Rahul bajaj««««««««««««««« Rahul Bajaj is a prominent Indian businessman and chairman of the Bajaj Group, which ranks among the top 10 business houses in India. The Bajaj Group has diversified interests ranging from automobiles, home appliances, lighting, iron and steel, insurance, travel and finance. Rahul Bajaj is one of India¶s most distinguished business leaders and internationally respected for his business acumen and entrepreneurial spirit. He comes from the business house started by Jamnalal Bajaj. Bajaj Auto is his flagship company. He was awarded the Padma Bhushan in 2001. He was listed twentieth on the Forbes India¶s Richest 40 list of people. Rahul Bajaj is an alumnus of Harvard, St. Stephen¶s and Cathedral. He took over the reins of Bajaj Group in 1965. Under his stewardship, the turnover of the Bajaj Auto the flagship company has risen from Rs.72 million to Rs.46.16 billion. Rahul Bajaj created one of India¶s best companies in the difficult days of the licence-permit raj. He established factories at Akurdi and Waluj. In 1980s Bajaj Auto was top scooter producer in India and its Chetak brand had a 10- year waiting period. The initiation of liberalization in India posed great challenges for Bajaj Auto. Liberalisation brought the threat of cheap imports and FDI from top companies like Honda. Rahul Bajaj became famous as the head of the Bombay Club, which opposed liberalization. The scooter sails plummeted as people were more interested in motorcycles and the rival Hero Honda was a pioneer in it. The recession and stock market collapse of 2001 hit the company hard and it was predicted that the days of Bajaj Auto were numbered. However, Bajaj Auto re-invented itself, established a world-class factory in Chakan, invested in R&D and came up with Bajaj Pulsar Motorcycle. Bajaj Pulsar is currently a leader in its segment. He was recently (June 2006) elected to the Rajya Sabha from Maharashtra, with cross party support from the BJP, Shiv Sena and NCP. Achievement: Chairman of the Bajaj Group Rahul Bajaj is the Chairman of the Bajaj Group, which ranks among the top 10 business houses in India. The Bajaj Group has diversified interests ranging from automobiles, home appliances, lighting, iron and steel, insurance, travel and finance. Rahul Bajaj is one of India's most distinguished business leaders and internationally respected for his business acumen and entrepreneurial spirit. Rahul Bajaj is an alumnus of Harvard, St. Stephen's and Cathedral. He took over the reins of Bajaj Group in 1965. Under his stewardship, the turnover of the Bajaj Auto the flagship company has risen from Rs.72 million to Rs.46.16 billion. Rahul Bajaj created one of India's best companies in the difficult days of the licence-permit raj. He established factories at Akurdi and Waluj. In 1980s Bajaj Auto was top scooter producer in India and its Chetak brand had a 10-year waiting period. The initiation of liberalization in India posed great challenges for Bajaj Auto. Liberalisation brought the threat of cheap imports and FDI from top companies like Honda. Rahul Bajaj became famous as the head of the Bombay Club, which opposed liberalization. The scooter sails plummeted as people were more interested in motorcycles and the rival Hero Honda was a pioneer in it. The recession and stock market collapse of 2001 hit the company hard and it was predicted that the days of Bajaj Auto were numbered. However, Bajaj Auto re-invented itself, established a world-class factory in Chakan, invested in R&D and came up with Bajaj Pulsar Motorcycle. Bajaj Pulsar is currently a leader in its segment. Recently, Rahul Bajaj was elected to Rajya Sabha from Maharashtra. Rahul Bajaj is the grandson of Jamnalal Bajaj who formed the Bajaj group. The flagship company, Bajaj Auto has a significant market share in the two-wheelers segment of India. He was awarded the Padma Bhushan in 2001. He is an alumnus of Harvard Business School, St. Stephen`s College, Delhi, Government Law College, Mumbai and Cathedral and John Connon School. Last year, he did business settlement with his brother Shishir Bajaj. His 3 cousins, Shekhar, Madhur and Niraj assist him in controlling the Bajaj Group of companies. His two sons Rajiv & Sanjiv Bajaj are active in Bajaj Auto & Bajaj Finserv companies. His daughter, Sunaina Kejriwal, married to Manish Kejriwal who heads Temasek India. He was recently elected to the Rajya Sabha from Maharashtra, with cross party support from the BJP, Shiv Sena and NCP Rahul Bajaj is the Chairman and Managing Director of the Bajaj group, which has been named amongst India's top ten business groups. He is one of India's renowned industrialists and is internationally respected for his business expertise and entrepreneurial character. Rahul Bajaj comes from the family of Jaman Lal Bajaj. Rahul