The diversified Bajaj group, having interests in auto and financial services, turned 100 years old on Monday.
Prime Minister Narendra Modi lauded the group’s work through the decades, noting that it has helped in the cause of nation-building.
“Over the decades, the Bajaj Group has played an important role in nation-building by creating jobs, fostering innovation and supporting community development,” Modi said in a congratulatory message.
The group celebrated with an event in central Mumbai on Monday that was attended by a slew of politicians, business people and others.
Founded in 1926 in Mumbai by Jamnalal Bajaj, who was also actively involved in the freedom struggle and is considered the fifth adopted son of Mahatma Gandhi, the group now has a market capitalisation of USD 148 billion and employs 1.3 lakh people.
Amid the greater thrust on domestic manufacturing, Niraj Bajaj, the chairman of Bajaj Auto, reminded that India’s journey towards self-reliance did not begin recently,
