Motherson Sumi has grown 6000 times since it went public
**Quiz: Who is 2018 Forbes India entrepreneur for the year? **
**Quiz: Who is 2018 Forbes India entrepreneur for the year? **
A) Paytm’s Vijay Shekhar. B) Oyo’s Ritesh Aggarwal
C) Zomatos’s Deepinder Goyal. D) Ola’s Bhavesh Aggarwal
Time is up. Answer is none of the above.
Vivek Chand Sehgal is the man
He is 62 and from Delhi-NCR. He heads a company with a valuation of more than INR 85,000 crore. It started as a 15 crore company.
The annual revenue of his company is more than INR 56,000 crore. Their profit after tax for FY 18 was INR 1597 crore.
It has grown 6000 times. An investment of ₹2,500 in the MSSL IPO is worth ₹89.7 lakh today.
Still what’s the name of the company?
It’s Motherson Sumi. It has Japan’s Sumitomo Wiring Systems as its partner.
It owns 271 factories across 41 countries. Over 43 years he has acquired over 21 companies.
Motherson Sumi would be among the top 15 auto parts company by 2020.