Bajaj Electricals | Business Upturn

Bajaj Electricals sees GST demand reduced to Rs 3.61 lakh after appeal

Business Desk — Thu, 23 Apr 2026 05:39:04 +0000

Bajaj Electricals Limited has announced a significant reduction in a GST demand following a favourable appeal order. The Joint Commissioner, Secunderabad, Telangana, issued the revised order on 22 April 2026, which the company received the same day.

Originally, the Deputy Commissioner, STU-1, Secunderabad, Telangana, had raised a total demand of ₹83.78 lakh, including a general penalty of ₹8.38 lakh, due to an alleged disallowance of GST input credit for the financial year 2018-19. However, the recent appeal order has revised this demand down to ₹3.61 lakh, with a reduced general penalty of ₹0.33 lakh.

The management of Bajaj Electricals has accepted the revised demand and has indicated that it does not intend to pursue any further appeals. The company stated that the financial impact of the appeal order would be limited to the revised demand and penalty, and there would be no effect on its operational, financial, or other activities.

This development follows an earlier communication from the company on 1 May 2024, when it first informed stakeholders about the initial assessment order issued on 30 April 2024.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Bajaj Electricals faces Rs 1.16 crore demand as appeal is rejected

Business Desk — Fri, 17 Apr 2026 08:30:03 +0000

Bajaj Electricals Limited has received an adverse appeal order from the Appellate Authority, which has upheld a previous assessment order demanding ₹1.16 crore. The demand, issued by the Assistant Commissioner of Sales Tax in Bihar, includes a general penalty of ₹39.68 lakh.

The appeal order, dated 30 March 2026, was received by the company on 16 April 2026. This development follows the company’s earlier appeal against the assessment order, which was originally issued on 25 May 2023. The order was based on an alleged disallowance of transitional credit availed in ‘Form Tran 1’.

In response to the latest ruling, Bajaj Electricals‘ management is considering various legal options. These include filing an appeal before an appropriate appellate tribunal or a writ petition before the Hon’ble High Court.

The company has clarified that the financial impact of the appeal order, should it materialise, will be limited to the demand and penalty specified. Bajaj Electricals stated that there is no impact on its operational, financial, or other activities due to this order.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Bajaj Electricals faces Rs 3.45 crore demand following adverse appeal order

Arunika Jain — Tue, 07 Apr 2026 10:01:57 +0000

Bajaj Electricals has received an adverse appeal order from the Office of the Commissioner (Appeals), Central Excise, Customs & CGST, Jaipur. The order, dated 27 March 2026 and received by the company on 6 April 2026, pertains to an alleged short payment of tax for the financial year 2018-19. The appeal order raises a gross demand of ₹3.45 crore, which includes a penalty amount of ₹31.53 lakh.

The issue stems from a discrepancy between the company’s GSTR 1 and GSTR 3B filings for the said financial year. The Appellate Authority did not consider the submissions made by Bajaj Electricals, resulting in the adverse order.

Bajaj Electricals is currently evaluating its legal options, which may include filing an appeal before the appropriate appellate tribunal or a writ petition before the High Court. The company has stated that the financial impact of the order, if it materialises, would be limited to the demand raised and the penalty levied. Importantly, the company clarified that there is no impact on its operational, financial, or other activities due to this order.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Bajaj Electricals faces Rs 5.75 crore GST demand for 2019-20

Yash Agarwal — Wed, 01 Apr 2026 05:56:38 +0000

Bajaj Electricals has been issued an Assessment Order by the GST Authority, raising a gross demand of ₹5.75 crore. This demand includes a penalty of ₹1.88 crore, related to an alleged mismatch of Input Tax Credit for the financial year 2019-20 in Madhya Pradesh.

