What does Bajaj Electricals do?
Bajaj Electricals is a consumer electrical goods company in the Bajaj Group, selling kitchen appliances, fans, water heaters, lighting and, since 2026, cables 1813. It was incorporated on 14 July 1938 as Radio Lamp Works and took its present name on 1 October 1960 27. Shekhar Bajaj is executive chairman and Sanjay Sachdeva managing director and chief executive 1417.
What does Bajaj Electricals sell?
About three-quarters of revenue comes from consumer products such as mixer grinders, fans, water heaters, irons and coolers, and a quarter from lighting 18. It sells under the Bajaj, Morphy Richards, Nex and Nirlep brands 18. CRISIL says it is India’s largest seller of mixer grinders by volume and ranks in the top two or three in several appliances 18. See Bajaj Electricals’ products.
How big is it?
FY26 was a difficult year. Consolidated income fell to ₹4,524.34 crore and the company reported a net loss of ₹90.86 crore, including an exceptional charge linked to new labour codes 26. It returned to profit in FY27, earning ₹48 crore in the April-June 2026 quarter and ₹26 crore in July-September on revenue of ₹1,123 crore 2717. Its market value was about ₹3,161 crore in November 2026 28. See Bajaj Electricals’ finances.
Who owns Bajaj Electricals?
Promoters held 62.68% in the September 2026 quarter, led by Bajaj Holdings & Investment with 16.58% and Jamnalal Sons with 14.67% 6. See who owns Bajaj Electricals.
History
Kamalnayan Bajaj bought Radio Lamp Works in 1938, and the business set up its own factory during the Second World War 3. Shekhar Bajaj joined as chief executive in 1980 8. It has licensed the Morphy Richards brand since 2002 and bought the cookware maker Nirlep in 2018 723. In 2023 it demerged its power transmission projects into Bajel Projects 12. See the history of Bajaj Electricals.
Leadership change
In October 2026 the board said Shekhar Bajaj would cease to be executive chairman on 31 December 2026 and become chairman emeritus and a non-executive director, subject to shareholder approval 17. See Bajaj Electricals leadership.
Rivals
In FY26 its consumer durables revenue fell 12%, against growth of 1% at Crompton and 6% at Orient and a 3% fall at Havells, according to Bank of Baroda Capital Markets 21. Shekhar Bajaj told Business Standard the company had been slow to respond to market changes 3. See Bajaj Electricals’ competitors.
See also manufacturing and industrials and all companies.