Born to Succeed
Min Bahadur Gurung started his business at a time when
supermarket shopping was only meant for the elite. His journey from a grocery
store owner to the Managing Director of Bhat-Bhateni chain of supermarkets is
full of joy, sorrow, dedication and struggle.
Bhat-Bhateni Group operates as a Private Limited Company of
Nepal. Mr. Min Bahadur Gurung is the Chairman and also the Managing Director of
Bhat-Bhateni Group, the largest retail chain of Supermarkets in Nepal. He is an
extraordinarily dynamic, self-made businessman. His passion for history led him
to explore ancient and recent civilizations and culture. He also serves as a
Chairman of Kumari Bank Ltd, one of the renowned commercial bank of Nepal.
Young Min Bahadur Gurung had strong faith in
making history one day. His parents too had a dream that he will be a
great personality of the country in due course of time. It was the major reason
behind his parents’ decision to send him to a good school although his was a
big 10-member family. Born after five sisters, he was raised as a pampered son
in the family and provided with facilities that a son usually gets in the
Nepali society. Two younger brothers were born after him. During his early
schooling, Gurung was touched by the story about Madam Curie inventing bean
size radium after melting 17 tons of stone. Megnath Lamsal, his teacher at high
school, left a deep impression on him. The teacher’s lessons motivated him to
do well in life and reach greatness one day. “I was very fond of Lamsal Sir and
liked his classes much. I developed a strong belief in myself and was committed
to work hard for success,” he recalls.
Born in Dube, a village in Khotang district,
Gurung had schooling up to SLC at different schools nearby. Unlike other young
boys of his time, he was very energetic and hardworking. He enjoyed his
schooldays even though he had to walk two hours daily to go to the school.
Despite being a good student, Gurung failed in the SLC exams. It came as a
shock for all the teachers, students and his own family who considered him as a
bright student. He didn’t take it as a setback though and tried his best to
overcome the failure by studying harder.
Reflecting back on his SLC failure, Gurung says that it actually
made him the person he is today. He elaborates, “Because I failed my SLC exams,
I did not pursue science stream later. Had I cleared SLC in my first attempt
with flying colors, I would have other ideas about my future course of life and
ultimately miss this fantastic business opportunity that I have today.
Gurung started helping his family in farming after his
intermediate degree. In Bhadra 2031 BS, he started planting rice, harvesting
maize and other jobs required by the farming demands. During this period, he
fell terribly sick and survived the ordeal somehow. Gurung’s father decided
that enough was enough. Until now, he always insisted to keep his dearest son
close to him but following the incident, he advised him to go to Kathmandu and
study further.
Gurung had his first job as a record keeper who recorded
attendance of daily wage laborers. He shares, “I was given Rs 400 by my father
when I left for Kathmandu so I had to find a job anyhow to sustain.” He was soon
hired in Nepal Bank Limited and was given a position in Nepalgunj. However,
after two years, he managed to find a posting to Kathmandu and started pursuing
a master’s degree shortly afterwards. He would attend college in the morning
and work at the bank as his full time job.
A permanent
job at the bank encouraged him to settle down in life. He married Sabitri
Gurung, a girl from his own village who was pursuing her intermediate degree in
Kathmandu. Meanwhile, he also started selling goods which built the foundation
of his retail business. Gurung later turned his part time retail business as a
full time profession when he realized the potential that the business offered.
Mr. and Mrs.
Gurung with the help of one staff started a single shutter grocery shop of 120
sq. feet in 1984 (2041 B.S.) having initial investment of Rs. 35,000 with daily
sales of Npr. 2000.00. Mr. Min B. Gurung had a successful banking career after
completing of his university education (Master in Economics). He had the vision
and courage to leave this job to lead Bhat-Bhateni in a full-time capacity
following the expansion to a two floor (3,000 sq. ft.) supermarket in 1992
having investment of Npr. 2500000.00 with daily sales of Npr. 50000.00 and 11
dedicated staffs.
As fate would have it, his store caught fire in 2047 BS and
caused him a financial loss of around a million rupees. Gurung says the fire at
Bhatbhateni was a turning point for him and he learnt a lesson the hard way to
take his business more seriously. Three years later, he established Bhatbhateni
Departmental Store. “I am a different type of person who believes in growing
plants on rock. It is not possible to stop at a failure when you have a great
vision,” he says.