The company is currently evaluating legal options, including the possibility of filing an appeal against the order. The financial impact, if the order materialises, would be limited to the demand and penalty specified. Bajaj Electricals has clarified that there will be no effect on its operational, financial, or other activities due to this assessment.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Bajaj Electricals faces Rs 80.75 lakh demand after appellate order

Yash Agarwal — Tue, 31 Mar 2026 07:12:48 +0000

Bajaj Electricals has received an Appeal Order from the Appellate Authority under Section 107 of the CGST Act 2017, upholding a total demand of Rs 80.75 lakh. This demand includes a general penalty of Rs 34.42 lakh, initially raised by the GST Authority for delayed reporting of sales invoices for FY 2017-18 and FY 2018-19.

The company had previously filed an appeal against this demand with the Office of the Commissioner (Appeals), Central Excise, Customs & Central Goods and Services Tax, Jaipur. However, the appeal for FY 2017-18 was withdrawn by Bajaj Electricals, and an application was submitted under the amnesty scheme for waiver of interest and penalty. Despite this, the Appellate Authority issued the Appeal Order without considering the withdrawal application.

Bajaj Electricals is currently evaluating its legal options, which may include filing an appeal before the appropriate appellate tribunal or a writ petition before the Hon’ble High Court. The financial impact of the Appeal Order, if enforced, would be limited to the demand and penalty levied, with no effect on the company’s operational or financial activities.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Bajaj Electricals faces Rs 67.31 lakh GST demand from Mumbai authority

Kinjal — Tue, 31 Mar 2026 07:02:17 +0000

Bajaj Electricals has been issued an Assessment Order by the GST Authority, raising a gross demand of ₹67.31 lakh. This includes a penalty of ₹33.65 lakh due to non-filing of GSTR 3B returns by vendors.

The company is currently evaluating legal options, including the possibility of filing an appeal against the order. The financial impact, if realised, would be restricted to the demand and penalty specified in the order. Importantly, Bajaj Electricals has stated that there is no effect on its operational, financial, or other activities due to this assessment.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Bajaj Electricals faces Rs 4.60 lakh demand after partial acceptance of GST appeal

Kinjal — Thu, 26 Mar 2026 05:47:45 +0000

Bajaj Electricals Limited has received an Appeal Order dated 13 March 2026, which was delivered on 25 March 2026, from the Office of the Commissioner, Appeals-I, CGST & CX, Mumbai. The order partially accepts the company’s submissions concerning a GST input mismatch issue.

The Appeal Order, issued under Section 107 of the CGST Act 2017, has resulted in a gross demand of ₹4.60 lakh, including a general penalty of ₹0.87 lakh. This development follows previous communications from the company regarding the initial assessment order and subsequent partial acceptance of the demand.

The management of Bajaj Electricals is currently assessing its legal options, which may include filing an appeal with the appropriate appellate tribunal or submitting a writ petition to the High Court. The financial impact of the order, should it materialise, will be limited to the demand and penalty specified.

Importantly, Bajaj Electricals has stated that this order will not affect the company’s operational, financial, or other activities.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Bajaj Electricals sees tax demand reduced to Rs 15.63 lakh by appellate authority

Arunika Jain — Sat, 21 Mar 2026 10:14:06 +0000

Bajaj Electricals Limited has announced a significant reduction in a tax demand following an appeal. The Appellate Authority, under Section 107 of the CGST Act 2017, has reduced the total demand to ₹15.63 lakh, including a general penalty of ₹0.72 lakh, from an initial demand of ₹1.04 crore.

The original assessment order was issued by the Deputy Commissioner of Sales Tax, Danapur 1, Bihar, under Section 73 of the GST Act, 2017. The demand was related to the alleged disallowance of Input Tax Credit due to mismatches with GSTR 2A for the financial year 2017-18. Bajaj Electricals had already filed an appeal against this order with the Office of the Additional Commissioner (Appeals), Danapur 1, Patna West, Bihar.

The company is currently evaluating further legal options, which may include filing an appeal before a higher appellate authority or a writ petition before the Hon’ble High Court against the Appeal Order.

