An inspiring read and great to see the fulfilment of an entrepreneurial journey, and the creation of a great legacy after stepping into the shoes of his father.
This is a great generation to generation story where each subsequent generation has added to and built on the work of their predecessors, and created a great family business empire in the process.
It also brings to the fore how family pull together at times of need, making sacrifices such as study in order to take over a role that was needed and the next generation never looked back.
A really good family business story to end the week on too!
Usually, third-generation entrepreneurs from established business families are born with the proverbial silver spoon, which makes their startup journey much more conflict-free than those bootstrapping their ideas to reality. While Binod Chaudhary’s comfortable middle-class upbringing can in no way qualify his story as one of those imagination-firing rags-to-riches one, neither can it be grouped in the former privileged category. Nepal’s first, and only billionaire, Binod is a self made man through and through. 18-year-old Bhuramal Chaudhary left his ancestral village in Rajasthan in the hopes of making a better life for himself and ended up in Nepal, and began trading in textiles there. Over a lifetime of effort he managed to build a small textile store. After his death, his son, Lunkaran Chaudhary, took over the reins of the business and transformed it into Nepal’s first department store, Arun Emporium.