Even today, despite all the success, Gurung consults his wife as
before while making business strategies. He remembers the time when he had to
invest the same gold in his business that he had gifted to his wife earlier.
She joined his business within a few days of delivering their first child
Kamana. “It was quite amazing that she could join the store within a short
period after the delivery of our first child,” he recalls. He rues the fact
that he finds himself unable to give enough time to his family due to a busy
schedule. It is hard to find him relaxing much but when he does so, he
listening to music from stalwarts such as Narayan Gopal, Bachchu Kailash and
Ani Choying Dolma.
Starting his grocery store with an investment of Rs 35,000 in a
small single shutter, his business today is worth billions of rupees with five
huge outlets in the Kathmandu valley and one in Pokhara. It was dream come true
for him when the construction of his four huge supermarkets was completed last
year. The construction of supermarkets in Kathmandu was overseen by his wife,
son and daughter while he was busy taking care of the construction of the
Pokhara outlet. As many as 50 people from his family circle are involved in the
business, informs Gurung.
He says that support from the people and the facilities provided
at the Bhatbhateni outlets have made it a successful supermarket chain. His
stores registered overwhelming business during their respective openings. The
Bhatbhateni outlet at Pokhara was opened not too long ago and the story there
was no different either with thousands of people swarming the store for several
days. “We had to cease either the upstairs or downstairs lifts every hour to
manage the heavy crowd. There were people coming from Gorkha, Butwal, Syangja,
Tanahu and Lamjung as well,” he recounts.
Gurung believes that failures pave paths towards new directions
and trigger innovations. Bhatbhateni Supermarket employs 22,000 people
currently and Gurung hopes that the group will have 50,000 employees in its
ranks in 15 years time.
As part of its corporate social responsibility, the group helped
construct an emergency ward having 72 beds at Tribhuvan University Teaching
Hospital with a spending of Rs 100 million. Gurung has named the ward after his
parents whom he holds in very high esteem. He has also been providing yearly
scholarships to two MBBS students, especially the ones who originate from
remote villages. “We will all die one day so it is important that we set apart
a certain percentage of our earnings for social causes,” he reasons. Gurung
thinks it is rather unfortunate that not many people spare a thought for the
less privileged.
He plans to spend his retired life as a social worker. “I still
believe in doing jobs which others haven’t tried before and hope to work for
the well being of the society,” he says. He recommends people to believe in
themselves to make it successful in life and be a part of the history.
Gurung dreams of making Bhatbhateni a multinational company and
an international shopping hub as well as plans to spread his business all
around the world. His passion of expanding Bhatbhateni’s business reflects
strongly in his statement, “This has become a part of my body; it pains me if
something goes wrong in the company.”
Today more than
30,000 people visit the stores daily with over 1500 combined store staff with
the daily sales of Npr. 1.5 Crore (USD 187500.00), consistent merchandising and
assured customer service is guaranteed.
Bhat-Bhateni has
been a successful family business since the establishment in 1984 and has been
the largest tax payer in the retail sector for the last five consecutive years
in Nepal. . An ambitious expansion plan will see many new stores in Kathmandu
and across the country over the next few years. Bhat-Bhateni story has only
just started. It is Mr. Gurung's dream and ambition to make the Bhat-Bhateni
Group a truly professional multinational corporation. Much of Bhat-Bhateni's
success can be subscribed to the founders Mr. Min Bahadur Gurung and family,
vision for continuous improvements and growth in order to support local
development with current employment of over 1500 staffs, including several from
families of political martyrs and indigenous people.
GURUNG’S TIPS FOR SUCCESS
Honesty
: Be honest because the lack of it casts shadow on other qualities
Hard
Work : A great company needs great vision which, in turn, needs hard work
Patience
: It helps manage every success and failure
Positive
Thinking : Don’t start your business without it
Continuity : Continue your business under any circumstances
whatsoever
Source: New Business Age and
bhatbhateni website
Thanks for the info. He is really a great person.
ReplyDeleteinformative..
ReplyDeletethanks for the bio.. Can you do it for other entrepreneurs of nepal also? i couldn't find about others also anywhere..
ReplyDeleteVery nice story.... I follow this rule in future....
ReplyDeletestartups ideas
A good small bioigraphy. Thanks!
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