IntroductionBajaj Group is an Indian conglomerate founded by Jamnalal

Bajaj in Mumbai in 1926.[2][3] Bajaj Group is one of the oldest and largest conglomerates based in Mumbai, Maharashtra.[4] The group comprises 36 companies and its flagship company Bajaj Auto is ranked as the world's fourth largest two- and three-wheeler manufacturer.[5] Some of the notable companies are Bajaj Auto Ltd, Bajaj Finserv Ltd, Hercules Hoists Ltd, Bajaj Electricals, Mukand Ltd, Bajaj Hindusthan Ltd and Bajaj Holding & Investment Ltd.[6] The group has involvement in various industries that include automobiles (2- and 3-wheelers), home appliances, lighting, iron and steel, insurance, travel and finance.

History

Suraj Kumar Singh (1884–1942)The Bajaj Group of Companies was founded by Jamnalal

Bajaj and enjoyed significant growth. However, Bajaj's business interests were the means to a larger and holistic end.

Kamalnayan Bajaj (1915–1972)

Kamalnayan Bajaj the eldest son of Jamanalal Bajaj started shouldering family responsibilities from an early age. After completing his education from University of Cambridge, England, Kamalnayan returned to India to assist his father Jamanalal, both in business and in social service. Kamalnayan was a man of strict principles, which he never swerved from. He had earmarked a large portion of the income from his family business for public causes and social service programmes, the mantle of all of which he had inherited from his father. He always had a sense of a larger social mission, transcending the dictates of business and the bottom line.

Every new business venture that Kamalnayan got into, eloquently testified to his legendary business acumen. With tremendous foresight and a spirit of zestful enterprise, Kamalnayan acquired ailing industrial units and then turned them around. He went on to expand the business by branching into manufacture of scooter, three-wheeler, cement, alloy casting and electricals. In 1954, Kamalnayan took over active management of the Bajaj Group companies.

Ramkrishna Bajaj (1924–1994)Ramkrishna Bajaj, the younger son of Jamanalal, took over after

the demise of his elder brother Kamalnayan Bajaj in 1972. In addition to shouldering business responsibilities, Ramkrishna’s energies were largely directed towards the social service and social welfare programmes of the Bajaj Group. He was of the firm conviction that he could make an impactful and meaningful contribution to the community through social work.

Ramkrishna had a flair and panache for working with youth. He was elected as the Chairman of World Assembly for Youth (India) in 1961. He also held the office of the Managing Trustee of the Indian Youth Centres Trust, which conceived and created the Vishwa Yuvak Kendra in 1968, a trail-blazing organisation in youth development.

Rahul BajajRahul Bajaj, the chairman and managing director of the Bajaj

group, is one of India's renowned industrialists and is internationally respected for his business expertise and entrepreneurial character. Rahul Bajaj is the grandson of Jamnalal Bajaj, who founded the Bajaj Group. He completed his schooling from Cathedral, a school in Bombay. Then he further pursued his studies from St Stephen's College, Delhi,Government Law College, Mumbai and Harvard University, USA. He took over control of the Bajaj Group in 1965 and successfully established one of India's largest conglomerates.

Bajaj Group companies

Bajaj Auto Ltd. – Manufacturers of Scooters, Motorcycles and Three-wheeler vehicles and spare parts.

Bajaj Finance Ltd. – Deals in financial services including hire purchase, financing & leasing.

Bajaj Finserv Ltd – Financial Services. Bajaj Holdings & Investment Ltd. – Investment company focusing

on new business opportunities. Mukand Ltd. – Manufacturers of stainless, alloy and special steels

including carbon and alloy steels. Bajaj Electricals Ltd. - Manufacturers of electric fans, highmasts,

lattice closed towers and poles. Bajaj Ventures Ltd. – involved in manufacturing and trading of

power tools and manufacturing of houseware and parts. Maharashtra Scooters Ltd. k- Manufacturers of Scooters. Bajaj Allianz General Insurance Company Ltd. – General

insurance business. Bajaj Allianz Life Insurance Co Ltd. – Life insurance business. Bajaj Financial Solutions Ltd. – Distribution of financial products

and services. Bajaj Allianz Financial Distributors]] Ltd. – Distribution of

financial products. Bajaj Auto Holdings Ltd. – Investment Company. PT Bajaj Auto Indonesia (PTBAI) - Bajaj Auto venture in

Indonesia. Bajaj Auto International Holdings BV – Bajaj Auto venture in

Netherlands. Hind Lamps Ltd. – Manufactures GLS, fluorescent, miniature

lamps and major components, such as glass shells, miniature and alluminium caps, lead glass.

