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

Monica Singhal
Monica Singhal speaks at the 2018 Family Enterprise Xchange Arnie Vered Dinner, where her family's Richcraft Group of Companies was honoured. Photo by Mike Curran.

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.

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.