Vivek_Chaand_Sehgal

Vivek Chaand Sehgal

Vivek Chaand Sehgal

Indian-Australian businessman


Vivek Chaand Sehgal (born 1 February 1957) is an Indian-Australian billionaire businessman and entrepreneur. Sehgal is the chairman and co-founder of Samvardhana Motherson Group, an auto parts manufacturer.

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Early life

Sehgal was born on 1 February 1957 in Delhi, India.[1] He did his schooling from Birla Public School in Pilani, Rajasthan.[citation needed] Sehgal earned a bachelor's degree from the University of Delhi.[2]

Career

Sehgal’s grandfather was a well-known jeweller. In 1975 Sehgal co-founded Samvardhana Motherson Group with his mother, and entered the silver trade.[1][3] Samvardhana Motherson Group's future in the silver industry was placed in jeopardy after a competitor faced bankruptcy.[1] Samvardhana Motherson Group became an Ohio manufacturer of auto components instead, eventually forming a partnership with Sumitomo Electric[1] and acquired eleven companies in twelve years.[4] Sehgal served as managing director from 1975 until 1995 and stepped back from the day-to-day operations of the business,[1] and has subsequently served as chairman of the group.[5]

In 2016 Sehgal was awarded the EY Entrepreneur of the Year Award, India.[6][7]

Personal life

Seghal is married, with two children, and lives in Delhi, India.[2]

Net worth

As of May 2023, Financial Review Rich List estimated Seghal's net worth was A$4.20 billion.[8] Meanwhile, Forbes estimated his net worth was US$3.7 billion in May 2021.[2][clarification needed]

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References

  1. "Vivek Chaand Sehgal Success Story". Success story. Retrieved 22 December 2020.
  2. "Vivek Chaand Sehgal". Forbes. 2018. Retrieved 18 May 2018.
  3. Bailey, Michael, ed. (24 May 2019). "What lies ahead for Australia's unknown billionaire". The Australian Financial Review. Retrieved 22 December 2020.
  4. "Vivek Chaand Sehgal". Nikkei Asia 300 Global Business Forum. Nikkei Inc. 2016. Retrieved 22 December 2020.
  5. Bailey, Michael; Sprague, Julie-anne (26 May 2023). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 6 June 2023.
  6. Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". The Australian Financial Review. Retrieved 8 June 2017.
  7. "Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars". Forbes Asia. 1 November 2017. Retrieved 28 September 2019.
  8. Stensholt, John, ed. (25 May 2018). "2018 AFR Rich List: Who are Australia's richest people?". The Australian Financial Review. Retrieved 26 May 2018.
  9. Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 May 2019.
  10. "2019 Australia's 50 Richest". Forbes Asia. January 2019. Retrieved 28 September 2019.
  11. Bailey, Michael; Sprague, Julie-anne (30 October 2020). "The full list: Australia's wealthiest 200 revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 October 2020.
  12. Karmali, Naazneen (7 October 2020). "2020 India's 100 Richest". Forbes. Retrieved 22 December 2020.
  13. Bailey, Michael; Sprague, Julie-anne (27 May 2021). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 28 May 2021.



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