Veteran industrialist and former chairman of Bajaj Group Rahul Bajaj passed away in Pune on Saturday. He was 83.
Rahul Bajaj was not keeping well for quite some time and died at 2.30 pm. His last rites will be held on Sunday.
"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,” the Bajaj Group said in a statement.
“He passed away on the afternoon of 12th February, 2022 in the presence of his closest family members," the statement further said.
Rahul Bajaj had resigned as chairman and non-executive director of Bajaj Auto in April last year and was currently the Chairman Emeritus of the firm.
The industrialist was conferred with Padma Bhushan, the third highest civilian award in 2001.