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			'id' => '7969',
			'article_category_id' => '217',
			'title' => 'Bhat-Bhateni Group',
			'sub_title' => '',
			'summary' => 'Min Bahadur Gurung, the chairman and managing director of Bhat-Bhateni Group, is known for turning a small grocery store into a retail giant. He found both fame and fortune with his supermarket and departmental store chain Bhat-Bhateni. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard42%286%29.jpg" style="float:right; height:201px; margin:5px; width:100px" />Min Bahadur Gurung, the chairman and managing director of Bhat-Bhateni Group, is known for turning a small grocery store into a retail giant. He found both fame and fortune with his supermarket and departmental store chain Bhat-Bhateni. In his early twenties, Gurung, a master&rsquo;s degree holder in economics, had a banking job at Nepal Bank Ltd and was stationed at Nepalgunj. In 1984, Gurung started Bhatbhateni Cold Store, a small retail grocery shop with an initial investment of NRs 35,000 which laid the foundation of his future as one of the successful businessmen in Nepal.&nbsp;</p>

<p style="text-align:justify">Gurung who was juggling the obligations of his banking job in Nepalgunj and his store in Kathmandu until 1992 finally gave up his banking career to fully focus on his business which he believed had immense possibilities. By that time, he already had expanded his cold store to the second floor of the building where he operated his cold store on the first floor. His hard work paid off and Bhat-Bhateni became a leading supermarket and departmental store of Nepal.&nbsp;</p>

<p style="text-align:justify">In the last decade, Bhat-Bhateni has been in a massive expansion spree and has opened 13 stores beginning from one at Maharajgunj of Kathmandu in 2008. These stores are located at various convenient parts of Kathmandu, Bhaktapur, Lalitpur, Pokhara, Chitwan, Dharan and Butwal. It is estimated that there is a daily combined footfall of more than 50,000 people in these stores making Bhat-Bhateni a leading retail chain of Nepal with an estimated daily annual turnover of USD 350,000. Min Bahadur Gurung has further diversified his business interest with investments in the 42 MW Mistri Khola Hydropower Project developed by Robust Energy and Chandragiri Hills Pvt Ltd.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard43%2810%29.jpg" style="height:430px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Bhat-Bhateni is estimated to have&nbsp; a daily turnover of&nbsp; USD 350,000</li>
	<li>13 of the 14 stores&nbsp; of Bhat-Bhateni Group operates&nbsp; in its own property</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>4,500 store staff</li>
</ul>

<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>Chain of Bhat-Bhateni Supermarket and Departmental Store</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investment</strong></span></p>

<ul>
	<li>Expansion plan in Kathmandu and other parts of the country</li>
	<li>Rs two billion investment in upcoming departmental store in Biratnagar</li>
	<li>Establishing Farmer Co-operatives</li>
</ul>
</div>
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			'id' => '7968',
			'article_category_id' => '217',
			'title' => 'Chachan Group',
			'sub_title' => '',
			'summary' => 'In its initial days, Chachan Group traded in a range of commodities such as leather and leather products, cement, vegetable ghee, food grains, lentils, oil seeds, spices, consumer goods, fertilisers, pulses, edible oils and animal feeds.',
			'content' => '<p><img alt="" src="/userfiles/images/Clipboard45%288%29.jpg" style="float:right; height:361px; margin:5px; width:90px" />In its initial days, Chachan Group traded in a range of commodities such as leather and leather products, cement, vegetable ghee, food grains, lentils, oil seeds, spices, consumer goods, fertilisers, pulses, edible oils and animal feeds. As the business thrived, Chachan Group transformed itself into a business group with several manufacturing units producing the same commodities that it once simply traded.&nbsp;</p>

<p>Today, Chachan Group imports spices, fertilisers, sugar, cement and coal and agro-equipments through its four different trading firms. The group started trading in coal in 2011.&nbsp; The group is also a manufacturer of different popular brands of cement such as Trishakti and Jay Bageshwari. The group produces cement through Narayani Cement Udhyog and Jai Bageshwari Cement. The latter was established three years ago.&nbsp;</p>

<p>The group is strongly focused on its cement industries and plans to establish several clinker plants. It has already bought limestone mines in parts of Udaypur, Palpa and Arghakhanchi district.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard46%2814%29.jpg" style="height:912px; width:800px" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard47%2811%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Planned Investment</strong></span></p>

<ul>
	<li>Clinker plants&nbsp;</li>
	<li>Expansion of Jay Bageshwori Cement Industry</li>
	<li>Cement grinding plant in Nepalgunj</li>
	<li>Plans to acquire a limestone quarry in the hilly area of Makwanpur district</li>
</ul>

<p><span style="font-size:16px"><strong>Key Revenue Generator</strong></span></p>

<ul>
	<li>Manufacturing (Cement Industry)&nbsp;</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Annual turnover exceeds Rs 4 billion, 70 percent contributed by the cement wing of the group</li>
</ul>
</div>
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			'id' => '7967',
			'article_category_id' => '217',
			'title' => 'Chaudhary Group',
			'sub_title' => '',
			'summary' => 'It was in the late 19th century when Bhuramull Chaudhary opened a shop on Juddha Sadak (now New Road), on an initial yearly rental fee of Rs 200, to deal in textiles imported from various parts of India. Bhuramull Chaudhary was among the few privileged businessmen permitted to enter the palace of Rana Prime ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard49%2813%29.jpg" style="float:right; height:517px; margin:5px; width:100px" />It was in the late 19th century when Bhuramull Chaudhary opened a shop on Juddha Sadak (now New Road), on an initial yearly rental fee of Rs 200, to deal in textiles imported from various parts of India. Bhuramull Chaudhary was among the few privileged businessmen permitted to enter the palace of Rana Prime Minister Juddha Shumsher. He, along with his son Lunkarandas Chaudhary, carried items from his shop to the palace with the help of porters and arranged an open shop in the courtyard for the royals and the courtiers. This business operation used to function under the informal name of Bhuramull Lunkaran Das as the registration of private business firms was not required back then.&nbsp;</p>

<p style="text-align:justify">Young Lunkarandas took over the business after the demise of his father and went ahead with the business of exporting jute from Biratnagar to overseas markets including United States and Europe. His firms Bhuramull Lunkaran and Arun Impex also used to import fabrics from Japan and Korea.&nbsp;</p>

<p style="text-align:justify">After the success in textiles and jute trading, Lunkarandas established a number of pioneering industries and businesses in the 1960s and early 70s in the country. To name a few, Flooring and Furnishing Center, Modern Hosiery Industry Pvt Ltd, Nepal Spinning and Weaving Pvt Ltd, Arun Emporium, Arun Impex and Ratna Stainless Steel Pvt Ltd are companies started by him that are consideredto be the first companies in Nepal to start the modern businesses of flooring and furnishing, hosiery, synthetic yarn production, departmental stores and manufacturing of stainless steel utensils using Japanese technology, among others. Established in 1957, United Builders was another major business venture of Lunkarandas which constructed the Hotel Soaltee Crowne Plaza and Kathmandu-Trishuli road.&nbsp;&nbsp;</p>

<p style="text-align:justify">Binod Chaudhary, the elder among the three sons of Lunkarandas, has been taking the conglomerate to new international heights by establishing a vast business empire throughout the globe. With his efforts, the group in 1985 started production of Wai Wai instant noodles which used to be produced by Thai Preserved Food Factory Company. CG made every effort to turn the precooked brown noodles into an international Nepali brand. Today, Wai Wai has not only become the biggest brand in Nepal but is also the fastest growing Nepali noodles brand in India where its manufacturer CGFI claims to have a 27 percent market share. In a full swing to go global, Chaudhary Group over the last two years has forayed into the European and US noodles market with its flagship brand Wai Wai. The three Chaudhary brothers own and manage separate businesses but use the same CG banner.</p>

<p style="text-align:justify">After achieving big successes in Nepal, the group made its first international foray with Cinnovation Group in Singapore in 1990. Cinnovation is regarded as the first and only Nepali multinational company to step into the global business arena. It is a multidimensional business approach of the Chaudhary Group which has a wide range of interests in areas including hotels and resorts, wildlife and in-bound tourism, FMCG (food and beverage), real estate,cement and financial services. With 48 companies, Cinnovation has over 4,300 employees across the world.</p>

<p style="text-align:justify">Chaudhary Group now operates in all five continents of the world. It has 136 companies under its umbrella with a diversified business portfolio in sectors including FMCG, consumer electronics, financial services, hospitality and travel, automobile, education, health, energy, real estate and housing, biotech and agribusiness, among many others.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard50%2812%29.jpg" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard51%2816%29.jpg" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard52%2813%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Net Worth of Binod Chaudhary and Family :&nbsp; USD 1.37 billion</li>
	<li>Net Worth of CG Corp Globa l: USD 2.5 billion</li>
	<li>(Headquartered in Nepal, with a portfolio of 136 companies and 76 brands spread over 30 different countries.)</li>
</ul>

<p><span style="font-size:16px"><strong>Employment&nbsp;</strong></span></p>

<ul>
	<li>Businesses under Binod Chaudhary&nbsp; excluding banks, finance and insurance company employs 4,500 staff</li>
</ul>

<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>FMCG- 15%, Financial Services- 15%, Hospitality- 10%, Electronics- 10%, Others- 50%&nbsp;</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Ventures&nbsp;</strong></span></p>

<ul>
	<li>Taj Hotels Resorts &amp; Palaces, a JV between CG Hotels and Resorts, Taj Group &amp; Beyond</li>
	<li>Taj Safaris, a JV between CG Hotels and Resorts, Taj Group and &amp; Beyond</li>
	<li>Jetwing Zinc Journey, a Joint Venture between CG Hotels and JW Hotels</li>
	<li>Summit Hotel is a JV between CG and NE Group</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Fresh investment of over Rs 50 billion in existing businesses in Nepal in the next three years to generate new job opportunities.</li>
	<li>Rapidly increase investments in energy, hospitality and property sectors in Nepal.</li>
	<li>Invest around Rs 17 billion into a 60MW storage hydroelectric project.</li>
	<li>Channel Rs 2.8 billion in 15.1MW Middle Madi and Rs 7.5 billion in 44MW Super Madi hydroelectric projects.</li>
	<li>Planning to invest Rs 10 billion in the real estate sector within 2020; CG Legend, a multipurpose complex spread across 400,000 square feet of land in Pulchowk, being one of the projects.</li>
	<li>Addition of 120 rooms in 35-year-old Summit Hotel at Kupondole at a cost of Rs 2 billion.</li>
	<li>Completion of Zinc City, hotel in Jhamsikhel, through an investment of Rs 1.5 billion.</li>
	<li>Construction of Panchakarma, a wellness centre with 18 villas, in Nawalparasi at a cost of Rs 500 million.</li>
	<li>Proposed: Rs 9.4 billion in cement plants in Palpa and Dumbkibas, Rs 1 billion in CG Brewery, Rs 800 million in Wai Wai plants in Nawalparasi and Sunsari, Rs 250 million in Rio juice factory at Nawalparasi and Rs 200 million in CG Packaging</li>
</ul>
</div>
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			'id' => '7966',
			'article_category_id' => '217',
			'title' => 'Dugar Family',
			'sub_title' => '',
			'summary' => 'The Dugar family carries a 137 year old legacy in business. It all started when Chandan Mal Dugar started trading in fabrics at a ‘haat bazaar’ (a weekly market organised locally) in Biratnagar. His son Lunkaran Dugar not only continued the trading business but also widened the business by stepping into agro products. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard54%288%29.jpg" style="float:right; height:363px; margin:5px; width:100px" /></p>

<p style="text-align:justify">The Dugar family carries a 137 year old legacy in business. It all started when Chandan Mal Dugar started trading in fabrics at a &lsquo;haat bazaar&rsquo; (a weekly market organised locally) in Biratnagar. His son Lunkaran Dugar not only continued the trading business but also widened the business by stepping into agro products. The Dugar group charted new heights after the four sons of Lun Karan took over the business. Initially, the group had a presence in textiles and agro products, but later expanded to jute exports, steel, rice mills, among others.&nbsp;</p>

<p>Late Tola Ram Dugar and his younger brother Moti Lal Dugar have played major roles in the diversification of the business. After moving from Dharan to Biratnagar, Tola Ram and Moti Lal diversified the business into jute processing and made Biratnagar the base for the family business. According to Vivek Dugar, his father Moti Lal started the practice of making cash payments to farmers while buying raw food grains from them some six decades ago, which made a huge difference in the agriculture sector.</p>

<p style="text-align:justify">The group started a strawboard paper industry in 1966, ventured into rice and oil mills in Dhangadi and Birgunj, established a stainless steel utensil industry and in 1972 entered the automobile business. These initiatives are considered to be some of the key milestones in the Dugar Family&rsquo; business history.&nbsp;</p>

<p style="text-align:justify">At present, the legacy of Dugar&rsquo;s business is carried out by four groups, each helmed by the four brothers belonging to the third generation of the family. In 1962, the group separated into two groups - TM Dugar and HC Dugar. In 1991, the TM Dugar group separated into TM Dugar Group and KL Dugar Group. In 2015, Motilal Dugar separated from TM Dugar group and formed MV Dugar Group.&nbsp;</p>

<p style="text-align:justify">Among them, KL Dugar is a leading business house in the food industry with brands such as Dhara Oil and Gyan Rice. Similarly, Moti Lal has taken the automobile business to new heights after restructuring the family run business. In addition, the MV Group led by Moti Lal has plans for massive investment in the hydropower sector. Currently, three hydropower projects, totaling 157 MW and amounting to Rs 21 billion, are under construction as part of its plan to engage in projects totaling 500 MW.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard56%287%29.jpg" style="height:1256px; width:800px" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard55%289%29.jpg" style="height:1746px; width:800px" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard58%2810%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Key Business&nbsp;</strong></span></p>

<ul>
	<li>Edible oil and Food Grains Trading</li>
</ul>

<p><span style="font-size:16px"><strong>Employment&nbsp;</strong></span></p>

<ul>
	<li>Business under MV Group employs 1,000 people</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>Gyan Agri is a JV between KL Dugar Group and Global IME Bank Ltd</li>
</ul>

<p><strong><span style="font-size:16px">Planned Investments of MV Dugar Group</span></strong></p>

<ul>
	<li>Hydropower projects to generate 500 MW within the next six to seven years.&nbsp; Out of the 500MW projects, Likhu A (29 MW), Likhu I (77 MW) and Likhu II (51 MW) are under construction with an investment amounting to Rs 21 billion</li>
	<li>MV Group is one of the promoters of Sanima General Insurance Company</li>
	<li>At present, MV Dugar brother looks after the entire Dugar Brothers and Sons Pvt Ltd and the automobile business</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Further expansion in cement, food grains, hydro and edible Oils.&nbsp;</li>
	<li>Lower Madi Hydro (20 MW)</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Estimated annual turnover of KL Dugar Group is at Rs 20 billion</li>
</ul>
</div>
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			'id' => '7946',
			'article_category_id' => '217',
			'title' => 'Golchha Organisation',
			'sub_title' => '',
			'summary' => 'In 1931, Ram Lal Golchha started the Hansraj Hanuman Mal (now Hansraj and Hulaschand) as his first company in Biratnagar to export jute from Nepal to industries in India.90 years after the establishment of the first business entity, members of the Golchha family now operate over 100 companies ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard79.jpg" style="float:right; height:435px; margin:5px; width:85px" />In 1931, Ram Lal Golchha started the Hansraj Hanuman Mal (now Hansraj and Hulaschand) as his first company in Biratnagar to export jute from Nepal to industries in India.90 years after the establishment of the first business entity, members of the Golchha family now operate over 100 companies that have been playing important roles in the development of industrial and trading activities in Nepal.&nbsp;</p>

<p style="text-align:justify">The Golchha Organization is a pioneering industrial group in the country as it is credited for establishing the Biratnagar Jute Mill in 1937, the first factory of Nepal. Ram Lal received advice and support from an Indian jute mill owner Radha Krishna Chamodia to start the mill which inspired other business families to set up industries. His sons Hansraj and Hulaschand took the Golchha Organization to new heights by expanding its business portfolio in various sectors. Golchha Organisation is regarded as the first group in the country to start overseas exports of Nepali products. In 1981, Hulas Steel Industries was jointly established as a Greenfield venture by Golchha Organization and Comcraft of Switzerland.&nbsp; The group in 1988 commenced Him Electronics to produce and supply electrical utilities. Another major business entity of Golchha Organization was started in 1998 as Hansraj Hulaschand and Company (HH Bajaj) to introduce the popular two-wheeler brand Bajaj in Nepal. HH Bajaj which is among the largest trading companies in Nepal is credited for starting a new wave of two-wheeler enthusiasm in the Nepali market by introducing Bajaj Pulsar motorbikes. The Golchha family business in the recent years has gone into restructuring with members of the family operating separately.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard76%283%29.jpg" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard77.jpg" style="height:908px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials&nbsp;&nbsp;</strong></span></p>

<ul>
	<li>Yearly Turnover Rs 45 billion</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>20,000 people</li>
</ul>

<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>Hansraj Hulaschand Bajaj and Hulas Steel are the two key ventures working under the flagship of Golchha Organization.</li>
	<li>Joint Venture: Concraft and Hester Nepal with Hester India are the two foreign joint ventures of the group.</li>
</ul>

<p><span style="font-size:16px"><strong>Upcoming Projects</strong></span></p>

<ul>
	<li>The organisation plans to further invest in life insurance companies, the education sector and in motorcycle assembly plants.</li>
</ul>
</div>
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			'id' => '7945',
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			'title' => 'Golyan Group',
			'sub_title' => '',
			'summary' => 'In the 1950s, Sohan Lal Golyan came to Nepal for a visit but was so enthralled by Nepal’s business potential that he stayed. He decided to set up a trading base in Nepal after observing opportunities in Nepal-India and Nepal-china trade.',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard75%285%29.jpg" style="float:right; height:293px; margin:5px; width:90px" />In the 1950s, Sohan Lal Golyan came to Nepal for a visit but was so enthralled by Nepal&rsquo;s business potential that he stayed. He decided to set up a trading base in Nepal after observing opportunities in Nepal-India and Nepal-china trade. He started trading in spices, textiles, electronics and stationery, among other items and reinvested the profit in the manufacturing sector. His first manufacturing venture came in the form of a textile mill in the late 1970s. The expansion drive that followed created more companies that would later come together as the Golyan Group.&nbsp;</p>

<p style="text-align:justify">In the mid 90s, Golyan Group started Reliance Spinning Mill partnering with the MS Group. The size of the investment of both business houses in the spinning mill had surpassed Rs one billion by the end of the 90s. The mill, which had turned into a highly profitable venture for the partners, had entailed an investment of Rs two billion by the end of the decade. At present, Reliance Spinning Mill exports to India, Bangladesh and Turkey and has an estimated annual turnover of Rs 5 billion. The group has also forged a partnership with MS Group in the areas of synthetic industry and hydropower.</p>

<p style="text-align:justify">In 1998, the Golyan Group started the Shivam Plastic Industries with an initial investment of USD one million. In 1999, the group invested in Dhanalaxmi Synthetic Ltd together with MS Group. The investment in this company exceeded USD 22 million. The group also trades in precious items such as silk, gold and diamond through its two trading units.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard74%282%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Key Business&nbsp;</strong></span></p>

<ul>
	<li>Reliance Spinning Mills</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Hotel project</li>
	<li>Reliance energy in contention to build a 200 MW hydro power in Rolpa district.</li>
	<li>Westar Residency, a 250 apartment residential project.</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>5,000 people</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>Reliance Spinning Mills Ltd is a JV between Golyan Group and MS Group&nbsp;</li>
	<li>Dhanalaxmi Synthetic is a JV between Golyan Group and MS Group</li>
	<li>Golyan Group and MS Group have forged international partnership and are involved in four hydro projects that have a total generation capacity of over 260 MW</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Estimated annual turnover Reliance Spinning Mill is Rs five billion</li>
	<li>Annual turnover of Atlanta Trading Pvt Ltd exceeds USD 20 million, Shivam Plastic Industries exceeds USD 15 million, Himali Pashmina exceeds USD 15 million and Tricot Industries exceeds USD 150 million</li>
</ul>
</div>
',
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			'created' => '2018-04-12',
			'modified' => '2018-04-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7726',
			'image' => '20180412105150_Clipboard73.jpg',
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	(int) 6 => array(
		'Article' => array(
			'id' => '7944',
			'article_category_id' => '217',
			'title' => 'ICTC Group',
			'sub_title' => '',
			'summary' => 'It all started with a small stationery mart at New Road in 1974 with a capital of Rs 100,000 that set up the foundation for the formation of ICTC Group. The stationary business, started by Ram Lal Shrestha, mostly catered to government and semi-government clients. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard71%284%29.jpg" style="float:right; height:333px; margin:5px; width:100px" />It all started with a small stationery mart at New Road in 1974 with a capital of Rs 100,000 that set up the foundation for the formation of ICTC Group. The stationary business, started by Ram Lal Shrestha, mostly catered to government and semi-government clients. His relationship with such clients proved to be a beneficial leverage to start a business that catered the service of representation and liaisoning to foreign firms giving birth to Inter-Continental Trading Concern in 1975. In the 1970s, ICTC had established Himalayan Brick Factory and electric bulb production plant, but both failed. In 1978, its initials were retained to form ICTC Pvt Ltd with a capital base of Rs 5,000. In the same year, ICTC was engaged in its first project, Lower Marshyangdi Hydropower Project. Today, with its four decades of experience in providing representation and liaisoning service, ICTC boasts of specialisation in providing support to foreign firms entering Nepal.&nbsp;</p>

<p style="text-align:justify">Since 1991, the group started diversifying into a range of business activities but keeping its focus mainly on five business sectors &ndash; services, engineering and construction, energy, consumer products and information and communication services. Within these sectors, the group has presence in business areas such as insurance, beverages, hospitality, hydropower and real estate development, consumer product trading, marketing and distribution, IT, communication, software development and business process outsourcing services.&nbsp;</p>

<p style="text-align:justify">In 1991, the group established Taragaon Regency Hotels Ltd under the Public Private Partnership (PPP) model, with investments coming from the government, Asian Development Bank (ADB) and the ICTC. The Taragaon Regency is considered among the first PPPs in Nepal that started operating Hyatt Regency Kathmandu in 2000. Three years later, the group promoted Premier Insurance Co, a general insurance company, landing its investment in the insurance sector. The group also has presence in liquor manufacturing through its Highland Distillery. According to Dinesh Lal Shrestha, Highland Distillery is the second largest distillery in Nepal in terms of business turnover and its net profit stood at Rs 430 million in 2016.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard72%283%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Annual Turnover&nbsp; Rs 1.6 billion in hotel businesses, Rs 1.5 billionin insurance, Rs 3.5 billion in liquor business</li>
	<li>Estimated turnover from Solu hydroelectric project once the project starts commercial production is Rs 700 million&nbsp;</li>
	<li>Rs 758 millionin 2015 from Prime International (confectionaries, liquor, beer and detergents)</li>
</ul>

<p><span style="font-size:16px"><strong>Key Business</strong></span>&nbsp;</p>

<ul>
	<li>Service</li>
	<li>Engineering and Construction&nbsp;</li>
	<li>Energy&nbsp;</li>
	<li>Consumer products&nbsp;</li>
	<li>Information and communication services</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>Hyatt Regency Kathmandu</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Projects</strong></span></p>

