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Industrialist Rahul Bajaj, former chairman of Bajaj Group, passes away

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                                 Rahul Bajaj, former chairman of the Bajaj Group, died in India's western Pune city on Saturday. He was 83.Bajaj had been admitted to the Ruby Hall Clinic hospital in Pune. He had pneumonia and a heart problem."It is with deep sorrow that I inform you about the passing away of Shri Rahul Bajaj, husband of the late Rupa Bajaj and father of Rajiv/Deepa, Sanjiv/Shefali and Sunaina/Manish. He passed away on the afternoon of February 12, 2022, in the presence of his closest family members," a statement from Bajaj Group read.

                                Till February 2021, Rahul Bajaj was ranked 421 on the Forbes list of the world's billionaires with a net worth of USD 8.2 billion.Reacting to Bajaj's demise, Indian politicians and ministers paid tributes to the celebrated entrepreneur.Nationalist Congress Party chief Sharad Pawar said he lost a close friend, while the country lost an industrialist, a philanthropist and a lighthouse for young entrepreneurs. 

                             "I am deeply shocked to learn about the sad demise of Padma Bhushan Shri Rahul Bajaj! The grandson of eminent freedom fighter Jamnalal Bajaj brought transformation in society especially in poor and middle-class people with his two-wheel technology - a Bajaj Bike!“The affordable vehicle increased mobility, eased struggle for getting means of livelihood and became the tool of socio-economic change! We Indians are deeply indebted for his immense contribution to the industry,” Pawar further wrote on Twitter.

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