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Morality is a social phenomenon. It is necessary in the realm of
Entrepreneurship. Values and morals can not only guide but inspire
and motivate you, giving you energy and a zest for doing
Morality is a social phenomenon. It is necessary in the realm of Entrepreneurship. Values and morals can not only guide but inspire and motivate you, giving you energy and a zest for doing something meaningful in life. Vivek Chaand Sehgal proves that not only strategies and tactics are required to become a business tycoon but also a strong sense of values and capacity for positive thinking is necessary to reach great heights in any field. In 2012, he was invited to speak at an industry dinner for the budding entrepreneurs. He deliberately avoided the usual management lessons, instead, he quoted from the Bhagwad Gita.
Vivek Chaand Sehgal was born on September 28, 1956 in Delhi, India. He believes in a quiet life. Every morning he recites his morning prayers and has also set up a temple at each one of his factories. He is a man with values.
In 1975, he cofounded the Samvardhana Motherson group along with his mother, which manufactures auto parts. Motherson Sumi Systems is the flagship company of the group, established in 1986 and is a joint venture enterprise with Sumitomo Wiring Systems. In the past twenty years, Motherson has grown over 1800 times, despite the Asian crises, the attacks of 9/11 and the global financial crisis. Continuing its strategy of growing through acquisitions, the company acquired Finland's PKC Group, an auto parts supplier for $620 million.
He believes in creating an institution run by professionals hence he stepped down as the managing director in 1995. The family's role is to see that the company does not deviate from its vision and stay committed to serving automakers. His son, Laksh, is not an executive working with the company, but a director on the board.
In 2014, he was named in the Forbes list of billionaires at rank 659, with a net worth of $2.8 billion. As of May 2017, Forbes estimated his net worth as US$4.3 billion.
He had the ability to look at the opportunities which are coming his way and make very good use of it.
He is an example for a business man with values.