Chaudhary Group (CG Corp Global) is a multi-national conglomerate headquartered in Nepal. Its businesses include financial services, consumer goods, education, hospitality, energy, consumer electronics, telecommunications, real estate, biotech, and alternative medicine. The group, founded by billionaire Binod Chaudhary, owns 136 companies in 15 different business verticals across five continents.
History
Towards the end of the eighteenth century, Bhuramull Chaudhary, a Marwari[1] businessman from the modern-day Shekhawati district in the Indian state of Rajasthan, was invited to Nepal at the behest of its erstwhile Rana rulers for 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 consumer electronics and garments from Japan, South Korea, Europe, and India. Lunkaran started Nepal's first department store, Arun Emporium, in 1968. He exported jute to the US and Europe in the early-1960s when Nepal's trade with the outside world was limited to India.[2]