What happened – Rahul Bajaj is the director of the company since 1 April 1970. On 1 April 2015, he was again made a director on the board of the company for 5 years. His term ends on 31 March 2020. From 1 April 2020, Rahul Bajaj will be in the role of non-executive chairman of Bajaj Auto in the company.
Know about Rahul Bajaj- Rahul Bajaj was born on 10 June 1938 in a Marwari family in Bengal Presidency (West Bengal before independence). Rahul Bajaj is the grandson of Indian freedom fighter and social worker Jamnalal Bajaj. Since childhood, business used to run in the veins of Rahul Bajaj, who belonged to a business family.
After doing Economics from St. Stephen’s College, Delhi University, Rahul Bajaj trained for three years at Bajaj Electricals Company. During this time he also studied law from Bombay University. Rahul Bajaj took his MBA degree from Harvard Business School in America in the 60s.
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After completing his studies, in the year 1968, at the age of 30, when Rahul Bajaj took over as the CEO of ‘Bajaj Auto Limited’, it was said that he is the youngest Indian to achieve this position. When the company’s command came in the hands of Rahul Bajaj, there was a ‘license raj’ in the country i.e. such policies were implemented in the country according to which industrialists could not do anything without the consent of the government.
Bajaj Chetak Scooter
This was a difficult situation for the traders. Production limits were fixed. The industrialists could not fulfill the demand even if they wanted to. In that era, there were stories that if someone booked a scooter, the delivery was received after many years.
In conditions that made it difficult for other manufacturers to operate, Bajaj reportedly produced autocratic production and succeeded in making itself one of the largest companies in the country. From a turnover of three crores in 1965, Bajaj reached a turnover of about ten thousand crores in 2008.
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Tags: Bajaj Group, Business news in hindi