When MaligramAgarwal started his business, his objective was to establish an international standard trading house. Thus, MS Group came into existence in 1970 and Maliram was its…
When MaligramAgarwal started his business, his objective was to establish an international standard trading house. Thus, MS Group came into existence in 1970 and Maliram was its…
In 1972, Indra Bhakta Shrestha started importing fabrics and other consumer products from Japan and Korea. In the same year, he started Nepal Enterprises (NE) with the help of his son Ravi Bhakta Shrestha to give momentum to his trading activities.…
The father-son duo of Jagadish Prasad Agrawal and Ananda Bagaria started their business journey with Global Writing, a manufacturing company that produced ball-pens in the late…
Pioneering the manufacturing of construction materials, Panchakanya Group is considered as a force to be reckoned with in the Nepali industrial fraternity. The group is the result of a vision and the ambition of its founder Prem Bahadur Shrestha and the hard work of his…
Prabhu’s emergence as a leading business sector has been recent. But its growth has been quite swift. Prabhu Group has a strong presence in the financial sector with a first class commercial bank to its name along with a life and a general insurance company and a money transfer and a payment…
In the 1950s, Ram Bhakta Saakha, the father of Ganesh Bhakta Saakha, was a Bhaktapur-based trader who traded in clothing, edible oils, coconuts and thread. After one hundred years in trade and business, Saakha Group can be considered as one of the oldest business houses of…
Sanima Group comprises companies which are operational in Nepal and other countries of the world. These companies are run by prominent non-resident Nepalis (NRNs) residing in different parts of the globe. Arun Kumar Ojha, Tek Raj Niraula and Jiba Lamichhane are the key NRNs who are heading different companies under the umbrella of Sanima…
After testing his efforts in trading, Rawat Mal Golyan established a button factory called the Sau Udyog in Nepal in 1960. Although it didn’t prove successful, it was a first step towards the making of a business group that would own multiple industries…
More than six decades ago, Duli Chandra Sharda set up a rice mill in Lahan namely Pashupati Rice Mill. It was this rice mill that built a base for the establishment of Sharda Group. Prior to that, Duli Chandra Sharda and his father were Lahan-based small traders who traded in rice, jute, mustard seeds etc.…
Prabhakar SJB Rana, the Chairman Emeritus of Soaltee Crowne Plaza, has been engaged in a number of sectors particularly hospitality, trade, automobiles and hydropower.…
Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete.…
Late Noor Pratap Rana, the founder of Universal Group, is considered a pioneer in the Nepali footwear industry. Noor stepped into the footwear industry in the 1970s. In the early 80s, the group established a factory in Hetauda and started producing ‘Hathi’ brand…
It was during the 1940s that the seeds of Vishal Group, a business group owned by an Agrawal family, were sown with the establishment of a fabric shop in Dharan. The Agrawal family was led by Gordhandas Agrawal who traded cloths in Dharan, after having moved from Ilam.…
After completing his master’s degree in economics from Calcutta University in India, Vijaya Gajananda Vaidya returned to Nepal where he worked as a gazetted officer for the then Ministry of Foreign Affairs for two years and then switched to United States Agency for International Development (USAID)…
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Thus, MS Group came into existence in 1970 and Maliram was its pioneer.', 'content' => '<p style="text-align:justify">When MaligramAgarwal started his business, his objective was to establish an international standard trading house. Thus, MS Group came into existence in 1970 and Maliram was its pioneer. The group established a textile mill in 1981 and an acrylic spinning mill in 1987. But it was in the <img alt="" src="/userfiles/images/ms3.jpg" style="float:right; height:328px; width:100px" />post 90s diversification when the group charted new heights.<br /> In the mid 90s, MS Group established Reliance Spinning Mill together with Golyan Group. Both the group’s investment in the spinning mill had surpassed Rs one billion by the end of the nineties. The mill turned into a cash spinning enterprise for both groups. Its output is exported to India, Bangladesh and Turkey and has an estimated annual turnover of NRs five billion. The group has also forged other joint ventures with Golyan group in the area of synthetic industry and hydropower projects. Bhagwati Rolling Mill, a steel manufacturing company, was established in 1995.<br /> The group established Bhagwati Steel Industries Pvt Ltd in 1991, Everest Sugar and Chemical Industries Pvt Ltd in 1994 and Bhagwati Carbide Industries, a battery industry in 1995. In the early 2000s, the group added a soap plant and a confectionary factory. MS Group’s venture into the spinning mill and steel and sugar industries post 1990 made the group a leading business house in Nepal today.<br /> In 2017, the MS Group introduced Fairfield by Marriot in Nepal thus entering the hospitality sector. Fairfield Marriot is a four-star American chain hotel. The group has also started construction work on a five-star deluxe hotel project in Nagpokhari, undertaken by The Everest Hospitality Group, a subsidiary of the MS Group. The project is under the flagship of Marriott International, a leading US-based hotel chain.