| Vivek Chaand Sehgal | |
| Birth Date: | 1 February 1957[1] |
| Birth Place: | Delhi, India |
| Nationality: | Australian |
| Education: | University of Delhi |
| Occupation: | Businessman |
| Years Active: | 1975date |
| Known For: | Motherson Sumi Systems |
| Boards: | 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. Sehgal earned a bachelor's degree from the University of Delhi.
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] [2] 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.[3] 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.[4]
In 2016 Sehgal was awarded the EY Entrepreneur of the Year Award, India.[5]
Seghal is married, with two children, and lives in Delhi, India.
, Financial Review Rich List estimated Seghal's net worth was 4.20 billion. Meanwhile, Forbes estimated his net worth was 3.7 billion in May 2021.
| Year | Financial Review Rich List | Forbes India's 100 Richest | |||
|---|---|---|---|---|---|
| Rank | Net worth (A$) | Rank | |||
| 2017[6] [7] [8] | n/a | not listed | |||
| 2018[9] [10] | $6.00 billion | ||||
| 2019[11] [12] | $5.50 billion | ||||
| 2020[13] [14] | $4.63 billion | $2.30 billion | |||
| 2021[15] | $4.76 billion | ||||
| 2022 | $5.90 billion | ||||
| 2023[16] | $4.20 billion | ||||
| Legend | ||
|---|---|---|
| Icon | Description | |
| Has not changed from the previous year | ||
| Has increased from the previous year | ||
| Has decreased from the previous year | ||