From his modest beginnings in India to becoming Australia’s richest Indian, Vivek Chaand Sehgal’s story is one of perseverance, strategic thinking, and visionary leadership
From Humble Beginnings to Billionaire: Meet Australia’s Richest Indian Businessman
Vivek Chaand Sehgal, an Indian-born businessman, stands as the wealthiest Indian in Australia today with an astounding net worth of $7.7 billion (approximately Rs 64,652 crore). Chairman of the globally recognized Motherson Group, Sehgal’s journey from earning Rs 2,500 a month to leading an international auto parts empire is nothing short of remarkable.
Hailing from a family of jewellers, Sehgal began his entrepreneurial journey at the age of 18. Initially, he ventured into the silver trading business in the early 1970s, earning just one rupee per kilogram. By 1975, alongside his mother Swaran Lata Sehgal, he co-founded Motherson Group, focusing on silver trading. However, a downturn in the silver industry nearly led the company to bankruptcy.
Sehgal is now married with two children, one of whom, Laksh Vaaman Sehgal, holds a position on the Board of Directors at Motherson Group
Sehgal’s decision to pivot the business into the automotive sector proved transformative. Motherson Group now operates in 41 countries and generates $12.7 billion (Rs 1 lakh crore) in revenue. The company supplies high-quality auto parts to prestigious clients such as BMW, Mercedes, Ford, Toyota, and Volkswagen. Today, the once-humble venture is a global powerhouse in the automotive industry.
Sehgal’s inspiration for business stemmed from his father, a mining engineer, who encouraged him to take risks and aim high. After completing his schooling at Birla Public School in Pilani, Rajasthan, and earning a Bachelor’s Degree from Delhi University, Sehgal set out on a path that would change his life.
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