Mukand Engineers Ltd. – Construction, fabrication and erection of industrial and infrastructural projects and infotech business.

Mukand International Ltd. – Trading in metals, steel and ferro alloys.

Bajaj Sevashram Pvt. Ltd. – Investment activities. Jamnalal Sons Pvt. Ltd. – Investment and finance company. Rahul Securities Pvt. Ltd. Shekhar Holdings Pvt. Ltd. Madhur Securities Pvt. Ltd. Niraj Holdings Pvt. Ltd. Rupa Equities Pvt. Ltd. Kamalnayan Investments & Trading Pvt. Ltd. Sanraj Nayan Investments Pvt. Ltd. Hercules Hoists Ltd. – Manufactures ‘INDEF’ brand materials

handling equipment such as triple spur gear chain pulley blocks, chain electric hoists and wire rope.

Hind Musafir Agency Ltd. – Travel agency. Bajaj International Pvt. Ltd. – Export electric fans, GLS lamps,

fluorescent tubes, light fittings, etc. Bachhraj Factories Pvt. Ltd. – Ginning and pressing of cotton

bales. Baroda Industries Pvt. Ltd. – Investment company. Jeewan Ltd. – Investment company Bachhraj & Co. Pvt. Ltd. – Investment company. The Hindusthan Housing Co. Ltd. – Services company. Hospet Steels Ltd. – Steel plant consisting of Iron Making

Division, Steel Making Division and Rolling Mill Division.

Corporate social responsibilityBajaj Group is involved in a variety of welfare activities, which

are carried out with the support of its companies and trusts. The social and welfare objectives of the Bajaj Group are being fulfilled through

the many Trusts and Foundations it has established. Spending up to  100 million₹  (US$1.5 million) every year.[7]

EducationShiksha Mandal Wardha was established in 1914 by Jamnalal

Bajaj for educating the youth of India. This Mandal was a part of the national movement and received support for several national leaders including Mohandas Karamchand Gandhi. It was also the first institute in India to prepare text books and conduct examinations in Hindi and Marathi at the graduate level. Currently, the Mandal runs two commerce colleges (in Wardha & Nagpur, a Science College and Agricultural college and Rural Institute and a Polytechnic at Wardha. It has almost 10,000 students on its rolls. 6 of its 7 colleges are government aided and hence its fees are low. It aims to provide values based, high quality education and It has succeeded in quite a measure. Its Science college has been adjudged as a College with Potential for Excellence by the UGC. Its Agriculture college has been rated as 'A' by its affiliating university and its Polytechnic has been rated as "excellent" by MSBTE.

Kamalnayan Bajaj School location at Chinchwad was established in 1976. Initially it started off as a school providing education from Lower KG to grade 12 and in 2007 it also started running a junior college.

Dnyaneshwar Vidyapeeth was supported by Madhur Bajaj Vice-Chairman, Bajaj Auto Ltd for its autonomous engineering school [8] which offers a variety of engineering professional courses.

Janaki Devi Bajaj Institute of Management Studies was established in August 1997. It is a Centre of Management Studies and the Postgraduate Department of Management Education of the SNDT Women's University. It offers a variety of full-time and part-time professional courses at Masters level and postgraduate Diploma courses in management specifically for women.

Jamnalal Bajaj Institute of Management Studies, set up by the University of Mumbai in collaboration with the Graduate School of Business, Stanford University. With a donation from the Jamnalal Bajaj Seva Trust, was established in 1965. It was the first to start a full-time 2-year Masters Programme in Management Studies (MMS) in India. Besides that, it offers various management courses for executives.

Bajaj Group volunteered to adopt 3 Industrial training institute for Upgradation – ITI Mulshi, ITI Haveli and ITI Ramnager. A two-day training program was organised for all the staff of the Institutes, at a remote location, to "open the minds" to "aim high" and receive better ideas and go out and achieve excellence.

The company enabled Education of eligible bright Backward students with the launch of a program that would help scheduled castes and scheduled tribes students achieve academic excellence and make them at par with those who can afford coaching for top institutes.

