Baljit (Bill) Bains
Owner/Operator: Baljit (Bill) Bains
Mr. Bains has 32 years of experience working in engineering, business development, acquisition, rehabilitation, real estate development, and management. He is a serial entrepreneur. He started his first company at the age of 21 and sold that business after 5 years of successful operations. Three years later he started his second company, Cascade Finance& Exports, and he still sits on its board of management. After leading that company to steadystate operations, he moved on to engineering and management. He has spent 24 years managing a group of 30 engineers and supporting a team of additional 200 engineers focused on automotive powertrain development for passenger vehicles for Robert Bosch LLC in Farmington Hills, MI.
Mr. Bains began acquiring, renovating, leasing, and managing affordable homes and formed Michigan Housing & Investment (MHI), LLC in order to run this business. Over the past 22 years, over 500 homes were acquired and rehabbed by MHI. MHI’s mission and brand are to provide “comfort housing at an affordable price” to low-income families. MHI works very closely with several government and non-profit organizations in southeast Michigan, to help the community by providing safe and clean housing to low-income families. MHI has been recognized as a leading housing provider in this sector, with more than 150 units under management. MHI have diversified its portfolio from residential to commercial, office, medical purpose, and warehousing facility.
Due to COVID-19 pandemic issues lots of families were struggling due to the loss of jobs Mr. Bains felt this need and he has begun a food pantry in the same building where MHI operates, which provides food and fresh produce to families in need. This pantry is open to all communities every Saturday afternoon where needy families can come and pick up whatever they need from the food pantry. MHI believes in giving back to the community, especially those who are less fortunate.
Mr. Bains comes from a family who owns and operates banquet halls in India, and he knows this business well. He has a close family friend in Mississauga, Ontario Canada who is in the banquet hall/convention center business. He owns multiple prominent banquet halls in Canada. This close, non-competitive relationship has allowed him to help Mr. Bains to find an appropriate location to acquire a banquet hall/conference center. This location is the most appropriate for an event center. It has highway accessibility, an affluent community, close proximity to the airport, two brand new hotels being constructed next door, and lots of business around that will create a demand for such a venue.
His friend will stay on his consulting team during design, build, and operation. He is already involved in the design and layout phase to make sure all his learning from his experience from running his own event center for many years is leveraged. This event center will be unique for its type with a modern look, the latest design, the latest technology, and plenty of parking. This building is less than three years old and is very energy efficient and environmentally friendly. All the equipment in the building is energy star.
Mr. Bains is very well connected to lots of social and professional organizations such as the Indo-American Chambers of Commerce, he is one of the board directors of college alumni that have over 300 strong memberships working in various engineering and the medical profession, and he is a member of several REIA organization. His social and professional circle includes prominent community and business leaders that can help to grow this banquet hall/convention center business.
Mr. Bains earned a Bachelor of Mechanical Engineering degree from Punjab University Chandigarh, India. He also earned his Master’s in Engineering and Management from the Wayne State University school of engineering and management, Michigan USA.