Meet the Ambani of Kashmir, he built a business worth billions even in the shadow of terrorism

Business News: Reliance Industries Chairman Mukesh Ambani is Asia's richest man. Mukesh Ambani's business ranges from oil to sports. Even when the Kashmir valley was under the shadow of terrorism and instability, one man with his determination and foresight not only built a successful business but also employed thousands of people. This is the story of Mushtaq Ahmed Chaaya, who is called 'Ambani of Kashmir'. Let's know what work he does and how much wealth he owns?

Who is Ambani of Kashmir?

Mushtaq Ahmed Chaaya was born in an ordinary family. He started his career in 1984 with a small hotel in Gulmarg and entered the tourism sector. Today he has a total of 14 hotels and more than 450 rooms in Jammu and Kashmir and Delhi. In Kashmir too, he has amassed a wealth of billions by renting rooms to tourists. Today his Mushtaq Hotel Group is spread across Kashmir, Jammu and Delhi, in which he also has partnerships with reputed brands like Radisson, LTH and Bloom.

Establishment of Grand Mumtaz Hotels

Mushtaq Chaaya is the founder of Grand Mumtaz Hotels, a hospitality group that currently runs 14 properties across Kashmir, Jammu, and Delhi. Six of these operate under the esteemed Radisson brand. Among them, the Radisson Collection Hotel & Spa Riverfront in Srinagar stands out as the first Radisson Collection property in Jammu and Kashmir, offering 212 luxurious rooms along with world-class amenities.

Mushtaq Chaya is not only a successful entrepreneur but has also played a vital role in social upliftment. He has been the President of Jammu and Kashmir Hoteliers Club and former President of PHD Chamber of Commerce and Industry. His leadership skills and dedication to the industry have made him an influential figure in the hospitality sector of Jammu and Kashmir.

Facing challenges and success

Despite terrorism and political instability in Kashmir, Mushtaq Chaya continued to grow his business. His vision and risk-taking ability made him a successful entrepreneur. He not only expanded his business but also provided employment opportunities to local youth.