Vivek Chaand Sehgal: Difference between revisions

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{{Infobox person
{{Infobox person
| name              = Vivek Chaand Sehgal
| name              = Vivek Chaand Sehgal
| image              =
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| 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&nbsp;[[1,000,000,000|bn]] (''[[The Australian Financial Review|AFR]]'' [[Financial Review Rich List 2020|2020]])<ref name="afr2020"/>|{{decrease}} {{USD}}2.3&nbsp;bn (''[[Forbes Asia|Forbes]]'' [[List of Indian people by net worth|2020]])<ref name="Forbes2020"/>}}
| net_worth          = {{ubl|{{up}} {{AUD}}4.76&nbsp;[[1,000,000,000|bn]] (''[[The Australian Financial Review|AFR]]'' [[Financial Review Rich List 2021|2021]])<ref name="afr2021"/>|{{up}} {{USD}}3.7&nbsp;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&nbsp;[[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&nbsp;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&nbsp;[[1,000,000,000|billion]].<ref name="afr2021"/> Meanwhile, ''[[Forbes]]'' estimated his net worth was {{USD}}3.7&nbsp;billion in the same month.<ref name="Forbes2018"/>{{clarify|date=May 2021}}


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| align="center" | {{nowrap|{{nts|71}} {{decrease}}}}
| align="center" | {{nowrap|{{nts|71}} {{decrease}}}}
| align="right"  | $2.30&nbsp;billion {{decrease}}
| align="right"  | $2.30&nbsp;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&nbsp;billion {{up}}
| align="center" |
| align="right"  |
|}
|}
{{column}}
{{column}}
{| class="wikitable"
{| class="wikitable"

Latest revision as of 17:06, 30 May 2021

Vivek Chaand Sehgal
Born (1957-02-01) 1 February 1957 (age 69)[1]
Dehli, India
NationalityIndian
EducationUniversity of Delhi
OccupationBusinessman; entrepreneur
Years active1975–date
Known forMotherson Sumi Systems
Net worth
Board member ofMotherson Sumi Systems Ltd
Parent(s)
  • Swaran Lata Sehgal (mother)
AwardsEY Entrepreneur of the Year 2016

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[edit | edit source]

Sehgal was born on 1 February 1957 in Dehli, India.[1] He did his schooling from Birla Public School in Pilani, Rajasthan.[citation needed] Sehgal earned a bachelor's degree from the University of Delhi.[3]

Career[edit | edit source]

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][4] Samvardhana Motherson Group's future in the silver industry was placed in jeopardy after a competitor faced bankruptcy.[1] Samvardhana Motherson Group became a manufacturer of auto components instead, eventually forming a partnership with Sumitomo Electric[1] and acquired eleven companies in twelve years.[5] 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.[6]

In 2016 Sehgal was awarded the EY Entrepreneur of the Year Award, India.[7][8]

Personal life[edit | edit source]

Seghal is married, with two children, and lives in Delhi, India.[3]

Net worth[edit | edit source]

As of May 2021, Financial Review Rich List estimated Seghal's net worth was A$4.76 billion.[2] Meanwhile, Forbes estimated his net worth was US$3.7 billion in the same month.[3][clarification needed]

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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][3] 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[2] 18 Decrease $4.76 billion Increase
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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[edit | edit source]

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Vivek Chaand Sehgal Success Story". Success story. Retrieved 22 December 2020.
  2. ↑ 2.0 2.1 2.2 Bailey, Michael; Sprague, Julie-anne (27 May 2021). "The 200 richest people in Australia revealed". Australian Financial Review. Retrieved 28 May 2021.
  3. ↑ 3.0 3.1 3.2 3.3 "Vivek Chaand Sehgal". Forbes. 2018. Retrieved 18 May 2018.
  4. ↑ "High Speed Driver". Business Today. 5 January 2014.
  5. ↑ "How VC Sehgal-led Motherson Sumi could manage 11 acquisitions in 12 years". The Economic Times. India. Retrieved 17 November 2016.
  6. ↑ Bailey, Michael, ed. (24 May 2019). "What lies ahead for Australia's unknown billionaire". The Australian Financial Review. Retrieved 22 December 2020.
  7. ↑ Vivek Chaand Sehgal : Entrepreneur Of The Year 2016 Award Winner at YouTube
  8. ↑ "Vivek Chaand Sehgal". Nikkei Asia 300 Global Business Forum. Nikkei Inc. 2016. Retrieved 22 December 2020.
  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.


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