Twin grandsons of Jamnalal Bajaj (whom Mahatma Gandhi once considered a son) Anurang and Tarang Jain are now billionaires, with a net valuation of $1.1 billion to each of them.
Anurang Bajaj is the founder of Endurance Technologies Ltd., an automobile parts maker.
And, Tarang is the founder of the Varroc Group, which is also into the same business.
The Indian automobile giant Bajaj Auto Ltd. their uncle Rajiv Bajaj’s company has been their primary customer for over many years.
Jamnalal Bajaj started Bajaj Group of Industries in 1926. And, Mahatma Gandhi considered him as his fifth proclaimed son.
Recalling his time spent with the father of the nation, Rahul Bajaj who has turned 78 now once said:
As a teenager, I slowly realized that what propelled his (Gandhi’s) family most wasn’t the spirit of non-violent political protest, but a quest for success. People say that while you are a child, you think of being a policeman or a pilot. I never thought of anything else: business, business, business.
Gradually, the company expanded its footfall into various segments of the industry- cement, electronic appliances etc.
During the 1970s and ’80s, the group also started to focus on the mainstream scooter business, that eventually grew in itself giving rise to Bajaj Auto Lmtd. which is now its flagship business.
Today Bajaj Auto is India’s largest exporter of motorcycles and three-wheelers. Bajaj Auto’s exports accounted for approx. 35% of its total sales. 47% of its exports are made to Africa.
Endurance and Varroc, each valued at $1.1 billion, were once under the single roof of the parent Bajaj Group. However, they became separate and individual entities as they worked hard to acquire fresh customers and products through multiple procurements and acquisitions.
According to an NDTV report:
Online games are available in many forms and types including online gambling and sports betting.…
We live in a digital world, and every business, whether it's a brick-and-mortar shop or…
There is no denying that the pandemic has been rough on everyone. We have had…
Building your online presence can be challenging for both newcomers and the already initiated, but…
The smartphone market offers a variety of smartphones from brands both well and less known…
After a hard day’s work, you probably like to kick back on your couch and…