Vivek Chaand Sehgal

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.

Vivek Chaand Sehgal
Born (1957-02-01) 1 February 1957[1]
Dehli, India
NationalityAustralian
EducationUniversity of Delhi
OccupationBusinessman; entrepreneur
Years active1975–date
Known forMotherson Sumi Systems
Net worth
Board member ofMotherson Sumi Systems Ltd
Parent(s)
  • Swaran Lata Sehgal (mother)
AwardsEY Entrepreneur of the Year 2016

Early life

Sehgal was born on 1 February 1957 in Dehli, India.[1] He did his schooling from Birla Public School in Pilani, Rajasthan. Sehgal earned a bachelor's degree from the University of Delhi.[4]

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][5] Samvardhana Motherson Group's future in the silver industry was placed in jeopardy after a competitor faced bankruptcy.[1] Samvardhana Motherson Group became a manufacturer of auto components instead, eventually forming a partnership with Sumitomo Electric[1] and acquired eleven companies in twelve years.[6] 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.[7]

In 2016 Sehgal was awarded the EY Entrepreneur of the Year Award, India.[8][9]

Personal life

Seghal is married, with two children, and lives in Delhi, India.[4]

Net worth

As of May 2018, Forbes estimated his net worth at US$6 billion,[4] while the Australian Financial Review listed Sehgal as the ninth richest Australian on its 2018 Rich List with an estimated A$5.88 billion, after Sehgal acquired Australian citizenship in 2017, making him eligible for the list for the first time.[10]

Year Financial Review
Rich List		 Forbes
India's 100 Richest
Rank Net worth (A$) Rank Net worth (US$)
2017[11][12][13] n/a not listed
2018[10][4] 9 $5.88 billion $6.00 billion
2019[14][15] 12 $5.50 billion
2020[2][3] 14 $4.63 billion 71 $2.30 billion
Legend
Icon Description
Has not changed from the previous year
Has increased from the previous year
Has decreased from the previous year

References
  1. "Vivek Chaand Sehgal Success Story". Success story. Retrieved 22 December 2020.
  2. 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.
  3. Karmali, Naazneen (7 October 2020). "2020 India's 100 Richest". Forbes. Retrieved 22 December 2020.
  4. "Vivek Chaand Sehgal". Forbes. 2018. Retrieved 18 May 2018.
  5. "High Speed Driver". Business Today. 5 January 2014.
  6. "How VC Sehgal-led Motherson Sumi could manage 11 acquisitions in 12 years". The Economic Times. India. Retrieved 17 November 2016.
  7. Bailey, Michael, ed. (24 May 2019). "What lies ahead for Australia's unknown billionaire". The Australian Financial Review. Retrieved 22 December 2020.
  8. Vivek Chaand Sehgal : Entrepreneur Of The Year 2016 Award Winner on YouTube
  9. "Vivek Chaand Sehgal". Nikkei Asia 300 Global Business Forum. Nikkei Inc. 2016. Retrieved 22 December 2020.
  10. Stensholt, John, ed. (25 May 2018). "2018 AFR Rich List: Who are Australia's richest people?". The Australian Financial Review. Retrieved 26 May 2018.
  11. Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". The Australian Financial Review. Retrieved 8 June 2017.
  12. Mayne, Stephen (26 May 2017). "Mayne's take: The top 25 Australian billionaires, as claimed by Fairfax". Crikey. Private Media. Retrieved 10 October 2019.
  13. "Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars". Forbes Asia. 1 November 2017. Retrieved 28 September 2019.
  14. Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 May 2019.
  15. "2019 Australia's 50 Richest". Forbes Asia. January 2019. Retrieved 28 September 2019.


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