Vivek Chaand Sehgal
Vivek Chaand Sehgal | |
|---|---|
.jpg?lang=en) Sehgal in 2017 | |
| Born | 1 February 1957 Delhi, India |
| Nationality | Australian |
| Education | University of Delhi |
| Occupation | Businessman |
| Years active | 1975– |
| Known for | Motherson Sumi Systems |
| Board member of | Motherson Sumi Systems Ltd |
| Children | 2 |
| Notes | |
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.
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 2025[update], the Financial Review 2025 Rich List estimated Seghal's net worth was A$8.05 billion.[8] In October 2024, Sehgal and his family were ranked 30th on the Forbes list of India's 100 richest people, with a net worth of US$8.9 billion.[9]
| Year | Financial Review Rich List |
Forbes India's 100 Richest | ||
|---|---|---|---|---|
| Rank | Net worth (A$) | Rank | Net worth (US$) | |
| 2017[10][11][12] | n/a | not listed | ||
| 2018[13][2] | 9 
|
$5.88 billion
|
$6.00 billion | |
| 2019[14][15] | 12 
|
$5.50 billion
|
||
| 2020[16][17] | 14
|
$4.63 billion
|
71
|
$2.30 billion
|
| 2021[18] | 18
|
$4.76 billion
|
$3.70 billion
| |
| 2022 | 18 
|
$5.90 billion
|
||
| 2023[19] | 24
|
$4.20 billion
|
||
| 2024[20][9] | 15
|
$8.16 billion
|
30 | $8.90 billion |
| 2025[8] | 19
|
$8.05 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 "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. Archived from the original on 28 June 2014. 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 Redrup, Yolanda (30 May 2025). "Australia's wealthiest 200 revealed, fortunes blow past $667b". Australian Financial Review. Retrieved 31 May 2025.
- ^ a b "India's 100 Richest". India’s 100 Richest. 9 October 2024.
- ^ 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.
- ^ Bailey, Michael; Sprague, Julie-anne (26 May 2023). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 6 June 2023.
- ^ Redrup, Yolanda; Bailey, Michael (30 May 2024). "Australia's wealthiest 200 now control $625b". Australian Financial Review. Retrieved 18 September 2024.
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