Abhay Firodia, chairman of Force Motors (Photo credit: @EditorialsToday)
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New Delhi: Abhay Firodia is the chairman of Force Motors, India’s largest van maker by volume, producing engines for Mercedes Benz, BMW and Rolls Royce. The company is well known for its vans, pickup trucks, SUVs and tractors. Earlier, Force Motors was known as Bajaj Tempo when it was a joint venture with the Bajaj clan.
Firodia was born into a Jain family and joined his father's business in 1975. Firodia served as the managing director of the company till 2009 when he handed over the baton to his son Paras.
Abhay Firodia's Net Worth
According to Forbes, Abhay Firodia's net worth stands at USD 3 billion. He is currently on the 1104th position in the Billionaires list of 2023, as per the magazine. He was ranked 67th on India's Richest in 2022.
Force Motors Journey
Force Motors was founded by his late father, Navalmal Firodia, in 1958, who fell out with the Bajaj family in 1968 after a bitter feud. Abhay Firodia joined the company in 1975 and successfully managed the day-to-day affairs and contributed significantly to the rise of Force Motors. The bulk of Firodia's wealth is from stakes he continues to hold in various Bajaj companies.
Abhay Firodia's Life And Journey
Abhay Firodia who was born into a Jain family completed his schooling in Gwalior. He then went to Fergusson College in Pune to pursue graduation. He presently lives in Pune. He has four children. Firodia is building a museum that spotlights the culture, history and philosophy of the Jain community in India, reported Forbes.
