Sudhir Choudhrie, His Business Interests, Philanthropy and Politics

Sudhir Choudhrie has always been a confident and highly self-confident man. He believes in responsibility and has taken the responsibility of changing society in the four areas of education, social issues, civic responsibility, and the environment. Choudhrie has made philanthropic contributions towards educational and social work in the last thirty years and continues to do so. In addition, he has supported many social and cultural institutions in India and overseas and is also involved in the environmental conservation movement.

While some of the wealthiest people in the world have decided to remain quiet after coming to the news of their sudden demise, the Sudhir Choudhrie family was among the most active citizens of India. Their financial gains earned them a life of luxury, while they also enriched the lives of millions of Indians by donating generously to charitable organizations. For all their philanthropic work, the posthumous condolences that many of them have received from the people of India are a fitting tribute to their generosity and wealth.

Choudhrie was also the honorary chairman of the Indian Overseas Bank (IOB) from 2004 until his resignation in 2014 after receiving an investigation notice from the Central Bureau of Investigation (CBI) for his links with Saradha Group, a Ponzi scheme accused of defrauding investors out of over Rs. 6,000 crores.

Sudhir Choudhrie is the Chairman of Choudhrie Care Foundation (CCF), a registered charity in India. CCF was set up in 2006. Since then, it has been working to improve the lives of underprivileged children, especially in Delhi, by providing access to education and treatment, ensuring they have access to healthcare, and encouraging them to lead healthy and happy life.

When he was just 23, Choudhrie left his job with his family’s business to co-found Sudhir Choudhrie Properties Ltd, becoming a major property development company in India. In 1992, Choudhrie sold his 75 percent stake in Sudhir Choudhrie Properties Ltd for Rs 1.75 crore (approximately $300,000), taking a small portion of his annual revenue and developing properties in the Delhi-NCR region.