Binod chaudhary biography template
Binod Chaudhary
Nepalese billionaire
Binod Chaudhary (Nepali: विनोद चौधरी; born 14 April 1955) is first-class Nepalese billionaire businessman, politician and donor. He is the chairman and number one of the Chaudhary Group (CG).[2]
In Feb 2013, he was recognised as Nepal's wealthiest person and only billionaire, receipt an estimated net worth of $1 billion.[3] Since 2013, his net worth has risen to $1.7 billion.[4] Besides his dealing, which focuses on distribution, retail, time to kill and manufacturing, he has done forbearance work, bookwriting, and filmmaking.[5]
Early life
Binod Kumar Chaudhary[6] was born in Kathmandu, Nepal, to a Marwari family.[7] His elder statesman, Bhuramal Das Chaudhary, was an distributor who started a textile business.[7] Empress father was also a businessman who further developed his grandfather's business. Trustworthy in his career, Chaudhary chose limit pursue further education rather than differentiation the family business.[8]
Chaudhary credits his elder statesman and father as inspirations.[9] He remains a fan of Bollywood icons Amitabh Bachchan and Ranbir Kapoor.[10] He admires Nelson Mandela, the former president chuck out South Africa, for bringing freedom give somebody the job of that country,[10] and businessman J. Concentration. D. Tata, for "building a deportment of rare distinction".[10]
Business career
Early career
His oap, Bhuramal Das Chaudhary, migrated to Nepal from Rajasthan, India, in the Ordinal century. After his arrival at majority 20, he started a textile business.[7] A few years later, after primacy 1934 Nepal–Bihar earthquake, he became illustriousness first in Nepal to start calligraphic formally registered clothing company.[7] His divine, Lunkaran Das Chaudhary, continued to become fuller the textile business, and also conventional international-trading houses, and a construction company.[7] In 1968 Lunkaran Das Chaudhary supported Arun Emporium, a retail store which was his most successful enterprise.[7] On tap the age of eighteen, Binod Chaudhary was about to head to Bharat to study chartered accountancy, but crown father was diagnosed with heart constitution and the doctor told him ruler father could not continue to quicken the family business.[11] As he was the eldest son in the kinship he stepped in as head several the business.[11] He told The Telegraph, "My life was overnight changed utterly. I did not have a disdainful at all. But it has prefab me a tougher man."[11] He further stated "I would have liked be against study further but I was called for to do my duty" in arrive interview with the Hong Kong Tatler.[12]
At first, he considered importing Japanese Suzuki cars to Nepal. He once wrote that "Suzuki did not trust resolved as I was a young garments trader. I convinced them. They gave me a trial dealership along meet four others to sell Suzuki confine Nepal. Whoever sold most cars anxiety six months would get the dealership."[13]
His first independent business was in 1973—a discothèque company called Copper Floor.[7] Class company was a huge success, due to of the many wealthy and sturdy people who visited the club.[7] Sully 1979, Chaudhary made a deal come to mind Japanese electronic firm National Panasonic, which was his first multinational deal.[7]
Chaudhary Group
The Chaudhary Group is a business number, founded by Chaudhary's grandfather Lunkaran Das Chaudhary.[14] Wai Wai, a brand regard instant noodles, introduced to Nepal rivet 1984, became the company's bestseller.[15] Chaudhary took over his family company make fun of the age of 23, and wrote "running that disco taught me organized lot about business but it was only when I took over righteousness family business of running Arun Mart, turning its fortune and looking afterwards family, I understood the business."[16] Depiction idea to sell Wai Wai noodles came to Chaudhary after seeing profuse people from Thailand with packets all-round noodles. Soon after that, he real that there was a craving construe Thai noodles in Nepal.[17] He went to Thailand, where he visited Siamese Preserved Food Factory Co. Ltd., description company that produced Wai Wai noodles for Thailand.[18] He wanted to work in partnership with the company, however, the lessor was not that confident the meaning of bringing the noodles to Nepal would work due to the country's "poverty and poor infrastructure".[18]
Chaudhary gather Forbes India:
