Imagine building a Global Eco-System with 40,000 Ecopreneurs (Artisan Partners) of which 80% are Women, from 600 Remote Villages in 5 States of India. This Global Social Impact Success Story, has been built with strong Family Values to include: Totality, Empathy, Humility, Integrity, Simplicity & Shared Wisdom. Mr. Nand Kishore (NK) Chaudhary, the Founder & Chairman of Jaipur Rugs, has built a Global Social Enterprise, with his Wife & 5 Children since 1978, with an initial $66.00 loan from his Father. Jaipur Rugs, now exports its beautiful stunning rugs to 60 Countries around the world, and its only just warmed up!
Start at 2.24 if you wish to skip the introduction.
E8 | Family Business Legacies with Reg Athwal
(Produced by Reg Athwal TV - The Family Business Channel)
Our next guest is Mr. Nand Kishore Chaudhary, the Founder of one of India’s largest manufacturers of hand knotted rugs, and is often referred to as the ‘Gandhi of the Carpet Industry’ and referenced in bestselling books - 'Fortune at the Bottom of the Pyramid' and 'The Healing Organization'.
With just two looms and nine artisans in 1978, his journey four decades later stands at Jaipur Rugs becoming a global social enterprise, that has become a benchmark for thousands of other family businesses.
A journey of four decades, countless stories, and an indomitable spirit; full of love, compassion and perseverance, which he shares in this interview.
He believes that business is a process of self discovery, and in doing so, one can succeed in letting go of all anxieties, fears and ego that stop them from growing and experiencing what is pure.
“No one is born perfect nor ever will be, but striving to be better is what makes life worth living and that is what will lead you to true contentment. So don’t be scared to lose yourself. The person that emerges out of the maze might just surprise you”
(*Correction: Please excuse the digit typo in the opening screen image points - should be 5 Indian States, not 65)
Connect with Mr. N.K. Chaudhary via:
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In this episode we explore the following conversational topics:
1. Starting with only a $66.00 loan
2. Leaving his Father's Bharat Boot House (shoe shop business)
3. Splitting with his Brother and not compromising on his core values
4. Developing a new purpose, passion and social enterprise
5. Bringing your children into the family business
6. Dealing with conflicts and the relationship between Ego & Fear
7. Traditional Marwari Family from Rajasthan, and having to evolve
8. Business is Next to Love
9. Changing HR to The Search for the Divine Soul
10. Building Ecopreneurs and Artisans from all over India
11. Frontline Feedback from your Workers
12. Gandhi of the Carpet Industry
13. Two Plates and the Purpose
14. The Healing Organization & Fortune at the Bottom of the Pyramid
15. Family Values - Non Negotiable
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REG ATHWAL BIO:
The Wealthy Family Mentor & Family Business Messenger
Chairman, RTS Global Partners
Founder & Chief Educator, Family Business Academy
Founder & Chief Mentor, Fobillion
Executive Chairman, TAO Legacy Family Office
Building Family Business Legacies from 1st to 12th Generation
Bestselling Author & Global Certified Speaker
Approved Speaker for HBS, EO, YPO & VIstage
Reg Athwal is a Global Family Business Authority, Mentor to Wealthy Families and Private Executive Board Advisor to hundreds of Entrepreneurs, Owners & Family Owned Businesses (FOB's) in the Africa, Middle East & Asia (AMEA) region. He has to date privately worked with 178 family businesses (from 1st to 12th generation firms), impacting $6.2b in revenues and equity value. He has facilitated 2,000+ Private Family Board Meetings & Forums in the past 20 years.
