Latest news with #CG
Business Standard
13 hours ago
- Business
- Business Standard
Chaudhary Group and Bikaji Foods Announce Strategic Joint Venture to Bring Authentic Indian Flavours to Nepal
VMPL Kathmandu [Nepal], July 24: In a major step toward elevating Nepal's snacking experience, Chaudhary Group (CG), Nepal's first multinational conglomerate, has entered into a strategic Joint Venture cum Shareholders Agreement with Bikaji Foods International Limited (BFIL), one of India's largest and most respected ethnic snack brands. This partnership marks a powerful union of two market leaders and aims to bring premium quality snacks, bhujia, namkeen, papad, and packaged sweets to the Nepalese market through a 50:50 joint venture. The collaboration includes a joint infusion of capital to establish a state-of-the-art manufacturing facility in Nepal, ensuring authentic products with minimal turnaround time and deeper local market integration. "This collaboration reaffirms our commitment to bringing world-class food innovation to Nepal while expanding and strengthening our local capabilities," said Varun Chaudhary, Managing Director, CG Corp Global. "Our joint venture with Bikaji is not just about product excellence -- it's about creating long-term value for Nepal from generating employment to strengthening supply chains. This partnership has the potential to accelerate Nepal's food sector and set new benchmarks in quality and accessibility. We envision making the rich, diverse flavours of India a seamless part of daily snacking in Nepal." "This joint venture marks a pivotal milestone in Bikaji's global growth journey and promotes our strong conviction in Nepal's potential as a key strategic market," said Deepak Agarwal, Managing Director, Bikaji Foods International. "With CG Group's strong market leadership and deep local insights, we are confident in our ability to deliver high-quality, affordable products that resonate with the consumers in Nepal. Beyond commerce, this partnership seeks to create enduring value -- empowering communities, fortifying supply chains, and enhancing Nepal's food ecosystem." Capturing the Momentum of Nepal's FMCG Growth The partnership arrives as Nepal's fast-moving consumer goods (FMCG) sector sees exponential growth. With a population of nearly 30 million and rising urban consumer demand, Nepal's FMCG sector is estimated to be growing at 20% annually, valued at over $1 billion, according to the Investment Board Nepal. By combining Bikaji's trusted brand and product excellence with CG's local expertise, nationwide distribution, and consumer insight, the new venture is poised to make a lasting impact. The Joint Venture Will: -Establish state-of-the-art manufacturing units in Nepal led by Chaudhary Group to produce and package authentic Bikaji snacks; -Create thousands of direct and indirect employment opportunities; -Strengthen local entrepreneurship and supply chains; -Introduce hygienic, affordable, and culturally aligned products to Nepalese consumers; -Position Nepal as a strong player in regional food exports. Shared Vision, Grounded in Legacy and Progress This venture goes beyond business. It reflects a shared commitment by both companies to foster innovation, empower communities, and contribute to Nepal's economic and industrial growth in a meaningful way.
Business Standard
6 days ago
- Business
- Business Standard
Two Titans Join Hands: Campa's Nostalgic Flavour Comes to Nepal with Reliance & Chaudhary Group
VMPL New Delhi [India], July 19: Chaudhary Group (CG), Nepal's largest conglomerate and the parent company of Wai Wai Noodles, has partnered with Reliance Consumer Products to launch Campa Cola in Nepal--marking a strategic expansion of CG's beverage portfolio and reinforcing its dominance in South Asia's food and beverage sector. Campa's entry into Nepal follows its successful expansion in GCC countries, where it aims to replicate its success. As part of this alliance, CG will leverage its manufacturing and distribution expertise in the food & beverages sector to ensure smooth supply and rollout of Campa products across Nepal. With this alliance, CG expands its beverage portfolio and strengthens its position in Nepal's USD 1.6 billion soft drink market. The partnership also highlights the growing influence of Indian brands in South Asia. The initial Campa range in Nepal will feature Campa Cola, Campa Lemon, Campa Orange, Campa Energy Gold Boost, and Campa Energy Berry Kick. These products are priced to appeal to a wide range of consumers and maximize market reach. The 250ml bottles of Campa Cola, Campa Orange, and Campa Lemon carbonated soft drinks are available at NRs. 30 each, while the 250ml Campa Energy Berry Kick PET bottle is priced at NRs. 40. Sharing thoughts on Campa's entry into the Nepalese market, Nirvana Chaudhary, Managing Director of Chaudhary Group, stated, "We are proud to collaborate with leading global conglomerate Reliance Consumer Products to bring Campa to Nepal. This partnership reflects our dedication to offering consumers high-quality, diverse beverage choices that are rooted in heritage. We are confident that Campa will resonate strongly with local consumers who appreciate distinctive beverage options. This strategic alliance not only expands our beverage portfolio but also reinforces our position as a key player in the region's competitive beverage