- Chair, Bajaj Group (Diversified)
Born Kolkata, India, 1938. Bachelors, University of Delhi (1958); MBA, Harvard Business School (1964).
“We were in a socialist raj. You couldn’t make anything until you got an industrial license and you couldn’t make more than the license capacity.”
Rahul Bajaj discusses the origins of his family business, including the close association with Mahatma Gandhi, and how he led Bajaj Auto to great success with the iconic three wheel scooter. This was achieved despite the “socialist raj” era in India between the 1950s and 1980s, when the delivery period for a Bajaj scooter could be ten years because the company was not allowed to increase capacity. Later, Bajaj discusses the public disagreement with his son Rajiv who decided to stop manufacturing scooters in 2009 while transitioning into motorcycle manufacturing. The interview concludes with incisive insights on corporate responsibility and philanthropy.