Introduction
Binod Chaudhary Biography: Binod Chaudhary is a Nepalese billionaire businessman and politician. He was born on 14 April 1955 in Kathmandu, into a Marwari family with a strong entrepreneurial background. He is the first and only billionaire of Nepal. Chaudhary is the chairman of Chaudhary Group (CG), one of the largest conglomerates in Nepal, which owns more than 110 companies and 76 brands worldwide. His biggest assets are a controlling stake in Nepal’s Nabil Bank and CG Foods.
Binod Chaudhary is also a member of parliament representing the Nepali Congress Party, the country’s main opposition party, and has advocated for political stability, economic development, and constitutional reforms. He is the founder of the Chaudhary Foundation, which aims to improve lives, empower communities, and help sustainably develop Nepal.
Binod Chaudhary has been recognized for his contributions to business, philanthropy, and society. He was awarded an honorary doctorate by the Sri Sri University in Odisha, India, in 2015. He was also named “Asian Man of the Year” by New Spotlight Magazine and Frost & Sullivan honored him as the first Nepalese billionaire. Chaudhary has written an autobiography, “Ek Unchi Udaan,” which has been translated into English. He is a proud third-generation Nepalese national of Indian descent, and his grandfather moved to Nepal around 140 years ago to set up a textile business.
Early Life and Education
Binod Chaudhary, the first and only billionaire in Nepal, was born into a Marwari family with a strong entrepreneurial background. His early education laid the foundation for his future success as a business magnate and politician. Chaudhary attended Juddodaya Public School and Nepal Adarsh Bidhya Mandir for his primary and secondary education. Subsequently, he pursued his higher education in India, where he obtained a degree in Chartered Accountancy (CA).
Binod Chaudhary’s commitment to education and his passion for business led him to make significant contributions to the family’s business empire. His dedication and vision played a pivotal role in transforming the family’s textile business into the diversified conglomerate known as Chaudhary Group (CG). This conglomerate now encompasses various sectors, including distribution, retail, leisure, and manufacturing, and owns numerous companies and brands globally.
Chaudhary’s early life and education not only laid the groundwork for his remarkable career but also exemplified his deep-rooted connection to Nepal and his unwavering commitment to business excellence, social impact, and national development.
Quick Information
Full Name: Binod Kumar Chaudhary
Date of Birth: 14 April 1955
Age: 69 Years (in 2024)
Birth Place: Khicha Pokhari, Kathmandu, Nepal
Height: N/A
Weight: N/A
Nationality: Nepalese
Religion: Hindu
Caste: Marwari Brahmin
Zodiac Sign: Aries
Marital Status: Married
Wife/Spouse: Sarika Chaudhary
Parents:
- Father – Lunkaran Das Chaudhary (Died at 2072 BS)
- Mother – Ganga Devi Chaudhary
Children:
- Nirvana Chaudhary (1st Son)
- Rahul Chaudhary (2nd Son)
- Varun Chaudhary (3rd Son)
Home Town: Thamel, Kathmandu, Nepal
Office: Ravi Bhawan, Kathmandu, Nepal
School:
- Juddodaya Public School
- Nepal Adarsh Bidhya Mandir
College/University: N/A
Academic Qualification: CA (From India)
Profession: Entrepreneur, Politician
Political Party: Nepali Congress
Hobbies: Reading, Writing, Sports, Philanthropy
Net Worth: $ 1.8 Billion
Contact Number: +977-9851023373 (Rabi Bhawan Office)
Social Contacts:
Binod Chaudhary Associated Few Ventures
- Chaudhary Group (CG), 202 Companies and 261 Brands Across the World
- Nabil Bank Limited, Nepal
- CG Finco (Financial Company)
- United Remit (Remittance Company)
- United Finance (Financial Company)
- United Insurance Company
- UBC (United Bank of Colombo), Sri Lanka.
- Taj Samudra, Colombo, Sri Lanka
- Himal Hydro
Entrepreneurial Journey
Binod Chaudhary’s entrepreneurial journey is a remarkable story of vision and innovation. He is the chairman and president of the Chaudhary Group (CG), one of the largest conglomerates in Nepal, which owns more than 110 companies and 76 brands worldwide. Chaudhary’s entrepreneurial journey began with his family’s textile business, which he transformed into a diversified conglomerate that encompasses various sectors, including distribution, retail, leisure, and manufacturing.
