Rahul Bajaj was well known for being the chairman of Bajaj Auto and passed away at the age of 83 on the 12th of February 2022, know his net worth, biography
Popular industrialist and Bajaj Group’s chairman Rahul Bajaj passed away because of heart problems and pneumonia. The entire Bajaj group is in grief after the demise of the veteran industrialist.
Rahul Bajaj Age, Family, Wife, Son, Biography, Education, Net Worth
Rahul Bajaj was born on 30 June 1938 to Kamalnayan Bajaj and hailed from Kolkata. Bajaj’s grandfather’s name was Jamnalal Bajaj and he established the Bajaj Group in 1926. Later on, Rahul’s father, Mr. Kamalnayan Bajaj succeeded it in 1942. Rahul was married to Rupa Bajaj and they had 2 sons and 1 daughter together. Their daughter Sunaina is married to Manish Kejriwal.
His sons Rajiv and Sanjiv Bajaj are involved in the functioning of Bajaj now.
Mr. Kamalnayan Bajaj began Bajaj Auto and within three years he expanded it into new businesses, such as cement, electrical appliances, and scooters also.
Rahul Bajaj studied at St Stephen’s College based in Delhi and also got a degree in law from the University of Bombay. Then Rahul pursued MBA from the Harvard Business School in the United States and in the year 1989 became the Chief Executive Officer of Bajaj Auto.
Rahul Bajaj Death Reason And Latest News
He passed away on February 12 after he had pneumonia and also a heart problem for which he was admitted to the Ruby Hall Clinic a month back and breathed his last at 2:30 pm on Saturday.
Rahul Bajaj Professional Career And Achievements
Rahul Bajaj became a part of his father’s group as being the Deputy General Manager in his company. Rahul Bajaj was in charge of key departments in his company like handling the marketing, accounts, purchase, and audit. Under the guidance of Naval K Firodia who was the CEO of Bajaj Auto Rahul Bajaj learned the basics and strategies of the business.
Later on, Firodia and the Bajaj parted their ways. After his grandfather Jamnalal Bajaj passed away in the year 1972, Rahul was appointed as the Managing Director of Bajaj Auto. Under the leadership of Rahul, the company witnessed tremendous growth and sale. Rahul grew the company’s revenues to join the Billion-dollar club and it was truly through his dedication.
Truly based on the Italian Vespa Sprint, Bajaj introduced Chetak which was an affordable means of transport for millions of Indians in past decades and is remembered by the name ‘Hamara Bajaj’. Later on, Rahul split Bajaj Auto into three subcategories as Bajaj Auto, finance company Bajaj Finserv in the year 2008. His sons are now managing the day-to-day affairs of the company for years.
Rahul Bajaj’s Net Worth
Rahul Bajaj had a 10% stake in Bajaj Auto, 10% in the Bajaj Finserv, and 24% in the Bajaj Holdings and Investments. Rahul also owned 2% of the stake in Bajaj Finance and 14% in Bajaj home appliances.
Rahul Bajaj had a net worth that is estimated to be more than 4.4 billion dollars according to Forbes India’s 100 Richest People of the year 2021 list. Bajaj family is considered the 11th richest Indian family.