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Rahul Bajaj | 1938-2022: India Inc loses a voice that spoke without fear, for business and values

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3 years ago

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Rahul Bajaj | 1938-2022: India Inc loses a voice that spoke without fear, for business and values

A lion is resting now. Veteran industrialist Rahul Bajaj, who died Saturday at the age of 83, gave his corporate voice to business in a way no one else in Indian companies has ever been – and that’s how he spanned Indian industry like a giant for more than 50 years One of the many reasons for the layout.

After taking the helm of the Bajaj Group in 1965, Rahul, appointed by India’s first Prime Minister Jawaharlal Nehru, took the helm for four years and built a global manufacturing company before handing over the keys to the flagship Bajaj Auto in 2005 To son Rajiv Bajaj. During his lifetime, Rahul’s “Hamara Bajaj” not only evoked nationalism, but empowered and changed the lives of millions of middle-class Indians. If Bajaj ‘Sunny’ gave wings to young free-spirited girls in newly liberalized India, the company’s motorcycles have become a favorite among young Indians – because they foresee a demographic shift.
Today, the combined market capitalisation of the business empire comprising Bajaj Auto, Bajaj Finance, Bajaj Finserv and Bajaj Holdings and Investment Ltd is over Rs 8.4 lakh.
After PV Narasimha Rao bit the political bullet in 1991 and wrote the first chapter of India’s economic reforms, unlike several other big groups such as Modis, Mafatlals, Singhanias and Thapars, Bajaj took hold. While Rahul Bajaj did spearhead the formation of the Mumbai Club – a group of top industrialists including HS Singhania, Lala Bharat Ram and CK Birla at the time – demanding protection of domestic industry, he did not stop modernising. “He never lets these arguments get in the way of developing a globally competitive product,” noted Naushad Forbes, co-chairman of Pune-based Forbes Marshall and board director of Bajaj Holdings.
Prime Minister Narendra Modi offered his condolences, saying, “Shri Rahul Bajaj Ji will be remembered for his remarkable contributions to the business and industrial world. Apart from business, he was also passionate about community service and was an An excellent talker. Pained by his death. Condolences to his family and friends. Om Shanti.”
“He was a very unique person. He was both a competitor and a friend. He was also a friend of my father, who saw him as his guru. He was very clear about his values, right and wrong, a system builder. He not only established own company and a significant leader in the industry,” said Sunil Kant Munjal, Chairman of Hero Enterprise. “He didn’t hesitate to show a mirror to anyone, no matter what their stance, and he was a straight and fearless man,” he said.

Complete News Source : THE INDIAN EXPRESS

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Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise

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3 weeks ago

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October 10, 2024

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Virat Kohli pays tribute to Ratan Tata, Jay Shah ‘deeply saddened’ by veteran industrialist’s demise

Tributes continue to pour in for Ratan Tata, with Virat Kohli and Jay Shah taking to their social media accounts to bid farewell to the industrialist.

Former Indian captain and batting legend Virat Kohli paid a touching tribute to Ratan Tata, the legendary business tycoon, who passed away on Wednesday night. Tata, a Padma Vibhushan recipient, was undergoing treatment in intensive care since Monday but breathed his last in Mumbai, leaving a profound impact on many across the nation.

Kohli expressed his condolences through his Instagram account on Thursday morning, sharing a heartfelt message along with a photo of the late industrialist.

Tata’s contribution to business, society, and philanthropy has been widely acknowledged, and his passing marks the end of an era.

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The Board of Control for Cricket in India (BCCI) secretary, Jay Shah, also conveyed his sorrow, stating, “Deeply saddened by the loss of Shri Ratan Tata Ji. His leadership, integrity, and dedication to society set a remarkable standard for legacy. My heartfelt condolences to his loved ones. Rest in peace, Sir.” Shah’s words reflect the collective grief of a nation that has long admired Tata’s contributions to the country.

BCCI’s tribute

Additionally, the BCCI issued a statement about his demise.

“The BCCI expresses its deepest sorrow and joins the nation in mourning the passing of Shri Ratan Tata ji. His invaluable contributions across diverse fields have been instrumental in shaping India’s growth and success story.

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His extraordinary legacy, founded on the principles of passion, empathy, visionary leadership, innovation, and excellence, will continue to inspire and guide future generations for years to come,” the statement read.

Ratan Tata, born on December 28, 1937, in Mumbai, embarked on his journey with the Tata Group in 1962 as a young executive. Over the decades, he transformed the group into a global conglomerate. His work was acknowledged with India’s second-highest civilian honour, the Padma Vibhushan, in 2008, and he received numerous accolades, including honorary doctorates from prestigious institutions in India and abroad.

Tata is survived by his family, including brothers and sisters Simone Tata, Jimmy Tata, Noel Tata, Aloo Tata, Shireen Jejeebhoy, Deanne Jejeebhoy, Leah Tata, Maya Tata, Neville Tata, Manasi Tata, Jamset Tata, Tiana Tata, and others, as mentioned in a family statement.

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