As forbes Only one Nepalese business person as a Billionaire Binod Chaudhary achieved 1920 Billionaire rank in the world ranking of billionaires. Chaudhary is the owner of CG group. He controls Chaudhary Group in Nepal. His biggest assets are a controlling stake in Nepal’s Nabil Bank and CG foods the popular Nepalese noodles WAI WAI. Wai Wai factory already expanded in India, Serbia, Bangladesh and under construction in Egypt. He has 30 chain hotels Name Taj Chain. Only Binod Chaudhary is Billionaire in Nepal.
His grandfather, Bhuramal Das Chaudhary, migrated to Nepal from Rajasthan India in the 19th century. After his arrival at age 20, he started a textile business. He became the first in Nepal to start a formally registered clothing company. His father, Lunkaran Das Chaudhary, continued to develop the textile business, and also established international-trading houses, and a construction company.
At the age of eighteen, Binod Chaudhary was about to head to India to study charter accountancy, but his father was diagnosed with heart disease and the doctor told him his father could not continue to run the family business. As he was the eldest son in the family he stepped in as head of the business.
At first, Binod Chaudhary considered importing Japanese SUZUKI cars to Nepal. He start to import SUZUKi car as a dealer in Nepal.
The Chaudhary Group is a business group, founded by Chaudhary’s grandfather Lunkaran Das Chaudhary. Wai Wai a brand of instant noodles introduced to Nepal in 1984, became the company’s bestseller. Chaudhary took over his family company at the age of 23, and wrote “running that disco taught me a lot about business but it was only when I took over the family business of running Arun Emporium, turning its fortune and looking after family, I understood the business.
The idea to sell Wai wai noodles came to Chaudhary after seeing many people from Thailand with packets of noodles. Soon after that, he realized that there was a craving for Thai noodles in Nepal. He went to Thailand, where he visited Thai Preserved Food Factory Co. Ltd., the company that produced Wai Wai noodles for Thailand.He wanted to collaborate with the company, however, the owner was not that confident the idea of bringing the noodles to Nepal would work due to the country’s “poverty and poor infrastructure.
In 2017 Chaudhary joined the Nepali Congress party, The party has stated that Chaudhary has made significant contributions to the country.
After lefting Nepali Congress he was a member of the parliament of Nepal, representing the Communist Party of Nepal-Unified Marxist Leftist (CPN-UML). He has said that, “They [CPN-UML] wanted me to come and contribute in the making of the Constitution as a person who is known within and outside the country He was also a UML lawmaker before that program went defunct.