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Nand Kishor Gupta

Full Name: NandKishor Gupta

Born: January 1, 1957 – RundalManpura (Jaipur)

Nickname: N.K. Gupta

Designation: Chairman

Company: Manglam Group

Educational Background: Chartered Accountancy

Relations: (Late) Shri Rood Mal Agarwal (Father) Smt. Tara Devi (Wife) Ajay Gupta (Son) Sanjay Gupta (Son)

Nationa Side: Indian

Nand Kishor Gupta (Born January 1, 1957) is the chairman and mastermind behind Manglam BDM™, who is a successful Chartered Account since 1979. He worked as a Deputy Manager in a government corporation (Rajasthan Financial Corporation & Haryana Financial Corporation). But his ambitions were supposed to fly much higher. From the time his conscience enabled, his goal was to pursue his own business. Having this in mind, he began his first venture by the name NKG& Associates. While running his business, he took up many assignments related to tax, searches, surveys, audits, and other miscellaneous work.

However, as a business on a much larger scale was always his final aim, he made an earnest foray into construction in 1995. Subsequently, he became a part ofseveral companies & partnership firms, while being in line with the current trends in the real-estate sector, introducing separate entities for separate projects. With the advent of time, the group came to get known as Manglam Builders & Developers. And, then, this Flagship Company got renamed as Manglam Build Developers Private Limited.

Early Years

N.K. Gupta was born on January 1, 1958, in RundalManpura, a small village near Jaipur. He was born to a very modest family where means of earning were limited. His father, (Late), Shri Rood Mal Agarwal, owned a small retail shop in the village. He was the youngest in the family of nine brothers and sisters. His village didn’t have any school, and hence he had to walk 5 km to another village for middle education. He passed middle school from the Village school and secured 40% marks in 8th standard. After that, he left for Jaipur to pursue higher studies. He tried to take admission in many schools but could not get it due to poor marks. Shri LalluLalAgarwal, his elder brother got extremely angry & ordered him to return to the village to help his father in his Kirana business, who got blind at the age of 40 due to Glaucoma. Hearing such harsh words coming from his elder brother's mouth, he took a pledge of attaining first division once he gets admission if any of the schools. With many recommendations, he got admission in 9th standard in the Khandelwal School, situated opposite to Janana Hospital, which was the lowest in rank at that time. With hard work, he secured 1st division in 9th standard and the 1st position in the class. He gives his elder brother the full credit, who turned his life, and I give him all the credit for securing 1st position in the class.

With his quest towards studying more and more, he took admission in Agarwal College, Jaipur in 1976, and completed his graduation as a Bachelor of Commerce. Soon after graduation, he got engaged to Smt. Tara Devi. Along with his job as a Deputy Manager, he enrolled for a Chartered Accountancy course and in the Year 1979 became a professionally qualified Chartered Accountant. His efforts and hard work became fruitful when he finally fulfilled his dream of running a successful business and became the chairman of the Manglam BDM™.

Early Career During his childhood, he used to do small chores around the village and sell small items in Hatwara after returning from school. After his graduation, his brothers began a grains’ shop at Chandpole Bazar, Jaipur. The shop was on rent, and the shop owner filed a civil suit in district court regarding shop eviction. The shop owner was a powerful person, and his brothers were terrified that they may lose the shop due to false criminal charges. His brothers were really worried about losing the shop, and they found his marriage a solution to save the shop. That’s why they fixed his marriage with a Civil Advocate, Shri Bihari Lal Agarwal’s Daughter Smt. Tara Devi. His family forced him to get married at the age of 20, even before pursuing Chartered Accountancy completely, to fulfill their selfish motives.

When N.K. Gupta got married, his father turned blind due to Glaucoma, and until he completed his four years’ Chartered Accountancy course, he remained financially dependent on his brothers. The plus point was his wife wasn’t at all demanding, and she had his back while he was preparing hard to make up his career. He took a room for study on rent, which was 4-5 Km away from his house. He remained there alone for study purposes, without his wife, who had bare necessities & always supported him.

During these tough times, he didn’t get any help from any of the family members.Though his father-in-law was a law graduate and successful civil lawyer, he never inquired about his problems and finance during his CA course. Then, he realized that he had to pass and win this journey independently, with his work & qualifications.

