Rahul Bajaj is the chairman of the
Bajaj Group, which ranks among the top 10 business houses in India. He is one
of India's most distinguished business leaders and internationally respected
for his business acumen and entrepreneurial spirit.
He took over the reins of Bajaj
group in 1965. Under his leadership, the turnover of the Bajaj Auto the
flagship company has risen from Rs 72 million to Rs 46.16 billion. The
initiation of liberalisation 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 liberalisation.
The scooter sales 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. He is an alumnus of Harvard, St. Stephen's and
Cathedral.
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