Rahul Bajaj resigns, resigns as Bajaj Auto chairman, Neeraj Bajaj to succeed him

- Rahul Bajaj will now play the role of consultant in the company

New delhi date. April 30, 2021, Friday

Rahul Bajaj has resigned as chairman of the country's leading automaker Bajaj Auto. He will be replaced by Neeraj Bajaj. Neeraj is currently a non-executive director in the company. Rahul Bajaj will step down as non-executive director and chairman of Bajaj Auto from April 30, 2021. The company made the disclosure in an exchange filing on Thursday.

Neeraj Bajaj is a cousin of Rahul Bajaj. He has 35 years of experience in the industry. He joined Bajaj Auto in September 2006.

Why quit the post

According to a company statement, Rahul Bajaj, 82, decided to step down citing age. Rahul Bajaj has been associated with Bajaj Auto since 1972 and Bajaj Group of Companies for the last 5 decades. He will now play an advisory role in the company after the decision is approved by the board. Rahul Bajaj has a net worth of about 5 6.5 billion.