The Hush Post: Anant Bajaj, Managing Director (MD) of Bajaj Electricals, passed away on Friday after he suffered a heart attack at around 6 pm in Mumbai. He was 41.
Anant was the only son of company chairman Shekhar Bajaj. He had taken over as MD of the company in June.
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.
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 told Business Standard that he was looking forward to Anant’s tenure as MD as the company sought to make a leap into the future.
Anant was the member of the young Entrepreneur Wing of the Indian Merchant’s Chamber and also a member of 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.