RAJESH S. DEMPO the man behind Dempo Vision Group, a name synonymous with real estate, when it was founded in the year 2006 – has now expanded its hospitality footprint. The Group has also ventured into healthcare, education, entertainment and media.
The young and business savvy, Rajesh Dempo is known in business circles as a man of action. A soft spoken entrepreneur, Rajesh has carved out a niche for his business group ‘Dempo Vision’ for executing high quality projects with a strong emphasis on touching human lives positively. His recent foray into widening the span of his hospitality vertical with the launch of Tangere Hotels & Resorts is yet another pioneering step from the scion of a well known business family.
Rajesh founded the Dempo Vision Group in 2006 with ventures in diverse verticals – hospitality, real estate, education, healthcare, and entertainment. He is the director of The Crown Goa, the five-star hotel from the Vishwasrao Dempo Group in the capital city, Panjim. His flagship venture, Vision Dempo Real Estate Developers has made a significant mark in the real estate sector over the years, with projects in key locations – Miramar, Merces, Porvorim, Mapusa, Arpora and Assagao and many more in the pipeline.
Education and Business Background
Rajesh S. Dempo completed his Bachelor of Commerce from the University of Mumbai and then pursued his Masters in Business Administration from Buckinghamshire Chilterns University College, London. In 2006, Rajesh founded the Dempo Vision Group with their flagship venture focussed on real estate, known for its high quality residential and commercial properties. He later acquired and is successfully running a 5-star hotel ‘The Crown Goa’ located in Panaji.
Rajesh has plans to expand the hospitality division of the group and has also further diversified into education, healthcare and the entertainment business.
Assignments with the Dempo Group
After completing his MBA, Rajesh joined Aparant Iron & Steel Pvt. Ltd., a Dempo Group of Company venture, as a management trainee and then rose up the ladder to Head Business Development Corporate Affairs. Currently, he is director of various Dempo Group companies.
Entrepreneurship
Over the years, Rajesh has been hailed for venturing into various sectors of business. Speaking about entrepreneurship, Rajesh says, “I think it’s fair to say that entrepreneurship excites me! Coming from a family of entrepreneurs with a history spanning several centuries, it was quite natural that I would pursue the same calling. It is true that entrepreneurship comes with many challenges and responsibilities, especially when one realizes that your employees come from various sections of society and are dependent on you for their living. This motivates me to do better and to pass on the benefits to them, which helps the company grow in the right direction.”
Dempo Vision
“Our business comprises of five key industry verticals – real estate, hospitality, healthcare, education, entertainment and media. Each of these businesses need to be dealt with differently, but if managed well, the returns on the same are very satisfying. Our organization is built on the foundation of trust, besides providing the highest standards in our offerings of products and service, which are par excellence,” adds Rajesh
Focus on Real Estate and Hospitality
The main focus areas of business at Dempo Vision are real estate and hospitality. The group is currently looking to expand in both these sectors. The real estate division was established in the year 2000 and is known for its excellent residential projects. The division plans to launch four new projects in Siolim, Porvorim, Taleigao and Goa Velha, comprising of 1 & 2 BHK apartments.
In 2010, the hospitality division launched The Crown Goa hotel, a 5 star property perched on top of the hill with a picturesque view of the River Mandovi.
The hotel now has 90 employees, 43 spacious rooms and boasts of accommodating top celebrities such as David Rocco, Ajinkya Deo, Talat Aziz, Paresh Rawal and international best-selling author Thomas Keneally. The Crown Goa Hotel has won plenty of accolades in the past years and now the group has launched its new brand ‘Tangere’.
“Tangere is a boutique hotel chain to complement the existing, The Crown Goa brand. Tangere has been unveiled with the intention of touching the hearts of our guests through personalized services, thus bringing out positive emotions in them,” elaborates Rajesh.
Films & Media
Rajesh also talks about the Group’s foray into films and media. The aim of this division was to spread social issues through various regional languages. “Vishwas Media & Entertainment, our production house was established with the aim of spreading symbolic messages through films. Our primary focus is to shine the spotlight on Indian culture through regional languages and highlight social issues. We also organize theatre shows by reputed and prominent stage artists every year in memory of our late Chairman emeritus. In 2016, we released the film Rangaa Patangaa which won a lot of awards and accolades around India. We have another star-studded film in the making which will be released later this year.”
Dempo Kids
The Dempo Kids facility in Miramar was established with the aim of developing the minds of children at a very young age. Dempo Kids Preschool is one of the best of its kind in Goa, where young children of age 1-6 years are enrolled for classes from childcare to Sr. Kindergarten.
This state-of-the-art facility also provides day care facilities for children, between 9 am to 6 pm with flexible timing options, available for daycare.
The Dempo Kids facility is also available for external consultants to impart training in various fields such as zumba, yoga, ballroom dancing, language training, art and crafts, etc.
Industry Involvement
Apart from being the founder of Dempo Vision Group, Rajesh is also part of the managing committee of Goa Chamber of Commerce & Industry. He is one of the founder members of Entrepreneurs’ Organisation’s Goa chapter. Rajesh is also elected to the managing committee of Club Gaspar Dias (and serves as the current Vice President for this term), He is also actively associated with CII, SKAL, Goa Management Association, CREDAI and FHRAI.