<ul>
	<li>Expansion within Hyatt Regency Kathmandu adding 150 rooms</li>
	<li>A 4-star hotel primarily catering to Chinese tourists</li>
	<li>International Exhibition Centre with 1,000 car capacity</li>
	<li>Taragaon Village, a Boudha-based project with a replica of Thamel&nbsp;</li>
	<li>Engagement in government projects including Upper Karnali with India&rsquo;s GMR and West Seti with China&rsquo;s Three Gorges</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>1,000 people</li>
</ul>
</div>
',
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			'created' => '2018-04-12',
			'modified' => '2018-04-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7725',
			'image' => '20180412104529_Clipboard70.jpg',
			'article_date' => '2018-04-12 00:00:00',
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	(int) 7 => array(
		'Article' => array(
			'id' => '7943',
			'article_category_id' => '217',
			'title' => 'IME Group',
			'sub_title' => '',
			'summary' => 'Chandra Prasad Dhakal who began his career as a banker at Rastriya Banijya Bank decided to take up a cargo business in 1992 after sensing opportunity in it. In 2001, he along with his brother Hem Raj Dhakal, ventured into the remittance business by establishing International Money Express (IME) in Nepal and Malaysia. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard68%282%29.jpg" style="float:right; height:319px; margin:5px; width:90px" />Chandra Prasad Dhakal who began his career as a banker at Rastriya Banijya Bank decided to take up a cargo business in 1992 after sensing opportunity in it. In 2001, he along with his brother Hem Raj Dhakal, ventured into the remittance business by establishing International Money Express (IME) in Nepal and Malaysia. IME is Nepal&#39;s first private sector money transfer company. Considering the mass labour migration from Nepal, it was the right choice of business that gained immense repute across the migrant workers&rsquo; community. IME also proved to be a defining innovation for the country&rsquo;s financial system enabling formal channelisation of remittance into the country.&nbsp;</p>

<p style="text-align:justify">Later, the group entered the financial sector with IME Finance. In the year 2012, IME Group consolidated its position in the banking sector with the merger of Global Bank, IME Finance and Lord Buddha Finance into Global IME Bank. The bank further merged with Commerz and Trust Bank Nepal and also acquired Pacific Development Bank and Reliable Development Bank.</p>

<p style="text-align:justify">At present, IME Group is one of the fastest growing business conglomerates in Nepal. It has a strong presence in the insurance sector as well. The group acquired 40 percent stake of NB Insurance in 2014 and rebranded it as IME General Insurance. The group is also a major promoter of IME Life Insurance. A year ago, the group helmed an NPR 3.2 billion Chandragiri Hill project, marking its grand entry into the tourism and hospitality sector.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard67%285%29.jpg" style="height:1454px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Annual turnover USD 1,200 million</li>
	<li>Remittance and banking are the key revenue generators for the group with a market share of 35-40 percent in the remittance business</li>
	<li>Investment of USD 100 million in diverse sectors including banking and insurance and automobiles</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>IME Life Insurance is a joint venture between IME Group, Hathway Group and Bhatbhateni</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments&nbsp;</strong></span></p>

<ul>
	<li>Planning major expansion with IME Pay that will look into the mobile wallet.&nbsp;</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>3,000 people</li>
</ul>
</div>
',
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			'created' => '2018-04-12',
			'modified' => '2018-04-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7724',
			'image' => '20180412103326_Clipboard69.jpg',
			'article_date' => '2018-04-12 00:00:00',
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	(int) 8 => array(
		'Article' => array(
			'id' => '7942',
			'article_category_id' => '217',
			'title' => 'Jyoti Group',
			'sub_title' => '',
			'summary' => 'The family business started with the establishment of a cloth shop by Bhajuratna Kansakar. He also produced copper items and started exporting household utensils to Tibet from Kalimpong in 1921. As trade started to thrive, Bhajuratna also gradually became popular in Tibet getting the nickname',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard65%285%29.jpg" style="float:right; height:325px; margin:5px; width:90px" />The family business started with the establishment of a cloth shop by Bhajuratna Kansakar. He also produced copper items and started exporting household utensils to Tibet from Kalimpong in 1921. As trade started to thrive, Bhajuratna also gradually became popular in Tibet getting the nickname &lsquo;Syamukapu&rsquo; (meaning white hat in Tibetan).&nbsp; After the political changes in Tibet, he stopped trading there.&nbsp;</p>

<p style="text-align:justify">In the 1940s, Bhajuratna moved to Calcutta and tried his hand at iron mining. The Kansakar&rsquo;s business quest in India ended in the 1960s when he moved back to Nepal. In 1961, his son Maniharsha Kansakar established Himal Iron and Steel, Nepal&rsquo;s first iron and steel factory laying the foundations of the Jyoti Group. From the 1960s, the firm moved into the production of cement, textile (spinning mills and yarn processing plants), steel and wires and gas and medicines and delivery of services such as engineering, import-export, logistic solutions, tourism and health care. The group has maintained a strong presence in the two-wheeler industry ever since it established the Syakar Company in 1976 which became the authorised distributor for Honda and later Hero Honda two-wheelers in 1986. Currently, Syakar serves as the authorised distributor and retailer of Honda two and four-wheelers and Philips home appliances while another subsidiary, Nepal General Marketing, serves as the exclusive authorised distributor of Hero bikes. Apart from service, trading and manufacturing, the group is a business promoter at Sagarmatha Insurance Company and Grande International Hospital.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard64%285%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>Himal Agriculture Firm is a collaboration between MaHa Agriculture and Jyoti Group</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>The estimated annual turnover of the group is USD 150 million</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>3,000 people</li>
</ul>
</div>
',
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			'created' => '2018-04-12',
			'modified' => '2018-04-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7723',
			'image' => '20180412102137_Clipboard66.jpg',
			'article_date' => '2018-04-12 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '7941',
			'article_category_id' => '217',
			'title' => 'KC Group',
			'sub_title' => '',
			'summary' => 'Surya Bahadur KC established KC Construction in 1973, taking inspiration from his father Kirti Bahadur KC who upon his return from India started a construction business and undertook construction contracts for roads in Syangja and Pokhara. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard62%287%29.jpg" style="float:right; height:279px; margin:5px; width:150px" />Surya Bahadur KC established KC Construction in 1973, taking inspiration from his father Kirti Bahadur KC who upon his return from India started a construction business and undertook construction contracts for roads in Syangja and Pokhara. The same construction company now specializes in constructing hydropower projects, dams and other commercial constructions. The company is currently undertaking the construction of infrastructures on the premises of Nepal Army Headquarters, Bhadrakali.&nbsp;</p>

<p style="text-align:justify">Eight years later, after the establishment of KC Construction, KC Group established Himshree Foods, the producer of &lsquo;Rara&rsquo; noodles, a popular instant white noodle brand in Nepal, whose popularity hasn&rsquo;t faded despite strong competition from other noodle brands including Chaudhary Group&rsquo;s Wai Wai. The food processing company also manufactures brown noodles and snacks.&nbsp;</p>

<p style="text-align:justify">Starting from 2005, KC Group has made extensive investment in the hydropower sector too. The 4.8 MW Gandaki hydropower project of KC Group came into operation in 2010. The Group has since been strongly focusing on hydropower projects. Other than Gandaki hydropower project, the group currently operates 1 MW Task Hydropower project and 4.5 MW Bhagwati Hydropower project. The undertaking of hydropower projects is a key milestone in the group&rsquo;s business journey. The group has investment over NRs 2 billion in the 13 MW Sikles hydro project that has already started trial production. In addition, the construction work of Upper Madi whose PPA has already been finalised is scheduled to start soon. The group has projects such as Bijaypur-2, Jhyamulunga and Upper Seti hydro project&nbsp; in the pipeline.&nbsp;</p>

<p style="text-align:justify">In 1998, KC Group founded Machhapuchchhre Bank, the first commercial bank of Nepal based in the western region of the country. Almost two decades later, the group entered the insurance business in 2017 with Sun Nepal Life Insurance. The group operates a housing project and a golf course in Pokhara and has a strong presence in the education sector too.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard63%286%29.jpg" style="height:1511px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Employment&nbsp;&nbsp;</strong></span></p>

<ul>
	<li>900 people</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span><br />
<strong>Annual Turnover</strong></p>

<ul>
	<li>Rs 500 million from hydropower projects</li>
	<li>Rs 2 billion from construction projects</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments&nbsp;</strong></span></p>

<ul>
	<li>Plans to reach 100 MW operating capacity by 2020 with Karuwa Hydro (36 MW), Upper Madi (7 MW), Upper Seti (20 MW), Bijaypur-2 (4.5 MW)&nbsp;</li>
	<li>Noodle Factory in Bardiya with an investment over Rs one billion</li>
</ul>
</div>
',
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			'created' => '2018-04-12',
			'modified' => '2018-04-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7722',
			'image' => '20180412101631_Clipboard61.jpg',
			'article_date' => '2018-04-12 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '7940',
			'article_category_id' => '217',
			'title' => 'Kedia Organization',
			'sub_title' => '',
			'summary' => 'Kedia Organization is among the oldest business houses in Nepal. Ram Kumar Kedia and his sons Mahabir Prasad Kedia and Brij Lal Kedia laid the foundation of the business house in 1909 when they ventured into business as cloth merchants. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard57%288%29.jpg" style="float:right; height:327px; margin:5px; width:100px" />Kedia Organization is among the oldest business houses in Nepal. Ram Kumar Kedia and his sons Mahabir Prasad Kedia and Brij Lal Kedia laid the foundation of the business house in 1909 when they ventured into business as cloth merchants. Together, they established fabric stores in Birgunj and Kathmandu to sell clothes imported from India. Brij Lal Kedia took the initiative of expanding the group&rsquo;s business interest by trading in food grains and later established the Bhagwati Rice Mill which was a modern rice mill at the time. Brij Lal also established other food grain factories including lentils processing plants. He also stepped into construction by forging partnerships with local municipal authorities.&nbsp;</p>

<p style="text-align:justify">The third generation Kedias took the family business further. Shankar Lal Kedia expanded the group business by setting up plants to manufacture corrugated steel, steelf urniture, and stainless steel and copper utensils, textile, umbrella, socks, wheat flour, among others. The group also focused on importing a number of foreign products. According to Manoj Kedia, Kedia Organization used to export lentils to Sri Lanka, Bangladesh and a few European countries and rice to Tibet in its early days.&nbsp;</p>

<p style="text-align:justify">The group has still maintained a strong presence in trading with around a dozen firms engaged in importing a wide range of products including fabrics, paper, metals and minerals, construction supplies, fertilisers and chemicals, medicines, consumer electronics and electrical items and cosmetics. The group also represents international brands such as Haier, Hisense, Toshiba, Evernal and Mitsuma in Nepal.&nbsp;</p>

<p style="text-align:justify">In 1993, Kedia Organization established the Sundar Candles in Birgunj. In 1994, Manoj Kedia started the Sitaram Gokul Milks. The group is also engaged in the automobile and petroleum trading business. It introduced the US petroleum and lubricants brand Caltex in Nepal which is still operational in Birgunj as Kedia Auto. With its interests in the BFI sector, Kedia Organization has played a leading role in promoting Siddhartha Bank and Siddhartha Insurance which were established in 2002 and 2006 respectively. In 2017, Kedia Organization restructured its family business after realising that its presence in diverse sectors was becoming difficult to manage under the traditional family-based management system which was affecting the growth of its business interests.&nbsp;&nbsp;</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard58%289%29.jpg" style="height:1723px; width:800px" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard59%285%29.jpg" style="height:335px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>Sugar Industry</li>
	<li>Cement Industry</li>
	<li>DAV Kedia</li>
	<li>Yeti Fabrics</li>
	<li>Sitaram Gokul Milks</li>
	<li>Siddhartha bank and insurance</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Ventures</strong></span></p>

<ul>
	<li>Brij Cement is a joint venture between Kedia and Indian company, Shanta Cement Pvt Ltd.&nbsp;</li>
	<li>Arghakhanchi Cement is a joint venture between Uma Cement International, India and Kedia Group, Siddhartha Group and Murarka Group from Nepal</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Hydropower projects</li>
	<li>Oil and gas exploration and thermal power plant,&nbsp;</li>
	<li>General and life insurance company</li>
	<li>Housing &amp; Real Estate Development (Greenwood Villa)</li>
	<li>Manufacturing industry in the area of steel, plastic, sugar and medicines&nbsp;</li>
	<li>Spices processing and agro-forestry</li>
</ul>
</div>
',
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			'created' => '2018-04-12',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '7721',
			'image' => '20180412100956_Clipboard60.jpg',
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	(int) 11 => array(
		'Article' => array(
			'id' => '7939',
			'article_category_id' => '217',
			'title' => 'Keyal Group',
			'sub_title' => '',
			'summary' => 'Keyal Group’s history can be traced back to more than a century when Gauri Shanker Keyal started as a clothes merchant. In 1951, Gulab Raj Keyal, son of Gauri Shanker Keyal opened a saw and a rice mill in Birgunj. It was a stepping stone in the formation of the Birgunj-based industrial and trading house. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard56%286%29.jpg" style="float:right; height:286px; margin:5px; width:90px" />Keyal Group&rsquo;s history can be traced back to more than a century when Gauri Shanker Keyal started as a clothes merchant. In 1951, Gulab Raj Keyal, son of Gauri Shanker Keyal opened a saw and a rice mill in Birgunj. It was a stepping stone in the formation of the Birgunj-based industrial and trading house. However, the Keyal family kept a low profile for most of the next 35 years.&nbsp; Keyal Group&rsquo;s defining moment arrived in 1986 when Satya Narayan Keyal, son of Gulab Raj Keyal, started a hardware and paints store in Birgunj, moving away from his family business of fabrics and food grains. He then became a construction materials supplier, particularly of steel and iron products, to the local manufacturing industry. In 1993, the opening of a hardware store in Kathmandu proved to be a milestone in the group&rsquo;s history. The hardware store chain now has 11 outlets across the country of which seven are located in Kathmandu.&nbsp;</p>

<p style="text-align:justify">The group started the Narayani Rolling Mills in 1994 and commenced production of steel products. In 1999, the group established Shree Krishna Steels that manufactured steel pipes and shuttering profiles. In 2002, the group entered the cement business by setting up Star Cement Industry. In 2016, the group established Gorkha Feed Industries to produce feed for poultry, fish and cattle.&nbsp;</p>

<p style="text-align:justify">In 2017, the group established Gorkha Wire Industries and AAC Blocks Industries. In recent years, the group has expanded its portfolio further into a broad range of other trading sectors such as food grains, pharmaceuticals, surgical products, consumer electronics and a variety of hardware accessories and tools.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard54%287%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Employment&nbsp;</strong></span></p>

<ul>
	<li>1,000 people</li>
</ul>

<p><span style="font-size:16px"><strong>Key Revenue Generator</strong></span></p>

<ul>
	<li>Steel and cement&nbsp;</li>
	<li>Trading of construction materials and hardware</li>
</ul>
</div>
',
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			'id' => '7938',
			'article_category_id' => '217',
			'title' => 'Khetan Group',
			'sub_title' => '',
			'summary' => 'The foundation of Khetan Group was laid by Kishun Ram Khetan (great-great grandfather of Rajendra Khetan) some 170 years ago during the Nepal-Tibet War of 1855-1856. He supplied rice and salt to the Nepali soldiers. After the war, Khetan continued his venture as a trading business.',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard51%2815%29.jpg" style="float:right; height:472px; margin:5px; width:90px" />The foundation of Khetan Group was laid by Kishun Ram Khetan (great-great grandfather of Rajendra Khetan) some 170 years ago during the Nepal-Tibet War of 1855-1856. He supplied rice and salt to the Nepali soldiers. After the war, Khetan continued his venture as a trading business. Besides the local business, the Khetan family started importing fabrics from India in 1910. It was Kishun Ram&rsquo;s son Purna Mal Bihari Lal Khetan who established the Khetan Group. In 1937, the Khetans registered their firm and became one among the first 32 registered companies in Nepal.&nbsp; His son Mohan Gopal Khetan took the family run business into a new era by stepping into different industrial and business sectors. In 1970, Khetan Group started its first business diversification by exporting jute and lentils. The group in the mid-1970s commenced Bottlers Nepal Limited thereby beginning the bottling and supplying of Coca-Cola in Nepal. Gorkha Brewery is another milestone for the group which was established in 1989 as a joint venture with Danish multinational company Carlsberg Breweries.In 1990, the launch of Tuborg Beer by Gorkha Brewery marked the first international beer brand produced in Nepal. Production of Carlsberg started in 1995. The company since 2004 has been brewing and marketing the Filipino beer brand San Miguel Beer by acquiring Mount Everest Brewery. Khetan Group is also among the business houses that helped foster the BFI sector in Nepal in the 1990s and 2000s. The establishment of the Himalayan Bank Limited in 1993 is an example in this regard where the group partnered with other Nepali business houses and the Habib Bank of Pakistan to form a joint venture. Similarly, the group also stepped into the insurance market in 1994 with the establishment of the Everest Insurance Company. Another major banking venture for the group came in 2002 as Laxmi Bank Limited which was established as the 16th commercial bank in the country. In 2007, Khetan Group initiated Prime Life Insurance Company.&nbsp; Earlier, Khetan Group had also invested in the aviation sector. It established the Nepal Air Charter Service which is the first private sector airline in Nepal. In 1992, the group commenced Everest Air which was among the major domestic airliners in the early and mid 1990s. In 2000, the group further diversified its manufacturing portfolio by entering into snacksproduction by establishing the Himalayan Snax &amp; Noodles Company in a joint venture with Thai Presidents Foods.&nbsp;&nbsp;</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard52%2812%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Net Worth: Rs 50 Billion</li>
</ul>

<p><span style="font-size:16px"><strong>Annual revenue from shareholder fund</strong></span></p>

<ul>
	<li>Rs 3 billion</li>
</ul>

<p><span style="font-size:16px"><strong>Key Revenue generator</strong></span></p>

<ul>
	<li>FMCG and financial sector</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Life Insurance, Non-life Insurance, Re-insurance</li>
	<li>Venture Capital/Private Equity/Hedge Fund</li>
	<li>Credit Rating, stock brokerage, stock exchange</li>
	<li>Mutual fund venture&nbsp;</li>
	<li>FinTech</li>
	<li>If the government allows investment in foreign lands, Khetan may look into expansion beyond the borders</li>
</ul>
</div>
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			'sortorder' => '7719',
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			'id' => '7921',
			'article_category_id' => '217',
			'title' => 'Laxmi Group',
			'sub_title' => '',
			'summary' => 'The brother duo of Buddhi Bahadur Shrestha and Ganesh Bahadur Shrestha worked at Siddharth Highway Project and Land Reform Office respectively during their hey days. But after seeing a substantial market for confectionary items, they started their own business. Together, they opened a small confectionery factory called ‘Laxmi Mithai Bhandar’ in Pokhara in 2030 BS ',
			'content' => '<p style="text-align:justify">The brother duo of Buddhi Bahadur Shrestha and Ganesh Bahadur Shrestha worked at Siddharth Highway Project and Land Reform Office respectively during their hey days. But after seeing a substantial market for confectionary items, they started their own business. Together, they opened a small confectionery factory called &lsquo;Laxmi Mithai Bhandar&rsquo; in Pokhara in 2030 BS (1974) with an initial investment of NPR 2,000 that included money borrowed from neighbours. Using local knowhow about producing &lsquo;pustakari&rsquo;, a local sweet item, the two brothers used Indian manual machines to produce chocolates. At the time, their competitors like Nebico and Pashupati Biscuits used advanced German-made machines. Within two years, the brothers upgraded the production line with semi-automatic machines.<img alt="" src="/userfiles/images/Clipboard39%286%29.jpg" style="float:right; height:341px; width:100px" /><br />
The same year, Laxmi Mithai Bhandar moved into the newly opened Pokhara Industrial Zone and was renamed as Jay Ma Laxmi Confectionary Industry which expanded into further units like Suva Laxmi, Maha Laxmi and Mahashakti Chocolate Company. These units produced popular chocolate items like Orange Ball, Diamond, Laxmi Sweets and Rimjhim Ball. In 1986, the two brothers established Jaya Ma and Jaya Confectionaries, which introduced candies like Mango Tart, Lacto Fun and Yo Yo, which were extremely popular brands. Laxmi Group continued with their business expansion with the establishment of Jaya Packaging Industry in 1988 and Jaya Polythene Industry in 1991. In 1995, Suva Laxmi, Jay Ma and Laxmi merged into a single entity known as Sujal Foods. Sujal Foods is the producer of popular chocolate &lsquo;Choco Fun&rsquo; and &lsquo;Sujal Gum&rsquo; chewing gum.<br />
In 2005, the group entered the dairy market with the establishment of Sujal Dairy. The dairy company was formed following the successful acquisition of Pokhara Milk Supply Scheme (PMSS), a Pokhara unit of Dairy Development Corporation (DDC). The group then started a powder plant in 2063 BS. In 2006, Laxmi Intercontinental became the local dealer for Hyundai automobiles quickly becoming its sole authorised dealer by 2010. Laxmi Intercontinental has been a game changer not just for Laxmi Group, changing the automobile landscape in the family car segment and setting industry benchmarks in terms of product quality, sales points and after-sales services.<br />
Laxmi Group believes that the establishment of &lsquo;Laxmi Mithai Bhandar&rsquo; in 1974 and Sujal Dairy Pvt Ltd in 2005 established them as a prominent business group in Nepal.</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard40%287%29.jpg" style="height:1258px; width:800px" /></p>

<p style="text-align:justify">&nbsp;</p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>Automobile: market share of 35 percent</li>
	<li>Confectionary: market share of 40 percent</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Tourism (Hotel and Resorts in Kathmandu, Pokhara and Dhulikhel)</li>
	<li>Expand confectionery exports</li>
	<li>Trading (another mobile brand)</li>
	<li>Construction materials</li>
	<li>Contract farming</li>
	<li>Infrastructures</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>1700 people</li>
</ul>
</div>

<p>&nbsp;</p>
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			'id' => '7918',
			'article_category_id' => '217',
			'title' => 'Mahato Group of Industries',
			'sub_title' => '',
			'summary' => 'Born to a family of farmers in Siraha, Dr Upendra Mahato later became one of the richest Nepalis. After the completion of high school, Mahato migrated to Russia in a scholarship for an undergraduate degree in engineering. There he became a trader of electronic goods and jeans to sustain in the foreign land.',
			'content' => '<p style="text-align:justify">Born to a family of farmers in Siraha, Dr Upendra Mahato later became one of the richest Nepalis. After the completion of high sc<img alt="" src="/userfiles/images/mggggg.jpg" style="float:right; height:297px; width:150px" />hool, Mahato migrated to Russia in a scholarship for an undergraduate degree in engineering. There he became a trader of electronic goods and jeans to sustain in the foreign land. After completing his Phd in Soil Mechanics in 1996, Dr Mahato commenced a crude oil refinery called Syntez Pvt Ltd in Belarus. Later, he bought a television manufacturing company in Moscow and further expanded his business interest there by opening an electronics supermarket and a fashion and sports mall. In Russia, Dr Mahato expanded his business activities into real estate and construction as well. He also bought a Belarus-based plant named Amkador that specialises in manufacturing heavy equipment.<br />
Dr Mahato&rsquo;s first and major investment in Nepal was in the year 2004 in Mero Mobile, the first private telecommunication company in Nepal that is now known as Ncell. Together with Jiba Lamichhane (another Russia-based NRN) and other NRNs, Dr Mahato has made significant investments in hydropower sector under Sanima Hydro, a group of hydro-related companies with investments from NRNs and general public. Mahato&rsquo;s other key investments are in health, banking, education, media and communication sectors. Expanding his investments in Nepal, Dr Mahato opened a 350-bed state-of-the-art hospital in Kathmandu in 2017, Nepal Mediciti, which plans to expand to a 750-bed hospital in the near future.<br />
In 2003, Dr Mahato founded Non Resident Nepali Association (NRNA), an association of Nepalis residing in different parts of the world, with a view to secure and promote their interest in and outside Nepal and leverage their potentials in the development of Nepal.&nbsp;</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/mggg.jpg" style="height:1655px; width:800px" /></p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Nepal MediCiti is estimated to have sole investment of NRs 10 billion from Dr Upendra Mahato</li>
</ul>
</div>

