Kaha Bendukidze

Kaha Bendukidze

Entrepreneur and Georgian libertarian politician.
Date of Birth: 20.04.1956
Country: Georgia

Biography of Kaha Bendukidze

Kaha Avtandilovich Bendukidze is an entrepreneur and Georgian libertarian politician. He was born on November 20, 1956, in Tbilisi, Georgia. Bendukidze completed his studies at the Faculty of Biology at Tbilisi State University, specializing in genetics.

In 1977, Bendukidze moved to Moscow and pursued his academic career. He completed his postgraduate studies at Moscow State University and worked at the Institute of Biochemistry and Physiology of Microorganisms. However, in 1988, he shifted his focus towards entrepreneurial activities.

Bendukidze became the chairman of the board of directors of JSC "Bioprocess" and the CEO of the NIPC Corporation. He also managed several other large companies based on corporate principles. These ventures included various industries such as cosmetics, polyvinyl chloride production, oil refining, and even maritime transportation.

During the 1980s, Bendukidze and a group of scientists faced financial difficulties. To support their scientific research, they began producing necessary products for scientific experiments and established "Bioprocess." Before this, they had worked in several cooperatives producing biopreparations. However, the cooperative movement faced societal backlash and challenges from the government. Bendukidze believes that his decision to change his life and become an entrepreneur was influenced by the difficult circumstances they faced.

Under Bendukidze's leadership, "Bioprocess" became a holding company that created, founded, and owned several other organizations. Their strategy involved diverse production, ranging from cosmetic creams to polyvinyl chloride and oil refining. They even ventured into maritime transportation with the establishment of the private shipping company "Maritime and River Transportation." Two subsidiary companies of the NIPC were granted licenses to develop titanium and bauxite deposits.

Bendukidze's entrepreneurial endeavors expanded into other sectors such as real estate. They formed partnerships with successful organizations like "MOST Group." They also established the Industrial and Commercial Bank, which experienced dynamic growth.

Reflecting on his journey, Bendukidze acknowledged that their early ventures in biotechnology were challenging. The alternative economy in Georgia was not easy, and cooperatives were not well-regarded. However, he believes that the instability of the time pushed him to explore entrepreneurship. Bendukidze admired those who engaged in the new economy, as he had no background in trade or production. He considered his foray into entrepreneurship a great achievement, not just for himself but for everyone involved in the cooperative movement.

Bendukidze emphasized the importance of trade and commerce in society, expressing his admiration for the profession. He believed that trading was a valuable pursuit and that many successful industrialists had also engaged in commerce. He considered himself a practicing speculator, combining practicality and a functional approach to business.

While Bendukidze experienced a change in social status, his personal lifestyle remained relatively unchanged. He recognized the benefits of personal ownership and assets, which provided him with a different perspective on the world. He realized that he could think about finances and investments, even though he had no prior expertise in these areas.

As his businesses grew, Bendukidze faced challenges in finding and hiring competent professionals. He sought to recruit individuals with expertise in mathematics, physics, chemistry, biology, and other fields related to the financial industry. He valued individuals who could contribute to the development of the organization and uphold their commitments.

Bendukidze advocated for the consolidation of the entrepreneurial establishment, predicting that it would comprise large owners and managers. He believed that large-scale entrepreneurs would emerge from the shadow economy, scientific community, and bureaucracy. However, he expressed disappointment in the lack of exceptional financiers in Russia. While some notable leaders existed, they were exceptions rather than the norm.

Bendukidze recognized the fierce competition between private and state-owned industries. He acknowledged that it was challenging for a joint-stock company formed by private individuals to compete with state-owned giants such as AvtoVAZ or AZLK. However, in the banking sector, where commercial competition reigns, Bendukidze aimed to succeed and create a substantial organization.

He believed that businesses should focus on generating significant profits and obtaining property ownership. Bendukidze emphasized the importance of personal assets and their ability to provide a different perception of the world. He highlighted the social function of business as the pursuit of substantial profits.

Despite his success as an entrepreneur, Bendukidze recognized the flaws in the Russian government's approach to economic reforms. He perceived a lack of understanding and support for entrepreneurs, and he criticized the government's attitude towards those outside the nomenklatura structures. He also voiced concerns about the absence of stability in the Russian business environment.

Bendukidze expressed his support for strong and authoritative governance, though he acknowledged the absence of a suitable leader capable of implementing such a system. He believed that the country needed a figure who could issue effective laws and follow them. He emphasized the need for a powerful ruler who would be interested in the welfare of the people and the business community.

In conclusion, Kaha Bendukidze's biography reflects his journey as an entrepreneur and libertarian politician. He faced challenges in his early career but later achieved success by establishing and managing various organizations. Bendukidze emphasized the importance of trade and commerce in society and advocated for the consolidation of the entrepreneurial establishment. He believed that businesses should focus on generating substantial profits and obtaining personal assets. While acknowledging the flaws in the Russian government's approach to economic reforms, Bendukidze called for strong and authoritative governance to ensure stability and progress in the country.