The Pimpri Chinchwad civic body has decided to set up a memorial for industrialist and former Bajaj Group chairman Rahul Bajaj, who passed away last week.
As per the report by The Indian Express, the decision to set up a memorial was unanimously passed in the meeting of PCMC.
Rahul Bajaj, the man who made brand Bajaj a household name through scooter models like Chetak and Priya and the ubiquitous Bajaj three-wheeler auto, passed away at 83 on Saturday, nearly a year after stepping down as the non-executive chairman of Bajaj Auto.
A Padma Bhushan-awardee Rahul Bajaj was one of the longest-serving chairmen in corporate India. He breathed his last at Ruby Hall Hospital in Pune.
Rahul Bajaj stepped down as non-executive chairman of Bajaj Auto in April 2021, ceding the position to his cousin Niraj Bajaj.
He had stepped down from the executive role of Bajaj Group companies before his election to the Rajya Sabha, the upper house of parliament, 2006. He served as a member of Rajya Sabha from 2006 to 2010.
Rahul Bajaj's younger son Sanjiv Bajaj has taken over as chairman of both the group's finance companies - Bajaj Finance and Bajaj Finserv. His elder son Rajiv Bajaj is Managing Director of Bajaj Auto.
Born on June 10, 1938, Rahul Bajaj took over as Chief Executive Officer of Bajaj Auto in 1968 and was appointed as Managing Director of the company in 1972. He stepped down from that position in 2005.
Bajaj also served as president or chairman of several industry bodies. He served as president of the Confederation of Indian Industry (CII) twice - from 1979 to 1980 and again from 1999 to 2000.
He served as Chairman of the erstwhile Indian Airlines from 1986 to 1989. He also served as president of the Society of Indian Automobile Manufacturers (SIAM).
Rahul Bajaj held a Bachelors degree in economics, a law degree from Mumbai University and an MBA from Harvard.
(With inputs from agencies)
