Kushagra Bajaj: India’s Leading Power Sector Magnate

Kushagra Bajaj

“To move ahead you need to believe in yourself, have conviction in your beliefs and the confidence to execute those beliefs.” 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.

If we talk about successful entrepreneur then it is very difficult to miss out Kushagra Bajaj who has really showed his toughest game while achieving the best while carrying business. Not only in life but also in corporate sector Kushagra Bajaj easily achieved every step of varied goals. He has successfully revolutionized all the way of carrying business as per the modern competition and ever changing expectations of the economy.

Coming from the most admirable Bajaj Group, Kushagra Nayan Bajaj (35) is one of the influential and powerful business personalities of India. He served as the Chief Executive Officer of Bajaj Hindusthan Ltd., since August 20, 2006. Kushagra Bajaj has been Vice Chairman of Bajaj Hindusthan Ltd. since April 30, 2011 and as its Joint Managing Director since April 24, 2007. Mr. Bajaj serves as the Chairman of the Board of Bajaj Corp. Limited and serves as the Non-Executive Chairman of Bajaj Hindusthan Sugar & Industries Ltd. and has been its Director since May 2006. Mr. Bajaj has been a Director of Bajaj Hindusthan Ltd. since February 26, 2008. Goals and Success are the two aspects that are always accompanied by Kushagra Bajaj while proving its worthy presence to their Bajaj Hindustan. In 2002 after getting Bachelor of Science degree in Economics, Political Philosophy and Finance from Carnegie Mellon, Pittsburgh, USA and Masters Degree of Science in Marketing and finance from the Northwestern University, Chicago, USA, 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.

After getting an amazing revert from sugar business and from other aspects of the business in infrastructure, personal care products, real estate; now Kushagra Bajaj divert his worthy efforts to grab the best opportunity in power. Under the same business plan, Kushagra Bajaj projects to invest with coal-fired power plants with heavy MW and also plan to deal with international coal mine in order to scatter his business completely.

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."

Kushagra Bajaj plans to grow his business towards power segment while diverting its strategies to invest with power plants where Kushagra Bajaj too plans to deal globally.

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