Vivek Chaand Sehgal, Australia’s richest Indian entrepreneur, has built a multi-billion-dollar empire from modest beginnings. In the 1970s, he earned just $30 per month, but through persistence and strategic decisions, he created a business worth $5,500 million today.
Born on September 28, 1956, in Delhi, Sehgal grew up in a family of jewelers and studied at Birla Public School in Pilani before graduating from Delhi University. His first business venture involved silver trading, where he sold silver at just one rupee per kilogram. Despite financial struggles, he remained determined to find better opportunities.
In 1975, he co-founded the Madrasan Company with his mother, Swarn Lata Sehgal. Initially focused on silver trading, the company faced severe financial setbacks and was close to bankruptcy. Instead of giving up, Sehgal made a crucial decision to shift toward automotive parts manufacturing. This move laid the foundation for the Samvardhana Motherson Group.
Under his leadership, the company evolved into one of the world’s largest auto component suppliers. His ability to adapt to market changes and make bold decisions played a key role in this remarkable transformation.
As of early 2025, Sehgal’s net worth stands at $5,500 million, and Samvardhana Motherson generates annual revenues exceeding $12,000 million. His achievements earned him the EY Entrepreneur of the Year Award in India in 2016.
Sehgal’s journey highlights the power of resilience, innovation, and strategic thinking. From selling silver to leading a multi-billion-dollar company, he has set an inspiring example for entrepreneurs worldwide. By embracing change and overcoming challenges, he has built a global powerhouse while solidifying his place in Australia’s business world.
