New Delhi: Renowned industrialist Rahul Bajaj passed away on Saturday. Rahul Bajaj was 83 years old. He was the chairman of the Bajaj Group. The Government of India awarded the Padma Bhushan to Rahul Bajaj in 2001. From 2006 to 2010, Rahul Bajaj was also a member of the Rajya Sabha. 

Rahul Bajaj played a key role in taking the Bajaj Group to its heights in five decades. He was born on June 10, 1938, in Kolkata. He took over the command of the Bajaj Group in the 60s. In 2005, he stepped down as chairman. Thereafter, his son Rajiv Bajaj took over the responsibility.

Rahul Bajaj studied economics and law. He also holds an honours degree in economics from Delhi University, a law degree from Bombay University and an MBA from Harvard Business School. In 2008, he divided Bajaj Auto into three units. This includes Bajaj Auto, finance company Bajaj Finserv and a holding company. Rahul Bajaj was a businessman in the wake of India's freedom struggle and the grandson of Jamnalal Bajaj, a prominent supporter of Mohandas Karamchand Gandhi.

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