Annual Report of Bajaj

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Contents
Board of Directors Management Team Chairman’s Letter Management Discussion and Analysis Corporate Governance General Shareholder Information Directors’ Report Report on Corporate Social Responsibility Standalone Financial Statements Consolidated Financial Statements 02 04 08 11 30 42 50 62 71 127

Board of Directors
Rahul Bajaj Chairman Madhur Bajaj Vice Chairman Rajiv Bajaj Managing Director Sanjiv Bajaj (Executive Director upto 31 March 2012; Non-Executive Director from 1 April 2012) Kantikumar R Podar Shekhar Bajaj D J Balaji Rao D S Mehta J N Godrej S H Khan Ms Suman Kirloskar Naresh Chandra Nanoo Pamnani Manish Kejriwal P Murari Niraj Bajaj

Management
Rahul Bajaj Chairman Madhur Bajaj Vice Chairman Rajiv Bajaj Managing Director Sanjiv Bajaj Executive Director (upto 31 March 2012) Pradeep Shrivastava Chief Operating Officer Abraham Joseph Chief Technology Officer R C Maheshwari President (Commercial Vehicle Business) Rakesh Sharma President (International Business) Eric Vas President (Retail Finance) Kevin D’sa President (Finance) K Srinivas President (Motorcycle Business) S Ravikumar Senior Vice President (Business Development and Assurance) Amrut Rath Vice President (Human Resources) C P Tripathi Vice President (CSR)

Auditors
Dalal and Shah
Chartered Accountants

Cost Auditor
A P Raman
Cost Accountant

Bankers
Central Bank of India State Bank of India Citibank N A Standard Chartered Bank Bank of America ICICI Bank HDFC Bank

Registered under the Companies Act, 1956

Registered Office
Mumbai-Pune Road Akurdi, Pune 411 035

Works
Mumbai-PuneRoad Akurdi, Pune 411 035 • BajajNagar,Waluj Aurangabad 431 136 • ChakanIndustrialArea Chakan, Pune 410 501 • PlotNo.2,Sector10, IIE Pantnagar Udhamsinghnagar, Uttarakhand 263 531

Company Secretary
J Sridhar

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Bajaj Auto Limited 5th Annual Report 2011-12

Rahul Bajaj Chairman

Madhur Bajaj Vice Chairman

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Bajaj Auto Limited 5th Annual Report 2011-12

CNBC TV 18 honors MD with Outstanding Business Leader of the Year Award MD,Mr.RajivBajajwasrecentlybestowedwiththehonorof“Outstanding Business Leader of the Year” at the CNBC TV 18’s India Business Leader Awards.Thisisthehighestrewardgiventoanyindividualfortheyearby TV18.ThisaccoladewasgiventoMr.BajajfortakingBajajAutotonew heightsinanextremelycompetitiveandunsuitableenvironment. TheseawardsareCNBCTV18annualendeavortohonorIndiaInc’s topcompaniesandsalutetheoutstandingleaderswhoareatthehelm.

Mr. Rajiv Bajaj awarded Young Business Leader of the year at NDTV Profit Business Leadership Awards Mr.RajivBajaj,MD,BajajAutowashonoredwiththetitleofYoungBusiness LeaderattheNDTVProfitBusinessLeadershipAwards;earlythisyear. Thisawardwasbestowedonhimforbringingaboutapath-breaking low-cost4wheelerandredefiningbusinesscategories.Acceptingtheaward Mr.Bajajsaid,“WewouldliketoseeBajajbethemasterofonecategory anddominatetheworldinit.”

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Bajaj Auto Limited 5th Annual Report 2011-12

Awards 2011-12

CNBC TV18 Outstanding Business Leader of the Year

NDTV Profit BusinessLeadershipAward Young Business Leader

Business Standard CEO of the Year

AutocarAwards2012 Kawasaki Ninja Premium Bike of the Year

IIMLucknow National Leadership Award

AIAI Generation Next Award Automobiles

ForbesLeadershipAwards Best CEO-Private Sector

Ernst And Young “Entrepreneur of the Year” BusinessTransformationAward

AIMAManagingIndiaAwards2011 Rajiv Bajaj Emerging Business Leader of the Year

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Bajaj Auto Limited 5th Annual Report 2011-12

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Bajaj Auto Limited 5th Annual Report 2011-12

Chairman’s Letter
Dear Shareholder,
Asinlastyear’slettertoyou,letmebeginwithwordsofcongratulations.2011-12, orFY2012,hasbeenanotherexcellentyearforyourCompany.Herearesomefacts: l l l...
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