Vivek chaand sehgal biography of martin
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Vivek Chaand Sehgal, born into a family of jewellers, is now Australia&#;s richest Indian. His entrepreneurial journey began at the ung age of 18, and over the years, he transitioned his family business from jewellery to the automotive sector, leading to the establishment of a global business empire. From humble beginnings to heading a Rs 1 lakh crore company, Sehgal’s story is an inspiring example of determination and business acumen.
From Humble Beginnings to Billionaire Status
Vivek Chaand Sehgal currently holds a net worth of $ billion (approximately Rs 64, crore), according to Forbes. He is the Chairman of Motherson Group, a global auto parts manufacturing giant that operates in 41 countries and generates annual revenue of $ billion (around Rs 1 lakh crore). The company serves prestigious clients like BMW, Ford, Mercedes, Toyota, and Volkswagen.
However, his rise to wealth wasn’t instant. In his early days, Sehgal earned a modest monthly income of Rs 2, His first busines
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‘Motherson is actually ahead of the (growth) curve.’
Vivek Chaand Sehgal, chairman, Samvardhana Motherson Group, speaks to Shobha Mathur about the many benefits of setting up five-year plans, acquiring companies globally, and also its three-pronged growth engine formula.
The Samvardhana Motherson Group had recently announced plans for setting up 14 new facilities with a capex of Rs crore. Can you elaborate on the roadmap for the future?
We give a five-year heads-up and every fem years we come up with a plan. In , we came up with the first five-year plan and projected what would be the target for We were a Rs crore company then and we said that in five years, we will grow 10 times to Rs 1, crore, not only our topline but our bottomline will post a 40 percent return on capital employed.
In , we actually did Rs 1, crore and saw ROCE (return on capital employed) of 39 percent. In , we came out with a plan for for making Motherson Sumi Systems Ltd (MSSL) a billion-dollar c
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Meet son of richest Indian in Australia, who studied in US, now works for Rs crore company as
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After completing his MBA in Finance from the US, Laksh returned to the family business in
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Many Indian businessmen gradually handover their business empire to their children. The new generation further expands the family business under the guidance of their experienced parents. One such person is Laksh Vaaman Sehgal, son of the richest Indian in Australia, Vivek Chaand Sehgal.
His father is the chairman of the USD 23 billion (revenue) Motherson Group which runs Samvardhana Motherson International, an Indian multinational manufacturer of automotive components, based in Noida. The group also runs Motherson Sumi Wiring India. Laksh's father and grandmother founded the group in as a silver trading business.
Today, Laksh is a director on the boards