market. We look forward to leveraging our robust distribution network and market expertise to establish Campa as a beloved brand in Nepal, just as it has been in India for generations." RCPL, the FMCG arm of Reliance Industries, acquired Campa in 2022 and reintroduced it to India in 2023. Today, the soft drink brand holds over 10% market share in the sparkling beverage category in select Indian states and sponsors India's largest sports event, the Indian Premier League. Ketan Mody, Executive Director, Reliance Consumer Products Ltd, said, "We are thrilled to enter the Nepal market with our brand Campa in association with our esteemed partner Chaudhary Group. Campa is a heritage Indian brand founded more than 50 years ago that continues to enjoy the love of consumers. We are investing for the long-term and see great potential for accelerated growth in the region. We have a track record of delivering innovative and global quality products at affordable prices to customers. We are delighted to come together with our esteemed partner today to transform the beverage experience for consumers across Nepal. Campa has multi-generational relevance and reignites a memory and prompts consumers to revisit and relive those cherished moments. Campa celebrates the spirit and salutes the aspirations of today's youth. We're confident they will introduce the refreshing and energizing taste to the consumers across Nepal," said Mody. Chaudhary Group (CG), Nepal's largest conglomerate and the parent company of Wai Wai Noodles, which operates through CG Foods, is driving aggressive growth in India with new product launches across the East and Northeast, as well as expanding dealer partnerships in Uttar Pradesh and Bihar.
Business Wire
17-07-2025
- Business
- Business Wire
Compliance Group Inc. and Loftware Announce Strategic Partnership to Drive Digital Labeling Transformation in Life Sciences
CHICAGO--(BUSINESS WIRE)--Compliance Group Inc., a premier validation, regulatory consulting firm serving the Life sciences industry, is thrilled to announce its strategic partnership with Loftware, a global leader in product identification and supply chain transparency. Purpose-Driven Partnership for a Compliant, Scalable Future Loftware's powerful, cloud-enabled labeling technology with CG's deep labeling expertise and proven Computer Software Assurance (CSA) aligned validation strategies, the partnership delivers: World class labeling consulting & End-to-end support Insights into inefficiencies and compliance gaps in legacy systems Expert guidance on system migration & architecture alignment FDA, MDR, Global ISO compliant validation (IQ, OQ, PQ) Integration with enterprise systems (SAP, Oracle, Veeva, etc.) Real-World Impact: Leading Global MedTech Transformation A global leader in medical devices selected CG to lead the replacement of their Global Labeling System (GLS). Our team conducted: Thorough assessment of legacy system Vendor selection & Loftware readiness planning Define requirements with expert consulting Validation aligned with CSA, FDA, & Global ISO standards Full implementation with audit readiness Executive Perspectives "Our partnership with Loftware reinforces our commitment to helping clients build innovative, scalable, and compliant labeling systems. With our AI powered design validation approach, we enable life sciences companies to move faster while staying inspection ready.' added Sarat Bhamidipati, CEO, Compliance Group Inc. "We're excited to partner with Compliance Group to help life sciences organizations modernize their labeling environments while meeting the industry's rigorous regulatory requirements. By combining our cloud-based labeling solutions with Compliance Group's deep validation and regulatory expertise, we're enabling companies to accelerate digital transformation, reduce risk, and ensure long-term compliance," added Carter Johnson, Vice President, Global Alliance Sales at Loftware. About Compliance Group Inc. CG is a leading consulting & validation partner for the Life sciences industry. Our experts bring decades of regulatory experience & specialize in validation, label consulting, and digital transformation. With a vendor-neutral, AI-driven approach, we use people, platforms, and processes to build a compliant, scalable quality system. Learn more at About Loftware Loftware is the global leader in product identification, artwork management, and connected packaging. Our cloud-based solutions power real-time collaboration, ensure compliance, improve authenticity, and deliver supply chain visibility from product development to consumer engagement. We provide scalable, data-driven labeling and packaging technologies that help companies boost speed to market, enhance efficiency, and connect physical products to digital experiences. Trusted by global brands and backed by over 40 years of innovation, Loftware supports customers across industries with offices in the US, UK, Slovenia, China, and Singapore. Learn more at
Focus Malaysia
17-07-2025
- Business
- Focus Malaysia
SMI courts more CG controversy with re-appt of director who was ‘rejected' a month ago
