shri Rahul Bajaj

Rahul Bajaj


Rahul Bajaj (born June 10, 1938) is a Graduate in Economics (Honours) and Law and completed his Masters in Business Administration from Harvard Business School. He took charge of the erstwhile Bajaj Auto as the Chief Executive Officer in 1968 when the company’s annual turnover was over Rs. 72 million. In 2007-08, the Company's annual turnover was over Rs. 100 billion (US$ 2.45 billion). Today Bajaj Auto is India's premier two and three-wheeler company.

Under Mr. Bajaj’s leadership, Bajaj Auto has received various awards including the 1977 Export Award from the Federation of Indian Chambers of Commerce and Industry (FICCI), the 1985 Economic Times and Harvard Business School Association Award for Corporate Performance, the CII Award for Quality and Reliability in 1984 and 1988, and for Technology and Innovation in 1985. For the year 1994-95, Bajaj Auto received the Engineering Export Promotion Council’s award for the highest exports of consumer durables nationally and the highest exports of engineering goods in the western region. Bajaj Auto received Dalal Street Journal's Corporate Excellence Award for 1990 and 1995 (Rank I).

Post demerger of the company, Bajaj continues to act as the non-executive Chairman. The Group manufactures and markets a range of products and services in India and abroad, including two and three wheelers, home appliances, lamps, wind energy, special alloy and stainless steel, castings, cranes, forgings, infrastructure development, material handling equipment, travel, general and life insurance and investment and financial services. Market capitalization of the group at present is over US $10 billion.


1975-77 Appointed as the Chairman of the Development Council for Automobiles and Allied Industries by the Government of India
1975 Received the Man of the Year Award from the National Institution of Quality Assurance
1985 Business India's Businessman of the Year
1986-89 Chairman of Indian Airlines
1990 Received the Bombay Management Association Award for the Most Distinguished Services in the Field of Management
1991 Appointed as the Chairman of Technology Development Advisory Group on 'Technology Trends in Automobiles' by the Government of India
1992 Appointed by His Royal Highness, The Prince of Wales, as a Member of the Prince of Wales International Business Leaders Forum in February
1992 Appointed as a member of Indo-German Consultative Group by the Government of India
1996 Awarded the Rashtrabhushan Award by the FIE foundation
2000 Received the Tilak Award by the Lokmanya Tilak Smarak Trust
2001 Awarded the 'Padma Bhushan' by the President of India
2002 Received the Jeevan Sadhana Gaurav Puraskar by the Pune University
2003 First person to be inducted by the ICICI Bank and the leading automotive magazine, Overdrive, in the Indian Automotive Hall of Pride
2003 Nominated by the President of India as the Chairman of the Board of Governors of the Indian Institute of Technology (IIT), Bombay on 12th May, 2003 for a period of 3 years
2005 Conferred the Alumni Achievement Award by the Harvard Business School in September 2005.
2006 Elected to the Upper House of Parliament (Rajya Sabha) from Maharashtra
2006 Awarded the Marathwada Mitra Puraskar by Marathwada Lok Vikas Manch in June 2006
2007 Awarded the JRD Tata Corporate Leadership Award by All India Management Association in February
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Nanoo Pamnani

Nanoo Gobindram Pamnani

Vice Chairman

Nanoo Gobindram Pamnani (born February 26, 1945) is an Economics (Honours) graduate from Bombay University and also holds a Bachelor of Science (Economics) degree from London School of Economics (major in Economics and Econometrics).

He had a 40-year long stint with Citibank, N.A., where he held many key positions and handled various senior assignments both in India and abroad:

  • Director for Citibank, N.A., Asia Pacific Group

  • Based in Singapore, Mr. Pamnani’s focus was primarily on bank acquisitions and establishing new Centres of Excellence for software and business processing across Asia Pacific.

  • Chief Executive Officer, Citibank, N.A., India

  • Mr. Pamnani was responsible for Corporate and Investment Banking and Consumer Banking, and additionally was also the Regional Head for India, Sri Lanka, Bangladesh and Nepal.

  • Non – executive Chairman of Citibank, N.A., India

  • Vice President, Citibank, N.A., Emerging Markets (Asia, Latin America, Central and Eastern Europe, and Middle East and Africa)

  • Based in London, as the Director of Operations and Technology for over 70 countries.

  • Vice President, Citibank, N.A., Asia Pacific Private Banking Group

  • Mr. Pamnani acted as the Business Head for Private Banking businesses across Asia Pacific, excluding Japan while being based out of Singapore.

  • Chief Executive Officer, Citibank, N.A.,Philippines

  • Based in Manila, Mr. Pamnani was involved in the country debt rescheduling process.


