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Business News›Magazines›Panache›Panache People 101›Bajaj Family
    Bajaj Family

    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

    • Discover the top performers like Motilal Oswal Nifty Realty ETF and HDFC Manufacturing Fund, showcasing impressive returns in the market. These funds have attracted significant assets and delivered strong performances within a specific period of time in 2024.
    • In a recent episode of Bigg Boss OTT 3, contestant Chandrika Dixit, known as the Vada Pav Girl, made a startling revelation about her troubled childhood. She shared that her father turned to alcohol after her mother's death when she was just six months old and was married four to five times, neglecting her throughout her upbringing. Dixit disclosed that she was shuffled between relatives and ultimately adopted by her grandmother, who provided her with care and stability.
    • The stock quoted a 52-week high of Rs 9355.0 and a 52-week low of Rs 6634.6.
    • While the recent up move in large caps has made them cover some of the differential which has developed in the valuations between mid and large stocks. If one looks at the long term average, there is still a scope of mean reversion. It might happen in both ways, mid-cap witnessing some profit booking and large caps doing relatively well in the corrective phase of the markets. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
    • In a chilling incident similar to the 2018 Burari case, the bodies of a farmer, his wife, and their three children were discovered in their home in Ravdi village, Alirajpur district, Madhya Pradesh. The police suspect it to be a case of suicide, and a thorough investigation is underway.
    • ​ According to technical scan data from stockedge.com, within the Nifty200 pack, the closing prices of five stocks surpassed their 200-day moving averages on July 1.
    • Experts provide stock picks like ACC, Deepak Nitrite, HCL Tech, REC, RIL, Bajaj Finance, ONGC, Quess Corp, Usha Martin with targets and stop losses. Market poised for higher open, Nifty bullish trend observed with broader trading range.
    • From the Sensex pack, Infosys, HCL Tech, TCS, and Bharti Airtel opened higher, while Tata Motors, Kotak Mahindra Bank, Bajaj Finance, and ICICI Bank opened in the red.Shares of Kotak Mahindra dropped 2% after US short-seller Hindenburg said that the lender created and oversaw a fund that Hindenburg investors used to short Adani stocks.
    • Quebec has introduced a limit on family sponsorship applications, effective until June 25, 2026. The cap imposes a limit of 13,000 applications, with specific allocations for different categories. Out of the total, 10,400 applications are reserved for spouses, common-law partners, and dependent children aged 18 and above.
    • Bajaj Electricals Ltd. key Products/Revenue Segments include Consumer Durables, Contract Revenue, Scrap and Other Operating Revenue for the year ending 31-Mar-2022.
    • House of the Dragon, created by George R.R. Martin and Ryan Condal, continues to enthrall audiences with its exploration of Westeros nearly two centuries before the events of Game of Thrones.
    • Pavan Choudary, chairman, Medical Technology Association of India (MTAI), termed the move a path-breaking effort by the government towards equitable policy making, spanning the crucial last mile which was uncovered so far.
    • The first leg of the US Presidential Debate 2024 saw a rather exerted and unprepared Joe Biden taking the stage against a formidable opponent Donald Trump, who looked prepared and outrightly set the debate stage ablaze with his fiery logic and words. Meanwhile, President Biden's family is still encouraging him to stay on in the Presidential race after his below-par performance in the Presidential Debate.
    • D-Sreet closed on a positive note on Monday, with the S&P BSE Sensex gaining 443.46 points to settle at 79,476.19. The broader Nifty index also rose, adding 131.35 points to close at 24,141.95. The banking sector showed particular strength, with the banking gauge up by 0.44%. Tech Mahindra, Wipro, Bajaj Finance, Grasim Industries, and UltraTech Cement were among the top gainers, while NTPC, Eicher Motors, Apollo Hospitals Enterprise, SBI, and Dr. Reddy's Laboratories experienced declines. Market capitalisation of all the BSE listed companies increased by Rs 344,798 crore.
    • Carmakers Mahindra & Mahindra, Toyota Motor Corp's Indian unit, and Kia Motor reported increased car sales in June. This rise was driven by demand for sports utility vehicles (SUVs), despite heat waves affecting purchase decisions.
    • Bajaj Consumer Care initiates Rs 166 crore share buyback at 10% premium. Promoters own 39.30% equity. Public shareholders must act today to qualify for the buyback offer.
    • The newly acquired land is situated in a prime area near the upcoming Megapolis Metro Station, enhancing its accessibility to major IT hubs in Hinjewadi. The location is anticipated to draw substantial interest from both residential and commercial investors due to its proximity to essential amenities such as schools, hospitals, shopping malls, restaurants, and premium hotels.
    • Lonavala Viral Video: A heart-wrenching video of the incident showed a group of 9-10 persons, including those who lost their lives, stranded in the middle of a stream with flood waters gushing down and crying for help while their relatives and other bystanders asking them to hold on to each other.
    • Anant Ambani, ahead of his wedding with Radhika Merchant on July 12, visited the Krishna Kali temple in Neral, Maharashtra. He performed a havan ceremony seeking divine blessings and was accompanied by friends, including Janhvi Kapoor's boyfriend Shikhar Pahadia and actor Veer Pahadia. Anant's choice of attire and his impressive Rs. 6.9 crore Richard Mille watch garnered attention during this spiritual preparation.
    • Bajaj Auto reported a 5% year-on-year growth in total vehicle wholesales, including exports, with 3,58,477 units sold in June. The company had sold 3,40,981 two-wheelers and commercial vehicles in June 2023, according to a statement. Domestic sales, including commercial vehicles, saw an 8% increase to 2,16,451 units last month, compared to 1,99,983 units in the same month last year.
    • On the technical charts, the RSI of the stock stood at 63.05.
    • Auto stocks were in focus amid the release of June month sales numbers. Shares of Samvardhana Motherson, Hero Moto, Bharat Forge, Maruti Suzuki, and Bajaj Auto rallied over 1% each. Within the Nifty50 pack, JSW Steel, and Bharti Airtel rallied over 1%, while NTPC, Power Grid, and Apollo Hospitals fell up to 2%.
    • ​According to data from stockedge.com on June 28, three stocks from the Nifty50 index were identified in the RSI Trending Up scan.
    • The US Justice Department has offered Boeing a plea deal to avoid trial over the two deadly 737 MAX crashes, causing outrage among victims' families. The deal reportedly includes a fine and oversight by an external supervisor. Families, represented by lawyer Paul Cassell, strongly oppose the agreement and are prepared to contest it in court if Boeing accepts. Boeing, contacted by AFP, declined to comment. The DOJ previously considered prosecuting Boeing for violating a prior deferred prosecution agreement related to the crashes that claimed 346 lives.
    • SP chief and MP Akhilesh Yadav says, "The BJP is working against the basic value of reservation...Discrimination is happening with the families of PDA (Picchda, Dalit and Alpasankhyak)...There is no representation from the families of PDA in the vice-chancellors appointed from Delhi and UP. There is no representation from families of PDA in Central universities of Delhi...Jawaharlal Nehru University and Banaras Hindu University have given jobs to less than 15% of PDA families...The present government is not in favour of reservation"Reservation Row: JNU and BHU have given jobs to less than 15% of PDA families, says Akhilesh Yadav
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