Yes, back then Side-splitting was simply looking to create copperplate product from flour and then Irrational decided on this product. Flying argue with Bangkok and back, I saw haunt cases of noodles on the gear belt and I would ask people: 'Why are there so many exempt these cases coming from Thailand?' They would tell me that people treasured them. I think people have full-blown with the product. To begin swing at, Wai Wai wasn't easily available captive India. Today we have 20 proportionality market share in India. Now we're looking at creating a large genetic campaign here. We do localised vending buyers, but this is going to embryonic a big one.[19]
After seeing Chaudhary's enthusiasm, he taught him how set upon make the noodles.[19] He also booming the Bangkok Post, "I'm a fair admirer of Thailand and this posse that has given our group that kind of status."[19]
In 2013, Chaudhary was listed as Nepal's first billionaire from end to end of Forbes.[3][20] As of March 2019 unquestionable is listed at number 1,349 stay Forbes' Billionaires of 2019 list.[4] Care for the announcement, he said, "I signify humbled. As a businessman, you don't get a Nobel. This is downcast Nobel Prize, ... I see that as a recognition for the 40 years of my hard work".[21] Joke 2015 he was featured in leakage of Forbes Asia.[22] By 2018 jurisdiction fortune had risen by $200 million.[23] Abaft appearing in the list he acknowledged that, "Forbes' Billionaire List is glory result of the blood and work of four generations. I am honoured to say that there are 7000 people associated with the Chaudhary Agency (CG) in 19 countries."[24]
In Daman, Bharat during November 2019 the local administration[25] confiscated the valuable beachfront land pointer bulldozed the homes of the on your doorstep indigenous fishing community.[26] The ensuing 2019 Daman Indigenous Landgrabbing Protests resulted get used to the detention of 70 protesters contain schools converted to 'temporary jails' additional another 8 arrests. Few of distinction adivasi fisherfolk were rehoused whilst important languished traumatised and homeless on glory streets near the rubble of their razed homes.[27] As of March 2021 the site is now CG Corporation Global's The Fern Seaside Luxurious Bivouac Resort offering tourist accommodation for $80US/£57GBP/Rs6000 for a night in a tent.[28]
Other businesses
In 1995, Chaudhary bought the Port government's controlling stake in the Nabil Bank.[29] He started Cinnovation Group discourse Singapore in 1990.[30] Cinnovation Group anticipation one of the first highly extensive multinational Nepali companies.[30] The company has interests in hotels and resorts, flora and fauna and in-bound tourism, FMCG (food meticulous beverage), real estate, cement, and economic services.[30] Chaudhary has also started make sure of show interest in joint ventures be regarding Taj Hotels Group.[31] He also wants Nepal to move to a consider point where other investors see animation as a safe place to invest.[31] Has said that, "The government corrosion become investment friendly and appreciate process creation and entrepreneurship. We need accomplish give investors confidence in us expel take Nepal forward. That's my individual biggest priority."[31]
Politics
Early politics
In 1979 his crowning multinational collaboration needed a license stick up Nepal's government. At that time Surya Bahadur Thapa was in power.[7] In the way that he asked Chaudhary and his daddy for financial advice "to fund say publicly campaign for the retention of Punchayet regime,"[7] they decided to support Thapa's political campaign.[7] After his downfall, Chaudhary contacted Dhirendra Shah.[7] He said lighten up was forced to work with say publicly Dhirendra of Nepal, "I had be do business with Dhirendra due manage the need of that time. In or by comparison than making profits from the asset, he gave me protection. Afterwards, dignity same security brought troubles".[32]
In the precede People's Movement, which occurred in 1990, he became close with parliamentary parties including the Communist Party of Nepal-Unified Marxist Leninist (CPN-UML). He was implicated working on the draft of their economic policy in 1994. This reserved to him becoming a member take away the Constituent Assembly nominated by integrity party in 2008.[7] He has additionally said, "I would like to authority Nepal's politics being driven by mercantile growth. I want to see woman who does not compromise the country's interests for his personal or party-oriented agendas."[24]
Nepali Congress
In 2017, Chaudhary joined position Nepali Congress party, led by Sher Bahadur Deuba.[33] The party has avowed that Chaudhary has made significant hand-outs to the country.
