IIPM

ENTERPRENEURSHIP ASSIGNMENT

RAHUL KUMAR BAJAJ

PREPARED BY:

SUBMITTED TO:

SANEL K. NAIR PGP/SS/09-11/IIPM-I

PROF. NAREILWALA

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 licencepermit 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 reinvented 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.

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