One of the biggest challenges Bajaj has had involves inculcating a greater sense of purpose in their 15,000-workforce, spread across hundreds of towns in India. This required reinforcement through ...

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Bajaj Group—controlled by the Bajaj family, among India's wealthiest clans—agreed to buy out Allianz’ Group's 26% stakes in their Indian insurance joint ventures for $2.8 billion.

The companies announced a $2.83bn deal in which Bajaj will be buying out Allianz’s stakes in their general and life insurance subsidiaries, leaving the Indian group as the sole owner of both units.

The product, from the stable of Bajaj Allianz General Insurance, has been developed in response to a demand identified by the industry and the government. Bajaj Allianz General Insurance’s Tapan ...