Thorough SWOT Analysis of Bajaj Group – One Of The Most Seasoned and Biggest Conglomerates Situated in Mumbai

Quick Stats on Bajaj Group

Founder	Jamnalal Bajaj
Year Founded	1926
Origin	Uttar Pradesh, India
No. of Employees	60,000+
Company Type	Public
Market Cap	Rs 40,709 Crore (2021)
Annual Revenue	290 Billion Indian Rupees (2020)
Net Income/ Profit	Rs 5,100 Crore (2020)

 

(Detailed Case Study on the Marketing Strategy of Bajaj Group)

Product and Services by Bajaj Group

• Automobile
• Financial Services
• Home Appliances
• Electrical
• Sports
• Iron & Steel
• Insurance

Competitors of Bajaj Group

• Honda Motor Company
• TVS
• Mahindra Finance
• Muthoot Finance
• Frontier Communications.the 
• Havells India

After understanding the core of the corporate, let us now proceed to the SWOT analysis of Bajaj Group.

SWOT Analysis of Bajaj Group

SWOT Analysis is a useful technique for developing business strategies for both new and current businesses. This simplified methodology is used to assess a company’s competitive standing. SWOT analysis of Bajaj Group can help the organization develop effective and efficient business strategies.

To better understand the SWOT analysis of Bajaj Group, refer to the infographic below:

Let’s proceed further with expanding on the strengths of the Bajaj Group from the SWOT analysis of Bajaj Group

Strengths of Bajaj Group

Qualities are characterized as what every business is best in its array of tasks, giving it an advantage over its rivals. They are intestinal qualities and virtues that help an effective result and can be utilized for the upper hand. Coming up next are the qualities of Bajaj Group:

• Presumed Organization: Bajaj is available in one way or other in each Urban and Rural family of India. Individuals trust them for the quality and administration that they give. The parent organization has additionally put resources into making hair oils which are likewise very acceptable.
• Supportable Business: The organization’s broad scope of items permits them to take into account a wide scope of clients. Likewise, it assists the organization with conveying maintainable business development.
• Valuing: Bajaj items are estimated quite well and practically all families can bear the cost of it. They have brought things like the rice cooker, OTG boilers, hand blenders into India in an extremely financially savvy way. They have ensured for quite a while and everybody can utilize the items that they make.
• Fast Administrations: Getting speedy outcomes are preferred by everybody and this is one of the interesting qualities of Bajaj which gives the clients on-the-spot presents quickly which has now decreased to 3 seconds.

Weaknesses of Bajaj Group

Weaknesses are inward characteristics and resources that kill a productive outcome. It is used to suggest locales where the matter of the affiliation needs improvement.

• Not a Global Brand: Even in the wake of creating in high volume, Bajaj isn’t perceived as a worldwide brand. It has not entered different business sectors or not extended universally as quickly as possible. It is transcendentally an Indian market player.
• Extremely Competitive Market: Bajaj needs to manage a market that has the second biggest populace in the world. Along these lines, there are keenly available and additionally different organizations. The brand Philips has made plenty of issues in the new years due to their prominent and current lighting framework. This is a point where Bajaj most certainly needs to work a great deal.
• Just Accessible in India: To grow an organization one needs to spread it outside their nearby market. Bajaj has not been able to do what has made them be restricted to India. Spreading into different nations helps in proliferating any organization a great deal and helps them in understanding various decisions throughout the planet.

Opportunities for Bajaj Group

Opportunities are assigned external parts that the substance can acquire or use for its possible advantage to achieve its targets. These come into view when a connection can deem conditions in its current occurrences to depict and enact procedures that empower it to wind up being more helpful.

• Dispatch New Vehicles: Bajaj Auto should additionally hope to reinforce its item portfolio like it has done in the past with models of Avenger Pulsar, Discover, and so on. By persistently exemplifying new advancements into its portfolio, Bajaj’s picture of being an imaginative organization will likewise be kept up with.
• Immaculate Markets: Countless protection markets are immaculate. It is assessed that practically 27% of India’s health care coverage payouts come from around six urban areas. So there emerged plenty of chances for Bajaj Allianz to improve the market.
• Eco-accommodating and Energy-Saving Items: Bajaj should zero in on making things eco-accommodating and help in advancing gadgets dependent on that. This is significant if there should arise an occurrence of family lighting as different organizations have effectively begun to zero in on that field.

Threats to Bajaj Group

Threats emerge when conditions in an outside climate risk the unwavering quality and benefit of the association’s business. These outside variables could seriously influence the achievement of the undertaking.

• Contest in Price: Several little new companies in India are evaluating their items in reasonable choices. Individuals are regularly floating towards them.
• Monetary Condition:  Economic condition is additionally a danger to the business. Where there is a colossal financial emergency and precariousness in the country, clients may feel that their cash won’t get great returns. 
• Mindfulness Among Individuals: To build attention among individuals about getting their future is a major danger to the organization. Clients ought to be situated so that they want to take the premium.

This ends our study on the SWOT analysis of Bajaj Group. Let us conclude our learning below.