CELEBRATING ENTREPRENEURSHIP | NEXT DOOR TIBETANS ARE CREATING INSPIRING ENTERPRISES

28 year old investor turned entrepreneur. First Tibetan e-broking house. Winner of Business Plan Competition (TechnoServe-organized, USAID-funded).Passionate & ambitious. Meet Tenzin Kunchok, founder  of Lhasa Capital, a partner of Angel Broking

Tenzin Kunchok, a Tibetan refugee based in Gangtok who is a veteran investor himself, identified a great business opportunity which none in the Tibetan community has tried yet. He believedthat Tibetans need to be more financially aware and diversify their savings out of traditional fixed and savings deposits into avenues that can yield higher returns. With this vision he started an e-broking business and took a franchise of Angel Broking in Gangtok. He could set up the business despite holding a regular job with the help of Rakesh – an experienced trader. Today, his company provides equity and commodity trading platforms, derivative products, and currency trading services.In a short span of 1 year, the business has grown from single customer to 100+ customers. Pure passion and consistent hard work has led Kunchok to this milestone. Now, Kunchok is his own BOSS and is confident enough to leave his regular job for the love of business. He has plans to create fantastic job opportunities for Tibetans and serve the Tibetan community. After ETB training, the firm has been able to open two new offices, in Cooch Behar (West Bengal) and Delhi (Majnu ka Tila).

As per Tenzin Kunchok, “In next 5 years Lhasa Capital will expand aggressively in North East as well as in various Tibetan settlement areas across India. Lhasa Capital will continue to put in more effort to educate Tibetan investors to participate in India’s growth story.”
Hiring and retaining right talent has been a major challenge faced by the company. With the new recruitment strategy, now the firm attracts applicants from top-notch colleges. The company has also partnered with Tibetan Career Centres for filling vacancies.
In the last two months, Kunchok’s company was able to generate healthy 5-6% returns per month for many customers.Company is generating good cash flow and willing to grow aggressively towards expansion. The company’s focus on personalized service to customers has led the firm to become the preferred broking house in Gangtok. Kunchok has aggressive marketing plans (website launch and customer training workshops) and hiring plans for rapid business expansion. Powered with strong commitment and an aggressive approach, Lhasa Capital team islooking to develop long-term relationships in the Tibetan community. We wish them all the best!

In Kunchok’s words “Delhi office launch event in Majnu Ka Tila on 24th February 2013 was a big success. With this launch, Lhasa Capital became the first brokerage house in the Tibetan commercial hub – Majnu ka Tila, Delhi. Dorji Dewatsang (Director, Mandala Construction) was the Chief Guest for the event. Dorji La expressed his happiness at the launch and welcomed more Tibetan youth to try their hands at entrepreneurship. Sonam La, TCC Chairman, also came to support the event. The launch event was attended by more than 15 guests who are renowned entrepreneurs in MT. For Delhi office we have partnered with Thupten Jampa, owner of Earthlink Tours and Travels, and are expecting 20-30 new accounts in next 2-3 months.”