Young , dynamic and a businessman at heart, Hemant Golchha is the Executive Director of Golchha Organisation, a leading corporate house of Nepal with a nearly 100 year long history. He is one of the successful young entrepreneurs who dreams success for his ventures and goes about achieving them. Ram Lal Golchha, the great grandfather of Hemant Golchha, sowed the seeds of Golchha Organisation almost a hundred years ago. He started the business with exporting jute from Nepal to industries in India. The business gave him lucrative returns and inspired to venture into other projects. Golchha says that his great grandfather had played an important role in establishing the first industry of the nation Biratnagar Jute Mill. Ram Lal Golchha established his own jute industry followed by steel industries.
He never looked back and a perpetual growth always followed the Golchhas. Hemant Golchha is a fourth generation businessman and his five younger brothers have also joined the business. He has put his efforts with new vision and thoughts to steer the family business in new areas. He has the promise to lead the organisation with the same dignity and success that his earlier generations had achieved. Golchha grew up in a close-knit joint family and his childhood was not completely different than any other child's. He recalls having fun during the days when relatives gathered at home for festivals. He says, It was a lot of fun and I enjoyed growing up in a joint family. We used to have a good time with school friends as there was nothing to worry about. He would visit Biratnagar for festivals where half of his family members were living.
Despite being from a privileged family, he was taught to be honest, humble, simple, truthful and unpretentious about being wealthy. Our modest ways made sure that the family enjoyed a certain level of respect in the community. We never ran businesses solely for the purpose of making money, says Golchha. Golchha completed his schooling from St Xavier's School at Jawalakhel and then attended St Joseph's College of Commerce in Bangalore for his intermediate and undergraduate degrees. He regrets that he could not pursue a master's degree once he started shouldering business responsibilities. He recommends youngsters to complete studies before joining business.
Once you get involved with a business, it is difficult to find time, he reasons. After returning from Bangalore, he spent around two years training with various industries in Nepal and Australia and joined his family's business in 1992 at the age of 24. G o l c h h a w a s g i v e n t h e responsibility of managing Koshi Metal, a tin container manufacturing industry in Biratnagar. To his credit, he successfully made it a profitable proposition from being a loss bearing industry. In his much younger days, he aspired to be like his great grandfather.
I always wanted to be like him and follow the path he has shown the path of integrity, dedication, honesty and no compromise between business and hard work, he explains. Vijay Mallya, a celebrity businessperson from India inspired him to live life king size and enjoy the wealth earned from business. It is not a bad thing to enjoy our earnings. He was one of my idols during my college days because of his lifestyle, says Golchha. He believes he was destined to be a business person since he was born in a business family. Everything moved gradually in the direction it was supposed to move and entering the business was his obvious goal. Golchha's maternal grandfather and uncle were into film making which has ignited a desire in him to turn a filmmaker some day. I have not thought about making movies as a profession but only as a hobby. I will definitely make a movie some day, he states enthusiastically.
He was also active in motorsports during his college days that speak volume for his versatility. He asserts even if he was not born in a business family, he would have still pursued a career in business. Though, of course, he credits his family for what he is today and acknowledges that his business lineage made his job that much easier. Golchha's career that began with container manufacturing continued with added responsibility in other sectors as well. He was assigned to lead Shree Ram Sugar Mill in Rautahat since 1994. He made a historic move in the family's business by making inroads into remittance, tourism and housing sectors that were never part of business with Golchha Organisation. Equal to 25 per cent of Nepal's GDP is received in the country as remittance and another 25 per cent is from travel and tourism. If you do not have a presence in the areas that are equal to some 50 per cent of the nation's GDP, you cannot call yourself a large business house. This is what influenced my decision to venture into these areas, he says. Hulas Remittance has become one of the largest Western Union agents and figured among top ten money transfer companies in the country within five years of its commencing operations.
Golchha started a travel and tour company last year, Travel World Experiences, which focuses on inbound tours. He is optimistic that it too will prove to be a successful venture in due time. Meanwhile, he also decided to make a foray into the real estate sector in association with a few friends which resulted in the establishment of Shangrila Housing. Golchha believes that maintaining a leading position largely depends on performance. He says, You might do very well one year but you may not do so well the next. He is dedicated and focused to make sure that his businesses attain success and has no desire to hog the limelight. I want my projects to be more recognised than myself. My total joy lies in the success of my business ventures and the positions they hold in the market. Travel opportunities that come as part of doing business is one of the most charming aspects, he says.
I also enjoy being at my office and like working with the team members who are more like my friends, he states. The financial crunch being experienced by the economy worries him a great deal and this is one aspect he does not like about doing business. With a very forthright vision about doing business, he philosophises, If I don't enjoy doing a particular business, I will rather do something else. Golchha believes that employees are the soul of a company and having a good team is essential for its success. If you compromise while putting together a team, your business will never succeed. We are only entrepreneurs and without a good team, we cannot do everything on our own, he says. He is of the opinion that it is important to provide good remuneration and environment for motivating the human resource. He says, It is vital to give people a sense of belonging.
He prefers to decide from the heart while dealing with colleagues, employees and customers. A workaholic during the initial days of his career, he has now changed his working style somewhat due to added family responsibilities. He gives a lot of time to his family and returns home early to spend quality time with his two children. He also plans a holiday every year with his family to explore a new destination. Likewise, he also takes out time for his friends and likes to hang out with them at coffee shops. Golchha likes to watch entertaining movies and listen to Hindi music during his free time and also plays games with his kids. He is quite a party animal and usually spends his Friday evenings at different parties booked by friends. He hits the gym regularly and runs for around half an hour every day. He has a long list to do before he dies. Going on a long road trip from Kathmandu to Europe via Iraq, Iran and the exotic lands, is one of them.