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Tag: bajaj group

  • Oldest Indian Businesses and Their Current Operations: Part IV

    Finally reaching the last part of our series, we take a look at three more companies that have journeyed through the years and navigated the winding road to success.

    Apeejay Surrendra Group
    TVS Group
    Bajaj Group

    Apeejay Surrendra Group

    Group Apeejay Surrendra Group
    Founder Lala Pyare Lal
    Founded 1910
    Industry Conglomerate

    Apeejay Surrendra Group
    Apeejay Surrendra Group

    The Indian business conglomerate was founded in the year 1910 by Lala Pyare Lal in the city of Jalandhar, which was then relocated to Kolkata in the year 1951. The company was first set up to manufacture steel goods for the domestic agricultural market. Slowly and steadily, it grew and expanded into the shipping business in 1948.

    A scarcity of steel and steel goods in the 1950s proved to be the turning point of success for the conglomerate as it turned to non-traditional sources of steel and began importing from countries like USSR, Czechoslovakia, Hungary, Poland, East Germany, and China. The imports included products for construction and infrastructure building. This led to the group’s expansion in diverse international markets that included steel, finished steel products, coal, and machinery. The Apeejay Surrendra group successfully set up India’s most advanced steel mill and was among the first in the country to manufacture stainless steel.

    With time and globalization, the group has ventured into other diversified businesses and proven its mettle by turning those businesses into international successes. Some of the group’s businesses include hotels, real estate, construction, tea estates, logistics, knowledge parks, and pharmaceuticals.

    Apeejay Tea Ltd

    The company was incorporated in the year 1995 and has a long association with Assam through its tea plantations and the Kharjan estate.

    Apeejay Surrendra Park Hotels Ltd.

    The Park Hotels are pioneers in luxury boutique hotels operating for over 50 years

    Apeejay Shipping Ltd.

    Beginning operations in the year 1948, the company operates a fleet of modern dry bulk carriers globally.

    Apeejay Oxford Bookstores Pvt. Ltd.

    True to its name, the company operates retail outlets offering books and other related items to its customers.

    Apeejay Infralogistics Pvt. Ltd.

    The company is dedicated to having an integrated approach to creating and developing support facilities like parking yards, business centers, office parks, food courts, weighbridges, security services, etc.

    Apeejay Insurance Broking Services Pvt. Ltd.

    The company was incorporated in the year 2004 and operates worldwide. They provide expert services in underwriting commerciality, coverage and responsiveness, policy administration, and claims. Their general services portfolio includes services like insurance portfolio analysis, risk assessment, and post-placement services.

    TVS Group

    Group TVS Group
    Founder T. V. Sundaram Iyengar
    Founded 1911
    Industry Conglomerate

    TVS Group
    TVS Group

    The TVS Group, aptly named after its founder, T. V. Sundaram Iyengar was founded in the year 1911, with Madurai’s first bus service. The company’s main business was in the transportation sector as it owned and operated a large fleet of trucks and buses under the name Southern Roadways.

    As the company grew and expanded its business operations, the group established a new company called Sundaram Clayton in the year 1962 in collaboration with Clayton Dewandre Holdings of the United Kingdom. The company established its plant in the year 1976 in Hosur that manufactured mopeds. It was in the year 1980 that India’s first ever two-seater moped, TVS 50, rolled out of this factory. Following this, the company began commercially producing motorcycles in the year 1989 after another collaboration with the Japanese auto giant Suzuki Ltd., in the year 1987. The TVS Group successfully operates more than 50 subsidiary companies, 9 of which are publicly listed.

    TVS Motor Company

    This is the flagship company of the group and manufactures motorcycles. In terms of revenue, it is the third-largest motorcycle company in India.

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    Sundaram Fasteners Ltd.

    Established in the year 1966, the company now operates globally and manufactures critical high-precision components for the automotive, windmill, and aviation sectors.

    Sundaram Clayton Ltd.

    Founded in 1962, the company is based in Chennai and makes aluminum and magnesium castings for the automotive industry.

    TVS Srichakra Ltd.

    The company began in the year 1982 and is a leading manufacturer of tires and tubes for two and three-wheelers in the country. It also has a large program of Off-the-road tires for the export and domestic market.

    Wheels India Ltd.

    As the name suggests, the company is a global player in the auto components industry. It manufactures wheels for cars, UVs, commercial vehicles, tractors, and construction and earthmover equipment.

    India Motor Parts & Accessories Ltd.

    Founded in the year 1954, the company’s business operation includes the distribution of automobile spare parts and accessories.

    India Nippon Electricals Ltd.

    The company was incorporated in the year 1984, it manufactures electronic ignition systems for two-wheelers.

    TVS Electronics Ltd.

    The company which began in the year 1986 designs, manufactures, and distributes IT products, dot-matrix printers, point-of-sale terminals, printer supplies, keyboards, mobiles, mouse, uninterruptible power supplies, and set-top boxes.

    Sundaram Brake Linings Ltd.

    Founded in 1976, the company manufactures automotive, non-automotive, railways, and industrial friction materials.

    TVS Real Estate (Emerald)

    This is the real estate arm of the TVS Group and is into residential and commercial real estate.

    TVS Success Story| Indian Motorcycle Company

    Bajaj Group

    Group Bajaj Group
    Founder Jamnalal Bajaj
    Founded 1926
    Industry Conglomerate

    Bajaj Group
    Bajaj Group

    Founded by Jamnalal Bajaj in the year 1926, the Bajaj Group’s core business operation was in the two-wheeler industry. His son, Kamalnayan Bajaj expanded the business by branching into the manufacture of scooters, three-wheelers, cement, alloy casting, and electricals.

    The Bajaj Group’s flagship company, Bajaj Auto has been ranked as the world’s fourth largest two and three-wheeler manufacturer. Over the years, the group has evolved and expanded to comprise 40 companies and subsidiaries that operate under the Bajaj Group umbrella. The conglomerate’s various businesses span various industries including automobiles (two and three-wheelers), home appliances, lighting, iron and steel, insurance, travel, and finance.

    Bajaj Auto Ltd.

    Founded in the year 1945, the company is an automotive manufacturer of scooters, motorcycles, and auto-rickshaws.

    Bajaj Consumer Care Ltd.

    The company began its business operations in 1930 in the consumer care sector with hair care products.

    Bajaj Finance Ltd.

    This non-banking financial company began its operations in the year 1987 and is headquartered in Pune. It is an investment and credit company and a subsidiary of Bajaj Finserv Ltd.

