Bajaj Electricals

About Bajaj Group

An Impressive Legacy of Evolution

The Bajaj Group has consistently exceeded the expectations of its customers, patrons, employees, communities, and other stakeholders while remaining true to the vision and principles of its founder, Shri Jamnalal Bajaj. With its foundation laid over nine decades ago in 1926, the Group has grown into a dynamic conglomerate that promotes shared prosperity and the greater good.

Today, the Bajaj Group is one of India's most esteemed business houses, operating across diverse industries such as automobiles, financial services, insurance, steel, consumer appliances, fast-moving electrical goods, engineering, procurement and construction, travel and tourism, and material handling.

About Bajaj Electricals

Built on Trust and Legacy

Bajaj Electricals is one of the most renowned Consumer Products, Lighting Solutions and EPC Project companies in India. With a rich legacy spanning over eight decades, the Company has earned a reputation as a ‘trusted brand’ that is dedicated to maximising value creation for diverse stakeholders.

The Company has undergone a remarkable transformation journey in recent years. From a rich legacy spanning over 85 years, the company has successfully achieved significant milestones, including a turnaround in performance, debt free status, and the adoption of a consumer-centric 'house of brands' approach. This transformation has empowered Bajaj Electricals to drive agility, innovation, and focused growth across its diverse business portfolio.

With a strong commitment to excellence, customer satisfaction, and technological advancements, BAJAJ, Nirlep and Morphy Richards have emerged as preferred brands in the Indian market. This dedication has played a significant role in the sustained growth and success of the group.

Chairman’s message

Our future is equally exciting: as we soon split into 2 companies going forward – Bajaj Electricals Limited and Bajel Projects Limited – we have laid strong foundations for each of them to do well and grow.

Dear Shareholders,

The year 2022-23 has been a landmark year for your Company in many ways. As we have shared in earlier investor communications, a few years ago we embarked upon our transformation journey with a vision to make 2020-2030 the “Decade of Bajaj Electricals”. As we completed Horizon 1 of that strategic roadmap during the year gone by and have entered Horizon 2, we are beginning to see the clear fruits and milestones in this journey.