Vivek Chaand Sehgal - Revision history

>Rangasyd: add 2021 AFR wealth rankings

2021-05-30T11:36:13Z

add 2021 AFR wealth rankings

← Older revision		Revision as of 17:06, 30 May 2021
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	{{Infobox person		{{Infobox person
	\| name = Vivek Chaand Sehgal		\| name = Vivek Chaand Sehgal
	\| image =		\| image =
	\| image_size =		\| image_size =
	\| alt =		\| alt =
	\| caption =		\| caption =
	\| birth_name =		\| birth_name =
	\| birth_date = {{birth date and age\|1957\|02\|01\|df=y}}<ref name=ss>{{cite web \|url=https://successstory.com/people/vivek-chaand-sehgal \|title=Vivek Chaand Sehgal Success Story \|work=Success story \|access-date=22 December 2020 }}</ref>		\| birth_date = {{birth date and age\|1957\|02\|01\|df=y}}<ref name=ss>{{cite web \|url=https://successstory.com/people/vivek-chaand-sehgal \|title=Vivek Chaand Sehgal Success Story \|work=Success story \|access-date=22 December 2020 }}</ref>
	\| birth_place = [[Dehli]], [[India]]		\| birth_place = [[Dehli]], [[India]]
	\| death_date = <!-- {{death date and age\|df=yes\|YYYY\|MM\|DD\|YYYY\|MM\|DD}} (death date then birth date) -->		\| death_date = <!-- {{death date and age\|df=yes\|YYYY\|MM\|DD\|YYYY\|MM\|DD}} (death date then birth date) -->
	\| death_place =		\| death_place =
	\| nationality = ~~Australian~~		\| nationality = Indian
	\| education = [[University of Delhi]]		\| education = [[University of Delhi]]
	\| occupation = Businessman; entrepreneur		\| occupation = Businessman; entrepreneur
	\| years_active = 1975{{endash}}date		\| years_active = 1975{{endash}}date
	\| known_for = [[Motherson Sumi Systems]]		\| known_for = [[Motherson Sumi Systems]]
	\| home_town =		\| home_town =
	\| salary =		\| salary =
	\| net_worth = {{ubl\|{{~~decrease~~}} {{AUD}}4.63 [[1,000,000,000\|bn]] (''[[The Australian Financial Review\|AFR]]'' [[Financial Review Rich List ~~2020~~\|~~2020~~]])<ref name="~~afr2020~~"/>\|{{~~decrease~~}} {{USD}}2.3 bn (''[[Forbes Asia\|Forbes]]'' ~~[[List of Indian people by net worth\|2020~~]])~~<ref name~~=~~"Forbes2020"/>~~}}		\| net_worth = {{ubl\|{{up}} {{AUD}}4.76 [[1,000,000,000\|bn]] (''[[The Australian Financial Review\|AFR]]'' [[Financial Review Rich List 2021\|2021]])<ref name="afr2021"/>\|{{up}} {{USD}}3.7 bn ([[Forbes Asia\|''Forbes'']] May 2021){{cn\|date=May 2021}}}}
	\| title =		\| title =
	\| term =		\| term =
	\| predecessor =		\| predecessor =
	\| boards = Motherson Sumi Systems Ltd		\| boards = Motherson Sumi Systems Ltd
	\| awards = {{nowrap\|[[Ernst & Young Entrepreneur of the Year\|EY Entrepreneur of the Year]] 2016}}		\| awards = {{nowrap\|[[Ernst & Young Entrepreneur of the Year\|EY Entrepreneur of the Year]] 2016}}
	\| spouse =		\| spouse =
	\| children =		\| children =
	\| mother = Swaran Lata Sehgal		\| mother = Swaran Lata Sehgal
	\| father =		\| father =
	\| relatives =		\| relatives =
	\| website = <!-- {{URL\|example.com}} -->		\| website = <!-- {{URL\|example.com}} -->
	}}		}}
	'''Vivek Chaand Sehgal''' (born 1 February 1957) is an Indian-Australian [[billionaire]] businessman and entrepreneur. Sehgal is the chairman and co-founder of [[Motherson Sumi Systems\|Samvardhana Motherson Group]], an auto parts manufacturer.		'''Vivek Chaand Sehgal''' (born 1 February 1957) is an Indian-Australian [[billionaire]] businessman and entrepreneur. Sehgal is the chairman and co-founder of [[Motherson Sumi Systems\|Samvardhana Motherson Group]], an auto parts manufacturer.
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	=== Net worth ===		=== Net worth ===
	As of May ~~2018~~, ''[[~~Forbes~~]]'' estimated ~~his~~ net worth at {{~~USD~~}}6 [[1,000,000,000\|billion]],<ref name="~~Forbes2018~~"/> ~~while the~~ ''[[~~Australian Financial Review~~]]'' ~~listed Sehgal as the ninth richest Australian on its [[Financial Review Rich List\|2018 Rich List]] with an~~ estimated {{~~AUD~~}}5.88 billion~~, after Sehgal acquired Australian citizenship~~ in ~~2017, making him eligible for the list for~~ the ~~first time~~.<ref name="~~afr2018~~"/>		As of May 2021, ''[[The Australian Financial Review\|Financial Review]]'' [[Financial Review Rich List\|Rich List]] estimated Seghal's [[net worth]] was {{AUD}}4.76 [[1,000,000,000\|billion]].<ref name="afr2021"/> Meanwhile, ''[[Forbes]]'' estimated his net worth was {{USD}}3.7 billion in the same month.<ref name="Forbes2018"/>{{clarify\|date=May 2021}}