Chaudhary’s entrepreneurial journey is a testament to his unwavering commitment to business excellence, social impact, and national development. He has been recognized for his contributions to business, philanthropy, and society. In 2013, he became the first Nepali entrepreneur to be listed as a dollar billionaire by Forbes. He was also named “Asian Man of the Year” by New Spotlight Magazine, and Frost & Sullivan honored him as the first Nepalese billionaire.
Chaudhary’s entrepreneurial journey is characterized by his ability to identify and seize business opportunities. He expanded his family’s textile business into the hospitality industry by investing in hotels and real estate, collaborating with India’s Taj Group. He also ventured into the finance and housing sectors, among others. Chaudhary’s entrepreneurial journey is a testament to his ability to adapt to changing market conditions and his willingness to take calculated risks.
Chaudhary’s entrepreneurial journey is also marked by his commitment to social impact and philanthropy. He is the founder of the Chaudhary Foundation, which aims to improve lives, empower communities, and help sustainably develop Nepal. The foundation has undertaken numerous initiatives, including earthquake relief efforts, education and healthcare programs, and community development projects. Chaudhary’s entrepreneurial journey is a testament to his belief that business can be a force for good and his commitment to giving back to society.
In conclusion, Binod Chaudhary’s entrepreneurial journey is a remarkable story of vision, perseverance, and innovation. He has transformed his family’s textile business into a diversified conglomerate that encompasses various sectors, including distribution, retail, leisure, and manufacturing. His entrepreneurial journey is characterized by his ability to identify and seize business opportunities, adapt to changing market conditions, and take calculated risks. Chaudhary’s entrepreneurial journey is also marked by his commitment to social impact and philanthropy, exemplified by the Chaudhary Foundation’s numerous initiatives.
Political Journey and Achievements
Binod Chaudhary has been actively involved in Nepalese politics and has made significant contributions as a member of parliament representing the Nepali Congress Party, the country’s main opposition party. Chaudhary has advocated for political stability, economic development, and constitutional reforms, reflecting his commitment to the progress and welfare of Nepal. His foray into politics has been characterized by a dedication to addressing key issues and shaping the country’s future.
Chaudhary’s political journey is marked by his multifaceted contributions to the political landscape of Nepal. He served as a member of the parliament of Nepal, representing the Communist Party of Nepal-Unified Marxist Leninist, and later joined the Nepali Congress Party. His transition between political affiliations underscores his commitment to serving the nation’s best interests beyond party lines.
In addition to his parliamentary roles, Chaudhary has been actively involved in various initiatives aimed at driving positive change in Nepal. As the chairman of the Chaudhary Foundation, he has been at the forefront of efforts to improve lives, empower communities, and sustainably develop the country. The foundation’s diverse projects, including post-earthquake rebuilding, healthcare, and education programs, exemplify Chaudhary’s holistic approach to contributing to Nepal’s progress.
Chaudhary’s political journey and achievements reflect his deep-rooted commitment to the welfare of Nepal and its people. His advocacy for political stability, economic development, and constitutional reforms, coupled with his philanthropic endeavors, demonstrate a comprehensive approach to driving positive change in the country. Chaudhary’s contributions to both the business and political spheres underscore his status as a prominent figure in Nepal, with a far-reaching impact on the nation’s development.
Philanthropy and Social Works
Binod Chaudhary, the first and only billionaire in Nepal, is not only a prominent businessman and politician but also a dedicated philanthropist. His philanthropic endeavors have left a lasting impact on Nepal, particularly in the aftermath of the 2015 earthquake. Chaudhary’s Chaudhary Foundation played a pivotal role in organizing relief efforts, providing healthcare assistance to the earthquake victims in 12 districts, and donating over $2.5 million to aid in the reconstruction of schools and homes destroyed by the disaster. Additionally, the Chaudhary Group, under his leadership, donated 500,000 packets of Wai Wai noodles to support the relief efforts.
Furthermore, Chaudhary’s philanthropic initiatives extend beyond disaster relief. He has been actively involved in various projects aimed at improving the lives of Nepalese citizens, empowering communities, and contributing to the sustainable development of the country. These initiatives include the establishment of hospitals, medical research centers, and programs addressing critical health challenges. The Chaudhary Foundation has also been instrumental in implementing education and healthcare programs, as well as community development projects, reflecting Chaudhary’s holistic approach to philanthropy and social impact.
Chaudhary’s commitment to philanthropy and social welfare is a testament to his belief in using his resources and influence to make a positive and sustainable impact on society. His philanthropic journey, coupled with his business and political achievements, exemplifies his multifaceted contributions to the economic, social, and political spheres in Nepal. Chaudhary’s dedication to philanthropy has earned him admiration and respect, positioning him as a leading figure in the area of social responsibility and community upliftment.
