Bajaj Group

Bajaj Group

Founded in 1926 by Jamnalal Bajaj, the Bajaj Group is a premier Indian conglomerate based in Mumbai, originally established during the independence movement. Starting as a sugar manufacturer and trader, it diversified under Kamalnayan Bajaj into scooters, electricals, and finance. It is now a leading conglomerate with key entities like Bajaj Auto, Bajaj Finserv, and

Bajaj Electricals

.

Key Historical Milestones

• 1926 - Founding: Jamnalal Bajaj established Bachhraj Factories Pvt. Ltd. in Wardha, initially as a trading house.
• 1931 - Early Manufacturing: The group entered the manufacturing sector with the launch of Hindustan Sugar Mills.
• 1945 - Bajaj Auto: Incorporated on November 29, 1945, initially to import and sell scooters, three-wheelers, and motorcycles.
• 1950s/60s Expansion: Under Kamalnayan Bajaj, the group expanded into scooters, alloy castings, and electrical equipment. In 1959, it received a government license to produce Vespa scooters in collaboration with Piaggio.
• The Bajaj Auto Era: Under Rahul Bajaj’s leadership, the company grew into a household name and became one of the world's largest manufacturers of two- and three-wheelers.
• 2008 - Restructuring: A major demerger created a strategic holding structure, separating the businesses into

  Bajaj Holdings & Investment Limited (BHIL

  Bajaj Auto and Bajaj Finserv Group Structure and Core CompaniesThe Bajaj Group consists of about 40 companies with roughly 1,00,000 employees. The main pillars are:

• Bajaj Auto Ltd: Flagship company, a world leader in two- and three-wheeler exports.
• Bajaj Finance Ltd / Bajaj Finserv: A giant in consumer finance and insurance.
• Bajaj Electricals Ltd: Engaged in home appliances and lighting.
• Mukand Ltd: Involved in specialty steel and industrial machinery. [

Legacy and LeadershipFounded by a close confidant of Mahatma Gandhi, the group is known for its Gandhian principles of integrity and nation-building. Following the death of patriarch Rahul Bajaj in 2022, the group is currently guided by the family members and key leadership across its specialized subsidiaries.