	{{columns-start}}		{{columns-start}}
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	\| align="center" \| {{nowrap\|{{nts\|71}} {{decrease}}}}		\| align="center" \| {{nowrap\|{{nts\|71}} {{decrease}}}}
	\| align="right" \| $2.30 billion {{decrease}}		\| align="right" \| $2.30 billion {{decrease}}
			\|-
			\| 2021<ref name="afr2021">{{cite news \|author1=Bailey, Michael \|author2=Sprague, Julie-anne \|url=https://www.afr.com/rich-list/australia-s-10-richest-people-revealed-20210526-p57vfr \|title=The 200 richest people in Australia revealed \|work=[[Australian Financial Review]] \|date=27 May 2021 \|access-date=28 May 2021}}</ref>
			\| align="center" \| {{nowrap\|{{nts\|18}} {{decrease}}}}
			\| align="right" \| $4.76 billion {{up}}
			\| align="center" \|
			\| align="right" \|
	\|}		\|}

	{{column}}		{{column}}
	{\| class="wikitable"		{\| class="wikitable"

>Monkbot: Task 18 (cosmetic): eval 14 templates: del empty params (4×); hyphenate params (5×);

2021-02-01T21:38:41Z

Task 18 (cosmetic): eval 14 templates: del empty params (4×); hyphenate params (5×);

New page

{{EngvarB|date=May 2018}}
{{Use dmy dates|date=May 2018}}
{{Infobox person
| name = Vivek Chaand Sehgal
| image =
| image_size =
| alt =
| caption =
| birth_name =
| birth_date = {{birth date and age|1957|02|01|df=y}}<ref name=ss>{{cite web |url=https://successstory.com/people/vivek-chaand-sehgal |title=Vivek Chaand Sehgal Success Story |work=Success story |access-date=22 December 2020 }}</ref>
| birth_place = [[Dehli]], [[India]]
| death_date = 
| death_place =
| nationality = Australian
| education = [[University of Delhi]]
| occupation = Businessman; entrepreneur
| years_active = 1975{{endash}}date
| known_for = [[Motherson Sumi Systems]]
| home_town =
| salary =
| net_worth = {{ubl|{{decrease}} {{AUD}}4.63 [[1,000,000,000|bn]] (''[[The Australian Financial Review|AFR]]'' [[Financial Review Rich List 2020|2020]])<ref name="afr2020"/>|{{decrease}} {{USD}}2.3 bn (''[[Forbes Asia|Forbes]]'' [[List of Indian people by net worth|2020]])<ref name="Forbes2020"/>}}
| title =
| term =
| predecessor =
| boards = Motherson Sumi Systems Ltd
| awards = {{nowrap|[[Ernst & Young Entrepreneur of the Year|EY Entrepreneur of the Year]] 2016}}
| spouse =
| children =
| mother = Swaran Lata Sehgal
| father =
| relatives =
| website = 
}}
'''Vivek Chaand Sehgal''' (born 1 February 1957) is an Indian-Australian [[billionaire]] businessman and entrepreneur. Sehgal is the chairman and co-founder of [[Motherson Sumi Systems|Samvardhana Motherson Group]], an auto parts manufacturer.