Soon the day came when he became a professionally qualified Chartered Accountant in 1979. And, due to his wife’s support and his ambitious spirittowards doing something extraordinary, he started his career, working as aDeputy Manager in Rajasthan Financial Corporation & Haryana FinancialCorporation.

After becoming a professional Chartered Accountant, his business-minded approach got wings. He left Rajasthan Financial Corporation to kick-start his CAC practice under the flag of NKG& Associates' name. While running the business, he took up many assignments related to tax, searches, surveys, audits, and other miscellaneous work.

While working as a chartered accountant, one of his clients was a Zamidaar and Rajput by the cast, who owned land in a commercial market in Jaipur. He had some financial requirements and wanted to dispose of that land. But he was very confused as it was his ancestral property, and he wanted to keep his name associated. So During his meetings with N.K. Gupta suggested he develop a project on the land as mentioned above and told him that it would keep his name associated with the land, and he will get twice the amount if he sells bare land. The Zamidaar found the idea very lucrative but was concerned about doing all the work and people giving him a deposit. So Gupta suggested his support in the form of his partnership. Believing in each other, they both began the construction work business together. It was the second turning point in his life as he started doing some construction business in addition to his CA practice. Later on, he retired from active practice as Chartered Accountant in 1998 and started Construction Work as a builder. About 15 partners have associated with him in the construction business, and with all their blessings and support, Manglam Build Developer Limited is as of today.

Personal Life •	Family Gupta has always considered the blessing of god and family members as the elixir of life. At the age of 20, he married Smt. Tara Devi. They have two sons Ajay, an IIT Bombay graduate, and Sanjay, a Chartered Accountant. With the course of life, they now have grandchildren too with whom N.K. Gupta loves to spend time and watch movies.

•	Role Model His two sons, Ajay & Sanjay, because both always inspired him to do better in life.

•	Key People Gupta feels that whatever he has done in life is because of his family. Especially his wife, who has been very supportive. She always had full confidence in him and stood with him all the time. He learned to keep on working hard from Sh. BajrangLal Agarwal (Advocate), who remained his partner for about ten years. He learned humanity, transparency, and trusting others from Sh. Jugal Kishore Derewala, who has been his partner for 20 years. All his partners always ensure to maintain transparency and honesty in the business.

•	Key Lesson(s)

“Success doesn’t come easy, and the most important thing in business is to build relationships.”

“I feel that whatever one does, he/she should do it with 100% honesty and commitment. You cannot achieve success by lesser than 100% commitment, transparency, and integrity.”

•	Best Decisions According to Gupta, the decision to leave Government Service and to start his practice as Chartered Accountant changed his life, though it was highly risky, but was worth it in the end.

The second turning point of his life was when he left his CA practice and started building a line. Though he didn’t have much money, still with the help of financial institutions, friends, partner, and relatives, he could get able to deliver about 15000 residential flats, 1000 Industrial Plots, and 12 townships since the start.

•	Best Moments When his first granddaughter was born. She has been the most loved person of his life, with whom he spent/spends most of his quality time.

•	Contributions to “Giving Back to the Community” In Manglam, CSR (Corporate Social Responsibility) is not viewed as a responsibility but as a duty that all responsible corporate citizens must follow. Since its advent, the Company has been actively engaged in the area of social and community development. Corporate Social Responsibility (CSR) is the Company’s contribution to the local community's social and economic development in which it operates and to society at large. Manglam has identified the following areas for carrying out our CSR activities Eradicating poverty, hunger & malnutrition, promoting healthcare & sanitation, comprising contributions to the Swach Bharat Kosh as introduced by the Central Government for sanitation promotion of sanitation and availing safe drinking water, elevating education standards, employment & vocation skills among women, children, elderly, and the differently-abled people. Increasing awareness about gender equality, women empowerment, setting up homes & hostels for orphans & women, setting up daycare centers, nursing homes & other facilities for senior citizens, and reducing unfair treatment faced by socially & economically weak groups.

•	Mission Statement He intends to cooperate with the development of society. He intends to build affordable and good-quality houses for people belonging to the middle and lower-middle class.

•	Recipe for Success The answer is simple: “Hard Work.”

“And to make the recipe more effective, mix a handful of transparency, integrity and honesty to it.”

•	Advice to Aspiring Entrepreneurs

“Be hard worker, honest and transparent in life. Nothing can stop you.”