Pune : Rahul Bajaj, a veteran industrialist and former chairman of Bajaj Auto, passed away at the age of 83. In 1965, he took over the Bajaj Group. The industrialist was suffering from pneumonia as well as a heart problem. A month ago, he was admitted to the Ruby Hall Clinic.
Rahul stepped down as non-executive chairman of Bajaj Auto in April 2021, handing over the reins to his cousin, Niraj Bajaj. In 2001, Rahul Bajaj received the Padma Bhushan, the third-highest civilian honour. The industrialist passed away at 2.30 pm today.
Born on June 10, 1938, Rahul Bajaj was the chairman of the Bajaj Group for more than 40 years. Rahul Bajaj stepped down as chairman of Bajaj Auto in April of last year and was serving as the Chairman Emeritus of the company. In 2001, Rahul Bajaj received the Padma Bhushan, the third-highest civilian honour. During the 2006-2010 period, Bajaj was elected to the Rajya Sabha, India’s Upper House of Parliament. Rahul Bajaj stepped aside as managing director of the Group in 2005, and his son Rajiv took over.
In 1968, he became the Chief Executive Officer of Bajaj Auto, and in 1972, he was promoted to Managing Director. From 1979 to 1980, he was President of the Confederation of Indian Industry (CII) and the Society of Indian Automobile Manufacturers (SIAM). From 1986 to 1989, he served as Chairman of the old Indian Airlines, and from 1999 to 2000, he served as President of the CII for the second time.
