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Bajaj Group: A Century of Indian Enterprise Founded in Mumbai in 1926 by Jamnalal Bajaj, the Bajaj Group stands as a prominent example of Indian industrial success. The conglomerate's portfolio spans diverse sectors, showcasing its multifaceted business model. With over 40 companies under its umbrella, the group's influence is significant across the Indian economy. Bajaj Auto, the flagship company, holds a commanding global presence, ranking as the world's fourth-largest manufacturer of two- and three-wheelers. This core business has been instrumental in shaping the group's identity and market leadership. However, the Bajaj Group's reach extends far beyond automobiles. Its interests encompass a wide range of industries, including home appliances, lighting solutions, iron and steel production, insurance services, travel, and finance. This diversification demonstrates a strategic approach to risk mitigation and expansion into various growth sectors. The group's enduring legacy reflects a commitment to both industrial innovation and sustained economic contribution to India. Its history reflects the evolution of Indian business, from its humble beginnings to its current position as a multinational player.

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Company type Private
Industry Conglomerate
Founded 1926
Founders Jamnalal Bajaj
Headquarters Mumbai, Maharashtra, India
Area served Worldwide
Number of employees 60,000+
Subsidiaries Bajaj Auto, Bajaj Consumer Care, Bajaj Finserv, Bajaj Electricals, Bajaj Energy Limited, Bajaj Steel Industries, Bajaj Holdings &amp, Bajaj Hindusthan, Mukand, Bajaj Indef
Website www.bajajgroup.company

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Bajaj Group history

Last Updated : 18/01/25, 02:48 PM

Bajaj Group: A Legacy of Enterprise and Philanthropy The Bajaj Group's history is deeply intertwined with the Bajaj family's entrepreneurial spirit and commitment to social welfare. Founded by Jamnalal Bajaj, the group's expansion began under Kamalnayan Bajaj, who, after a Cambridge education, diversified into scooters, three-wheelers, cement, and other sectors. Kamalnayan's leadership shaped the group's early growth, later succeeded by his brother Ramkrishna Bajaj in 1972. Ramkrishna, while spearheading business operations, significantly contributed to the group's extensive social service initiatives, holding key positions such as Chairman of World Assembly for Youth (India) and Managing Trustee of the Indian Youth Centres Trust. Rahul Bajaj, grandson of Jamnalal, assumed control in 1965, transforming the Bajaj Group into one of India's largest conglomerates. His educational background, encompassing St Stephen's College, Government Law College, Mumbai, and Harvard University, underpinned his business acumen. His contributions were recognized with the CII President's Award for Lifetime Achievement in 2017. The family's significant financial success is evident in their October 2024 ranking as the 10th richest on Forbes India’s list of tycoons, boasting a net worth of $23.4 billion. The Bajaj Group's trajectory reflects a remarkable blend of business prowess and enduring philanthropic commitment, solidifying its legacy in India's industrial and social landscape.