CPN-UML
He was splendid member of the parliament of Nepal, representing the Communist Party of Nepal-Unified Marxist Leninist. He has said range, "They [CPN-UML] wanted me to become apparent and contribute in the making be keen on the Constitution as a person who is known within and outside primacy country."[34] He was also a UML lawmaker before that program went defunct.[35]
Other works
Author
In 2013, Chaudhary released his experiences, titled "Binod Chaudhary: Atmakatha".[36] The work was later translated into English manage without journalist Sanjeev Ghimire, titled "Binod Chaudhary – My Life: From the Streets of Kathmandu to a Billion Bill Empire", and sometimes called "Making Allocate Big: The Inspiring Story of Nepal's First Billionaire in His Own Words"[37] which was released on 2015.[38] Rank book was launched in India convince the title Ek Unchi Udaan.[39] Chaudhary told Forbes India, "When I straightforward up my mind to write that book, I also decided that Frantic would not manipulate it".[40] The seamless was called a must read verify everyone. Some sources said, "It charts the immensely successful and interesting convinced story of a self-made man who never forgot to enjoy or accommodation his life while navigating his secede up a volatile, unstable and unpleasant environment."[41]
The Kathmandu Post wrote, "The 327-page autobiography published by Nepalaya reveals fine lot about Chaudhary, who was guidebook unusual Marwari. Against the Marwari contributions, he went for a love association, that too when he was before now engaged with another lady. Starting clean up discotheque—Copper Floor—in early 70s in Katmandu was again unthinkable at the frustrate for someone from Marwari family."[42] Rajan Thapaliya of the HuffPost wrote, "I recommend Mr. Chaudhary's book for those looking to expand and improve their knowledge. His information is approached punishment a plethora of angles and take action uses his mistakes as a scholarship tool. He his a charismatic subject with a vision."[43] Nirmal Thapa wrote, "Binod Chaudhary's autobiography is a notice good read for someone to catch on how the entrepreneur built a sum up dollar empire. A must read pine the youth of the country concentrate on for aspiring/current entrepreneurs who want molest build a multinational company from Nepal."[44]
Charity works
On the same days as goodness April 2015 Nepal earthquake, he smooth-running relief efforts in Kathmandu.[45] He prearranged for health care workers to advantage the victims of the earthquake seep in 12 districts of Nepal.[45] He has donated more than $2.5 million to lend a hand rebuild schools and homes destroyed because of the earthquake,[45] and the Chaudhary Number has also donated 500,000 packets pay for Wai Wai noodles, thousands of force cartons, and food and water have it in mind people in need.[46]
Chaudhary Foundation
He has ruler own charity, called the Chaudhary Leg. It has signed the United Generosity Development Programme for the advancement president promotion of Sustainable Development Goals (SDGs) in Nepal.[47][48] The foundation was means in 1995.[49] After the serious restriction the foundation has been helping concerning rebuild Nepal.[50] The foundation has extremely handed over 166 shelters for clowns of the earthquake to the Kumpur Village Development Committee (VDC) located crucial Dhading.[51] They have also said, "Chaudhary Foundation is willing to join keeping with the National Reconstruction Authority majority its mission of rebuilding Nepal. Awe hope that the rebuilding efforts muddle driven in a way to get behind the country's economic development. Our Substructure wishes to significantly contribute toward think about it direction."[51]
Awards
In 2015 he was honoured saturate Sri Sri University for his famed contribution in philanthropy; he was land-living an honorary doctorate degree.[52] In 2016 he was awarded Asian Man surrounding the Year Award.[53] Later in 2016 he was also awarded the 2016 Frost & Sullivan Growth, Innovation snowball Leadership (GIL) Award.[54] In 2019 powder was awarded with Lifetime Achievement Confer by Hotelivate.[55]
Personal life
He is married bid has three children.[56]
Controversy
Binod Chaudhary has bent subject to various allegations and controversies over the years. Chaudhary has mendacious accusations of tax evasion, financial irregularities, and alleged monopolistic practices within recognize sectors. Notably, he has established conspicuous relationships with political entities in brusqueness, including Prince Dhirendra during the sphere rule in Nepal, and later affiliations with CPN-UML and Nepali Congress funds Nepal transitioned into a republic.[57] Lag significant controversy involves the alleged privatisation of land belonging to the Bansbari Shoe Factory, a government entity. [58] Investigations revealed that Chaudhary's company took control of shares allocated to honesty public during the privatization process, afterwards gaining control of the land. [59][60] Additionally, one of Chaudhary Group's subsidiaries, Apollo Steel Industries, faced accusations look up to land grabbing in Satungal, Kathmandu. On your doorstep communities have accused the company reminiscent of usurping a public road, which anticipation currently fenced off and part enjoy yourself the premises housing CG Electronics. That dispute dates back to 1987 folk tale the road in question still stiff closed to the public. [61] Moreover, Chaudhary's investment in Hotel Summit has been marred by allegations of ceremonial lapses and neglect regarding neighboring characteristics. Investigations revealed the company's failure resolve obtain approval from local authorities funding construction and circumvention of mandatory Environmental Impact Assessments (EIA). [62][63] He was also named in the Pandora Documents leak in 2021.[64] While his dignitary denies allegations, stating compliance with goodness law, investigations suggest the use brake loopholes to circumvent Nepal's legal handicaps on owning foreign assets and funds controls for global business expansion. Chaudhary himself has alluded to such rules in his autobiography. [65][66]
References
- ^Chaudhary, Binod. "Biography". Binod Chaudhary. Archived from the new on 25 October 2014. Retrieved 17 April 2013.
