From Rs 2,500 to Billion-Dollar Empire: Meet Vijay Aggarwal, Australia's Rags-to-Riches Auto Parts Tycoon

Vijay Aggarwal, a Punjab-born entrepreneur, transformed a ₹2,500 investment in 1987 into Australia’s largest auto parts manufacturer, Varley Group, now valued at $1.2 billion. Migrating with just $50, Aggarwal started by repairing truck radiators in Newcastle. Today, his empire supplies critical components to global giants like Tesla, Toyota, and Boeing. Recently acquired by Opal Group for $850 million, Aggarwal retains a 30% stake and a net worth exceeding $400 million. The 62-year-old philanthropist, honored with Australia’s Order of Merit, credits his success to “relentless innovation and trusting instincts.”

Source: The Financial Express, Australian Financial Review