Latest News | FM Condoles Death of Veteran Industrialist Rahul Bajaj

New Delhi, Feb 12 (PTI) Finance Minister Nirmala Sitharaman condoled the death of veteran industrialist Rahul Bajaj, who put Indian industry on the world map.

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"A stalwart of Indian industry passes away. Shri. #RahulBajaj was passionate about his work. He spoke for the entire industry and mentored many budding entrepreneurs. Condolences to his family and friends," the Finance Minister said in a tweet.

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Bajaj (83) died on Saturday due to age-related illness. He was not keeping well for some time.

Born on June 10, 1938, he headed the Bajaj group of companies which have presence across segments such as automobiles, general and life insurance, investment and consumer finance, home appliances, electric lamps, wind energy, special alloy and stainless steel, material handling equipment and travel.

Under his stewardship, flagship firm Bajaj Auto saw its turnover growing to Rs 12,000 crore from just Rs 7.2 crore with the firm's scooters becoming the mainstay.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)