<p><img alt="" src="/userfiles/images/mmmggg.jpg" style="height:546px; width:800px" />&nbsp;</p>
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			'id' => '7969',
			'article_category_id' => '217',
			'title' => 'Bhat-Bhateni Group',
			'sub_title' => '',
			'summary' => 'Min Bahadur Gurung, the chairman and managing director of Bhat-Bhateni Group, is known for turning a small grocery store into a retail giant. He found both fame and fortune with his supermarket and departmental store chain Bhat-Bhateni. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard42%286%29.jpg" style="float:right; height:201px; margin:5px; width:100px" />Min Bahadur Gurung, the chairman and managing director of Bhat-Bhateni Group, is known for turning a small grocery store into a retail giant. He found both fame and fortune with his supermarket and departmental store chain Bhat-Bhateni. In his early twenties, Gurung, a master&rsquo;s degree holder in economics, had a banking job at Nepal Bank Ltd and was stationed at Nepalgunj. In 1984, Gurung started Bhatbhateni Cold Store, a small retail grocery shop with an initial investment of NRs 35,000 which laid the foundation of his future as one of the successful businessmen in Nepal.&nbsp;</p>

<p style="text-align:justify">Gurung who was juggling the obligations of his banking job in Nepalgunj and his store in Kathmandu until 1992 finally gave up his banking career to fully focus on his business which he believed had immense possibilities. By that time, he already had expanded his cold store to the second floor of the building where he operated his cold store on the first floor. His hard work paid off and Bhat-Bhateni became a leading supermarket and departmental store of Nepal.&nbsp;</p>

<p style="text-align:justify">In the last decade, Bhat-Bhateni has been in a massive expansion spree and has opened 13 stores beginning from one at Maharajgunj of Kathmandu in 2008. These stores are located at various convenient parts of Kathmandu, Bhaktapur, Lalitpur, Pokhara, Chitwan, Dharan and Butwal. It is estimated that there is a daily combined footfall of more than 50,000 people in these stores making Bhat-Bhateni a leading retail chain of Nepal with an estimated daily annual turnover of USD 350,000. Min Bahadur Gurung has further diversified his business interest with investments in the 42 MW Mistri Khola Hydropower Project developed by Robust Energy and Chandragiri Hills Pvt Ltd.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard43%2810%29.jpg" style="height:430px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Bhat-Bhateni is estimated to have&nbsp; a daily turnover of&nbsp; USD 350,000</li>
	<li>13 of the 14 stores&nbsp; of Bhat-Bhateni Group operates&nbsp; in its own property</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>4,500 store staff</li>
</ul>

<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>Chain of Bhat-Bhateni Supermarket and Departmental Store</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investment</strong></span></p>

<ul>
	<li>Expansion plan in Kathmandu and other parts of the country</li>
	<li>Rs two billion investment in upcoming departmental store in Biratnagar</li>
	<li>Establishing Farmer Co-operatives</li>
</ul>
</div>
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			'id' => '7968',
			'article_category_id' => '217',
			'title' => 'Chachan Group',
			'sub_title' => '',
			'summary' => 'In its initial days, Chachan Group traded in a range of commodities such as leather and leather products, cement, vegetable ghee, food grains, lentils, oil seeds, spices, consumer goods, fertilisers, pulses, edible oils and animal feeds.',
			'content' => '<p><img alt="" src="/userfiles/images/Clipboard45%288%29.jpg" style="float:right; height:361px; margin:5px; width:90px" />In its initial days, Chachan Group traded in a range of commodities such as leather and leather products, cement, vegetable ghee, food grains, lentils, oil seeds, spices, consumer goods, fertilisers, pulses, edible oils and animal feeds. As the business thrived, Chachan Group transformed itself into a business group with several manufacturing units producing the same commodities that it once simply traded.&nbsp;</p>

<p>Today, Chachan Group imports spices, fertilisers, sugar, cement and coal and agro-equipments through its four different trading firms. The group started trading in coal in 2011.&nbsp; The group is also a manufacturer of different popular brands of cement such as Trishakti and Jay Bageshwari. The group produces cement through Narayani Cement Udhyog and Jai Bageshwari Cement. The latter was established three years ago.&nbsp;</p>

<p>The group is strongly focused on its cement industries and plans to establish several clinker plants. It has already bought limestone mines in parts of Udaypur, Palpa and Arghakhanchi district.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard46%2814%29.jpg" style="height:912px; width:800px" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard47%2811%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Planned Investment</strong></span></p>

<ul>
	<li>Clinker plants&nbsp;</li>
	<li>Expansion of Jay Bageshwori Cement Industry</li>
	<li>Cement grinding plant in Nepalgunj</li>
	<li>Plans to acquire a limestone quarry in the hilly area of Makwanpur district</li>
</ul>

<p><span style="font-size:16px"><strong>Key Revenue Generator</strong></span></p>

<ul>
	<li>Manufacturing (Cement Industry)&nbsp;</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Annual turnover exceeds Rs 4 billion, 70 percent contributed by the cement wing of the group</li>
</ul>
</div>
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			'id' => '7967',
			'article_category_id' => '217',
			'title' => 'Chaudhary Group',
			'sub_title' => '',
			'summary' => 'It was in the late 19th century when Bhuramull Chaudhary opened a shop on Juddha Sadak (now New Road), on an initial yearly rental fee of Rs 200, to deal in textiles imported from various parts of India. Bhuramull Chaudhary was among the few privileged businessmen permitted to enter the palace of Rana Prime ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard49%2813%29.jpg" style="float:right; height:517px; margin:5px; width:100px" />It was in the late 19th century when Bhuramull Chaudhary opened a shop on Juddha Sadak (now New Road), on an initial yearly rental fee of Rs 200, to deal in textiles imported from various parts of India. Bhuramull Chaudhary was among the few privileged businessmen permitted to enter the palace of Rana Prime Minister Juddha Shumsher. He, along with his son Lunkarandas Chaudhary, carried items from his shop to the palace with the help of porters and arranged an open shop in the courtyard for the royals and the courtiers. This business operation used to function under the informal name of Bhuramull Lunkaran Das as the registration of private business firms was not required back then.&nbsp;</p>

<p style="text-align:justify">Young Lunkarandas took over the business after the demise of his father and went ahead with the business of exporting jute from Biratnagar to overseas markets including United States and Europe. His firms Bhuramull Lunkaran and Arun Impex also used to import fabrics from Japan and Korea.&nbsp;</p>

<p style="text-align:justify">After the success in textiles and jute trading, Lunkarandas established a number of pioneering industries and businesses in the 1960s and early 70s in the country. To name a few, Flooring and Furnishing Center, Modern Hosiery Industry Pvt Ltd, Nepal Spinning and Weaving Pvt Ltd, Arun Emporium, Arun Impex and Ratna Stainless Steel Pvt Ltd are companies started by him that are consideredto be the first companies in Nepal to start the modern businesses of flooring and furnishing, hosiery, synthetic yarn production, departmental stores and manufacturing of stainless steel utensils using Japanese technology, among others. Established in 1957, United Builders was another major business venture of Lunkarandas which constructed the Hotel Soaltee Crowne Plaza and Kathmandu-Trishuli road.&nbsp;&nbsp;</p>

<p style="text-align:justify">Binod Chaudhary, the elder among the three sons of Lunkarandas, has been taking the conglomerate to new international heights by establishing a vast business empire throughout the globe. With his efforts, the group in 1985 started production of Wai Wai instant noodles which used to be produced by Thai Preserved Food Factory Company. CG made every effort to turn the precooked brown noodles into an international Nepali brand. Today, Wai Wai has not only become the biggest brand in Nepal but is also the fastest growing Nepali noodles brand in India where its manufacturer CGFI claims to have a 27 percent market share. In a full swing to go global, Chaudhary Group over the last two years has forayed into the European and US noodles market with its flagship brand Wai Wai. The three Chaudhary brothers own and manage separate businesses but use the same CG banner.</p>

<p style="text-align:justify">After achieving big successes in Nepal, the group made its first international foray with Cinnovation Group in Singapore in 1990. Cinnovation is regarded as the first and only Nepali multinational company to step into the global business arena. It is a multidimensional business approach of the Chaudhary Group which has a wide range of interests in areas including hotels and resorts, wildlife and in-bound tourism, FMCG (food and beverage), real estate,cement and financial services. With 48 companies, Cinnovation has over 4,300 employees across the world.</p>

<p style="text-align:justify">Chaudhary Group now operates in all five continents of the world. It has 136 companies under its umbrella with a diversified business portfolio in sectors including FMCG, consumer electronics, financial services, hospitality and travel, automobile, education, health, energy, real estate and housing, biotech and agribusiness, among many others.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard50%2812%29.jpg" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard51%2816%29.jpg" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard52%2813%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Net Worth of Binod Chaudhary and Family :&nbsp; USD 1.37 billion</li>
	<li>Net Worth of CG Corp Globa l: USD 2.5 billion</li>
	<li>(Headquartered in Nepal, with a portfolio of 136 companies and 76 brands spread over 30 different countries.)</li>
</ul>

<p><span style="font-size:16px"><strong>Employment&nbsp;</strong></span></p>

<ul>
	<li>Businesses under Binod Chaudhary&nbsp; excluding banks, finance and insurance company employs 4,500 staff</li>
</ul>

<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>FMCG- 15%, Financial Services- 15%, Hospitality- 10%, Electronics- 10%, Others- 50%&nbsp;</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Ventures&nbsp;</strong></span></p>

<ul>
	<li>Taj Hotels Resorts &amp; Palaces, a JV between CG Hotels and Resorts, Taj Group &amp; Beyond</li>
	<li>Taj Safaris, a JV between CG Hotels and Resorts, Taj Group and &amp; Beyond</li>
	<li>Jetwing Zinc Journey, a Joint Venture between CG Hotels and JW Hotels</li>
	<li>Summit Hotel is a JV between CG and NE Group</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Fresh investment of over Rs 50 billion in existing businesses in Nepal in the next three years to generate new job opportunities.</li>
	<li>Rapidly increase investments in energy, hospitality and property sectors in Nepal.</li>
	<li>Invest around Rs 17 billion into a 60MW storage hydroelectric project.</li>
	<li>Channel Rs 2.8 billion in 15.1MW Middle Madi and Rs 7.5 billion in 44MW Super Madi hydroelectric projects.</li>
	<li>Planning to invest Rs 10 billion in the real estate sector within 2020; CG Legend, a multipurpose complex spread across 400,000 square feet of land in Pulchowk, being one of the projects.</li>
	<li>Addition of 120 rooms in 35-year-old Summit Hotel at Kupondole at a cost of Rs 2 billion.</li>
	<li>Completion of Zinc City, hotel in Jhamsikhel, through an investment of Rs 1.5 billion.</li>
	<li>Construction of Panchakarma, a wellness centre with 18 villas, in Nawalparasi at a cost of Rs 500 million.</li>
	<li>Proposed: Rs 9.4 billion in cement plants in Palpa and Dumbkibas, Rs 1 billion in CG Brewery, Rs 800 million in Wai Wai plants in Nawalparasi and Sunsari, Rs 250 million in Rio juice factory at Nawalparasi and Rs 200 million in CG Packaging</li>
</ul>
</div>
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			'id' => '7966',
			'article_category_id' => '217',
			'title' => 'Dugar Family',
			'sub_title' => '',
			'summary' => 'The Dugar family carries a 137 year old legacy in business. It all started when Chandan Mal Dugar started trading in fabrics at a ‘haat bazaar’ (a weekly market organised locally) in Biratnagar. His son Lunkaran Dugar not only continued the trading business but also widened the business by stepping into agro products. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard54%288%29.jpg" style="float:right; height:363px; margin:5px; width:100px" /></p>

<p style="text-align:justify">The Dugar family carries a 137 year old legacy in business. It all started when Chandan Mal Dugar started trading in fabrics at a &lsquo;haat bazaar&rsquo; (a weekly market organised locally) in Biratnagar. His son Lunkaran Dugar not only continued the trading business but also widened the business by stepping into agro products. The Dugar group charted new heights after the four sons of Lun Karan took over the business. Initially, the group had a presence in textiles and agro products, but later expanded to jute exports, steel, rice mills, among others.&nbsp;</p>

<p>Late Tola Ram Dugar and his younger brother Moti Lal Dugar have played major roles in the diversification of the business. After moving from Dharan to Biratnagar, Tola Ram and Moti Lal diversified the business into jute processing and made Biratnagar the base for the family business. According to Vivek Dugar, his father Moti Lal started the practice of making cash payments to farmers while buying raw food grains from them some six decades ago, which made a huge difference in the agriculture sector.</p>

<p style="text-align:justify">The group started a strawboard paper industry in 1966, ventured into rice and oil mills in Dhangadi and Birgunj, established a stainless steel utensil industry and in 1972 entered the automobile business. These initiatives are considered to be some of the key milestones in the Dugar Family&rsquo; business history.&nbsp;</p>

<p style="text-align:justify">At present, the legacy of Dugar&rsquo;s business is carried out by four groups, each helmed by the four brothers belonging to the third generation of the family. In 1962, the group separated into two groups - TM Dugar and HC Dugar. In 1991, the TM Dugar group separated into TM Dugar Group and KL Dugar Group. In 2015, Motilal Dugar separated from TM Dugar group and formed MV Dugar Group.&nbsp;</p>

<p style="text-align:justify">Among them, KL Dugar is a leading business house in the food industry with brands such as Dhara Oil and Gyan Rice. Similarly, Moti Lal has taken the automobile business to new heights after restructuring the family run business. In addition, the MV Group led by Moti Lal has plans for massive investment in the hydropower sector. Currently, three hydropower projects, totaling 157 MW and amounting to Rs 21 billion, are under construction as part of its plan to engage in projects totaling 500 MW.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard56%287%29.jpg" style="height:1256px; width:800px" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard55%289%29.jpg" style="height:1746px; width:800px" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard58%2810%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Key Business&nbsp;</strong></span></p>

<ul>
	<li>Edible oil and Food Grains Trading</li>
</ul>

<p><span style="font-size:16px"><strong>Employment&nbsp;</strong></span></p>

<ul>
	<li>Business under MV Group employs 1,000 people</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>Gyan Agri is a JV between KL Dugar Group and Global IME Bank Ltd</li>
</ul>

<p><strong><span style="font-size:16px">Planned Investments of MV Dugar Group</span></strong></p>

<ul>
	<li>Hydropower projects to generate 500 MW within the next six to seven years.&nbsp; Out of the 500MW projects, Likhu A (29 MW), Likhu I (77 MW) and Likhu II (51 MW) are under construction with an investment amounting to Rs 21 billion</li>
	<li>MV Group is one of the promoters of Sanima General Insurance Company</li>
	<li>At present, MV Dugar brother looks after the entire Dugar Brothers and Sons Pvt Ltd and the automobile business</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Further expansion in cement, food grains, hydro and edible Oils.&nbsp;</li>
	<li>Lower Madi Hydro (20 MW)</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Estimated annual turnover of KL Dugar Group is at Rs 20 billion</li>
</ul>
</div>
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		'Article' => array(
			'id' => '7946',
			'article_category_id' => '217',
			'title' => 'Golchha Organisation',
			'sub_title' => '',
			'summary' => 'In 1931, Ram Lal Golchha started the Hansraj Hanuman Mal (now Hansraj and Hulaschand) as his first company in Biratnagar to export jute from Nepal to industries in India.90 years after the establishment of the first business entity, members of the Golchha family now operate over 100 companies ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard79.jpg" style="float:right; height:435px; margin:5px; width:85px" />In 1931, Ram Lal Golchha started the Hansraj Hanuman Mal (now Hansraj and Hulaschand) as his first company in Biratnagar to export jute from Nepal to industries in India.90 years after the establishment of the first business entity, members of the Golchha family now operate over 100 companies that have been playing important roles in the development of industrial and trading activities in Nepal.&nbsp;</p>

<p style="text-align:justify">The Golchha Organization is a pioneering industrial group in the country as it is credited for establishing the Biratnagar Jute Mill in 1937, the first factory of Nepal. Ram Lal received advice and support from an Indian jute mill owner Radha Krishna Chamodia to start the mill which inspired other business families to set up industries. His sons Hansraj and Hulaschand took the Golchha Organization to new heights by expanding its business portfolio in various sectors. Golchha Organisation is regarded as the first group in the country to start overseas exports of Nepali products. In 1981, Hulas Steel Industries was jointly established as a Greenfield venture by Golchha Organization and Comcraft of Switzerland.&nbsp; The group in 1988 commenced Him Electronics to produce and supply electrical utilities. Another major business entity of Golchha Organization was started in 1998 as Hansraj Hulaschand and Company (HH Bajaj) to introduce the popular two-wheeler brand Bajaj in Nepal. HH Bajaj which is among the largest trading companies in Nepal is credited for starting a new wave of two-wheeler enthusiasm in the Nepali market by introducing Bajaj Pulsar motorbikes. The Golchha family business in the recent years has gone into restructuring with members of the family operating separately.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard76%283%29.jpg" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard77.jpg" style="height:908px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials&nbsp;&nbsp;</strong></span></p>

<ul>
	<li>Yearly Turnover Rs 45 billion</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>20,000 people</li>
</ul>

<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>Hansraj Hulaschand Bajaj and Hulas Steel are the two key ventures working under the flagship of Golchha Organization.</li>
	<li>Joint Venture: Concraft and Hester Nepal with Hester India are the two foreign joint ventures of the group.</li>
</ul>

<p><span style="font-size:16px"><strong>Upcoming Projects</strong></span></p>

<ul>
	<li>The organisation plans to further invest in life insurance companies, the education sector and in motorcycle assembly plants.</li>
</ul>
</div>
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		'Article' => array(
			'id' => '7945',
			'article_category_id' => '217',
			'title' => 'Golyan Group',
			'sub_title' => '',
			'summary' => 'In the 1950s, Sohan Lal Golyan came to Nepal for a visit but was so enthralled by Nepal’s business potential that he stayed. He decided to set up a trading base in Nepal after observing opportunities in Nepal-India and Nepal-china trade.',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard75%285%29.jpg" style="float:right; height:293px; margin:5px; width:90px" />In the 1950s, Sohan Lal Golyan came to Nepal for a visit but was so enthralled by Nepal&rsquo;s business potential that he stayed. He decided to set up a trading base in Nepal after observing opportunities in Nepal-India and Nepal-china trade. He started trading in spices, textiles, electronics and stationery, among other items and reinvested the profit in the manufacturing sector. His first manufacturing venture came in the form of a textile mill in the late 1970s. The expansion drive that followed created more companies that would later come together as the Golyan Group.&nbsp;</p>

<p style="text-align:justify">In the mid 90s, Golyan Group started Reliance Spinning Mill partnering with the MS Group. The size of the investment of both business houses in the spinning mill had surpassed Rs one billion by the end of the 90s. The mill, which had turned into a highly profitable venture for the partners, had entailed an investment of Rs two billion by the end of the decade. At present, Reliance Spinning Mill exports to India, Bangladesh and Turkey and has an estimated annual turnover of Rs 5 billion. The group has also forged a partnership with MS Group in the areas of synthetic industry and hydropower.</p>

<p style="text-align:justify">In 1998, the Golyan Group started the Shivam Plastic Industries with an initial investment of USD one million. In 1999, the group invested in Dhanalaxmi Synthetic Ltd together with MS Group. The investment in this company exceeded USD 22 million. The group also trades in precious items such as silk, gold and diamond through its two trading units.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard74%282%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Key Business&nbsp;</strong></span></p>

<ul>
	<li>Reliance Spinning Mills</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Hotel project</li>
	<li>Reliance energy in contention to build a 200 MW hydro power in Rolpa district.</li>
	<li>Westar Residency, a 250 apartment residential project.</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>5,000 people</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>Reliance Spinning Mills Ltd is a JV between Golyan Group and MS Group&nbsp;</li>
	<li>Dhanalaxmi Synthetic is a JV between Golyan Group and MS Group</li>
	<li>Golyan Group and MS Group have forged international partnership and are involved in four hydro projects that have a total generation capacity of over 260 MW</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Estimated annual turnover Reliance Spinning Mill is Rs five billion</li>
	<li>Annual turnover of Atlanta Trading Pvt Ltd exceeds USD 20 million, Shivam Plastic Industries exceeds USD 15 million, Himali Pashmina exceeds USD 15 million and Tricot Industries exceeds USD 150 million</li>
</ul>
</div>
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		'Article' => array(
			'id' => '7944',
			'article_category_id' => '217',
			'title' => 'ICTC Group',
			'sub_title' => '',
			'summary' => 'It all started with a small stationery mart at New Road in 1974 with a capital of Rs 100,000 that set up the foundation for the formation of ICTC Group. The stationary business, started by Ram Lal Shrestha, mostly catered to government and semi-government clients. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard71%284%29.jpg" style="float:right; height:333px; margin:5px; width:100px" />It all started with a small stationery mart at New Road in 1974 with a capital of Rs 100,000 that set up the foundation for the formation of ICTC Group. The stationary business, started by Ram Lal Shrestha, mostly catered to government and semi-government clients. His relationship with such clients proved to be a beneficial leverage to start a business that catered the service of representation and liaisoning to foreign firms giving birth to Inter-Continental Trading Concern in 1975. In the 1970s, ICTC had established Himalayan Brick Factory and electric bulb production plant, but both failed. In 1978, its initials were retained to form ICTC Pvt Ltd with a capital base of Rs 5,000. In the same year, ICTC was engaged in its first project, Lower Marshyangdi Hydropower Project. Today, with its four decades of experience in providing representation and liaisoning service, ICTC boasts of specialisation in providing support to foreign firms entering Nepal.&nbsp;</p>

<p style="text-align:justify">Since 1991, the group started diversifying into a range of business activities but keeping its focus mainly on five business sectors &ndash; services, engineering and construction, energy, consumer products and information and communication services. Within these sectors, the group has presence in business areas such as insurance, beverages, hospitality, hydropower and real estate development, consumer product trading, marketing and distribution, IT, communication, software development and business process outsourcing services.&nbsp;</p>

<p style="text-align:justify">In 1991, the group established Taragaon Regency Hotels Ltd under the Public Private Partnership (PPP) model, with investments coming from the government, Asian Development Bank (ADB) and the ICTC. The Taragaon Regency is considered among the first PPPs in Nepal that started operating Hyatt Regency Kathmandu in 2000. Three years later, the group promoted Premier Insurance Co, a general insurance company, landing its investment in the insurance sector. The group also has presence in liquor manufacturing through its Highland Distillery. According to Dinesh Lal Shrestha, Highland Distillery is the second largest distillery in Nepal in terms of business turnover and its net profit stood at Rs 430 million in 2016.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard72%283%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Annual Turnover&nbsp; Rs 1.6 billion in hotel businesses, Rs 1.5 billionin insurance, Rs 3.5 billion in liquor business</li>
	<li>Estimated turnover from Solu hydroelectric project once the project starts commercial production is Rs 700 million&nbsp;</li>
	<li>Rs 758 millionin 2015 from Prime International (confectionaries, liquor, beer and detergents)</li>
</ul>

<p><span style="font-size:16px"><strong>Key Business</strong></span>&nbsp;</p>

<ul>
	<li>Service</li>
	<li>Engineering and Construction&nbsp;</li>
	<li>Energy&nbsp;</li>
	<li>Consumer products&nbsp;</li>
	<li>Information and communication services</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>Hyatt Regency Kathmandu</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Projects</strong></span></p>

