When one thinks of global hospitality icons, names from the Western world often dominate the conversation. Yet, nestled in the heart of Scandinavia’s hotel boom is the incredible story of Bicky Chakraborty, an Assamese-born entrepreneur who transformed the hospitality landscape of Sweden. His journey from Guwahati, Assam, to becoming a renowned business tycoon in Europe is not only inspiring but also a testament to the global footprint of Northeast India’s diaspora.
Who is Bicky Chakraborty?
Bikash “Bicky” Chakraborty was born in 1943 in Guwahati, Assam, and later moved to Sweden in the 1960s for higher education. While studying sociology at Stockholm University, he observed a niche opportunity in the country’s hospitality industry—a sector that was underutilized and relatively stagnant at the time. Armed with keen business acumen and a deep understanding of people’s needs, Chakraborty turned this opportunity into a multi-million-dollar hotel empire.
He went on to establish the Elite Hotels of Sweden, which became one of the country’s most prominent privately-owned hotel chains. His story is not just about business success—it’s about cultural resilience, innovation, and bridging the gap between two very different worlds.
From Assam to Sweden: A Unique Journey
Bicky Chakraborty’s journey began in the culturally rich state of Assam, known for its lush tea gardens, vibrant festivals, and intellectual tradition. Like many young Indians in the post-independence era, he sought education abroad. Arriving in Sweden in the early 1960s, he was struck by the Scandinavian nation’s contrast to his homeland—cold winters, minimalist culture, and a slower pace of life.
However, what truly caught his attention was how Sweden’s student dormitories remained unused during the summer months. While most saw these empty buildings as seasonal closures, Chakraborty saw potential. He began renting out the dorms to tourists during the summer—a simple idea that laid the foundation for his hotel business.
Building Elite Hotels of Sweden
The early success of renting out student housing gave Chakraborty the confidence to think bigger. In 1980, he acquired his first property—Hotel Savoy in Malmö—and from there, the Elite Hotels of Sweden brand was born.
What set Chakraborty apart from others in the hospitality sector was his vision to preserve historical buildings and repurpose them as luxury hotels. Instead of building new concrete structures, he chose to restore and revitalize old heritage properties, breathing new life into them while retaining their cultural significance. This unique approach quickly gained attention and appreciation.
Under his leadership, the Elite Hotels brand grew to over 40 properties across Sweden, including major cities like Stockholm, Gothenburg, and Malmö. Each hotel under his chain is known for blending modern comfort with historical charm.
Contributions Beyond Business
Bicky Chakraborty wasn’t just a hotelier—he was a patron of arts, culture, and education. He actively supported Indian cultural events in Sweden, creating platforms for showcasing Indian classical music, dance, and literature. His contributions helped bridge cultural ties between India and Sweden.
He also played a key role in promoting Indian entrepreneurs in Europe, offering mentorship and support to those navigating the challenges of doing business in a foreign land. Chakraborty’s commitment to cultural integration and entrepreneurship made him a beloved figure in both Swedish and Indian communities.
In recognition of his contributions, he was awarded the Pravasi Bharatiya Samman by the Government of India—an honor given to overseas Indians who have made significant contributions in their field of work and to the Indian diaspora.
Assam’s Global Icon
Despite his long stay in Sweden, Bicky Chakraborty never severed ties with his Assamese roots. He often spoke fondly of his childhood in Guwahati, the scenic beauty of the Brahmaputra River, and the warmth of Northeast Indian culture. He maintained personal and professional connections with India and served as an inspiration to many young entrepreneurs from the region.
Chakraborty’s life is a reminder that regional identity and global success are not mutually exclusive. His Assamese heritage remained a core part of his identity, influencing his values, ethics, and philanthropic outlook.
Legacy and Passing
Bicky Chakraborty passed away in 2022, leaving behind a towering legacy. His passing was mourned not only in Sweden, where he had become a household name, but also in India. particularly Assam, where he is remembered as a local hero who made it big on the global stage.
Today, elite Hotels of Sweden continues to thrive, run by his family and trusted associates. The brand remains committed to the founding values Chakraborty instilled—sustainability, cultural preservation, and excellence in hospitality.
What We Can Learn from His Journey
The story of Bicky Chakraborty is a compelling lesson in:
- Visionary Thinking
He saw value in places others overlooked. Transforming unused student dorms into tourist accommodations was not just creative—it was disruptive. - Cultural Adaptability
Chakraborty adapted to Swedish culture while retaining his Indian roots. His ability to merge Eastern values with Western efficiency became a key to his success. - Sustainable Business Models
His choice to preserve and repurpose old buildings instead of constructing new ones was environmentally conscious and culturally enriching—well ahead of its time. - Giving Back
Through cultural sponsorships, mentorship, and philanthropy, he ensured that his success uplifted others.
Final Thoughts
Bicky Chakraborty’s journey from Assam to Sweden is one of grit, grace, and global impact. In an era where local stories often get overshadowed by mainstream narratives, his life reminds us of the immense potential that lies within regional India. For aspiring entrepreneurs, especially from the Northeast, Chakraborty’s legacy offers a roadmap of what’s possible when one dares to dream big and works with integrity.
As we celebrate Assamese icons making a mark globally, Bicky Chakraborty stands tall—a visionary who didn’t just build hotels, but also built bridges between cultures, continents, and communities.
