Vivek Chaand Sehgal

Chairman, Samvardhana Motherson Group

Birth DetailsFebruary 1, 1957

NationalityAustralian

LeagueBusiness Leader

EducationBachelor of Arts, Science, University of Delhi

Net Worth$3.6 billion (As of May 29, 2021)

Vivek Chaand Sehgal's Assets:

Samvardhana Motherson Group

Vivek Chaand Sehgal's Journey so far ...

Starting out with transporting silver to the airport for a commission at the age of 18, Vivek Chaand Sehgal teamed up with his mother to create a silver trading company, called Samavardhan Motherson, in 1975
In 1983, Sehgal shifted the focus of his business from silver trading to manufacturing auto components
Soon, Motherson went into a joint venture with the Japanese manufacturer Sumitomo Wiring Systems to supply components to Maruti Suzuki
Motherson Sumi Systems Ltd. was formally established in 1986
Motherson debuted in the public markets in 1993
Sehgal gave up his day-to-day responsibilities at Motherson and stepped down as its Managing Director in 1995
In 2002, the company bought the Irish wiring harness company Wexford Electronics
In 2009, his company acquired the UK-based rear-view mirror manufacturer VisioCorp
In 2011, Motherson took over the German automobile interiors manufacturer Peguform
In 2019, the firm acquired Bombardier’s UK-based rolling stock electrical component manufacturing business
Since 2002, the company has made as many as 21 acquisitions and expanded its presence to 41 countries
Among others, Motherson Sumi counts Daimler, Volkswagen, Toyota, Audi, BMW, Ford, GM, Honda and Maruti Suzuki as its clients
The Motherson Group has over 270 manufacturing facilities and employs more than 1,35,000 professionals
By 2019, the group’s revenues had grown to Rs 81,893.4 crore from Rs 19.3 in 1993

Before you go ...

Sehgal became an Australian citizen in 1997
Some of Motherson’s acquisitions such as VisioCorp and Peguform were a result of their clients’ suggestions. Despite most of his acquisitions being financially troubled, Sehgal has managed to turn them around to become contributors to the group’s revenues
Every factory of the company has a temple on its campus
Reports suggest that Sehgal’s group might enter the aerospace parts, defence equipment and medical devices sectors in the future

