Rahul Bajaj, born on June 10, 1938, headed the Bajaj Group of companies. The Group activities include manufacturing and selling motorised two, three, and four-wheeled vehicles, general and life insurance and investment and consumer finance, home appliances, electric lamps, wind energy, special alloy and stainless steel, material handling equipment and travel.

Mr. Bajaj was the recipient of many awards, including the third-highest civilian award Padma Bhushan, from the government of India and honorary doctorates from many universities. He had a BA (Honours) in Economics from Delhi University, a law degree from Mumbai University and an MBA from Harvard Business School.

In February 2021, he was ranked at 421 on the Forbes list of the world's billionaires with a net worth of USD 8.2 billion. One of India's most successful business leaders, Mr. Bajaj, served as a member of the Rajya Sabha (the Upper House of Indian Parliament), the chairman of Indian Airlines and the chairman of the board of governors of the Indian Institute of Technology, Bombay. He was also a chairman of the International Business Council, World Economic Forum, a former member of the South Asia advisory board of Harvard Business School and a member of the International Advisory Council of the Brookings Institution in Washington, DC.

He spearheaded the CSR activities of the Bajaj Group of companies and charitable trusts, including the Jamnalal Bajaj Foundation.

On February 12, 2022, he breathed his last in Pune at the age of 83. He was cremated with full state honours in the presence of industry leaders, politicians and his followers, who bid adieu to one of the finest industrialists of modern India.