Bajaj Family

LeagueBusiness Family

Net Worth$7.4 billion (As of October 10, 2020)

Bajaj Family Assets:

Bajaj Family's Journey so far ...

The Bajaj Group traces its history to the pre-Independence era, it was established by Gandhian and freedom fighter Jamnalal Bajaj in 1926
His sons Kamalnayan and Ramkrishna Bajaj ran the company till the former's eldest son Rahul Bajaj took over in 1965 and transformed it into one of India's largest conglomerates
The sons of Kamalnayan and Ramkrishna - Rahul, Shishir, Shekhar, Madhur and Niraj consolidated the conglomerate with investments in two and three-wheelers, finance, electrical appliances, sugar and steel
However, in the seventies, it was the two-wheeler business that contributed to the bulk of the Bajaj family wealth and the company became India's number 1 scooter brand with a presence in countries like Sri Lanka and Nigeria
Rahul Bajaj was instrumental in turning Bajaj Auto into an iconic Indian two-wheeler company. The Bajaj Chetak scooter was so popular that it had long waiting periods
However, in 2001, Rahul's brother Shishir’s demand for separation hit the family and shareholders. After about eight years in 2009, Shishir left the group and took ownership of Bajaj Hindusthan Limited and Bajaj Consumer Care Limited
The Mumbai-headquartered conglomerate is now owned by four promoters; patriarch Rahul Bajaj, along with Shekhar, Madhur and Niraj. The promoters refer to themselves as brothers
The group has over 35 companies under the umbrella and employs more than 60,000 people, the flagship being Bajaj Auto, one of the world's largest motorcycle manufacturers and India’s largest exporter of two and three-wheelers
With a clear succession plan in 2006, Rahul Bajaj split Bajaj Auto into two different entities and handed over control to his two sons, Rajiv got the auto business and Sanjiv took charge of the financial arm
The senior Bajaj said that this was done to unlock shareholder value, but the corporate masterstroke helped to quell any family dispute. Both the brothers have grown their respective businesses after the division
Bajaj Finserv under Sanjiv is the holding company for three subsidiaries, namely Bajaj Allianz Life Insurance, Bajaj Allianz General Insurance, and Bajaj Finance

Before you go ...

Mahatma Gandhi considered Jamnalal Bajaj as his fifth son
The Hamara Bajaj advertisement in the eighties and nineties became synonymous with the Indian middle-class dream of owning a scooter
The Bajaj family feud took a nasty turn in 2002 when Shishir alleged that Rahul was trying to remove him from the post of chairman of Bajaj Sevashram, one of the group's holding companies
The group undertakes philanthropy under the Jamnalal Bajaj Foundation

Last Updated: 31/05/2021

Bajaj Family News

The next tycoons: Across India's powerful business families, the next gen is being groomed to occupy corner offices
Major business families in India are actively transitioning leadership to the next generation. Prominent figures like Akash and Isha Ambani at Reliance, and Neville, Leah, and Maya Tata are taking on significant roles within their respective conglomerates. Similarly, the Godrej, Bajaj, Adani, and Birla families are integrating their younger members into key positions, preparing them to lead in the future.
Bajaj dynasty said to earmark Rs 10,000 crore for hospital chain
Bajaj Group earmarks 100 billion rupees ($1.1 billion) to establish a chain of affordable, high-class hospitals across India. This move aligns with the nation's growing healthcare needs and increased insurance coverage. Led by Nirav Bajaj, this initiative marks the conglomerate's new venture amid its diversified portfolio, including Bajaj Auto and Bajaj Allianz General Insurance.
Gurmeet Chadha on 4 auto stocks to buy on dips
Gurmeet Chadha, CEO of Complete Circle Consultants, talks about the early trends in the festive season, auto stock performances, and valuations. He highlights the potential of auto stocks like TVS, Bajaj Auto, and auto ancillaries like Sandhar Technologies and Uno Minda. He mentions the importance of earnings consistency and the impact of festive sales on stock valuations.
At $460 billion, India's top 3 family businesses are equivalent to Singapore's GDP
The 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses list showcases India's leading family-run enterprises. Highlighting the rise of young leaders, the list reveals significant growth and sector dominance. Key figures include Sudarshan Venu of TVS Motor Company and Bahirji A Ghorpade of Sandur Manganese. The combined value of these businesses reaches ₹130 lakh crore, underscoring their crucial role in India's economic landscape.
Top 10 most valuable family businesses in India for 2024
Top 10 most valuable family businesses in India for 2024
Ambanis & Birlas top Hurun India Most Valuable Family Business list; here's why Adanis failed to make the cut
The 2024 Barclays Private Clients Hurun India Most Valuable Family Businesses list features prominent families such as Ambani, Bajaj, Birla, and Jindal, but excludes Gautam Adani's conglomerate, as it is a first-generation family business. The Ambani Family tops the list with a value of Rs 25,75,100 crore.
Bajaj Auto: Bullish to sideways
Bajaj Auto’s daily trend is bullish to sideways. The RSI for monthly, weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 5000 and 5200. Let’s plan a trade around this.
Bajaj Auto April total sales rise 7 pc to 3,31,278 units
Bajaj Auto Ltd on Tuesday reported a 7 per cent increase in total sales at 3,31,278 units in April 2023, as compared to the same month last year. The company had posted a total sales of 3,10,774 units in April 2022, Bajaj Auto said in a regulatory filing.
Bajaj family buys 5 sea-view luxury apartments in south Mumbai’s Mahalaxmi
Two apartments have been bought through the Nirvaan Family Trust, while Shefali Bajaj, Sanjali Bajaj and Manish Kejriwal have bought one apartment each.
Suits & Sayings: This 69-yr-old multibillionaire’s magic formula is yogurt & sugar; boss buys Dubai villa during company’s massive cull
ET’s weekly roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours.
Suits & sayings: ET's weekly roundup of the wackiest whispers & murmurs in corporate corridors
The recent 2G verdict came as a huge relief to some politicians and business groups.
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