<ul>
	<li>Expansion within Hyatt Regency Kathmandu adding 150 rooms</li>
	<li>A 4-star hotel primarily catering to Chinese tourists</li>
	<li>International Exhibition Centre with 1,000 car capacity</li>
	<li>Taragaon Village, a Boudha-based project with a replica of Thamel&nbsp;</li>
	<li>Engagement in government projects including Upper Karnali with India&rsquo;s GMR and West Seti with China&rsquo;s Three Gorges</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>1,000 people</li>
</ul>
</div>
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		'Article' => array(
			'id' => '7943',
			'article_category_id' => '217',
			'title' => 'IME Group',
			'sub_title' => '',
			'summary' => 'Chandra Prasad Dhakal who began his career as a banker at Rastriya Banijya Bank decided to take up a cargo business in 1992 after sensing opportunity in it. In 2001, he along with his brother Hem Raj Dhakal, ventured into the remittance business by establishing International Money Express (IME) in Nepal and Malaysia. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard68%282%29.jpg" style="float:right; height:319px; margin:5px; width:90px" />Chandra Prasad Dhakal who began his career as a banker at Rastriya Banijya Bank decided to take up a cargo business in 1992 after sensing opportunity in it. In 2001, he along with his brother Hem Raj Dhakal, ventured into the remittance business by establishing International Money Express (IME) in Nepal and Malaysia. IME is Nepal&#39;s first private sector money transfer company. Considering the mass labour migration from Nepal, it was the right choice of business that gained immense repute across the migrant workers&rsquo; community. IME also proved to be a defining innovation for the country&rsquo;s financial system enabling formal channelisation of remittance into the country.&nbsp;</p>

<p style="text-align:justify">Later, the group entered the financial sector with IME Finance. In the year 2012, IME Group consolidated its position in the banking sector with the merger of Global Bank, IME Finance and Lord Buddha Finance into Global IME Bank. The bank further merged with Commerz and Trust Bank Nepal and also acquired Pacific Development Bank and Reliable Development Bank.</p>

<p style="text-align:justify">At present, IME Group is one of the fastest growing business conglomerates in Nepal. It has a strong presence in the insurance sector as well. The group acquired 40 percent stake of NB Insurance in 2014 and rebranded it as IME General Insurance. The group is also a major promoter of IME Life Insurance. A year ago, the group helmed an NPR 3.2 billion Chandragiri Hill project, marking its grand entry into the tourism and hospitality sector.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard67%285%29.jpg" style="height:1454px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Annual turnover USD 1,200 million</li>
	<li>Remittance and banking are the key revenue generators for the group with a market share of 35-40 percent in the remittance business</li>
	<li>Investment of USD 100 million in diverse sectors including banking and insurance and automobiles</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>IME Life Insurance is a joint venture between IME Group, Hathway Group and Bhatbhateni</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments&nbsp;</strong></span></p>

<ul>
	<li>Planning major expansion with IME Pay that will look into the mobile wallet.&nbsp;</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>3,000 people</li>
</ul>
</div>
',
			'published' => true,
			'created' => '2018-04-12',
			'modified' => '2018-04-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7724',
			'image' => '20180412103326_Clipboard69.jpg',
			'article_date' => '2018-04-12 00:00:00',
			'homepage' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '7942',
			'article_category_id' => '217',
			'title' => 'Jyoti Group',
			'sub_title' => '',
			'summary' => 'The family business started with the establishment of a cloth shop by Bhajuratna Kansakar. He also produced copper items and started exporting household utensils to Tibet from Kalimpong in 1921. As trade started to thrive, Bhajuratna also gradually became popular in Tibet getting the nickname',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard65%285%29.jpg" style="float:right; height:325px; margin:5px; width:90px" />The family business started with the establishment of a cloth shop by Bhajuratna Kansakar. He also produced copper items and started exporting household utensils to Tibet from Kalimpong in 1921. As trade started to thrive, Bhajuratna also gradually became popular in Tibet getting the nickname &lsquo;Syamukapu&rsquo; (meaning white hat in Tibetan).&nbsp; After the political changes in Tibet, he stopped trading there.&nbsp;</p>

<p style="text-align:justify">In the 1940s, Bhajuratna moved to Calcutta and tried his hand at iron mining. The Kansakar&rsquo;s business quest in India ended in the 1960s when he moved back to Nepal. In 1961, his son Maniharsha Kansakar established Himal Iron and Steel, Nepal&rsquo;s first iron and steel factory laying the foundations of the Jyoti Group. From the 1960s, the firm moved into the production of cement, textile (spinning mills and yarn processing plants), steel and wires and gas and medicines and delivery of services such as engineering, import-export, logistic solutions, tourism and health care. The group has maintained a strong presence in the two-wheeler industry ever since it established the Syakar Company in 1976 which became the authorised distributor for Honda and later Hero Honda two-wheelers in 1986. Currently, Syakar serves as the authorised distributor and retailer of Honda two and four-wheelers and Philips home appliances while another subsidiary, Nepal General Marketing, serves as the exclusive authorised distributor of Hero bikes. Apart from service, trading and manufacturing, the group is a business promoter at Sagarmatha Insurance Company and Grande International Hospital.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard64%285%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>Himal Agriculture Firm is a collaboration between MaHa Agriculture and Jyoti Group</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>The estimated annual turnover of the group is USD 150 million</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>3,000 people</li>
</ul>
</div>
',
			'published' => true,
			'created' => '2018-04-12',
			'modified' => '2018-04-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7723',
			'image' => '20180412102137_Clipboard66.jpg',
			'article_date' => '2018-04-12 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '7941',
			'article_category_id' => '217',
			'title' => 'KC Group',
			'sub_title' => '',
			'summary' => 'Surya Bahadur KC established KC Construction in 1973, taking inspiration from his father Kirti Bahadur KC who upon his return from India started a construction business and undertook construction contracts for roads in Syangja and Pokhara. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard62%287%29.jpg" style="float:right; height:279px; margin:5px; width:150px" />Surya Bahadur KC established KC Construction in 1973, taking inspiration from his father Kirti Bahadur KC who upon his return from India started a construction business and undertook construction contracts for roads in Syangja and Pokhara. The same construction company now specializes in constructing hydropower projects, dams and other commercial constructions. The company is currently undertaking the construction of infrastructures on the premises of Nepal Army Headquarters, Bhadrakali.&nbsp;</p>

<p style="text-align:justify">Eight years later, after the establishment of KC Construction, KC Group established Himshree Foods, the producer of &lsquo;Rara&rsquo; noodles, a popular instant white noodle brand in Nepal, whose popularity hasn&rsquo;t faded despite strong competition from other noodle brands including Chaudhary Group&rsquo;s Wai Wai. The food processing company also manufactures brown noodles and snacks.&nbsp;</p>

<p style="text-align:justify">Starting from 2005, KC Group has made extensive investment in the hydropower sector too. The 4.8 MW Gandaki hydropower project of KC Group came into operation in 2010. The Group has since been strongly focusing on hydropower projects. Other than Gandaki hydropower project, the group currently operates 1 MW Task Hydropower project and 4.5 MW Bhagwati Hydropower project. The undertaking of hydropower projects is a key milestone in the group&rsquo;s business journey. The group has investment over NRs 2 billion in the 13 MW Sikles hydro project that has already started trial production. In addition, the construction work of Upper Madi whose PPA has already been finalised is scheduled to start soon. The group has projects such as Bijaypur-2, Jhyamulunga and Upper Seti hydro project&nbsp; in the pipeline.&nbsp;</p>

<p style="text-align:justify">In 1998, KC Group founded Machhapuchchhre Bank, the first commercial bank of Nepal based in the western region of the country. Almost two decades later, the group entered the insurance business in 2017 with Sun Nepal Life Insurance. The group operates a housing project and a golf course in Pokhara and has a strong presence in the education sector too.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard63%286%29.jpg" style="height:1511px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Employment&nbsp;&nbsp;</strong></span></p>

<ul>
	<li>900 people</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span><br />
<strong>Annual Turnover</strong></p>

<ul>
	<li>Rs 500 million from hydropower projects</li>
	<li>Rs 2 billion from construction projects</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments&nbsp;</strong></span></p>

<ul>
	<li>Plans to reach 100 MW operating capacity by 2020 with Karuwa Hydro (36 MW), Upper Madi (7 MW), Upper Seti (20 MW), Bijaypur-2 (4.5 MW)&nbsp;</li>
	<li>Noodle Factory in Bardiya with an investment over Rs one billion</li>
</ul>
</div>
',
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			'created' => '2018-04-12',
			'modified' => '2018-04-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7722',
			'image' => '20180412101631_Clipboard61.jpg',
			'article_date' => '2018-04-12 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '7940',
			'article_category_id' => '217',
			'title' => 'Kedia Organization',
			'sub_title' => '',
			'summary' => 'Kedia Organization is among the oldest business houses in Nepal. Ram Kumar Kedia and his sons Mahabir Prasad Kedia and Brij Lal Kedia laid the foundation of the business house in 1909 when they ventured into business as cloth merchants. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard57%288%29.jpg" style="float:right; height:327px; margin:5px; width:100px" />Kedia Organization is among the oldest business houses in Nepal. Ram Kumar Kedia and his sons Mahabir Prasad Kedia and Brij Lal Kedia laid the foundation of the business house in 1909 when they ventured into business as cloth merchants. Together, they established fabric stores in Birgunj and Kathmandu to sell clothes imported from India. Brij Lal Kedia took the initiative of expanding the group&rsquo;s business interest by trading in food grains and later established the Bhagwati Rice Mill which was a modern rice mill at the time. Brij Lal also established other food grain factories including lentils processing plants. He also stepped into construction by forging partnerships with local municipal authorities.&nbsp;</p>

<p style="text-align:justify">The third generation Kedias took the family business further. Shankar Lal Kedia expanded the group business by setting up plants to manufacture corrugated steel, steelf urniture, and stainless steel and copper utensils, textile, umbrella, socks, wheat flour, among others. The group also focused on importing a number of foreign products. According to Manoj Kedia, Kedia Organization used to export lentils to Sri Lanka, Bangladesh and a few European countries and rice to Tibet in its early days.&nbsp;</p>

<p style="text-align:justify">The group has still maintained a strong presence in trading with around a dozen firms engaged in importing a wide range of products including fabrics, paper, metals and minerals, construction supplies, fertilisers and chemicals, medicines, consumer electronics and electrical items and cosmetics. The group also represents international brands such as Haier, Hisense, Toshiba, Evernal and Mitsuma in Nepal.&nbsp;</p>

<p style="text-align:justify">In 1993, Kedia Organization established the Sundar Candles in Birgunj. In 1994, Manoj Kedia started the Sitaram Gokul Milks. The group is also engaged in the automobile and petroleum trading business. It introduced the US petroleum and lubricants brand Caltex in Nepal which is still operational in Birgunj as Kedia Auto. With its interests in the BFI sector, Kedia Organization has played a leading role in promoting Siddhartha Bank and Siddhartha Insurance which were established in 2002 and 2006 respectively. In 2017, Kedia Organization restructured its family business after realising that its presence in diverse sectors was becoming difficult to manage under the traditional family-based management system which was affecting the growth of its business interests.&nbsp;&nbsp;</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard58%289%29.jpg" style="height:1723px; width:800px" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard59%285%29.jpg" style="height:335px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>Sugar Industry</li>
	<li>Cement Industry</li>
	<li>DAV Kedia</li>
	<li>Yeti Fabrics</li>
	<li>Sitaram Gokul Milks</li>
	<li>Siddhartha bank and insurance</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Ventures</strong></span></p>

<ul>
	<li>Brij Cement is a joint venture between Kedia and Indian company, Shanta Cement Pvt Ltd.&nbsp;</li>
	<li>Arghakhanchi Cement is a joint venture between Uma Cement International, India and Kedia Group, Siddhartha Group and Murarka Group from Nepal</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Hydropower projects</li>
	<li>Oil and gas exploration and thermal power plant,&nbsp;</li>
	<li>General and life insurance company</li>
	<li>Housing &amp; Real Estate Development (Greenwood Villa)</li>
	<li>Manufacturing industry in the area of steel, plastic, sugar and medicines&nbsp;</li>
	<li>Spices processing and agro-forestry</li>
</ul>
</div>
',
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			'created' => '2018-04-12',
			'modified' => '2018-04-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7721',
			'image' => '20180412100956_Clipboard60.jpg',
			'article_date' => '2018-04-12 00:00:00',
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	(int) 11 => array(
		'Article' => array(
			'id' => '7939',
			'article_category_id' => '217',
			'title' => 'Keyal Group',
			'sub_title' => '',
			'summary' => 'Keyal Group’s history can be traced back to more than a century when Gauri Shanker Keyal started as a clothes merchant. In 1951, Gulab Raj Keyal, son of Gauri Shanker Keyal opened a saw and a rice mill in Birgunj. It was a stepping stone in the formation of the Birgunj-based industrial and trading house. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard56%286%29.jpg" style="float:right; height:286px; margin:5px; width:90px" />Keyal Group&rsquo;s history can be traced back to more than a century when Gauri Shanker Keyal started as a clothes merchant. In 1951, Gulab Raj Keyal, son of Gauri Shanker Keyal opened a saw and a rice mill in Birgunj. It was a stepping stone in the formation of the Birgunj-based industrial and trading house. However, the Keyal family kept a low profile for most of the next 35 years.&nbsp; Keyal Group&rsquo;s defining moment arrived in 1986 when Satya Narayan Keyal, son of Gulab Raj Keyal, started a hardware and paints store in Birgunj, moving away from his family business of fabrics and food grains. He then became a construction materials supplier, particularly of steel and iron products, to the local manufacturing industry. In 1993, the opening of a hardware store in Kathmandu proved to be a milestone in the group&rsquo;s history. The hardware store chain now has 11 outlets across the country of which seven are located in Kathmandu.&nbsp;</p>

<p style="text-align:justify">The group started the Narayani Rolling Mills in 1994 and commenced production of steel products. In 1999, the group established Shree Krishna Steels that manufactured steel pipes and shuttering profiles. In 2002, the group entered the cement business by setting up Star Cement Industry. In 2016, the group established Gorkha Feed Industries to produce feed for poultry, fish and cattle.&nbsp;</p>

<p style="text-align:justify">In 2017, the group established Gorkha Wire Industries and AAC Blocks Industries. In recent years, the group has expanded its portfolio further into a broad range of other trading sectors such as food grains, pharmaceuticals, surgical products, consumer electronics and a variety of hardware accessories and tools.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard54%287%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Employment&nbsp;</strong></span></p>

<ul>
	<li>1,000 people</li>
</ul>

<p><span style="font-size:16px"><strong>Key Revenue Generator</strong></span></p>

<ul>
	<li>Steel and cement&nbsp;</li>
	<li>Trading of construction materials and hardware</li>
</ul>
</div>
',
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			'created' => '2018-04-12',
			'modified' => '2018-04-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7720',
			'image' => '20180412100113_Clipboard53.jpg',
			'article_date' => '2018-04-12 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '7938',
			'article_category_id' => '217',
			'title' => 'Khetan Group',
			'sub_title' => '',
			'summary' => 'The foundation of Khetan Group was laid by Kishun Ram Khetan (great-great grandfather of Rajendra Khetan) some 170 years ago during the Nepal-Tibet War of 1855-1856. He supplied rice and salt to the Nepali soldiers. After the war, Khetan continued his venture as a trading business.',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard51%2815%29.jpg" style="float:right; height:472px; margin:5px; width:90px" />The foundation of Khetan Group was laid by Kishun Ram Khetan (great-great grandfather of Rajendra Khetan) some 170 years ago during the Nepal-Tibet War of 1855-1856. He supplied rice and salt to the Nepali soldiers. After the war, Khetan continued his venture as a trading business. Besides the local business, the Khetan family started importing fabrics from India in 1910. It was Kishun Ram&rsquo;s son Purna Mal Bihari Lal Khetan who established the Khetan Group. In 1937, the Khetans registered their firm and became one among the first 32 registered companies in Nepal.&nbsp; His son Mohan Gopal Khetan took the family run business into a new era by stepping into different industrial and business sectors. In 1970, Khetan Group started its first business diversification by exporting jute and lentils. The group in the mid-1970s commenced Bottlers Nepal Limited thereby beginning the bottling and supplying of Coca-Cola in Nepal. Gorkha Brewery is another milestone for the group which was established in 1989 as a joint venture with Danish multinational company Carlsberg Breweries.In 1990, the launch of Tuborg Beer by Gorkha Brewery marked the first international beer brand produced in Nepal. Production of Carlsberg started in 1995. The company since 2004 has been brewing and marketing the Filipino beer brand San Miguel Beer by acquiring Mount Everest Brewery. Khetan Group is also among the business houses that helped foster the BFI sector in Nepal in the 1990s and 2000s. The establishment of the Himalayan Bank Limited in 1993 is an example in this regard where the group partnered with other Nepali business houses and the Habib Bank of Pakistan to form a joint venture. Similarly, the group also stepped into the insurance market in 1994 with the establishment of the Everest Insurance Company. Another major banking venture for the group came in 2002 as Laxmi Bank Limited which was established as the 16th commercial bank in the country. In 2007, Khetan Group initiated Prime Life Insurance Company.&nbsp; Earlier, Khetan Group had also invested in the aviation sector. It established the Nepal Air Charter Service which is the first private sector airline in Nepal. In 1992, the group commenced Everest Air which was among the major domestic airliners in the early and mid 1990s. In 2000, the group further diversified its manufacturing portfolio by entering into snacksproduction by establishing the Himalayan Snax &amp; Noodles Company in a joint venture with Thai Presidents Foods.&nbsp;&nbsp;</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard52%2812%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Net Worth: Rs 50 Billion</li>
</ul>

<p><span style="font-size:16px"><strong>Annual revenue from shareholder fund</strong></span></p>

<ul>
	<li>Rs 3 billion</li>
</ul>

<p><span style="font-size:16px"><strong>Key Revenue generator</strong></span></p>

<ul>
	<li>FMCG and financial sector</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Life Insurance, Non-life Insurance, Re-insurance</li>
	<li>Venture Capital/Private Equity/Hedge Fund</li>
	<li>Credit Rating, stock brokerage, stock exchange</li>
	<li>Mutual fund venture&nbsp;</li>
	<li>FinTech</li>
	<li>If the government allows investment in foreign lands, Khetan may look into expansion beyond the borders</li>
</ul>
</div>
',
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			'modified' => '2018-04-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7719',
			'image' => '20180412095722_Clipboard50.jpg',
			'article_date' => '2018-04-01 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '7921',
			'article_category_id' => '217',
			'title' => 'Laxmi Group',
			'sub_title' => '',
			'summary' => 'The brother duo of Buddhi Bahadur Shrestha and Ganesh Bahadur Shrestha worked at Siddharth Highway Project and Land Reform Office respectively during their hey days. But after seeing a substantial market for confectionary items, they started their own business. Together, they opened a small confectionery factory called ‘Laxmi Mithai Bhandar’ in Pokhara in 2030 BS ',
			'content' => '<p style="text-align:justify">The brother duo of Buddhi Bahadur Shrestha and Ganesh Bahadur Shrestha worked at Siddharth Highway Project and Land Reform Office respectively during their hey days. But after seeing a substantial market for confectionary items, they started their own business. Together, they opened a small confectionery factory called &lsquo;Laxmi Mithai Bhandar&rsquo; in Pokhara in 2030 BS (1974) with an initial investment of NPR 2,000 that included money borrowed from neighbours. Using local knowhow about producing &lsquo;pustakari&rsquo;, a local sweet item, the two brothers used Indian manual machines to produce chocolates. At the time, their competitors like Nebico and Pashupati Biscuits used advanced German-made machines. Within two years, the brothers upgraded the production line with semi-automatic machines.<img alt="" src="/userfiles/images/Clipboard39%286%29.jpg" style="float:right; height:341px; width:100px" /><br />
The same year, Laxmi Mithai Bhandar moved into the newly opened Pokhara Industrial Zone and was renamed as Jay Ma Laxmi Confectionary Industry which expanded into further units like Suva Laxmi, Maha Laxmi and Mahashakti Chocolate Company. These units produced popular chocolate items like Orange Ball, Diamond, Laxmi Sweets and Rimjhim Ball. In 1986, the two brothers established Jaya Ma and Jaya Confectionaries, which introduced candies like Mango Tart, Lacto Fun and Yo Yo, which were extremely popular brands. Laxmi Group continued with their business expansion with the establishment of Jaya Packaging Industry in 1988 and Jaya Polythene Industry in 1991. In 1995, Suva Laxmi, Jay Ma and Laxmi merged into a single entity known as Sujal Foods. Sujal Foods is the producer of popular chocolate &lsquo;Choco Fun&rsquo; and &lsquo;Sujal Gum&rsquo; chewing gum.<br />
In 2005, the group entered the dairy market with the establishment of Sujal Dairy. The dairy company was formed following the successful acquisition of Pokhara Milk Supply Scheme (PMSS), a Pokhara unit of Dairy Development Corporation (DDC). The group then started a powder plant in 2063 BS. In 2006, Laxmi Intercontinental became the local dealer for Hyundai automobiles quickly becoming its sole authorised dealer by 2010. Laxmi Intercontinental has been a game changer not just for Laxmi Group, changing the automobile landscape in the family car segment and setting industry benchmarks in terms of product quality, sales points and after-sales services.<br />
Laxmi Group believes that the establishment of &lsquo;Laxmi Mithai Bhandar&rsquo; in 1974 and Sujal Dairy Pvt Ltd in 2005 established them as a prominent business group in Nepal.</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard40%287%29.jpg" style="height:1258px; width:800px" /></p>

<p style="text-align:justify">&nbsp;</p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>Automobile: market share of 35 percent</li>
	<li>Confectionary: market share of 40 percent</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Tourism (Hotel and Resorts in Kathmandu, Pokhara and Dhulikhel)</li>
	<li>Expand confectionery exports</li>
	<li>Trading (another mobile brand)</li>
	<li>Construction materials</li>
	<li>Contract farming</li>
	<li>Infrastructures</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>1700 people</li>
</ul>
</div>

<p>&nbsp;</p>
',
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			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7702',
			'image' => '20180410042232_Clipboard38.jpg',
			'article_date' => '2018-04-01 00:00:00',
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	(int) 14 => array(
		'Article' => array(
			'id' => '7918',
			'article_category_id' => '217',
			'title' => 'Mahato Group of Industries',
			'sub_title' => '',
			'summary' => 'Born to a family of farmers in Siraha, Dr Upendra Mahato later became one of the richest Nepalis. After the completion of high school, Mahato migrated to Russia in a scholarship for an undergraduate degree in engineering. There he became a trader of electronic goods and jeans to sustain in the foreign land.',
			'content' => '<p style="text-align:justify">Born to a family of farmers in Siraha, Dr Upendra Mahato later became one of the richest Nepalis. After the completion of high sc<img alt="" src="/userfiles/images/mggggg.jpg" style="float:right; height:297px; width:150px" />hool, Mahato migrated to Russia in a scholarship for an undergraduate degree in engineering. There he became a trader of electronic goods and jeans to sustain in the foreign land. After completing his Phd in Soil Mechanics in 1996, Dr Mahato commenced a crude oil refinery called Syntez Pvt Ltd in Belarus. Later, he bought a television manufacturing company in Moscow and further expanded his business interest there by opening an electronics supermarket and a fashion and sports mall. In Russia, Dr Mahato expanded his business activities into real estate and construction as well. He also bought a Belarus-based plant named Amkador that specialises in manufacturing heavy equipment.<br />
Dr Mahato&rsquo;s first and major investment in Nepal was in the year 2004 in Mero Mobile, the first private telecommunication company in Nepal that is now known as Ncell. Together with Jiba Lamichhane (another Russia-based NRN) and other NRNs, Dr Mahato has made significant investments in hydropower sector under Sanima Hydro, a group of hydro-related companies with investments from NRNs and general public. Mahato&rsquo;s other key investments are in health, banking, education, media and communication sectors. Expanding his investments in Nepal, Dr Mahato opened a 350-bed state-of-the-art hospital in Kathmandu in 2017, Nepal Mediciti, which plans to expand to a 750-bed hospital in the near future.<br />
In 2003, Dr Mahato founded Non Resident Nepali Association (NRNA), an association of Nepalis residing in different parts of the world, with a view to secure and promote their interest in and outside Nepal and leverage their potentials in the development of Nepal.&nbsp;</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/mggg.jpg" style="height:1655px; width:800px" /></p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Nepal MediCiti is estimated to have sole investment of NRs 10 billion from Dr Upendra Mahato</li>
</ul>
</div>