    Bajaj Electricals Ltd.

    Founded in the year 1938, the company manufactures electrical equipment like lighting, luminaries, appliances, fans, LPG-based generators, etc.

    Bajaj Ventures Ltd.

    The company operates under the Bajaj Group umbrella manufacturing power tools, household appliances, and other related accessories.

    Bajaj Healthcare Ltd.

    The pharmaceutical arm of the Bajaj Group, the company was established in the year 1993 and is a bulk manufacturer that serves various pharmaceuticals, nutraceuticals, and food industries globally.

    Other notable companies that successfully operate under the Bajaj Group are Bajaj Finserv Ltd, Bajaj Energy, Bajaj Hindustan, Bajaj Steel Industries Ltd., Mukand, and Bajaj Holdings & Investments.

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    Conclusion

    The corporate world of today is fast, evolving and a continual challenge to entrepreneurs. A look at these companies and the way they have traversed through time accepting varied obstacles and challenges, and negotiating through them with intelligence, understanding, and insight, provides inspiration and strength.

    FAQs

    When was the Apeejay Surrendra group formed?

    The Indian business conglomerate was founded in the year 1910 by Lala Pyare Lal in the city of Jalandhar.

    Who was the founder of the TVS group?

    The TVS Group, aptly named after its founder, T. V. Sundaram Iyengar was founded in the year 1911, with Madurai’s first bus service.

    Which is the flagship company of the Bajaj group?

    The Bajaj Group’s flagship company is Bajaj Auto which has been ranked as the world’s fourth largest two and three-wheeler manufacturer.

  • Top 9 Consumer Durable Companies In India 2022

    Durables also referred to as durable products or consumer durables, are items that do not have to be replaced frequently and generally endure for three years or more. Consumer durable goods stay long enough to purchase on a regular basis. Furnishings, automobiles, books, metal, and other consumer durable products are examples. In India, there are a number of consumer durables companies that make and supply such items. In the coming year, the sector’s market will be worth around $3 trillion. So, here’s a look at the top durable companies in India.

    1. Bajaj Electricals
    2. Prestige
    3. Philips India
    4. Blue Star
    5. Whirlpool
    6. Voltas
    7. Hitachi
    8. Orient Electric
    9. Godrej and Boyce

    Types of Consumer Durables

    White Goods: Air conditioners, dishwashers, clothes dryers, drying cabinets, freezers, refrigerators, kitchen stoves, water heaters, washing machines, microwave ovens, and induction cookers are examples of white goods.

    Brown Goods: Microwave ovens, grinders, chimneys, electric fans, iron, mixers, and other similar cooking gadgets are examples of these types of commodities.

    Consumer Electronics: VCD players, DVD players, MP3 players, mobile phones, telephones, and other similar items fall within consumer electronics products.

    In India, a number of consumer durables companies make and distribute such items. In the year 2020, the industry’s market was worth around $3 trillion. Apart from that, India is a fast developing country in the sector of technology.

    Top 9 Consumer Durable Companies in India

    1. Bajaj Electricals

    Bajaj Electricals Logo
    Bajaj Electricals Logo

    Counted among one of the top consumer durable companies in India, Bajaj Electrical is a well-known brand. The Bajaj Group, situated in Mumbai, Maharashtra, was founded in 1926 and is the parent business of Bajaj Electricals. Kitchenware, ceiling fans, table fans, pedestal fans, exhaust fans, light bulbs, lanterns, and battery torches are just a few of the consumer products produced by Bajaj Electricals.

    Bajaj Electricals’ market capitalization as of August 2, 2021, is 13, 185.69 crores. Their products are all produced with cutting-edge technology. It has over 20 branch offices throughout the country. Bajaj sells its products in more than 5 nations, including the United Arab Emirates and the United Kingdom.

    2. Prestige

    Prestige Logo
    Prestige Logo

    It is an Indian firm that produces Prestige brand kitchen gadgets and cookware. Pressure and induction cookers, mixer grinders, glass top, and electric cookers are some of their best-selling items. The TTK Prestige consumer durables division is part of the TTK Group, a commercial conglomerate that was created in 1928. TTK Prestige is well-known and respected.

    Prestige is one of the top consumer durable companies in India. It has a market capitalization of 12,060 crores as of August 2, 2021. All of their items fall under the category of kitchen appliances, and roughly 60% of regular and repeat clients trust them. For its efforts in the field, the corporation was also awarded the power brand award.

    3. Philips India

    Philips Logo
    Philips Logo

    Philips India Ltd., headquartered in Amsterdam, is a Dutch multinational conglomerate. They are one of the world’s leading consumer durables corporations. Radios, shavers, and lights, among other things, are well-known and frequently purchased. Clinical intelligence, imaging systems such as CT and MRI, diagnostic monitoring, and defibrillators are among their healthcare offerings.

    Philips has taken a number of steps to improve environmental circumstances. Their inventions and new procedures have gained them notoriety, and they are now one of India’s leading consumer durables enterprises.

    4. Blue Star

    Blue Star Logo
    Blue Star Logo

    Blue Star Limited is a well-known refrigerator manufacturer. In India, the firm is also the major manufacturer of air conditioning equipment. It also provides other services such as electrical drilling and plumbing. High-quality air coolers and purifiers have come from their firms’ cutting-edge technologies.

    With a network of 32 offices around the country, the annual income is around INR 5405 Cr. There is approximately 2800 employees total, with 3880 channel officers. They have a steady stream of corporate and commercial clientele.

    The business segment and the after-sales segment are both included in their electromechanical project. Apart from that, their electronic and unitary products are among the best in the industry, making them India’s leading consumer durables company.

    5. Whirlpool

    Whirlpool Logo
    Whirlpool Logo

    Whirlpool corporation only entered India in the late 1980s through a partnership with the TVS group. They began producing and marketing washing machines in the union territory of Pondicherry, and now have facilities in Pune, Pondicherry, and Faridabad.

    With a variety of items such as air conditioners, washing machines, refrigerators, and imaging equipment, their mission is to make happier households in the country. To assure customer pleasure, they have world-class dealers and retailers. With their state-of-the-art technology, they have reached new heights with their brand philosophy of serving clients from all over the world.

    6. Voltas

    Voltas Logo
    Voltas Logo

    Voltas is one of the top durable companies in India that is a division of the well-known Tata group. The company is professional in establishing market leadership through creative solutions. It’s a multibillion-dollar home appliance conglomerate known for its high-quality air conditioners and cooling systems. Their project businesses are divided into two sections. The domestic segment is one, and the foreign segment is the other.

