Home Run and a Bit of Retail
The decision of Mr. Rahul Bajaj, The Bajaj Group Chairman, to convert its two-wheeler lending subsidiary into a full-fledged non-banking finance company (NBFC) was a turning point in the fortunes of the 94-year-old group.
The financial services of Bajaj Group have crossed market capitalization of around Rs. 3 lakh crore.
Mr. Rahul Bajaj, In his letter to shareholders in the 2020 annual report, said, “There is no doubt that business will be difficult in the first half of the year – especially so in the first quarter with April 2020 being fully under lockdown. However, your management believes that things may pick up in the second half. In any event, it has sufficient surplus liquidity to deal with the crisis.”
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