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Rahul Bajaj Memories: In pre-liberalisation India, the tune ‘Hamara Bajaj’ was as soon as a logo of the ambition of middle-class Indian households and echoed their aspirations for a greater future. This was the tune of Bajaj Auto and behind it was Rahul Bajaj, a fearless industrialist of very excessive stature. Clear and albeit talking, Rahul Bajaj confirmed his mettle by establishing a model of two wheelers and three wheelers throughout the allow raj.
Rahul Bajaj died on Saturday
Rahul Bajaj, former chairman of Bajaj Group, handed away on Saturday at his residence in Pune. He was 83 years previous. He resigned from the submit of non-executive director and chairman at Bajaj Auto on April 30 final yr, although he continued as chairman emeritus.
Rahul Bajaj was not one to be afraid
Bajaj, who spoke with out hesitation, was totally different from different industrialists versed in diplomacy, frankness was his specialty, even when it led to battle with the federal government, even when it resulted in a face-off along with his personal son. In November 2019, he had posed stinging questions on a gaggle of ministers, together with Home Minister Amit Shah.
Personal lifetime of Rahul Bajaj
Rahul Bajaj was born on 10 June 1938 in Calcutta. His grandfather Jamnalal Bajaj based the Bajaj Group in 1926. Bajaj did his commencement from Stephen College in Delhi and MBA from Harvard Business School in America. He began working in his father Kamalnayan Bajaj’s workforce as Deputy General Manager and have become the Chief Executive Officer in 1968 on the age of 30.
Bajaj Auto reaches Rs 12,000 crore
He propelled it on a progress trajectory by main the Bajaj Group with companies in sectors reminiscent of Automobiles, General Insurance and Life Insurance, Investment and Consumer Finance, Home Appliances, Electric Lamps, Wind Energy, Stainless Steel. Under his management, Bajaj Auto’s enterprise grew from Rs 7.2 crore to Rs 12,000 crore. In 2008, he break up Bajaj Auto into three models – Bajaj Auto, Bajaj Finserv and a holding firm. His sons Rajiv Bajaj and Sanjeev Bajaj are dealing with auto and finance firms.
Responsibility assigned to son in 2005
In 2005, he progressively began handing over the accountability of the corporate to his son Rajiv Bajaj. Rajiv turned the Managing Director of Bajaj Auto and made the corporate globally aggressive.
Bajaj made a house-to-house associate
The firm’s Bajaj Chetak scooter turned a logo of the aspiration of center class Indian households. However, Rahul Bajaj didn’t disguise his disappointment when Rajiv switched from scooters to bike manufacturing in 2009 and switched to Bajaj Auto. He stated publicly, “I felt bad, hurt.”
honored with many awards
Bajaj was nominated to the Rajya Sabha in June 2006 and remained a member until 2010. He was awarded the Padma Bhushan and given honorary doctorates from a number of universities. He held many vital positions together with the chairman of Indian Airlines, chairman of the board of administrators of IIT-Bombay. Till date, he’s the one one that has been president of the trade chamber CII twice, first from 1979-80 after which from 1999 to 2000, Rahul Bajaj held this place.
spoke overtly on the criticism of the federal government
In November 2019 in Mumbai, he spoke overtly concerning the authorities’s suppression of criticism at an occasion through which Home Minister Amit Shah, Finance Minister Nirmala Sitharaman and Commerce Minister Piyush Goyal have been current. He had stated, “There is an environment of concern, it’s positively on our thoughts. Despite you (authorities) doing an excellent job, we’re not positive that you’ll settle for criticism.
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