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Vivek Chaand Sehgal

{{Short description|Indian-Australian businessman}}

{{EngvarB|date=May 2018}}

{{Use dmy dates|date=May 2018}}

{{Infobox person

| name = Vivek Chaand Sehgal

| image = Vivek Chaand Sehgal, Chairman, Samvardhana Motherson Group (35566596476).jpg

| image_size =

| alt =

| caption = Sehgal in 2017

| birth_name =

| birth_date = {{birth date and age|1957|02|01|df=y}}

| birth_place = Delhi, India

| death_date =

| death_place =

| nationality = Australian

| education = University of Delhi

| occupation = Businessman

| years_active = 1975{{endash}}

| known_for = Motherson Sumi Systems

| title =

| term =

| predecessor =

| boards = Motherson Sumi Systems Ltd

| spouse =

| children = 2

| website =

| footnotes = {{cite web |url=https://successstory.com/people/vivek-chaand-sehgal |title=Vivek Chaand Sehgal Success Story |work=Success story |access-date=22 December 2020 }}

}}

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.{{citation needed|date=December 2019}} 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.{{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|date=5 January 2014}} Samvardhana Motherson Group's future in the silver industry was placed in jeopardy after a competitor faced bankruptcy. Samvardhana Motherson Group became an Ohio manufacturer of auto components instead, eventually forming a partnership with Sumitomo Electric and acquired eleven companies in twelve years.{{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|archive-url=https://web.archive.org/web/20140628184854/http://articles.economictimes.indiatimes.com/2014-06-26/news/50884554_1_vivek-chaand-sehgal-samvardhana-motherson-group-motherson-sumi|url-status=dead|archive-date=28 June 2014}} 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.{{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 }}

In 2016 Sehgal was awarded the EY Entrepreneur of the Year Award, India.{{YouTube|id=pMVDfhhxKRU|title=Vivek Chaand Sehgal : Entrepreneur Of The Year 2016 Award Winner}}{{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 }}

Personal life

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

= Net worth =

{{as of|2025|05}}, the Financial Review 2025 Rich List estimated Seghal's net worth was {{AUD}}8.05 billion. In October 2024, Sehgal and his family were ranked 30th on the Forbes list of India's 100 richest people, with a net worth of {{USD}}8.9 billion.{{Cite web |date=October 9, 2024 |title=India's 100 Richest |url=https://www.forbes.com/lists/india-billionaires/ |website=India’s 100 Richest}}

class="wikitable"

! rowspan=2 | Year

! colspan=2 | Financial Review
Rich List

! colspan=2 | Forbes
India's 100 Richest

Rank

! Net worth (A$)

! Rank

! {{nowrap|Net worth (US$)}}

2017{{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 }}{{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 }}{{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 }}

| align="center" | n/a

| align="right" | not listed

| align="center" |

| align="right" |

2018{{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}}{{cite web|title=Vivek Chaand Sehgal|url=https://www.forbes.com/profile/vivek-chaand-sehgal/|website=Forbes |year=2018 |access-date=18 May 2018}}

| align="center" | {{nowrap|{{nts|9}} {{gain}}}}

| align="right" | $5.88 billion {{gain}}

| align="center" |

| align="right" | $6.00 billion

2019{{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}}{{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 }}

| align="center" | {{nowrap|{{nts|12}} {{decrease}}}}

| align="right" | $5.50 billion {{decrease}}

| align="center" |

| align="right" |

2020{{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}}{{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|date=7 October 2020 }}

| align="center" | {{nowrap|{{nts|14}} {{decrease}}}}

| align="right" | $4.63 billion {{decrease}}

| align="center" | {{nowrap|{{nts|71}} {{decrease}}}}

| align="right" | $2.30 billion {{decrease}}

2021{{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}}

| align="center" | {{nowrap|{{nts|18}} {{decrease}}}}

| align="right" | $4.76 billion {{up}}

| align="center" |

| align="right" | $3.70 billion {{up}}

2022

| align="center" | {{nowrap|{{nts|18}} {{steady}}}}

| align="right" | $5.90 billion {{up}}

| align="center" |

| align="right" |

2023{{cite news |author1=Bailey, Michael |author2=Sprague, Julie-anne |url=https://www.afr.com/rich-list/australia-s-10-richest-people-revealed-20230523-p5dapa |title=The 200 richest people in Australia revealed |work=Australian Financial Review |date=26 May 2023 |access-date=6 June 2023}}

| align="center" | {{nowrap|{{nts|24}} {{down}}}}

| align="right" | $4.20 billion {{down}}

| align="center" |

| align="right" |

2024{{cite news |author1=Redrup, Yolanda |author2=Bailey, Michael |url=https://www.afr.com/rich-list/australia-s-10-richest-people-revealed-20240521-p5jfe4 |title=Australia's wealthiest 200 now control $625b |work=Australian Financial Review |date=30 May 2024 |access-date=18 September 2024}}

| align="center" | {{nowrap|{{nts|15}} {{up}}}}

| align="right" | $8.16 billion {{up}}

| align="center" | {{nts|30}}

| align="right" | $8.90 billion

2025{{cite news |author1=Redrup, Yolanda |url=https://www.afr.com/rich-list/australia-s-wealthiest-200-revealed-fortunes-blow-past-667b-20250509-p5lxxb |title=Australia’s wealthiest 200 revealed, fortunes blow past $667b |work=Australian Financial Review |date=30 May 2025 |access-date=31 May 2025 |url-access=subscription }}

| align="center" | {{nowrap|{{nts|19}} {{down}}}}

| align="right" | $8.05 billion {{down}}

| align="center" |

| align="right" |

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

References

{{Reflist}}

{{Authority control}}

{{DEFAULTSORT:Sehgal, Vivek Chaand}}

Category:Businesspeople from Delhi

Category:Living people

Category:1957 births

Category:Australian billionaires

Category:Delhi University alumni

Category:Indian emigrants to Australia

Category:Naturalised citizens of Australia

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