The Bajaj Group

The Bajaj Group...A Group Built on Trust

“Do whatever you think best, but be best at whatever you do”
– Rahul Bajaj


What started off as a sugar manufacturing factory in 1931, has grown to become one of the country’s largest business houses. With activities that encompass the manufacture of a whole range of products.

At the turn of the new millennium, this business conglomerate had a sale turnover in excess of US$ 1,300 million. The Net Assets were worth US$ 1,333 million and the Net Profit was US$ 58 million. What’s more, in the year 2001, it was ranked as the 5th largest business family in India by the Centre for Monitoring Indian economy (CMIE). It has under its umbrella over 25 companies and a strength of over 25000 employees.

It’s core strength, however, is the unshakeable foundation based on its tradition of trust.




Group Companies-

The Bajaj group comprises 27 companies and was founded in the year 1926. The companies in the group are:

1. Bajaj Electricals Ltd.
2. Bajaj Auto Ltd.
3. Mukand Ltd.
4.Bajaj Hindustan Ltd.
5. Maharashtra Scooters Ltd.
6. Bajaj Auto Finance Ltd.
7. Hercules Hoists Ltd.
8. Bajaj Sevashram Pvt Ltd.
9. Hind Lamps Ltd. Jeevan Ltd.
10. Bajaj Ventures Ltd.
11.The Hindustan Housing Co Ltd.
12. Bajaj International Pvt Ltd.
13. Baroda Industries Pvt Ltd.
14. Hind Musafir Agency Pvt Ltd.
15. Bajaj Allianz General Insurance Company Ltd.
16. Bajaj Allianz Life Insurance Company Ltd.
17. Mukand International Ltd.
18. Mukand Global Finance Ltd.
19. Mukand Engineers Ltd.
20. Bombay Forgings Ltd.
21. Bachhraj & Company Pvt. Ltd.
22. Jamnalal Sons Pvt. Ltd.
23. Bajaj Consumer Care Ltd.
24. Bajaj Auto Holdings Ltd.
25. Bachhraj Factories Pvt. Ltd.
26. Jeevan Ltd.
27.Stainless India Ltd.

 

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History of Bajaj Electricals

The ' Bajaj ' group of India owes immense gratitude to their founding fathers whose vision and dedication over the years has greatly helped to build a business house that can set standards in Indian Industry.
Jamnalal Bajaj was the founding father of the Bajaj Group. The adopted ‘fifth’ son of Mahatma Gandhi, and the 'merchant prince' who held the wealth he created in trust for the people of his country. Trust - a simple word that contains a whole philosophy handed down by Jamnalal Bajaj to his successors. He valued honesty over profit, actions over words and common good over individual gain.

Kamalnayan Bajaj, elder son of Jamnalal Bajaj, followed footsteps of his illustrious father and consolidated the bajaj foundation. With characteristic foresight and pragmatic vision, he launched a steady diversification programme which gave the current name "Bajaj" both its shape and size. His unique management style created a work culture that matched well with the national spirit he had inherited.

Ramkrishna Bajaj took over the reins of the "Bajaj group" in 1972 after Kamalnayan Bajaj and steered the Group from strength to strength for over 22 years. He had also actively participated in the freedom struggle of the country. In post independent India, he had led the youth movement. All along, he actively strengthened the foundations of business through ethics and practices both within the group and amongst the business community as well.

Shekhar Bajaj, Chairman & Managing Director of Bajaj Electricals Ltd., started his career with Bajaj Sevashram after which he worked at Bajaj International, the group's export company. Mr. Shekhar Bajaj joined Bajaj Electricals in 1980, became the Managing Director in 1987 and took over as the Chairman and Managing Director in 1994.

Mr. Bajaj is the Chairman of Bajaj Group companies Bajaj International and Hercules Hoist Pvt. Ltd. and on the Board of Directors of Bajaj Auto and IDBI Bank. He was the President of ASSOCHAM, former President of Indian Merchant Chambers (IMC) and Council for Fair Business Practices (CFBP)