Bajaj Electricals has clarified that the financial impact of the Appeal Order, if it materialises, would be limited to the extent of the demand raised and penalty levied. The company has assured that there will be no impact on its operational, financial, or other activities due to this order or assessment.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Bajaj Electricals faces Rs 3.62 crore GST demand after appeal rejection

Yash Agarwal — Wed, 18 Mar 2026 14:17:51 +0000

Bajaj Electricals has received an adverse appeal order from the Appellate Authority under Section 107 of the CGST Act 2017, upholding a total GST demand of ₹3.62 crore. This demand includes a general penalty of ₹32.89 lakh, stemming from alleged disallowance of Input Tax Credit due to mismatches with GSTR 2A.

The company had previously filed an appeal against an assessment order issued by the Additional Commissioner, Circle-I, Jaipur III, Rajasthan, which was rejected by the Appellate Authority. The appeal order was dated 13 March 2026 and received by Bajaj Electricals on 18 March 2026.

The management of Bajaj Electricals is currently evaluating legal options, which may include filing an appeal before the appropriate appellate authority or a writ petition before the Hon’ble High Court against the appeal order.

The financial impact of this order is expected to be limited to the demand raised and penalty levied. Bajaj Electricals has stated that the order will not affect its operational, financial, or other activities.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Bajaj Electricals acquires Morphy Richards Brand rights in India and South Asia for Rs 141.4 crore

Aman Shukla — Mon, 16 Mar 2026 14:17:47 +0000

Bajaj Electricals Limited has announced the acquisition of the intellectual property and brand rights of Morphy Richards in India and select South Asian markets for a total consideration of ₹141.4 crore. The deal marks a major strategic move for the company, giving it full ownership and control of the premium home appliances brand across several regional markets.

The acquisition strengthens Bajaj Electricals’ long-standing association with Morphy Richards, which dates back more than two decades. The company had been selling and managing Morphy Richards products in India under a licensing arrangement since 2002. With this transaction, Bajaj Electricals will now own and operate the brand in India, Nepal, Bhutan, Bangladesh, Sri Lanka, and the Maldives.

Founded in the United Kingdom in 1936, Morphy Richards has built a strong global reputation for its design-focused home appliances and personal care products. In India, the brand has gained recognition for premium kitchen and home appliances, supported by Bajaj Electricals’ distribution network and market expertise.

Industry observers view the acquisition as a significant step in Bajaj Electricals’ long-term strategy to expand its premium product portfolio and strengthen its position in the consumer appliances segment. Full ownership of the brand will allow the company to make independent decisions related to product development, innovation, marketing, and distribution.

Bajaj Electricals stated that owning the Morphy Richards brand will help accelerate investments in innovation, product design, and go-to-market strategies. The company expects the move to enhance value creation for consumers, channel partners, and shareholders while strengthening its multi-brand approach in the appliances market.

Commenting on the development, Sanjay Sachdeva, Managing Director and CEO of Bajaj Electricals Limited, said the acquisition represents a natural progression in the company’s portfolio strategy. He noted that Bajaj Electricals has developed deep insights into Indian consumers’ evolving preferences for convenience, design, and reliability over the years. According to him, owning the Morphy Richards brand will provide greater strategic flexibility to innovate faster and expand into premium consumer segments.

From the seller’s side, Glen Dimplex, the owner of Morphy Richards globally, expressed confidence in Bajaj Electricals’ ability to further develop the brand in the region. Fergal Naughton, Executive Chairman of Glen Dimplex, said the company is pleased to entrust the brand in India and neighbouring markets to Bajaj Electricals, highlighting the firm’s strong track record and deep understanding of local consumers.

Bajaj Electricals faces Rs 19.93 crore GST demand from Tamil Nadu authorities

Business Desk — Sun, 15 Mar 2026 15:20:44 +0000

Bajaj Electricals has received two assessment orders from Tamil Nadu authorities demanding a total of ₹19.93 crore for alleged tax discrepancies in FY 2019-20 and FY 2022-23. The company is evaluating legal options.

