Veteran industrialist and former Bajaj Auto vice-chairman Madhur Bajaj died here after a brief illness, sources told news agency PTI. He was 73 and is survived by his wife Kumud, and two daughters — Neelima and Nimisha.
Madhur Bajaj was admitted to Breach Candy Hospital in South Mumbai a few days ago due to health issues. Two days back, he suffered a stroke as well, the sources said. He took his last breath at the hospital at around 5 am on Friday, they said.
Bajaj’s last rites were performed in the afternoon at Worli crematorium in Mumbai. Born on August 19, 1952, a third-generation member of the late businessman and politician Jamanlal Bajaj clan, Madhur Bajaj, resigned from the vice-chairmanship of Bajaj Auto in January last year owing to health issues.
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Who was Madhur Bajaj?
After attending the prestigious Doon School of Dehradun and graduating from Mumbai’s Sydenham College in 1973, he completed his MBA at the International Institute of Management Development (IMD) in Lausanne, Switzerland, in 1979.
Madhur Bajaj also served as a director of Bajaj Finserv Limited, Bajaj Electricals Limited, and several other companies in the Bajaj Group. He was also the Chairman of Maharashtra Scooters Limited.
He was President of the Society of the Indian Automobile Manufacturers (SIAM) from 2005-07 and past President of Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA), the apex Industries Association of Pune. Bajaj received the ‘Vikas Rattan’ Award from the International Friendship Society of India for enriching human life and outstanding achievements.
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India Inc condoles Bajaj’s death
“With profound grief, we at SIAM and the Indian Automobile Industry mourn the sad demise of Madhur Bajaj, former vice chairman of Bajaj Auto Ltd (and former president of SIAM during 2005-07,” SIAM President and Managing Director of Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd, Shailesh Chandra said in a statement on X.
Expressing his condolences on the death of Madhur Bajaj, Union Commerce and Industry Minister Piyush Goyal, in a post on X said, “Saddened by the demise of Shri Madhur Bajaj ji, former Vice-Chairman of Bajaj Auto Ltd. He will be remembered for his exemplary leadership, which not only propelled the Bajaj Group to greater heights but also contributed to the India story. My deepest condolences to his family, friends, and well-wishers.”
