Bajaj Group was founded in 1926 in Mumbai. It was founded by Jamnalal Bajaj. It is an Indian multinational conglomerate, which is comprised of 40 companies. Its other notable group companies include Bajaj Consumer Care, Bajaj Finance, Bajaj Finserv, Bajaj Energy, Bajaj Electricals, Bajaj Ventures, Bajaj Hindusthan, Bajaj Healthcare, Mukand, and Bajaj Holdings & Investment. It is associated with automobiles, lighting, iron & steel, home appliances, travel, and finance as well.

Vision

Enhancing quality of life and bringing happiness with sustainability.

Objective

The main objective of the Bajaj Foundation is to act as a catalyst to support rural communities, and to build their capacity for efficient utilization of human and natural resources through a participatory approach, thereby improving the quality of their lives.

Founder - Jamnalal Bajaj

Jamnalal Bajaj was born in 1889 in Kashi Ka Bas, near Sikar, Rajasthan Rajasthan. He was the son of Kaniram and Birdibai and got involved in his family business. He acquired the skills of being a tradesman.

He had a deep interest in the lifestyle and principles of Mahatma Gandhi. He used to understand his vision and principles - Ahimsa and dedication to the poor. He was very much impressed by the simple lifestyle of Mahatma Gandhi and the routine of prayer in the ashram and hence brought his wife and children to live there. He joined the non-co-operation movement, and also participated in the flag satyagraha, but got detained by the British. He was also elected as a chairman of the reception committee for the Nagpur session of the INC. He was named the president of Gandhi Seva Sangha.

Business Model

Bajaj Group is one of the indigenous and multi-business companies in India, which has its headquarters in Mumbai. It has high business standards and serves in various areas by providing different services to the people. The company was founded in India and became a conglomerate in India by associating with about 40 companies and nine subsidiaries of the Bajaj Group. It also exports to some countries such as Indonesia, Bangladesh, Sri Lanka, Colombia, and Netherlands, and others.

The company is associated with a huge business structure and has its main focus on customer satisfaction. It has extended its hands to a wide range of areas and sectors ultimately benefiting the consumers. It has acquired many customers by providing a great variety of services in different countries.

The Bajaj Group provides services in many sectors such as automobile, financial services, home appliances, electrical, sports, iron & steel, insurance, and consumer finance and asset management as well.

It also marks its attributes in performing various welfare activities in the fields of Health, Education, Women- Empowerment, Self-Reliance, Rural Development, Environment, Natural Resources, etc.

The Companies Associated with the Bajaj Group

Bajaj Finance

The market capitalization of Bajaj finance is high as compared to other companies and is regarded as the most diversified NBFC in India, which is a subsidiary of Bajaj Finserv. It provides durable finance, lifestyle finance, digital finance, EMI, gold loans, home loan, retailer EMI, and many more.

Bajaj Finserve

It marks its attributes in promoting financial services in India, such as investments, insurance, NBFC, and wealth management. It is a holding company that invests in its subsidiaries and sells its products through them.

Bajaj Consumer Care

It is an Indian consumer goods company that consists the hair care brands and marks its attribute as being the second-largest player in the overall hair oils segment.

Bajaj Energy

It marks its importance in being one of the largest private-sector thermal generation companies in India. Its vision is to be a globally admired organization that enhances the quality of life by generating and supplying reliable & affordable power for the upliftment of the community and the overall sustainable development of our country.

Bajaj Electricals Limited

It is a globally renowned and trusted company and is the front-running in the industries. It provides Kitchen and Domestic Appliances, Fans, and Lighting. The Company is present with products including Mixer Grinders, Gas Stoves, Irons, Blenders, Ceiling fans, Table fans, Pedestal fans, Wall Fans, as well as LED Lighting. It also has a major business that consists of consumer products such as fans, lighting, and other appliances as well.

Bajaj Ventures

It marks its attributes in developing and manufacturing tools and appliances, and also produces power tools, household appliances, and related accessories.

Bajaj Hindusthan

It marks its importance in being a sugar producer in India, headquartered in Mumbai, and is a leader in the Asian and Indian sugar industries. It is also one of the largest producers of green fuel ethanol in India.

Bajaj Healthcare

It is a bulk drug manufacturer established which serves various Pharmaceuticals, Nutraceuticals, and Food industries globally, and works with a vision to be a leading pharmaceutical company in India and to become a significant global player by providing high-quality and affordable products.

Mukand

It is a part of the Bajaj Group of companies and is a multi-division, multi product conglomerate which is involved in the manufacturing of specialty steel long products and heavy machinery.

Bajaj Holdings & Investment

Maharashtra Scooters Limited, Bajaj Auto Limited, and Bajaj Finserv Limited come under Bajaj Holdings & Investment Limited (BHIL). Bajaj Finserv Limited holds 3 companies Bajaj Finance, Bajaj Alliance General Insurance Limited, and Bajaj Alliance Life Insurance Limited. Bajaj Holdings and Investment Limited is the topmost company.

Revenue Model

The company shows its revenue of Rs. 170.08 Billion in 2011, and Rs. 202.01 Billion in 2012, whereas 2013 shows earnings of Rs. 207.93 Billion, and Rs. 208.56 Billion in 2014. In 2015, the company earned Rs. 221.94 Billion, and Rs. 238.83 Billion in 2016. The company earned Rs. 243.1 Billion in 2017, and Rs. 269.11 Billion in 2018. It shows Rs. 317.96 Billion in 2019, and Rs. 316.52 Billion in 2020. In 2021 it earned Rs. 290.18 Billion and Rs. 344.29 Billion in 2022.

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