Rahul Bajaj determined to step down as director

by Jeremy Spirogis
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Highlights:

  • Rahul Bajaj determined to step down as director

  • Rahul Bajaj's time period will finish on 31 March 2020

  • After this determination, the corporate will deal with the post of non-executive director

  • Voluntary determination taken at age 75

Raj Express Rahul Bajaj, who has been holding the place of director within the well-known previous firm Bajaj Auto, has determined to stop his government chairman on the age of 75. However, his time period of workplace was to finish on March 31 of 2020, the identical yr. <! –

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                 After his determination, he’ll get the post of non-executive director within the firm. After coming to this post, Rahul Bajaj won’t be able to immediately change any determination taken by the Bajaj Group. This data was given by Bajaj Company on Thursday solely.

Working hours of Rahul Bajaj:

Rahul Bajaj was appointed by the board in April 2015 to the post of Executive Chairman (Director). He was appointed for a 5-year time period. His tenure was to be from then till 31 March 2020, however he took the choice to go away his post earlier than the time was over. According to the data obtained by the corporate, they’ve taken this determination because of some commitments. He joined the Bajaj Company within the yr 1965. Under his supervision, the turnover of Bajaj Hagarup had elevated from 7.2 crore to 12 thousand crore. Not solely this, underneath his supervision, this firm grew to become the main firm of scooter promoting nation.

In 2005, he was given the duty of his son:

Rahul Bajaj handed over the duty of the Bajaj Company to his son Rajiv within the yr 2005 and since then the corporate is managing director Rajiv Bajaj, since then the demand for the product of the corporate is just not massive within the home market of cable car trade in addition to the corporate. The firm additionally earned the title Nakhub within the worldwide market by way of its merchandise.

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