    To secure profitability, they deliver cutting-edge quality items. Air conditioners, air and water purifiers, water dispensers and cleansers, and other goods are among their most popular. A number of prestigious organisations had praised their work, and they had received numerous prizes.

    7. Hitachi

    Hitachi Logo
    Hitachi Logo

    Hitachi is a Japanese multinational corporation that ranks 129th among Fortune 500 firms worldwide. The induction motor was the company’s first product. They produce and distribute a wide range of items, including automotive systems, construction machinery, defence systems, digital media products, and more.

    Many hospitals throughout the world have purchased equipment from their electronic division, including particle treatment and cell therapy technology. Wires and cables are also bought and traded across borders. Hitachi is one of India’s leading consumer durable enterprises, providing social and infrastructural system facilities such as elevators and escalators.

    8. Orient Electric

    Orient Electric Logo
    Orient Electric Logo

    In 2011, the company entered the consumer durables industry and has performed admirably since then. The company is well-known for its cutting-edge, market-leading products. Emergency LED lamps, inverter fans, and UV sanitary machines are just a few of them. It has won the prize for best corporate super-brand. Their main goal and ambition is to make items more accessible to people all over the world by ensuring profitable products.

    9. Godrej and Boyce

    Godrej Logo
    Godrej Logo

    With over 616 million active consumers in the country, Godrej has succeeded in performance since its inception. It has also aided in the expansion of India’s economy and the development of its stakeholders. It is the first Indian firm to receive a nomination for the global cooling price.

    According to projections issued in 2019-2020, their entire revenue is over INR 11,500 Cr. Lighting and security solutions are among their most trusted categories. With its foreign subsidiaries and affairs, the company has established global footprints on about five continents.

    The company’s current ROE value is 20.5 percent, and thousands of people are actively contributing to its growth. Many people have put their faith in the country’s satellite launches and other aviation endeavours which makes it one of the best consumer durables companies in India.

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    Conclusion

    The demand for a wide range of consumer durable products is steadily increasing in India, thanks to rising disposable income and technological advancements. As the price gap between the identical consumer goods produced by different companies narrows, this results in fierce competition among different consumer durable brands. These items are becoming less expensive by the day.

    From US$ 6.3 billion in the 2010-11 fiscal year to US$ 12.5 billion in the 2015-16 fiscal year, the consumer durables market is predicted to grow at a 14.8 percent CAGR to US$ 12.5 billion in the 2015-16 fiscal year. According to the most recent data, it is predicted to grow by 9% by 2022, reaching US$ 48.37 billion.

    FAQs

    What is a consumer durable company?

    Consumer durable companies are companies that manufacture consumer durable goods that are bought in the long run. Goods like refrigerators, dishwashers, washing machines, fans, etc.

    What are the top consumer durable companies in India?

    Some of the best Consumer Durable companies in India are:

    • Bajaj Electricals Ltd.
    • Prestige
    • Philips India Ltd.
    • Blue Star Ltd.
    • Whirlpool Corporation Ltd.
    • Voltas Ltd.
    • Hitachi Global
    • Orient Electrical
    • Godrej

    What is an example of a consumer durable good?

    Refrigerators, automobiles, furniture, household appliances, washing machines, and mobile homes are some examples of consumer durable goods.

  • Business Model Of Bajaj Group: How Does Bajaj Group Make Money?

    In this world of clashing industries, we must come across the name of the Bajaj group. Proudly calling itself an indigenous company, Bajaj Group is a multi-industry (also known as a conglomerate). This industry is one of the most well-known in our country. It is also one of the oldest of its kind. Here we will talk about its business model and its secret to strive and perform well.

    About Bajaj Group
    Business Model Of Bajaj Group
    What is unique in the Business Model of Bajaj Group?
    How does Bajaj Group Make money?
    Conclusion
    FAQs

    About Bajaj group

    About Bajaj Group

    Bajaj Group of companies, being India’s one of proudly indigenous companies, was founded in 1926. Its founder was Mr Jamnalal Bajaj. It set up its first headquarters in Mumbai. It boasts of being one of the oldest multi-business companies in our country. It serves worldwide, so it’s also multinational. Having achieved the ‘ First in the industry’ status with all plants certified and several other international awards with its excellent automobile production, Bajaj stands high in business standards.

    Areas of operation

    The Bajaj groups started operating first in India and, with the flow of time, placed themselves in the list of oldest conglomerates of India. With about 40 companies and nine subsidiaries of the Bajaj Group, the company exports mainly to Sri Lanka, Colombia, Indonesia, Netherlands, and Bangladesh. And its soon wanting to expand its exports to Russia. Not just this, the business of Bajaj Group is expanding worldwide nearly to every corner of the world.

    Key products and services

    Being a multi-business company, Bajaj deals in automobiles, insurance, financial services, electrical devices, consumer care, alloy and steel, and finally in sports. A single company provides all these services. Here is a quick list of services offered by the Bajaj Group:

    1. Automobile: Being one of the largest producers and exporters of automobiles in India, the Bajaj group exports up to 50-52℅ of its automobile production. Bajaj auto holdings limited as an investment company, Bajaj Auto international holdings BV, Maharashtra scooters Limited, PT Bajaj Auto Indonesia are all under Bajaj Group.

    2. Insurance:  Bajaj groups is also known widely for its insurance providing services. Bajaj Allianz General Insurance Company Limited, Bajaj Allianz Life Insurance is essential to assistance provided by the company.

    3. Finance services: In the field of finance, we have Bajaj finance Limited and Bajaj Finserv Limited, and these deal with financial assistance and distribution of products along with hiring and leasing.

    4. Consumer care: Mostly, cosmetics and hair care products form a part of this. Various oils, face wash, soaps, scrubs, face masks, facial creams are products it deals with.

    5. Electrical Device: Various electrical devices, primarily fans, air conditioners, poles, lattice closed towers, and high masts, form a part of the electrical devices Bajaj Groups deal with.

    6. Alloy and steel: Mukand International Limited is the part which deals with the trading of metals, alloys, and steel along with alloys of iron. Hospet Steel Limited Plant is the iron-making division, and also in steelmaking and rolling mill.
    7. Electrical components: Electrical devices such as GLS lamps, fluorescent lamps, electrically operated fans, lights, and various miniature lamps are part of Bajaj Group’s productions.