The Office of the Commercial Tax Officer in Chennai Central issued the orders on March 13, 2026. The first order demands ₹11.20 crore for FY 2019-20, comprising a tax demand of ₹3.66 crore, interest of ₹3.88 crore, and a penalty of ₹3.66 crore. The second order demands ₹8.73 crore for FY 2022-23, including a tax demand of ₹5.09 crore, interest of ₹3.13 crore, and a penalty of ₹0.51 crore.

The orders allege differences in input tax credit and short payment of tax for the respective financial years. Bajaj Electricals stated that the financial impact, if materialised, would be limited to the demand and penalty amounts. The company affirmed that there is no impact on its financial, operational, or other activities due to these assessments.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by Aman Shukla before publication.

Bajaj Electricals faces Rs 19.93 crore GST demand for FY 2019-20 and 2022-23

Business Desk — Sat, 14 Mar 2026 09:29:10 +0000

Bajaj Electricals has received GST assessment orders for financial years 2019-20 and 2022-23, totalling Rs 19.93 crore in alleged tax demands.

The Office of the Commercial Tax Officer, Jurisdiction-Chennai Central, Tamil Nadu, issued two separate orders to Bajaj Electricals. The first order pertains to FY 2019-20, with a demand of Rs 11.20 crore, which includes a tax demand of Rs 3.66 crore, interest of Rs 3.88 crore, and a penalty of Rs 3.66 crore. This demand arises from alleged discrepancies in input tax credit (ITC) and short payment of tax due to turnover differences. The second order for FY 2022-23 demands Rs 8.73 crore, comprising a tax demand of Rs 5.09 crore, interest of Rs 3.13 crore, and a penalty of Rs 0.51 crore, related to alleged excess ITC claims and ITC differences.

Bajaj Electricals is currently evaluating legal options, including filing an appeal or a writ petition against these orders. The company stated that the financial impact, if these orders materialise, would be limited to the demand and penalties levied. There is no anticipated impact on the company’s financial, operational, or other activities.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

This article is written by Business Desk and reviewed by Aman Shukla before publication.

Bajaj Electricals shares surge over 10% after company announces entry into ‘Wires’ business under Lighting Solutions segment

Aman Shukla — Tue, 20 Jan 2026 04:11:18 +0000

Shares of Bajaj Electricals rallied more than 10% in today’s trading session after the company informed exchanges about a strategic expansion of its business portfolio. The sharp rise in the stock price reflects positive investor sentiment following the announcement of a new product category under its existing Lighting Solutions segment.

In a regulatory filing made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, Bajaj Electricals stated that it has decided to enter the wires segment as part of its long-term growth strategy. The move is aimed at expanding and diversifying business operations to support sustainable growth, while also tapping into the rising demand in the domestic wires industry.

According to the company, the new wires business will operate under the Lighting Solutions segment. Bajaj Electricals plans to launch the products shortly and will assess market response before finalising the scale of investment. The total investment requirement will depend on multiple factors, including business scale, operational needs, and prevailing external conditions.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Bajaj Electricals Q2 Results: Net profit falls 23% YoY to Rs 9.9 crore, revenue down 1%

Aman Shukla — Fri, 31 Oct 2025 08:23:27 +0000

Bajaj Electricals reported its financial results for the quarter ended September 2025 (Q2 FY26), showing a dip in profit despite a slight improvement in operating margins.

The company’s consolidated net profit came in at ₹9.9 crore, down 23% year-on-year from ₹12.9 crore in Q2 FY25. Revenue from operations stood at ₹1,107.14 crore, nearly flat compared to ₹1,118.33 crore a year ago — a marginal decline of about 1%.

Operational performance showed an improvement. EBITDA rose to ₹62.50 crore from ₹51.30 crore last year, marking an increase of 22% year-on-year. The EBITDA margin improved to 5.6% from 4.6% in the same period last year, supported by better cost efficiency.

In a key management update, the company announced that its Chief Financial Officer, E.C. Prasad, has resigned, effective January 26, 2026.