<p><img alt="" src="/userfiles/images/mmmggg.jpg" style="height:546px; width:800px" />&nbsp;</p>
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		'Article' => array(
			'id' => '7969',
			'article_category_id' => '217',
			'title' => 'Bhat-Bhateni Group',
			'sub_title' => '',
			'summary' => 'Min Bahadur Gurung, the chairman and managing director of Bhat-Bhateni Group, is known for turning a small grocery store into a retail giant. He found both fame and fortune with his supermarket and departmental store chain Bhat-Bhateni. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard42%286%29.jpg" style="float:right; height:201px; margin:5px; width:100px" />Min Bahadur Gurung, the chairman and managing director of Bhat-Bhateni Group, is known for turning a small grocery store into a retail giant. He found both fame and fortune with his supermarket and departmental store chain Bhat-Bhateni. In his early twenties, Gurung, a master&rsquo;s degree holder in economics, had a banking job at Nepal Bank Ltd and was stationed at Nepalgunj. In 1984, Gurung started Bhatbhateni Cold Store, a small retail grocery shop with an initial investment of NRs 35,000 which laid the foundation of his future as one of the successful businessmen in Nepal.&nbsp;</p>

<p style="text-align:justify">Gurung who was juggling the obligations of his banking job in Nepalgunj and his store in Kathmandu until 1992 finally gave up his banking career to fully focus on his business which he believed had immense possibilities. By that time, he already had expanded his cold store to the second floor of the building where he operated his cold store on the first floor. His hard work paid off and Bhat-Bhateni became a leading supermarket and departmental store of Nepal.&nbsp;</p>

<p style="text-align:justify">In the last decade, Bhat-Bhateni has been in a massive expansion spree and has opened 13 stores beginning from one at Maharajgunj of Kathmandu in 2008. These stores are located at various convenient parts of Kathmandu, Bhaktapur, Lalitpur, Pokhara, Chitwan, Dharan and Butwal. It is estimated that there is a daily combined footfall of more than 50,000 people in these stores making Bhat-Bhateni a leading retail chain of Nepal with an estimated daily annual turnover of USD 350,000. Min Bahadur Gurung has further diversified his business interest with investments in the 42 MW Mistri Khola Hydropower Project developed by Robust Energy and Chandragiri Hills Pvt Ltd.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard43%2810%29.jpg" style="height:430px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Bhat-Bhateni is estimated to have&nbsp; a daily turnover of&nbsp; USD 350,000</li>
	<li>13 of the 14 stores&nbsp; of Bhat-Bhateni Group operates&nbsp; in its own property</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>4,500 store staff</li>
</ul>

<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>Chain of Bhat-Bhateni Supermarket and Departmental Store</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investment</strong></span></p>

<ul>
	<li>Expansion plan in Kathmandu and other parts of the country</li>
	<li>Rs two billion investment in upcoming departmental store in Biratnagar</li>
	<li>Establishing Farmer Co-operatives</li>
</ul>
</div>
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			'id' => '7968',
			'article_category_id' => '217',
			'title' => 'Chachan Group',
			'sub_title' => '',
			'summary' => 'In its initial days, Chachan Group traded in a range of commodities such as leather and leather products, cement, vegetable ghee, food grains, lentils, oil seeds, spices, consumer goods, fertilisers, pulses, edible oils and animal feeds.',
			'content' => '<p><img alt="" src="/userfiles/images/Clipboard45%288%29.jpg" style="float:right; height:361px; margin:5px; width:90px" />In its initial days, Chachan Group traded in a range of commodities such as leather and leather products, cement, vegetable ghee, food grains, lentils, oil seeds, spices, consumer goods, fertilisers, pulses, edible oils and animal feeds. As the business thrived, Chachan Group transformed itself into a business group with several manufacturing units producing the same commodities that it once simply traded.&nbsp;</p>

<p>Today, Chachan Group imports spices, fertilisers, sugar, cement and coal and agro-equipments through its four different trading firms. The group started trading in coal in 2011.&nbsp; The group is also a manufacturer of different popular brands of cement such as Trishakti and Jay Bageshwari. The group produces cement through Narayani Cement Udhyog and Jai Bageshwari Cement. The latter was established three years ago.&nbsp;</p>

<p>The group is strongly focused on its cement industries and plans to establish several clinker plants. It has already bought limestone mines in parts of Udaypur, Palpa and Arghakhanchi district.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard46%2814%29.jpg" style="height:912px; width:800px" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard47%2811%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Planned Investment</strong></span></p>

<ul>
	<li>Clinker plants&nbsp;</li>
	<li>Expansion of Jay Bageshwori Cement Industry</li>
	<li>Cement grinding plant in Nepalgunj</li>
	<li>Plans to acquire a limestone quarry in the hilly area of Makwanpur district</li>
</ul>

<p><span style="font-size:16px"><strong>Key Revenue Generator</strong></span></p>

<ul>
	<li>Manufacturing (Cement Industry)&nbsp;</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Annual turnover exceeds Rs 4 billion, 70 percent contributed by the cement wing of the group</li>
</ul>
</div>
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			'id' => '7967',
			'article_category_id' => '217',
			'title' => 'Chaudhary Group',
			'sub_title' => '',
			'summary' => 'It was in the late 19th century when Bhuramull Chaudhary opened a shop on Juddha Sadak (now New Road), on an initial yearly rental fee of Rs 200, to deal in textiles imported from various parts of India. Bhuramull Chaudhary was among the few privileged businessmen permitted to enter the palace of Rana Prime ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard49%2813%29.jpg" style="float:right; height:517px; margin:5px; width:100px" />It was in the late 19th century when Bhuramull Chaudhary opened a shop on Juddha Sadak (now New Road), on an initial yearly rental fee of Rs 200, to deal in textiles imported from various parts of India. Bhuramull Chaudhary was among the few privileged businessmen permitted to enter the palace of Rana Prime Minister Juddha Shumsher. He, along with his son Lunkarandas Chaudhary, carried items from his shop to the palace with the help of porters and arranged an open shop in the courtyard for the royals and the courtiers. This business operation used to function under the informal name of Bhuramull Lunkaran Das as the registration of private business firms was not required back then.&nbsp;</p>

<p style="text-align:justify">Young Lunkarandas took over the business after the demise of his father and went ahead with the business of exporting jute from Biratnagar to overseas markets including United States and Europe. His firms Bhuramull Lunkaran and Arun Impex also used to import fabrics from Japan and Korea.&nbsp;</p>

<p style="text-align:justify">After the success in textiles and jute trading, Lunkarandas established a number of pioneering industries and businesses in the 1960s and early 70s in the country. To name a few, Flooring and Furnishing Center, Modern Hosiery Industry Pvt Ltd, Nepal Spinning and Weaving Pvt Ltd, Arun Emporium, Arun Impex and Ratna Stainless Steel Pvt Ltd are companies started by him that are consideredto be the first companies in Nepal to start the modern businesses of flooring and furnishing, hosiery, synthetic yarn production, departmental stores and manufacturing of stainless steel utensils using Japanese technology, among others. Established in 1957, United Builders was another major business venture of Lunkarandas which constructed the Hotel Soaltee Crowne Plaza and Kathmandu-Trishuli road.&nbsp;&nbsp;</p>

<p style="text-align:justify">Binod Chaudhary, the elder among the three sons of Lunkarandas, has been taking the conglomerate to new international heights by establishing a vast business empire throughout the globe. With his efforts, the group in 1985 started production of Wai Wai instant noodles which used to be produced by Thai Preserved Food Factory Company. CG made every effort to turn the precooked brown noodles into an international Nepali brand. Today, Wai Wai has not only become the biggest brand in Nepal but is also the fastest growing Nepali noodles brand in India where its manufacturer CGFI claims to have a 27 percent market share. In a full swing to go global, Chaudhary Group over the last two years has forayed into the European and US noodles market with its flagship brand Wai Wai. The three Chaudhary brothers own and manage separate businesses but use the same CG banner.</p>

<p style="text-align:justify">After achieving big successes in Nepal, the group made its first international foray with Cinnovation Group in Singapore in 1990. Cinnovation is regarded as the first and only Nepali multinational company to step into the global business arena. It is a multidimensional business approach of the Chaudhary Group which has a wide range of interests in areas including hotels and resorts, wildlife and in-bound tourism, FMCG (food and beverage), real estate,cement and financial services. With 48 companies, Cinnovation has over 4,300 employees across the world.</p>

<p style="text-align:justify">Chaudhary Group now operates in all five continents of the world. It has 136 companies under its umbrella with a diversified business portfolio in sectors including FMCG, consumer electronics, financial services, hospitality and travel, automobile, education, health, energy, real estate and housing, biotech and agribusiness, among many others.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard50%2812%29.jpg" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard51%2816%29.jpg" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard52%2813%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Net Worth of Binod Chaudhary and Family :&nbsp; USD 1.37 billion</li>
	<li>Net Worth of CG Corp Globa l: USD 2.5 billion</li>
	<li>(Headquartered in Nepal, with a portfolio of 136 companies and 76 brands spread over 30 different countries.)</li>
</ul>

<p><span style="font-size:16px"><strong>Employment&nbsp;</strong></span></p>

<ul>
	<li>Businesses under Binod Chaudhary&nbsp; excluding banks, finance and insurance company employs 4,500 staff</li>
</ul>

<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>FMCG- 15%, Financial Services- 15%, Hospitality- 10%, Electronics- 10%, Others- 50%&nbsp;</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Ventures&nbsp;</strong></span></p>

<ul>
	<li>Taj Hotels Resorts &amp; Palaces, a JV between CG Hotels and Resorts, Taj Group &amp; Beyond</li>
	<li>Taj Safaris, a JV between CG Hotels and Resorts, Taj Group and &amp; Beyond</li>
	<li>Jetwing Zinc Journey, a Joint Venture between CG Hotels and JW Hotels</li>
	<li>Summit Hotel is a JV between CG and NE Group</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Fresh investment of over Rs 50 billion in existing businesses in Nepal in the next three years to generate new job opportunities.</li>
	<li>Rapidly increase investments in energy, hospitality and property sectors in Nepal.</li>
	<li>Invest around Rs 17 billion into a 60MW storage hydroelectric project.</li>
	<li>Channel Rs 2.8 billion in 15.1MW Middle Madi and Rs 7.5 billion in 44MW Super Madi hydroelectric projects.</li>
	<li>Planning to invest Rs 10 billion in the real estate sector within 2020; CG Legend, a multipurpose complex spread across 400,000 square feet of land in Pulchowk, being one of the projects.</li>
	<li>Addition of 120 rooms in 35-year-old Summit Hotel at Kupondole at a cost of Rs 2 billion.</li>
	<li>Completion of Zinc City, hotel in Jhamsikhel, through an investment of Rs 1.5 billion.</li>
	<li>Construction of Panchakarma, a wellness centre with 18 villas, in Nawalparasi at a cost of Rs 500 million.</li>
	<li>Proposed: Rs 9.4 billion in cement plants in Palpa and Dumbkibas, Rs 1 billion in CG Brewery, Rs 800 million in Wai Wai plants in Nawalparasi and Sunsari, Rs 250 million in Rio juice factory at Nawalparasi and Rs 200 million in CG Packaging</li>
</ul>
</div>
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		'Article' => array(
			'id' => '7966',
			'article_category_id' => '217',
			'title' => 'Dugar Family',
			'sub_title' => '',
			'summary' => 'The Dugar family carries a 137 year old legacy in business. It all started when Chandan Mal Dugar started trading in fabrics at a ‘haat bazaar’ (a weekly market organised locally) in Biratnagar. His son Lunkaran Dugar not only continued the trading business but also widened the business by stepping into agro products. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard54%288%29.jpg" style="float:right; height:363px; margin:5px; width:100px" /></p>

<p style="text-align:justify">The Dugar family carries a 137 year old legacy in business. It all started when Chandan Mal Dugar started trading in fabrics at a &lsquo;haat bazaar&rsquo; (a weekly market organised locally) in Biratnagar. His son Lunkaran Dugar not only continued the trading business but also widened the business by stepping into agro products. The Dugar group charted new heights after the four sons of Lun Karan took over the business. Initially, the group had a presence in textiles and agro products, but later expanded to jute exports, steel, rice mills, among others.&nbsp;</p>

<p>Late Tola Ram Dugar and his younger brother Moti Lal Dugar have played major roles in the diversification of the business. After moving from Dharan to Biratnagar, Tola Ram and Moti Lal diversified the business into jute processing and made Biratnagar the base for the family business. According to Vivek Dugar, his father Moti Lal started the practice of making cash payments to farmers while buying raw food grains from them some six decades ago, which made a huge difference in the agriculture sector.</p>

<p style="text-align:justify">The group started a strawboard paper industry in 1966, ventured into rice and oil mills in Dhangadi and Birgunj, established a stainless steel utensil industry and in 1972 entered the automobile business. These initiatives are considered to be some of the key milestones in the Dugar Family&rsquo; business history.&nbsp;</p>

<p style="text-align:justify">At present, the legacy of Dugar&rsquo;s business is carried out by four groups, each helmed by the four brothers belonging to the third generation of the family. In 1962, the group separated into two groups - TM Dugar and HC Dugar. In 1991, the TM Dugar group separated into TM Dugar Group and KL Dugar Group. In 2015, Motilal Dugar separated from TM Dugar group and formed MV Dugar Group.&nbsp;</p>

<p style="text-align:justify">Among them, KL Dugar is a leading business house in the food industry with brands such as Dhara Oil and Gyan Rice. Similarly, Moti Lal has taken the automobile business to new heights after restructuring the family run business. In addition, the MV Group led by Moti Lal has plans for massive investment in the hydropower sector. Currently, three hydropower projects, totaling 157 MW and amounting to Rs 21 billion, are under construction as part of its plan to engage in projects totaling 500 MW.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard56%287%29.jpg" style="height:1256px; width:800px" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard55%289%29.jpg" style="height:1746px; width:800px" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard58%2810%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Key Business&nbsp;</strong></span></p>

<ul>
	<li>Edible oil and Food Grains Trading</li>
</ul>

<p><span style="font-size:16px"><strong>Employment&nbsp;</strong></span></p>

<ul>
	<li>Business under MV Group employs 1,000 people</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>Gyan Agri is a JV between KL Dugar Group and Global IME Bank Ltd</li>
</ul>

<p><strong><span style="font-size:16px">Planned Investments of MV Dugar Group</span></strong></p>

<ul>
	<li>Hydropower projects to generate 500 MW within the next six to seven years.&nbsp; Out of the 500MW projects, Likhu A (29 MW), Likhu I (77 MW) and Likhu II (51 MW) are under construction with an investment amounting to Rs 21 billion</li>
	<li>MV Group is one of the promoters of Sanima General Insurance Company</li>
	<li>At present, MV Dugar brother looks after the entire Dugar Brothers and Sons Pvt Ltd and the automobile business</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Further expansion in cement, food grains, hydro and edible Oils.&nbsp;</li>
	<li>Lower Madi Hydro (20 MW)</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Estimated annual turnover of KL Dugar Group is at Rs 20 billion</li>
</ul>
</div>
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			'id' => '7946',
			'article_category_id' => '217',
			'title' => 'Golchha Organisation',
			'sub_title' => '',
			'summary' => 'In 1931, Ram Lal Golchha started the Hansraj Hanuman Mal (now Hansraj and Hulaschand) as his first company in Biratnagar to export jute from Nepal to industries in India.90 years after the establishment of the first business entity, members of the Golchha family now operate over 100 companies ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard79.jpg" style="float:right; height:435px; margin:5px; width:85px" />In 1931, Ram Lal Golchha started the Hansraj Hanuman Mal (now Hansraj and Hulaschand) as his first company in Biratnagar to export jute from Nepal to industries in India.90 years after the establishment of the first business entity, members of the Golchha family now operate over 100 companies that have been playing important roles in the development of industrial and trading activities in Nepal.&nbsp;</p>

<p style="text-align:justify">The Golchha Organization is a pioneering industrial group in the country as it is credited for establishing the Biratnagar Jute Mill in 1937, the first factory of Nepal. Ram Lal received advice and support from an Indian jute mill owner Radha Krishna Chamodia to start the mill which inspired other business families to set up industries. His sons Hansraj and Hulaschand took the Golchha Organization to new heights by expanding its business portfolio in various sectors. Golchha Organisation is regarded as the first group in the country to start overseas exports of Nepali products. In 1981, Hulas Steel Industries was jointly established as a Greenfield venture by Golchha Organization and Comcraft of Switzerland.&nbsp; The group in 1988 commenced Him Electronics to produce and supply electrical utilities. Another major business entity of Golchha Organization was started in 1998 as Hansraj Hulaschand and Company (HH Bajaj) to introduce the popular two-wheeler brand Bajaj in Nepal. HH Bajaj which is among the largest trading companies in Nepal is credited for starting a new wave of two-wheeler enthusiasm in the Nepali market by introducing Bajaj Pulsar motorbikes. The Golchha family business in the recent years has gone into restructuring with members of the family operating separately.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard76%283%29.jpg" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard77.jpg" style="height:908px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials&nbsp;&nbsp;</strong></span></p>

<ul>
	<li>Yearly Turnover Rs 45 billion</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>20,000 people</li>
</ul>

<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>Hansraj Hulaschand Bajaj and Hulas Steel are the two key ventures working under the flagship of Golchha Organization.</li>
	<li>Joint Venture: Concraft and Hester Nepal with Hester India are the two foreign joint ventures of the group.</li>
</ul>

<p><span style="font-size:16px"><strong>Upcoming Projects</strong></span></p>

<ul>
	<li>The organisation plans to further invest in life insurance companies, the education sector and in motorcycle assembly plants.</li>
</ul>
</div>
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		'Article' => array(
			'id' => '7945',
			'article_category_id' => '217',
			'title' => 'Golyan Group',
			'sub_title' => '',
			'summary' => 'In the 1950s, Sohan Lal Golyan came to Nepal for a visit but was so enthralled by Nepal’s business potential that he stayed. He decided to set up a trading base in Nepal after observing opportunities in Nepal-India and Nepal-china trade.',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard75%285%29.jpg" style="float:right; height:293px; margin:5px; width:90px" />In the 1950s, Sohan Lal Golyan came to Nepal for a visit but was so enthralled by Nepal&rsquo;s business potential that he stayed. He decided to set up a trading base in Nepal after observing opportunities in Nepal-India and Nepal-china trade. He started trading in spices, textiles, electronics and stationery, among other items and reinvested the profit in the manufacturing sector. His first manufacturing venture came in the form of a textile mill in the late 1970s. The expansion drive that followed created more companies that would later come together as the Golyan Group.&nbsp;</p>

<p style="text-align:justify">In the mid 90s, Golyan Group started Reliance Spinning Mill partnering with the MS Group. The size of the investment of both business houses in the spinning mill had surpassed Rs one billion by the end of the 90s. The mill, which had turned into a highly profitable venture for the partners, had entailed an investment of Rs two billion by the end of the decade. At present, Reliance Spinning Mill exports to India, Bangladesh and Turkey and has an estimated annual turnover of Rs 5 billion. The group has also forged a partnership with MS Group in the areas of synthetic industry and hydropower.</p>

<p style="text-align:justify">In 1998, the Golyan Group started the Shivam Plastic Industries with an initial investment of USD one million. In 1999, the group invested in Dhanalaxmi Synthetic Ltd together with MS Group. The investment in this company exceeded USD 22 million. The group also trades in precious items such as silk, gold and diamond through its two trading units.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard74%282%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Key Business&nbsp;</strong></span></p>

<ul>
	<li>Reliance Spinning Mills</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Hotel project</li>
	<li>Reliance energy in contention to build a 200 MW hydro power in Rolpa district.</li>
	<li>Westar Residency, a 250 apartment residential project.</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>5,000 people</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>Reliance Spinning Mills Ltd is a JV between Golyan Group and MS Group&nbsp;</li>
	<li>Dhanalaxmi Synthetic is a JV between Golyan Group and MS Group</li>
	<li>Golyan Group and MS Group have forged international partnership and are involved in four hydro projects that have a total generation capacity of over 260 MW</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Estimated annual turnover Reliance Spinning Mill is Rs five billion</li>
	<li>Annual turnover of Atlanta Trading Pvt Ltd exceeds USD 20 million, Shivam Plastic Industries exceeds USD 15 million, Himali Pashmina exceeds USD 15 million and Tricot Industries exceeds USD 150 million</li>
</ul>
</div>
',
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	(int) 6 => array(
		'Article' => array(
			'id' => '7944',
			'article_category_id' => '217',
			'title' => 'ICTC Group',
			'sub_title' => '',
			'summary' => 'It all started with a small stationery mart at New Road in 1974 with a capital of Rs 100,000 that set up the foundation for the formation of ICTC Group. The stationary business, started by Ram Lal Shrestha, mostly catered to government and semi-government clients. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard71%284%29.jpg" style="float:right; height:333px; margin:5px; width:100px" />It all started with a small stationery mart at New Road in 1974 with a capital of Rs 100,000 that set up the foundation for the formation of ICTC Group. The stationary business, started by Ram Lal Shrestha, mostly catered to government and semi-government clients. His relationship with such clients proved to be a beneficial leverage to start a business that catered the service of representation and liaisoning to foreign firms giving birth to Inter-Continental Trading Concern in 1975. In the 1970s, ICTC had established Himalayan Brick Factory and electric bulb production plant, but both failed. In 1978, its initials were retained to form ICTC Pvt Ltd with a capital base of Rs 5,000. In the same year, ICTC was engaged in its first project, Lower Marshyangdi Hydropower Project. Today, with its four decades of experience in providing representation and liaisoning service, ICTC boasts of specialisation in providing support to foreign firms entering Nepal.&nbsp;</p>

<p style="text-align:justify">Since 1991, the group started diversifying into a range of business activities but keeping its focus mainly on five business sectors &ndash; services, engineering and construction, energy, consumer products and information and communication services. Within these sectors, the group has presence in business areas such as insurance, beverages, hospitality, hydropower and real estate development, consumer product trading, marketing and distribution, IT, communication, software development and business process outsourcing services.&nbsp;</p>

<p style="text-align:justify">In 1991, the group established Taragaon Regency Hotels Ltd under the Public Private Partnership (PPP) model, with investments coming from the government, Asian Development Bank (ADB) and the ICTC. The Taragaon Regency is considered among the first PPPs in Nepal that started operating Hyatt Regency Kathmandu in 2000. Three years later, the group promoted Premier Insurance Co, a general insurance company, landing its investment in the insurance sector. The group also has presence in liquor manufacturing through its Highland Distillery. According to Dinesh Lal Shrestha, Highland Distillery is the second largest distillery in Nepal in terms of business turnover and its net profit stood at Rs 430 million in 2016.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard72%283%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Annual Turnover&nbsp; Rs 1.6 billion in hotel businesses, Rs 1.5 billionin insurance, Rs 3.5 billion in liquor business</li>
	<li>Estimated turnover from Solu hydroelectric project once the project starts commercial production is Rs 700 million&nbsp;</li>
	<li>Rs 758 millionin 2015 from Prime International (confectionaries, liquor, beer and detergents)</li>
</ul>

<p><span style="font-size:16px"><strong>Key Business</strong></span>&nbsp;</p>

<ul>
	<li>Service</li>
	<li>Engineering and Construction&nbsp;</li>
	<li>Energy&nbsp;</li>
	<li>Consumer products&nbsp;</li>
	<li>Information and communication services</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>Hyatt Regency Kathmandu</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Projects</strong></span></p>