    8. Sports: Various sporting equipment and gym equipment are products of Bajaj. Equipment relating to various sports and also cycles are a part of it.

    Target audience

    Bajaj provides many different services in many other fields. It caters to the needs of everyone. Without any distinction in gender, age, or irrespective of the sex of a person, Bajaj groups provide their services. Being a multi-business company, it is a conglomerate in its truest sense. Its services attract an array of audiences, from a retired individual to a homemaker to a sportsperson.

    Business Model Of Bajaj Group

    Bajaj Group
    Bajaj Group

    Bajaj Group showcases an extraordinary business model for others to follow irrespective of what industry they are dealing with. A multi-business company isn’t set on its own; it requires strategy and all pooled into its business model. It has a diversified business structure and mainly focuses on three things – acquiring many customers irrespective of their age and sex. The second is providing a great variety of services that can cater to the needs of all its consumers. The third one is the expansion of its exports and services into different other countries.

    Its business model helps it to get a maximum amount of profit. Its revenue means include exports, shares, selling within the country, sponsoring, and manufacturing much-needed materials.

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    What is unique in the Business Model of Bajaj Group?

    As already discussed, Bajaj groups believe in catering to the needs of their large and diversified customers. It’s not easy to adopt these well-crafted strategies, but they made Bajaj Group’s business model inspiring every industry. These include:

    1. High exports: Exports form an essential part of the business model of Bajaj groups. It mainly exports its two-wheelers to several countries. Also, the team which handles it is very experienced.

    2. Meeting the needs of customers: The prices are reasonable for an Indian household. Also, online marketing and easy EMI options are available to those who want to buy the products

    3. A complex and unique distribution network: A highly managed and efficient distribution web that eases the setting up of business both in and outside our country. It has many warehouses and storerooms with its products—a group of trustworthy dealers.

    Providing several services and proudly being the most prominent bikes and scooters in our country, nearly 50-52 percent of its sales are exported. Some of its essential strategies in the business model also include promoting its new launch, giveaway and lucky draws, Internet marketing, easy EMI options on various goods. Other methods include different social media accounts which post about the product, providing a great versatility of products, and letting customers decide and review their products.

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    How does Bajaj Group Make money?

    The wisely crafted business model helps Bajaj groups to extract profit efficiently. First, the services provided by it caters to a large and diverse audience who use its services frequently. The company gains profit from as many national and international consumers as possible. Almost 50 percent of its automobiles are exported. Also, there are numerous ways to make money in its own country.

    Bajaj Group makes its money by exports. Bajaj Auto, which is a part of the bajaj Group, manufactures a large number of two and three-wheeled vehicles. These are in great demand in foreign countries. Over more than seventy countries have gotten these vehicles imported from India. It helps in adding to the revenue of bajaj groups. Selling and buying of shares also add to its revenue.

    Bajaj is a well-known brand of electronics in India; people buy electronics from this brand in many ways. Indians trust this brand, and because of its excellent performance, its demand is very high in the country. It helps the company to get more money. By using the method of recycling, the company makes its iron and steel. These, when sold this generates a large amount of profit. As steel and iron are used in every place, its sales help the company a lot.

    Bajaj has sponsored many events and even supported the Indian teams in some international events, these sponsorship helps get income. Because of the increase in the number of factories at various places, more production is the result. More production means more sales. Also, the taste of people is being taken into consideration to increase the amount of profit.

    Conclusion

    Bajaj groups which started as small businesses soon grew into a vast business empire. The founder, along with his family, all worked together in making Bajaj one of India’s most profitable brands. Not only does it provides us with a variety of products, but it also engages itself in several welfare activities. This company has won the hearts of both Indians and the people of another country. It is due to its efficiency and diversity of products.

    FAQs

    What is the revenue of Bajaj group?

    Bajaj group has a revenue of more than 50,000 crores in Indian currency.

    Who is the MD of Bajaj group?

    Rahul Bajaj is the MD of Bajaj groups.

    Who are the CEO of Bajaj Group?

    Rajiv Bajaj, Sanjiv Bajaj, and Lalit Jalan are the CEO of Bajaj Group.

    How many companies are there in Bajaj Group?

    There are 34 companies under Bajaj Group of companies.

    What are the companies under Bajaj Group?

    Some of the companies under Bajaj Group are:

    • Bajaj Allianz General Insurance Company Ltd.
    • Bajaj Allianz Life Insurance Company Ltd.
    • Bajaj Auto Finance Ltd.
    • Bajaj Auto Ltd.
    • Bajaj Electricals Ltd.
    • Bajaj Finserv Ltd.
    • Bajaj Holdings & Investment Ltd.
    • Bajaj International Pvt. Ltd.
    • Bajaj Sevashram Pvt. Ltd.
    • Bajaj Ventures Ltd.
    • Hercules Hoists Ltd.
    • Jamnalal Sons Pvt. Ltd.

  • Bajaj Group Of Companies – All You Need To Know

    Bajaj Group is an Indian multinational company that is one of the oldest and largest conglomerates of India.

    The group comprises 34 companies with around 36,000 employees across businesses such as two- and three-wheelers, insurance and steel, home appliances, travel and finance, etc. Its flagship company Bajaj Auto ranks as the world’s fourth-largest two- and three-wheeler manufacturer. Some of the notable companies are Bajaj Auto Ltd, Bajaj Finserv Ltd, Hercules Hoists Ltd, Bajaj Electricals, Mukand Ltd, Bajaj Hindusthan Ltd and Bajaj Holding & Investment Ltd.

    In recent news, the Bajaj Group has pledged to donate ₹200 crores towards Covid-19 response in addition to ₹100 crores they donated last year to support the government’s fight against the deadly pandemic.

    History And Origin of Bajaj Group
    Flagship Companies of Bajaj Group
    Corporate Social Responsibility(CSR) of Bajaj Group
    Bajaj Group – FAQs

    History And Origin of Bajaj Group

    The Bajaj Group of Companies was founded by Jamnalal Bajaj in 1926.

    Jamnalal Bajaj was a freedom fighter and a philanthropist, a close confidante of Mahatma Gandhi. He took the novel step of using business to serve society. His endeavors were taken forth and developed by his sons Shri Kamalnayan Bajaj, Ramakrishna Bajaj, and further by his grandson Shri Rahul Bajaj; who are responsible for blossoming the Group and nurtured it to the marvelous stature that it occupies today.