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/ms2.jpg" style="height:1554px; width:800px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Estimated annual turnover of the MS Group is around Rs three billion from the steel industry, Rs three billion from the sugar industry and Rs five billion from spinning mills</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Spinning Mill</li> <li>Sugar Industry</li> <li>Steel industry</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>A new trading company</li> <li>Agency business</li> <li>Paint manufacturing industry and carpet industry</li> <li>Shoe industry</li> <li>Hotel projects in Kathmandu and Butwal</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>6000 people</li> </ul> </div> <p><img alt="" src="/userfiles/images/ms4.jpg" style="height:478px; width:800px" /> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7696', 'image' => '20180410035142_ms1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '7913', 'article_category_id' => '217', 'title' => 'NE Group', 'sub_title' => '', 'summary' => 'In 1972, Indra Bhakta Shrestha started importing fabrics and other consumer products from Japan and Korea. In the same year, he started Nepal Enterprises (NE) with the help of his son Ravi Bhakta Shrestha to give momentum to his trading activities. ', 'content' => '<p style="text-align:justify">In 1972, Indra Bhakta Shrestha started importing fabrics and other consumer products from Japan and Korea. In the same year, he started Nepal Enterprises (NE) with the help of his son Ravi Bhakta Shrestha to give momentum to his trading activities. Gradually, he expanded his b<img alt="" src="/userfiles/images/nn3.jpg" style="float:right; height:353px; width:100px" />usiness into the manufacturing sector. In 2039 BS, the group established a garment factory, Nepal Synthetic Industry, at Hetauda with an investment of Rs 30 million. Likewise, Everest Iron and Steel Industry was established in Biratnagar which closed down later.<br /> Today, NE Group is a prominent business house in Nepal. Unilever Nepal Limited(UNL), the largest FMCG manufacturer in Nepal, established in 1993 as the subsidiary of Hindustan Unilever Limited is one of NE’s key portfolios. The investment in Unilever Nepal was made through an investment company, Sibkrim Land and Industrial Company which was established in 1991. The entity was formed with a view to invest in real estate and various industries. It also has invested in the Soaltee Hotel Limited as well. In 1996, the group established the National Soap Industries, and the National Herbal and Pharmaceutical Industries in 2006. National Soap has also been working as an ancillary industry of UNL. The group further expanded its manufacturing arm by establishing National Ice Cream Industries in 2009.<br /> In 2008, the group entered into the health sector withLife Care Services followed by Super Religare Reference Labs in 2010. The group has a strong shareholding in Himalayan Bank and is also a promoter of United Insurance. NE Group partnered with CG Group to buy a 60 percent stake in Summit Hotel through an investment vehicle registered as R&R Heritage. It has another investment vehicle named R&R Hotels and Resorts which plans to operate a four-star hotel in Kathmandu by 2018.<br /> NE Group is still engaged in trading through a number of firms that were established over the decades. For instance, Agricon Trade Concern which was established in 1990 is active in general trading and the fertiliser business while Nepal Kirana Center is a distribution firm dealing with consumer products such as Nestle.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/nn2.jpg" style="height:539px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>In FY 2016/17, Unilever Nepal reported a turnover of Rs 4.4 billion with a net profit of Rs 965 million.In FY 2016/17, Unilever Nepal distributed Rs 1,270 dividend per share.</li> <li>In FY 2016/17, Unilever Nepal distributed Rs 1,270 dividend per share.</li> <li>Sibkrim Land and Industrial Pvt Ltd holds five percent stake in Unilever Nepal which has a paid-up capital of Rs 92,070,000.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Unilever Nepal is one of its key revenue generators</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Hotel chains of Soaltee in Pokhara and Chitwan.</li> <li>A four-star hotel in Kathmandu in a JV with CG</li> <li>Hydropower</li> <li>Medical laboratories</li> </ul> </div> <p><img alt="" src="/userfiles/images/nn4.jpg" style="height:520px; width:800px" /> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7694', 'image' => '20180410030125_nn1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 2 => array( 'Article' => array( 'id' => '7912', 'article_category_id' => '217', 'title' => 'Nimbus Holdings', 'sub_title' => '', 'summary' => 'The father-son duo of Jagadish Prasad Agrawal and Ananda Bagaria started their business journey with Global Writing, a manufacturing company that produced ball-pens in the late nineties.', 'content' => '<p style="text-align:justify">The father-son duo of Jagadish Prasad Agrawal and Ananda Bagaria started their business journey with Global Writing, a manufacturing company that produced ball-pens in the late nineties. But the company failed and the father-son duo had to think of something else. Eventually,<img alt="" src="/userfiles/images/n3%286%29.jpg" style="float:right; height:343px; width:100px" /> they moved into livestock feed supplements that brought them tremendous success in a short span.