By SM.12 Aug, 2018
Consumer durable company Bajaj Electricals on Saturday condoled the death of its managing director Anant Bajaj. Bajaj, who was 41 years old, died of a heart attack on Friday evening. “His sudden and unexpected passing away will be an irreparable loss to the company and all the directors and employees of the company convey deep sympathy, sorrow and condolences to Bajaj family,” Bajaj Electricals said in a regulatory filing.
Anant was the only son of company chairman Shekhar Bajaj. He had taken over as MD of the company in June.
His appointment as joint MD was intended to pave the way for his eventual take over as MD, which happened only six years later. Just a day before Anant’s death, his father had said in a interview that he was looking forward to Anant’s tenure as MD as the company sought to make a leap into the future.
An alumnus of Harvard Business School, Anant had been associated with the firm for nearly 20 years before he was made joint MD in 2012. Anant was made to work his way up in the company by his father who appointed him as a project coordinator at Bajaj Electricals in 1999. He appointed him the general manager in 2005 before inducting him into the board as executive director in 2006, and the company immensely benefitted from his vision and leadership during his tenure.
He played crucial leadership roles through his 19 years career at Bajaj Electricals, from being a sales trainee in the mid-1990s to a project manager in 1999, and then being appointed as managing director earlier this year. He was also responsible for setting up the ₹ 45 crore high mast manufacturing and galvanising plant at Ranjangaon, near Pune in Maharashtra. He also set up the export arm, Bajaj International Pvt ,and played key role in the company’s diversification into IT and solar products.
During his stint, he was responsible for initiating a number of things, including next-generation R&D (which focussed on cutting-edge technologies to create next-generation appliances), Internet of Things (IoT) and analytics (through a digital centre in Mumbai) and Project Evolve (charing the company‘s digital transformation).
Besides his various roles in the group, Anant Bajaj was also a member of the Young Entrepreneur Wing of the Indian Merchants’ Chamber and the Greenpeace organisation.
Bajaj Electricals is a well-known consumer electrical equipment manufacturing company which has diversified its business in lighting, luminaries, appliances, fans, engineering products like transmission line towers, telecommunications towers, wind and solar energy projects. Some of the notable projects of the company include lighting works at the Commonwealth Games stadium and the Bandra Worli sea link.
It has 19 branch offices spread in different parts of the country with a huge chain of distributors, authorised dealers, and over 400,000 retail outlets.