HealthKamalnayan Bajaj Hospital in Aurangabad was established in

1990 as a hospital and research center. Although it was relatively small when it started, it has soon grown into a very well equipped hospital with 225 beds, 60 full-time doctors and 150 staff, organ transplant center, well-equipped Cath Lab, CT Scan, MRI, Mammography & Dept of radiation oncology and so on.

The Bajaj-YCM Hospital A.R.T Center for HIV/Aids in Pimpri was established as a Public Private Partnership between Government of India – Ministry of Health and Family Welfare – National AIDS Control Organisation (NACO) and Confederation of Indian Industry (CII) to provide better healthcare facilities to Aids patients.

Women empowerment

Among others, one of the objectives of the Jankidevi Bajaj Gram Vikas Sanstha is to empower women and it has been doing so by training women in using improved technology for storage of food grains and initiating goat rearing projects owned and managed by women, emphasising the importance of family planning particularly tubectomy operations and securing loans for women members for both consumption and income generation.

IMC Ladies' Wing Jankidevi Bajaj Puraskar for Rural Entrepreneurship, which commemorates the birth centenary of the late Smt. Jankidevi Bajaj, is an award conferred for outstanding contribution of women working for rural development

Self-relianceThe Jamnalal Bajaj Seva Trust initially assisted Sarvodaya

workers and Gandhian constructive programmes. However, some years down, it established the International Sarvodaya Centre in Vishwaneedam with an aim to promote agriculture, dairy development, rural development and training local women and youth for self-employment. It also funded the establishment of Jamnalar Bajaj Institute of Management Studies and undertook the maintenance of Bajajwadi at Wardha. Finally, the trust has also made significant contributions to the promotion of arts and culture through the Kamalnayan Bajaj Hall and Art Gallery.

The Jankidevi Bajaj Gram Vikas Sanstha also pays great emphasis on self-reliance and it helps the rural population to do so by building family-size biogas plants, training women in using improved technology for storage of food grains and so on.

The IMC Ramkrishna Bajaj National Quality Awards was instituted in 1997 to encourage Indian Industry to be alert to the importance of quality in the context of global competitiveness. The Quality Award is presented every year to companies in manufacturing, service sector and small business company.

The Institute of Gandhian Studies, established in 1987, promotes long-term and short-term study courses on Gandhian thoughts and methodology. The courses have attracted participation of students, youth and academicians from countries like the U.S., U.K., Germany, Holland, Norway and many Asian countries. In addition to the courses, the institute also organises seminars, consultative meets for Panchayat workers, special courses for women members of the Panchayats and trade union workers.

Rural development

The trusts that work towards rural development include Jankidevi Bajaj Gram Vikas Sanstha, Jamnalal Bajaj Foundation, Jamnalal Kaniram Bajaj Trust and Jamnalal Bajaj Seva Trust. The welfare activities are carried out in collaboration with CAPART, Khadi and Village Industries Commission, NEDA, respective State Governments and beneficiaries.

The rural development activities were aimed at improving the living conditions of the rural population via income generation, training for self-employment, improved health and sanitation, supply of drinking water, improved agricultural and land maintenance practices such as horticulture, social forestry and reclamation of waste land. Other activities include distribution of solar-lantern & solar cookers, installation of bio-gas plants, deepening and widening of wells and drinking water scheme, tree plantation and kitchen gardens, lift irrigation, veterinary services like insemination, vaccination and distribution of cattle feed, watershed development and building of model villages, distribution of agricultural equipment and building a center of Child Labor Welfare.

In addition, the Bajaj Group has also undertaken several educational activities. They not only focus on mainstream education through the maintenance and running of Bal Sanskar Kendras, Balwadis and conducting study tours, but also on vocational education through

tailoring classes, literacy and hobby classes, training programmes for self-employment, and so on. Jamnalal Bajaj Award was established in 1978 by the Jamnalal Bajaj Foundation.[9]

Some of thedevelopment, family planning particularly tubectomy operations, polio immunisation campaigns, securing loans for women members for both consumption and income generation.

Environment & natural resourcesThe Jankidevi Bajaj Gram Vikas Sanstha has taken several steps

towards improving the ecological balance. Some of its activities in this area include water conservative projects for improving agricultural productivity, helping build family-size biogas plants, conducting vermiculture projects, and so on.

Awards & recognitionThe Brand Trust Report 2011, a study by Trust Research

Advisory has ranked Bajaj in 12th position among India's most trusted brands. Standing on the 12th position, it is one of the few Indian brands with an 'international' distinction, and that of being the largest producer of scooters in the world. In the Brand Trust Report 2012, Bajaj was ranked 7th Most Trusted brand in India and in Brand Trust Report 2013 Bajaj slipped one place to the 8th position among India's Most Trusted brands.

