Bajaj Finance’s Rahul Bajaj retires

Bajaj Finance has emerged to be one of the major brands when it comes to rendering financial services. Whether you want to purchase a television or washing machine or any other heavy expenditure good, financing through Bajaj is one of the most lucrative options for a new purchase.

Bajaj Finances had been chaired by Rahul Bajaj since its inception in 1987. He has served as the pioneer of this company for 82 years making a company turn into a brand. However, it is time for him to step down as the non-executive chairman and let the journey of Bajaj Finance continue with a new leader leading the path.

Now, the question arises what’s next for Bajaj Finance?

History

Rahul Bajaj took over the small family business in 1968. The family business dealt with scooters, cement, and electrical appliances. Rahul Bajaj had inherited the business from his father who in turn had been the heir to his father’s business.

Today, Bajaj Auto and Bajaj Finserv are counted among one of the most valuable companies in the country.

Future

Rahul Bajaj is the father of two sons, to whom the company’s succession shall pass. The decision to step down been taken as a part of succession planning. The power shall be transferred in the hands of the sons followed by bifurcation of the business.

While Rahul Bajaj is believed to be a perfectionist in handling business with an outspoken nature, Sanjiv Bajaj has proven his potential by taking the company to new a new height along with his brother.

The decision to step down from power is appreciated. His sons, Rajiv and Sanjiv, are believed to have proven their capabilities at various stages and are ready to hold the rein of the brand established by their father. Here on, Bajaj shall be taken care of by young stalwarts of the Bajaj family.