Early Life
Vivek Chaand Sehgal was born on February 1, 1957, in Delhi, India. He attended Birla Public School in Pilani, Rajasthan, and later earned a bachelor's degree from the University of Delhi. His early life was influenced by his family's background in business, particularly in the jewelry and silver trade, providing him with initial exposure to entrepreneurial principles. Sehgal's upbringing in a business-oriented environment shaped his future career path and instilled in him a strong work ethic and business acumen.
Rise to Success
In 1975, at the age of 18, Sehgal co-founded the Samvardhana Motherson Group with his mother, Shrimati Swaran Lata Sehgal. Initially, the company was involved in silver trading. However, they transitioned into auto components manufacturing after recognizing a market opportunity and facing challenges in the silver trade. Sehgal formed a partnership with Sumitomo Electric, which was a crucial step in the company's growth. Under his leadership, the company expanded through strategic acquisitions, acquiring several companies over the years. Sehgal served as managing director from 1975 to 1995 and then transitioned to chairman. The group's clients include BMW, Ford, Mercedes, Toyota, and Volkswagen.
Key Business Strategies
Sehgal's key business strategies include a focus on acquisitions and global expansion. Motherson has made numerous acquisitions, including the purchase of several companies to broaden its global footprint. The company has a presence in 41 countries and serves major automotive brands. Sehgal's approach emphasizes adaptability, recognizing market opportunities, and making decisive business decisions. His leadership style focuses on empowering his team and embracing innovation to drive growth.
Philanthropy
While specific details about Sehgal's philanthropy are not readily available, it is known that the Samvardhana Motherson Group engages in various initiatives. The group focuses on corporate social responsibility (CSR) projects, including education, healthcare, and community development.