In 2014, Bajaj was ranked 46th among India's most trusted brands by the Brand Trust Report 2014. The Report also listed Bajaj Pulsar, Bajaj Allianz, Bajaj Electricals and Bajaj Almond Oil among India's most trusted brands.[10]

regions wherdevelopment, family planning particularly tubectomy operations, polio immunisation campaigns, securing loans for women members for both consumption and income generation.

Environment & natural resourcesThe Jankidevi Bajaj Gram Vikas Sanstha has taken several steps

towards improving the ecological balance. Some of its activities in this area include water conservative projects for improving agricultural productivity, helping build family-size biogas plants, conducting vermiculture projects, and so on.

Awards & recognitionThe Brand Trust Report 2011, a study by Trust Research

Advisory has ranked Bajaj in 12th position among India's most trusted brands. Standing on the 12th position, it is one of the few Indian brands with an 'international' distinction, and that of being the largest producer of scooters in the world. In the Brand Trust Report 2012, Bajaj was ranked 7th Most Trusted brand in India and in Brand Trust Report 2013 Bajaj slipped one place to the 8th position among India's Most Trusted brands.

In 2014, Bajaj was ranked 46th among India's most trusted brands by the Brand Trust Report 2014. The Report also listed Bajaj Pulsar, Bajaj Allianz, Bajaj Electricals and Bajaj Almond Oil among India's most trusted brands.[11] e these rural development, family planning particularly tubectomy operations, polio immunisation campaigns, securing loans for women members for both consumption and income generation.

Environment & natural resourcesThe Jankidevi Bajaj Gram Vikas Sanstha has taken several steps

towards improving the ecological balance. Some of its activities in this area include water conservative projects for improving agricultural productivity, helping build family-size biogas plants, conducting vermiculture projects, and so on.

Awards & recognition

The Brand Trust Report 2011, a study by Trust Research Advisory has ranked Bajaj in 12th position among India's most trusted brands. Standing on the 12th position, it is one of the few Indian brands with an 'international' distinction, and that of being the largest producer of scooters in the world. In the Brand Trust Report 2012, Bajaj was ranked 7th Most Trusted brand in India and in Brand Trust Report 2013 Bajaj slipped one place to the 8th position among India's Most Trusted brands.

In 2014, Bajaj was ranked 46th among India's most trusted brands by the Brand Trust Report 2014. The Report also listed Bajaj Pulsar, Bajaj Allianz, Bajaj Electricals and Bajaj Almond Oil among India's most trusted brands.[12] evelopment actidevelopment, family planning particularly tubectomy operations, polio immunisation campaigns, securing loans for women members for both consumption and income generation.

Environment & natural resourcesThe Jankidevi Bajaj Gram Vikas Sanstha has taken several steps

towards improving the ecological balance. Some of its activities in this area include water conservative projects for improving agricultural productivity, helping build family-size biogas plants, conducting vermiculture projects, and so on.

Awards & recognitionThe Brand Trust Report 2011, a study by Trust Research

Advisory has ranked Bajaj in 12th position among India's most trusted brands. Standing on the 12th position, it is one of the few Indian brands with an 'international' distinction, and that of being the largest producer of scooters in the world. In the Brand Trust Report 2012, Bajaj was ranked 7th Most Trusted brand in India and in Brand Trust Report 2013 Bajaj slipped one place to the 8th position among India's Most Trusted brands.

In 2014, Bajaj was ranked 46th among India's most trusted brands by the Brand Trust Report 2014. The Report also listed Bajaj Pulsar, Bajaj Allianz, Bajaj Electricals and Bajaj Almond Oil among India's most trusted brands.[13] vities have been implemented include Wardha, Pune, Aurangabad districts of Maharashtra, villages surrounding Shikohabad in Uttar Pradesh, Kashi-ka-bas village (birthplace of Jamnalal Bajaj) and some of the surrounding villages in Sikar district of Rajasthan, and some of the villages adjoining Vishwaneedam, Bangalore.