<ul>
	<li>Expansion within Hyatt Regency Kathmandu adding 150 rooms</li>
	<li>A 4-star hotel primarily catering to Chinese tourists</li>
	<li>International Exhibition Centre with 1,000 car capacity</li>
	<li>Taragaon Village, a Boudha-based project with a replica of Thamel&nbsp;</li>
	<li>Engagement in government projects including Upper Karnali with India&rsquo;s GMR and West Seti with China&rsquo;s Three Gorges</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>1,000 people</li>
</ul>
</div>
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		'Article' => array(
			'id' => '7943',
			'article_category_id' => '217',
			'title' => 'IME Group',
			'sub_title' => '',
			'summary' => 'Chandra Prasad Dhakal who began his career as a banker at Rastriya Banijya Bank decided to take up a cargo business in 1992 after sensing opportunity in it. In 2001, he along with his brother Hem Raj Dhakal, ventured into the remittance business by establishing International Money Express (IME) in Nepal and Malaysia. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard68%282%29.jpg" style="float:right; height:319px; margin:5px; width:90px" />Chandra Prasad Dhakal who began his career as a banker at Rastriya Banijya Bank decided to take up a cargo business in 1992 after sensing opportunity in it. In 2001, he along with his brother Hem Raj Dhakal, ventured into the remittance business by establishing International Money Express (IME) in Nepal and Malaysia. IME is Nepal&#39;s first private sector money transfer company. Considering the mass labour migration from Nepal, it was the right choice of business that gained immense repute across the migrant workers&rsquo; community. IME also proved to be a defining innovation for the country&rsquo;s financial system enabling formal channelisation of remittance into the country.&nbsp;</p>

<p style="text-align:justify">Later, the group entered the financial sector with IME Finance. In the year 2012, IME Group consolidated its position in the banking sector with the merger of Global Bank, IME Finance and Lord Buddha Finance into Global IME Bank. The bank further merged with Commerz and Trust Bank Nepal and also acquired Pacific Development Bank and Reliable Development Bank.</p>

<p style="text-align:justify">At present, IME Group is one of the fastest growing business conglomerates in Nepal. It has a strong presence in the insurance sector as well. The group acquired 40 percent stake of NB Insurance in 2014 and rebranded it as IME General Insurance. The group is also a major promoter of IME Life Insurance. A year ago, the group helmed an NPR 3.2 billion Chandragiri Hill project, marking its grand entry into the tourism and hospitality sector.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard67%285%29.jpg" style="height:1454px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Annual turnover USD 1,200 million</li>
	<li>Remittance and banking are the key revenue generators for the group with a market share of 35-40 percent in the remittance business</li>
	<li>Investment of USD 100 million in diverse sectors including banking and insurance and automobiles</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>IME Life Insurance is a joint venture between IME Group, Hathway Group and Bhatbhateni</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments&nbsp;</strong></span></p>

<ul>
	<li>Planning major expansion with IME Pay that will look into the mobile wallet.&nbsp;</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>3,000 people</li>
</ul>
</div>
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		'Article' => array(
			'id' => '7942',
			'article_category_id' => '217',
			'title' => 'Jyoti Group',
			'sub_title' => '',
			'summary' => 'The family business started with the establishment of a cloth shop by Bhajuratna Kansakar. He also produced copper items and started exporting household utensils to Tibet from Kalimpong in 1921. As trade started to thrive, Bhajuratna also gradually became popular in Tibet getting the nickname',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard65%285%29.jpg" style="float:right; height:325px; margin:5px; width:90px" />The family business started with the establishment of a cloth shop by Bhajuratna Kansakar. He also produced copper items and started exporting household utensils to Tibet from Kalimpong in 1921. As trade started to thrive, Bhajuratna also gradually became popular in Tibet getting the nickname &lsquo;Syamukapu&rsquo; (meaning white hat in Tibetan).&nbsp; After the political changes in Tibet, he stopped trading there.&nbsp;</p>

<p style="text-align:justify">In the 1940s, Bhajuratna moved to Calcutta and tried his hand at iron mining. The Kansakar&rsquo;s business quest in India ended in the 1960s when he moved back to Nepal. In 1961, his son Maniharsha Kansakar established Himal Iron and Steel, Nepal&rsquo;s first iron and steel factory laying the foundations of the Jyoti Group. From the 1960s, the firm moved into the production of cement, textile (spinning mills and yarn processing plants), steel and wires and gas and medicines and delivery of services such as engineering, import-export, logistic solutions, tourism and health care. The group has maintained a strong presence in the two-wheeler industry ever since it established the Syakar Company in 1976 which became the authorised distributor for Honda and later Hero Honda two-wheelers in 1986. Currently, Syakar serves as the authorised distributor and retailer of Honda two and four-wheelers and Philips home appliances while another subsidiary, Nepal General Marketing, serves as the exclusive authorised distributor of Hero bikes. Apart from service, trading and manufacturing, the group is a business promoter at Sagarmatha Insurance Company and Grande International Hospital.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard64%285%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>Himal Agriculture Firm is a collaboration between MaHa Agriculture and Jyoti Group</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>The estimated annual turnover of the group is USD 150 million</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>3,000 people</li>
</ul>
</div>
',
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		'Article' => array(
			'id' => '7941',
			'article_category_id' => '217',
			'title' => 'KC Group',
			'sub_title' => '',
			'summary' => 'Surya Bahadur KC established KC Construction in 1973, taking inspiration from his father Kirti Bahadur KC who upon his return from India started a construction business and undertook construction contracts for roads in Syangja and Pokhara. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard62%287%29.jpg" style="float:right; height:279px; margin:5px; width:150px" />Surya Bahadur KC established KC Construction in 1973, taking inspiration from his father Kirti Bahadur KC who upon his return from India started a construction business and undertook construction contracts for roads in Syangja and Pokhara. The same construction company now specializes in constructing hydropower projects, dams and other commercial constructions. The company is currently undertaking the construction of infrastructures on the premises of Nepal Army Headquarters, Bhadrakali.&nbsp;</p>

<p style="text-align:justify">Eight years later, after the establishment of KC Construction, KC Group established Himshree Foods, the producer of &lsquo;Rara&rsquo; noodles, a popular instant white noodle brand in Nepal, whose popularity hasn&rsquo;t faded despite strong competition from other noodle brands including Chaudhary Group&rsquo;s Wai Wai. The food processing company also manufactures brown noodles and snacks.&nbsp;</p>

<p style="text-align:justify">Starting from 2005, KC Group has made extensive investment in the hydropower sector too. The 4.8 MW Gandaki hydropower project of KC Group came into operation in 2010. The Group has since been strongly focusing on hydropower projects. Other than Gandaki hydropower project, the group currently operates 1 MW Task Hydropower project and 4.5 MW Bhagwati Hydropower project. The undertaking of hydropower projects is a key milestone in the group&rsquo;s business journey. The group has investment over NRs 2 billion in the 13 MW Sikles hydro project that has already started trial production. In addition, the construction work of Upper Madi whose PPA has already been finalised is scheduled to start soon. The group has projects such as Bijaypur-2, Jhyamulunga and Upper Seti hydro project&nbsp; in the pipeline.&nbsp;</p>

<p style="text-align:justify">In 1998, KC Group founded Machhapuchchhre Bank, the first commercial bank of Nepal based in the western region of the country. Almost two decades later, the group entered the insurance business in 2017 with Sun Nepal Life Insurance. The group operates a housing project and a golf course in Pokhara and has a strong presence in the education sector too.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard63%286%29.jpg" style="height:1511px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Employment&nbsp;&nbsp;</strong></span></p>

<ul>
	<li>900 people</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span><br />
<strong>Annual Turnover</strong></p>

<ul>
	<li>Rs 500 million from hydropower projects</li>
	<li>Rs 2 billion from construction projects</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments&nbsp;</strong></span></p>

<ul>
	<li>Plans to reach 100 MW operating capacity by 2020 with Karuwa Hydro (36 MW), Upper Madi (7 MW), Upper Seti (20 MW), Bijaypur-2 (4.5 MW)&nbsp;</li>
	<li>Noodle Factory in Bardiya with an investment over Rs one billion</li>
</ul>
</div>
',
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		'Article' => array(
			'id' => '7940',
			'article_category_id' => '217',
			'title' => 'Kedia Organization',
			'sub_title' => '',
			'summary' => 'Kedia Organization is among the oldest business houses in Nepal. Ram Kumar Kedia and his sons Mahabir Prasad Kedia and Brij Lal Kedia laid the foundation of the business house in 1909 when they ventured into business as cloth merchants. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard57%288%29.jpg" style="float:right; height:327px; margin:5px; width:100px" />Kedia Organization is among the oldest business houses in Nepal. Ram Kumar Kedia and his sons Mahabir Prasad Kedia and Brij Lal Kedia laid the foundation of the business house in 1909 when they ventured into business as cloth merchants. Together, they established fabric stores in Birgunj and Kathmandu to sell clothes imported from India. Brij Lal Kedia took the initiative of expanding the group&rsquo;s business interest by trading in food grains and later established the Bhagwati Rice Mill which was a modern rice mill at the time. Brij Lal also established other food grain factories including lentils processing plants. He also stepped into construction by forging partnerships with local municipal authorities.&nbsp;</p>

<p style="text-align:justify">The third generation Kedias took the family business further. Shankar Lal Kedia expanded the group business by setting up plants to manufacture corrugated steel, steelf urniture, and stainless steel and copper utensils, textile, umbrella, socks, wheat flour, among others. The group also focused on importing a number of foreign products. According to Manoj Kedia, Kedia Organization used to export lentils to Sri Lanka, Bangladesh and a few European countries and rice to Tibet in its early days.&nbsp;</p>

<p style="text-align:justify">The group has still maintained a strong presence in trading with around a dozen firms engaged in importing a wide range of products including fabrics, paper, metals and minerals, construction supplies, fertilisers and chemicals, medicines, consumer electronics and electrical items and cosmetics. The group also represents international brands such as Haier, Hisense, Toshiba, Evernal and Mitsuma in Nepal.&nbsp;</p>

<p style="text-align:justify">In 1993, Kedia Organization established the Sundar Candles in Birgunj. In 1994, Manoj Kedia started the Sitaram Gokul Milks. The group is also engaged in the automobile and petroleum trading business. It introduced the US petroleum and lubricants brand Caltex in Nepal which is still operational in Birgunj as Kedia Auto. With its interests in the BFI sector, Kedia Organization has played a leading role in promoting Siddhartha Bank and Siddhartha Insurance which were established in 2002 and 2006 respectively. In 2017, Kedia Organization restructured its family business after realising that its presence in diverse sectors was becoming difficult to manage under the traditional family-based management system which was affecting the growth of its business interests.&nbsp;&nbsp;</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard58%289%29.jpg" style="height:1723px; width:800px" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard59%285%29.jpg" style="height:335px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>Sugar Industry</li>
	<li>Cement Industry</li>
	<li>DAV Kedia</li>
	<li>Yeti Fabrics</li>
	<li>Sitaram Gokul Milks</li>
	<li>Siddhartha bank and insurance</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Ventures</strong></span></p>

<ul>
	<li>Brij Cement is a joint venture between Kedia and Indian company, Shanta Cement Pvt Ltd.&nbsp;</li>
	<li>Arghakhanchi Cement is a joint venture between Uma Cement International, India and Kedia Group, Siddhartha Group and Murarka Group from Nepal</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Hydropower projects</li>
	<li>Oil and gas exploration and thermal power plant,&nbsp;</li>
	<li>General and life insurance company</li>
	<li>Housing &amp; Real Estate Development (Greenwood Villa)</li>
	<li>Manufacturing industry in the area of steel, plastic, sugar and medicines&nbsp;</li>
	<li>Spices processing and agro-forestry</li>
</ul>
</div>
',
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			'sortorder' => '7721',
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			'id' => '7939',
			'article_category_id' => '217',
			'title' => 'Keyal Group',
			'sub_title' => '',
			'summary' => 'Keyal Group’s history can be traced back to more than a century when Gauri Shanker Keyal started as a clothes merchant. In 1951, Gulab Raj Keyal, son of Gauri Shanker Keyal opened a saw and a rice mill in Birgunj. It was a stepping stone in the formation of the Birgunj-based industrial and trading house. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard56%286%29.jpg" style="float:right; height:286px; margin:5px; width:90px" />Keyal Group&rsquo;s history can be traced back to more than a century when Gauri Shanker Keyal started as a clothes merchant. In 1951, Gulab Raj Keyal, son of Gauri Shanker Keyal opened a saw and a rice mill in Birgunj. It was a stepping stone in the formation of the Birgunj-based industrial and trading house. However, the Keyal family kept a low profile for most of the next 35 years.&nbsp; Keyal Group&rsquo;s defining moment arrived in 1986 when Satya Narayan Keyal, son of Gulab Raj Keyal, started a hardware and paints store in Birgunj, moving away from his family business of fabrics and food grains. He then became a construction materials supplier, particularly of steel and iron products, to the local manufacturing industry. In 1993, the opening of a hardware store in Kathmandu proved to be a milestone in the group&rsquo;s history. The hardware store chain now has 11 outlets across the country of which seven are located in Kathmandu.&nbsp;</p>

<p style="text-align:justify">The group started the Narayani Rolling Mills in 1994 and commenced production of steel products. In 1999, the group established Shree Krishna Steels that manufactured steel pipes and shuttering profiles. In 2002, the group entered the cement business by setting up Star Cement Industry. In 2016, the group established Gorkha Feed Industries to produce feed for poultry, fish and cattle.&nbsp;</p>

<p style="text-align:justify">In 2017, the group established Gorkha Wire Industries and AAC Blocks Industries. In recent years, the group has expanded its portfolio further into a broad range of other trading sectors such as food grains, pharmaceuticals, surgical products, consumer electronics and a variety of hardware accessories and tools.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard54%287%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Employment&nbsp;</strong></span></p>

<ul>
	<li>1,000 people</li>
</ul>

<p><span style="font-size:16px"><strong>Key Revenue Generator</strong></span></p>

<ul>
	<li>Steel and cement&nbsp;</li>
	<li>Trading of construction materials and hardware</li>
</ul>
</div>
',
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			'created' => '2018-04-12',
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			'sortorder' => '7720',
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			'id' => '7938',
			'article_category_id' => '217',
			'title' => 'Khetan Group',
			'sub_title' => '',
			'summary' => 'The foundation of Khetan Group was laid by Kishun Ram Khetan (great-great grandfather of Rajendra Khetan) some 170 years ago during the Nepal-Tibet War of 1855-1856. He supplied rice and salt to the Nepali soldiers. After the war, Khetan continued his venture as a trading business.',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard51%2815%29.jpg" style="float:right; height:472px; margin:5px; width:90px" />The foundation of Khetan Group was laid by Kishun Ram Khetan (great-great grandfather of Rajendra Khetan) some 170 years ago during the Nepal-Tibet War of 1855-1856. He supplied rice and salt to the Nepali soldiers. After the war, Khetan continued his venture as a trading business. Besides the local business, the Khetan family started importing fabrics from India in 1910. It was Kishun Ram&rsquo;s son Purna Mal Bihari Lal Khetan who established the Khetan Group. In 1937, the Khetans registered their firm and became one among the first 32 registered companies in Nepal.&nbsp; His son Mohan Gopal Khetan took the family run business into a new era by stepping into different industrial and business sectors. In 1970, Khetan Group started its first business diversification by exporting jute and lentils. The group in the mid-1970s commenced Bottlers Nepal Limited thereby beginning the bottling and supplying of Coca-Cola in Nepal. Gorkha Brewery is another milestone for the group which was established in 1989 as a joint venture with Danish multinational company Carlsberg Breweries.In 1990, the launch of Tuborg Beer by Gorkha Brewery marked the first international beer brand produced in Nepal. Production of Carlsberg started in 1995. The company since 2004 has been brewing and marketing the Filipino beer brand San Miguel Beer by acquiring Mount Everest Brewery. Khetan Group is also among the business houses that helped foster the BFI sector in Nepal in the 1990s and 2000s. The establishment of the Himalayan Bank Limited in 1993 is an example in this regard where the group partnered with other Nepali business houses and the Habib Bank of Pakistan to form a joint venture. Similarly, the group also stepped into the insurance market in 1994 with the establishment of the Everest Insurance Company. Another major banking venture for the group came in 2002 as Laxmi Bank Limited which was established as the 16th commercial bank in the country. In 2007, Khetan Group initiated Prime Life Insurance Company.&nbsp; Earlier, Khetan Group had also invested in the aviation sector. It established the Nepal Air Charter Service which is the first private sector airline in Nepal. In 1992, the group commenced Everest Air which was among the major domestic airliners in the early and mid 1990s. In 2000, the group further diversified its manufacturing portfolio by entering into snacksproduction by establishing the Himalayan Snax &amp; Noodles Company in a joint venture with Thai Presidents Foods.&nbsp;&nbsp;</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard52%2812%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Net Worth: Rs 50 Billion</li>
</ul>

<p><span style="font-size:16px"><strong>Annual revenue from shareholder fund</strong></span></p>

<ul>
	<li>Rs 3 billion</li>
</ul>

<p><span style="font-size:16px"><strong>Key Revenue generator</strong></span></p>

<ul>
	<li>FMCG and financial sector</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Life Insurance, Non-life Insurance, Re-insurance</li>
	<li>Venture Capital/Private Equity/Hedge Fund</li>
	<li>Credit Rating, stock brokerage, stock exchange</li>
	<li>Mutual fund venture&nbsp;</li>
	<li>FinTech</li>
	<li>If the government allows investment in foreign lands, Khetan may look into expansion beyond the borders</li>
</ul>
</div>
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			'description' => '',
			'sortorder' => '7719',
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			'id' => '7921',
			'article_category_id' => '217',
			'title' => 'Laxmi Group',
			'sub_title' => '',
			'summary' => 'The brother duo of Buddhi Bahadur Shrestha and Ganesh Bahadur Shrestha worked at Siddharth Highway Project and Land Reform Office respectively during their hey days. But after seeing a substantial market for confectionary items, they started their own business. Together, they opened a small confectionery factory called ‘Laxmi Mithai Bhandar’ in Pokhara in 2030 BS ',
			'content' => '<p style="text-align:justify">The brother duo of Buddhi Bahadur Shrestha and Ganesh Bahadur Shrestha worked at Siddharth Highway Project and Land Reform Office respectively during their hey days. But after seeing a substantial market for confectionary items, they started their own business. Together, they opened a small confectionery factory called &lsquo;Laxmi Mithai Bhandar&rsquo; in Pokhara in 2030 BS (1974) with an initial investment of NPR 2,000 that included money borrowed from neighbours. Using local knowhow about producing &lsquo;pustakari&rsquo;, a local sweet item, the two brothers used Indian manual machines to produce chocolates. At the time, their competitors like Nebico and Pashupati Biscuits used advanced German-made machines. Within two years, the brothers upgraded the production line with semi-automatic machines.<img alt="" src="/userfiles/images/Clipboard39%286%29.jpg" style="float:right; height:341px; width:100px" /><br />
The same year, Laxmi Mithai Bhandar moved into the newly opened Pokhara Industrial Zone and was renamed as Jay Ma Laxmi Confectionary Industry which expanded into further units like Suva Laxmi, Maha Laxmi and Mahashakti Chocolate Company. These units produced popular chocolate items like Orange Ball, Diamond, Laxmi Sweets and Rimjhim Ball. In 1986, the two brothers established Jaya Ma and Jaya Confectionaries, which introduced candies like Mango Tart, Lacto Fun and Yo Yo, which were extremely popular brands. Laxmi Group continued with their business expansion with the establishment of Jaya Packaging Industry in 1988 and Jaya Polythene Industry in 1991. In 1995, Suva Laxmi, Jay Ma and Laxmi merged into a single entity known as Sujal Foods. Sujal Foods is the producer of popular chocolate &lsquo;Choco Fun&rsquo; and &lsquo;Sujal Gum&rsquo; chewing gum.<br />
In 2005, the group entered the dairy market with the establishment of Sujal Dairy. The dairy company was formed following the successful acquisition of Pokhara Milk Supply Scheme (PMSS), a Pokhara unit of Dairy Development Corporation (DDC). The group then started a powder plant in 2063 BS. In 2006, Laxmi Intercontinental became the local dealer for Hyundai automobiles quickly becoming its sole authorised dealer by 2010. Laxmi Intercontinental has been a game changer not just for Laxmi Group, changing the automobile landscape in the family car segment and setting industry benchmarks in terms of product quality, sales points and after-sales services.<br />
Laxmi Group believes that the establishment of &lsquo;Laxmi Mithai Bhandar&rsquo; in 1974 and Sujal Dairy Pvt Ltd in 2005 established them as a prominent business group in Nepal.</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard40%287%29.jpg" style="height:1258px; width:800px" /></p>

<p style="text-align:justify">&nbsp;</p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>Automobile: market share of 35 percent</li>
	<li>Confectionary: market share of 40 percent</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Tourism (Hotel and Resorts in Kathmandu, Pokhara and Dhulikhel)</li>
	<li>Expand confectionery exports</li>
	<li>Trading (another mobile brand)</li>
	<li>Construction materials</li>
	<li>Contract farming</li>
	<li>Infrastructures</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>1700 people</li>
</ul>
</div>

<p>&nbsp;</p>
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			'id' => '7918',
			'article_category_id' => '217',
			'title' => 'Mahato Group of Industries',
			'sub_title' => '',
			'summary' => 'Born to a family of farmers in Siraha, Dr Upendra Mahato later became one of the richest Nepalis. After the completion of high school, Mahato migrated to Russia in a scholarship for an undergraduate degree in engineering. There he became a trader of electronic goods and jeans to sustain in the foreign land.',
			'content' => '<p style="text-align:justify">Born to a family of farmers in Siraha, Dr Upendra Mahato later became one of the richest Nepalis. After the completion of high sc<img alt="" src="/userfiles/images/mggggg.jpg" style="float:right; height:297px; width:150px" />hool, Mahato migrated to Russia in a scholarship for an undergraduate degree in engineering. There he became a trader of electronic goods and jeans to sustain in the foreign land. After completing his Phd in Soil Mechanics in 1996, Dr Mahato commenced a crude oil refinery called Syntez Pvt Ltd in Belarus. Later, he bought a television manufacturing company in Moscow and further expanded his business interest there by opening an electronics supermarket and a fashion and sports mall. In Russia, Dr Mahato expanded his business activities into real estate and construction as well. He also bought a Belarus-based plant named Amkador that specialises in manufacturing heavy equipment.<br />
Dr Mahato&rsquo;s first and major investment in Nepal was in the year 2004 in Mero Mobile, the first private telecommunication company in Nepal that is now known as Ncell. Together with Jiba Lamichhane (another Russia-based NRN) and other NRNs, Dr Mahato has made significant investments in hydropower sector under Sanima Hydro, a group of hydro-related companies with investments from NRNs and general public. Mahato&rsquo;s other key investments are in health, banking, education, media and communication sectors. Expanding his investments in Nepal, Dr Mahato opened a 350-bed state-of-the-art hospital in Kathmandu in 2017, Nepal Mediciti, which plans to expand to a 750-bed hospital in the near future.<br />
In 2003, Dr Mahato founded Non Resident Nepali Association (NRNA), an association of Nepalis residing in different parts of the world, with a view to secure and promote their interest in and outside Nepal and leverage their potentials in the development of Nepal.&nbsp;</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/mggg.jpg" style="height:1655px; width:800px" /></p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Nepal MediCiti is estimated to have sole investment of NRs 10 billion from Dr Upendra Mahato</li>
</ul>
</div>

<p><img alt="" src="/userfiles/images/mmmggg.jpg" style="height:546px; width:800px" />&nbsp;</p>
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Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
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		'Article' => array(
			'id' => '7969',
			'article_category_id' => '217',
			'title' => 'Bhat-Bhateni Group',
			'sub_title' => '',
			'summary' => 'Min Bahadur Gurung, the chairman and managing director of Bhat-Bhateni Group, is known for turning a small grocery store into a retail giant. He found both fame and fortune with his supermarket and departmental store chain Bhat-Bhateni. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard42%286%29.jpg" style="float:right; height:201px; margin:5px; width:100px" />Min Bahadur Gurung, the chairman and managing director of Bhat-Bhateni Group, is known for turning a small grocery store into a retail giant. He found both fame and fortune with his supermarket and departmental store chain Bhat-Bhateni. In his early twenties, Gurung, a master&rsquo;s degree holder in economics, had a banking job at Nepal Bank Ltd and was stationed at Nepalgunj. In 1984, Gurung started Bhatbhateni Cold Store, a small retail grocery shop with an initial investment of NRs 35,000 which laid the foundation of his future as one of the successful businessmen in Nepal.&nbsp;</p>

