Born in a Jain family, Firodia has been heading auto parts firm Jayhind Industries for years. He was the Managing Director of Force Motors till 2009. Later his son Prasan handed over the power of the company.
Force Motors is a manufacturer of vans, pickup trucks and SUVs. It is a family business run by Abhay Firodia, Chairman of the company. Founded in 1958 by his father Navalmal Firodia, the company later started producing engines for famous brands like Mercedes-Benz, BMW and Rolls-Royce. Thus, the product portfolio of the company has increased.
Abhay Firodia’s net worth alone as of December 24, 2023 is estimated to be around Rs 29,800 crore. Currently ranked 817th in the global rich list. He was ranked 67th in the list of richest people in India in 2022. Most of the wealth comes from shares in various Bajaj companies. Bajaj Auto has the largest stake.
Force Motors is currently a company with a market cap of around Rs 4760.12 crore. The company formed a joint venture with Bajaj and crossed many milestones under the leadership of Firodia. He also heads the auto parts firm Jayhind Industries. Firodia, who lives in Pune, is an alumnus of Fergusson College, completed his schooling in Gwalior and holds a BE (Hons) degree in Economics.