"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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