Bajaj Group: A Century of Nation-Building and Innovation

The Bajaj Group, a conglomerate with interests spanning across auto and financial services, marked its centennial on Monday. Prime Minister Narendra Modi praised the group's longstanding contributions to India's nation-building efforts, citing their role in job creation, innovation, and community development.

The centenary celebration took place in central Mumbai, drawing attendance from politicians and business figures. Founded in 1926 by Jamnalal Bajaj, the group now boasts a market capitalization of USD 148 billion and a workforce of 1.3 lakh. Moving forward, the Bajaj family plans to expand into the healthcare sector, with Nirav Bajaj, the son of Niraj Baja, at the helm.

The group's commitment to societal profit underscores its century-long journey, reflecting on founder Jamnalal Bajaj's legacy in social reforms and inclusivity. As the conglomerate steps into its next century, the focus remains on balancing growth with impactful societal contributions.

(With inputs from agencies.)