Jankidevi Bajaj Gram Vikas Sanstha, a trust, named after the Padma Vibhushan late Jankidevi Bajaj, wife of late Shri Jamnalal Bajaj, was established in 1987. The aim of this trust is to work towards improving the quality of life of people in rural areas, eliminating poverty, empowering women, development of human and natural resources, promoting ecological balance, and so on. At present, it is being implemented in 24 remote and backward villages in the cities of Pune and Aurangabad. Some of the initiatives implemented include water conservation projects for improving agricultural productivity, construction of latrines, family size biogas plants, training women in using improved technology for storage of food grains, goat rearing projects owned and managed by women, vermiculture projects, improving agricultural implements in 11 villages, dairy

Bajaj Auto Limited is an Indian two-wheeler and three-wheeler manufacturing company.[3] Bajaj Auto manufactures and sells motorcycles, scooters and auto rickshaws. Bajaj Auto is a part of the Bajaj Group. It was founded by Jamnalal Bajaj in Rajasthan in the 1940s. It is based in Pune, Mumbai, with plants in Chakan (Pune), Waluj (near Aurangabad) and Pantnagar in Uttarakhand.[4] The oldest plant at Akurdi (Pune) now houses the R&D centre 'Ahead'.

Bajaj Auto is the world's sixth-largest manufacturer of motorcycles and the second-largest in India.[5] It is the world's largest three-wheeler manufacturer.[6]

On May 2015, its market capitalisation was  640₹ billion (US$9.5 billion), making it India's 23rd largest publicly traded company by market value.[7] The Forbes Global 2000 list for the year 2012 ranked Bajaj Auto at 1,416.[4]

Bajaj scooter built under license from Vespa

Bajaj Auto came into existence on 29 November 1944 as M/s Bachraj Trading Corporation Private Limited.[8] It started off by selling imported two- and three-wheelers in India.[8] In 1959, it obtained a licence from the Government of India to manufacture two-wheelers and three-wheelers[8] and it became a public limited company in 1960.[9] In 1970, it rolled out its 100,000th vehicle.[9] In 1977, it sold 100,000 vehicles in a financial year.[9] In 1985, it started producing at Waluj near Aurangabad.[9] In 1986, it sold 500,000 vehicles in a financial year.[9] In 1995, it rolled out its ten millionth vehicle and produced and sold one million vehicles in a year.[10]

With the launch of motorcycles in 1986, the company has changed its image from a scooter manufacturer to a two-wheeler manufacturer.

According to the authors of Globality: Competing with Everyone from Everywhere for Everything, Bajaj has operations in 50 countries creating a line of bikes targeted to the preferences of entry-level buyers.[11]

Products

Bajaj Pulsar 180 DTSi

Bajaj RE (auto-rickshaw)

Main article: List of Bajaj Auto products

Bajaj manufactures and sells motorcycles, scooters, auto-rickshaws and most recently, cars. Bajaj Auto is India's largest exporter of motorcycles and three-wheelers.[1] Bajaj Auto's exports accounted for approx. 35% of its total sales. 47% of its exports are made to Africa. Boxer motorcycle is the largest selling single brand in Africa.

Scooters

Bajaj Kristal DTSi Bajaj wave DTSi Bajaj saphireMotorcycles

Motorcycles in production are the Dominar 400,[12] Platina, Discover, Pulsar and Avenger and CT 100. Bajaj also distributes motorcycles in India for other manufacturers, such as Kawasaki (Ninja 250R, Ninja 300, Ninja 650R)[13] and – new for 2012 – KTM (200 Duke, 390 Duke).[14]

In FY 2012-13, it sold approximately 3.76 million motorcycles which accounted for 31% of the market share in India. Of these, approximately 2.46 million motorcycles (66%) were sold in India and remaining 34% were exported.

Three wheelersIt is the world's largest manufacturer of 3-wheelers and accounts for almost 84% of India's three-wheeler exports. During the FY 2012-13, it sold approx. 480,000 three-wheelers which was 57% of the total market share in India. Out of these 480,000 three-wheelers, 53% were exported and remaining 47% were sold in India.

Low cost carsIn 2010, Bajaj Auto announced cooperation with Renault and Nissan Motor to develop a US$2,500 car, aiming at a fuel efficiency of 30 kilometres per litre (85 mpg-imp; 71 mpg-US) (3.3 L/100 km), or twice an average small car, and carbon dioxide emissions of 100 g/km.[15][16]

On 3 January 2012, Bajaj auto unveiled the Bajaj RE60, a mini car for intra-city urban transportation. The target customer group will be Bajaj's three-wheeler customers.[17]According to its Managing Director Rajiv Bajaj, the RE60 powered by a new 200 cc rear

mounted petrol engine will have a top speed of 70 kilometres per hour (43 mph), a mileage of 35 kilometres per litre (99 mpg-imp; 82 mpg-US) and carbon dioxide emissions of 60 g/km.[17][18]

Timeline of new releases[edit]

Year Products Note Ref

1961–1971

Vespa 150under the licence of Piaggio of Italy

1971 Bajaj 150 scooter

a clone of the Vespa 150 was sold for limited period.

