Ponty Chadha
| Ponty Chadha | |
|---|---|
| Born |
Gurdeep Singh Chadha 22 October 1960 Moradabad, Uttar Pradesh, India |
| Died | 17 November 2012 New Delhi |
| Nationality | Indian |
| Occupation | former managing director of Wave Cinemas. |
| Website | www |
Gurdeep Singh Chadha aka Ponty Chadha (22 October 1960 – 17 November 2012) established one of the most elaborate business conglomerates in India that grew on to be a 6000-crore empire by 2012 under the flagship banner 'Wave'. His life is one of the most high-profile ‘rags-to-riches’ stories of converting roadblocks into strengths.
During the partition, a person named Kulwant Singh Chadha migrated from Pakistan to set up a mini sugar mill in the Moradabad district of Uttar Pradesh. It was around that time when Ponty, the first offspring of the family was born. As a young boy, he used to help his father in the business. As a man, he went on to manage the entire Wave Group.
This son of Kulwant Singh and Prakash Kaur was a man of multiple talents. While India struggled with the Emergency in the 1970s, Ponty began his real education after school. Always looking towards the future, he was quick to grasp anything that came his way. A true workaholic, he spent many a night on the streets, burning the midnight oil to find ways and means to expand his business.
In his quest for growth, he was resilient in his expansion plan. Moving on from sugar mills, his passion for cinema became well known as his company forayed into film distribution and production. A stickler for discipline, ethics and punctuality, he always rode high over the world of business.
Selfless in character and humanitarian at heart, Ponty Chadha thrived on his vision to make it big in the world at a mere age of 15 years. Understanding the business of life, he struck a chord with his partners too. He was tough but compassionate, disciplined yet flexible, stubborn still humble [citation ?]
Wave Group is involved in food processing, paper manufacturing, sugar mills, breweries and distilleries, power manufacturing, bottling plants, real estate as well as film distribution. Their flagship companies include Wave Infratech, Wave Cinemas, Wave Distilleries and Breweries, The Delhi Waveriders, Film Distribution, Wave City, Wave City Center, Wave Estate, Wave One, Wave Malls, and Wave Industries. It is also said that Ponty had developed close ties with former Chief Minister of Uttar Pradesh, Mayawati and former Chief Minister of Punjab, Amarinder Singh.
Just before the 2009 General Elections, due to a change in Uttar Pradesh government policy to control the trafficking of spurious liquor, the system of multiple wholesale dealers was abolished. This led to the monopoly of Chadha group who acquired the license to sell wholesale alcohol single-handedly in the whole state.
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