Nepali billionaire Binod Chaudhary will arrive in Dushanbe on March 18 to conduct master class for Tajik entrepreneurs. The visit is organized 55 Group and Inspire Central Asia.
On March 19, Binod Chaudhary will conduct a master class for Tajik entrepreneurs on the theme “How to Build a Billion Dollar Company.”
A book by Binod Chaudhary titled Making it Big: The Inspiring Story of Nepal's First Billionaire in His Own Words will be presented on the sidelines of the master class.
Binod Chaudhary (born April 14, 1955) is a Nepalese businessman, industrialist, philanthropist, and politician serving in the Nepali Congress. He is the current chairman of Chaudhary Group (CG), a conglomerate that consists of nearly 80 companies. Chaudhary is also the first Nepali billionaire, as listed by Forbes.
Besides business, Chaudhary has been involved in several other government and social sectors. He worked as a member of constituent assembly and parliament of Nepal from April 2008 to May 2012. His CG Foundation works for the social welfare and he often contributes in the areas of art, music and literature as well.
Chaudhary Group (CG Global) is a multi-national conglomerate company headquartered in Nepal. It has diversified business interests including financial services, fast-moving consumer goods, education, hospitality, energy, EPC, consumer electronics, realty, biotech and Ayurveda. The group runs 136 companies under 15 different business verticals across all five continents.
The group traces its history to Binod’s grandfather late Mr. Bhuramull Chaudhary towards the end of the eighteenth century. A resident of Churi-Ajitgarh village in Shekhawati district of Indian state Rajasthan, he was invited to Nepal at the behest of erstwhile Rana rulers to do business. He sold clothes to the royalty and high-end customers in Kathmandu going from door to door, and later started his own store in Kathmandu.
It was Binod’s father late Lunkaran Das Chaudhary who actually laid the foundations of the group. He imported high-end consumer electronics and ready-made garments from Japan, South Korea, Europe and India and started Nepal’s first departmental store Arun Emporium in 1968. He also exported Jute to the U.S. and Europe in the early 1960s when Nepal’s trade with outside world was limited to India. He is claimed to have started many new business ventures in Nepal, such as construction company, flooring and furnishing, and exporting manufactured food (biscuits) to India.
