‘Hamara’ Bajaj: The Secret Sauce
Today, Bajaj Group is among the leading conglomerates in the corporate world with a market capitalization of about Rs. 6,75,000 crores as of 30th June 2022. After the demise of Rahul Bajaj, a larger-than-life figure, the Bajaj Group is in a new phase of life. Rahul Bajaj had envisaged a business succession plan and ownership structure during the last phase of his life and implemented it through a Family Settlement Agreement (FSA) in 2018. A family council now takes care of the family’s as well as shareholders’ interests in the business.
The family has third, fourth and fifth generations working in the business. “We want to go on like this in the generations to come,” says Niraj Bajaj.
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