Rahul Bajaj
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Rahul Bajaj is the Chairman and Managing Director of the Bajaj Group, an Indian multinational conglomerate company. He took over the company in 1965 and established it as one of India's leading companies through expanding factories and investing in research and development. Under his leadership, Bajaj Auto became India's top scooter manufacturer and launched new motorcycles like the Chetak and Pulsar that were successful. He has received many honors and awards for his contributions, including being named Businessman of the Year. The Bajaj Group now consists of over 25 companies across various industries.
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Rahul Bajaj
- 1. Rahul BajajThe Chairman and Managing Director of the Bajaj group (since 1965),
- 2. INTRODuCTION Born: June 10, 1938 Bengal Presidency, British India Residence: Pune, Maharashtra, India Nationality: Indian Occupation: Industrialist & Politician Net worth: $1.8 billion (2012)
- 3. Mother: Savitri Bajaj. Spouse: Ruparani Bajaj Children's: Rajiv Bajaj, Sanjiv Bajaj and Sunaina Kejriwal FaMIlY BaCKGROuND JAMNALAL BAJAJ KAMLNAYAN BAJAJ Grandfather : Jamnalal Bajaj. The founding father of the Bajaj Group. Father: Kamalnayan Bajaj. Elder son of Jamnalal Bajaj, followed footsteps of his illustrious father and consolidated the bajaj foundation.
- 4. Education Background Rahul completed his schooling at Cathedral and John Cannon School. In Delhi's St. Stephen College graduated in Economics. In Bajaj Electricals he worked for two years while studying law at the same time. Government Law College, Mumbai. In 1962 went to Harvard university to study Business Management. He finished his MBA in 1964.
- 5. HOW HE BROUGHT UP THE COMPANY ¤He took over control of the Bajaj Group in 1965 and successfully established one of India's best companies. ¤ He established factories at Akurdi and Waluj. ¤ In 1980s Bajaj Auto was India's topmost scooter making company. ¤After ten years of Bajaj Auto's success Chetak was launched. He established another factory in Chakan. ¤invested in R&D and came up with Bajaj Pulsar Motorcycle. Bajaj Pulsar is presently a leader in its sector.
- 6. Qualities for his success. •Concentration of Core Competency. •Treats Customer as a King. •Staunch believer in himself. •Never give up attitude. •Jach Welch’s theory. •Attitude towards workers. •Straightforwardness. •Listen effectively. •Cross functionality. •Smart work combined with hard work.
- 7. Awards and Honors In 1975, he received the "Man of the Year" award from National Institute of Quality Assurance. Rahul Bajaj was appointed as Chairman of Indian Airlines in 1984. Business India honored him as “Businessman of the year 1985”. Bombay Management Association rewarded him for his service in the field of Management, in 1990. French President, presented the honor of “Knight in the Order of the Legion of Honor” Rahul Bajaj Chairman, of Bajaj Auto Limited was conferred the Alumni Achievement Award by the Harvard Business School. For his contribution to Indian industry, he was awarded Padma Bhushan, in 2001. He was listed twentieth on the Forbes "India's richest 40" list of people with a net worth of US$1.1 Billion "lifetime achievement" awards in November 2004. Rani Durgavati University conferred the degree of Doctor of Letters (Honoris Causa) in March 2005.
- 8. BAJAJ COMPANIES 1. Bajaj Electricals Ltd. 2. Bajaj Auto Ltd. 3. Mukand Ltd. 4.Bajaj Hindustan Ltd. 5. Maharashtra Scooters Ltd. 6. Bajaj Auto Finance Ltd. 7. Hercules Hoists Ltd. 8. Bajaj Sevashram Pvt Ltd. 9. Hind Lamps Ltd. Jeevan Ltd. 10. Bajaj Ventures Ltd. 11.The Hindustan Housing Co Ltd. 12. Bajaj International Pvt Ltd. 13. Baroda Industries Pvt Ltd. 14. Hind Musafir Agency Pvt Ltd. 15. Bajaj Allianz General Insurance Company Ltd. 16. Bajaj Allianz Life Insurance Company Ltd. 17. Mukand International Ltd. 18. Mukand Global Finance Ltd. 19. Mukand Engineers Ltd. 20. Bombay Forgings Ltd. 21. Bachhraj & Company Pvt. Ltd. 22. Jamnalal Sons Pvt. Ltd. 23. Bajaj Consumer Care Ltd. 24. Bajaj Auto Holdings Ltd. 25. Bachhraj Factories Pvt. Ltd. 26. Jeevan Ltd. 27.Stainless India Ltd.
