In 2021, Vivek Chaand Sehgal secured the 49th position on Forbes’ list of India’s wealthiest individuals.
Vivek Chaand Sehgal, a renowned billionaire entrepreneur, is highly regarded not only in India but also in Australia. The 66-year-old serves as the chairman and co-founder of the Motherson Group, a business empire generating USD 10.5 billion (revenue) or approximately Rs 86,180 crore. He is believed to be the wealthiest Indian residing in Australia.
He initiated the company, initially focused on silver trading, in 1975 alongside his late mother, Shrimati Swaran Lata Sehgal, which led to the name Motherson. Furthermore, Vivek Chaand Sehgal leads the Samvardhana Motherson Group, a division of the Motherson Group specializing in manufacturing auto parts.
Regarding Vivek Chaand Sehgal’s net worth, as per Forbes, it amounts to USD 4 billion, equivalent to Rs 32,830 crore, as of July 15, 2023. He currently occupies the 740th spot globally in terms of wealth. In 2021, Forbes ranked him 49th among the wealthiest individuals in India.
His primary source of wealth stems from the flagship auto parts company, Samvardhana Motherson International, formerly known as Motherson Sumi. The businessman is a father to two children. His son, Laksh Vaaman Sehgal, holds director positions in both Samvardhana Motherson International and Motherson Sumi Wiring India.
Vivek holds Australian citizenship and obtained his undergraduate degree from Delhi University. In 2016, he was honored with the EY Entrepreneur of the Year Award in India. Additionally, he established Motherson Sumi Wiring India, a joint venture between Sumitomo Wiring System and Motherson Group, a leading player in India’s wiring harness industry. The group caters to esteemed clients such as BMW, Ford, Mercedes, Toyota, and Volkswagen.
