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He was once the doyen of India’s auto trade however was once higher identified for his outspokenness than possibly his trade acumen. Rahul Bajaj, who known as himself “born anti-establishment”, had had his justifiable share of brush with the may of the federal government, without reference to whichever birthday celebration was once in energy. Born in Kolkata, Bajaj’s entrepreneurship adventure was once eventful. An alumnus of Harvard Trade College, he took over because the CEO of Bajaj Auto in 1968 and was once appointed MD in 1972.
It was once below his management that Bajaj’s scooters archived a stardom like no different product in India. Within the Seventies and Eighties, Bajaj Chetak scooter turned into an aspirational image for the middle-class, with the ‘Humara Bajaj’ song changing into synonymous with their hopes of a higher long term.
Below his management, Bajaj Auto noticed its turnover develop from a measly 17.2 crore to Rs 12,000 crore with the company’s scooters changing into the mainstay. The industrialist for many years additionally suggested the gang’s different companies reminiscent of normal and existence insurance coverage, funding and shopper finance, house home equipment, electrical lamps, wind power, particular alloy and chrome steel, subject material dealing with apparatus and trip.
Whilst his achievements in company international is bizarre, it was once his braveness to boost problems that have been uncomfortable to the ruling dispensation that made him stand aside. In accordance to a few, Bajaj equipped the much-needed backbone to India Inc. “The ‘backbone’ of Indian trade cracks. An in depth circle of relatives pal, he was once a visionary, directly speaking and really revered for his worth methods,” stated Harsh Goenka, chairman of RPG Team.Uday Kotak, MD of Kotak Mahindra Financial institution, described Bajaj as daring and fearless. “A unprecedented businessman who spoke reality to energy,” stated Kotak.