Vivek graduated from Delhi University and began the enterprise of silver buying and selling when he was 18.
In the enterprise of silver buying and selling, Vivek offered one kilogram of silver for one rupee and determined to start out his personal firm after realising the value of investing in and buying and selling silver.
Vivek Chaand Sehgal, the co-founding father of the enterprise conglomerate Motherson Group, is likely one of the distinguished millionaire businessmen at present. The 66-12 months-previous enterprise tycoon had began his profession with a wage of Rs 2,500 within the early Seventies and went on to determine an empire with staggering gross sales of Rs 1,05,600 crore. According to the experiences, he has grow to be the richest man in Australia. This house articulates how he managed to grow to be probably the most reputed names within the enterprise.
Vivek was born in Delhi, India on September 28, 1956 and accomplished his training in Pilani, Rajasthan’s Birla Public School. Vivek graduated from Delhi University and began the enterprise of silver buying and selling on the age of eighteen. His grandfather was a profitable jeweller. In the enterprise of silver buying and selling, Vivek offered one kilogram of silver for one rupee and determined to start out his personal firm after realising the value of investing in and buying and selling silver. With this motive, In 1975, he based the corporate — Motherson alongside his late mom, Shrimati Swaran Lata Sehgal, dealing within the silver commerce initially. The silver commerce trade, nonetheless, quickly started to say no. When it was on the verge of chapter, Vivek ended his stint on this enterprise. Undeterred by the failure, he then initiated his enterprise proceedings in automotive components.
Vivek is presently heading the Samvardhana Motherson Group, an necessary division of the bigger Motherson Group and produces automotive components. As per Forbes Magazine, his web value stands at USD 4.8 billion (Rs 38,965 crore) as of March 18, positioning him on the 666th spot globally when it comes to wealth. In 2021, he occupied the forty ninth place in India’s richest listing by the journal and was additionally given the EY Entrepreneur of the Year Award in India in 2016. In an interview with CNBC TV18, Vivek talked about his expertise within the enterprise and stated,” We don’t strategise. Strategies are on your buyer, let him strategise. You need to know that your technique will at all times intervene with the shopper’s technique. This is why, not having a technique is a good technique.”
