Kushagra bajaj biography of williams sisters
Mumbai: The last day of saw the sudden and quiet resolution of the Bajaj family dispute, ending a fight in the third generation of a family business house founded in the s that had begun just as suddenly seven years ago. Rahul and Shishir are brothers and siblings Madhur, Shekhar and Niraj are their cousins, but the five have always been considered brothers.
Interestingly, the dispute saw Shishir on one side, and Rahul, Niraj, Shekhar, and Madhur on the other.
Bajaj Auto's decision to acquire an additional % stake in sugar maker Bajaj Hindusthan has fanned the flames of the four-year-old ownership dispute.
The September meeting was also attended by Kushagra Bajaj, son of Shishir Bajaj, brother-in-law of Kumar Mangalam Birla of the Aditya Birla group, and the man widely seen as having asked for more and caused the split. By the end of the meeting the five Bajaj brothers had agreed that Niraj, chairman and managing director of Mukand Ltd , the steel products firm, and the youngest of the five and his nephew, Kushagra, the joint managing director of Bajaj Hindusthan Ltd who is acknowledged even by his uncles as one of the brightest and ablest minds among the Bajaj scions, would work out the details of the settlement.
The two were asked to meet the next day to understand the issues and work out a formula that would be acceptable to both camps. Also See Family Tree Graphic. Jamnalal Bajaj, the founder of the Bajaj business house, was a businessman with a nationalist mindset who funded the freedom movement in part. Mahatma Gandhi, one story goes, used to refer to Bajaj as his fifth son.
His five grandsons, Rahul, Shishir, Shekhar, Madhur, and Niraj built and nurtured a business with interests in two-wheelers, insurance, sugar, steel, and household electrical appliances. All major business families That changed in At a family gathering in Pune, Shishir asked for a division. The rest of the family brushed off his demand because they never thought he was serious.
According to him, everyone was entitled to the same share of profit from holding companies. The two camps intermittently washed dirty linen in public and fought battles on several fronts including in the media. Kushagra was at the forefront of the battle, as was Rahul Bajaj, the patriarch of the family.