<p style="text-align:justify">Gurung who was juggling the obligations of his banking job in Nepalgunj and his store in Kathmandu until 1992 finally gave up his banking career to fully focus on his business which he believed had immense possibilities. By that time, he already had expanded his cold store to the second floor of the building where he operated his cold store on the first floor. His hard work paid off and Bhat-Bhateni became a leading supermarket and departmental store of Nepal.&nbsp;</p>

<p style="text-align:justify">In the last decade, Bhat-Bhateni has been in a massive expansion spree and has opened 13 stores beginning from one at Maharajgunj of Kathmandu in 2008. These stores are located at various convenient parts of Kathmandu, Bhaktapur, Lalitpur, Pokhara, Chitwan, Dharan and Butwal. It is estimated that there is a daily combined footfall of more than 50,000 people in these stores making Bhat-Bhateni a leading retail chain of Nepal with an estimated daily annual turnover of USD 350,000. Min Bahadur Gurung has further diversified his business interest with investments in the 42 MW Mistri Khola Hydropower Project developed by Robust Energy and Chandragiri Hills Pvt Ltd.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard43%2810%29.jpg" style="height:430px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Bhat-Bhateni is estimated to have&nbsp; a daily turnover of&nbsp; USD 350,000</li>
	<li>13 of the 14 stores&nbsp; of Bhat-Bhateni Group operates&nbsp; in its own property</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>4,500 store staff</li>
</ul>

<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>Chain of Bhat-Bhateni Supermarket and Departmental Store</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investment</strong></span></p>

<ul>
	<li>Expansion plan in Kathmandu and other parts of the country</li>
	<li>Rs two billion investment in upcoming departmental store in Biratnagar</li>
	<li>Establishing Farmer Co-operatives</li>
</ul>
</div>
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			'id' => '7968',
			'article_category_id' => '217',
			'title' => 'Chachan Group',
			'sub_title' => '',
			'summary' => 'In its initial days, Chachan Group traded in a range of commodities such as leather and leather products, cement, vegetable ghee, food grains, lentils, oil seeds, spices, consumer goods, fertilisers, pulses, edible oils and animal feeds.',
			'content' => '<p><img alt="" src="/userfiles/images/Clipboard45%288%29.jpg" style="float:right; height:361px; margin:5px; width:90px" />In its initial days, Chachan Group traded in a range of commodities such as leather and leather products, cement, vegetable ghee, food grains, lentils, oil seeds, spices, consumer goods, fertilisers, pulses, edible oils and animal feeds. As the business thrived, Chachan Group transformed itself into a business group with several manufacturing units producing the same commodities that it once simply traded.&nbsp;</p>

<p>Today, Chachan Group imports spices, fertilisers, sugar, cement and coal and agro-equipments through its four different trading firms. The group started trading in coal in 2011.&nbsp; The group is also a manufacturer of different popular brands of cement such as Trishakti and Jay Bageshwari. The group produces cement through Narayani Cement Udhyog and Jai Bageshwari Cement. The latter was established three years ago.&nbsp;</p>

<p>The group is strongly focused on its cement industries and plans to establish several clinker plants. It has already bought limestone mines in parts of Udaypur, Palpa and Arghakhanchi district.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard46%2814%29.jpg" style="height:912px; width:800px" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard47%2811%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Planned Investment</strong></span></p>

<ul>
	<li>Clinker plants&nbsp;</li>
	<li>Expansion of Jay Bageshwori Cement Industry</li>
	<li>Cement grinding plant in Nepalgunj</li>
	<li>Plans to acquire a limestone quarry in the hilly area of Makwanpur district</li>
</ul>

<p><span style="font-size:16px"><strong>Key Revenue Generator</strong></span></p>

<ul>
	<li>Manufacturing (Cement Industry)&nbsp;</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Annual turnover exceeds Rs 4 billion, 70 percent contributed by the cement wing of the group</li>
</ul>
</div>
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			'id' => '7967',
			'article_category_id' => '217',
			'title' => 'Chaudhary Group',
			'sub_title' => '',
			'summary' => 'It was in the late 19th century when Bhuramull Chaudhary opened a shop on Juddha Sadak (now New Road), on an initial yearly rental fee of Rs 200, to deal in textiles imported from various parts of India. Bhuramull Chaudhary was among the few privileged businessmen permitted to enter the palace of Rana Prime ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard49%2813%29.jpg" style="float:right; height:517px; margin:5px; width:100px" />It was in the late 19th century when Bhuramull Chaudhary opened a shop on Juddha Sadak (now New Road), on an initial yearly rental fee of Rs 200, to deal in textiles imported from various parts of India. Bhuramull Chaudhary was among the few privileged businessmen permitted to enter the palace of Rana Prime Minister Juddha Shumsher. He, along with his son Lunkarandas Chaudhary, carried items from his shop to the palace with the help of porters and arranged an open shop in the courtyard for the royals and the courtiers. This business operation used to function under the informal name of Bhuramull Lunkaran Das as the registration of private business firms was not required back then.&nbsp;</p>

<p style="text-align:justify">Young Lunkarandas took over the business after the demise of his father and went ahead with the business of exporting jute from Biratnagar to overseas markets including United States and Europe. His firms Bhuramull Lunkaran and Arun Impex also used to import fabrics from Japan and Korea.&nbsp;</p>

<p style="text-align:justify">After the success in textiles and jute trading, Lunkarandas established a number of pioneering industries and businesses in the 1960s and early 70s in the country. To name a few, Flooring and Furnishing Center, Modern Hosiery Industry Pvt Ltd, Nepal Spinning and Weaving Pvt Ltd, Arun Emporium, Arun Impex and Ratna Stainless Steel Pvt Ltd are companies started by him that are consideredto be the first companies in Nepal to start the modern businesses of flooring and furnishing, hosiery, synthetic yarn production, departmental stores and manufacturing of stainless steel utensils using Japanese technology, among others. Established in 1957, United Builders was another major business venture of Lunkarandas which constructed the Hotel Soaltee Crowne Plaza and Kathmandu-Trishuli road.&nbsp;&nbsp;</p>

<p style="text-align:justify">Binod Chaudhary, the elder among the three sons of Lunkarandas, has been taking the conglomerate to new international heights by establishing a vast business empire throughout the globe. With his efforts, the group in 1985 started production of Wai Wai instant noodles which used to be produced by Thai Preserved Food Factory Company. CG made every effort to turn the precooked brown noodles into an international Nepali brand. Today, Wai Wai has not only become the biggest brand in Nepal but is also the fastest growing Nepali noodles brand in India where its manufacturer CGFI claims to have a 27 percent market share. In a full swing to go global, Chaudhary Group over the last two years has forayed into the European and US noodles market with its flagship brand Wai Wai. The three Chaudhary brothers own and manage separate businesses but use the same CG banner.</p>

<p style="text-align:justify">After achieving big successes in Nepal, the group made its first international foray with Cinnovation Group in Singapore in 1990. Cinnovation is regarded as the first and only Nepali multinational company to step into the global business arena. It is a multidimensional business approach of the Chaudhary Group which has a wide range of interests in areas including hotels and resorts, wildlife and in-bound tourism, FMCG (food and beverage), real estate,cement and financial services. With 48 companies, Cinnovation has over 4,300 employees across the world.</p>

<p style="text-align:justify">Chaudhary Group now operates in all five continents of the world. It has 136 companies under its umbrella with a diversified business portfolio in sectors including FMCG, consumer electronics, financial services, hospitality and travel, automobile, education, health, energy, real estate and housing, biotech and agribusiness, among many others.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard50%2812%29.jpg" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard51%2816%29.jpg" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard52%2813%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Net Worth of Binod Chaudhary and Family :&nbsp; USD 1.37 billion</li>
	<li>Net Worth of CG Corp Globa l: USD 2.5 billion</li>
	<li>(Headquartered in Nepal, with a portfolio of 136 companies and 76 brands spread over 30 different countries.)</li>
</ul>

<p><span style="font-size:16px"><strong>Employment&nbsp;</strong></span></p>

<ul>
	<li>Businesses under Binod Chaudhary&nbsp; excluding banks, finance and insurance company employs 4,500 staff</li>
</ul>

<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>FMCG- 15%, Financial Services- 15%, Hospitality- 10%, Electronics- 10%, Others- 50%&nbsp;</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Ventures&nbsp;</strong></span></p>

<ul>
	<li>Taj Hotels Resorts &amp; Palaces, a JV between CG Hotels and Resorts, Taj Group &amp; Beyond</li>
	<li>Taj Safaris, a JV between CG Hotels and Resorts, Taj Group and &amp; Beyond</li>
	<li>Jetwing Zinc Journey, a Joint Venture between CG Hotels and JW Hotels</li>
	<li>Summit Hotel is a JV between CG and NE Group</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Fresh investment of over Rs 50 billion in existing businesses in Nepal in the next three years to generate new job opportunities.</li>
	<li>Rapidly increase investments in energy, hospitality and property sectors in Nepal.</li>
	<li>Invest around Rs 17 billion into a 60MW storage hydroelectric project.</li>
	<li>Channel Rs 2.8 billion in 15.1MW Middle Madi and Rs 7.5 billion in 44MW Super Madi hydroelectric projects.</li>
	<li>Planning to invest Rs 10 billion in the real estate sector within 2020; CG Legend, a multipurpose complex spread across 400,000 square feet of land in Pulchowk, being one of the projects.</li>
	<li>Addition of 120 rooms in 35-year-old Summit Hotel at Kupondole at a cost of Rs 2 billion.</li>
	<li>Completion of Zinc City, hotel in Jhamsikhel, through an investment of Rs 1.5 billion.</li>
	<li>Construction of Panchakarma, a wellness centre with 18 villas, in Nawalparasi at a cost of Rs 500 million.</li>
	<li>Proposed: Rs 9.4 billion in cement plants in Palpa and Dumbkibas, Rs 1 billion in CG Brewery, Rs 800 million in Wai Wai plants in Nawalparasi and Sunsari, Rs 250 million in Rio juice factory at Nawalparasi and Rs 200 million in CG Packaging</li>
</ul>
</div>
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			'id' => '7966',
			'article_category_id' => '217',
			'title' => 'Dugar Family',
			'sub_title' => '',
			'summary' => 'The Dugar family carries a 137 year old legacy in business. It all started when Chandan Mal Dugar started trading in fabrics at a ‘haat bazaar’ (a weekly market organised locally) in Biratnagar. His son Lunkaran Dugar not only continued the trading business but also widened the business by stepping into agro products. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard54%288%29.jpg" style="float:right; height:363px; margin:5px; width:100px" /></p>

<p style="text-align:justify">The Dugar family carries a 137 year old legacy in business. It all started when Chandan Mal Dugar started trading in fabrics at a &lsquo;haat bazaar&rsquo; (a weekly market organised locally) in Biratnagar. His son Lunkaran Dugar not only continued the trading business but also widened the business by stepping into agro products. The Dugar group charted new heights after the four sons of Lun Karan took over the business. Initially, the group had a presence in textiles and agro products, but later expanded to jute exports, steel, rice mills, among others.&nbsp;</p>

<p>Late Tola Ram Dugar and his younger brother Moti Lal Dugar have played major roles in the diversification of the business. After moving from Dharan to Biratnagar, Tola Ram and Moti Lal diversified the business into jute processing and made Biratnagar the base for the family business. According to Vivek Dugar, his father Moti Lal started the practice of making cash payments to farmers while buying raw food grains from them some six decades ago, which made a huge difference in the agriculture sector.</p>

<p style="text-align:justify">The group started a strawboard paper industry in 1966, ventured into rice and oil mills in Dhangadi and Birgunj, established a stainless steel utensil industry and in 1972 entered the automobile business. These initiatives are considered to be some of the key milestones in the Dugar Family&rsquo; business history.&nbsp;</p>

<p style="text-align:justify">At present, the legacy of Dugar&rsquo;s business is carried out by four groups, each helmed by the four brothers belonging to the third generation of the family. In 1962, the group separated into two groups - TM Dugar and HC Dugar. In 1991, the TM Dugar group separated into TM Dugar Group and KL Dugar Group. In 2015, Motilal Dugar separated from TM Dugar group and formed MV Dugar Group.&nbsp;</p>

<p style="text-align:justify">Among them, KL Dugar is a leading business house in the food industry with brands such as Dhara Oil and Gyan Rice. Similarly, Moti Lal has taken the automobile business to new heights after restructuring the family run business. In addition, the MV Group led by Moti Lal has plans for massive investment in the hydropower sector. Currently, three hydropower projects, totaling 157 MW and amounting to Rs 21 billion, are under construction as part of its plan to engage in projects totaling 500 MW.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard56%287%29.jpg" style="height:1256px; width:800px" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard55%289%29.jpg" style="height:1746px; width:800px" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard58%2810%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Key Business&nbsp;</strong></span></p>

<ul>
	<li>Edible oil and Food Grains Trading</li>
</ul>

<p><span style="font-size:16px"><strong>Employment&nbsp;</strong></span></p>

<ul>
	<li>Business under MV Group employs 1,000 people</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>Gyan Agri is a JV between KL Dugar Group and Global IME Bank Ltd</li>
</ul>

<p><strong><span style="font-size:16px">Planned Investments of MV Dugar Group</span></strong></p>

<ul>
	<li>Hydropower projects to generate 500 MW within the next six to seven years.&nbsp; Out of the 500MW projects, Likhu A (29 MW), Likhu I (77 MW) and Likhu II (51 MW) are under construction with an investment amounting to Rs 21 billion</li>
	<li>MV Group is one of the promoters of Sanima General Insurance Company</li>
	<li>At present, MV Dugar brother looks after the entire Dugar Brothers and Sons Pvt Ltd and the automobile business</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Further expansion in cement, food grains, hydro and edible Oils.&nbsp;</li>
	<li>Lower Madi Hydro (20 MW)</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Estimated annual turnover of KL Dugar Group is at Rs 20 billion</li>
</ul>
</div>
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		'Article' => array(
			'id' => '7946',
			'article_category_id' => '217',
			'title' => 'Golchha Organisation',
			'sub_title' => '',
			'summary' => 'In 1931, Ram Lal Golchha started the Hansraj Hanuman Mal (now Hansraj and Hulaschand) as his first company in Biratnagar to export jute from Nepal to industries in India.90 years after the establishment of the first business entity, members of the Golchha family now operate over 100 companies ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard79.jpg" style="float:right; height:435px; margin:5px; width:85px" />In 1931, Ram Lal Golchha started the Hansraj Hanuman Mal (now Hansraj and Hulaschand) as his first company in Biratnagar to export jute from Nepal to industries in India.90 years after the establishment of the first business entity, members of the Golchha family now operate over 100 companies that have been playing important roles in the development of industrial and trading activities in Nepal.&nbsp;</p>

<p style="text-align:justify">The Golchha Organization is a pioneering industrial group in the country as it is credited for establishing the Biratnagar Jute Mill in 1937, the first factory of Nepal. Ram Lal received advice and support from an Indian jute mill owner Radha Krishna Chamodia to start the mill which inspired other business families to set up industries. His sons Hansraj and Hulaschand took the Golchha Organization to new heights by expanding its business portfolio in various sectors. Golchha Organisation is regarded as the first group in the country to start overseas exports of Nepali products. In 1981, Hulas Steel Industries was jointly established as a Greenfield venture by Golchha Organization and Comcraft of Switzerland.&nbsp; The group in 1988 commenced Him Electronics to produce and supply electrical utilities. Another major business entity of Golchha Organization was started in 1998 as Hansraj Hulaschand and Company (HH Bajaj) to introduce the popular two-wheeler brand Bajaj in Nepal. HH Bajaj which is among the largest trading companies in Nepal is credited for starting a new wave of two-wheeler enthusiasm in the Nepali market by introducing Bajaj Pulsar motorbikes. The Golchha family business in the recent years has gone into restructuring with members of the family operating separately.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard76%283%29.jpg" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard77.jpg" style="height:908px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials&nbsp;&nbsp;</strong></span></p>

<ul>
	<li>Yearly Turnover Rs 45 billion</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>20,000 people</li>
</ul>

<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>Hansraj Hulaschand Bajaj and Hulas Steel are the two key ventures working under the flagship of Golchha Organization.</li>
	<li>Joint Venture: Concraft and Hester Nepal with Hester India are the two foreign joint ventures of the group.</li>
</ul>

<p><span style="font-size:16px"><strong>Upcoming Projects</strong></span></p>

<ul>
	<li>The organisation plans to further invest in life insurance companies, the education sector and in motorcycle assembly plants.</li>
</ul>
</div>
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			'id' => '7945',
			'article_category_id' => '217',
			'title' => 'Golyan Group',
			'sub_title' => '',
			'summary' => 'In the 1950s, Sohan Lal Golyan came to Nepal for a visit but was so enthralled by Nepal’s business potential that he stayed. He decided to set up a trading base in Nepal after observing opportunities in Nepal-India and Nepal-china trade.',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard75%285%29.jpg" style="float:right; height:293px; margin:5px; width:90px" />In the 1950s, Sohan Lal Golyan came to Nepal for a visit but was so enthralled by Nepal&rsquo;s business potential that he stayed. He decided to set up a trading base in Nepal after observing opportunities in Nepal-India and Nepal-china trade. He started trading in spices, textiles, electronics and stationery, among other items and reinvested the profit in the manufacturing sector. His first manufacturing venture came in the form of a textile mill in the late 1970s. The expansion drive that followed created more companies that would later come together as the Golyan Group.&nbsp;</p>

<p style="text-align:justify">In the mid 90s, Golyan Group started Reliance Spinning Mill partnering with the MS Group. The size of the investment of both business houses in the spinning mill had surpassed Rs one billion by the end of the 90s. The mill, which had turned into a highly profitable venture for the partners, had entailed an investment of Rs two billion by the end of the decade. At present, Reliance Spinning Mill exports to India, Bangladesh and Turkey and has an estimated annual turnover of Rs 5 billion. The group has also forged a partnership with MS Group in the areas of synthetic industry and hydropower.</p>

<p style="text-align:justify">In 1998, the Golyan Group started the Shivam Plastic Industries with an initial investment of USD one million. In 1999, the group invested in Dhanalaxmi Synthetic Ltd together with MS Group. The investment in this company exceeded USD 22 million. The group also trades in precious items such as silk, gold and diamond through its two trading units.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard74%282%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Key Business&nbsp;</strong></span></p>

<ul>
	<li>Reliance Spinning Mills</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Hotel project</li>
	<li>Reliance energy in contention to build a 200 MW hydro power in Rolpa district.</li>
	<li>Westar Residency, a 250 apartment residential project.</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>5,000 people</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>Reliance Spinning Mills Ltd is a JV between Golyan Group and MS Group&nbsp;</li>
	<li>Dhanalaxmi Synthetic is a JV between Golyan Group and MS Group</li>
	<li>Golyan Group and MS Group have forged international partnership and are involved in four hydro projects that have a total generation capacity of over 260 MW</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Estimated annual turnover Reliance Spinning Mill is Rs five billion</li>
	<li>Annual turnover of Atlanta Trading Pvt Ltd exceeds USD 20 million, Shivam Plastic Industries exceeds USD 15 million, Himali Pashmina exceeds USD 15 million and Tricot Industries exceeds USD 150 million</li>
</ul>
</div>
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			'id' => '7944',
			'article_category_id' => '217',
			'title' => 'ICTC Group',
			'sub_title' => '',
			'summary' => 'It all started with a small stationery mart at New Road in 1974 with a capital of Rs 100,000 that set up the foundation for the formation of ICTC Group. The stationary business, started by Ram Lal Shrestha, mostly catered to government and semi-government clients. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard71%284%29.jpg" style="float:right; height:333px; margin:5px; width:100px" />It all started with a small stationery mart at New Road in 1974 with a capital of Rs 100,000 that set up the foundation for the formation of ICTC Group. The stationary business, started by Ram Lal Shrestha, mostly catered to government and semi-government clients. His relationship with such clients proved to be a beneficial leverage to start a business that catered the service of representation and liaisoning to foreign firms giving birth to Inter-Continental Trading Concern in 1975. In the 1970s, ICTC had established Himalayan Brick Factory and electric bulb production plant, but both failed. In 1978, its initials were retained to form ICTC Pvt Ltd with a capital base of Rs 5,000. In the same year, ICTC was engaged in its first project, Lower Marshyangdi Hydropower Project. Today, with its four decades of experience in providing representation and liaisoning service, ICTC boasts of specialisation in providing support to foreign firms entering Nepal.&nbsp;</p>

<p style="text-align:justify">Since 1991, the group started diversifying into a range of business activities but keeping its focus mainly on five business sectors &ndash; services, engineering and construction, energy, consumer products and information and communication services. Within these sectors, the group has presence in business areas such as insurance, beverages, hospitality, hydropower and real estate development, consumer product trading, marketing and distribution, IT, communication, software development and business process outsourcing services.&nbsp;</p>

<p style="text-align:justify">In 1991, the group established Taragaon Regency Hotels Ltd under the Public Private Partnership (PPP) model, with investments coming from the government, Asian Development Bank (ADB) and the ICTC. The Taragaon Regency is considered among the first PPPs in Nepal that started operating Hyatt Regency Kathmandu in 2000. Three years later, the group promoted Premier Insurance Co, a general insurance company, landing its investment in the insurance sector. The group also has presence in liquor manufacturing through its Highland Distillery. According to Dinesh Lal Shrestha, Highland Distillery is the second largest distillery in Nepal in terms of business turnover and its net profit stood at Rs 430 million in 2016.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard72%283%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Annual Turnover&nbsp; Rs 1.6 billion in hotel businesses, Rs 1.5 billionin insurance, Rs 3.5 billion in liquor business</li>
	<li>Estimated turnover from Solu hydroelectric project once the project starts commercial production is Rs 700 million&nbsp;</li>
	<li>Rs 758 millionin 2015 from Prime International (confectionaries, liquor, beer and detergents)</li>
</ul>

<p><span style="font-size:16px"><strong>Key Business</strong></span>&nbsp;</p>

<ul>
	<li>Service</li>
	<li>Engineering and Construction&nbsp;</li>
	<li>Energy&nbsp;</li>
	<li>Consumer products&nbsp;</li>
	<li>Information and communication services</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>Hyatt Regency Kathmandu</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Projects</strong></span></p>

<ul>
	<li>Expansion within Hyatt Regency Kathmandu adding 150 rooms</li>
	<li>A 4-star hotel primarily catering to Chinese tourists</li>
	<li>International Exhibition Centre with 1,000 car capacity</li>
	<li>Taragaon Village, a Boudha-based project with a replica of Thamel&nbsp;</li>
	<li>Engagement in government projects including Upper Karnali with India&rsquo;s GMR and West Seti with China&rsquo;s Three Gorges</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>1,000 people</li>
</ul>
</div>
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		'Article' => array(
			'id' => '7943',
			'article_category_id' => '217',
			'title' => 'IME Group',
			'sub_title' => '',
			'summary' => 'Chandra Prasad Dhakal who began his career as a banker at Rastriya Banijya Bank decided to take up a cargo business in 1992 after sensing opportunity in it. In 2001, he along with his brother Hem Raj Dhakal, ventured into the remittance business by establishing International Money Express (IME) in Nepal and Malaysia. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard68%282%29.jpg" style="float:right; height:319px; margin:5px; width:90px" />Chandra Prasad Dhakal who began his career as a banker at Rastriya Banijya Bank decided to take up a cargo business in 1992 after sensing opportunity in it. In 2001, he along with his brother Hem Raj Dhakal, ventured into the remittance business by establishing International Money Express (IME) in Nepal and Malaysia. IME is Nepal&#39;s first private sector money transfer company. Considering the mass labour migration from Nepal, it was the right choice of business that gained immense repute across the migrant workers&rsquo; community. IME also proved to be a defining innovation for the country&rsquo;s financial system enabling formal channelisation of remittance into the country.&nbsp;</p>

