Gregor Roy Chowdhury, aged 44, is the heir of the Zabola Estate in Transylvania and shareholder in seven firms in Romania. The Zabola Estate is a guest house set on a 500 hectares private domain.
With the acquisition of the majority stake in Secuiana, Gregor Roy Chowdhury also acquired decision rights in the parent company and in Secuiana’s two branches – Seconf and S’mode, the company said in a statement. Secuiana was founded in 1968 and started to operate in 1969. In 1973, the factory specialized in the production of shoes and started to export to Western Europe and North America.
Gregor Roy Chowdhury is shareholder in seven firms operating in Romania, but only two – Kali Land (agriculture) and Zabola Estate (tourism)- registered sales in 2020 -– reporting a combined turnover of nearly RON10 million (EUR2 million) in 2020, per data from confidas.ro.
Secuiana based in Targu-Secuiesc (Covasna County) posted RON23.7 million (EUR4.9 million) revenue in 2020, down 30% from RON34 million (EUR7.2 million) in 2019, per finance ministry data. The company stepped back into the black last year, posting RON3.6 million (EUR748,000) net profit compared with RON760,000 (EUR160,000) net loss in 2019, according to publicly available data. Secuiana had 435 employees on average in 2020, 57 more than in 2019.