    All You Need to Know About Bajaj

    Bajaj started its business by setting up a sugar factory in Lakhimpur Kheri of Uttar Pradesh, which was one among the only 30 sugar mills that established the endowment of the sugar industry in India. Today, Bajaj Hindusthan Sugar Ltd. is Asia’s number one sugar manufacturing company and ranks globally among the top four.

    Jamnalal Bajaj strongly believed that the common good was more important than individual gain.

    Flagship Companies of Bajaj Group

    Bajaj Auto Ltd.

    Bajaj Auto manufactures two-wheelers and three-wheelers and is headquartered in Pune, Maharashtra.

    Bajaj Auto Ltd.
    Bajaj Auto Ltd.

    In 1945, Bachraj Trading Corp. Pvt.Ltd., now known as Bajaj Auto Ltd. was founded. Its activity was focused on the selling of foreign motorcycles and auto-rickshaws on the territory of India. In 1959, it was licensed by the government to manufacture two-wheelers and three-wheelers in India. Rahul Bajaj, the son of Kamalnayan Bajaj, later became the head of the Bajaj group in 1965.

    Since the year 1995, Bajaj has manufactured more than a million vehicles per year. Nowadays, Bajaj sells its motorcycles, bajaj automobiles, and auto-rickshaws in more than 50 countries of the world and it can compete on the market due to the low prices for its vehicles.

    Bajaj Allianz Life Insurance Co. Ltd

    Bajaj Allianz Life Insurance is a private general insurance company by Bajaj Group. It is a joint venture between Bajaj Finserv Limited and Allianz SE, a German financial services company; where Bajaj Finserv Limited holds 74% and the remaining 26% is held by Allianz SE.

    Bajaj Allianz Life Insurance Co. Ltd
    Bajaj Allianz Life Insurance Co. Ltd

    In 2001, Bajaj Allianz General Insurance received an Insurance Regulatory and Development Authority of India (IRDAI) certificate of registration which allowed it to conduct general insurance business, including health insurance, in India.

    In January 2014, the company announced it would open up all-women branches.

    Bajaj Finserv Ltd.

    Bajaj Finserv Limited is a part of Bajaj Holdings & Investments Limited. It is a financial services company by Bajaj which focuses on lending, asset management, wealth management, and insurance. It is a consumer-focused company that emphasizes profitable growth and operational efficiency to deliver the best results to all its stakeholders.

    Bajaj Finserv Ltd.
    Bajaj Finserv Ltd.

    Bajaj Finserv won the CIO 100 Innovation Award for two innovations – EMI Card and Flexisaver, for exemplifying the highest level of operational and strategic excellence in information technology (IT).

    Bajaj Electricals Ltd.

    Bajaj Electricals is an Indian consumer electrical equipment manufacturing company based in Mumbai, Maharashtra. It has diversified with interests in lighting, luminaries, appliances, fans, LPG-based generators, engineering, and projects. Its main domains are lighting, consumer durable, engineering, and projects.

    Bajaj Electricals Ltd.
    Bajaj Electricals Ltd.

    It was incorporated on 14 July 1938 under the Indian Company Act, 1913 as a public company limited.

    Bajaj Finance Ltd.

    Bajaj Finance is a bajaj group subsidiary of Bajaj Finserv. It is a non-banking financial company that deals with Consumer Finance, SME (Small and Medium-sized Enterprises) and Commercial Lending, and Wealth Management. The company has 294 consumer branches and 497 rural locations with over 33,000+ distribution points, with headquarters situated in Pune, Maharashtra.

    Hercules Hoists Ltd.

    Hercules Hoists is a manufacturer of material-handling equipment. The company sells its products under the brand name Indef.

    Bajaj Hercules Hoists Ltd.
    Bajaj Hercules Hoists Ltd.

    Incorporated in the year 1962 with technical and financial collaboration from Heinrich de Fries GmbH, Germany; it is a Small Cap company (having a market cap of INR 304.80 Crore) operating in the Industrial Consumables sector.

    Hind Musafir Agency Ltd.

    Hind Musafir Agency Ltd.
    Hind Musafir Agency Ltd.

    Hind Musafir Agency Ltd. (HMA) is a full-service, IATA-certified travel agency. A part of the Bajaj Group of companies, it is in the business with over 50 years of experience. HMA is also recognized by the Department of Tourism (DOT) India and is a member of “The Travel Agents Association of India” (TAAI) and “Pacific Asia Travel Association” (PATA). HMA has also placed a strong IT backbone with an AMADEUS-enabled system for online Air Bookings.

    Mukand Ltd.

    Mukand Limited is a multi-division company involved in the business of Manufacturing Steel and Industrial Machinery. Incorporated in 1937 in Mumbai, it manufactures stainless steel, alloy steel, stainless steel billets, exporter of hot-rolled bars.

    Mukand Ltd.
    Mukand Ltd.

    Today, Mukand Limited is a leading supplier of alloy steel to the automobile and auto component industry and a leader in the manufacture of high-grade stainless steel in India.

    Bajaj Holdings and Investment Ltd.

    Bajaj Holdings and Investment Ltd. is a non-banking financial company that is primarily an investment company. The Company focuses on generating long-term capital appreciation. It also provides strong financial, managerial, and operational support to its group companies. Bajaj Auto Holdings Ltd. is a subsidiary of the Company. It is headquartered in Pune.

    Bajaj Holdings & Investment Ltd.
    Bajaj Holdings & Investment Ltd.

    Corporate Social Responsibility(CSR) of Bajaj Group

    The CSR Policy of Bajaj Group involves various welfare activities that are guided by the concept of trusteeship in business. It is the group’s philosophy that the true and full measure of growth, success, and progress lies beyond the balance sheets or conventional economic indices.

    The social and welfare objectives of the Bajaj Group are being fulfilled through the many Trusts and Foundations it has established spending up to 100 million (US$1.4 million) every year.

    The major CSR areas of Bajaj Group are Health, Women Empowerment, Education, Rural Development, Environment & Natural Resources and, Self- Reliance.

    Conclusion

    For Indian society, Bajaj Group is more than a corporate identity. It is an incentive for social empowerment. It offers an extensive range of products and services, now standing tall in the Corporate World.

    Bajaj Group – FAQs

    Who is the founder of the Bajaj company?

    Jamnalal Bajaj is the founder of the Bajaj company.

    When was the Bajaj company founded?

    The Bajaj company was founded in 1926.

    Is Bajaj an Indian Company?

    Yes, Bajaj is an Indian conglomerate founded by Jamnalal Bajaj an Indian freedom fighter.

    Who is the chairman of Bajaj Group?

