Vivek Chaand Sehgal
Sehgal in 2017
Born (1957-02-01) 1 February 1957[1]
Delhi, India
NationalityAustralian
EducationUniversity of Delhi
OccupationBusinessman
Years active1975–date
Known forMotherson Sumi Systems
Board member ofMotherson 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.

Early life

Sehgal was born on 1 February 1957 in Delhi, India.[1] He did his schooling from Birla Public School in Pilani, Rajasthan. Sehgal earned a bachelor's degree from the University of Delhi.[2]

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][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

Seghal is married, with two children, and lives in Delhi, India.[2]

Net worth

As of May 2023, 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]

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 Increase $5.88 billion Increase $6.00 billion
2019[13][14] 12 Decrease $5.50 billion Decrease
2020[15][16] 14 Decrease $4.63 billion Decrease 71 Decrease $2.30 billion Decrease
2021[17] 18 Decrease $4.76 billion Increase
2022 18 Steady $5.90 billion Increase
2023[8] 24 Decrease $4.20 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. 1 2 3 4 5 6 "Vivek Chaand Sehgal Success Story". Success story. Retrieved 22 December 2020.
  2. 1 2 3 4 "Vivek Chaand Sehgal". Forbes. 2018. Retrieved 18 May 2018.
  3. ↑ "High Speed Driver". Business Today. 5 January 2014.
  4. ↑ "How VC Sehgal-led Motherson Sumi could manage 11 acquisitions in 12 years". The Economic Times. India. Retrieved 17 November 2016.
  5. ↑ Bailey, Michael, ed. (24 May 2019). "What lies ahead for Australia's unknown billionaire". The Australian Financial Review. Retrieved 22 December 2020.
  6. ↑ Vivek Chaand Sehgal : Entrepreneur Of The Year 2016 Award Winner on YouTube
  7. ↑ "Vivek Chaand Sehgal". Nikkei Asia 300 Global Business Forum. Nikkei Inc. 2016. Retrieved 22 December 2020.
  8. 1 2 Bailey, Michael; Sprague, Julie-anne (26 May 2023). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 6 June 2023.
  9. ↑ Stensholt, John, ed. (25 May 2017). "Financial Review Rich List 2017". The Australian Financial Review. Retrieved 8 June 2017.
  10. ↑ Mayne, Stephen (26 May 2017). "Mayne's take: The top 25 Australian billionaires, as claimed by Fairfax". Crikey. Private Media. Retrieved 10 October 2019.
  11. ↑ "Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars". Forbes Asia. 1 November 2017. Retrieved 28 September 2019.
  12. ↑ Stensholt, John, ed. (25 May 2018). "2018 AFR Rich List: Who are Australia's richest people?". The Australian Financial Review. Retrieved 26 May 2018.
  13. ↑ Bailey, Michael (30 May 2019). "Australia's 200 richest people revealed". The Australian Financial Review. Nine Publishing. Retrieved 31 May 2019.
  14. ↑ "2019 Australia's 50 Richest". Forbes Asia. January 2019. Retrieved 28 September 2019.
  15. ↑ 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.
  16. ↑ Karmali, Naazneen (7 October 2020). "2020 India's 100 Richest". Forbes. Retrieved 22 December 2020.
  17. ↑ 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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