The liquor baron that all parties loved
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There are few lives that describe the rags-to-riches cliché as aptly as the one Gurdeep Singh 'Ponty' Chadha led. Only the journey Ponty made — from selling snacks at his father's stall outside a liquor shop in Moradabad to becoming one of India's biggest liquor barons — was anything but usual.
The Chadha Group, now consolidated as Wave Inc., with interests in realty, liquor, power, sugar and paper, has a turnover of
Rs 2,500 crore today, according to the group's web site. Ponty was the best known face of the business empire which he owned along with his brothers Rajinder and Hardeep. Hardeep too died on Saturday, allegedly in a deadly shootout with Ponty.
After their father Kulwant Singh Chadha died, Rajinder and Hardeep looked at the family's sugar and paper businesses respectively, while Ponty focused on real estate. His foray into film distribution remained unsuccessful, but he was planning to expand his interests deeper into education — going beyond the residential Genesis Global School that the family runs in Noida.
In an interview given to The Indian Express in 2009, Ponty recalled his days of struggle, when he nearly died after receiving a powerful electric shock, had to leave school, and undergo several surgeries before fighting back.
"I was playing outside our home in Moradabad when I received a huge electric shock. I lost an arm, and was operated upon several times before I was discharged from hospital. My mother would worry about my future. Now, she proudly tells everyone that it is I who has secured the lives of my extended family by helping them establish their businesses," he said.
It was in the liquor trade that Ponty established his reputation as the businessman all political parties loved. At his daughter's wedding this February, both the Akali Dal's Sukhbir Badal and the Congress's Amarinder Singh were present, as were INLD chief Om Prakash Chautala and Ramgopal Yadav of the SP, whose party had allowed several concessions to Ponty's businesses when it was in power in UP before 2007.