Bajaj Group

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The Bajaj Group is an Indian multinational conglomerate founded by Jamnalal Bajaj in Mumbai in 1926. The group's official website claims to hold 40 companies with a market capitalization of Rs. 14 lakh crores (~US$ 167 billion). Its flagship automotive company, Bajaj Auto, is among the world's leading producers of two- and three-wheelers. The group operates across a range of industries, including automobiles, home appliances, heavy electricals, lighting, iron and steel, insurance, travel, and finance, among others. The group was founded informally by Bachhraj Bajaj, with a cotton ginning factory in Wardha, Maharashtra, in 1905. Following his death in 1906, his adopted grandson—Jamnalal Bajaj, ran the business for two decades and then established it formally as an industrial and trading business in Mumbai in 1926, named Bachhraj Factories.