Last Updated: 01/06/2021

Vivek Chaand Sehgal News

Indian Navy participates in RIMPAC naval exerciseThe exercise will witness the participation of an aircraft carrier battle group, submarines, maritime reconnaissance aircraft, unmanned aerial vehicles, remotely piloted surface ships and also an amphibious force landing operations, Commander Madhwal said. The RIMPAC exercise will run till August 1.
Is a market-linked pension plan right for you? Vivek Jain explainsVivek Jain, Head of Investments, Policybazaar.com says that in retirement planning, it's vital to consider both market-linked and guaranteed pension plans, allocating funds based on age and risk tolerance. Including a spouse in joint life coverage and leaving a legacy for nominees are key aspects of securing a stable financial future.
Finmin reviews financial inclusion schemes in meeting with banks, FI CEOsBanks were urged to improve customer experience in banking services by focusing on initiatives like CKYC, Jan Samarth portal, and Aadhar seeding. The meeting acknowledged progress in social security and financial inclusion through government schemes, emphasizing the importance of reaching the last mile for stronger initiatives.
SBI pays Rs 6,959 crore dividend to govtSBI declared a dividend of Rs 13.70 per share for the financial year 2023-24, higher than Rs 11.30 per equity distributed for the previous year. During 2023-24, the bank earned a record consolidated net profit of Rs 67,085 crore against Rs 55,648 crore in the preceding year.
After Alakh Pandey, now Vivek Bindra criticises NTA, questions early announcement of resultThe NEET 2024 results, released on June 4, have sparked controversy over alleged malpractice and discrepancies, particularly with an unprecedented number of perfect scores and suspicions of paper leaks. Educational figures like Alakh Pandey and Vivek Bindra have voiced concerns, with Bindra highlighting issues such as dummy candidates and center problems.
Facebook, Instagram, Twitter to have cigarette box-like warning labels soon? Here's what US surgeon general Vivek Murthy saysDr. Vivek Murthy said that social media is a contributing factor in the mental health crisis among young people. Will Facebook, Instagram, Twitter act?
Suzlon bags 103.95 MW wind project from AMPIN EnergySuzlon Group secures 103.95 MW wind project from AMPIN Energy Transition in Fatehgarh district of Rajasthan, part of hybrid project under SECI and C&I bids, aiming to provide electricity to 85,000 households and reduce 3.38 lakh tonne of CO2 emissions per year. Vivek Srivastava, CEO, India Business, Suzlon Group, emphasizes commitment to renewable energy expansion in India.
Bihar BJP's agenda: Fresh faces in Union Cabinet, state unit rejigBJP in Bihar plans to induct new faces in the Union cabinet, restructuring its organization. Previous ministers denied tickets in 2024 elections, new leaders to maintain caste balance. Possible comebacks for Ravi Shankar Prasad and Rajiv Pratap Rudy. Focus on addressing voter grievances before crucial assembly elections.
NEET-UG 2024 Results: NTA issues clarification after NEET marking controversyAmidst controversy over NEET-UG 2024 results, health activist Dr. Vivek Pandey files an RTI plea seeking information on grace marks awarded by the National Testing Agency (NTA). The NTA announced that candidates who reported losing time during the exam were compensated with grace marks. However, the medical community remains dissatisfied, and Dr. Pandey seeks details on the total number of students awarded grace marks and the criteria applied. This comes alongside a petition filed in the Supreme Court alleging instances of paper leaks in the NEET-UG examination.
Madhya Pradesh Election Result Winner List 2024: Big winners & losersMadhya Pradesh Election Result Winner List 2024: The state of Madhya Pradesh has become one of the strongest bastions for the BJP. The exit polls this time gave the party all the 29 seats in the state.
Doordarshan to telecast T20 World CupPrasar Bharati announced telecasting T20 World Cup, Paris Olympics, and Wimbledon on DD Sports. New anthem 'Jazba' for T20 World Cup launched. Live coverage of Paris Olympics and Paralympics on DD Sports. India's upcoming cricket tours also to be telecasted.
Organon appoints Vivek Soares as country lead for India, South AsiaUS-based healthcare firm Organon announced Vivek Soares as the new country lead for India and South Asia, bringing over 20 years of biopharmaceutical experience. Soares, previously with Organon Thailand, will succeed Anjan Sen, pivotal in establishing Organon's India operations. Soares aims to drive growth in the region, working towards a healthier future for women.
Delhi hospital fire: Death toll rises to 7 as infant succumbs to burnsA 50-day-old infant rescued from a fire at an east Delhi neonatal hospital died, bringing the death toll to seven. Six newborns previously perised in the tragedy caused by exploding oxygen cylinders at Baby Care New Born Hospital in Vivek Vihar. Police are investigating the incident.
Suzlon Group gets 82 MW wind energy project in Madhya Pradesh from Oyster GreenSuzlon Group has secured an 82 MW wind energy project from Oyster Green Hybrid One Pvt Ltd. The project involves installation of 26 3.15 MW wind turbine generators in Agar, Madhya Pradesh. The company will handle the supply, erection, commissioning, and maintenance services for the project. It targets commercial and industrial customers to promote renewable energy usage in India. Suzlon aims to support sustainable energy solutions globally with its 20.7 GW wind energy capacity.
