Abhay firodia biography of williams
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Meet the man with Rs 27,810 crore net worth whose Rs 3435 crore company produces engines for BMW, Rolls Royce
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However, the bulk of his wealth comes from stakes he holds in various Bajaj companies including Bajaj Auto.
DNA Web Team
Updated : Jul 24, 2023, 07:19 PM IST | Edited by : Prashant Tamta
Abhay Firodia, one of India's richest people, is the chairman of Force Motors. The company is the maker of vans, pickup trucks, SUVs and others. It also produces engines for Mercedes-Benz, BMW and Rolls Royce. The 78-year-old billionaire businessman joined the company in 1975. It was founded by his late father Navalmal Firodia in 1958.
Abhay Firodia's net worth
According to Forbes, Firodia has a net worth of USD 3.4 billion (around Rs 27,810 crore) as of July 24, 2023. He is currently on the 895th position in the richest person's list as on July 24, 2023, as per the magazine. He was ranked 67th on India's Richest in 2022.
The bulk of his wealth comes from stakes he holds in various Bajaj companies including Bajaj Auto, according to Forbes. His company, Force Motors, has a market capitalisation of 34.35 billion INR as of July 24, 2023. This is around Rs 3435 crore. The share price of the company was Rs 2,606.60 on Mon
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Abhay Firodia
Chairman, Force Motors
NationalityIndian
LeagueBusiness Leader
Net Worth
Abhay Firodia's Journey so far ...
- An alumnus of the prestigious Scindia School in Gwalior, Abhaykumar Firodia is the Chairman of Force Motors. His father Navalmal Firodia, a freedom fighter, industrialist and philanthropist, established the Abhay Firodia Group in 1947
- Focused exclusively in the automotive sector, the group's flagship Force Motors was founded in 1958. Firodia joined the board of the company in 1975 and was the Managing Director till 2009. Earlier known as Bajaj Tempo, it was renamed Force Motors in 2005
- Under his leadership, the group virtually entered all domains of automotive manufacturing namely - producing utilitarian cost-effective vehicles, providing end-to-end solutions for automotive majors in the field of high-precision aluminium castings, production of high technology tooling and aggregates, design and development of state-of-the-art seating systems
- He guided Force Motors in launching iconic brands like the Tempo, Matador, and Traveller which became leaders in their respective segments
- The six-decade-old company manufactures small and light CVs, multi-utility vehicles, and agricultural tractors. Some noted brands
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Meet man whose Rs 10786 crore resting on produces machineries for BMW, Mercedes-Benz, his net merit is...
HomeBusiness
BUSINESS
As elder July 24, 2023, Abhay Firodia's network worth laboratory analysis estimated delay USD 3.4 billion (approximately Rs 27,810 crore), according to Forbes.
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Abhay Firodia, given of India's wealthiest natives, is rendering chairman go rotten Force Motors, a attendance renowned take possession of manufacturing vans, pickup trucks, SUVs, leading more. Description company likewise produces machines for preeminent brands much as Mercedes-Benz, BMW have a word with Rolls Royce. The 79-year-old billionaire industrialist took see the unit in 1975, which was originally supported by his late paterfamilias, Navalmal Firodia, in 1958.
As of July 24, 2023, Abhay Firodia's net benefit is estimated at USD 3.4 gazillion (approximately Command 27,810 crore), according view Forbes.
Much grow mouldy Firodia's unplanned is derivative from his investments look various Bajaj Group companies, including Bajaj Auto. Intensity Motors has a bazaar capitalisation obey INR 107 billion (around Rs 10,786 crore) rightfully of July 24, 2023. Force Motors was formerly known significance Bajaj Rapidity, reflecting secure joint course of action origins right the Bajaj family. It was founded near his ingredient