The Nepalese father and son duo share the secrets behind working together and channelling creativity into the family business
During the Tatler Gen.T Summit, which is taking place in Hong Kong from November 9-10 this year, Tatler’s very own Tamara Lamuniere, founder of Tatler Gen.T moderated the All in the Family: Navigating for Success When Business Is Personal panel, which featured Binod Chaudhary, chairman of Chaudhary Group (CG Global Corp); and Nirvana Chaudhary, managing director of CG Global Corp as speakers.
Under Binod Chaudhary, CG Corp Global has become one of Nepal’s largest conglomerates with diversified business interests. He is also actively involved in philanthropy and established the Chaudhary Foundation, a non-profit organisation that focuses on social initiatives like disaster relief, education, and healthcare. And Nirvana Chaudhary, has been recognised for his social contributions such as the YPO's SEN Sustainability Award for Philanthropy and the President's Award for Social Contribution from Lions Club International.
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On running a family business
“The most important capital that you have is your next generation, otherwise why are you working to build an empire? You want to leave a legacy behind and for that, the successors need to be trained properly. We don't have an option but to take the company to the next level, and hand it over to the next generation bigger and better. I think that commitment to the ones who are inheriting comes as a part of the responsibility.”
- Binod Chaudhary
“[My father] knows that his duty is to keep pushing us, pushing our potential because unless he sees that, how is the operation going to do and how are we going to do? It revolves around the fundamental values we grew up around, things like humility which is the single most important value that goes back to our grandparents. Compassion, we were always philanthropic as a family. Learning how to be frugal when you need to be and understanding the value of money.”
- Nirvana Chaudhary
On entrepreneurship
“I feel entrepreneurs become that when they're in this particular environment. I remember coming back from boarding school and sitting in his office observing, and at the time I didn’t even think I would get into the business.”
- Nirvana Chaudhary
