History of Bajaj Group
Founded in 1926 by the esteemed philanthropist Mr Jamnalal Bajaj, the Bajaj Group has emerged as a distinguished business conglomerate within the Indian corporate landscape, renowned for delivering exceptional products. Bajaj started its business empire under the name of Bachhraj Factories Private Ltd., operating cotton ginning and pressing factories in Guntur, Wardha, and various locations in Maharashtra.
Under its visionary leadership, the group has grown into the third-largest business group in India, boasting a robust market capitalisation of approximately ₹8,55,000 crores (equivalent to about US$ 105 billion) and a workforce of around 36,000 dedicated employees as of March 2023.
The multinational firm, characterised by its iconic tagline "Hamara Bajaj," is committed to instilling joy and satisfaction among its diverse customer base. The Bajaj Group encompasses a comprehensive portfolio of 40 companies spanning various industries.
Bajaj Group’s Sector Presence
The Group has diversified into a wide range of industries:
- Automobiles: Bajaj Group is a prominent player in the automobile industry through Bajaj Auto Ltd and Maharashtra Scooters Ltd.
- Finance: Bajaj Group has a strong foothold in the financial sector with entities like Bajaj Finance Ltd, Bajaj Finserv Ltd, and Bajaj Auto Finance Ltd.
- Home Appliances: Bajaj Electricals Ltd is a key component of the Bajaj Group, contributing to the home appliances segment.
- Lighting: The Bajaj Group extends its influence in the lighting industry through Hind Lamps Ltd.
- Iron and Steel: Mukand Ltd operates under the Bajaj Group, contributing to the iron and steel sector.
- Insurance: Bajaj Allianz General Insurance Company Ltd and Bajaj Allianz Life Insurance Company Ltd represent the Bajaj Group's significant presence in the insurance industry.
- Travel: Bajaj Group is engaged in the travel sector through Hind Musafir Agency Ltd
- Cranes: Hercules Hoists Ltd is a part of the Bajaj Group, specialising in the production of cranes.
- Sugar and Energy: Bajaj Hindusthan Sugar Ltd is involved in the sugar and energy sectors, contributing to the diverse portfolio of the Bajaj Group.
Key Personnel
- Jamnalal Bajaj, Founder-Bajaj Group
Jamnalal Bajaj (1889–1942) was an Indian industrialist and freedom fighter closely associated with Mahatma Gandhi. He played a vital role in the Indian independence movement, supporting the Indian National Congress and participating in the non-cooperation movement. As a leader of the Bajaj Group, he contributed to both business and philanthropy, leaving a lasting legacy.
- Rahul Bajaj, Ex-Chairman Emeritus
Rahul Bajaj (1938–2022) took over the Bajaj Group in 1965, leading Bajaj Auto's turnover growth from ₹7.5 crore to ₹12,000 crore. After stepping down in 2005, his son Rajiv became the managing director. In 2008, he orchestrated the split of Bajaj Auto into three units. Rahul Bajaj resigned as chairman of Bajaj Finserv in 2019 and stepped down as non-executive chairman of Bajaj Auto in 2021, assuming the role of chairman emeritus. He served in various leadership roles, including as CII president twice. Recognised with the Padma Bhushan in 2001, he received the CII President's Award for Lifetime Achievement in 2017.
How To Invest in Bajaj Group Stocks?
To invest in Group stocks via Angel One, follow these steps:
- Log in to your Angel One account.
- Click on the search icon and look for your desired Bajaj Group stock.
- Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type.
- To complete your transaction, click on the ‘Buy’ button.
You can track the purchase status from the ‘Positions’ section in the ‘Orders’ module. Once the stock is delivered, you can track its gains and losses from your ‘Portfolio’.