==Early life==
Sehgal was born on 1 February 1957 in [[Dehli]], [[India]].<ref name=ss/> He did his schooling from [[Birla Public School]] in [[Pilani]], [[Rajasthan]].{{citation needed|date=December 2019}} Sehgal earned a bachelor's degree from the [[University of Delhi]].<ref name="Forbes2018"/>

==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.<ref name=ss/><ref>{{cite news|url=http://www.businesstoday.in/magazine/exclusive/best-ceos-of-india-2013/india-best-ceo-2013-auto-ancillaries-vc-sehgal-motherson-sumi/story/201390.html|title=High Speed Driver|work=[[Business Today (business magazine)|Business Today]]|date=5 January 2014}}</ref> Samvardhana Motherson Group's future in the silver industry was placed in jeopardy after a competitor faced bankruptcy.<ref name=ss/> Samvardhana Motherson Group became a manufacturer of auto components instead, eventually forming a partnership with [[Sumitomo Electric]]<ref name=ss/> and acquired eleven companies in twelve years.<ref name=" M & A ">{{cite news|title=How VC Sehgal-led Motherson Sumi could manage 11 acquisitions in 12 years|work=[[The Economic Times]]|location=India|access-date=17 November 2016|url=http://articles.economictimes.indiatimes.com/2014-06-26/news/50884554_1_vivek-chaand-sehgal-samvardhana-motherson-group-motherson-sumi}}</ref> Sehgal served as [[managing director]] from 1975 until 1995 and stepped back from the day-to-day operations of the business,<ref name=ss/> and has subsequently served as chairman of the group.<ref>{{cite news |editor=Bailey, Michael |url=https://www.afr.com/rich-list/there-s-life-after-car-industry-for-australia-s-unknown-billionaire-20190502-p51jls |title=What lies ahead for Australia's unknown billionaire |work=[[The Australian Financial Review]] |date=24 May 2019 |access-date=22 December 2020 |url-access=subscription }}</ref>

In 2016 Sehgal was awarded the [[Ernst & Young Entrepreneur of the Year Award|EY Entrepreneur of the Year Award]], India.<ref>{{YouTube|id=pMVDfhhxKRU|title=Vivek Chaand Sehgal : Entrepreneur Of The Year 2016 Award Winner}}</ref><ref>{{cite web |url=https://www.global-nikkei.com/asia3hp/speakers/speakers08.html |title=Vivek Chaand Sehgal |work=Nikkei Asia 300 Global Business Forum |publisher=[[Nikkei Inc.]] |date=2016 |access-date=22 December 2020 }}</ref>

==Personal life==
Seghal is married, with two children, and lives in Delhi, India.<ref name="Forbes2018"/>

=== Net worth ===
As of May 2018, ''[[Forbes]]'' estimated his net worth at {{USD}}6 [[1,000,000,000|billion]],<ref name="Forbes2018"/> while the ''[[Australian Financial Review]]'' listed Sehgal as the ninth richest Australian on its [[Financial Review Rich List|2018 Rich List]] with an estimated {{AUD}}5.88 billion, after Sehgal acquired Australian citizenship in 2017, making him eligible for the list for the first time.<ref name="afr2018"/>

