Rahul Bajaj, born on June 10, 1938, headed the Bajaj Group of companies for decades after taking it over in 1965. He aided the company's expansion throughout the 1970s and 1980s, and his guidance allowed the business to flourish exponentially. The business revenue increased to a mark where the Group became a part of the billion-dollar club. Through his initiative, Chetak and Bajaj Super scooter models rose to prominence in the Indian market. Originally based on the Italian Vespa Sprint, Chetak served as an accessible mode of transportation for many Indians for decades and became the symbol of Indian pride with the ‘Hamara Bajaj’ campaign. 

Rahul Bajaj was the recipient of many awards, including the third-highest civilian award Padma Bhushan, from the Government of India and honorary doctorates from many universities. He earned his law degree from Mumbai University, his BA (Honours) in Economics from Delhi University, and his MBA from Harvard Business School. 

In February 2021, he was ranked 421 on the Forbes list of the world's billionaires, with a net worth of USD 8.2 billion. One of India's most successful business leaders, Rahul Bajaj, served as a member of the Rajya Sabha, the Chairman of Indian Airlines and the Chairman of the Board of Governors of the Indian Institute of Technology, Bombay.

He was well known in business circles for being unwavering regarding issues of national importance and of corporate India. Many people admired him for his fearless attitude.