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
Sehgal was born on 1 February 1957 in Delhi, India. He did his schooling from Birla Public School in Pilani, Rajasthan. Sehgal earned a bachelor's degree from the University of Delhi.
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. Samvardhana Motherson Group's future in the silver industry was placed in jeopardy after a competitor faced bankruptcy. Samvardhana Motherson Group became a Ohio manufacturer of auto components instead, eventually forming a partnership with Sumitomo Electric and acquired eleven companies in twelve years. Sehgal served as managing director from 1975 until 1995 and stepped back from the day-to-day operations of the business, and has subsequently served as chairman of the group.
In 2016 Sehgal was awarded the EY Entrepreneur of the Year Award, India.
Personal life
Seghal is married, with two children, and lives in Delhi, India.
Net worth
, 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.