<p style="text-align:justify">Later, the group entered the financial sector with IME Finance. In the year 2012, IME Group consolidated its position in the banking sector with the merger of Global Bank, IME Finance and Lord Buddha Finance into Global IME Bank. The bank further merged with Commerz and Trust Bank Nepal and also acquired Pacific Development Bank and Reliable Development Bank.</p>

<p style="text-align:justify">At present, IME Group is one of the fastest growing business conglomerates in Nepal. It has a strong presence in the insurance sector as well. The group acquired 40 percent stake of NB Insurance in 2014 and rebranded it as IME General Insurance. The group is also a major promoter of IME Life Insurance. A year ago, the group helmed an NPR 3.2 billion Chandragiri Hill project, marking its grand entry into the tourism and hospitality sector.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard67%285%29.jpg" style="height:1454px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Annual turnover USD 1,200 million</li>
	<li>Remittance and banking are the key revenue generators for the group with a market share of 35-40 percent in the remittance business</li>
	<li>Investment of USD 100 million in diverse sectors including banking and insurance and automobiles</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>IME Life Insurance is a joint venture between IME Group, Hathway Group and Bhatbhateni</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments&nbsp;</strong></span></p>

<ul>
	<li>Planning major expansion with IME Pay that will look into the mobile wallet.&nbsp;</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>3,000 people</li>
</ul>
</div>
',
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			'created' => '2018-04-12',
			'modified' => '2018-04-12',
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			'description' => '',
			'sortorder' => '7724',
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	(int) 8 => array(
		'Article' => array(
			'id' => '7942',
			'article_category_id' => '217',
			'title' => 'Jyoti Group',
			'sub_title' => '',
			'summary' => 'The family business started with the establishment of a cloth shop by Bhajuratna Kansakar. He also produced copper items and started exporting household utensils to Tibet from Kalimpong in 1921. As trade started to thrive, Bhajuratna also gradually became popular in Tibet getting the nickname',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard65%285%29.jpg" style="float:right; height:325px; margin:5px; width:90px" />The family business started with the establishment of a cloth shop by Bhajuratna Kansakar. He also produced copper items and started exporting household utensils to Tibet from Kalimpong in 1921. As trade started to thrive, Bhajuratna also gradually became popular in Tibet getting the nickname &lsquo;Syamukapu&rsquo; (meaning white hat in Tibetan).&nbsp; After the political changes in Tibet, he stopped trading there.&nbsp;</p>

<p style="text-align:justify">In the 1940s, Bhajuratna moved to Calcutta and tried his hand at iron mining. The Kansakar&rsquo;s business quest in India ended in the 1960s when he moved back to Nepal. In 1961, his son Maniharsha Kansakar established Himal Iron and Steel, Nepal&rsquo;s first iron and steel factory laying the foundations of the Jyoti Group. From the 1960s, the firm moved into the production of cement, textile (spinning mills and yarn processing plants), steel and wires and gas and medicines and delivery of services such as engineering, import-export, logistic solutions, tourism and health care. The group has maintained a strong presence in the two-wheeler industry ever since it established the Syakar Company in 1976 which became the authorised distributor for Honda and later Hero Honda two-wheelers in 1986. Currently, Syakar serves as the authorised distributor and retailer of Honda two and four-wheelers and Philips home appliances while another subsidiary, Nepal General Marketing, serves as the exclusive authorised distributor of Hero bikes. Apart from service, trading and manufacturing, the group is a business promoter at Sagarmatha Insurance Company and Grande International Hospital.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard64%285%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Joint Venture</strong></span></p>

<ul>
	<li>Himal Agriculture Firm is a collaboration between MaHa Agriculture and Jyoti Group</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>The estimated annual turnover of the group is USD 150 million</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>3,000 people</li>
</ul>
</div>
',
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			'created' => '2018-04-12',
			'modified' => '2018-04-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7723',
			'image' => '20180412102137_Clipboard66.jpg',
			'article_date' => '2018-04-12 00:00:00',
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	(int) 9 => array(
		'Article' => array(
			'id' => '7941',
			'article_category_id' => '217',
			'title' => 'KC Group',
			'sub_title' => '',
			'summary' => 'Surya Bahadur KC established KC Construction in 1973, taking inspiration from his father Kirti Bahadur KC who upon his return from India started a construction business and undertook construction contracts for roads in Syangja and Pokhara. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard62%287%29.jpg" style="float:right; height:279px; margin:5px; width:150px" />Surya Bahadur KC established KC Construction in 1973, taking inspiration from his father Kirti Bahadur KC who upon his return from India started a construction business and undertook construction contracts for roads in Syangja and Pokhara. The same construction company now specializes in constructing hydropower projects, dams and other commercial constructions. The company is currently undertaking the construction of infrastructures on the premises of Nepal Army Headquarters, Bhadrakali.&nbsp;</p>

<p style="text-align:justify">Eight years later, after the establishment of KC Construction, KC Group established Himshree Foods, the producer of &lsquo;Rara&rsquo; noodles, a popular instant white noodle brand in Nepal, whose popularity hasn&rsquo;t faded despite strong competition from other noodle brands including Chaudhary Group&rsquo;s Wai Wai. The food processing company also manufactures brown noodles and snacks.&nbsp;</p>

<p style="text-align:justify">Starting from 2005, KC Group has made extensive investment in the hydropower sector too. The 4.8 MW Gandaki hydropower project of KC Group came into operation in 2010. The Group has since been strongly focusing on hydropower projects. Other than Gandaki hydropower project, the group currently operates 1 MW Task Hydropower project and 4.5 MW Bhagwati Hydropower project. The undertaking of hydropower projects is a key milestone in the group&rsquo;s business journey. The group has investment over NRs 2 billion in the 13 MW Sikles hydro project that has already started trial production. In addition, the construction work of Upper Madi whose PPA has already been finalised is scheduled to start soon. The group has projects such as Bijaypur-2, Jhyamulunga and Upper Seti hydro project&nbsp; in the pipeline.&nbsp;</p>

<p style="text-align:justify">In 1998, KC Group founded Machhapuchchhre Bank, the first commercial bank of Nepal based in the western region of the country. Almost two decades later, the group entered the insurance business in 2017 with Sun Nepal Life Insurance. The group operates a housing project and a golf course in Pokhara and has a strong presence in the education sector too.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard63%286%29.jpg" style="height:1511px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Employment&nbsp;&nbsp;</strong></span></p>

<ul>
	<li>900 people</li>
</ul>

<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span><br />
<strong>Annual Turnover</strong></p>

<ul>
	<li>Rs 500 million from hydropower projects</li>
	<li>Rs 2 billion from construction projects</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments&nbsp;</strong></span></p>

<ul>
	<li>Plans to reach 100 MW operating capacity by 2020 with Karuwa Hydro (36 MW), Upper Madi (7 MW), Upper Seti (20 MW), Bijaypur-2 (4.5 MW)&nbsp;</li>
	<li>Noodle Factory in Bardiya with an investment over Rs one billion</li>
</ul>
</div>
',
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			'created' => '2018-04-12',
			'modified' => '2018-04-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7722',
			'image' => '20180412101631_Clipboard61.jpg',
			'article_date' => '2018-04-12 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '7940',
			'article_category_id' => '217',
			'title' => 'Kedia Organization',
			'sub_title' => '',
			'summary' => 'Kedia Organization is among the oldest business houses in Nepal. Ram Kumar Kedia and his sons Mahabir Prasad Kedia and Brij Lal Kedia laid the foundation of the business house in 1909 when they ventured into business as cloth merchants. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard57%288%29.jpg" style="float:right; height:327px; margin:5px; width:100px" />Kedia Organization is among the oldest business houses in Nepal. Ram Kumar Kedia and his sons Mahabir Prasad Kedia and Brij Lal Kedia laid the foundation of the business house in 1909 when they ventured into business as cloth merchants. Together, they established fabric stores in Birgunj and Kathmandu to sell clothes imported from India. Brij Lal Kedia took the initiative of expanding the group&rsquo;s business interest by trading in food grains and later established the Bhagwati Rice Mill which was a modern rice mill at the time. Brij Lal also established other food grain factories including lentils processing plants. He also stepped into construction by forging partnerships with local municipal authorities.&nbsp;</p>

<p style="text-align:justify">The third generation Kedias took the family business further. Shankar Lal Kedia expanded the group business by setting up plants to manufacture corrugated steel, steelf urniture, and stainless steel and copper utensils, textile, umbrella, socks, wheat flour, among others. The group also focused on importing a number of foreign products. According to Manoj Kedia, Kedia Organization used to export lentils to Sri Lanka, Bangladesh and a few European countries and rice to Tibet in its early days.&nbsp;</p>

<p style="text-align:justify">The group has still maintained a strong presence in trading with around a dozen firms engaged in importing a wide range of products including fabrics, paper, metals and minerals, construction supplies, fertilisers and chemicals, medicines, consumer electronics and electrical items and cosmetics. The group also represents international brands such as Haier, Hisense, Toshiba, Evernal and Mitsuma in Nepal.&nbsp;</p>

<p style="text-align:justify">In 1993, Kedia Organization established the Sundar Candles in Birgunj. In 1994, Manoj Kedia started the Sitaram Gokul Milks. The group is also engaged in the automobile and petroleum trading business. It introduced the US petroleum and lubricants brand Caltex in Nepal which is still operational in Birgunj as Kedia Auto. With its interests in the BFI sector, Kedia Organization has played a leading role in promoting Siddhartha Bank and Siddhartha Insurance which were established in 2002 and 2006 respectively. In 2017, Kedia Organization restructured its family business after realising that its presence in diverse sectors was becoming difficult to manage under the traditional family-based management system which was affecting the growth of its business interests.&nbsp;&nbsp;</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard58%289%29.jpg" style="height:1723px; width:800px" /></p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard59%285%29.jpg" style="height:335px; width:800px" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>Sugar Industry</li>
	<li>Cement Industry</li>
	<li>DAV Kedia</li>
	<li>Yeti Fabrics</li>
	<li>Sitaram Gokul Milks</li>
	<li>Siddhartha bank and insurance</li>
</ul>

<p><span style="font-size:16px"><strong>Joint Ventures</strong></span></p>

<ul>
	<li>Brij Cement is a joint venture between Kedia and Indian company, Shanta Cement Pvt Ltd.&nbsp;</li>
	<li>Arghakhanchi Cement is a joint venture between Uma Cement International, India and Kedia Group, Siddhartha Group and Murarka Group from Nepal</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Hydropower projects</li>
	<li>Oil and gas exploration and thermal power plant,&nbsp;</li>
	<li>General and life insurance company</li>
	<li>Housing &amp; Real Estate Development (Greenwood Villa)</li>
	<li>Manufacturing industry in the area of steel, plastic, sugar and medicines&nbsp;</li>
	<li>Spices processing and agro-forestry</li>
</ul>
</div>
',
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			'created' => '2018-04-12',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '7721',
			'image' => '20180412100956_Clipboard60.jpg',
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	(int) 11 => array(
		'Article' => array(
			'id' => '7939',
			'article_category_id' => '217',
			'title' => 'Keyal Group',
			'sub_title' => '',
			'summary' => 'Keyal Group’s history can be traced back to more than a century when Gauri Shanker Keyal started as a clothes merchant. In 1951, Gulab Raj Keyal, son of Gauri Shanker Keyal opened a saw and a rice mill in Birgunj. It was a stepping stone in the formation of the Birgunj-based industrial and trading house. ',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard56%286%29.jpg" style="float:right; height:286px; margin:5px; width:90px" />Keyal Group&rsquo;s history can be traced back to more than a century when Gauri Shanker Keyal started as a clothes merchant. In 1951, Gulab Raj Keyal, son of Gauri Shanker Keyal opened a saw and a rice mill in Birgunj. It was a stepping stone in the formation of the Birgunj-based industrial and trading house. However, the Keyal family kept a low profile for most of the next 35 years.&nbsp; Keyal Group&rsquo;s defining moment arrived in 1986 when Satya Narayan Keyal, son of Gulab Raj Keyal, started a hardware and paints store in Birgunj, moving away from his family business of fabrics and food grains. He then became a construction materials supplier, particularly of steel and iron products, to the local manufacturing industry. In 1993, the opening of a hardware store in Kathmandu proved to be a milestone in the group&rsquo;s history. The hardware store chain now has 11 outlets across the country of which seven are located in Kathmandu.&nbsp;</p>

<p style="text-align:justify">The group started the Narayani Rolling Mills in 1994 and commenced production of steel products. In 1999, the group established Shree Krishna Steels that manufactured steel pipes and shuttering profiles. In 2002, the group entered the cement business by setting up Star Cement Industry. In 2016, the group established Gorkha Feed Industries to produce feed for poultry, fish and cattle.&nbsp;</p>

<p style="text-align:justify">In 2017, the group established Gorkha Wire Industries and AAC Blocks Industries. In recent years, the group has expanded its portfolio further into a broad range of other trading sectors such as food grains, pharmaceuticals, surgical products, consumer electronics and a variety of hardware accessories and tools.</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard54%287%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Employment&nbsp;</strong></span></p>

<ul>
	<li>1,000 people</li>
</ul>

<p><span style="font-size:16px"><strong>Key Revenue Generator</strong></span></p>

<ul>
	<li>Steel and cement&nbsp;</li>
	<li>Trading of construction materials and hardware</li>
</ul>
</div>
',
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			'created' => '2018-04-12',
			'modified' => '2018-04-12',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7720',
			'image' => '20180412100113_Clipboard53.jpg',
			'article_date' => '2018-04-12 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '7938',
			'article_category_id' => '217',
			'title' => 'Khetan Group',
			'sub_title' => '',
			'summary' => 'The foundation of Khetan Group was laid by Kishun Ram Khetan (great-great grandfather of Rajendra Khetan) some 170 years ago during the Nepal-Tibet War of 1855-1856. He supplied rice and salt to the Nepali soldiers. After the war, Khetan continued his venture as a trading business.',
			'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard51%2815%29.jpg" style="float:right; height:472px; margin:5px; width:90px" />The foundation of Khetan Group was laid by Kishun Ram Khetan (great-great grandfather of Rajendra Khetan) some 170 years ago during the Nepal-Tibet War of 1855-1856. He supplied rice and salt to the Nepali soldiers. After the war, Khetan continued his venture as a trading business. Besides the local business, the Khetan family started importing fabrics from India in 1910. It was Kishun Ram&rsquo;s son Purna Mal Bihari Lal Khetan who established the Khetan Group. In 1937, the Khetans registered their firm and became one among the first 32 registered companies in Nepal.&nbsp; His son Mohan Gopal Khetan took the family run business into a new era by stepping into different industrial and business sectors. In 1970, Khetan Group started its first business diversification by exporting jute and lentils. The group in the mid-1970s commenced Bottlers Nepal Limited thereby beginning the bottling and supplying of Coca-Cola in Nepal. Gorkha Brewery is another milestone for the group which was established in 1989 as a joint venture with Danish multinational company Carlsberg Breweries.In 1990, the launch of Tuborg Beer by Gorkha Brewery marked the first international beer brand produced in Nepal. Production of Carlsberg started in 1995. The company since 2004 has been brewing and marketing the Filipino beer brand San Miguel Beer by acquiring Mount Everest Brewery. Khetan Group is also among the business houses that helped foster the BFI sector in Nepal in the 1990s and 2000s. The establishment of the Himalayan Bank Limited in 1993 is an example in this regard where the group partnered with other Nepali business houses and the Habib Bank of Pakistan to form a joint venture. Similarly, the group also stepped into the insurance market in 1994 with the establishment of the Everest Insurance Company. Another major banking venture for the group came in 2002 as Laxmi Bank Limited which was established as the 16th commercial bank in the country. In 2007, Khetan Group initiated Prime Life Insurance Company.&nbsp; Earlier, Khetan Group had also invested in the aviation sector. It established the Nepal Air Charter Service which is the first private sector airline in Nepal. In 1992, the group commenced Everest Air which was among the major domestic airliners in the early and mid 1990s. In 2000, the group further diversified its manufacturing portfolio by entering into snacksproduction by establishing the Himalayan Snax &amp; Noodles Company in a joint venture with Thai Presidents Foods.&nbsp;&nbsp;</p>

<p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard52%2812%29.jpg" /></p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials&nbsp;</strong></span></p>

<ul>
	<li>Net Worth: Rs 50 Billion</li>
</ul>

<p><span style="font-size:16px"><strong>Annual revenue from shareholder fund</strong></span></p>

<ul>
	<li>Rs 3 billion</li>
</ul>

<p><span style="font-size:16px"><strong>Key Revenue generator</strong></span></p>

<ul>
	<li>FMCG and financial sector</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Life Insurance, Non-life Insurance, Re-insurance</li>
	<li>Venture Capital/Private Equity/Hedge Fund</li>
	<li>Credit Rating, stock brokerage, stock exchange</li>
	<li>Mutual fund venture&nbsp;</li>
	<li>FinTech</li>
	<li>If the government allows investment in foreign lands, Khetan may look into expansion beyond the borders</li>
</ul>
</div>
',
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			'description' => '',
			'sortorder' => '7719',
			'image' => '20180412095722_Clipboard50.jpg',
			'article_date' => '2018-04-01 00:00:00',
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	(int) 13 => array(
		'Article' => array(
			'id' => '7921',
			'article_category_id' => '217',
			'title' => 'Laxmi Group',
			'sub_title' => '',
			'summary' => 'The brother duo of Buddhi Bahadur Shrestha and Ganesh Bahadur Shrestha worked at Siddharth Highway Project and Land Reform Office respectively during their hey days. But after seeing a substantial market for confectionary items, they started their own business. Together, they opened a small confectionery factory called ‘Laxmi Mithai Bhandar’ in Pokhara in 2030 BS ',
			'content' => '<p style="text-align:justify">The brother duo of Buddhi Bahadur Shrestha and Ganesh Bahadur Shrestha worked at Siddharth Highway Project and Land Reform Office respectively during their hey days. But after seeing a substantial market for confectionary items, they started their own business. Together, they opened a small confectionery factory called &lsquo;Laxmi Mithai Bhandar&rsquo; in Pokhara in 2030 BS (1974) with an initial investment of NPR 2,000 that included money borrowed from neighbours. Using local knowhow about producing &lsquo;pustakari&rsquo;, a local sweet item, the two brothers used Indian manual machines to produce chocolates. At the time, their competitors like Nebico and Pashupati Biscuits used advanced German-made machines. Within two years, the brothers upgraded the production line with semi-automatic machines.<img alt="" src="/userfiles/images/Clipboard39%286%29.jpg" style="float:right; height:341px; width:100px" /><br />
The same year, Laxmi Mithai Bhandar moved into the newly opened Pokhara Industrial Zone and was renamed as Jay Ma Laxmi Confectionary Industry which expanded into further units like Suva Laxmi, Maha Laxmi and Mahashakti Chocolate Company. These units produced popular chocolate items like Orange Ball, Diamond, Laxmi Sweets and Rimjhim Ball. In 1986, the two brothers established Jaya Ma and Jaya Confectionaries, which introduced candies like Mango Tart, Lacto Fun and Yo Yo, which were extremely popular brands. Laxmi Group continued with their business expansion with the establishment of Jaya Packaging Industry in 1988 and Jaya Polythene Industry in 1991. In 1995, Suva Laxmi, Jay Ma and Laxmi merged into a single entity known as Sujal Foods. Sujal Foods is the producer of popular chocolate &lsquo;Choco Fun&rsquo; and &lsquo;Sujal Gum&rsquo; chewing gum.<br />
In 2005, the group entered the dairy market with the establishment of Sujal Dairy. The dairy company was formed following the successful acquisition of Pokhara Milk Supply Scheme (PMSS), a Pokhara unit of Dairy Development Corporation (DDC). The group then started a powder plant in 2063 BS. In 2006, Laxmi Intercontinental became the local dealer for Hyundai automobiles quickly becoming its sole authorised dealer by 2010. Laxmi Intercontinental has been a game changer not just for Laxmi Group, changing the automobile landscape in the family car segment and setting industry benchmarks in terms of product quality, sales points and after-sales services.<br />
Laxmi Group believes that the establishment of &lsquo;Laxmi Mithai Bhandar&rsquo; in 1974 and Sujal Dairy Pvt Ltd in 2005 established them as a prominent business group in Nepal.</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard40%287%29.jpg" style="height:1258px; width:800px" /></p>

<p style="text-align:justify">&nbsp;</p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Key Business</strong></span></p>

<ul>
	<li>Automobile: market share of 35 percent</li>
	<li>Confectionary: market share of 40 percent</li>
</ul>

<p><span style="font-size:16px"><strong>Planned Investments</strong></span></p>

<ul>
	<li>Tourism (Hotel and Resorts in Kathmandu, Pokhara and Dhulikhel)</li>
	<li>Expand confectionery exports</li>
	<li>Trading (another mobile brand)</li>
	<li>Construction materials</li>
	<li>Contract farming</li>
	<li>Infrastructures</li>
</ul>

<p><span style="font-size:16px"><strong>Employment</strong></span></p>

<ul>
	<li>1700 people</li>
</ul>
</div>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7702',
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			'id' => '7918',
			'article_category_id' => '217',
			'title' => 'Mahato Group of Industries',
			'sub_title' => '',
			'summary' => 'Born to a family of farmers in Siraha, Dr Upendra Mahato later became one of the richest Nepalis. After the completion of high school, Mahato migrated to Russia in a scholarship for an undergraduate degree in engineering. There he became a trader of electronic goods and jeans to sustain in the foreign land.',
			'content' => '<p style="text-align:justify">Born to a family of farmers in Siraha, Dr Upendra Mahato later became one of the richest Nepalis. After the completion of high sc<img alt="" src="/userfiles/images/mggggg.jpg" style="float:right; height:297px; width:150px" />hool, Mahato migrated to Russia in a scholarship for an undergraduate degree in engineering. There he became a trader of electronic goods and jeans to sustain in the foreign land. After completing his Phd in Soil Mechanics in 1996, Dr Mahato commenced a crude oil refinery called Syntez Pvt Ltd in Belarus. Later, he bought a television manufacturing company in Moscow and further expanded his business interest there by opening an electronics supermarket and a fashion and sports mall. In Russia, Dr Mahato expanded his business activities into real estate and construction as well. He also bought a Belarus-based plant named Amkador that specialises in manufacturing heavy equipment.<br />
Dr Mahato&rsquo;s first and major investment in Nepal was in the year 2004 in Mero Mobile, the first private telecommunication company in Nepal that is now known as Ncell. Together with Jiba Lamichhane (another Russia-based NRN) and other NRNs, Dr Mahato has made significant investments in hydropower sector under Sanima Hydro, a group of hydro-related companies with investments from NRNs and general public. Mahato&rsquo;s other key investments are in health, banking, education, media and communication sectors. Expanding his investments in Nepal, Dr Mahato opened a 350-bed state-of-the-art hospital in Kathmandu in 2017, Nepal Mediciti, which plans to expand to a 750-bed hospital in the near future.<br />
In 2003, Dr Mahato founded Non Resident Nepali Association (NRNA), an association of Nepalis residing in different parts of the world, with a view to secure and promote their interest in and outside Nepal and leverage their potentials in the development of Nepal.&nbsp;</p>

<p style="text-align:justify"><img alt="" src="/userfiles/images/mggg.jpg" style="height:1655px; width:800px" /></p>

<p style="text-align:justify">&nbsp;</p>

<p style="text-align:justify">&nbsp;</p>

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>Financials</strong></span></p>

<ul>
	<li>Nepal MediCiti is estimated to have sole investment of NRs 10 billion from Dr Upendra Mahato</li>
</ul>
</div>

<p><img alt="" src="/userfiles/images/mmmggg.jpg" style="height:546px; width:800px" />&nbsp;</p>
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