Early Life
Vivek Chaand Sehgal was born on September 28, 1956, in Delhi, India. He attended Birla Public School in Pilani, Rajasthan, and earned a bachelor's degree from the University of Delhi. His family background included involvement in the jewelry business, which provided an early exposure to commerce.
Rise to Success
Sehgal's entrepreneurial journey began in 1975 when he co-founded Motherson with his mother, Shrimati Swaran Lata Sehgal. Initially, the company focused on silver trading. However, recognizing the evolving market and potential, Sehgal made a pivotal shift into automotive parts manufacturing. This strategic decision proved crucial, propelling the company to become a major player in the global automotive industry. In 1983, the company started manufacturing cables, and in 1986, they formed a joint venture with Sumitomo Wiring Systems. In 1993, Sehgal listed Motherson on the stock exchanges in India.
Key Business Strategies
Under Sehgal's leadership, the Samvardhana Motherson Group (SMG) expanded through strategic acquisitions and partnerships. The group has grown into a global entity with a presence in multiple countries. Sehgal has focused on customer satisfaction, which has led to the company's growth. The company has grown to have over 270 factories in 41 countries.
Philanthropy
Vivek Chaand Sehgal is known for supporting various educational and healthcare initiatives, along with being a patron of the arts. He has established the Motherson Foundation to promote Indian art and culture.