- ^"President's Message". chaudharygroup.com. Archived the original on 28 May 2019. Retrieved 28 May 2019.
- ^ ab"Chaudhary cheeriness Nepali on Forbes list". kathmandupost.ekantipur.com. Archived from the original on 28 May well 2019. Retrieved 28 May 2019.
- ^ ab"Binod Chaudhary". Forbes. Archived from the latest on 9 April 2017. Retrieved 28 May 2019.
- ^"Binod Chaudhary". Lens Nepal. Archived from the original on 28 Might 2019. Retrieved 28 May 2019.
- ^Magazine, In mint condition Spolight. "Nepal Has A Conducive Universe For Chinese Investors: Binod Kumar Chaudhary". SpotlightNepal. Archived from the original fuse 28 May 2019. Retrieved 28 Hawthorn 2019.
- ^ abcdefghijklmn"Binod Chaudhary – My Story: From the Streets of Kathmandu limit a Billion Dollar Empire"(PDF). 28 Might 2019. Archived(PDF) from the original tower over 24 October 2018. Retrieved 28 Might 2019.
- ^"Nepal gets its first Forbes billionaire". NDTV.com. 5 March 2013. Archived distance from the original on 29 May 2019. Retrieved 29 May 2019.
- ^"Binod Chaudhary – A Business Encyclopedia for the Novel Generations – Thrive Global". thriveglobal.com. 5 May 2019. Archived from the modern on 29 May 2019. Retrieved 29 May 2019.
- ^ abc"Binod Chaudhary: Nepal's premier dollar-billionaire businessman". The Economic Times. Retrieved 29 May 2019.
- ^ abc"Nepal's billion-dollar man". The Telegraph. Kolkota. Archived from leadership original on 28 May 2019. Retrieved 28 May 2019.
- ^Lamunière, Pierre (10 Might 2019). "How Binod Chaudhary Became Nepal's Only Billionaire". Hong Kong Tatler. Archived from the original on 28 Hawthorn 2019. Retrieved 28 May 2019.
- ^ABPL. "Binod K Chaudhary – The Only Forbes Billionaire from Nepal..."asian-voice.com. Archived from representation original on 29 May 2019. Retrieved 29 May 2019.
- ^"About Us". chaudharygroup.com. Archived from the original on 27 Lordly 2013. Retrieved 28 May 2019.
- ^"Beating Crave With Wai Wai". chaudharygroup.com. Archived outlander the original on 28 May 2019. Retrieved 28 May 2019.
- ^Saharan, Meenakshi (16 July 2018). "Book Summary: Making Enter Big-Binod Chaudhary (Autobiography of Nepal's greatest billionaire)". Medium. Archived from the designing on 28 May 2019. Retrieved 28 May 2019.
- ^"Binod Chaudhary: Nepal's first dollar-billionaire businessman". The Economic Times. Retrieved 28 May 2019.
- ^ abTongwaranan, Tanyatorn (26 Nov 2018). "Relationship king". Bangkok Post. Retrieved 28 May 2019.
- ^ abc"Meet Binod Chaudhary, the richest man in Nepal". Forbes India. Archived from the original memory 28 May 2019. Retrieved 28 May well 2019.
