30 July 2017: One has to be a tough cookie to be able to lead construction of an entire village high up on a Nepalese mountain. Roads can get muddy where vehicles get stuck at every turn and the system you work with is not always business-friendly. Natural as well as man-made challenges are at every step. This explains why MIT Group CEO Shesh Ghale has had to spend so much of his time in Laprak where NRNA is building 500 plus homes for victims of Nepal earthquake.
The time he spends in a tent near the construction site, it seems, has done something good to the tycoon — it has toughened him up to face any sort of challenges back in Australia where he never runs out of projects as he rises through the ranks of BRW Rich 200 List.
In a recent interview with The Australian, Mr Ghale expressed that his upcoming $40 million renovation of a hotel he now owns is nothing compared to his work near the ground zero of the 7.8 magnitude temblor.
“Building a village there is a much, much harder task than anything you do here. So I think from there, you get new energy. This (Melbourne project) is nothing compared to what we do there,” The Australian quoted him as saying.
The Nepal-born businessman’s latest acquisition, at 2-8 Spencer Street in Melbourne CBD, is currently rented by All Nations Backpackers Hostel and is considered as one of the most recognised street corner of the Victorian capital. The art nouveau five-story building was built in 1913, over a century ago. Responding to a query from southasia.com.au immediately after MIT Group acquired the property, Mr Ghale said that the current tenants will be at the address until mid-2020 following which his organisation intends to convert the property into a 3.5 to 4 star hotel with “150-200 keys”.