"The first generation builds the family business, second generation consolidates it, third one destroys it,” says Nepalese business mogul and philanthropist Binod Chaudhary on Crazy Smart Asia. With his son and successor Nirvana, he spoke to Tatler Asia president Tamara Lamunière about navigating relationships as a business family, how to have those awkward succession planning chats and trusting your intuition.
00:00 Introduction to Crazy Smart Asia and today's guests
01:03 The dynamics of family businesses in Asia
02:15 Inside the Choudhury family business: a billionaire father son duo
03:59 Navigating generational shifts
07:12 Binod and Nirvana’s distinct focuses
10:04 Exploring the path to IPO
12:03 The family philosophy
25:52 The Chaudhary’s shared values
27:34 Closing remarks and credits
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