Holding On

Bajaj Group Holding company sees promoter entities jacking up stakes

It’s been good going for 47-year-old Sanjiv Bajaj since he moved into the top job four years back at group holding company, Bajaj Holdings & Investment, which owns 39% in Bajaj Finserv and 31% in Bajaj Auto. While Rajiv is in charge of the auto business, the financial services business is run by Sanjiv. Since 2012, the holding company’s stock has tripled following a strong performance driven by a seven-fold rise in the stock price of Bajaj Finserv compared with a two-fold increase in the share price of Bajaj Auto.