of 2001 hit the

company hard and it was predicted that the days of Bajaj Auto

were numbered. However, Bajaj Auto re-invented itself,

established a world-class factory in Chakan, invested in R&D

and came up with Bajaj Pulsar Motorcycle. Bajaj Pulsar is

currently a leader in its segment.