<br /> In 1998, they founded Nimbus Holdings which initially focused on the import and distribution of consumer goods such as confectionary items and later moved into the import and distribution of soya cakes and maize. This shift towards the agribusiness sector led to the formation of Nimbus International in 2000. In its initial days, the company imported animal vitamins, vaccines and medicines from US and France-based MNCs. As experience about animal health and nutrition broadened, Nimbus International started a plant producing feed supplements. In 2004, the group established Probiotech Industries, the first pellet feed manufacturing unit in Nepal. The move was a turning point for the business group whose animal feed brand ‘Shakti’ started a gradual takeover of the market and today enjoys tremendous market share in Nepal. Probiotech is also the producer of Byanjan and Sunaulo Kiran edible oil brands which are gradually building their position in the market.<br /> Following the success with animal feed, it was time for the group to expand their footprint into other business activities. National Polyplast, a company that manufactures poly woven fabrics was established in 2000 and was later renamed as Progeochem Industries. The group further expanded into the LPG business by acquiring Samriddhi Gas Udhyog and Nepal Gas.<br /> Today, Nimbus is a leading agri-business company of Nepal that has strongly leveraged its distribution network in expanding the outreach of its products. Nimbus also aims to expand its Nimbus Krishi Sewa, a one-stop agri-centre, throughout the country that already has a presence in Kathmandu, Narayanghat and Birgunj.<br /> Ananda Bagaria is probably the only business person among the leading business houses of Nepal who does not see a problem in turning his company public which he plans to do in the immediate future. Bagaria believes that businesses aspiring to grow should deal with their fears over public shareholding and open up to the public.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/n2%287%29.jpg" style="height:1220px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>IFC and Global Agriculture and Food Security Program (GAFSP) invested USD 3.8 million in equity financing in Probiotech Industries in 2014.</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Holds around 25 percent of the market share in the feeds industry</li> <li>Annual Turnover: Rs 7 billion</li> <li>Net Worth: Rs 6 billion</li> </ul> <p><span style="font-size:16px"><strong>Key Revenue Generator </strong></span></p> <ul> <li>• Animal feeds and agri-processing industries</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Chemical industries - To go into production of water based paint raw material.</li> <li>Agro-processing:Grain Warehousing,Grain Resheet financing and Grain Banking</li> <li>Plastic Packaging: Planning to bring state-of-the-art technology for cement, grain and bags for end user customers.</li> <li>Processing: Pulse Mills and other ready to eat healthy snacks.</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>800 people</li> </ul> </div> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7693', 'image' => '20180410024333_n1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '7911', 'article_category_id' => '217', 'title' => 'Panchakanya Group', 'sub_title' => '', 'summary' => 'Pioneering the manufacturing of construction materials, Panchakanya Group is considered as a force to be reckoned with in the Nepali industrial fraternity. The group is the result of a vision and the ambition of its founder Prem Bahadur Shrestha and the hard work of his sons', 'content' => '<p style="text-align:justify">Pioneering the manufacturing of construction materials, Panchakanya Group is considered as a force to be reckoned with in the Nepali in<img alt="" src="/userfiles/images/PK2.jpg" style="float:right; height:433px; width:90px" />dustrial fraternity. The group is the result of a vision and the ambition of its founder Prem Bahadur Shrestha and the hard work of his sons. A 17 year old Prem Bahadur Shrestha, after rejecting a government job offer, decided to start a business of his own. His first venture was a potato farm in Fikkal of Ilam. However, it could not succeed. Then he came to Jhapa and began trading in rice and other items gradually achieving success. Afterwards he started a partnership business in timber in 2024 BS. With strong support from his brothers, the business turned out to become quite successful.<br /> In 1971, Shrestha established the Panchakanya Rice Mill in Jhapa which is considered as a stepping stone inthe formation ofthe Panchakanya Group. In 1981, he ventured into iron and steel manufacturing by establishing the Panchakanya Iron Industries at Kotihawa, Rupandehi. The primary idea behind starting the company in Rupandehi was to tap the opportunities in the unexplored market for iron and steel construction materials in the western part of Nepal. During the 1980s, Panchakanya Group diversified further by setting up a pipe, wire and a steel manufacturing industry in Bhairahawa. The group then planned to build industrial plants in the Kathmandu Valley.<br /> Today, the group has five plants in the Kathmandu Valley for manufacturing RMC (readymix concrete), stainless steel tanks, aggregates and furniture. In 1994, Panchakanya acquired Nepal Bitumen & Barrel Udhyog, a government owned company established in 1984, under the government’s privatisation programme.<br /> In 2002, Panchakanya Steel became the first company to manufacture TMT steel bars in Nepal. Post-2015 earthquake, Panchakanya started a manufacturing plant for structural galvanized-steel and light gauge steel, which is first such plant in Nepal.