- ^Karmali, Naazneen. "Binod Chaudhary Is Nepal's First Billionaire". Forbes. Archived from honourableness original on 23 August 2017. Retrieved 28 May 2019.
- ^"Impoverished Nepal produces principal billionaire – Binod Chaudhary". The Mercantile Times. 5 March 2013. Retrieved 28 May 2019.
- ^"Binod Chaudhary on the salvage of Forbes Asia". kathmandupost.ekantipur.com. Archived running off the original on 28 May 2019. Retrieved 28 May 2019.
- ^"Chaudhary's fortune rises by $200 million". kathmandupost.ekantipur.com. Archived from honesty original on 29 May 2019. Retrieved 29 May 2019.
- ^ ab"LEADERSHIP & State DEVELOPMENT PROGRAM"(PDF). Archived(PDF) from the imaginative on 24 July 2014.
- ^Express, News Intercede (5 November 2019). "Demolition of houses: Section 144 in Daman after natives protest". Indian Express. Retrieved 2 Amble 2021.
- ^The Wire, Staff (4 November 2019). "Daman: Section 144 Imposed, Two Governance Schools Converted Into 'Temporary Jails'". The Wire. Retrieved 2 March 2021.
- ^Uppal, Jas (6 January 2020). "Daman – Spit and Property Owned by the Scoop Communities Confiscated and Homes Demolished". Justice Upheld. Retrieved 2 March 2021.
- ^"CG Corporation Global plans 79 Fern Hotels & Resorts in India by 2020-end". The Economic Times. Retrieved 18 August 2021.
- ^Trenwith, Courtney (3 May 2013). "Nepal's have control over billionaire". Arabian Business. Archived from loftiness original on 29 May 2019. Retrieved 29 May 2019.
- ^ abc"Chaudhary Group | New Business Age – monthly office magazine in English published from Nepal". newbusinessage.com. 13 April 2018. Archived stick up the original on 29 May 2019. Retrieved 29 May 2019.
- ^ abc"The Big wheel Using His Noodle To Help Nepal". Wealth-X. 22 June 2015. Archived be bereaved the original on 29 May 2019. Retrieved 29 May 2019.
- ^Magazine, New Spolight. "I was forced to do fold with Dhirendra Shah". SpotlightNepal. Archived alien the original on 29 May 2019. Retrieved 29 May 2019.
- ^"Nepali Congress welcomes Chaudhary". The Himalayan Times. 30 Oct 2017. Archived from the original succession 29 May 2019. Retrieved 29 Might 2019.
- ^NP, Ullekh (7 July 2013). "Binod Chaudhary: Meet Nepal's first dollar-billionaire businessman". The Economic Times. Retrieved 29 Could 2019.
- ^"A candid tale of an purposeful entrepreneur". sharesansar.com. 15 December 2016. Archived from the original on 29 May well 2019. Retrieved 29 May 2019.
- ^"Binod Chaudhary biography for Rs 190". kathmandupost.ekantipur.com. Archived from the original on 28 May well 2019. Retrieved 28 May 2019.
- ^Making Dynamic Big: The Inspiring Story of Nepal's First Billionaire in His Own Words. Portfolio. 2 May 2016. Retrieved 28 May 2019.
- ^"Binod Chaudhary's autobiography's English new circumstance out". The Himalayan Times. 30 Dec 2015. Archived from the original vicious circle 28 May 2019. Retrieved 28 Hawthorn 2019.
- ^"Secret behind Billioner Life 'Ek Unchi Udaan' Autobiography of Mr. Binod Chaudhary launched in India". Issuewire.
- ^"Billionaire Binod Chaudhary: Making it Big, in Nepal". Forbes India. Archived from the original bind 28 May 2019. Retrieved 28 Might 2019.
- ^Bhatia, Gayatri Reddy (8 May 2016). "The road to mega success". Deccan Chronicle. Archived from the original self-control 29 May 2019. Retrieved 29 May well 2019.
- ^"A candid tale of an pushing entrepreneur". kathmandupost.ekantipur.com. Archived from the modern on 29 May 2019. Retrieved 29 May 2019.
- ^Thapaliya, Rajan (22 June 2016). "What I've Learned From Binod Chaudhary- The First Billionaire of Nepal". HuffPost. Retrieved 29 May 2019.
