Navigating Real Estate and Entrepreneurship | CEO & Founder of Charioteer Capital
- Jignesh Patel’s entrepreneurial journey is marked by risk-taking, self-belief, and a deep sense of cultural identity.
- Despite challenges, the real estate market offers opportunities for those with insight and resilience.
Podcast
Overview
In this thought-provoking episode of “The Brand Called You,” host Sandeep Tyagi engages in a deep and insightful conversation with Jignesh Patel, the CEO and founder of Charioteer Capital. Patel, who established his investment firm in 2018, shares his journey from being a senior managing director at C3 Capital Partners to becoming a successful entrepreneur with over 15 angel investments in startups.
Journey to Entrepreneurship
Patel’s decision to venture independently was prompted by a desire to follow a different direction than his previous firm. At the age of 47, with a stable personal and financial situation, he took the risk to start his own firm, despite the initial uncertainty. He reveals that this transition, although unexpected, has been instrumental in his personal growth and has opened up new opportunities.
Naming Inspiration
Charioteer Capital’s name holds a deep, cultural significance for Patel. Inspired by the Hindu religion, specifically Krishna as the charioteer to Arjun in the Bhagavad Gita, Patel found the name auspicious and fitting for his investment firm.
Navigating Industry Trends
Patel provides a comprehensive overview of the current trends in commercial real estate, highlighting the challenges and opportunities brought about by the work-from-home trend. While the office sector faces pressure, it is gradually rebounding as companies mandate returns to office spaces. Retail has been significantly impacted by shifts to online shopping, yet multifamily housing remains strong due to continued demand and immigration, and industrial spaces benefit from the growth of e-commerce.
Real Estate Challenges During COVID-19
Managing properties during the COVID-19 pandemic was particularly challenging for Patel. With tenants moving back home, the rental market became tough. However, Patel managed to purchase two properties at good prices and faced minimal issues with tenant delinquencies, noting a strong market recovery afterward.
Involvement in Nonprofits
Firstly, Patel is deeply involved in nonprofits, particularly in education. He actively works with Pratham, an NGO in India focusing on childhood education, vocational training, and women’s upliftment. As the president of Pratham’s New York chapter, he contributes significantly to its initiatives. Patel is also associated with IIT Bombay’s alumni foundation, working on projects like scholarships and institutional development.
For those considering NGO engagement, Patel advises approaching with the right intent: to give back, without expecting personal gains. He emphasizes the value of simply starting, noting that the experience will naturally lead to networking and personal fulfillment.
Background and Motivation
Born in Gujarat, India, Patel moved to the UK at age three and then back to India at ten, where he felt relieved to escape the racism of the 1970s UK. Through his academic journey, he excelled in school, secured a spot at IIT Bombay, and later transitioned to finance at Purdue University. Despite initial job struggles, he eventually succeeded in finance, working in California and New York.
Personal Insights and Philosophy
Patel attributes his humility to his father, a successful yet grounded surgeon, and his emphasis on health to his mother. Over time, Patel has grown more open-minded, moving away from seeing things in black and white to understanding people’s complexities.
His favorite book, “The 7 Habits of Highly Effective People” by Stephen Covey, highlights his continuous quest for personal development. Reunions with college friends bring him immense joy, and his curiosity drives him to explore different cities and cultures.
As the conversation nears its conclusion, host Sandeep Tyagi asks Patel to describe his personal brand. Patel defines himself as hardworking, striving for excellence, and committed to giving back to society. Tyagi encapsulates this description as a blend of hard work, excellence, care for the world, and humility.
Key Takeaways
- Jignesh Patel’s entrepreneurial journey is marked by risk-taking, self-belief, and a deep sense of cultural identity.
- Despite challenges, the real estate market offers opportunities for those with insight and resilience.
- Engaging in nonprofit work with the right intentions can be highly rewarding.
- Personal growth is a continuous journey, fueled by openness and understanding.
RESOURCES:
Learn more about Jignesh Patel : Linkedin
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Profile
- Jignesh Patel’s entrepreneurial journey is marked by risk-taking, self-belief, and a deep sense of cultural identity.
- Despite challenges, the real estate market offers opportunities for those with insight and resilience.
- Engaging in nonprofit work with the right intentions can be highly rewarding.
- Personal growth is a continuous journey, fueled by openness and understanding.
