2. •Gurdeep Singh "Ponty" Chadha (22 October 1958 –
17 November 2012) was a liquor baron from Uttar
Pradesh, India.
•Chadha gained popularity and expanded his liquor
business to 20 billion in three states of North
India including Uttar Pradesh, Punjab and New Delhi.
He co-owned the companyWave Inc. with his brothers
Hardeep and Rajinder.
•He was killed in a violent shoot out at his own farm
in Chhattarpur area in New Delhi in 2012.
3. Early life
Chadha's family migrated from Pakistan to Moradabad
during the partition.
He used to sell snacks with his father in front of a
country-made liquor shop in his hometown. They
made a significant profit.
Once his father Kulwant Singh Chadha managed to get
a license to run a liquor shop.
Various sources indicate that Chadha's hands were
disabled due to an electric shock as a child.
4. Business
Apart from liquor, he was also involved in food
processing, paper manufacturing, sugar mills,
distilleries, power manufacturing, bottling plants, real
estate as well as film distribution.
The Chadha family managed the Chadha Group which
operated under theWave brand.
Their flagship companies include Wave Industries,
Wave Infratech andWave Distilleries and Breweries.
5. Liquor license monopoly
Just before the 2009 General Elections, due to a change
in Uttar Pradesh government policy to control the
trafficking of spurious liquor, the system of multiple
wholesale dealers was abolished. This led to the
monopoly of Chadha group who acquired the license
to sell wholesale alcohol single handedly in the whole
state. The monopoly not only deprived other people to
sell liquor in these states but it also gave an
opportunity to Ponty Chaddha to allegedly exploit the
masses by charging exorbitant prices which were way
above the MRP.
6. Multiplexes and income tax
criminal investigation raid
TheWave brand operates Multiplexes under the brand
name 'Wave Cinemas' in New Delhi, Noida,
Kaushambi, Ludhiana, Lucknow, Moradabad and
Haridwar.
Wave Cinemas operates 28 screens with a capacity of
8107 seats.
One of the Wave multiplexes situated in Centre stage
mall in Noida was raided by Directorate of Income Tax
Intelligence and Criminal Investigation officials over
alleged tax evasion in February 2012. After the raid, the
Income Tax department had said that it had seized Rs
110 million in cash, jewelery and fixed deposits and
had sealed 13 bank lockers.
7. Real estate
Wave Infratech is the real estate arm of the Chadha
Group.
Wave Infratech has undertaken construction of
commercial and residential projects and malls in
Noida.
Chadha group also enjoyed a monopoly over the
mining business
in Bundelkhand and Sonbhadra regions of Uttar
Pradesh.
8. Deceased
On 17 November 2012 it is said that Ponty and his
brother had allegedly killed each other in a crossfire
over an argument regarding some property that
Hardeep controlled.
Chaddha was handicapped in both hands and could
not have fired to provoke his brother.
Sukhdev Singh Namdhari, sec. chairman
of Uttarakhand's minority commission was also
present at the farmhouse during the incident.
On 23 November 2012, Namdhari was arrested for
shooting at Ponty Chadha's brother Hardeep Chadha.
10. MANUFACTURING
The industrial arm of the Wave Group has flourished
to new heights and operates in business sectors as
diverse as sugar, green power, steel and paper
manufacturing.
Wave Industries has been crucial to the Wave Group's
success as it continues to expand rapidly. It is already a
market leader in several sectors within the country and
plans to establish a market presence globally in the
coming years.
11. Wave Infratech
A decade ago, Wave Infratech was established as the real
estate arm of theWave Group.
Since then it has evolved into one of the leading players in
the real estate sector and is to soon become one of the
largest real estate developers in the country.
It is building outstanding integrated townships which
include Wave City, Wave City Center, Wave Estate and
Wave Royal Castle.
Wave Infratech is widely acknowledged for its futuristic
and extraordinary real estate projects. It is introducing
India to the Smart City Concept in association with IBM –
the global leader for smart technology.
14. Entertainment
Wave Group ventured into the film production and
distribution business in 1999.
To date, it has produced and distributed over 150
Bollywood blockbusters including Ready, Devdas,
Gadar, Kahani and OH MY GOD.
17. Education
Genesis Global School
Genesis Global School, Noida is a premier day-cum-residential
school in close proximity to Delhi. It provides a
state of the art campus that sprawls across 30 acres of land
with lush green surroundings and facilities that help
nurture the future leaders of the country.
It has an international collaboration with Clifton College, a
premier academic institution in the United Kingdom.
The school offers Wi-Fi on-campus, e-classrooms,
multimedia library and computer labs that help enhance a
student's learning experience. The building is centrally air-conditioned
with a 24*7.
In addition to these, the school plans to provide golf, horse
riding and shooting facilities to the students soon.
18. Sports
DelhiWaveriders – Hockey India League
Live Hockey. Love Hockey.
As part of the Group’s commitment towards
promoting the national sport (Hockey), it acquired the
Delhi franchise of the Hockey India League – DELHI
WAVERIDERS.
19. Corporate social responsibility
The Ponty Chadha Foundation is an organization set up by
Mrs. Jatinder Kaur Chadha, wife of Mr. Ponty Chadha, to
channelize its capabilities towards social welfare and
economic development of the communities the Wave
Group works within.
The Ponty Chadha Foundation sets up medical camps
regularly to conduct free tests and check-ups.
It has also recently joined hands with India Food Banking
Network (IFBN) to provide essential food grains to the
lesser privileged in Noida and Ghaziabad.
The Ponty Chadha Foundation has also established schools
to facilitate education amongst children from all walks of
life.
Mata Bhagwanti Chadha Niketan (MBCN) is a school for
the differently abled and is the most admirable initiative of
the Ponty Chadha Foundation, as it has changed the lives
of more than 800 students to date.
20. PROJECTS
WAVE CITY
WAVE CITY CENTER
WAVE ESTATE
WAVE ONE
WAVE MALLS
WAVE CINEMAS
DELHI WAVERIDERS
THE PONTY CHADHA FOUNDATION