Delhi hospital fire: Court sends owner, doctor to 14-day judicial custodyTwo individuals, including the owner and an on-duty doctor of a private hospital in Delhi where a fire incident resulted in the death of seven newborns and injuries to five others, have been sent to 14 days of judicial custody by a metropolitan court. Dr. Naveen Khichi, the hospital owner, and Dr. Aaksh, who was on duty during the fire, have been detained. Dr. Aaksh has filed a bail plea, scheduled for hearing on June 3. The hospital, allegedly operating illegally with an expired license and without fire department clearance, witnessed a massive blaze on May 25.
Samvardhana Motherson Q4 Results: Net profit jumps 2-fold to Rs 1,444 crAuto components maker Samvardhana Motherson International Ltd on Wednesday posted a two-fold jump in consolidated net profit to Rs 1,444 crore for the fourth quarter ended March 2024. The company had reported a net profit of Rs 699 crore in the January-March period of the last fiscal.
Delhi hospital fire: Owner Naveen Khichi, Doctor on duty Akash sent to three-day police custody till May 30Fire incident at a New Born Baby Care Hospital in Vivek Vihar | Delhi Fire Department Director Atul Garg says, "The more details will come out after analysing videos and by the eyewitnesses, as the investigation has been started. Prima facie it seems to me that there is no other reason behind the fire but an electric fault... If there would have been any second exit or any other easy access, we could have saved more children. No one was there to guide us and no one could give us information regarding stairs and the number of cylinders... Earlier, we received a complaint that they operate another unauthorised Baby Care Centre in Paschim Vihar, we sent the complaint to the Director General of Health Service to give us the building plans so that we can take necessary action, we have no other record for this..."Delhi hospital fire: Owner Naveen Khichi, Doctor on duty Akash sent to three-day police custody till May 30
Delhi hospital fire: Health Minister Saurabh Bharadwaj calls meetingDelhi Health Minister Saurabh Bharadwaj called for a meeting at the Delhi Secretariat with Health department officials to discuss the east Delhi hospital fire that killed seven newborns, ongoing heatwave conditions, and the private neonatal hospital operating without a valid license or qualified doctors. Dr Naveen Khichi and Dr Aaksh were arrested by the police.
Who is Naveen Kichi? The man at the center of the controversy in Delhi hospital fireA fire in Delhi's Vivek Vihar Baby Care New Born hospital resulted in the death of seven newborns. The hospital's director, Naveen Kichi, was arrested under sections 336 and 304A by Delhi Police.
NCPCR chief blames authorities for fire at children's hospital in DelhiTwelve newborns were rescued from the facility but seven of them died. Five babies are undergoing treatment at another hospital.
Delhi hospital, where 7 newborns died, had no fire extinguishers or even qualified doctorsSeven newborns died in a fire at Baby Care New Born Hospital in Delhi due to lack of emergency exits, fire extinguishers, and qualified doctors. The hospital's license expired on March 31, and it had more beds than allowed. Additionally, the hospital lacked NOC and a fire exit system.
Delhi hospital fire: Delhi government orders magisterial inquiryIn an order issued on Sunday, Divisional Commissioner Ashwani Kumar directed the district magistrate of the Shahdara district to inquire into the fire tragedy that occurred on Saturday night. "And whereas it is essential to cause a magisterial inquiry into the aforesaid incident. Now therefore, District Magistrate (Shahadra)/Chairman, District Disaster Management Authority is hereby directed to inquire into the said fire tragedy so as: To ascertain the circumstances that led to the fire tragedy.
Delhi LG orders inquiry into death of six newborns at hospital in Vivek ViharDelhi Lieutenant Governor VK Saxena on Sunday asked the Chief Secretary to order a probe into the tragic fire incident where six newborns lost their lives at a baby care centre in the Vivek Vihar area. "Have asked Chief Secy to institute an inquiry into the tragic incidents of fire in children's hospital in Delhi. Also instructed CP to ensure all that is needed. My heartfelt condolences to the bereaved families. I assure all relief & will ensure that guilty are brought to book," Delhi LG Saxena said on X.
L-G VK Saxena directs chief secretary to 'institute an inquiry' into Delhi hospital fireDelhi Fire Services officials said a blaze erupted at the Baby Care New Born Hospital in east Delhi's Vivek Vihar area around 11:30 pm on Saturday and spread to two adjacent buildings.
Delhi hospital fire: NCPCR deploys team to investigateDelhi hospital fire: The NCPCR has dispatched a team to investigate a fire at the Baby Care New Born Hospital in east Delhi's Vivek Vihar, which resulted in the deaths of seven newborns. The blaze, which started around 11:30 pm on Saturday, quickly spread to two nearby buildings. Twelve newborns were rescued, with seven fatalities.
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