Bajaj Group Celebrates 100 Years of Contribution to India's Growth
Bajaj Group turns 100: PM Modi lauds a century of nation-building efforts
Business Standard
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The Bajaj Group, a major player in India's auto and financial sectors, celebrated its centenary on Monday. Prime Minister Narendra Modi praised the group's significant role in nation-building, job creation, and community development, emphasizing its historical commitment to social values and innovation.
- 01Bajaj Group was founded in 1926 in Mumbai by Jamnalal Bajaj.
- 02The group has a market capitalization of $148 billion and employs 130,000 people.
- 03Prime Minister Modi highlighted the group's contributions to job creation and community development.
- 04The Bajaj family plans to enter the healthcare sector, led by Nirav Bajaj.
- 05The group exports to over 100 countries and impacts a third of India's population.
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The Bajaj Group, established in 1926 by Jamnalal Bajaj in Mumbai, celebrated its 100th anniversary on Monday. Prime Minister Narendra Modi commended the group's historical contributions to nation-building, emphasizing its role in job creation, innovation, and community support. With a market capitalization of $148 billion and approximately 130,000 employees, the group has diversified interests spanning auto, financial services, consumer electricals, and engineering. During the centenary event in central Mumbai, Niraj Bajaj, chairman of Bajaj Auto, noted that India's journey towards self-reliance began much earlier, thanks to pioneers like his grandfather. The family also announced plans to venture into the healthcare sector, led by Nirav Bajaj, reflecting their commitment to societal welfare. Shekhar Bajaj, CMD of Bajaj Electricals, highlighted that true success should be measured by the positive impact on communities and values upheld, as the group looks forward to its next century.
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The Bajaj Group's expansion into healthcare could enhance access to medical services for underserved communities in India.
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