Wealth of close-knit clan is shared by patriarch Rahul Bajaj and cousins Shekhar, Niraj and Madhur. Five years after it gave up manufacturing its iconic scooters, family's motorcycle maker, Bajaj Auto, run by Rahul's son Rajiv, is mulling making them again to shore up market share. He's also planning new motorcycle models to take on market leader HeroMoto Corp.'s dominance in commuter bikes. Bajaj is awaiting Supreme Court approval to launch its new 4-wheel "quadricycle," which seeks to replace 3-wheel auto-rickshaws.
Rahul Bajaj recently remarked that the government's sheen is wearing off.
If a split in a family business has to happen, then it must be for the larger good of creating wealth for all stakeholders
Succession plans are not only important in a business; it's important to make a will or a power of attorney - whether you live in a nuclear or a joint family.
Jamnalal Bajaj’s family continues to live by the Gandhian’s beliefs: That philanthropy is as much about doing good for society as it is about following the principles of simplicity, integrity and hard work in one’s life
The beneficiaries of philanthropy by family businesses are largely restricted to the local community, with business families acting as if they were stewards in their communities
By putting in place a strong team and processes, bringing in clarity of vision and purpose, Bajaj Allianz Life Insurance clocked a 58 percent jump in business amid the pandemic
Making a successful product is often a case of being original in a new segment
An ideal business family is the one who understand that the survival of the business is important for the survival of the family