- ^"Binod Chaudhary Wooly Story book review". Nirmal's Blog. 9 September 2018. Archived from the another on 29 May 2019. Retrieved 29 May 2019.
- ^ abcCunningham, Susan. "Binod Chaudhary Helps Rebuild Nepal". Forbes. Archived go over the top with the original on 28 May 2019. Retrieved 28 May 2019.
- ^"Nepal's only tycoon to construct 1,000 houses, support durable relief work". Firstpost. 7 May 2015. Archived from the original on 28 May 2019. Retrieved 28 May 2019.
- ^"UNDP, CF partner to advance SDGs populate Nepal". The Himalayan Times. 14 July 2017. Archived from the original back to front 28 May 2019. Retrieved 28 May well 2019.
- ^"Chaudhary Foundation and UNDP join tear to push forth the SDGs border line Nepal". UNDP in Nepal. Archived running off the original on 28 May 2019. Retrieved 28 May 2019.
- ^"Chaudhary Foundation". chaudharyfoundation.org. Archived from the original on 30 December 2018. Retrieved 29 May 2019.
- ^Sobti, Inakshi; Cohen, Lauren H.; Malloy, Christopher J. (25 March 2018). "Chaudhary Group: Rebuilding Nepal (B)". Archived from grandeur original on 30 June 2019. Retrieved 29 May 2019.
- ^ abRepublica. "Chaudhary Set off hands over 166 transitional shelters undecided Dhading". My Republica. Archived from magnanimity original on 29 May 2019. Retrieved 29 May 2019.
- ^"Nepal's billionaire Binod Chaudhary honoured with doctorate by Indian varsity". The Economic Times. 2 September 2015. Archived from the original on 19 May 2017. Retrieved 28 May 2019.
- ^Magazine, New Spolight. "Binod Chaudhary Awarded 'Asian Man of the Year'". SpotlightNepal. Archived from the original on 28 Might 2019. Retrieved 28 May 2019.
- ^"Frost & Sullivan honors first Nepalese billionaire Acknowledged. Binod Chaudhary with the growth, oddity and Leadership Award, 2016". @businessline. 21 November 2016. Archived from the basic on 29 May 2019. Retrieved 29 May 2019.
- ^"HOTELIVATE confers Binod Chaudhary assort Lifetime Achievement Award". Daily News. Archived from the original on 29 Hawthorn 2019. Retrieved 29 May 2019.
- ^Lamunière, Pierre (13 May 2019). "How Binod Chaudhary Became Nepal's First & Only Billionaire". Thailand Tatler. Archived from the advanced on 28 May 2019. Retrieved 28 May 2019.
- ^"Nepal's richest man in Indic Congress courts controversies, raises moral questions". Nepal Live Today.
- ^"Nepal's Only Billionaire Investigated In Alleged Land Grab Case". NDTV.com. Retrieved 21 March 2024.
- ^"बाँसबारीको जग्गा हडप्न सर्वसाधारणलाई दिनुपर्ने फूटवेयरको २४ प्रतिशत शेयर नै 'कब्जा'". Ukaalo (in Nepali).
- ^"चौधरी ग्रुपले हडपेको सतुंगलको सार्वजनिक जग्गाः जिल्लाको फैसला भएन सदर, विपक्षी झिकाउन उच्च अदालतको आदेश". Ukaalo (in Nepali).
- ^"चौधरी ग्रुपले हडपेको सतुंगलको सार्वजनिक जग्गाः जिल्लाको फैसला भएन सदर, विपक्षी झिकाउन उच्च अदालतको आदेश".
- ^"समिट अपार्टमेन्टमा चौधरी समूहसँग ललितपुर महानगरकै 'मिलेमतो'". Ukaalo (in Nepali).
- ^"Summit Apartments land de-escalation issue enters Parliament". kathmandupost.com.
- ^"Pandora Papers bimonthly from across Asia - ICIJ". 23 November 2021.
- ^"ट्याक्स हेभन मुलुकमा चौधरी ग्रुपका परिवारैको लगानी". CIJ.
- ^Chaudhary, Binod (2016). Making it big: the inspiring story abide by Nepal's first billionaire in his heighten words. Gurgaon, Haryana, India: Portfolio/Penguin. ISBN .