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 | |
|---|---|
.jpg) Sehgal in 2017 | |
| Born | 1 February 1957[1] Delhi, India |
| Nationality | Australian |
| Education | University of Delhi |
| Occupation | Businessman |
| Years active | 1975–date |
| Known for | Motherson Sumi Systems |
| Board member of | Motherson Sumi Systems Ltd |
Early life edit
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 edit
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 edit
Seghal is married, with two children, and lives in Delhi, India.[2]
Net worth edit
As of May 2023[update], Financial Review Rich List estimated Seghal's net worth was A$4.20 billion.[8] Meanwhile, Forbes estimated his net worth was US$3.7 billion in May 2021.[2][clarification needed]
| Year | Financial Review Rich List |
Forbes India's 100 Richest | ||
|---|---|---|---|---|
| Rank | Net worth (A$) | Rank | Net worth (US$) | |
| 2017[9][10][11] | n/a | not listed | ||
| 2018[12][2] | 9 
|
$5.88 billion
|
$6.00 billion | |
| 2019[13][14] | 12 
|
$5.50 billion
|
||
| 2020[15][16] | 14
|
$4.63 billion
|
71
|
$2.30 billion
|
| 2021[17] | 18
|
$4.76 billion
|
||
| 2022 | 18 
|
$5.90 billion
|
||
| 2023[8] | 24
|
$4.20 billion
|
||
| Legend | |
|---|---|
| Icon | Description |
|
|
Has not changed from the previous year |
|
|
Has increased from the previous year |
|
|
Has decreased from the previous year |
References edit
- ^ a b c d e f "Vivek Chaand Sehgal Success Story". Success story. Retrieved 22 December 2020.
- ^ a b c d "Vivek Chaand Sehgal". Forbes. 2018. Retrieved 18 May 2018.
- ^ "High Speed Driver". Business Today. 5 January 2014.
- ^ "How VC Sehgal-led Motherson Sumi could manage 11 acquisitions in 12 years". The Economic Times. India. Retrieved 17 November 2016.
- ^ Bailey, Michael, ed. (24 May 2019). "What lies ahead for Australia's unknown billionaire". The Australian Financial Review. Retrieved 22 December 2020.
- ^ Vivek Chaand Sehgal : Entrepreneur Of The Year 2016 Award Winner on YouTube
- ^ "Vivek Chaand Sehgal". Nikkei Asia 300 Global Business Forum. Nikkei Inc. 2016. Retrieved 22 December 2020.
- ^ a b Bailey, Michael; Sprague, Julie-anne (26 May 2023). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 6 June 2023.
- ^ Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". The Australian Financial Review. Retrieved 8 June 2017.
- ^ Mayne, Stephen (26 May 2017). "Mayne's take: The top 25 Australian billionaires, as claimed by Fairfax". Crikey. Private Media. Retrieved 10 October 2019.
- ^ "Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars". Forbes Asia. 1 November 2017. Retrieved 28 September 2019.
- ^ Stensholt, John, ed. (25 May 2018). "2018 AFR Rich List: Who are Australia's richest people?". The Australian Financial Review. Retrieved 26 May 2018.
- ^ Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 May 2019.
- ^ "2019 Australia's 50 Richest". Forbes Asia. January 2019. Retrieved 28 September 2019.
- ^ 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.
- ^ Karmali, Naazneen (7 October 2020). "2020 India's 100 Richest". Forbes. Retrieved 22 December 2020.
- ^ 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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