Rahul Bajaj resigns as chairman of Bajaj Auto – a position he held for five glorious decades
Rahul Bajaj resigns as chairman of Bajaj Auto – a position he held for five glorious decades
Sanchita DashApr 29, 2021, 16:50 IST
Rahul Bajaj will go on to be the chairman emeritus at Bajaj Auto.BCCL
Rahul Bajaj, the chairman of one of India’s largest two-wheeler manufacturing companies
Bajaj Auto, has stepped down from his position.
The company said that the
Bajaj will be replaced by Niraj Bajaj, who is currently a non-executive director in the company.
Bajaj had been the chairman of the company since 1972.Rahul Bajaj, the chairman of one of India’s largest two-wheeler manufacturing companies Bajaj Auto, has stepped down from his position. In an exchange filing today, the company said that the Bajaj will be replaced by Niraj Bajaj, who is currently a non-executive director in the company.
Rahul Bajaj will serve as Chairman Emeritus of the company for a term of five years. Niraj Bajaj, who s a non-executive director of the company, will now serve as chairman of Bajaj Auto from May 1, 2021
Mr Rahul Bajaj s appointment as non-executive chairman came into effect from April 1
Highlights
Mr Niraj Bajaj will replace him as Chairman, with effect from May 1
Bajaj Auto reported a net profit of ₹ 1,551.28 crore in March quarter
Bajaj Auto chairman Mr Rahul Bajaj resigned from the executive role on Thursday, April 29. Mr Niraj Bajaj, Nonexecutive Director of the Company will be appointed as the Chairman of Bajaj Auto, with effect from May 1, 2021, replacing Mr Rahul Bajaj. According to a regulatory filing by the auto major to the BSE today, Mr Rahul Bajaj, considering his age, tendered his resignation as non-executive Director and Chairman of the company. Mr Rahul Bajaj s appointment as non-executive chairman came into effect from April 1, 2021, and has now stepped down from the role at the end of the current term. (