    Rahul Bajaj is the chairman of Bajaj Auto. Rahul’s grandfather Jamnalal Bajaj founded the Bajaj Group in 1926 and his father Kamalnayan Bajaj succeeded him in 1942.

    How many companies are there in the Bajaj group?

    There are 34 companies in the Bajaj group including Bajaj Auto Ltd, Bajaj Holdings and Investments Ltd, Mukand Ltd, Bajaj Electricals Ltd, Bajaj International Pvt. Ltd, Bajaj Allianz General Insurance Pvt. Ltd and Bajaj Finserv Ltd.

    Is Bajaj Finance good for long-term investment?

    Bajaj Finance offers an interest rate that is higher than that offered by most FD providers. This makes it ideal for you to invest in Bajaj Finance Fixed Deposits for long-term benefits.

    Is Bajaj FD safe?

    Bajaj Finance FD carries FAAA rating by CRISIL and MAAA rating by ICRA, which indicate the highest safety for your capital. These ratings imply a safe investment environment and ensure that you get your returns in a timely manner, without any default on the part of the issuer.

  • Bajaj Finserv – Learn How To Manage Money Effectively

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by the organization it is based on.

    Finance is a word which everybody has come through and will be going through for perhaps ages also. People love money, love to become rich but most of them don’t know how to manage money. It’s not about hope, but it’s all about proper management.

    Read the Bajaj Finserv success story below.

    Bajaj Finserv – Company Highlights

    Company Name Bajaj Finserv
    Headquarters Pune, India
    Sector Finance
    Founder Jamnalal Bajaj
    Founded May 2007
    Parent Organization Bajaj Group
    Website bajajfinserv.in

    Bajaj Finserv – About
    Bajaj Finserv – Startup Story
    Bajaj Finserv – Founder And Team
    Bajaj Finserv – Business Model
    Bajaj Finserv – Revenue Model
    Bajaj Finserv – Investments
    Bajaj Finserv – Growth
    Bajaj Finserv – Competitors
    Bajaj Finserv – Future Plans
    Bajaj Finserv – FAQ’s
    Bajaj Finserv – Conclusion

    Bajaj Finserv – About

    Bajaj Finserv is a popular firm in the marketplace for loans and money building. It fulfils the dreams of the common people. It provides all types of loans such as personal, home, business loans, etc. It is also engaged in life and general insurances.

    Bajaj Finserv – Startup Story

    Bajaj Finserv Logo

    The company began in April 2007. It was the resultant of the demerger from Bajaj Auto Limited as a separate element to completely focus on the financial services business. The process got completed in February 2008. This was done not only to unlock the value of the business growth in the areas of finance, insurance, etc. but also to strengthen the core businesses. This demerger has facilitated the investors to hold separate stocks and transparent benchmarking of the companies in their respective industries. The constantly changing Indian economy has led to the creation of different customer requirements.

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    Bajaj Finserv – Founder And Team

    Jamnalal Bajaj, Founder, Bajaj Group

    Jamnalal Bajaj is the founder of the company. He is an industrialist. He is the founder of the Bajaj Group of companies. He was very close to Mahatma Gandhi. He was born in 1889, near Rajasthan in a well-to-do Marwari family. He was the third son of his parents. Later, he was adopted and got settled in Maharashtra. After adoption, he was into the family business. During that period, he gained the qualities of a skilled tradesman, bookkeeping and selling and buying of commodities. With time he improved in his task and founded the Bajaj group of industries.

    Bajaj Finserv – Business Model

    The company especially focuses on insurance, lending, asset and wealth management. Apart from this it also focuses on it’s existing customers. The company considers sustainability to be a very important aspect. Satisfying customers is the main task of the company. This results in a recommending thing. The more customers are satisfied the less the company worries about achieving new customers. It aims at continuous improvement, change and reinvention. Detailing of the loans and all kinds of facilities are accessible within their portal. Creation of trust is a kind of obsession for the company.

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    Bajaj Finserv – Revenue Model

    The company earns money by attracting a large number of customers with zero cost EMI schemes. But in reality, there’s always a thing called processing fee which works behind the entire procedure. In case of any late payment, interest can go up to 35 to 40% a year. It also provides various offers to its customers to create a large database. It is done to ensure greater sales. Tie-ups lead to a big amount of revenue income.

    Bajaj Finserv – Investments

    Bajaj Finserv has made 3 investments till date.

    Date Organization Name Transaction Name Money Raised
    December 21, 2019 Karvy Data Management Corporate Round –
    October 5, 2019 Federal Transport Private Limited Debt Financing $28,000
    August 3, 2017 MobiKwik Series D Rs 2.3 billion

    Bajaj Finserv – Growth

    There’s a continuous growth seen in the records of the company. Of the total income in September the quarter rose to INR 6,609.34 crores from INR 4,632.81 crores in 2018. Interest income grew by 37.62%. The amount increased from 4,465.61 crores to 6,145.97 crores. Commission income and fees also increased. It jumped from INR 259.36 crores to INR 628.37 crores. Revenues from the insurance business grew to INR 7,904.85 crores from INR 5,403.69 crores.

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    Bajaj Finserv – Competitors

    The top competitors of the company are IDFC FIRST Bank, Shriram City and Mahindra Finance.

    • IDFC FIRST Bank is the top rival of Bajaj Finserv. It was founded in 2015 and is headquartered in Mumbai, Maharashtra, India. It is a Public company. It works within the Diversified Financial Services industry.
    • Shriram City is also one of the top rivals of Bajaj Finserv. It was founded in 1986 and is headquartered in Chennai, Tamil Nadu, India. It competes in the Diversified Financial Services field.
    • Mahindra Finance is one among the top competitors of Bajaj Finserv. It is headquartered in Mumbai, Maharashtra, India. It works in the Diversified Financial Services field.

    Bajaj Finserv – Future Plans

    The insurance business witnessed a pickup in activities currently. The company is aiming towards improving the asset quality of the business and the earnings growth. Product innovation is also being expected to keep the insurance business healthy.

    Bajaj Finserv – FAQ’s

    How can I talk to a Bajaj Finance customer care executive?

    You can reach us on 8698010101 (call charges applicable) for your loan and EMI Network Card-related queries. If you are calling from a non-registered mobile number, please keep your 7-digit customer ID or EMI card number handy for verification.

    Is Bajaj FD safe?

    Your savings are safe with a Bajaj Finance online FD, which is accredited with the highest safety ratings of FAAA by CRISIL and MAAA by ICRA. These high ratings indicate the highest safety of deposit and timely repayments.