Bajaj Finance Ltd. - Vice Chairman
Bajaj Auto Ltd.
Bajaj Finserv Ltd. - Vice Chairman
AIG Global Asset Management Company (India) Pvt. Ltd.
Alchemy Capital Management Private Limited
Alchemy Global Asset Management (India) Pvt. Ltd.
P.N. Writer & Co. Pvt. Ltd.
Writer LifeStyle Private Ltd.

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Sanjiv Bajaj

Sanjiv Bajaj

Managing Director

Sanjiv Bajaj (born November 2, 1969) graduated with distinction in Mechanical Engineering from the University of Pune. He then completed his Masters in Manufacturing Systems Engineering from the University of Warwick, UK and subsequently went on to complete his MBA from Harvard Business School.

Sanjiv took charge as the Managing Director of Bajaj Finserv in 2008. Bajaj Finserv operates in the Insurance business through Bajaj Allianz Life Insurance Co. Ltd. and Bajaj Allianz General Insurance Limited, and in the consumer lending business through Bajaj Finance Limited. His role includes guiding the current businesses and building new ones in the financial servicessector. Besides handling Bajaj Finserv as the MD, he is also:

  • Non - Executive Director of Bajaj Holdings and Investment Ltd. His role includes building strategy and team, and guiding this investment company which has approximately USD 1 billion in cash and investments. The company holds over 30% stake in Bajaj Auto and Bajaj
  • Executive Director, Head of Finance & Control and Legal functions at Bajaj Auto Ltd.
  • Head of International Business from April 2004 to September 2007 at Bajaj Auto Ltd. Grew the international sales of the company’s products from approx. 150,000 vehicles and USD 175 million in 2003-04 to almost 450,000 vehicles and USD 375 million in 2006-07.

Sanjiv Bajaj was awarded the Business Today Magazine’s Best CFOs Awards 2005 as one of the top CFOs of India for 2005.


Bajaj Auto Ltd. - Executive Director
Bajaj Finserv Ltd. - Managing Director
Bajaj Holdings and Investment Ltd.
Bajaj Allianz General Insurance Co. Ltd.
Bajaj Allianz Life Insurance Co. Ltd.
Bajaj Finance Ltd.
Maharashtra Scooters Ltd.

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Madhur Bajaj

Madhur Bajaj


Madhur Bajaj (born August 19, 1952) graduated in Commerce from Sydenham College, Bombay, in 1973. He also holds a Masters degree in Business Administration from the International Institute of Management Development (IIMD), Lausanne, Switzerland. He is the recipient of the Vikas Ratan Award from the International Friendship Society of India, for enriching human life and outstanding achievements in the field.

Madhur Bajaj has held various positions, the most prominent being:

  • President of SIAM, the apex association of Indian automobile manufacturers
  • President of Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA), the apex Industries Association of Pune.
  • Chairman, Western Region, CII
  • Currently, he is the National Council Member of Confederation of Indian Industry (CII)


Bajaj Auto Ltd.
Bajaj Finserv Ltd.
Bajaj Holdings & Investments Ltd.
Bajaj Electricals Ltd.
Bajaj Finance Ltd.
Maharashtra Scooters Limited - Chairman

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Rajiv Bajaj

Rajiv Bajaj


Rajiv Bajaj graduated, with distinction, in Mechanical Engineering, from the University of Pune in 1988. He then went on to complete his Masters in Manufacturing Systems Engineering, again with distinction, from the University of Warwick in 1990.
He has since worked at Bajaj Auto in the areas of Manufacturing & Supply Chain (1990-95), R&D and Engineering (1995-2000), and Marketing and Sales (2000-2005) and has been the Managing Director of Bajaj Auto Ltd. since April 2005.

He has been on the Board of Bajaj Auto Ltd. since March 5, 2002.

His vision of being one of the world’s leading motorcycle and small commercial vehicle manufacturers is bearing fruit with Bajaj Auto being one of the biggest two and three wheeler manufacturers in the country.


Bajaj Auto Ltd. - Managing Director
Bajaj Holdings and Investment Ltd.
Bajaj Finserv Ltd.
Bajaj Finance Ltd.
Bajaj Auto Holdings Ltd.
KTM Power Sports A G

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D.J. Balaji Rao

D.J. Balaji Rao


D. J. Balaji Rao (born December 15, 1939) is a Mechanical Engineer from the University of Madras and holds a Postgraduate Diploma in Industrial Engineering from Bombay University. He attended the Advanced Management Programme at the European Institute of Business Administration (INSEAD) at Fountainbleu, France, in 1990.

D. J. Balaji Rao has served with distinction on the boards of many AAA rated companies, including Ashok Leyland, MICO, Wipro and Bharat Forge.


