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Sehgal draws the biggest chunk of his wealth from autoparts flagship Samvardhana Motherson International, formerly known as Motherson Sumi. The remaining two-thirds will, by law, go to their heir or heirs, equally shared between them. 6 Dec 2014-BIMAL DHAR. Vivek Chaand Sehgal|SPEAKERS|Nikkei Asia300 Global Business Forum Magneti Marelli Motherson Auto System Ltd. Samvardhana Motherson Finance Services Cyprus Ltd. Samvardhana Motherson Holding (M) Pvt Ltd. Samvardhana Motherson Global Holdings Ltd. Samvardhana Motherson Reflectec Group Holdings Ltd. SMR Automotive Systems Macedonia Dooel Skopje, Magneti Marelli Motherson India Holding BV, Samvardhana Motherson Automotive Systems Group BV. 1975-1982 A family affair Motherson was founded as a small family trading company by our current chairman, Vivek Chaand Sehgal and his late mother, Shrimati Swaran Lata Sehgal. Currently, he occupies the position of Non-Executive Chairman at Motherson Sumi Systems Ltd., Chairman of The Sumi Motherson Group, Chairman of Samvardhana Motherson International Ltd., Chairman-Supervisory Board at SMP Deutschland GmbH and Chairman-Supervisory Board of Samvardhana Motherson Peguform GmbH. HNIs When Delhi's air turned toxic, Vivek Chaand Sehgal and his family didn't bother much. Sehgal founded the company with his mother as a silver trading outfit, hence the name Motherson. There was a good investor visa programme, where we put a few crores and it was done," says P Singh, hailing from a rich farmer family in Punjab. Mr Sehgal claims he was the only business migrant through Indias Australian High Commission in all of 1994, and he made the most of the opportunity. SMG's Vivek Chaand Sehgal: 'Australia. Mr Sehgal told The Australian Financial Review that SMGs rise did not yet signal a comeback for Australian manufacturing, whose contribution to the gross value of the economy plummeted from 14.3 per cent in 1994-95 to just 6.2 per cent in 2017-18. Crystal Price Bio, Age, Family, Husband, Kids, CBS 17, Salary, Net You may also like> Jerry Yang Net Worth, Age, Height, Weight, Wife, Wiki, Family Morris Chang Net Worth, Age, Height, Weight, Wife, Wiki, Family It will announce some acquisitions very soon. AP. A lot of confusion is prevalent in the automotive sector and its improvement will improve things dramatically, says Vivek Chaand Sehgal, chairman, Motherson Sumi Systems Ltd.In an interview with Swati Khandelwal, Sehgal said the company's two plants Kecskemet and Tuscaloosa are stuck in the trade war, but things will improve in the next one-two quarters. In 1995, Sehgal stepped down from his post of MD and thus stepped back from the day-to-day operations, seeing the future of Motherson as an institution run primarily by professionals. He had earlier, in 2003, trained at MSSLs partner firm Woco Group, which makes rubber components, at Bad Soden in Germany, and then in 2004, in Thailand on the shop floor.The company had just acquired ailing UK-based firm Visiocorp, which made rear-view mirrors for cars, in March 2009, and the top brass of Samvardhana Motherson Group (SMG) had gathered in June at the Noida headquarters for a strategy review meeting to discuss how to revive the fortunes of the firm, now renamed Samvardhana Motherson Reflectec (SMR). The 61-year-old Sehgal is part of a growing tribe of wealthy Indians who have left India's shores to seek fortunes overseas. Don Lemon, CNNs star anchor, has been fired from CNN after 17 years at the network. Cash in bank is reality.. Nobody helped me, nobody," the 38-year told DNA Money on phone.