Where the rich are investing 2015

Shekhar Bajaj

For the chairman of Bajaj Electricals, there is  no better bet than investing in his group companies

Published 7 years ago on Nov 19, 2015 1 minute Read
Soumik Kar

Shekhar Bajaj drives for 20 minutes each morning to his office in Mumbai’s Flora Fountain from his sprawling sea-facing apartment in Cuffe Parade. This is the only real estate investment that Bajaj has made and one that was from the convenience point of view. “The fact is that I do not understand real estate as a sector,” says the 67-year-old, pointing out that there are serious questions today about the sector’s performance. Bajaj’s investment strategy, on the other hand, is not just simple but has remained unchanged for many years now. “I am completely invested in the equities of Bajaj Group companies, which are spread across different sectors,” he says. This list includes names such as Bajaj Auto, Bajaj Electricals, Mukand, Bajaj Finserv and the group’s joint ventures with Germany’s Allianz and Hercules Hoists.