Chaudhary Group

From Wikipedia, the free encyclopedia
  (Redirected from Wai Wai (food))
Jump to navigation Jump to search
Chaudhary Group
Private
IndustryFMCG, Financial Services, Hotels and Resorts, Consumer Electronics, Realty, Education, EPC, Cement, Infra
Founded1968; 50 years ago (1968)
FounderMr. Lunkaran Das Chaudhary
HeadquartersChaudhary Group, Kathmandu, Nepal
Area served
Worldwide
Key people
Binod Chaudhary (President) Nirvana Chaudhary (Managing Director)
RevenueUS$1.14 billion
DivisionsCG|Foods,
CG|Finco,
CG|Hotels & Resorts,
CG|Education,
CG|Electronics,
CG|Infra,
CG|Realty,
CG|Telecom,
CG|Brewery,
CG|Beverage,
CG|Tobacco,
CG|Packaging,
Chaudhary Foundation
Websitewww.cgcorpglobal.com

Chaudhary Group (CG Global) is a multi-national conglomerate headquartered in Nepal. It has diversified businesses including financial services, consumer goods, education, hospitality, energy, consumer electronics, real estate, biotech, and alternative medicine. The group owns 136 companies in 15 different business verticals across five continents.

Binod K. Chaudhary, President of Chaudhary Group

History[edit]

The group traces its history to Binod's grandfather, the late Mr. Bhuramull Chaudhary, towards the end of the eighteenth century. A resident of Churi-Ajitgarh village in Shekhawati district of the Indian state of Rajasthan, he was invited to Nepal at the behest of its 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.

Binod's father, Lunkaran Das Chaudhary, 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 department store, Arun Emporium, in 1968. He also exported jute to the US and Europe in the early-1960s when Nepal's trade with the outside world was limited to India. He is claimed to have started many new business ventures in Nepal, such as a construction company, flooring and furnishings, and exporting manufactured food (biscuits) to India, as Binod has written in his autobiography.[1]

Businesses[edit]

  1. Food
  2. Financial Services
  3. Hotels & Resorts
  4. Education
  5. Cement
  6. Electronics items
  7. EPC
  8. Infra
  9. Realty
  10. Brewery
  11. Beverage
  12. Telecom
  13. Tobacco
  14. Packaging
  15. Biotech

Wai Wai Noodles[edit]

Logo of Wai Wai noodles

Wai Wai is an international brand of instant noodles produced initially in Thailand by Thai Preserved Food Factory Co. since 1972.[2][3] Chaudhary Group owned the company and introduced it worldwide from Nepal in 1985.[4] Wai Wai is pre-cooked and flavored before packaging, so it can be eaten straight from the package or cooked in soup form. The Chaudhary Group built two plants in Nepal and six plants in India for the manufacture and distribution of Wai Wai noodles. It is expanding with new plants in Nepal, India, Bangladesh, Serbia, and Saudi Arabia. Along with other noodle brands, one segment of Wai Wai was banned in the Tamil Nadu state of India in 2015 for a period of three months citing high levels of lead in similar noodle brand known as Maggi.[5][6] The Assam government had also banned Wai Wai for one month under the Food Safety and Standard Act 2006.[7] Subsequently, concerned authorities declared the noodles safe as they proved to contain no lead and harmful materials.[8] Wai Wai, which claims a 20 percent market share in the Indian market, has apparently benefited from the noodle controversy and has resurfaced in the Indian market with aggressive business plans from the Chaudhary Group.[9]

Corporate social responsibility[edit]

The group runs its social responsibility programs through the Chaudhary Foundation] in six priority areas:

  1. Disaster risk management
  2. Livelihood and skill development
  3. Health and sanitation
  4. Enterprise development
  5. Heritage and spiritual development
  6. Education

Post-earthquake rehabilitation[edit]

Shelter built by Chaudhary Group in Madevsthan of Kavre District, approximately 60 km east of Kathmandu

The Chaudhary Foundation committed to build 10,000 transitional shelters for survivors of the April 2015 Nepal earthquake.[10] It also committed to build 100 schools for those damaged in the earthquake.[11] The foundation has handed over 2500 shelters and 40 school buildings. Due to government norms, the foundation is now moving away from transitional shelter to permanent housing and working on building a "model village".

Financial services[edit]

Chaudhary Group has a controlling stake in Nabil Bank, Nepal's largest private-sector commercial bank. The group also operates CG Finco (financial company), United Remit (remittance company), United Finance (financial company), and United Insurance Company.

CG Hotels and Resorts[edit]

Summit Hotel, Lalitpur, Kathmandu Valley

The hospitality arm of Chaudhary Group, CG Hotels and Resorts, has 82 hotels under its umbrella under different categories: joint-venture (JV) investments with other brand-managed hotels, JV investments with other brand-owned hotels, JV investments with own brand-owned hotels, JV investments with owned brand-managed hotels, and owned hotels. The total number of rooms is 4981.

CG Education[edit]

Chaudhary Group runs Chandbagh schools, Campion schools and colleges, and Delhi Public School in Nepal. Outside Nepal, it has stakes in AEC Education and Malvern House in UK, Cyprus, Ireland, Singapore, and Malaysia, London, Europe, and Bhutan.

CG Electronics[edit]

Under the electronics vertical, the group assembles (CKD & SKC) and distributes consumer electronics (smartphones, refrigerators, washing machines, microwave ovens, TVs, vacuum cleaners, and various other products) across Nepal. It has started developing its own smartphone and home appliance/ home electronics called CG|Mobile and CG| Electronic. It also imports and distributes other brands such as TCL, Intex, Godrej, and Kelvinator. The best-known brand that the group deals in is LG Corporation of South Korea.[12]

See also[edit]

References[edit]

  1. ^ "Binod Chaudhary's autobiography's English version out". The Himalayan Times. 2015-12-30. Retrieved 18 October 2018.
  2. ^ Jitpleecheep, Pitsinee (18 October 2018). "Wai Wai maker branches out as instant noodles lose steam". Bangkok Post. Retrieved 18 October 2018.
  3. ^ "Company History". Thai Preserved Food Factory Co., Ltd. Archived from the original on 2016-03-04. Retrieved 2016-02-29.
  4. ^ "Beating Hunger With Wai Wai". Chaudhary Group. Retrieved 2016-02-29.
  5. ^ "India's Tamil Nadu bans several noodle products, including Nestle's". Reuters.
  6. ^ "It's Not Just Maggi: Tamil Nadu Bans Wai Wai, Smith And Jones And Reliance Select Noodles". Huffingtonpost.in. Retrieved 2016-02-29.
  7. ^ Singh, Bikash (2015-06-15). "Assam government prohibits sale of two variants of Wai Wai noodles for 30 days". The Economic Times. Retrieved 2016-02-29.
  8. ^ "Assam lifts ban on Wai-Wai noodles". India Today. Retrieved 2016-03-20.
  9. ^ Chatterjee, Purvita (2016-01-12). "Makers of Wai Wai now eye buys to move beyond noodles". The Hindu Business Line. Retrieved 2018-10-18.
  10. ^ "CG to Build 10K Temp Homes for Quake-Hit".
  11. ^ "Binod Chaudhary Helps Rebuild Nepal".
  12. ^ "Archived copy". Archived from the original on 2016-04-16. Retrieved 2016-04-02.