PROPERTY developer South Malaysia Industries Bhd (SMI) which is facing backlash over shareholder rights and corporate governance (CG) practices is now embroiled in a controversy surrounding its e re-appointment of Latifah Abdul Latiff as the company's independent non-executive director (INED). This follows the company's 53rd annual general meeting (AGM) on June 25 whereby SMI had an unprecedented all four resolutions proposed by its current board of directors 'rejected and voted down', including that of Latifah's re-election, prompting her resignation on the same day. According to a Bursa Malaysia filing dated July 15, the 64-year-old former Bank Pembangunan Malaysia Bhd senior vice president/business banking head was appointed to her old INED role which she failed to seek re-election effective that day. However, it was understood that proxies representing three major shareholders – Target 1 Sdn Bhd, Honsin Apparel Sdn Bhd and HIQ Media (M) Sdn Bhd – who collectively hold 50.05% of SMI's shares were unhappy with Latifah's re-appointment. After all, the trio had been instrumental in ensuring a decisive rejection of Latifah who had offered herself for re-election during last month's SMI AGM. For the record, the other three rejected resolutions included: The re-appointment of Messrs UHY Malaysia PLT as auditors of SMI until the conclusion of its next AGM; Approving directors' fees and benefits of up to RM350,000 to non-executive directors of the company and subsidiaries; and Authority to allot and issue shares in general pursuant to Sections 75 and 76 of the Companies Act 2016. Similar trend last year 'This incident mirrors a similar situation earlier on March 27, 2024 during which shareholders had rejected the re-election of executive director Leow Thang Fong who also resigned on the same day as the AGM following this rejection,' a market observer told FocusM on condition of anonymity. 'Yet, in a highly questionable move, the board re-appointed Leow as CEO barely a month later on May 1, 2024.' The market observer contended that Latifah's and Leow's re-appointments have raised serious questions about SMI's adherence to the fundamental CG principles and the board's respect for shareholder decisions. 'Such practices could significantly undermine shareholder confidence and damage the integrity of Malaysia's capital market,' he justified. 'Given the importance of maintaining strong CG standards and protecting shareholder interests, we believe that a scrutiny by the relevant market regulators – namely, Bursa Malaysia and the Securities Commission Malaysia (SC) – into these developments is warranted.' At the close of today's (July 17) market trading, SMI was unchanged at 31 sen with no transaction done while its market capitalisation stood at RM65 mil. – July 17, 2025
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India.com
09-07-2025
- Business
- India.com
Meet Richest Man In Nepal: Only Billionaire In Country, Inspired By Ratan Tata, His Business Is….—Find Out His Net Worth
photoDetails english 2929333 Updated:Jul 09, 2025, 06:38 PM IST Meet Nepal's Only Billionaire 1 / 8 Binod Chaudhary is Nepal's richest man and its only billionaire. A businessman, politician, and philanthropist, he is the chairman of the Chaudhary Group (CG), a multi-industry conglomerate. In 2013, he entered Forbes' billionaire list with a net worth of 1 billion dollars. Today, his fortune has grown to 1.8 billion dollars (approx. Rs 15,000 crore). The Noodles That Built a Billionaire 2 / 8 Chaudhary's biggest success story is Wai Wai noodles. Inspired during a trip to Thailand, he noticed the instant noodle trend and brought it to Nepal. Wai Wai became a massive hit for its quick cooking and bold flavors. It later expanded to India and global markets, earning Chaudhary global recognition. From Small Store to Global Empire 3 / 8 Born into a business family in Kathmandu, Chaudhary took over the reins of the family business when his father fell ill. He gave up his dream of becoming a chartered accountant and dove into entrepreneurship. Under his leadership, the Chaudhary Group grew into a powerhouse with over 80 companies in 30+ countries. More Than Just Noodles 4 / 8 While Wai Wai is his flagship, Chaudhary's business empire is diverse. He partnered with Panasonic, brought Suzuki cars to Nepal, and founded the Singapore-based Cinnovation Group in 1990. In 1995, he took control of Nepal's Nabil Bank, further strengthening his financial influence. Business with a Global Vision 5 / 8 Chaudhary Group has interests in finance, telecom, hospitality, infrastructure, and consumer goods. His CG Hotels and Resorts operates luxury properties worldwide. Chaudhary's goal: to put Nepal on the global business map while staying rooted in local values. His Role Models and Influences 6 / 8 Chaudhary credits his father and grandfather for shaping his early values. He draws inspiration from Ratan Tata, JRD Tata, and Nelson Mandela. Among celebrities, he's a fan of Amitabh Bachchan and Ranbir Kapoor, admiring their charisma and resilience. Beyond Business 7 / 8 Binod Chaudhary is also an author and filmmaker. His autobiography, Making It Big, shares lessons from his journey. As a philanthropist, he supports disaster relief, education, and health care in Nepal through the Chaudhary Foundation. A Billionaire Who Believes in Purpose 8 / 8 Despite being Nepal's only billionaire, Chaudhary stays humble and focused on impact. He believes business must serve a higher purpose. Inspired by legends, driven by vision, Binod Chaudhary is more than just wealthy—he's a force of change for Nepal. (Images credit: File Photo/Forbes)
