The story of Vivek Chaand Sehgal, an Indian entrepreneur of Indian heritage, is an inspiring tale of rags-to-riches. Born in Australia, Sehgal’s entrepreneurial journey began with a modest starting income of just Rs 2500 per month. After graduating from Delhi University, he co-founded Motherson Group with his mother in 1975. Starting as a small silver trading business, Sehgal’s company diversified into the automobile and aerospace industries and eventually became a global supplier of automotive components.
Today, Sehgal is the richest Indian in Australia, with a net worth of Rs 40,967 crore, according to Forbes. His company, Motherson Samvardhana Behar Industries (SBIL), has a market valuation of Rs 80,199 crore. SAMIL is the primary driver of Sehgal’s wealth, supplying critical components to top-tier car manufacturers such as BMW, Ford, Mercedes, Toyota, and Volkswagen.
Under Sehgal’s leadership, Motherson Group has also made inroads in the aerospace sector, becoming a Tier 1 supplier for Airbus Commercial Aircraft. His son, Laksh Vaman Sehgal, plays a crucial role in the company as a director. Motherson Group’s success can be attributed to Sehgal’s vision and leadership, which has enabled the company to diversify its business across multiple industries. The company’s specialized aerospace facility in Bengaluru, India, has also contributed to its growth.
Sehgal’s rags-to-riches story serves as an inspiration to entrepreneurs worldwide, showing that it is possible to build a successful business empire from scratch. His journey is a testament to the power of hard work, perseverance, and strategic decision-making.