Rahul Bajaj, former chairman of the Bajaj Group, died in India’s western Pune metropolis on Saturday. He was 83.
Bajaj had been admitted to the Ruby Corridor Clinic hospital in Pune. He had pneumonia and a coronary heart drawback.
Dr Parvez Grant, chief heart specialist and managing trustee of Ruby Corridor Clinic, mentioned he was admitted to the hospital for the final one month.
“He died as a consequence of age-related and heart- and lung-related illnesses,” Grant added.
He died round 2.30 pm, the official mentioned. The final rites shall be held on Sunday.
Bajaj is survived by two sons, Rajiv Bajaj and Sanjiv Bajaj; and daughter Sunaina Kejriwal.
“It’s with deep sorrow that I inform you concerning the passing away of Shri Rahul Bajaj, husband of the late Rupa Bajaj and father of Rajiv/Deepa, Sanjiv/Shefali and Sunaina/Manish. He handed away on the afternoon of February 12, 2022, within the presence of his closest relations,” an announcement from Bajaj Group learn.
He resigned from his place of non-executive director and chairman at Bajaj Auto on April 30 final yr.
Rahul Bajaj was awarded India’s third-highest civilian award Padma Bhushan in 2001. Bajaj additionally served as an MP in Rajya Sabha, India’s higher home.
Until February 2021, Rahul Bajaj was ranked 421 on the Forbes record of the world’s billionaires with a internet value of USD 8.2 billion.
Reacting to Bajaj’s demise, Indian politicians and ministers paid tributes to the celebrated entrepreneur.
Union Minister of Street Transport and Highways Nitin Gadkari mentioned, “My heartfelt tributes to Rahul Bajaj ji, a profitable entrepreneur, philanthropist and former chairman of Bajaj. I’ve had a private relationship with Padma Bhushan awardee Rahul ji for a few years.”
Maharashtra Cupboard minister Nawab Malik mentioned, “Grieved to study concerning the demise of Rahul Bajaj Ji, chairperson of Bajaj Group. Condolences and energy to his household and shut ones.”
Nationalist Congress Get together chief Sharad Pawar mentioned he misplaced an in depth pal, whereas the nation misplaced an industrialist, a philanthropist and a lighthouse for younger entrepreneurs.
“I’m deeply shocked to study concerning the unhappy demise of Padma Bhushan Shri Rahul Bajaj! The grandson of eminent freedom fighter Jamnalal Bajaj introduced transformation in society particularly in poor and middle-class folks along with his two-wheel know-how – a Bajaj Bike!
“The inexpensive automobile elevated mobility, eased battle for getting technique of livelihood and have become the instrument of socio-economic change! We Indians are deeply indebted for his immense contribution to the business,” Pawar additional wrote on Twitter.
(With inputs from businesses)