Kamalnayan Bajaj - page 19

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KamalnayanBajaj –Architect of theBajajGroup
Politicsmade the 1942-1972 era evenmore
interesting: the freedom struggle, the traumatic end
of British rule, the tragedies of Partition, threewars
withPakistan, and onewithChina. Besides the
eccentric primeministerships of Jawaharlal Nehru
and IndiraGandhi.
These decades saw experiments in economic
and industrial policy-makingwhich frequently
disrupted a company’s business plan. British
laissez-faire disappeared, to be replaced by
Soviet style centralised planningwith five year plans
and anMRTPCommission. The abolishing of the
managing agency system introduced board-run
companies. Companies had to throw out tried and
tested oldways of working and learn to cope in the
new environment.
Thiswas the uncertain, unstable India inwhich
KamalnayanBajaj built a group of companies based on
the concepts of trust, fairness andhonesty.Howdidhe
achievewhat he didwithout compromisinghis ethics?
This is his story. Born 1915.Head of the family 1942,
age 27.Dies 1972, age 57.
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