- 9. •Continuously launching bikeswith new technologieslike‘Digital Twin Spark - Swirl induction’ (DTS-Si) engine. New Bajaj Pulsur 300cc NEW LaUNCHING
- 10. FUTURE GOALS… Along with Renault they are ready to launch there new concept car ‘Bajaj lite’.
- 11. THANK YOU
Editor's Notes
- Jamnalal Bajaj was the founding father of the Bajaj Group. The adopted ‘fifth’ son of Mahatma Gandhi, and the 'merchant prince' who held the wealth he created in trust for the people of his country Kamalnayan Bajaj, elder son of Jamnalal Bajaj, followed footsteps of his illustrious father and consolidated the bajaj foundation. With characteristic foresight and pragmatic vision, he launched a steady diversification programmer which gave the current name "Bajaj" both its shape and size.
- The slump in the sale of scooters and the downfall of the stock market of 2001 hit the company hard. It was forecast by some business analysts that Bajaj industries would have to shut down soon. But without losing hope Rahul Bajaj with his business expertise re-established the battered company.
- •Concentration of Core Competency: Rahul Bajaj collaborated with Kawasaki for production of motorcycle but for scooter he did not go for any collaboration. Manufacturing scooters is his core competency and he does not want to experiment with that.•Customer is King: Bajaj has often been accused of exploiting the customers with delivery period of 10 years, black marketing, etc. but this is not true at the face value. A deeper insight brings to picture that there were other elements who are responsible for these accuses. Bajaj, in spite of a heavy demand, did not raise the price of his scooters and avoided exploitation of customers.•Staunch believer in himself: Bajaj listens to each and everyone, but takes decision on his own. His organisation is a little centralized. In spite of strong oppositions, he sticks to his decisions. •Never give up attitude: ‘Licence Raj’ was a nightmare for Bajaj. He does not believe in bringing Government officials and getting his license cleared. This is a major reason why Bajaj Auto came under MRTP and was allowed to expand its production capacity. But he did not give up to the Government conditions and after some years, done lobbying through business housed and putting tremendous pressure on Government learn his license.•Jach Welch’s theory: Rahul Bajaj holds same views of Mr. Jack Welch, the former CEO of GE. He believes that if one is no No 1 or No 2, he should get out from that business. This principle kept him away from the four-wheeler market.•Attitude towards workers: Bajaj has less kind of words for workers. Still, there has been only one strike in the history of 35 years of the company. He takes care of the needs of the workers and at the same time, he views workers as a tool for production. In his word’ “Why do they strike and lose wages? They should work more, earn more”•BBC: Rahul Bajaj is well known for his unflinching frankness and varied opinion on every topic under the sun. His office is therefore popularly known as BBC (Bajaj Broadcasting Corporation)•Straightforwardness: His quotes about the Governnment have found place in the headlines of many leading newspapers and magazines in India and have also raised controversies. But this does not stop him from doing what he considers correct.All the above features are the hallmark of Bajaj.
- Awards and Honors Rahul Bajaj received numerous awards for his great contribution to the Auto industry. Few among them are mentioned here: In 1975, he received the "Man of the Year" award from National Institute of Quality Assurance. Rahul Bajaj was appointed as Chairman of Indian Airlines in 1984. This was the first instance that someone from the private sector was given such responsibility. Business India honored him as “Businessman of the year 1985”. In 1988, Pune Municipal Corporation recognized him for his achievements. Bombay Management Association rewarded him for his service in the field of Management, in 1990. On behalf of the French President Nicolas Sarkozy, the French Ambassador Mr.Jerome Bonnafont presented the honor of “Knight in the Order of the Legion of Honor” to the CEO of Bajaj Auto, Rahul Bajaj. The French have numerous divisions in the Order and the title awarded to Rahul Bajaj is of the highest distinction. The industrialist was given this honor in gratitude of his noteworthy career as a businessman, and for his successful management of Bajaj Auto. Rahul Bajaj Chairman, of Bajaj Auto Limited was conferred the Alumni Achievement Award by the Harvard Business School (HBS) from where he did his MBA in 1964, The award was given at a function, which took place at the HBS campus on 30th September 2005. Rahul Bajaj is the only Indian HBS MBA to receive this award so far. For his contribution to Indian industry, he was awarded the nation's third-highest civilian honor, the Padma Bhushan, in 2001. He was listed twentieth on the Forbes "India's richest 40" list of people with a net worth of US$1.1 Billion Economic Times and Ernst & Young bestowed their "lifetime achievement" awards on him in November 2004. Rani Durgavati University conferred the degree of Doctor of Letters (Honoris Causa) in March 2005.
- Renault S.A. is a French automaker producing cars, vans, buses, tractors, and trucks, and, in the past, autorail vehicles.