Driven by Life
Bhakti, Rajesh’s wife is the emotional anchor for his entrepreneurial vision. A qualified finance professional herself, Bhakti is the director of finance at the Group companies.
Rajesh loves spending his leisure time by playing with his two sons – Rajveer and Yuvraj, travelling with his family – usually thrice a year, meditating, yoga, working out at the gym, listening to music as well as reading autobiographies of famous personalities.
The Group’s Focus
Regarding the Group’s plans for the future, Rajesh is looking forward to to expand the real estate and hospitality verticals of the Group.
“With our four new projects coming up in Siolim, Porvorim, Taleigao and Goa Velha comprising of 1 and 2 BHK apartments, we are staying focussed to our core strengths. The value of each apartment is set at a level that is within reach of our buyers for those booking holiday homes or for investments,” says Rajesh.
Dempo Vision’s hospitality division is also looking forward to an exciting future with plans to expand the business. With The Crown Goa hotel having established itself firmly in Goa’s hospitality rankings, besides winning plenty of accolades in the past years, the Group’s focus is now on building Tangere, its new hospitality growth driver. “We are working on three hotel projects – Fontainhas, Panjim and Morjim where we will target various sections of the hospitality industry under our new brand Tangere. We are also setting up our eco agri tourism venture,” reveals Rajesh.
Philosophy in Business
As someone who imbibes the insights of famous business successes, Rajesh has a few business philosophies close to his heart:
Team Work: “An ability to work together towards a common vision.”
Repeat Clientele: “80% of our business comes from 20% of our clients.”
Innovation: “Don’t find clients for your products; find products for your clients.”
Confidence: “If you are not convinced of your product or service, it is impossible to sell it to others.”
Trust: “It takes years to build relationships, minutes to destroy them.”
Foresight: “The best way to predict a future is to create it.”
Influence of his Father
Rajesh is very inspired by the values and philosophy that his father, late Vishwasrao Dempo believed in and follows them religiously. “My father was passionate about Goa. He also had the same inclination, working for the betterment of the people of Goa. Following his footsteps is just carrying the legacy forward,” feels Rajesh.
Idols
Everyone has people who they look up to, emulate and derive inspiration from. Rajesh Dempo is no exception. “I am hugely influenced by J.R.D. Tata as my role model, given that he too built his business on trust over the past so many decades,” says Rajesh.
The Larger Picture
When asked about his vision and contribution for business in Goa, Rajesh says, “Being involved with so many key sectors, we aim to integrate these businesses so as to allow for cross-marketing and cross-selling of our product and services. Our businesses will no doubt generate a large amount of employment and in turn revenue for the government. I would like to make a significant contribution in this regard which would benefit Goa in many ways”
Landmark Projects
With a long line-up of new and interesting projects in the works, Dempo Vision ensures that each real estate offering is well thought out and purposeful
Upcoming projects
Some of the upcoming projects for the real estate vertical of Dempo Vision are Vision Galleria at Mapusa and Vision Dream City at Kadamba Plateau.
Vision Galleria
Situated in a prime locality, near the popular Mapusa Market and within walking distance from prominent schools, hospitals and supermarkets.
This gated complex, located in pristine surroundings, consists of spacious 1 & 2 BHK apartments with premium specifications and modern amenities.
Vision Galleria is perfectly suited for creating your ideal home as well as an investment option.
Vision Dream City
Located about 3 kms from Goa’s cultural hub Old Goa and 10 kms from Goa’s capital city Panjim, Vision Dream City is an exclusive township complex of 1 & 2 bedroom apartments that are sure to bring a new dimension to the words ‘Dream Home’.
Designed and executed with the perfection to the smallest detail, the homes at Vision Dream City is an ideal option to live, invest and as a home whilst on holiday.
The project consists of 3 phases and includes numerous amenities to ensure a secure environment as well as an enjoyable living experience.
Panaji city’s crowning glory
The Crown Hotel, Goa has been a stylish hospitality statement from the Dempo Vision Group, which has now added brand ‘Tangere’ to blaze new trails in the hospitality sector
The Crown Goa
A Goan Boutique Hotel situated in the capital city of Goa in Panjim. Besides being located in one of the world’s most popular holiday destinations, The Crown Goa perched on a hillock has the most breathtaking views of the River Mandovi. Its strategic central location provides easy access to all the local facilities – shopping areas, casinos, beaches and churches. The Sky Deck venue at the Crown Goa hotel was recently inaugurated with the launch of its new restaurant ‘Oriano’ which specialises in Italian and Continental cuisine and provides for an exciting party venue with a breath taking view of the River Mandovi.
Tangere
With the launch of their new hospitality brand Tangere Hotels and Resorts, Dempo Vision has moved leaps and bounds in the hospitality sector with the acquisition of three new properties to be developed under its new brand.
The new brand name, Tangere Hotels & Resorts, has been unveiled with the intention of touching the hearts of their guests through personalised service, thus bringing out positive emotions in them.
Chief Minister Dr Pramod Sawant, launched the brand at a glittering function held recently and complimented Rajesh Dempo for taking new strides in the hospitality sector, especially when naysayers have been negative about the prospects of the tourism business in the state. “It’s indeed a new beginning and a positive statement for Goa,” said Dr Sawant
