Key to resolving dispute lies with Shishir: Rahul Bajaj

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The key to ending the six-year-old Bajaj family feud that is boiling over lies with Shishir Bajaj, says Rahul Bajaj, the senior most Bajaj family member and chairman of Bajaj Auto. “If they agree to the four terms laid out in the 2004 agreement, we can settle the issue,” Bajaj said.

The outbursts by Kushagra Bajaj, CEO, Bajaj Hindusthan, against his uncle Rahul Bajaj about his moves to control Bajaj Hindustan and induct his son, Sanjiv Bajaj, on to the board of the holding companies seem to have had little effect on Rahul Bajaj.

The senior Bajaj in unfazed and has stuck to his guns, putting the ball back squarely into the court of his brother, Shishir and nephew, Kushagra. Bajaj and his cousins, Shekhar, Shishir Bajaj hold Madhur and Niraj hold 75% in Bajaj Sevashram while 25%. Jamnalal Sons is a wholly owned subsidiary of Bajaj Sevasharam. Jamnalal Sons, in turn, holds 78% in Bachhraj Co Pvt Ltd and the remaining 22% is with the Aditya Birla Group and the Pittie family. Bachhraj holds 24.5% in Bajaj Hindusthan. How this holding should be treated remains unresolved.