1971 Three-wheeler goods carrier.

1972 Bajaj Chetak

1976 Bajaj Super

1976 Bajaj Priya

1977 Rear engine autorickshaw

1981 Bajaj M-50

1986 Bajaj M-80, Kawasaki Bajaj KB100

1990 Bajaj Sunny

1991 Kawasaki Bajaj 4S Champion

1993 Bajaj Stride

1994 Bajaj Classic

1995 Bajaj Super Excel

1996 Bajaj SX Enduro

1997Kawasaki Bajaj KB125, Kawasaki Bajaj Boxer

1998Kawasaki Bajaj Caliber, Bajaj Super 99

1999Bajaj Legend, Bajaj Bravo, Bajaj Chetak 99, Bajaj Spirit

[19]

2000 Bajaj Saffire, Bajaj Prowler

2001

Kawasaki Bajaj Eliminator, Kawasaki Bajaj Aspire, Kawasaki Bajaj Caliber Croma, Bajaj Byk, Bajaj Pulsar

2003Kawasaki Bajaj Caliber 115, Kawasaki Bajaj Wind 125, Bajaj Pulsar DTS-i

2004Bajaj CT 100, New Bajaj Chetak 4-stroke with Wonder Gear, Bajaj Discover DTS-i

2005Bajaj Wave, Bajaj Avenger, Bajaj Discover 112

2006 Bajaj Platina

2007Bajaj Pulsar-200 (Oil Cooled), Bajaj Kristal, Bajaj Pulsar 220 DTS-Fi (Fuel Injection), XCD 125 DTS-Si

2008 Bajaj Discover 135 DTS-i – sportUpgrade of existing 135 cc model

2009

Bajaj Pulsar 135, Bajaj XCD 135 cc, Bajaj Pulsar 150 DTS-i UG IV, Bajaj Pulsar 180 DTS-i UG IV, Bajaj Pulsar 220 DTS-i, Bajaj Discover 100 DTS-Si

2010 Bajaj Discover 150

2011 Bajaj Discover 125

2012 Bajaj RE 60Mini car for intra-city urban transportation

2012Bajaj Pulsar 200 NS, Discover 125ST

[20]

2013Bajaj Discover 125ST, Discover 100T

2014 Bajaj Discover 150F, 150S [21]

2015

Bajaj Platina 100 ES, Bajaj CT 100 (Re introduced), Pulsar RS 200, Pulsar AS200, Pulsar AS150, Pulsar NS150, Bajaj Discover 125, Avenger 150 & 220 street

2016 Bajaj V15

A bike made from the metal of war carrier, INS Vikrant

[22]

2016 Bajaj Dominar 400A powerful commuter bike

[23]

Acquisitions[edit]

Bajaj Auto bought a controlling stake in the Tempo Firodia company, renaming it "Bajaj Tempo". Germany's Daimler-Benz, a long-time collaborator with Firodia because of their ownership of the original Tempo works in Germany, owned 16% of Bajaj Tempo. Daimler sold their stake back to the Firodia group in 2001, meaning that they once again held a controlling interest, with BAL retaining 24% of the shares. It was agreed that Bajaj Tempo would gradually phase out the use of the "Tempo" brand name, as it still belonged to Mercedes-Benz.[24] The name of the company was changed to Force Motors in May 2005, dropping "Bajaj" as well as "Tempo", over the objections of Bajaj Auto with whom the company shares a long history as well as a compound wall.[25]

KTM Power Sports AGIn November 2007, Bajaj Auto acquired 14.5% stake in KTM Power Sports AG (holding company of KTM Sportmotorcycles AG). The two companies have signed a cooperation deal, by which KTM will provide the know-how for joint development of the water-cooled four-stroke 125 and 250 cc engines, and Bajaj will take over the distribution of KTM products in India and some other Southeast Asian nations.[26] As on 31 March 2013, Bajaj Auto held 47.96% stake in the company.