Disclaimer: This article is for informational purposes only. It is not intended to be investment advice or a recommendation to buy or sell any stock. Readers are advised to consult their financial advisor before making any investment decisions.

Bajaj Electricals shares decline 3% as Morgan Stanley reiterates ‘Underweight’ rating with target price of Rs 481

Aman Shukla — Fri, 08 Aug 2025 04:28:28 +0000

Bajaj Electricals shares slipped over 3% in Friday’s trade after Morgan Stanley reiterated its ‘Underweight’ rating on the stock with a target price of ₹481, citing weak first-quarter results for FY26 and continued operational headwinds. As of 9:55 AM, the shares were trading 2.90% lower at Rs 597.10.

In its note, Morgan Stanley pointed to broad underperformance across both revenue and profitability metrics in Q1FY26. The company reported an 8% year-on-year drop in consolidated revenue. EBITDA declined sharply by 56%, while adjusted profit after tax (PAT) plummeted by 70% compared to the same period last year.

Notably, the adjusted PAT was 78% below Morgan Stanley’s estimates and 69% lower than the broader market consensus. This significant miss highlights the mounting pressure on Bajaj Electricals’ operations, especially in its consumer segment.

The consumer products division—traditionally a strong revenue driver—saw revenue fall by 11%, missing the brokerage’s estimate of 7% growth. EBIT margins for the segment turned negative at -1.7%, a stark contrast to the expected positive margin of 3.6%.

Meanwhile, the lighting solutions segment offered some relief, posting a 3% rise in revenue against an estimate of 12%. However, EBIT margin came in at 10.6%, slightly above the expected 9%, helping limit the downside.

Additionally, the company disclosed an exceptional loss of ₹6.7 crore in the quarter, primarily due to an ex-gratia payout for employees at its Nashik manufacturing unit.

Bajaj Electricals eyes new manufacturing facility with Rs 300 crore capex

Aman Shukla — Wed, 19 Mar 2025 09:47:06 +0000

Bajaj Electricals Ltd. has announced plans to explore the feasibility of establishing a manufacturing unit in India with an estimated capital expenditure of ₹300 crore. The decision was approved by the company’s Board of Directors during a meeting held on March 19, 2025.

The move aligns with Bajaj Electricals’ strategy to strengthen its domestic production capabilities and cater to rising demand. The company has authorized its management team to assess potential locations, investment opportunities, and regulatory requirements before finalizing the decision.

Additionally, in a significant step toward global expansion, Bajaj Electricals has approved the formation of a wholly owned subsidiary in the United Arab Emirates (UAE). This initiative aims to enhance the company’s presence in the Middle East and other international markets. The new subsidiary will focus on expanding business opportunities and strengthening Bajaj Electricals’ global footprint.

The establishment of a new manufacturing unit in India is expected to boost local production, create job opportunities, and contribute to the “Make in India” initiative. If implemented, this investment will enhance operational efficiency and reduce dependency on imports.

Bajaj Electricals Q3 FY25 Results: Revenue up 5.2% YoY to Rs 1289.72 crore, Net Profit Rises Over 60% YoY

Aditya Bhagchandani — Tue, 04 Feb 2025 08:02:08 +0000

Bajaj Electricals Limited reported its financial results for the third quarter ending December 31, 2024, showcasing growth in both top and bottom lines. The company’s net profit for the period stood at ₹33.36 crore, a significant increase of 62% YoY compared to ₹20.57 crore in the same period last year.

Key Highlights:

Revenue from operations: ₹1,289.72 crore, up 5.2% YoY from ₹1,228.24 crore in Q3 FY24, reflecting improved sales performance across its business divisions.
EBITDA: The company’s operating performance witnessed steady growth, with margins showing improvement due to cost controls and operational efficiency.
Total expenses: ₹1,257.09 crore compared to ₹1,218.80 crore in the year-ago quarter, indicating a controlled rise in expenses despite higher revenue.

