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Nirvana Chaudhary

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Nirvana Chaudhary
Nirvana_Chaudhary.jpg
BornMarch 15, 1982 (1982-03-15) (age 41)
Kathmandu
🏳️ NationalityNepalese
💼 Occupation
MD of Chaudhary Group
👩 Spouse(s)Ashrayata Chaudhary
👴 👵 Parent(s)Binod Chaudhary

Nirvana Chaudhary (Nepali : निर्वाण चौधरी ) is a Nepali philanthropist, multi-millionaire businessman, and the managing director of the Chaudhary Group which is chaired by his father Mr. Binod Chaudhary, ranked 1349th in the 2019 Forbes List of Billionaires.[1] [2] [3]. With his unique insights and distinct virtues, Chaudhary has carved a prominent image in the business world and increasingly takes command of the family-owned, third generation business empire.

Early Life[edit]

Nirvana Chaudhary was born on March 15, 1982 in Kathmandu, Nepal, to the business royalty Mr. Binod Chaudhary and Mrs. Sarika Chaudhary. He has two younger siblings Varun Chaudhary and Rahul Chaudhary[4]. His great-grandfather Mr. Bhuramal Das Chaudhary, was an insightful entrepreneur who started a textile business and the empire chaudhary group. Chaudhary’s grandfather Mr. Lunkaran Das Chaudhary further developed the prospects of his father's business and founded Arun Emporium, a retail store enterprise which was his best venture.[5] Being the eldest son of the family, Mr. Binod Chaudhary had to step in as the head of the business after his father was diagnosed with a heart disease.

His major influence in life is his father Mr. Binod Chaudhary who developed a keen and wise learning path for his children.

Education[edit]

Chaudhary along with this brothers attended the Doon School at Dehradun, India[6] [7]. After his schooling he pursued his Bachelor's Degree in Business Administration from Harrow School in the UK. He then received his University Education in Singapore and Massachusetts Institute of Technology, USA[8]. The versatile Chaudhary was inclined towards sports and was a former player in the National Squash Team of Nepal. Harnessing his skills through a set of experiences and education, he is one of the elite businessman and the ultimate role model, where he uses his power to motivate youth, teach them leadership skills and give back to his country.

Career[edit]

The orientation of business came early at the age of 11-12 for Chaudhary. He would sit in the boardroom meeting, observing and noting the working of the empire. Fortunately enough between the age of 15 and 17, he got work experiences from some of the reputed investment banks like Credit Suisse, Donaldson, Lufkin & Jenrette and Amex. Being a strong believer of hard work and dedication, Chaudhary worked as a waiter in a Nepali restaurant back when he was studying in London where he learnt a valuable life lesson and importance of money. Then at a tender age of 19, Nirvana joined his family business and took command as an Assistant Sales executive which required him to deliver beer cartoons from the back of a Tata mobile[9]. Nirvana has come a long way establishing himself as a multi-faceted young entrepreneur. After a handful of experiences, he put down a proposal of his startup but was denied the Capital. However, with a strong determination and a lot of savings, he started his venture under C.G. Finco Pvt. Ltd that achieved break even in a matter of 25 months' time[10]. An avid art collector, Mr. Chaudhary plans to open up his personal collection for general public in the near future. Now, with his strong dedication and vision, Chaudhary handles several units of the empire which compromises over 80 business, spreading over many areas such as Foods and Beverages, Electronics and Home Appliances, Resorts and Spas, Automobiles, Finance and Remittance, Schools to name a few on five continents and 30 countries with a workforce of over 15,000 people and a net worth of $2.5 billion dollars, all that before reaching the age of 30[11][12] [13][14]. Chaudhary Group was the first corporate house in the country to venture into the housing sector with Kathmandu Residency in 2000. And in 2003, it came up with Mount View Residency (MVR) phase I and phase II at Harisiddhi[15].Chaudhary as CG’s Managing Director, joined the electronics division in 2001, as an assistant sales manager and since then has created a remarkable value to the empire.When Chaudhary first joined the department, it was assembling products for only one brand: LG (formerly known as Goldstar). But the Group realized that having its own brand could offer a high level of brand equity, leading to the launch of the brand CG in 2005[16].

Awards and Accolades[edit]

Nirvana has received awards from various institutions and has been voted as The 50 Most Influential People in Nepal 2011. He was awarded with the Rajiv Gandhi Foundation Award for the Young Entrepreneur and Philanthropist in 2017[17]. His Accolades includes the following:

  • AAMO- Asian Leadership Awards, April 2019
  • YPO SEN Global Philanthropy Award, Jan 2019[18]
  • President’s Award for Social Contribution- Lions International, 2015
  • Best Brand/Peoples’ Choice Excellence Award, FNCCI, 2013
  • National Sanskritik Award- Industrial Sector, 2006
  • Finalist for “The Boss Awards- Young Entrepreneur.” 2003, 2004, 2005, 2006
  • Recognition Award for Contribution to the Nepalese Community, September 2004
  • Winner of Nepal Corporate Squash Tournament, September 2004
  • Finalist for “The Boss Awards- Young Entrepreneur.” 2003, 2004, 2005, 2006
  • Nepal Youth Society- National Achievement Award, July 2004
  • Nepal National Squash Team 2003- 2004- SAF Games, Pakistan

Personal Life[edit]

Nirvana Chaudhary is married to Mrs. Ashryata Karki Chaudhary. They have a daughter and a son. Beyond his business and philanthropic endeavors, Chaudhary is passionate about collecting art that promotes young Nepali artists, he was a former national squash player and a trekking enthusiast who has summited some of the tallest mountains in the world.

Charitable Involvement[edit]

Nirvana Chaudhary along with the Chaudhary Foundation is involved with a number of charitable organizations which focuses on improving the lives and strengthening the communities of Nepal. In 2015, Chaudhary made an immediate response and aid efforts directed to the communities most affected by the devastating earthquake.[19][20][21] This aid efforts included providing homes and schools around Nepal and developing an earthquake model village that met at least 10 of the UN’s Sustainable Development Goal (SDGs)[22][23] [24]. Furthermore, he partnered with Bill and Melinda Gates Foundation to improve health and sanitation across Nepal. Through his foundation, he is dedicated to creating socially responsible business and sustainably developing Nepal. Alongside, he also runs his own private philanthropy initiative, Sarangi Foundation[25]under the name of Binod & Sarika Chaudhary Foundation to promote, develop and conserve Nepali Folk and Music[26]. The socially responsible philanthropic work has bagged him numerous of accolades and awards including the Top 50 most influential people in Nepal on 2011 and an honorary member of both Lions International on 2014 and the Rotary Club International on 2013[27]. Nirvana Chaudhary along with his Chaudhary Foundation received the “Company of the Year Award” for Corporate Social Responsibility from Frost and Sullivan on 2018[28]. Chaudhary is also one of the major driving forces that fronted the construction of the Nepal’s largest spiritual institute and top tourist destination, Shashwat Dham[29]

Appointments/ Board Memberships

  • The Honorary Consulate of Serbia for Nepal
  • The former Honorary Consulate General of Maldives to Nepal.
  • The Chairman of ASSOCHAM
  • The Chairman of PHD Nepal Chapter
  • The brand ambassador of WWF Foundation
  • The founder of Himalayan Climate Change
  • The founding member of Young Presidents’ Organization
  • The former VP of Confederation of Nepalese Industries
  • The board of Trade Ministry of Commerce Nepal 2017
  • The former Personal Advisor to Ministry of Industries
  • The former Honary Member of The Lions Club
  • The former Honary Member of Rotary Club International

References[edit]


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