Abhay Navalmal Firodia :
Abhay N. Firodia, is the Chairman for Force Motors Ltd. and the President of the Mahratta Chamber of Commerce in Industries and Agriculture.
He was also the President of the Indo-German Chamber of Commerce (IGCC), Society of Indian Automobiles Manufacturers (SIAM), Automotive Research Association of India (ARAI) and Automotive Component Manufacturers Association of India (ACMA). Known for his achievements, he also serves as a director for industries in India like Man Force Trucks Private Limited and Jaya Hind Industries Limited.His net worth is around $1.22 Billion. He earned Doctor of Science from Rajiv Gandhi Proudyogiki Vishwavidayalaya which is associated with State Technological University in Madhya Pradesh.
About the company
Bajaj Tempo was first started by his father Mr. N.K Firodia in the year 1958. As this company was associated with Germany’s Daimler-Benz and later their stakes were sold to Firodia group in 2001. It was collaborated with German Vidal &Sohn Tempo Werke to manufacture Hanseat three-wheelers in India. Both the companies Bajaj and Force hold cross-holdings in eachother companies. Before 1968 both the companies were business partners. Bajaj owns approximately 25% of Force Motors and Force owns approximately 10 % of the Bajaj Company. Bajaj Tempo has sold the entire stake in Force Motors. At first it mainly operated commercial vehicles and started personal vehicle segment.
Abhay Firodia took over the company in 1987. When the company was at its peak he has made the company deliver products with supreme quality keeping in mind of India’s rural conditions and economy. He became a billionaire as the company stakes kept on increasing. Not only three wheelers the company is into multi utility, light vehicles, and heavy vehicles. Now the Force Motors, Jaya Hind Industries Ltd and MAN-Force Trucks Pvt. Ltd. are under the chairmanship of Abhay.
Under the guidance of him, Force Motors has come up with a range of vehicles including Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Multi Utility Vehicles (MUV), Sports Utility Vehicles (SUV), Heavy Commercial Vehicles (HCV) and Agricultural Tractors. The company is also looking into Multi-Purpose Vehicle (MPV) to serve its customers.It has a strong engineering infrastructure and Research and Development facility. The LCV and UV vehicles have increased the sales by 40%. He has given his reins to his son Mr. PrasanFirodia in the year 2009. Force Motors is involved in the manufacture of vans, pickup trucks, SUV, ambulances and tractors.
Abhay is coming up with a museum in Pune, which shows the religious values of the Jainism, their history, teachings, architecture and philosophy.
For his exemplary services, Federal Republic of Germany granted him ‘Order of Merit’ in the year 2012 by Dr. Leopold Theodor Heldman who is the Consul General of the Federal Republic of Germany. It was organized at the Indo-German Chamber of Commerce in Pune. This is the highest honored award to the individuals who have made contributions in social, intellectual, economic and political realms for their exemplary services to the Federal Republic of Germany.