  • Managing Director of the Infrastructure Development Finance Company Ltd.
  • Executive Director of ICICI
  • Vice Chairman and Managing Director at SCICI Ltd. in April 1996
  • Consultant to the National Development Bank of Sri Lanka from March-August 1991 for setting up the bank under the World Bank Project
  • Chief Executive of the Industrial and Technical Consultancy organization of Tamil Nadu from December 1981 to May 1982
  • Consultant to the Asian Development Bank between June 1985 and May 1986 for conducting a training programme for DFIs in Asia
  • Nominee of the Industrial Credit and Investment Corporation of India (ICICI) from 1993 to 1996
  • He has been on the board Bajaj Auto Ltd since April 1996


3M India Ltd.
Ashok Leyland Ltd.
Bajaj Auto Ltd.
Graphite India Ltd.
Bajaj Holdings & Investment Ltd.
Bajaj Finserv Ltd.
Bajaj Finance Ltd.
JSW Energy Ltd.
Hinduja Foundries Ltd.

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Dr Gita Piramal

Dr Gita Piramal

Independent Director

Dr. Gita Piramal (born September 4, 1954) is an Entrepreneur and Businesswoman, author and journalist, with a PhD. in business history from Bombay University.

For two decades, she contributed to several Piramal family companies in India in various positions. She launched a publishing company and a real estate company. In 2012, she retired and gave up board responsibilities and management roles.


Academic Research at University of Oxford

    • Books: All in top 10 best seller lists on launch - Business Maharajas, Business Legends, Managing Radical Change, World Class in India, India's Industrialists and Business Mantras. Edited Sumantra Ghoshal on Management with Julian Birkinshaw. Chapters in 8 books.

    • Cases: Five Indian case studies in European Case Clearing House (ECCH). Conducted case writing workshops for leading Indian business schools.

    • Print: Commissioned and edited over 1,000 articles for The Smart Manager. Over 500 articles for International and Indian publications. Between 1988and 1992, Gita and Christina Lamb the only two women journalists in the field at the UK's Financial Times.

    • Television: Conceptualized and created content for three best-selling, award-winning programs for CNBC-TV18 ('Trial by Fire', 'Business Legends', 'Lessons in Excellence'). Scripted, edited, and featured or anchored over 100 television documentaries.

    • Non-profit: Centre for Policy Research (2014-2016) Member, Governing Board

    • Trade & Industry Associations:
      Catalyst, UK Trade & Industry (2011 - )
      Member Assocham (2010-2012)
      Patron Member CII (2007-2012), Member, National Committee on Design

    • Educational Institutes: London Business School, (2012- )
      Member Global Advisory Board H R College of Commerce & Economics, Mumbai (2004-2012)
      Member Advisory Council Piramal Education Trust, Rajasthan (1994-2005)
      Trustee Academy of Human Resources Management, Ahmedabad (2004-2012)
      Member, Board of Directors Hindi Vidya Bhavan School, Mumbai, (1994-1997 & 1999-2012)
      Member of the Governing Board

    • Others: World Presidents' Organization (2004 - )
      Young Presidents' Organization (2001-2004)


Bajaj Finance Ltd.
Bajaj Holdings & Investment Ltd.
Piramal Properties Pvt. Ltd.
Trimode Properties Pvt. Ltd.
Prism Management Consultancy Pvt. Ltd.

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Dr. Naushad Forbes


Dr. Naushad Forbes (born on 13 May 1960) is the Co - Chairman of Forbes Marshall, India's leading Steam Engineering and Control Instrumentation firm. He chairs the Steam Engineering Companies within the group.

Forbes Marshall’s deep process knowledge helps their customers save energy, improve product quality, increase process efficiency, and run a clean and safe factory. Market leadership in India and, increasingly, internationally comes from highly trained people and the depth of their knowledge. A close connect with customers enables the design of products that address customer needs around the world. The products are made in a facility that is world-class in scale, aesthetics and work environment. Forbes Marshall has consistently ranked amongst India's Great Places to Work.

Dr. Forbes was an occasional Lecturer and Consulting Professor at Stanford University from 1987 to 2004 where he developed courses on Technology in Newly Industrializing Countries. He received his Bachelors, Masters and PhD Degrees from Stanford University.

Dr. Forbes is on the Board of several educational institutions and public companies.

Dr. Forbes has long been an active member of CII and has chaired the National Committees on Higher Education, Innovation, Technology and International Business.

Dr. Forbes was President of CII for 2016 – 17.


  • Forbes Marshall Private Limited
  • Bajaj Auto Limited
  • Forbes Solar Private Limited
  • J N Marshall Private Limited
  • Forbes Marshall Arca Private Limited
  • Krohne Marshall Pvt. Ltd.
  • Forbes Marshall (Hyd) Private Limited
  • Forbesvyncke Private Limited
  • Centre for Technology Innovation and Economic Research
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