Rahul Bajaj, Former Chairman of Bajaj Auto, Passes Away at 83

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Rahul Bajaj, former chairman of Bajaj Auto, handed away at 83 on Saturday, February 12. Bajaj, veteran industrialist, was on the helm of nation’s one of the vital well-liked two-wheeler corporations, for practically 5 a long time. Bajaj stepped down from the position of chairman of Bajaj Auto in April 2021, owing to his age.

“It’s with deep sorrow that I inform you in regards to the passing away of Shri Rahul Bajaj, husband of the late Rupa Bajaj and father of Rajiv/Deepa, Sanjiv/Shefali and Sunaina/Manish. He handed away on the afternoon of 12th February, 2022 within the presence of his closest relations,” Bajaj Group mentioned in an announcement. Bajaj had pneumonia and in addition a coronary heart downside. He was admitted to the hospital for final one month, mentioned Dr Purvez Grant, the managing trustee at Ruby Corridor Clinic.

He was one of many longest serving chairmen in company India.

Bajaj was born on June 30, 1938 in Kolkata. He graduated with an Honours Diploma in Economics from the distinguished St Stephen’s School, Delhi in 1958. He additionally had a level in Regulation from Bombay College and an MBA from Harvard Enterprise Faculty.

The Bajaj group of corporations was based by Rahul Bajaj’s grandfather Jamnalal Bajaj in 1926. In 1968, he took over as chief government officer of Bajaj Auto. In 1972, he was appointed as Managing Director of Bajaj Auto.

He was the primary power behind making Bajaj model a family title in India. The blockbuster fashions of Bajaj Chetak and Priya turned India’s favorite inside few years of launch. In 1990s, two-wheelers in India synonymous with Bajaj, thanks to 1 and solely Rahul Bajaj.

In 2001, Rahul Bajaj was awarded with Padma Bhushan  the third highest civilian honour within the nation. He served twice because the President of the Confederation of Indian Trade (CII), as soon as on the Society of Indian Car Producers (SIAM). Bajaj additionally because the chairman of the erstwhile Indian Airways.

In 2008, he divided Bajaj Auto into three models — Bajaj Auto, finance firm Bajaj Finserv and a holding firm.  Ending a 49-year stint as the top of the two-wheeler producer, he stepped down as chairman of Bajaj Auto in April, 2021. Nonetheless, he was appointed as agency’s chairman emeritus for 5 years.

Recognized for his fearless and outspoken nature, Rahul Bajaj has turn out to be the main voice of Indian auto business over the a long time. He has by no means shied away from making his place clear on the coverage regarding business and others.

Bajaj shall be cremated with full state honours on Sunday, mentioned Maharashtra chief minister Uddhav Thackeray. He’s survived by two sons, Rajiv Bajaj and Sanjiv Bajaj, and a daughter Sunaina Kejriwal. From political leaders to India Inc, all paid tribute to Bajaj on social media.

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