Demerger in 2008The demerger of Bajaj Auto Ltd into three corporate entities—Bajaj Finserv Ltd (BFL), Bajaj Auto Ltd (BAL), and Bajaj Holdings and Investment Ltd (BHIL)—was completed with the shares listing on 26 May 2008.

Listing and shareholdingListingBajaj Auto's equity shares are listed on Bombay Stock Exchange where it is a constituent of the BSE SENSEX index,[29] and

the National Stock Exchange of India where it is a constituent of the CNX Nifty.[30]

ShareholdingOn 30 Sep 2015, 49.29% of the equity shares of the company were owned by the promoters Bajaj Group and the remaining were owned by others.

Shareholders (as on 30-Sep-2015) Shareholding %

Promoters:priya Group 49.29%

Mutual Funds, FI's and Insurance Companies 08.13%

Foreign Institutional Investors 14.25%

Individual shareholders 15.12%

Bodies Corporate 08.25%

Foreign Portfolio Investments Corporation 03.51%

GDRs 00.02%

Others 01.43%

Total 100.0%

[31]

EmployeesBajaj Auto had a total of 8,036 employees as of 31 March 2013, of which 51 were women (0.63%) and 25 were differently-abled (0.31%).[32] It spent  6.5 billion₹  (US$97 million) on employee benefit expenses during the FY 2012–13. The company is headed by Rahul Bajaj, whose net worth was around US$2 billion in March 2013.[33]

Awards and recognitions

Bajaj Pulsar 135 LS received Bike of the Year 2010 award from BBC - TopGear and Bike India.[34]

Pulsar 220 DTS-Fi received the Bike of the Year 2008 award by all major Indian automobile magazines like Overdrive, AutoCar, Business Standard Motoring and Bike Top Gear.[35]

In 2006, Bajaj Auto won the Frost & Sullivan Super Platinum Award for manufacturing excellence in its Chakan Plant.[36]

It received award for The Most Customer Responsive Company in Automobiles category in a survey conducted by Economic Times for the years 2004, 2006 and 2008.[37]

Bajaj Auto received the Bike Maker of the Year award in ICICI Bank Overdrive Awards 2004.[38]

Bajaj Pulsar 180 DTS-i won the BBC World Wheels Viewers Choice Two Wheeler of the Year 2003 award.[39]

Balance Sheet of Bajaj Auto ------------------- in Rs. Cr. -------------------

Mar '16 Mar '15 Mar '14 Mar '13 Mar '12

12 mths 12 mths 12 mths 12 mths 12 mths

Sources Of FundsTotal Share Capital 289.37 289.37 289.37 289.37 289.37

Equity Share Capital 289.37 289.37 289.37 289.37 289.37

Reserves 12,002.29 10,402.78 9,318.65 7,612.58 5,751.70

Networth 12,291.66 10,692.15 9,608.02 7,901.95 6,041.07Unsecured Loans 162.48 111.77 57.74 71.27 97.48

Total Debt 162.48 111.77 57.74 71.27 97.48Total Liabilities 12,454.14 10,803.92 9,665.76 7,973.22 6,138.55

Mar '16 Mar '15 Mar '14 Mar '13 Mar '12

12 mths 12 mths 12 mths 12 mths 12 mths

Application Of FundsGross Block 4,390.25 4,100.91 4,077.04 3,828.85 3,396.06

Less: Accum. Depreciation 2,364.58 2,183.67 2,071.00 2,024.42 1,914.33

Net Block 2,025.67 1,917.24 2,006.04 1,804.43 1,481.73Capital Work in Progress 52.24 254.94 144.06 293.55 41.65

Investments 9,512.66 9,153.32 8,549.63 6,430.48 4,882.81Inventories 719.07 814.15 639.72 636.28 678.53

Sundry Debtors 717.93 716.96 796.21 767.58 422.79

Cash and Bank Balance 859.52 586.15 495.48 558.86 1,653.83

Total Current Assets 2,296.52 2,117.26 1,931.41 1,962.72 2,755.15

Loans and Advances 1,785.67 2,119.56 2,116.46 1,987.44 1,919.73

Total CA, Loans & Advances 4,082.19 4,236.82 4,047.87 3,950.16 4,674.88

Current Liabilities 2,849.60 2,766.39 3,108.15 2,762.93 2,767.63

Provisions 369.02 1,992.01 1,973.69 1,742.47 2,174.89

Total CL & Provisions 3,218.62 4,758.40 5,081.84 4,505.40 4,942.52

Net Current Assets 863.57 -521.58 -1,033.97 -555.24 -267.64Total Assets 12,454.14 10,803.92 9,665.76 7,973.22 6,138.55

