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 family had a background in the jewelry and silver trade, which influenced his early exposure to business strategies.
Rise to Success
In 1975, at the age of 18, Sehgal co-founded the Samvardhana Motherson Group with his mother, initially as a silver trading business. The company pivoted to automotive components manufacturing, forming a partnership with Sumitomo Electric. Sehgal served as Managing Director from 1975 to 1995 and later transitioned to Chairman. Under his leadership, the company has grown significantly through acquisitions and strategic partnerships, becoming a global auto parts manufacturer.
Key Business Strategies
Sehgal focused on continuous improvement, quality management, and earning customer trust. His company has expanded operations to 41 countries, with joint ventures with major automakers. He introduced ambitious five-year plans to establish targets and adopted the concept of Return on Capital Employed (ROCE). Sehgal emphasizes the importance of adapting to market changes and customer strategies.
Philanthropy
Vivek Chaand Sehgal is involved in philanthropy, supporting education, healthcare, and sustainability initiatives. He has established the Motherson Foundation to promote Indian art and culture.