Mr. Bajaj was the recipient of many awards, including the Padma Bhushan from the Government of India and honorary doctorates from six universities. He has a BA (honours) in economics, a law degree from Mumbai University and an MBA from Harvard.
Mr Bajaj was a former member of the Rajya Sabha (Upper House of Indian Parliament), former chairman of Indian Airlines and former chairman of the board of governors of the Indian Institute of Technology, Bombay. He is also a former chairman and member of the International Business Council, World Economic Forum; a former member of the South Asia advisory board of Harvard Business School and a former member of the International Advisory Council of the Brookings Institution in Washington, DC.
Mr. Bajaj led the CSR activities of the Bajaj Group of companies and charitable trusts including Jamnalal Bajaj Foundation.