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Vivek Chaand Sehgal

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Vivek Chaand Sehgal
Born (1957-02-01) 1 February 1957 (age 67)[1]
Dehli, India
NationalityAustralian
EducationUniversity of Delhi
Occupation(s)Businessman; entrepreneur
Years active1975–date
Known forMotherson Sumi Systems
Board member ofMotherson Sumi Systems Ltd
MotherSwaran Lata Sehgal
AwardsEY Entrepreneur of the Year 2016

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

Sehgal was born on 1 February 1957 in Dehli, 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.[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 Increase $5.88 billion Increase $6.00 billion
2019[14][15] 12 Decrease $5.50 billion Decrease
2020[2][3] 14 Decrease $4.63 billion Decrease 71 Decrease $2.30 billion Decrease
Legend
Icon Description
Steady Has not changed from the previous year
Increase Has increased from the previous year
Decrease Has decreased from the previous year

References

  1. ^ a b c d e f "Vivek Chaand Sehgal Success Story". Success story. Retrieved 22 December 2020.
  2. ^ a b 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. ^ a b Karmali, Naazneen (7 October 2020). "2020 India's 100 Richest". Forbes. Retrieved 22 December 2020.
  4. ^ a b c d "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. ^ a b 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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