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Faad Network • 8m
Meet the man who started from Rs 2500 and built a company worth 160,000 CR. 1. Born to a mining engineer father, Vivek Chaand Sehgal took an alternate path and studied commerce at Delhi University. Unlike his father, he wanted to help the family business in jewellery, which his grandfather had started. But he had a different plan. 🤔 2. He wanted to start his own business in silver trading. Along with his mother (Swaran Lata Sehgal), he started a company on the mother and son duo. In 1975, he started "Motherson Trading Company". ✅ 3. Earning just Rs 2500 monthly, Vivek realised this was not what he wanted. By 1977, he had switched to making house cables and polyester chips, failing due to pricing issues. But something interesting happened in 1983, which changed his life altogether. 👇 4. On December 14th 1983, Maruti Suzuki launched the iconic Maruti 800, the first car made 100% in India. Vivek knew it was big and wanted to supply them with a wiring harness. In 10 days, he travelled to Japan to visit Suzuki's factory but was refused entry. 🤯 5. He returned to India, worked day and night, and produced the same wire at 50% of the cost. He displayed it at Maruti's first plant in Gurgaon, Haryana, and also completed a joint venture with Japan's electrical company, Sumitomo Wiring Systems, for a new firm focused on quality. In 1986, Motherson Sumi Systems was born. 🚀 6. The idea was simple ⏩ Build affordable wiring harnesses and then sell other nonfunctional components like door handles and wheel covers to clients. And the idea worked. 80% of their 19 CR revenue in 1993 came from clients like Tata Motors and Maruti. 💪 7. As they listed on the stock markets on September 9th, 1993, they were valued at 23.8 CR and started making global partnerships: Mercedes (1995), Hyundai (1997), and Ford (1999). By 2002, they acquired the bankrupt Wexford Electronics in Ireland and supplied 500 tonnes of equipment in just ten weeks. 🙌 8. Motherson Sumi became a global company, acquiring six companies between 2002 and 2007 and expanding to ten more countries. Vivek focused on growing for five years, as 70% of his revenue came from outside India. By 2010, Motherson had become a unicorn with revenues of 6700 CR. 🦄 9. Vivek grew with his famous 3CX15 approach, meaning no countries, customers, or components should contribute more than 15% of the sales. By 2021, he had made 21 acquisitions, including Peguform, PKC, Visiocorp and UK's Bombardier Transportation. As it expanded to 41 countries, Motherson clocked sales of 56,951 CR. 📉 10. Today, Samvardhana Motherson Limited (name changed in 2022) has a revenue of 100,000 CR and works with Audi, BMW, Volkswagen, Toyota, and Porsche. With 270 facilities, 24 design centres, and 36 research hubs, it is worth 166,000 CR. 💰 ➡️ At a worth of 64,562 CR, Vivek Chaand Sehgal is the richest Indian settled in Australia. But he still supports 11 CSR campaigns in India worth 30,000 CR. 🙏
Built 10 startups an... • 14d
🥣 From sleeping on railway station floors to building a ₹500 CR FMCG brand In 2010, Vivek couldn’t afford a ₹500 hotel room. He slept on railway platforms while pitching his product to kirana stores. Today, his brand Happilo clocks ₹500+ crore in
See MoreFounder And CEO Of F... • 4m
1] Railtel share price jumps despite bleeding Indian stock market 2] SBI share price at a 52-week low, down over 20% in 9 months 3] ICICI Prudential Mutual Fund buys fresh shares of Motherson Sumi Wiring India ICICI Prudential Mutual Fund picked a
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Faad Network • 10m
Meet the man who started at 22 and is worth 27,000 CR today. 1. At 24, Ajay Piramal had to take over his family's textile - Morarjee Textile Mills, in Bombay after his father passed away. To worsen things, his elder brother parted ways and took thei
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Faad Network • 11m
Meet the man who left his high-paying US job and built a 60,000 CR company in India. 1. Anand Deshpande had been an ace student. He cleared the entrance exams for NDA and MANIT but opted to study computer science engineering at IIT Kharagpur. He mad
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Faad Network • 11m
Meet the man who started at 15 and built a 100,000 CR company. 1. At the age of 15, Inder Jaisinghani had to run his father's small four-year-old hardware shop - Sindh Electric Stores in Lohar Chawl (Mumbai), when he passed away in 1968. He dropped
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Faad Network • 9m
Meet the man who sold milk on a cycle before building a 16,000 CR company. 1. Born in the slums of Ghatkopar in Mumbai, Rizwan Sajan lived such a poor life that he shared a bathroom with forty people. However, his luck changed when his father won th
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Faad Network • 5d
Started from a village in Tamil Nadu and built an 8500 CR company. 1. Born in the rural foothills of Pachamalai in Tamil Nadu, Arulmany Duraiswamy used to manage oilseeds orchards, helping villagers overcome financial gaps. Honing his knowledge furt
See MoreEntrepreneur | Build... • 4m
This Is Serious and alarming . Mohammed Azizuddin first started gambling with just ₹50-100. A few early wins gave him confidence, but soon, he began losing. His debts spiralled to ₹22 lakh. His parents begged him to stop. But he borrowed more, ho
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