Niraj Bajaj, who is the nephew of Rahul Bajaj, has 35 many years of encounter in the market. He had joined Bajaj Auto in Sept, 2006.
Rahul Bajaj has reconciled since the chairman of Bajaj Car, one of the leading car firms in the united states. He will get replaced by Neeraj Bajaj, who is at the moment a no-executive director. Rahul Bajaj will phase down as no-executive director and chairman with effect from 30 Apr 2021. These details was given by the company inside an change submitting on Thursday.
82-year-old Rahul Bajaj has decided to leave the post citing age, according to the company’s statement. Rahul Bajaj, the company’s non-exec director, has been linked to Bajaj Automobile since 1972 as well as the Bajaj Selection of Businesses for the last five decades. He will stay in the function of a expert inside the firm following the table authorized this determination. Rahul Bajaj’s value is around $ 6.5 billion dollars.
A statement from the business said that Rahul Bajaj has contributed immensely to the success of the business and the group of people throughout the last several ages. Given his huge expertise and his experience, information within the pursuits of the company, and his position being an expert along with a tutor every so often, the Table of Directors appointed Rahul Bajaj as Chairman Emeritus from the Firm with outcome from 1 May, 2021.
Rahul Bajaj is the grandson of Native indian liberty mma fighter and sociable personnel Jamnalal Bajaj. Rahul has been doing his studies from Saint Stephens College in Delhi. They have also acquired a legislation degree from Regulation University or college of Mumbai.
Niraj Bajaj, who is the relative of Rahul Bajaj, can take within the position of chairman from the firm after that advancement. Niraj Bajaj is just about 67 years of age and has 35 several years of experience in this industry. In a job spanning more than 35 yrs, Niraj Bajaj has presented essential jobs in a lot of the businesses from the Bajaj Group of people. He signed up with the table of Bajaj Automobile Constrained in September, 2006. He has an MBA from Harvard Organization University in the usa. Also, he acts in the table of directors of Bajaj Allianz General and Life Insurance plan.