Vivek Chaand Sehgal
Delhi, India
Bachelor of Arts/Science, Delhi University
Australia
auto parts, Self Made
$3,100,000,000
645
#645 Billionaires 2019
#21 India's Richest 2018
Vivek Chaand Sehgal chairs the $10.5 billion (revenue) Samavardhan Motherson Group, which was set up in 1975. Sehgal draws the biggest chunk of his wealth from a one-third stake in flagship Motherson Sumi Systems, India's largest auto components maker.The company, which has Japan's Sumitomo Wiring Systems as a partner, has 250 factories with operations in 41 countries. Its clients include Volkswagen, BMW, Mercedes, Ford and Toyota.
Sehgal founded the company with his mother as a silver trading outfit, hence the name Motherson. Sehgal has made 21 acquisitions since 2002, including the $201 million acquisition of French auto parts maker Reydel Automotive Group in August 2018.
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