BUSINESS
Vivek Chaand Sehgal is an Indian-Australian billionaire businessman and entrepreneur. He is the chairman and co-founder of Samvardhana Motherson Group.
In today's interconnected world, Indian entrepreneurs are not only leaving a significant impact within the borders of their country but are also making waves on the global stage. With a growing number of billionaires at the helm of successful enterprises, the reach of Indian business acumen extends far beyond national boundaries. Amongst them is Vivek Chaand Sehgal who is currently the richest Indian living in Australia.
Sehgal is an Indian-Australian billionaire businessman who is the chairman and co-founder of Samvardhana Motherson Group.
Founded in 1975, Motherson is one of the world's leading auto component makers. Their business largely supplies original equipment manufacturers (OEMs), spreading their influence from over 350 facilities in 41 countries spread across five continents with over 180,000 employees. In FY24, their total revenue from operations rose to Rs 98,692 crore.
Interestingly, the name of his company is ‘Motherson’ because Vivek Sehgal founded the company with his late mother Shrimati Swaran Lata Sehgal in 1975.
Sehgal whose grandfather was a jeweler stepped into the world of silver trading. At the very young age of 18, he started selling silver for just one rupee per kg. This endeavor fetched him a decent income of about Rs 2500 per month back in the early 1970s.
With time, he noticed the massive potential in silver trading and investment and decided to embark on the journey of entrepreneurship.
Vivek Chaand Sehgal decided to build his own silver trading company Motherson, along with his mother Swaran Lata Sehgal in 1975. However, the business of trading silver took a swift downturn and was on the edge of experiencing bankruptcy.
Despite all those challenges, Sehgal never gave up and he made a strategic move to dive into the auto industry. The company started making vehicle parts that proved key to their financial recovery. Samvardhana Motherson International majorly deals in auto parts production, a shift that played a huge part in increasing Sehgal's wealth.
At present, Samvardhana Motherson boasts a massive market capitalisation of Rs 1.3 trillion. Vivek Chaand Sehgal is the richest Indian in Australia who has a massive net worth of $7.8B (Rs 65,305 crore approx.), according to Forbes.
The DNA app is now available for download on the Google Play Store. Please download the app and share your feedback with us.
Who is Sagar Adani, Gautam Adani's nephew, accused of bribery, fraud charges in US?
PayPal down: Several users face issue while logging into accounts, say 'no one could...'
IND vs AUS: Jasprit Bumrah, Pat Cummins eye historic captaincy milestone in Perth Test
BGT 2024, Ind vs Aus: Can Shubhman Gill be the new Cheteshwar Pujara? Is he really ready?
The Ultimate Guide to Luxury Gifting: Discover Heirloom Pashmina by Pashmina.com
Effortless Relocations: The Perks Of Professional Removalists In Melbourne
Watch: Pakistan fan with 'Imran Khan' poster asked to leave Hobart stadium in Australia
International Criminal Court issues arrest warrant against Israeli PM Benjamin Netanyahu for...
What is demisexuality? Everything you need to know about this lesser-known sexual orientation
WATCH: World’s shortest woman meets world’s tallest woman, video goes viral
IND vs AUS 1st Test: Predicted playing XIs, Perth weather forecast and pitch report
IND vs AUS: When will Rohit Sharma join India squad? Check latest update
'Scam 2024': Diljit Dosanjh lookalike pranks people on Pune streets, video goes viral
Delhi Air Pollution: Centre announces staggered work timings for govt employees; check details
Mukesh Ambani's Reliance Jio loses nearly 80 lakh subscribers in just 30 days, BSNL adds...
IND vs AUS, 1st Test Dream11 prediction: Fantasy cricket tips for India vs Australia match
This country has most expensive passport in world, not US, UK, UAE, it costs Rs...
Amid rising air pollution, Delhi-NCR's crematorium records cleanest air; check AQI here
Revolutionising Medical Imaging: Venudhar Rao Hajari’s impact on healthcare technology
Abhishek Gupta and Onevision Media: Scaling brands on social media
Video shows Korean girl eating jalebi for first time, her reaction to Indian sweet goes viral
Cristiano Ronaldo confirms THIS YouTube star as his next guest, says, 'Will break Internet'
Delhi Assembly Elections: AAP releases first list of 11 candidates for 2025 polls
Adani Group's FIRST REACTION after US indicts Gautam Adani in alleged bribery case
Instagram introduces new feature, know how to reset app's algorithm, change your feed
Oppo Find X8 and X8 Pro launched in India, check specifications, price, other details
Charges against Gautam Adani: BJP's scathing attack on Congress, questions timing of development
Jasprit Bumrah's BIG statement on taking up Perth test captaincy, says, 'tactically better...'
Blackout on breaks: Company imposes no-sick-leave policy until 2025
Drug-laden terrorists on India's western, northern frontiers
Mohammad Shami trolls Sanjay Manjrekar over IPL auction bid prediction, says, 'Baba ki...'
IND vs AUS Test: When and where to watch 1st match of Border-Gavaskar trophy, know details here
CAQM amends Grap Stages III, IV, enforces stricter measures in Delhi-NCR amid air pollution woes
Malayalam actor Meghanathan passes away at 60 after suffering from...
Adani Green Energy's FIRST reaction after US indicts Gautam Adani in alleged bribery case
'Keep me out of...': Pakistani Instagram star Mathira on MMS leak controversy
Delhi Air Pollution: AQI marginally improves from 'severe' to 'very poor' category
'I love him, he loves me! Why hurt...': Rekha's bold confession about Amitabh Bachchan goes viral
Meet man, IITian who built Rs 5493 crore firm, has this Mukesh Ambani connection, he is from...
Shillong Teer Results TODAY November 21, 2024 Live Updates: Check winning numbers here
‘I didn’t have time to…’: When AR Rahman revealed having ‘agreement’ before marriage to Saira Banu
Viral video: Woman's sizzling belly dance to 'Namak' impresses internet, watch
Hardik Pandya banned, Mumbai Indians captain to miss first match of IPL 2025 due to...
Meet man who studied at IIM, IIT, then built Rs 1160000000 company, got inspired by…
Meet woman, who quit as dentist for UPSC exam, became IAS officer with AIR...
Viral video: Little girl steals hearts with her adorable dance to 'o meri cutie', watch
Gautam Adani's company signs another pact to acquire 100% stake in...
CBSE Date Sheet 2025 announced: Class 10, 12 board exams to begin from...
Apollena: Aditi Sharma on how space-based drama encourage young girls, says 'no matter how many...'
Is Mia Khalifa dating ex-Man City star Julian Alvarez? Former adult star says 'It certainly...'
IPL 2025 auction RTM rule: How this year’s right-to-match card is different from previous seasons
'Virat Kohli is trying to...': Shoaib Akhtar makes BIG statement on Champions Trophy 2025
Maharashtra Election 2024: Mukesh Ambani and family cast their votes in Mumbai
Centre revises performance-linked incentive scheme for THESE employees; check details
Manipur violence: Prohibitory orders to be relaxed in Imphal Valley for 7 hours