    How can I get a 50000 instant loan?

    Meet urgent funding requirements with an instant personal loan of 50,000 Rupees from Bajaj Finserv. Fulfill minimum eligibility criteria and complete a hassle-free application process to receive instant approval and quick disbursal of INR 50,000 loan. Avail of the advance without providing any collateral.

    How can I check my Bajaj EMI card eligibility?

    Firstly, the eligibility criteria require you to be between 21 and 60 years of age with a steady income and a good credit history. You should also have a residential address and a bank account in India. After this quick check, you can instantly sign up for the Bajaj Finserv EMI Card if you are eligible.

    Is Bajaj Finance good investment?

    Though company fixed deposits come with some risk, Bajaj Finance FDs ensure that you have nothing to worry about. They carry the highest credit ratings of FAAA by CRISIL and MAAA by ICRA. These ratings indicate that your investment is safe and that you will receive the maturity returns on time and in full.

    Bajaj Finserv – Conclusion

    Bajaj Finserv is a company that approves loans and funds in accounts within 24 hours. It is a part of Bajaj Holdings & Investments Limited. It is a financial services company. It especially focuses on insurance, lending and asset and wealth management.

  • List of all the Subsidiaries of Bajaj Group

    Bajaj group is one of the oldest, largest and one of the most renowned Indian conglomerate company. Bajaj group was founded in 1926 by Jamnalal Bajaj during India’s movement towards independence.

    The journey of Bajaj group started ninety years back with establishing a sugar factory in Lakhimpur Kheri, Uttar Pradesh. Now the company is amongst the top ten business houses of India.

    The chairman of Bajaj Group is Rahul Bajaj and has its headquarters based in Mumbai, Maharashtra. The company comprises of 40 companies as it has its footprint in many different industries such as spanning automobile, home appliances, lightning, iron & steel, insurance, travel and finance. The Bajaj group aims to cater the diverse needs of their consumers and add value with their innovation and vision.

    The Bajaj group has become so successful for more than 10 decades because of its subsidiaries like Bajaj Auto, Bajaj Finserv Ltd, Hercules Hoists Ltd, Bajaj Electricals, Mukand Ltd, Bajaj Hindusthan Ltd And Bajaj Holding & Investment Ltd, Etc.

    Bajaj Auto is currently ranked as the fourth largest two and three wheeler manufacturer in the world. Bajaj is popular brand in countries of Latin America, Africa, Middle East and South East Asia.

    The company has so far helped in the growth of many industries and upliftment of millions across the country. Under the guidance of Rahul Bajaj, the Bajaj Auto went from being Rs 72 million company to a Rs 120 billion company. Currently, the Bajaj Group has 90 plus years of experience with a market capitalization of Rs. 3.9 trillion as of 2018 and over 36,000 plus employees worldwide.

    A brief history of Bajaj Group
    The subsidiaries of Bajaj Group
    Frequently Asked Questions

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    A brief history of Bajaj Group

    The Bajaj Group of companies was founded by Jamnalal Bajaj in 1926 during the freedom struggle of India. Jamnalal Bajaj was also a known freedom fighter during the Indian independence and also a close confident of Mahatma Gandhi. In 1931 Jamnalal started a sugar factory in Lakhimpur Kheri of Uttar Pradesh which later becomes a flagship company of Bajaj group (renamed as Bajaj Hindustan Ltd in 1988).

    In 1954 the eldest son of Kamalnayan Bajaj took over the management of Bajaj Group, after completing his education in University of Cambridge. Kamalnayan Bajaj is responsible for expanding the business into the sectors of scooters, two and three wheeler, cement, steel and electrical appliances. The Bajaj Auto earlier known as Bachraj Trading Corp was founded in 1945.

    The history of Bajaj Group

    By 1948, Bajaj Auto has started its sales in the country by importing two and three wheelers. After the death of Kamalnayan Bajaj, his younger brother Ramkrishna Bajaj. Ramkrishna’s concentrated more towards social service and social welfare programmes of Bajaj Group. By 1965, Rahul Bajaj took over the business as the chairman and managing director of Bajaj Group.

    At that time, were many rules and regulation in India which is why the company was restricted to only producing 20,000 units a year. This created a gap between the demand and supply, Rahul Bajaj ignored the restrictions to increase its productions, reduce its cost in order to create what we now know as a beloved Indian brand.

    Under his leadership the company got into many selective international markets, and launched products that redefined entire categories in the market. In the 2000s, the company witnessed split’s as Rahul’s brother Shishir Bajaj, as they went their separate ways with Bajaj Hindustan and Bajaj Consumer Care. Bajaj group has revenue of more than Rs. 50,000 crore and is comprised of 40 companies all of them are managed independently by family members.

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    The subsidiaries of Bajaj Group

    Bajaj Auto Limited

    Bajaj Auto Limited is an Indian multinational two and three wheeler manufacturing company that has its headquarters in Pune, Maharashtra. The company is known to be the third largest manufacturer of motorcycles in the world and the second largest in India. Bajaj Auto is now a global behemoth thanks to the efforts of Rajiv Bajaj who steeped to become its Managing director in 2005.

    Bajaj Auto is popular for its motorcycles, scooters, auto rickshaws and a pioneer for introducing the first ever Quadricycle, Qute in India. The automobile company has manufacturing plants in Chakan in Maharashtra, Waluj and Pantnagar in Uttarakhand. In 2020, Bajaj Auto reached a market capitalization of $13.6 billion, making it the most valuable two wheeler company in the world.

    Bajaj Auto popular three wheeler
    Bajaj Auto popular three wheeler

    The most well-known vehicle of the Bajaj Auto is the Pulsar range of bikes which revolutionized the two wheeler market in the country as it was affordable and reliable. In 2007, Bajaj Auto went on to acquire KTM an Austrian company, which became the fastest growing motorcycle brand of the country in 2018 because of its Duke range of bikes. Bajaj Auto exports to 70 plus countries and has a significant share of revenue come from exports.

    Export share for Bajaj Auto FY 2020 by region
    Export share for Bajaj Auto FY 2020 by region

    Currently, the company offers a total of 18 bikes including 17 new bikes in India alone, out of which 3 are cruiser bikes, 10 commuter bikes, 3 sports bikes and 1 scooter. By 2021, Bajaj has got a total of 660 dealerships spread across 408 cities of India. In the year of 2018 to 2019, the company sold five million vehicles with the highest ever 1st turnover of Rs. 31,899 crores and over 2 million sales unit to over 79 countries.

