After 50 years at the helm, Rahul Bajaj steps down from executive role

The tenure of appointment of Rahul Bajaj as executive chairman is expiring on 31 March 2020

After several decades at the helm, Bajaj group patriarch Rahul Bajaj will step down as chairman of the holding company, Bajaj Holdings & Investments, Bajaj Auto, and Bajaj Finserv.

Bajaj Auto, the maker of the Pulsar brand of motorcycles and RE three-wheelers, said on Thursday that the 81-year-old business leader, who has been a whole-time director and chairman of the automobile making arm since April 1, 1970, would take a non-executive role.

He oversaw the successful transition of Bajaj Auto from the ‘Hamara Bajaj’ days through its popular Chetak brand of scooters to the World’s Favourite Indian — Bajaj now