Contingent Liabilities 1,980.12 1,594.74 1,170.58 1,252.99 1,445.67

Book Value (Rs) 424.78 369.50 332.04 273.08 208.77

Key Financial Ratios of Bajaj Auto

Mar '16 Mar '15 Mar '14 Mar '13 Mar '12

Investment Valuation RatiosFace Value 10.00 10.00 10.00 10.00 10.00Dividend Per Share 55.00 50.00 50.00 45.00 45.00Operating Profit Per Share (Rs) 165.17 142.26 141.89 125.63 128.56

Net Operating Profit Per Share (Rs) 784.04 746.87 696.33 691.07 674.89

Free Reserves Per Share (Rs) -- -- -- -- --

Bonus in Equity Capital 89.45 89.45 89.45 89.45 89.45Profitability RatiosOperating Profit Margin(%) 21.06 19.04 20.37 18.17 19.04Profit Before Interest And Tax Margin(%) 18.95 17.34 18.82 16.69 17.75

Gross Profit Margin(%) 19.71 17.81 19.48 17.35 18.30Cash Profit Margin(%) 16.77 15.41 16.41 15.42 16.30Adjusted Cash Margin(%) 16.77 15.41 16.41 15.42 16.30Net Profit Margin(%) 16.09 13.01 16.09 15.21 15.38Adjusted Net Profit Margin(%) 15.47 12.67 15.55 14.63 14.91

Return On Capital Employed(%) 43.24 41.01 47.92 53.51 68.13

Return On Net Worth(%) 29.71 26.31 33.75 38.51 49.72Adjusted Return on Net Worth(%) 29.71 29.49 33.75 38.51 51.94

Return on Assets Excluding Revaluations 424.78 369.50 332.04 273.08 208.77

Return on Assets Including Revaluations 424.78 369.50 332.04 273.08 208.77

Return on Long Term Funds(%) 43.24 41.01 47.92 53.51 68.13

Liquidity And Solvency RatiosCurrent Ratio 1.27 0.89 0.80 0.88 0.95Quick Ratio 1.04 0.72 0.67 0.74 0.81Debt Equity Ratio 0.01 0.01 0.01 0.01 0.02Long Term Debt Equity Ratio 0.01 0.01 0.01 0.01 0.02

Debt Coverage RatiosInterest Cover 11,220.13 682.83 9,454.16 7,901.43 188.06

Total Debt to Owners Fund 0.01 0.01 0.01 0.01 0.02Financial Charges Coverage Ratio 11,860.04 724.03 9,820.71 8,205.07 194.61

Financial Charges Coverage Ratio Post Tax 8,250.10 475.75 6,986.57 5,940.89 142.62

Management Efficiency RatiosInventory Turnover Ratio 33.35 27.66 33.08 33.20 30.18Debtors Turnover Ratio 31.62 28.57 25.77 33.60 49.90Investments Turnover Ratio 33.35 27.66 33.08 33.20 30.18Fixed Assets Turnover Ratio 5.28 5.27 4.94 5.22 5.75Total Assets Turnover Ratio 1.83 2.00 2.08 2.51 3.18Asset Turnover Ratio 1.95 2.11 2.28 2.83 3.44Average Raw Material Holding -- -- -- -- --

Average Finished Goods Held -- -- -- -- --

Number of Days In Working Capital 13.18 -12.26 -23.69 -11.90 -9.64

Profit & Loss Account RatiosMaterial Cost Composition 68.03 71.03 70.91 73.81 74.65Imported Composition of Raw Materials Consumed 4.10 4.27 4.25 4.64 4.40

Selling Distribution Cost Composition -- -- -- -- --

Expenses as Composition of Total Sales 41.45 43.69 39.52 32.83 33.93

Cash Flow Indicator RatiosDividend Payout Ratio Net Profit 43.57 51.42 44.60 42.78 43.34

Dividend Payout Ratio Cash Profit 40.19 46.95 42.26 40.59 41.34

Earning Retention Ratio 56.43 54.13 55.40 57.22 58.51Cash Earning Retention Ratio 59.81 57.72 57.74 59.41 60.35

AdjustedCash Flow Times 0.04 0.03 0.02 0.02 0.03