18 April,2022 12:13 PM IST | Mumbai | BrandMedia
Rihaan Sayyid
Leading Nepalese industrialist Rihaan Sayyid established the Midlaj Holding Private Limited in the year 2018. The Growing Holding Company holds a key position in many subsidiary companies & brands. Since its inception, the company has been instrumental in positively defining the diversification of operations, launching the desired product line, and motivating to explore markets.
The Ace Entrepreneur founded Midlaj Holding Private Limited as an Investment Holding Company. Today, it plays a crucial role in leading its subsidiary companies Midlaj Trading Private Limited, Midlaj Plywood Industry Private Limited, and other four subsidiaries.
On the one hand, Midlaj Trading Private Limited, which was launched in the year 2020, is known for its time-tested services through its import business. The company main business is importing Renowned Amul Dairy Brand From India as an official importer for Nepal, which boldly claims to exchange or refund the amount if their product becomes defective or of low quality.
On the other hand, Midlaj Plywood Industry Private Limited came into existence by buying a bankrupt plywood factory named Nepal Plywood Industry Private Limited after taking due diligence about the risks involved. Today, Midlaj Plywood Industry Private Limited has become a household brand for its sturdy and reliable products. Under the Midlaj Industries Private Limited, the company manufactures various plywood brands such as NaturalPly, EconomicPly, RastraPly, and NepalPly.
Under Midlaj Holding Private Limited, the other four subsidiaries have seen remarkable returns on investment. The first is Midlaj Technologies Private Limited, a leading Social Media Agency in Nepal brand also known as Dhambojhi Agency. The second subsidiary is Midlaj Estate Private Limited which is redefining the Real Estate business in Nepal brand also known as Junkur Property . The third subsidiary is Midlaj Capital Private Limited, a renowned Investment service brand also known as Investinance Financial. The 4th subsidiary which has been instrumental in the success of Midlaj Holding Private Limited is Midlaj Agriculture Private Limited which operates in the field of crop and livestock farming which is coming soon.
Managing such large-scale industries through a holding company hasn't come easy. Rihaan and his adept team have achieved this feat after many undergoing struggles in business, which they took as a challenge. With time, they accomplished the feat and impressed their customers during the journey.
When asked about his inspiration, Rihaan says, "Despite being the son of successful businessman Rahaman, I had to define my own way to carry the responsibility of leading the group. I am fortunate that both my Modern and Islamic education acted as a strong foundation for this journey. To this day, I seek to continuously increase my proficiency by undertaking both education systems with my business. This involves understanding that time is money. Time plays a pivotal role in defining the fate of an endeavour. If we don't give due attention to how we spend our time and underestimate its value, then it can result in losing the opportunity at hand. Having clarity of the direction one wishes is also important in this pursuit. Having absolute clarity and unwavering commitment helps us reach our goals faster. Ambiguous goals and aspirations delay our success as we are unable to channelize our energies in the required direction."
Where most businessmen want to meet only materialistic goals, Rihaan also seeks to make an optimistic impact on the world. "While materialistic goals are important as we have various stakeholders who are dependent on the profits of the company. However, I want to create an inclusive path of both welfare and profits." he opines
The Social activist has also launched Heartial Charity Organization- a Non-Profit Charity Organization to serve humanity and share happiness with lesser privileged sections of the society. He registered the NGO along with Acid Survivor Muskan Khatun. The NGO is made to uplift the lives of those whose voices are unheard and have limited resources at disposal.
This young Entrepreneur is an inspiration to many for his undaunting style and ability to make informed decisions that involve calculated risk. Hailing from Nepalgunj, this 20-year-old Bachelor's student indeed redefines the investment industry through his unique and inclusive approach.
The visionary is leading by example by creating business opportunities for the youth of Nepal so that all can grow together as one nation.
