‘Without
continual growth and progress, such words as improvement, achievement, and
success have no meaning’. The identical statement has confirmed by
Kushagra Bajaj, who has got his business to the peak in just only 10 years of
his corporate journey. Achievements,
reaching to extraordinary revenues really make him as a fascinating business
planner, who brings a non-achievable height to sugar and power plant. He sets
him to carry a fresh success in upcoming years.
Coming
from the most admirable Bajaj Group, Kushagra Nayan Bajaj (35) is one of the influential
and powerful business personalities of India. Currently, he is the Vice Chairman of the Bajaj
Group, Chairman of Bajaj Corp Limited and Joint Managing Director of BajajHindusthan Ltd (BHL). In 2002 after getting higher education from Carnegie
Mellon University and Northwestern University, he had joined Bajaj Hindusthan
Ltd (BHL) as Chief Executive when the total revue of the company was Rs 300
crore that turned to 1,800 crore in just 5 years with ever striking strategies
of Kushagra Bajaj. At present Bajaj Hindusthan Ltd is able to achieve a crown
of best and highest contributor of sugar business in the country. In last two
to three years, he has been continuously put
efforts to become tycoon in power business too.
At
present, Kushagra Bajaj power business already invested with Rs 2,300 crore for
the set up of 450 Mw five coal-fired power plants; where in future it raise to
870 MW. Apart from this, he has already been invested with 12,700 crore for the
project of 1,980-Mw power project at Lalitpur. This is not enough with his
business planning, as per recorded interviews; Kushagra Bajaj has committed to
carry his power business to the range of Rs 20,000 crore in the next three-four
years. In the same layout, Bajaj Group has already being invested thousands of
dollars with foreign companies in order to start with power plants. The group has bought a coal mine in Indonesia with
recoverable reserves of 100 million tonnes that alone can sustain the project
for a decade. But what drew the younger Bajaj to pump Rs 15,000 crore (Rs 150
billion) in power in the first place? "Power will give us a huge cash flow
and a fixed return, unlike sugar. We have an assured return of around 15 per
cent in power under the cost-plus model, he says."
Bajaj points that he chose Uttar
Pradesh for the power project since the demand-supply mismatch is more severe
in the state compared to most others where many projects have been lined up.
"The power situation in Uttar Pradesh is projected to face a deficit in
the coming years too," he adds.
Besides these, he also committed that in the next session of financial year; we
will become top notch contributor of power business of the nation.
Every
business has its own and regulations while achieving its heights. Similarly,
here Kushagra Bajaj has achieved a tremendous figures while bring his family
business on the honorable heights. Today, the Bajaj Group not only makes his
reference in the business of Sugar but also performs well with power, real
estate, wood alternatives, coal mining, infrastructure development and many
more. In just age of 35 years, Kushagra Bajaj has broken all the past records
of business rules while brining the Bajaj Group on the high peak.
He says he
is moving rapidly in pursuit of his 'childhood dream' of finding a place among
the top business houses in India.
"We are slowly moving towards
it. Whether we will succeed or not, time will tell," he says.