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    Mukand Limited

    Mukand Limited is a Bajaj subsidiary that manufactures stainless steel and iron products, steel castings, steel structures, alloy steel and stainless steel billets and also an exporter of hot rolled bars.

    The company also manufactures Electrical Overhead Travelling (EOT), port equipment, process plant equipment for ferrous and non-ferrous industries and other cranes such as the country largest crane which has a capacity of 80 tons.

    about Mukand Limited

    The company was established by Seth Mukand Lal in 1929 in Lahore.  It wasn’t until 1989 that it was acquired by Bajaj Group. Mukand Ltd has a steel manufacturing and rolling capacity of more than 500,000 metric tons per year.

    It also produces over 400 different products that are specially engineered for clients across the world. The company is a leader of steel technology in India because of its use of advanced technology, sustainable in house research and development.

    Mukand is a pioneer in the industry because it was the first in India to successfully adopt the vacuum oxygen technology for manufacturing of stainless steel and also the fourth in the world to introduce the continuous cooling system for wire rods.

    In 2013 and 2018, the company formed joint ventures with Sumitomo Corporation of Japan. Mukand Sumi Special Steel Limited and Mukand Sumi Metal Processing Ltd are the two joint ventures between the two companies.

    Bajaj Electricals Limited

    Bajaj Electricals is an Indian consumer electrical equipment manufacturing company. This company that has its headquarters Mumbai, Maharashtra and is among the most trusted and well respected company with an experience of more than eight decades.

    The company is a leader in the industry of electronic consumer products and is known for its products in lighting (lamps, tubes and bulbs), luminaries, appliances, fans and LPG based generators.

    The Bajaj electrical home appliances
    Bajaj electrical home appliances

    It also has a strong presence in home appliance and cookware segments with brands like Morphy Richards and Nirlep. Bajaj Electricals also offer services in engineering and these projects usually include transmission line towers, telecommunication towers, high mast, poles, projects in wind and solar energy. This company has 19 branch offices, with more than 1000 distributors and 4000 authorized dealers across the country.

    It also has its products in over 400,000 retail outlets and 282 Customer Care centers. So far its highest turnover was Rs 6,744 crore in the FY 2018 to 2019. Bajaj Electricals has set up its offices in countries of Africa, Middle East and China and is also continuously expanding its global footprint.

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    Bajaj Finserv Limited

    Bajaj Finserv Limited is an Indian financial services company that provides services like lending, asset management, wealth management and even insurance. The company has more than 20,154 employees that are working in more than 1,409 locations and focuses on consumer finance business, life insurance and general insurance.

    According to the Economic Times, Bajaj Finserv is ranked 119 in the Economic times 500 list of 2014. The company is also listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Apart from providing financial services the company also is also known for its services in the wind energy generation with a capacity of 65.2 MW.

    Bajaj Finserv was earlier the financial wing of the Bajaj Auto, but the company demerged from Bajaj Auto in 2007. The company offers a wide variety of financial services for multiple needs, Investment and saving options, asset protection through general insurance, family protection and income protection provided under the life, health insurance, retirement and savings solutions.

    analysis of the companies of Bajaj Group 

    Bajaj Hindusthan Sugar Limited

    Bajaj Hindusthan Sugar Ltd is another major subsidiary of Bajaj Group. The company is known for being the number one sugar and ethanol manufacturing company which is headquartered in Mumbai, Maharashtra. It is also the largest sugar producer of the country. Bajaj Hindusthan is the country’s largest ethanol producer as it produces more than 38 million liters of ethanol per year.

    The company’s main sugar manufacturing plants in Gola Gokarannath and Palia Kalan in the Terai region of Uttar Pradesh which is rich in producing sugarcane. The Chairman of Bajaj Hindusthan Ltd is Kushagra Bajaj. BHSL is one of the first companies that was established by Jamnalal Bajaj in 1931, which was renamed in 1988 to Bajaj Hindusthan Sugar Limited.

    The company so far has over 14 manufacturing plants Golagokarannath, PaliaKalan, Khambarkhera, Barkhera, Kinauni, Gangnauli, Thanabhavan, Budhana, Bilai, Maqsoodapur, Pratappur, Rudauli, Kundarkhi and Utraula all in the state of Uttar Pradesh. The sugarcane crushing capacity of all these plants is 136,000 tons per day and a distillery capacity to produce 800,000 Lt of alcohol per day.

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    Hercules Hoists

    Another Bajaj Group subsidiaries which is a leader in an industry is Hercules Hoists known for the hoisting technologies. The company provides services such as Lifting, moving, storing which include Mechanical hoists, electric chain hoists, wire rope hoists, EOT/HOT cranes, light rail crane, ergonomic handling solutions, and floor operated stackers among others.

    So whether it is mechanical or electrical, the company will help their clients with hoisting and premium products. Hercules Hoists became a part of Bajaj group in 1962 and was made in collaboration with Heinrich de Fries from Germany.  The company has so far also helped develop other brands such as INDEF, Stier, iCRANE, iSTACKER in order to support the market for specialized products.

    Hercules Hoists has its corporate offices in Belapur, Khalapur and Chakan and sales office in Pune, Delhi, Kolkata and Chennai. The company also has a vast outreach with 50 Authorized Business Partners and close to 100 Authorized Retailers in the country.

    Frequently Asked Questions

    What does Bajaj group do?

    Bajaj Group is an Indian multinational conglomerate that provides services in sectors of Automobile, Financial services, Home appliance, Electrical appliances, Insurance, Manufactures iron and steel products, etc.

    What are the subsidiaries of Bajaj group?

    The subsidiaries of Bajaj group are Bajaj Auto Limited, Mukand Limited, Bajaj Electricals Limited, Bajaj Finserv Limited, Bajaj Hindusthan Sugar Limited and Hercules Hoists among others.

    Who is the chairman of the bajaj group?

    The chairman of the Bajaj group is Rahul Bajaj.

    Where is the headquarters of Bajaj Group?

    The headquarters of Bajaj Group is in Mumbai, Maharashtra.

    Conclusion

    Bajaj group is one of the largest, oldest and respected conglomerate in India, with a market capitalization of Rs 3.9 trillion. The company started more than 9 decades and is a leader in the sectors of Automobile, Financial services, Home appliance, Electrical appliances, Insurance, Manufacturing iron and steel products. With the success of every individual subsidiary under it the company is sure to grow bigger.