The standalone quarterly numbers for Mukand Limited: Net Sales at Rs. 789.73 crore in June 2021 up 158.7% from Rs. 305.27 crore in June 2020. Quarterly Net Profit at Rs. 7.92 crore in June 2021 up 107.77% from Rs. 101.99 crore in June 2020. EBITDA stands at Rs. 44.50 crore in June 2021 up 212.15% […]
The Bajaj Group companies have brought the shares of Mukand Limited worth Rs. 353 crore. The four Bajaj Group companies that have bought the shares of Mukand include Bajaj Sevashram Private Limited, Bachraj & Company Private Limited, Bachraj Factories Private Limited and Sanraj Nayan Investments Private Limited. For more info read the full article.
CitiusTech, a leading provider of healthcare technology services, solutions, and platforms, won the 2021 IMC MQH Best Practice Competition Trophy in the Service Category from the IMC Ramkrishna Bajaj National Quality Award (RBNQA) Trust. Maya Desai, Director, IMC RBNQA Trust, said, ‘”We at the IMC RBNQA Trust are proud to have CitiusTech as the winner […]
The Competition Commission of India (CCI), on July 20th, approved the acquisition of certain equity shareholding of Mukand Ltd by Bajaj Group entities. The proposed transaction envisages the acquisition of up to 16.57 percent of the equity share capital of Mukund by the acquirers – Bajaj Sevashram Pvt Ltd, Bachhraj and Company Pvt Ltd, Bachhraj […]
Mr. Niraj Bajaj was conferred with the “Mumbai Ratna Award” at a ceremony in Raj Bhavan Mr. Niraj Bajaj is amongst India’s most influential businessmen. He is Chairman at Bajaj Auto Ltd., Vice Chairman with Bajaj Holdings and Investment Ltd., and Chairman & Managing Director at Mukand Ltd. His career spans more than 35 years. […]
Focus on premiumization and exports have helped Bajaj Auto to outperform the two-wheeler sector. In Domestic Business, Premium bikes hold ground, where the company witnessed a fundamental change in urban India’s approach as purchases of KTM bikes continued to strengthen in performance. The Domestic three-wheeler segment saw muted volumes due to a hit by the […]
The Bajaj Group joined the list of family-promoted business houses that have hit a market cap of $100 billion — the fourth to do so. The others include Tata, Reliance, and an entrant this year, the Adanis. For more info read the full article.
Bajaj Allianz General Insurance and Bank of India have entered into a corporate agency agreement under which the bank will distribute the general insurer’s products through its network of branches and some other facilities across the country. Bajaj Allianz General Insurance MD and CEO Tapan Singhel said ‘the tie-up with Bank of India provides an […]
Mr. Sanjiv Bajaj, Chairman and Managing Director at Bajaj Finserv, elaborates on How to reboot the Indian Economy and the future of Bajaj Finserv to ET Now. He said, “Bajaj Fin started off as an NBFC, but we leverage tech more than most Fintechs, will see next avatar of Bajaj Fin in Q3 (Sept-Oct 2021), […]
Bajaj Auto reported 114 percent growth in its total vehicle sales at 2,71,862 units in May 2021 compared to 1,27,128 units that occurred the same month last year. The total domestic sales logged 52 percent growth at 60,830 units compared to 40,074 units sold in May 2020, while the total exports spiked 142 percent to […]
Bajaj Finserv Ltd announced a comprehensive family assistance program named “Together as One” to extend support and financial assistance to families of employees who have passed due to the Covid-19 pandemic. The program aims to provide financial aid to the families of deceased employees by supporting their children’s education till graduation, extended medical insurance coverage, […]
Bajaj Auto has announced a slew of measures to help its employees in these tough times amid the second wave of the Covid-19 pandemic. The automaker has said that it will provide monetary support to the families of its employees for up to two years in case of death due to Covid-19. In the Linkedin […]