The Bajaj clan is broadly divided into two families; one of Jamnalal Bajaj’s elder son Kamalnayan Bajaj (Rahul and Shishir) and the younger Ramkrishna Bajaj (Shekhar, Madhur and Niraj). According to sources, Rahul and his brother Shishir together own close to 47% of the family fortunes, while the rest of the balance is distributed among their three cousins
. Rahul and his three cousins are said to be in cordial relationship while brother Shishir is apparently the opposing party.
. Rahul and his three cousins are said to be in cordial relationship while brother Shishir is apparently the opposing party.Shishir, who manages the group’s third largest company, Bajaj Hindustan, has been vying for a business split for long. It all started when Shishir wanted a lion’s share from the Bajaj Group and demanded close to $120 million as his share, along with a vertical split in Bajaj Auto. He also proposed to buy out stock held by his brothers in certain companies he was interested in running and managing. This was reportedly deemed unjustifiable and not accepted, accordingly turned down. At one time it appeared that the Bajajs were grouped as ‘four brothers versus one’.
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Source: IIPM Editorial, 2008
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Source: IIPM Editorial, 2008
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
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Strategic Alliance / Consulting / Intellectual Tic-up Partners Arindam chaudhuri GIDF Planman Consulting Business & Economy 4Ps Business & Marketing The Sunday Indian The Daily Indian Kkoooljobs.com