Bajaj Electricals has attributed its robust performance to continued demand in the consumer and EPC segments and strategic cost-management initiatives.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. The author or Business Upturn is not liable for any losses arising from the use of this information.

Bajaj Electricals Q2 FY25 Results: Net Profit falls 58.7% YoY to ₹12.9 crore

Aditya Bhagchandani — Thu, 07 Nov 2024 08:07:05 +0000

Bajaj Electricals has announced its Q2 FY25 financial results, showing a slight increase in revenue but a significant decline in net profit on a year-over-year (YoY) basis.

Financial Highlights

Revenue: Bajaj Electricals reported a revenue from operations of ₹1,118.33 crore for Q2 FY25, marking a 0.5% increase from ₹1,112.82 crore in Q2 FY24. On a quarter-over-quarter (QoQ) basis, revenue decreased by 2.9% from ₹1,151.49 crore in Q1 FY25.
Profit Before Tax (PBT): The company recorded a PBT of ₹45.15 crore in Q2 FY25, showing a decrease of 70.8% YoY from ₹151.5 crore in the same period last year. PBT also dropped by 72.4% compared to ₹162.87 crore in the previous quarter (Q1 FY25).
Net Profit: Net profit for Q2 FY25 was ₹12.9 crore, down 58.7% YoY from ₹31.68 crore in Q2 FY24. On a QoQ basis, net profit fell by 54.1% from ₹28.11 crore.

The year-over-year decline in net profit despite stable revenue suggests that Bajaj Electricals may be facing higher operating costs or other financial challenges affecting profitability.

Summary

While Bajaj Electricals has maintained stable revenue, the sharp drop in profitability has led to a cautious outlook. The company will likely focus on cost-control measures and efficiency improvements to regain profitability momentum in the coming quarters.

Bajaj Electricals Q1 Results: Net profit falls 24% to ₹28 crore

Aditya Bhagchandani — Tue, 06 Aug 2024 13:14:44 +0000

Bajaj Electricals Ltd reported a decline in net profit and margins for the June 2024 quarter. The company’s net profit dropped by 24.3% year-on-year to ₹28.1 crore.

Financial Highlights

Net Profit: ₹28.1 crore, a 24.3% decrease from ₹37.13 crore in the same quarter last year.
Revenue: Increased by 3.8% year-on-year to ₹1,154.9 crore compared to ₹1,108 crore in the previous year. On a quarter-on-quarter basis, revenue fell by 2.5% from ₹1,181 crore.
EBITDA: ₹76 crore, a marginal 1% dip from ₹77 crore in the year-ago period.
EBITDA Margin: Decreased to 6.6% from 6.9% in the same quarter last year.

Segment Performance

Consumer Products (CP) Revenue: ₹905 crore, a 3.7% increase from ₹873 crore last year.
CP EBIT: Dropped by 44% to ₹23 crore from ₹41 crore in the year-ago period.

Additional Insights

Positive Cash Flow: The company generated positive cash flow from operations of ₹155 crore.
Cash Equivalents and Surplus Investments: Stood at ₹442 crore.

Metric	Q1 FY25	Q1 FY24	QoQ Comparison
Net Profit	₹28.1 crore	₹37.13 crore	₹29.3 crore
Revenue	₹1,154.9 crore	₹1,108 crore	₹1,181 crore
EBITDA	₹76 crore	₹77 crore	–
EBITDA Margin	6.6%	6.9%	–
CP Revenue	₹905 crore	₹873 crore	–
CP EBIT	₹23 crore	₹41 crore	–

Outlook

Chairman Shekhar Bajaj stated, “Revenues for the company have grown at 3.8% with consumer demand having bottomed out and green shoots visible in rural demand. Lighting Solutions EBIT margins are at 10.5%, due to improvement in overall gross margins.”

Bajaj Electricals shares fall 2% after MD & CEO Anuj Poddar resigns

Aditya Bhagchandani — Thu, 18 Jul 2024 05:42:55 +0000

Bajaj Electricals Limited announced on Wednesday that its Managing Director and CEO, Anuj Poddar, has resigned to pursue an external opportunity. The Board has accepted his resignation and acknowledged his contributions over the past five and a half years. Poddar’s last day with the company will be September 30, 2024.

