Vivek Chaand Sehgal | |
---|---|
Born | [1] Delhi, India | 1 February 1957
Nationality | Australian |
Education | University of Delhi |
Occupation | Businessman |
Years active | 1975–date |
Known for | Motherson Sumi Systems |
Board member of | Motherson Sumi Systems Ltd |
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.
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]
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]
Seghal is married, with two children, and lives in Delhi, India.[2]
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 |
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