Bajaj Family Ranks #10 on Forbes India’s 2024 Richest List
Forbes has unveiled its 2024 “India’s 100 Richest” list, revealing that the collective wealth of the country’s tycoons has exceeded a staggering trillion dollars. The list compiled using shareholding and financial information from families, individuals, stock exchanges, analysts, and regulatory agencies, highlights the significant financial influence of some of India’s most prominent business figures. It also includes foreign nationals with ties to India, whether through business or residence.
At #10 on this prestigious list is the Bajaj family, with a net worth of $23.4 billion. The family controls the esteemed Bajaj Group, a conglomerate with a legacy spanning 98 years. Previously chaired by the late Rahul Bajaj, who passed away in 2022 at the age of 83, the family’s fortune is now shared among his cousins—Shekhar, Madhur, and Niraj—and his sons, Rajiv and Sanjiv. Rajiv, the older son of the late patriarch, serves as Managing Director, while Niraj is the Chairman. Meanwhile, Bajaj Finserv is led by Sanjiv, the younger son of Rahul Bajaj.
The Bajaj family’s extensive portfolio encompasses a diverse range of sectors, including motorized two and three-wheelers, home appliances, electric lamps, wind energy, special alloys, stainless steel, cranes, material handling equipment, travel, and various financial services such as general and life insurance, consumer finance, housing finance, and asset management. This wide array of products and services underscores the Bajaj family’s influential position in India’s corporate landscape, solidifying their status as one of the nation’s leading business dynasties.
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