Sept 16, 2020
(9 of 12)
REPLY ADDRESS BY MR. DINSHAW B AVARI ON THE OCCASION TO COMMEMORATE HIS 85th BIRTHDAY on NOV 5, 1987-
“God has been kind to me.
I made money from Beach Luxury Hotel and eventually bought a Hotel in Lahore (Nedous Hotel) on Public auction which I converted from Nedous Hotel to Park Luxury – and I was about to convert it to build the Lahore Hilton.
By this time, my son Byram & I had discussed whether we were content in running the Beach Luxury or wanted to grow (and naturally we chose the latter).
This then propelled me to say that success does not come without pains or losses…
The Beach Luxury in the 50s and early 60s (when we spoke), made its money through cash sales which were not recorded because of the high taxation- and actually became our capital. We agreed that firstly we have to bring all our businesses on the books because without a strong balance sheet we would not be able to leverage our business. This meant having to pay taxes and have less disposable cash.
The second decision we made with this move was to get professionals to join our Company so as to make it grow. This business dilemma proved a success and is part of the learning discipline we instilled in my grandchildren.
However, the Lahore Hotel got requisitioned (once again for our family )because I had been asked to give a portion of the Hotel, free of charge, to an high official, which I had refused because I believe somebody can have a free meal or take a pencil from me, but when I have to give away something which is earned with the sweat and hardships of my brow, then I will fight to the end.
Friends, let me tell you life is very difficult. I have never cheated anybody and God has rewarded me for this. I have worked hard and honestly with integrity and have never forgotten Ahura Mazda for all his blessings.
I persevered and got the Lahore Plot de-requisitioned and built the Lahore Hilton.
This is to explain to you that persistence and honesty of thought and purpose will always succeed.”
(to be cont)
(previous (8th) post- https://dinshawavari.com/2020/08/18/we-are-who-we-are-because-of-our-forefathers-8/)