Abhay N. Firodia is the chairman of Force Motors Ltd. and the executive director of the Mahratta Chamber of Commerce in Industries and Agriculture. Additionally, he served as president of the Society of Indian Automobile Manufacturers (SIAM), the Indo-German Chamber of Commerce (IGCC), the Automotive Research Association of India (ARAI), and the Automotive Component Manufacturers Association of India (ACMA). He is well-known for his accomplishments and also sits on the boards of Man Force Trucks Private Limited and Jaya Hind Industries Limited in India. His estimated net worth is $1.22 billion. He received his doctorate in science from the State Technological University of Madhya Pradesh’s affiliated Rajiv Gandhi Proudyogiki Vishwavidayalaya.
|Name||Abhay N. Firodia-Chairman of Force Motors Ltd|
|Parents||Navalmal K. Firodia|
About the Business
His father, Mr. N.K. Firodia founded Bajaj Tempo for the first time in 1958. due to the fact that this company had ties to Daimler-Benz of Germany, which later sold its stakes to the Firodia group in 2001. To produce Hanseat three-wheelers in India, it worked with German company Vidal & Sohn Tempo Werke. Force and Bajaj both have cross-holdings in each other’s businesses. Both businesses were business partners prior to 1968. About 25% of Force Motors is owned by Bajaj, and 10% of the Bajaj Company is owned by Force. Force Motors’ entire stake in Bajaj Tempo has been sold. It began with a personal vehicle segment but initially focused on operating commercial vehicles.
In 1987, Abhay Firodia took control of the business. He forced the business to deliver products of the highest calibre while taking into account the rural and economic conditions of India when it was at its peak. As the company’s stakes continued to rise, he amassed a billion dollar fortune. The company is involved in multi-utility, light, and heavy vehicles in addition to three-wheelers. Abhay is currently the chairman of Force Motors, Jaya Hind Industries Ltd., and MAN-Force Trucks Pvt. Ltd.
Force Motors has developed under his direction. Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Multi Utility Vehicles (MUV), Sports Utility Vehicles (SUV), Heavy Commercial Vehicles (HCV), and Agricultural Tractors are just a few of the vehicles that Force Motors has developed under his direction. To better serve its customers, the business is also investigating multi-purpose vehicles (MPV). It has a capable R & D facility and a strong engineering infrastructure. Sales of UV and LCV vehicles have increased by 40%. In the year 2009, he handed the reins over to his son, Mr. Prasan Firodia. Force Motors is a manufacturer of tractors, vans, SUVs, ambulances, and pickup trucks.
In Pune, Abhay is developing a museum that will showcase the spiritual principles of Jainism as well as its history, teachings, architecture, and philosophy.
In 2012, he received the “Order of Merit” from Dr. Leopold Theodor Heldman, Consul General of the Federal Republic of Germany. The Indo-German Chamber of Commerce in Pune hosted the event. This is the most prestigious award given to people who have excelled in serving the Federal Republic of Germany in social, intellectual, economic, and political spheres.