Rahul Bajaj

$850 million
Pune
66 . Married . 3 Children .
Source: Forbes
Associated Companies: Bajaj Group

Rahul Bajaj is India 's most outspoken industrialist. As chairman of the Bombay club Bajaj
was among the few to have vehemently opposed India 's liberalization programme in the
early 1990's. It is ironic that today Bajaj plans to have establishments in countries as far and
diverse as Brazil , Indonesi and Nigeria .. A confidante of Mahatma Gandhi, Rahul Bajaj's
grandfather founded the scooter company. Recently tensions with estranged brother
Shishir hogged the limelight and threatened to divide his fortune

Bajaj believes in giving people a lot of independence. He prefers them to learn while on the
job. Brash and assertive, Bajaj thinks that he created one of India 's best companies in the
difficult days of the license-permit raj.Although many would disagree and think that
creating companies during the license raj was far easier for established business groups then
for the non-established ones. In 1980 Bajaj Auto was top scooter producer  and its Chetak
brand had a 10-year waiting list. During the 1970's foreign collaborations and licenses were
difficult to obtain. However, in the 1980s capacity licensing and foreign collaboration for
two-wheelers was liberalized. All the world's top players (Honda, Suzuki, Yamaha, Piaggio,
Garelli, Peugot) entered through collaborations or joint ventures. But this did not deter Bajaj
Auto as it met the challenge and maintained its dominating position.. While Hero Honda
captured the motor-cycle market Bajaj hung on to its scooter business. Post the liberalization
and the change in the demographic profile the younger Indian began to prefer motor-cycles to
scooter. Bajaj finally woke up but by then Hero Honda was already ahead in the two-wheeler
race.

Talking of people Bajaj feels I feel an MBA should have four essential qualities to succeed in
the new millennium

a. Listen effectively

b. Think like an entrepreneur

c. Cross functionality.

d. Smart work combined with hard work

Bajaj feels that the world has become a seamless place to live in and that liberalization of the
economy during the 1991-93 period was handled exceptionally well. The biggest problem
with the country is its apathy to creating wealth. Rahul Bajaj feels that the bloated
structures and the unproductive systems need to be dismantled. The need of the hour
is efficient mechanism with free and fair competition.

This year Rahul Bajaj  become a Member of Parliament through the Rajya Sabha. It is now
for time to decide whether as M.P Bajaj actually does what he always wanted to do. His
company how-ever is being handled very well in the safe hands of his son Rajeev.

HISTORY

http://www.scribd.com/doc/29541344/Entrepreneur-rhul-kumar-bajaj-ppt

** http://www.authorstream.com/Presentation/chowdarip-230019-social-entrepreneurshp-entertainment-ppt-
powerpoint/

*** http://www.slideworld.com/slideshow.aspx/BAJAJ-pesentation-ppt-2766301

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.