{{columns-start}}
{| class="wikitable"
! rowspan=2 | Year
! colspan=2 width=40% | ''[[The Australian Financial Review|Financial Review]]'' [[Financial Review Rich List|Rich List]]
! colspan=2 width=40% | ''[[Forbes Asia|Forbes]]'' [[List of Indian people by net worth|India's 100 Richest]]
|-
! Rank
! [[Net worth]] ([[AUD|A$]])
! Rank
! {{nowrap|[[Net worth]] ([[USD|US$]])}}
|-
| 2017<ref name="afr2017">{{cite news |url=http://www.afr.com/leadership/afr-lists/rich-list/financial-review-rich-list-2017-20170525-gwcvr6 |editor=Stensholt, John |title=Financial Review Rich List 2017 |work=[[The Australian Financial Review]] |date=25 May 2017 |access-date=8 June 2017 }}</ref><ref name="crikey2017">{{cite news |url=https://www.crikey.com.au/2017/05/26/tmaynes-take-the-top-25-australian-billionaires-as-claimed-by-fairfax-media/ |author=Mayne, Stephen |author-link=Stephen Mayne |title=Mayne’s take: The top 25 Australian billionaires, as claimed by Fairfax |work=[[Crikey]] |publisher=Private Media |date=26 May 2017 |access-date=10 October 2019 }}</ref><ref name="Forbes2017">{{cite news|url=https://www.forbes.com/sites/forbesasia/2017/11/01/australias-richest-2017-mining-for-dollars/#4d3806661d24|title=Australia's Richest 2017: Country's Wealthiest Continue Mining For Dollars |access-date=28 September 2019 |work=Forbes Asia|date=1 November 2017 }}</ref>
| align="center" | ''n/a''
| align="right" | ''not listed''
| align="center" |
| align="right" |
|-
| 2018<ref name="afr2018">{{cite web|url=http://www.afr.com/brand/afr-magazine/rich-list-overview-20180413-h0yqo5|title=2018 AFR Rich List: Who are Australia's richest people?|work=[[The Australian Financial Review]]|date=25 May 2018|editor=Stensholt, John|access-date=26 May 2018}}</ref><ref name="Forbes2018">{{cite web|title=Vivek Chaand Sehgal|url=https://www.forbes.com/profile/vivek-chaand-sehgal/|website=[[Forbes]] |year=2018 |access-date=18 May 2018}}</ref>
| align="center" | {{nowrap|{{nts|9}} {{gain}}}}
| align="right" | $5.88 [[1,000,000,000|billion]] {{gain}}
| align="center" |
| align="right" | $6.00 billion
|-
| 2019<ref name="afr2019">{{cite web|url=https://www.afr.com/rich-list/australia-s-10-wealthiest-people-revealed-20190529-p51sj0|title=Australia's 200 richest people revealed|work=[[The Australian Financial Review]] |publisher=Nine Publishing|date=30 May 2019|last=Bailey|first=Michael|access-date=31 May 2019}}</ref><ref name="Forbes2019">{{cite news|url=https://www.forbes.com/australia-billionaires/list/#tab:overall|title=2019 Australia's 50 Richest|access-date=28 September 2019|work=Forbes Asia|date=January 2019 }}</ref>
| align="center" | {{nowrap|{{nts|12}} {{decrease}}}}
| align="right" | $5.50 billion {{decrease}}
| align="center" |
| align="right" |
|-
| 2020<ref name="afr2020">{{cite web|url=https://www.afr.com/rich-list/the-10-richest-australians-revealed-20201028-p569c7|url-access=subscription|title=The full list: Australia's wealthiest 200 revealed|work=[[The Australian Financial Review]]|publisher=Nine Publishing|date=30 October 2020|author1=Bailey, Michael|author2=Sprague, Julie-anne|access-date=31 October 2020}}</ref><ref name="Forbes2020">{{cite news|author=Karmali, Naazneen|url=https://www.forbes.com/sites/naazneenkarmali/2020/10/07/indias-100-richest-2020-collective-net-worth-of-countrys-richest-rose-14-despite-pandemic/?sh=31509e6d3da4|title=2020 India's 100 Richest|access-date=22 December 2020|work=[[Forbes Asia|Forbes]]|date=7 October 2020 }}</ref>
| align="center" | {{nowrap|{{nts|14}} {{decrease}}}}
| align="right" | $4.63 billion {{decrease}}
| align="center" | {{nowrap|{{nts|71}} {{decrease}}}}
| align="right" | $2.30 billion {{decrease}}
|}
{{column}}
{| class="wikitable"
!colspan="2"|Legend
|-
! Icon
! Description
|-
|{{steady}}
|Has not changed from the previous year
|-
|{{profit}}
|Has increased from the previous year
|-
|{{loss}}
|Has decreased from the previous year
|}
{{columns-end}}

== References ==
{{Reflist}}

{{Authority control}}

{{DEFAULTSORT:Sehgal, Vivek Chaand}}
[[Category:Businesspeople from Delhi]]
[[Category:Living people]]
[[Category:1957 births]]
[[Category:Australian billionaires]]
[[Category:University of Delhi alumni]]
[[Category:Indian emigrants to Australia]]
[[Category:Naturalised citizens of Australia]]

{{India-business-bio-stub}}