Thursday, January 17, 2008

Don’t tell us you didn’t see the movie Wild Hogs!

Still, let’s give the necessary quick run up to how the Wild ended up in Hogs-II. What was started as a trading company by Rahul’Wild Hogss grandfather, Jamnalal Bajaj, sometime in early 1900s, is today an estimated $3 billion group comprising no less then 29 companies in its manifold spread across automotive, industrial manufacturing, sugar, ethanol, electronics and insurance businesses. Bajaj Group’s flagship company, Bajaj Auto Ltd (with sales of $1.32 billion), followed by companies like Mukand Industries ($0.46 billion sales – managed along with the Shah brothers, focusing on steel and heavy industrial equipment), Bajaj Hindustan ($0.33 billion – one of India’s largest sugar and ethanol makers) and Bajaj Electrical ($0.20 billion – electronics and allied services) form the pillars of the group. But even though the ownership and management structures were clearly demarcated among the five Bajaj brothers, the once almost ‘invincibly united’ brothers have started playing truant!

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Source: IIPM Editorial, 2008

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative