The Bajaj Group was established in 1926 by Jamnalal Bajaj, Rahul’s grandfather. Rahul came home in 1964 following his graduation from Harvard Business School to join the group that was then led by his father and later his uncle. Rahul received the baton in 1994. He gave his son Rajiv daily management of the company’s flagship Bajaj Auto in 2005, and later gave his younger son Sanjiv responsibility for Bajaj Finserv and Bajaj Finance.
When Rahul’s younger brother Shishir left the group in 2008, he took some consumer goods and sugar companies with him. The once close-knit family broke apart. Rahul worked to finalize a family agreement that encompassed management of the group enterprises to secure a seamless handover with the remaining faction.
Rahul Bajaj, the group’s patriarch, passed away in February at the age of 83. The Bajaj Group is carrying on his legacy. With a total net worth of $14.6 billion, the family moved up to position 10 on India’s list of the 100 richest people. The legendary group’s growth, which currently includes 40 businesses in industries like two-wheelers, financial services, and electrical appliances, can be attributed in part to the business tycoon’s well-thought-out succession plan.
The Bajaj Group was established in 1926 by Jamnalal Bajaj, Rahul’s grandfather. Rahul came home in 1964 following his graduation from Harvard Business School to join the group that was then led by his father and later his uncle. Rahul received the baton in 1994. He gave his son Rajiv daily management of the company’s flagship Bajaj Auto in 2005, and later gave his younger son Sanjiv responsibility for Bajaj Finserv and Bajaj Finance.
When Rahul’s younger brother Shishir left the group in 2008, he took some consumer goods and sugar companies with him. The once close-knit family broke apart. Rahul worked to finalize a family agreement that encompassed management of the group enterprises to secure a seamless handover with the remaining faction.
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