Achievements and Controversies
Binod Chaudhary, a prominent figure in Nepal, has achieved significant milestones in the area of business and politics. As the first and only billionaire in Nepal, he has achieved recognition for his entrepreneurial awareness and his contributions. Chaudhary’s achievements include being honored as the “Asian Man of the Year” by New Spotlight Magazine and receiving an honorary doctorate from an Indian university. His entrepreneurial journey, from transforming his family’s textile business into the diversified conglomerate Chaudhary Group to his global business ventures, reflects his remarkable success and influence.
However, Chaudhary’s career has not been without controversy. He has faced criticism for alleged manipulation of Nepali law to conduct business abroad and has been embroiled in disputes over his tax record with the Nepali government. These controversies have sparked debate and scrutiny regarding his business practices and financial dealings.
In the political arena, Chaudhary’s achievements are underscored by his active involvement in the Nepalese political landscape. He has served as a member of parliament, representing both the Communist Party of Nepal-Unified Marxist Leninist and the Nepali Congress Party, where he has advocated for political stability, economic development, and constitutional reforms. His transition between political affiliations reflects his commitment to serving the nation’s best interests beyond party lines.
Chaudhary’s philanthropic initiatives, particularly through the Chaudhary Foundation, have left a lasting impact on Nepal. His foundation has been instrumental in organizing relief efforts, providing healthcare assistance, and executing post-earthquake reconstruction projects, demonstrating his commitment to social welfare and sustainable development. Chaudhary’s multifaceted contributions to business, politics, and philanthropy have positioned him as a leading figure in Nepal, with a far-reaching impact on the nation’s progress and well-being.
Personal Life and Relationship
Binod Chaudhary, the first and only billionaire in Nepal, has had a remarkable personal life and relationship journey. He was born into a Marwari family in Nepal, and his father and grandfather were businessmen who inspired him to pursue a business career. Chaudhary’s autobiography, “Making It Big,” chronicles his journey from his early life to his current status as a prominent figure in Nepal’s business and political spheres.
Chaudhary’s personal life and relationship journey have been marked by his commitment to family and his passion for Nepal. He has been married to Sarika Chaudhary for over three decades, and they have three children. Chaudhary’s love for Nepal is evident in his philanthropic endeavors, particularly through the Chaudhary Foundation, which aims to improve lives, empower communities, and help sustainably develop Nepal.
Binod Chaudhary’s personal life and relationship journey reflect his deep-rooted connection to Nepal and his unwavering commitment to family, business excellence, social impact, and national development. His autobiography, “Making It Big,” provides insights into his journey and inspires entrepreneurs and young people to keep their hopes alive. Chaudhary’s multifaceted contributions to business, politics, and philanthropy have positioned him as a leading figure in Nepal, with a far-reaching impact on the nation’s progress and well-being.
Frequently Asked Questions (FAQs)
- Who is Binod Chaudhary?
- Binod Chaudhary is a Nepalese billionaire businessman, politician, and philanthropist. He is the chairman and president of the Chaudhary Group (CG), one of the largest conglomerates in Nepal, which owns more than 110 companies and 76 brands worldwide. He is also a member of parliament representing the Nepali Congress Party, the country’s main opposition party.
- What are Binod Chaudhary’s notable achievements?
- Binod Chaudhary is recognized as Nepal’s first and only billionaire, with an estimated net worth of $1.7 billion. He has been honored as the “Asian Man of the Year” and has received an honorary doctorate. Chaudhary has also made significant contributions to business, politics, and philanthropy, and his Chaudhary Group is a leading conglomerate in Nepal.
- What is the Chaudhary Group?
- The Chaudhary Group (CG) is one of the largest conglomerates in Nepal, with a diverse portfolio that includes businesses in sectors such as distribution, retail, leisure, and manufacturing. The group owns more than 110 companies and 76 brands worldwide, and it is a key player in the Nepalese economy.
- What is Binod Chaudhary’s political involvement?
- Binod Chaudhary is a member of parliament representing the Nepali Congress Party, the country’s main opposition party. He has advocated for political stability, economic development, and constitutional reforms, reflecting his commitment to the progress and welfare of Nepal.
- What philanthropic work has Binod Chaudhary been involved in?
- Binod Chaudhary is the founder of the Chaudhary Foundation, which aims to improve lives, empower communities, and help sustainably develop Nepal. The foundation has been instrumental in organizing relief efforts, providing healthcare assistance, and executing post-earthquake reconstruction projects, demonstrating his commitment to social welfare and sustainable development.
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