Here is an overview of all the subsidiaries of the Bajaj Group:
Bajaj Auto Ltd
Bajaj Auto Limited is an Indian multinational company that manufactures two-wheelers (motorcycles and scooters) and three-wheelers (auto-rickshaws). It is the third-largest motorcycle manufacturer globally and the second-largest in India. Under the leadership of Rajiv Bajaj, who became Managing Director in 2005, the company has grown into a global giant.
Bajaj Auto is renowned for its motorcycles, scooters, and auto-rickshaws, and pioneered the introduction of India’s first quadricycle vehicle called the Qute. The company has manufacturing facilities located in Chakan (Maharashtra), Waluj, and Pantnagar (Uttarakhand). In 2020, Bajaj Auto achieved a market capitalization of $13.6 billion, making it the world’s most valuable two-wheeler company.
Mukand Limited
Mukand Limited is considered a pioneer in the steel industry as it was the first company in India to successfully implement vacuum oxygen technology for manufacturing stainless steel. Additionally, it became the fourth company globally to introduce a continuous cooling system for the production of wire rods.
Mukand Limited is a subsidiary company of Bajaj that specializes in manufacturing various steel products. Its product lineup includes stainless steel, iron products, steel castings, steel structures, alloy steel, stainless steel billets, and hot rolled bars, which are also exported.
In addition to steel products, Mukand Limited manufactures Electrical Overhead Travelling (EOT) cranes, port equipment, process plant equipment for ferrous and non-ferrous industries, and other types of cranes. Notably, the company has manufactured the largest crane in the country, which has an impressive lifting capacity of 80 tons.
Bajaj Electricals
Bajaj Electricals is an Indian company headquartered in Mumbai, Maharashtra that manufactures consumer electrical equipment. It is a highly trusted and respected brand with over eight decades of experience in the industry.
The company is a leader in producing electronic consumer products including lighting (lamps, tubes, bulbs), luminaires, appliances, fans, and LPG-based generators. In addition to consumer goods, Bajaj Electricals offers engineering services for projects involving transmission line towers, telecommunication towers, high masts, and poles, as well as wind and solar energy projects.
Bajaj Electricals has a widespread national presence with 19 branch offices, over 1000 distributors, and around 4000 authorized dealers across the country. This extensive network allows the company to effectively market and service its diverse range of products and solutions.
Bajaj Finserv Limited
Bajaj Finserv Limited is an Indian financial services company offering diverse products and solutions including lending, asset management, wealth management, and insurance.
Originally, Bajaj Finserv operated as the financial wing of Bajaj Auto, the major automobile manufacturer. However, in 2007, it demerged from Bajaj Auto to become an independent entity.
Through its various verticals, Bajaj Finserv provides customers with a comprehensive suite of financial services. This includes investment and savings options, general insurance for asset protection, life and health insurance for family protection, as well as retirement and savings solutions for income protection.
The company aims to cater to the diverse financial needs of individuals through its wide array of product offerings spanning lending, investment management, insurance, and wealth advisory services.
Bajaj Hindusthan Sugar Ltd
BHSL’s main sugar manufacturing facilities are in Gola Gokarannath and Palia Kalan, part of the highly fertile and sugarcane-rich Terai region of Uttar Pradesh.The company is headed by Kushagra Bajaj as its Chairman. BHSL has a long-standing legacy, as it was one of the first companies established by Jamnalal Bajaj way back in 1931, originally under a different name. It was later renamed Bajaj Hindusthan Sugar Limited in 1988.
With its strong focus on sugar and ethanol production, leveraging the sugarcane cultivation in the Terai belt, BHSL has emerged as the number one player in this sector in India under the Bajaj Group umbrella.
Hercules Hoists
Hercules Hoists is another subsidiary company under the Bajaj Group umbrella. It is an industry leader specializing in hoisting technologies and solutions.
The company offers a comprehensive range of services encompassing lifting, moving, and storage requirements. Its product portfolio includes mechanical hoists, electric chain hoists, wire rope hoists, EOT/HOT cranes, light rail cranes, ergonomic handling solutions, and floor-operated stackers among other offerings.
With a strong emphasis on quality, innovation, and sustainable practices, the Bajaj Group has established itself as a trusted and respected corporate house. Its widespread presence, both domestically and internationally, coupled with its commitment to ethical business practices, has solidified the group’s reputation as a formidable player in the Indian corporate landscape.
