Media Nepal’s noodle king harbours India expansion plans

Nepal’s noodle king harbours India expansion plans

Billionaire Binod Chaudhary, the man behind Wai Wai instant

noodles, is diversifying his food business and has plans for an

IPO soon.

Binod Chaudhary, the only billionaire entrepreneur from Nepal who is best known for starting instant noodle brand Wai Wai says that 2020 was a mixed bag for his group of companies which straddle construction, hospitality, wellness, and FMCG products.

Chaudhary, whose CG Corp Global is one of the largest management contract partners with Indian Hotels Company Limited (IHCL, which runs the Taj group of hotels), also operates hotels under the Fern, Zinc, and Beacon brands, with 78 properties and 4,260 keys. Chaudhary says that while the last year was particularly bad for hospitality, he had expected more resilience from the Indian market and was surprised at the downturn that ensued as fast as it did.

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