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Mahatma Gandhi called him his "fifth son," and he founded the business empire that would eventually grow to a combined market value of around ₹14 lakh crore! This is the remarkable story of Jamnalal Bajaj, the founder of the Bajaj Group. Born on November 4, 1889, in a small village in Rajasthan, Jamnalal Bajaj was adopted at the age of five by wealthy businessman Seth Bachhraj Bajaj. Despite inheriting a successful family business, Jamnalal once decided to walk away from his wealth. However, Bachhraj brought him back, and the business he almost abandoned became his lifelong legacy. In 1926, Jamnalal Bajaj formally established the foundations of the Bajaj Group. Over time, the business expanded from cotton trading into sugar, steel, automobiles, finance, and several other industries. Jamnalal Bajaj was also a freedom fighter, philanthropist, social reformer, and close associate of Mahatma Gandhi, who regarded him as his fifth son. He supported India's independence movement and dedicated significant resources to social welfare and equality. After his death in 1942, his family continued expanding the Bajaj business empire. Today, in 2026, the Bajaj Group celebrates 100 years of its extraordinary journey, with a reported combined market capitalisation of approximately ₹14 lakh crore. Follow AISM India for fascinating Indian business stories, entrepreneurship, company histories, and financial explainers. #JamnalalBajaj #BajajGroup #MahatmaGandhi #BusinessHistory #IndianBusiness

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