Mr. Balram Chainrai
CEO, Chainrai Group of Companies
MD, Hornington Enterprises Ltd
Mr. Balram Chainrai, (Balu) is the son of Mr. PG Chainrai, who is one of the pioneer Indian businessmen in Hong Kong and the founder of the Chainrai Group of Companies in 1949. Educated in Hong Kong, Mr. Balu speaks several languages and is fluent in Cantonese, English and Sindhi. Having started his business career quite early in life, Mr. Balu soon established himself as a leading business man in Hong Kong.
His core company, Hornington Enterprises Limited was incorporated in 1984 in Hong Kong, and soon other associate companies were set up. The company is involved in the manufacture and trading of electronic good, home appliances, toys; distribution of computers and related accessories, and trade finance activities. Directed by his dynamic leadership, the company soon grew both in terms business volume and diversity, with an annual turnover in excess of US$ 200,000,000.
The company’s trading operations spanned several countries in Asia, Middle East, Europe, East Europe, Ukraine and Russia. With his dynamism and keen business acumen, Mr. Balu has been able to take advantage of trading and investment opportunities as well as survive market slumps in various regions. His courageous ventures into new pastures helped him gain footholds in new markets in the early stages thereby reaping full benefits.
Mr. Balu was among the pioneers of Hong Kong to venture open a trading Office in Moscow in Kiev, - a move which proved to be very successful for the Company. The company now sells complete range of household and electronic goods from all major brands like Akai, Hyundai and Telefunken as well as it own brand, Scarlett, throughout Russia and other CIS countries.
Mr. Balu is a philanthropist and involved with many charities worldwide. He is a Rotarian, and member of several other social organisations. He was vice chairman of the Indian Chamber of Commerce of Hong Kong (which is officially recognized by the Government of Hong Kong SAR ) from 2001 to 2006 before he became the President of the Chamber in 2007. In that capacity, Mr. Balu was part of several trade delegations together with top government officials and businessmen of Hong Kong to other countries.
Up till this date he still holding position of Vice Chairman of the Chamber. He is also the major sponsor of "The One" project. This is charity organization to find The one person each year, who has contributed to the world unselfishly.
With his several years of successful business experience, Mr.Balu has brought innovation and effective management techniques into his various and diverse ventures. His involvement and interests now include investments in Property, Hotels, Entertainment industry and Solar Power projects. Recently, Mr. Balu has also bought the Portsmouth City Football Club, an English Premier League Club.
The Chainrai group of Companies
Hornington Enterprises Limited
Company was founded.
Balu Chainrai became vice
chairman of the Indian Chamber
of Commerce of Hong Kong.
Balu Chainrai became the
President of the Chamber.
Mr. Balu established himself
as a leading business man in Hong Kong.