Category Archives: Family Businesses

The Job of Bhanu Choudrie

Veteran entrepreneur Bhanu Choudhrie was born in Dehli in 1978. He received his degree in International Business and Marketing. Just after graduation, he spent a short time interning with JP Morgan. He then moved to London where he became executive director of C&C Alpha Group. He leads this firm to invest in a number of different industries, including healthcare, hotels, and restaurants. As of 2010, he still held this position. One of the things he loves about his job is getting to meet so many different kinds of people.

Learn more about Choudhrie at acq5.com

During a 2010 interview, Bhanu Choudhrie recounted a recent visit to a healthcare facility in Bury during which he met many of its assistant, doctors, and patients. This is the sort of thing he loves. He also really loves help found and run restaurants. He particularly loves this because his company has traditionally had great success with such projects. The same goes for aviation-based projects. But it did not start that way. When they first purchased an airline, they all considered it a huge gamble that might very likely end up as a huge mistake.

Another investment that ended up being hugely successful for them has been their purchase of www.ebookers.com which they later sold for half a billion pounds. In 2010 he joined the board of New Century Bank. This was not the first time someone in his family has been involved in banking leadership. He recalls how his great-grandfather led Punjab National Bank, the third largest bank in India. until 1969 when it was nationalized. In addition to his new role, Bhanu Choudhrie has also invested in the New Century Bank.

Bhanu Choudhrie says that more and more investors are looking to Asian countries for financial success. In addition to his professional life, Choudhrie is an active philanthropist. His giving both financially and through his personal time is largely based on his Hindu believes that the more you give, the more you get.

Read: https://teamengland.org/news/bhanu-choudhrie-to-chair-cge-business-advisory-board

 

Sam Boraie involvement in real estate industry

Sam Boraie is currently the Vice President of Boraie Development which is a family business. It is a family business because his father, Omar, was the founder of Boraie Development LLC. According to Bloomberg, the firm is a real estate development firm that had overseen the creation of multiple projects in New Jersey and New Brunswick. Apart from the enterprise being a pillar of the New Brunswick community, it has expanded its services in Atlantic City and Newark. Together with Shaquille O’Neal, a basketball star, the two have worked together to bring a new residential building at O’Neal’s hometown, Newark.

The building is the first high-rise residential building amounting to nearly sixty million dollars. The building is estimated to bring people together through being rented, once it is completed. When O’Neal wanted to give back to his Newark community, Boraie development was there and willing to assist him in his aspiration while being a great investment for the enterprise. In addition to the rental complex, the community in Newark received a new movie theater, market rate housing and a retail development because of the partnership created.

Sam has mostly dedicated a lot of his time in the family business, but this has not made him forget his community. He is involved in various charitable causes and charitable organization. Being involved in these activities is similar to giving back to the community something he highly desires. Mr. Boraie is highly interested in State Theatre of New Jersey and due to this; he sits as one of the Board of Trustees member among other prominent business men. The State Theater is a local cultural phenomenon putting various productions in New Jersey and New Brunswick. The theater is seen to primarily relying on charitable donations that mostly come from Sam Boraie and the Boraie development company.

One of the charities Sam Boraie involves himself is Elijah’s Promise. The organization is determined at breaking the cycle of poverty and hunger in communities all over New Jersey. It aims at providing safe and healthy food, ending hunger, empowering people to sustain satisfactory employment and creating businesses that encourage social benefits. Mr. Boraie sits on the organization’s Board of Directors (https://www.statetheatrenj.org/board-of-trustees) and involves himself in planning future goals. He enjoys helping people who have been neglected by the society.

Read More: http://www.nytimes.com/2005/03/06/realestate/at-two-extremes-of-a-housing-market.html