Bajaj Electricals, part of business conglomerate Bajaj Group, has elevated its Executive Director Anuj Poddar to Managing Director and Chief Executive Officer (CEO). The company has separated the post of Chairman & Managing Director and its patron Shekhar Bajaj will continue as Executive Chairman of the company. The separation of the Chairman and Managing Director positions is in continuation of the professionalisation of the management of the company and marks the company’s commitment to strong corporate governance standards.
Current business of Bajaj Electricals:
Bajaj Electricals had a turnover of Rs 4,813 crore in FY22. Its business portfolio spans consumer products such as appliances, fans, lighting and EPC (illumination, power transmission and power distribution). It also has a presence in premium home appliance and cookware segments with brands like Morphy Richards and Nirlep.
Important takeaways for all competitive exams:
- Bajaj Group Founder: Jamnalal Bajaj;
- Bajaj Group Founded: 1926;
- Bajaj Group Headquarters Location: Pune, Maharashtra.