Ottawa’s Richcraft Homes honoured at annual Family Enterprise Xchange dinner

Monica Singhal
Monica Singhal

The family behind one of Ottawa’s largest homebuilders was fêted at the city’s annual celebrations honouring the best and most generous family-run businesses in the National Capital Region.

Kris Singhal launched Richcraft Homes after immigrating to Canada from his native India. After building a home for his family, the realization that he could sell that house for much more than it had cost him to build it was all the inspiration he needed to found what would become one of eastern Ontario’s largest land holders.

The company and Singhal’s legacy were honoured at the Family Enterprise Xchange’s Arnie Vered Dinner, which recognizes the role of family-led businesses in both Ottawa’s economy and community.

OBJ360 (Sponsored)
ABLE2

Giving Guide: ABLE2

What we do ABLE2 believes in an inclusive community where all people are seen as able, respected and valued. People with disabilities confront issues of personal safety, accessibility, social isolation

Read More

Giving Guide: Proud To Be Me

What we do Proud To Be Me is dedicated to empowering youth by providing Buddy Bench and mural programs, grants, and workshop development opportunities. We focus on building self-esteem, resilience,

Read More

Monica Singhal, who now runs Richcraft with her sister, Angela, spoke about her father’s entrepreneurial spirit and the lessons he imparted.

She recalled recently touring one of the firm’s new residential projects and fixing up the decor in the bedroom when someone asked her what she was doing.

“I’m making it look perfect,” she replied. Soon after, she realized this was a habit she and her sister had picked up from their father’s personal touch in business.

“He would send us into the model homes and say, ‘Make sure everything looks perfect. This is going to be someone’s home one day.’”

The Richcraft Group of Companies was presented with the 2018 Family Enterprise of the Year award by last year’s winners and OBJ’s fastest-growing company of 2018, Keynote Group.

Get our email newsletters

Get up-to-date news about the companies, people and issues that impact businesses in Ottawa and beyond.

By signing up you agree to our Terms of Use and Privacy Policy. You may unsubscribe at any time.

Sponsored

Sponsored

EVENT ALERT: Mayor's Breakfast with Ontario Finance Minister on Wednesday, Dec. 4 @ City Hall