Sunday, 1 September 2019


Only non-Indian to be felicitated at Annual CEO Awards 2019

Colombo Sri Lanka August 26th 2019:  Chairman of CG Corp Global and strong investor in the Sri Lankan hospitality sector Dr Binod Chaudhary was named the Outstanding Leader – SAARC at the CEO Awards 2019 held in Mumbai recently.  The prestigious annual awards organized by CEO India magazine, celebrates excellence in the boardroom and beyond and is touted as one of India’s most transparent and well-researched awards where a highly credible jury reviews industry leaders on their performance at work, work-life balance and the larger impact of their actions. Chaudhary’s award is doubly prestigious as corporate leaders from all eight SAARC countries were in fray for the SAARC Award and he was the only non-Indian among the corporate stalwarts felicitated.

The very first and only billionaire in Nepal (as published by Forbes), in accepting the award Chaudhary continued his call for stronger regional cooperation.  “We have, over the years, worked through different forums including the SAARC Chamber.  There’s a lot that needs to be done and I think the time is right now.  We must race forward.”

Chaudhary who heads a global conglomerate of over 170 companies and 76 brands manned by a team exceeding 10,000, has within his business purview FMCG, electronics, education, cement, energy, hospitality, real estate development, financial services, telecom, Ayurveda, biotech and construction.

In Sri Lanka, he has 16 leisure properties within his conglomerate’s hospitality cluster including the Taj Samudra Colombo and others in partnership with Jetwing and Ceylon Hotels Corporation, the latter which is branded under the global brand Zinc Journeys. His hospitality arm extends to his home country of Nepal, China, Philippines, India, USA, UAE, Maldives and the Seychelles.  He has begun infusing investment into the cement industry in Sri Lanka as well.

In the citation delivered at the awards, it was mentioned that this award of The Outstanding Leader – SAARC is awarded to an extraordinary individual with strategic foresight and leadership to deliver superior performance in a SAARC Company.  As Director CG Corp Global Varun Chaudhary articulated to the packed venue holding some of the most distinguished corporate stewards, mentors, visionaries and leaders in India, “A small man from a small country with big dreams; this is what defines my father.  He has made it to where he is today because he chases dreams.”

Among those felicitated at the CEO Awards were Chairman of the Bajaj Group Rahul Bajaj as The Visionary, Executive Chairman of Murugappa Group M M Murugappan as The Boundary Breaker and Group Chairman of Larsen & Toubro Limited A M Naik as The Mentor.