Jamnalal Bajaj, who was the founder of the group, was a close confidant and disciple of Mahatma Gandhi. In fact, Gandhiji had adopted him as his son. The deep involvement in the independence movement did not leave Jamnalal Bajaj with much time to spend on his newly launched business venture. His son, Kamalnayan Baja, took over the reigns of business in 1942. He too was close to Gandhiji and it was only after Independence in 1947, that he was able to give his full attention to the business. Kamalnayan Bajaj not only consolidated the group, but also diversified into various manufacturing activities.
The present Chairman of the group, Rahul Bajaj, took charge of the business in 1965. Under his leadership, the turnover of the Bajaj Auto the flagship company has gone up from INR.72 million to INR. 120 billion, its product portfolio has expanded and the brand has found a global market. He is is among India's distinguished business leaders and also internationally respected for his business acumen and entrepreneurial spirit.
Bajaj Auto is the flagship of the Bajaj group of companies. The group comprises of 34 companies and was founded in the year 1926.
The companies in the group are:
- Bajaj Auto Ltd.
- Bajaj Holdings & Investment Ltd.
- Bajaj Finserv Ltd.
- Bajaj Allianz General Insurance Company Ltd.
- Bajaj Allianz Life Insurance Co. Ltd
- Bajaj Financial Solutions Ltd.
- Bajaj Auto Finance Ltd.
- Bajaj Allianz Financial Distributors Ltd.
- Bajaj Auto Holdings Ltd.
CSR GUIDING PRINCIPLESThe concept of Corporate Social Responsibility is very much relatively recent. But the philosophy of social responsibility and commitment is only to give back to the society underlines the Bajaj way of conducting its businesses for a number of years now. The wide spectrum of most of the community development endeavors is undertaken by Bajaj Auto Ltd - embracing everything from health and education to women empowerment and more - has touched, and changed, many lives.
CSR Areas of the Bajaj Group
- Women Empowerment
- Self Reliance
- Rural Development
- Environment & Natural Resources
Some key initiatives which have facilitated for the learning environment at Bajaj Auto are:a) Individual based and Owned Learning - "I do it my way" - Employee develops one's own learning plan, based on mutually identified competency gaps, in present and aspired job in career path.
b) User friendly Learning Management Software - The company provides self-paced and location independent learning by offering 24X7 single window platform for all learning interventions like instructor-led training programs, E-learning modules and informal learning through communities.
c) Idea Management and Knowledge sharing - The company encourages its employees to explore the unknown and in the process, create value for the company.
BAJAJ AUTO BECOMES "BHARAT STAGE III" NORMS COMPLIANTIn early March 2010, Bajaj Auto Ltd. once again had demonstrated its commitment to green technology by achieving Bharat Stage-III norm compliance for its range of products-the first company to do so. The Bharat Stage III norms were notified by Government of India on recommendation by Dr R.A. Mashelkar committee for the control of pollution in the country and are applicable across all states.
Bajaj Auto achieved this much before the stated deadline of April 1st, 2010. Bajaj's patented technologies such as DTS-Si and the DTS-i have always been at the forefront of eco-friendliness due to their efficiency and much lowered emissions.