is the grandson of Jaman Lal Bajaj, who founded the Bajaj Group. Shishir Bajaj is the brother of Rahul Bajaj. Rahul Bajaj has two sons, Rajiv Bajaj and Sanjiv Bajaj, and daughter Sunaina Kejriwal. His sons Rajiv and Sanjiv Bajaj manage his companies. Rahul Bajaj completed his schooling from Cathedral, a school in Bombay. Then he further pursed his studies from St Stephen's College, Delhi and Harvard University, USA. He took over control of the Bajaj Group in 1965 and successfully established one of India's best companies. He established factories at Akurdi and Waluj. In 1980s Bajaj Auto was India's topmost scooter making company. After ten years of Bajaj Auto's success Chetak was launched. Bajaj Auto had to face many challenges with the liberalization of the Indian economy. The slump in the sale of scooters and the downfall of the stock market of 2001 hit the company hard. It was forecast by some business analysts that Bajaj industries would have to shut down soon. But without losing hope Rahul Bajaj with his business expertise re-established the battered company. He established another factory in Chakan, invested in R&D and came up with Bajaj Pulsar Motorcycle. Bajaj Pulsar is presently a leader in its sector. Family background Rahul Bajaj comes from the family of Jaman Lal Bajaj. Rahul is the grandson of Jaman Lal Bajaj, who founded the Bajaj Group. Shishir Bajaj is the brother of Rahul Bajaj. Rahul Bajaj has two sons, Rajiv Bajaj and Sanjiv Bajaj, and daughter Sunaina Kejriwal. His sons Rajiv and Sanjiv Bajaj manage his companies. Rahul Bajaj completed his schooling from Cathedral, a school in Bombay. Then he further pursed his studies from St Stephen's College, Delhi and Harvard University, USA. He took over control of the Bajaj Group in 1965 and successfully established one of India's best companies. He established factories at Akurdi and Waluj. In 1980s Bajaj Auto was India's topmost scooter making company. After ten years of Bajaj Auto's success Chetak was launched. Bajaj Auto had to face many challenges with the liberalization of the Indian economy. The slump in the sale of scooters and the downfall of the stock market of 2001 hit the company hard. It was forecast by some business analysts that Bajaj industries would have to shut down soon. But without losing hope Rahul Bajaj with his business expertise re-established the battered company. He established another factory in Chakan, invested in R&D and came up with Bajaj Pulsar Motorcycle. Bajaj Pulsar is presently a leader in its sector. Rahul Bajaj $850 million Pune 66 . Married . 3 Children . Source: Forbes Associated Companies: Bajaj Group Rahul Bajaj is India 's most outspoken industrialist. As chairman of the Bombay club Bajaj was among the few to have vehemently opposed India 's liberalization programme in the early 1990's. It is ironic that today Bajaj plans to have establishments in countries as far and diverse as Brazil , Indonesi and Nigeria .. A confidante of Mahatma Gandhi, Rahul Bajaj's grandfather founded the scooter company. Recently tensions with estranged brother Shishir hogged the limelight and threatened to divide his fortune Bajaj believes in giving people a lot of independence. He prefers them to learn while on the job. Brash and assertive, Bajaj thinks that he created one of India 's best companies in the difficult days of the license-permit raj.Although many would disagree and think that creating companies during the license raj was far easier for established business groups then for the non-established ones. In 1980 Bajaj Auto was top scooter producer and its Chetak brand had a 10-year waiting list. During the 1970's foreign collaborations and licenses were difficult to obtain. However, in the 1980s capacity licensing and foreign collaboration for two-wheelers was liberalized. All the world's top players (Honda, Suzuki, Yamaha, Piaggio, Garelli, Peugot) entered through collaborations or joint ventures. But this did not deter Bajaj Auto as it met the challenge and maintained its dominating position.. While Hero Honda captured the motor-cycle market Bajaj hung on to its scooter business. Post the liberalization and the change in the demographic profile the younger Indian began to prefer motor-cycles to scooter. Bajaj finally woke up but by then Hero Honda was already ahead in the two-wheeler race. Talking of people Bajaj feels I feel an MBA should have four essential qualities to succeed in the new millennium a. Listen effectively b. Think like an entrepreneur c. Cross functionality. d. Smart work combined with hard work Bajaj feels that the world has become a seamless place to live in and that liberalization of the economy during the 1991-93 period was handled exceptionally well. The biggest problem with the country is its apathy to creating wealth.