The Jamnalal Bajaj Foundation was established in 1977, in the memory of Jamnalal Bajaj and since then the foundation has been promoting Gandhiji’s constructive programmes and honouring people who have aligned themselves with the Foundation’s philosophy and causes.
Maharashtra Scooters Limited becomes a subsidiary of Bajaj Holdings and Investment Limited
Mukand Sumi Special Steel Limited – a joint venture between Mukand Limited and Sumitomo Corporation, Japan – is setting up a new steel rolling facility by mid-2020 at an approximate cost of Rs 600 crore.
Bajaj Group becomes fourth biggest group in the country by market capitalisation. The market cap of the group was INR 3.77 lakh crore on 31-Dec-2018 as against INR 30,321 crore on 31-Mar-2007. The group is now the third largest group after the Tatas and Ambanis.
Consumer durables firm Bajaj Electricals bought iconic Non-stick cookware maker Nirlep Appliances. Launched in 1968, Nirlep was one of the first domestic firms to export to Europe.
Shishir Bajaj and his son Kushagra separate from the Bajaj group taking sugar and power business, Bajaj Hindustan Sugar and the Consumer Care Business.
Starlite Lighting Ltd. invites Bajaj Electricals limited as a strategic partner catapulting the former into a much bigger league and positioning Starlite amongst the leading players in the Lighting Industry.
Bajaj Finserv Ltd. was formed in April 2007 as a result of its demerger from Bajaj Auto Limited as a separate entity to focus purely on the financial services business of the group.
Bajaj Finserv’s insurance joint ventures Bajaj Allianz Life Insurance Co Ltd and Bajaj Allianz General Insurance Co Ltd is announced.
Mukand Ltd. buys stake in Hospet Steel Ltd. bringing the combined manufacturing capacity from its plants at Thane, Maharashtra and Hospet to 6 Itpa of special and stainless steel long products.
Mukand Construction and Project Engineering Company Private Ltd. The company is today known as Mukand Engineering Ltd.
Bajaj Auto Finance Ltd. is incorporated which specialises in hire purchase and lease finance primarily for Bajaj’s customers.