In a regulatory filing, the company stated, “The Board of Directors, at its meeting held today, accepted the resignation of Mr. Anuj Poddar as the Managing Director & Chief Executive Officer, Key Managerial Personnel, and as a member of the Board of Directors of the Company and decided to relieve him of his duties with effect from close of business hours on September 30, 2024. The Board also expressed and placed on record its appreciation and gratitude for Mr. Anuj Poddar’s contributions to the Company during his tenure and conveyed him best wishes for his future endeavors.”

As of 10:37 AM, Bajaj Electricals shares were trading 2.06% lower at ₹1,035.00 on the NSE.

List of companies owned by Rahul Bajaj

Jennifer Philip — Fri, 15 Mar 2024 14:46:42 +0000

Rahul Bajaj (June 10, 1938 – February 12, 2022) was an Indian businessman and billionaire. He held the position of Chairman Emeritus of the renowned Bajaj Group, a prominent Indian conglomerate. Under his visionary leadership, the Bajaj Group scaled new heights and diversified into various sectors.

The Bajaj Group is a diversified Indian multinational conglomerate that traces its origins to 1926 when it was founded by Jamnalal Bajaj in Mumbai. Comprising around 40 companies operating across various sectors, the group’s flagship entity is Bajaj Auto, which holds the distinction of being the fourth largest manufacturer of two-wheelers and three-wheelers globally.

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

Bajaj Hindusthan Sugar Ltd (BHSL) is a major subsidiary of the Bajaj Group. It is the leading company in India for manufacturing sugar and ethanol, with its headquarters located in Mumbai, Maharashtra.
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.

Q4 results: Cadila Healthcare posted a net loss of Rs. 392 crore; Bajaj Electricals revenue slips by 27%

Nishi Trivedi — Fri, 19 Jun 2020 11:55:19 +0000

On Friday, the indices ended on a positive note with Nifty managed to end above 10,000 level. At close, Sensex was trading on the green mark at 34,731.7, up by 2 percent. Moreover, Bajaj Twins ended higher and gained the title of top gainers in the Nifty list.

The quarter four results of several companies were released during the session. Take a look at the results posted by some of the firms as of June 19, 2020:

1. Bajaj Electricals:
The company reported its net loss for the fourth quarter ended in March to stand at Rs 1.1 crore. This is in comparison to the net profit of Rs 24.7 crore in the same quarter last year. The revenue for the quarter under review was posted to be down by 26.7 percent at Rs 1,300.7 crore compared to Rs 1,775.2 crore.

2. Cadila Healthcare:
The Pharmaceutical company stated a 14.82 percent decline in its consolidated net profit at Rs 391.9 crore for the fourth quarter in FY20. This was owing to the one-time loss faced at Rs 52.5 crore. Earlier, the company reported its net profit for the same quarter last year to stand at Rs. 460.1 crore.
Further, the firm’s consolidated revenue for the quarter was posted at Rs 3,752.1 crore. Last year, the revenue was reported at Rs. 3,732.8 crore, marginally lower than current fiscal.

3. The Ramco Cements:
The Chennai based company posted a 11.6 percent drop in its net profit at Rs. 146.2 crore for the fourth quarter in the current fiscal year. Earlier, the net profit in the quarter in the corresponding year was stated at Rs 165.4 crore. The revenue faced a 9.3 percent decline to stand at Rs 1,390 crore compared to Rs 1,532.4 crore, previous year.

4. Unichem Laboratories:
The Pharmaceutical company reported its net loss for the quarter four ended in March to stand at Rs. 17.2 crore. Moreover, the company reported a profit of Rs 38 crore in the last fiscal, same quarter. As for the revenue, for the quarter under review the company met with 14.6 percent drop at Rs 320.2 crore compared to Rs 374.9 crore last fiscal.