Rahul Bajaj, the non-executive chairman of Bajaj Auto, has resigned from his post.
Rahul Bajaj, the non-executive chairman of Bajaj Auto Limited, had been leading the group companies for nearly 5 decades. He will be relieved of his post in the evening of 30 April 2021.
New Delhi. Vehicle manufacturer Bajaj Auto Limited today announced that the non-executive chairman of the company, Rahul Bajaj, has resigned from the post of chairman of the company (Rahul Bajaj Resigned). Rahul Bajaj has been operating the company since 1972. He has been associated with the Bajaj Group of Companies for the last nearly 5 decades. He has now resigned from the post citing his growing age. He will retire from the post of Non-Executive Director and the Chairman of the company on the evening of 30 April 2021. Chairman of the company appointed for 5 years Emeritus On behalf of Bajaj Auto, it has been said that Rahul Bajaj has made a big contribution to the success of the company and the group in the last 5 decades. Rahul Bajaj’s excellent experience and interest in the company as well as his experience, knowledge and intelligence as a consultant and mentor will continue to benefit from time to time. Therefore, in the meeting of the board of directors today, it has been approved to appoint Rahul Bajaj as the company’s Emeritus for the next 5 years from May 1, 2021, on the recommendation of the Nomination and Remuneration Committee. read this also- Gold Price Today: Gold prices today rose marginally, silver prices increased sharply, see new prices quicklyCompany presents March 2021 quarterly results, increased profits Bajaj Auto has also presented its quarterly results. The company’s profit in the March 2021 quarter increased by 1.7 percent to Rs 1,332.1 crore on a year-on-year basis. The company’s profit was Rs 1,310.3 crore in the same quarter last year. In the fourth quarter of the financial year 2021, there has been a good increase in the company’s revenue. The company’s revenue in the March quarter increased by 26.1 per cent to Rs 8,596.1 crore. The company’s revenue was Rs 6,815.9 crore in the same quarter last year.