<br /> With its innovation in the steel industry, the number of industries under the flag of Panchakanya and its history of being a company with strong business repute, the group has today become a highly admired brand among the Nepalis.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/PK3.jpg" style="height:630px; width:800px" /></p> <p style="text-align:justify"><img alt="" src="/userfiles/images/pk4.jpg" style="height:421px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>The group has successfully carried out many construction projects, within and outside the country, in joint ventures with foreign companies, mostly from the People’s Republic of China.</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2000 people</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Steel and iron</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Expansion of its core business and network expansion</li> </ul> </div> <p><img alt="" src="/userfiles/images/PK.jpg" style="height:792px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7692', 'image' => '20180410011928_PK1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '7910', 'article_category_id' => '217', 'title' => 'Prabhu Group', 'sub_title' => '', 'summary' => 'Prabhu’s emergence as a leading business sector has been recent. But its growth has been quite swift. Prabhu Group has a strong presence in the financial sector with a first class commercial bank to its name along with a life and a general insurance company and a money transfer and a payment company.', 'content' => '<p style="text-align:justify">Prabhu’s emergence as a leading business sector has been recent. But its growth has been quite swift. Prabhu Group has a strong presence in <img alt="" src="/userfiles/images/p3%282%29.jpg" style="float:right; height:291px; width:150px" />the financial sector with a first class commercial bank to its name along with a life and a general insurance company and a money transfer and a payment company.<br /> The emergence of the Prabhu brand started after the formation of Prabhu Travels, a travel agency formed in 1990. Devi Prakash Bhattachan, the chairman of the Prabhu Group, is the man behind the group of companies with the brand name Prabhu.<br /> In 2001, the group started Prabhu Finance and Prabhu Investment Company. Prabhu Group rose to prominence after the Prabhu Development Bank (which was upgraded from Prabhu Finance) merged with Kist Bank, Gaurishankar Development Bank and Zenith Finance Ltd to form Prabhu Bank. This was in 2014. So far, eight financial institutions have been merged into Prabhu Bank. <br /> Prabhu Group has since intensified its business expansion. In 2014, Prabhu Technology was established which later became the first company to receive a license from the central bank for mobile payments. In 2015, Prabhu group acquired a 55 percent stake in Muktinath Airlines and transformed it into Prabhu Helicopters. In 2016, Prabhu Group acquired Growmore Merchant Bank and converted it into Prabhu Capital. In late 2017, Prabhu Life Insurance came into existence. The group already has a general insurance company under its wing. <br /> The group has also been undertaking money transfer services through Prabhu Money Transfer since 2002. A Malaysia-based Prabhu Money Transfer was established in 2007 which was acquired by Telenor Group in May 2016. The group also comprises of a US-based financial service providing company, Prabhu Group Inc. which is led by the chairman’s daughter Shikshya Bhattachan.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/p2%282%29.jpg" style="height:1558px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Remittance</li> <li>Banking</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Terrestrial TV businesses</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2500 PEOPLE</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Prabhu Bank posted a net profit of Rs 1.75 billion in the fiscal year 2016-17.</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7691', 'image' => '20180410115818_p1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 5 => array( 'Article' => array( 'id' => '7909', 'article_category_id' => '217', 'title' => 'Saakha Group', 'sub_title' => '', 'summary' => 'In the 1950s, Ram Bhakta Saakha, the father of Ganesh Bhakta Saakha, was a Bhaktapur-based trader who traded in clothing, edible oils, coconuts and thread. After one hundred years in trade and business, Saakha Group can be considered as one of the oldest business houses of Nepal.', 'content' => '<p style="text-align:justify">In the 1950s, Ram Bhakta Saakha, the father of Ganesh Bhakta Saakha, was a Bhaktapur-based trader who traded in clothing, ed<img alt="" src="/userfiles/images/Clipboard06%287%29.jpg" style="float:right; height:401px; width:100px" />ible oils, coconuts and thread. After one hundred years in trade and business, Saakha Group can be considered as one of the oldest business houses of Nepal. To build on the company’s traditional business activities, Ram Bhakta Saakha sent his son to Mumbai (then known as Bombay) to study business. Upon his return from Mumbai, Ganesh Saakha started importing adhesive glues for industrial use in Nepal and further imported dyes and chemicals. At times, Ganesh Saakha also imported shoes, cloths and umbrellas from China but with the increase in demand for industrial intermediary goods, he decided to establish Nepal Polycal Industries. The establishment of the industry in 2035 BS in Hattisar marked the beginning of Saakhas as a business house in Nepal.<br /> In the 1980s, Saakha Group entered into garment production but the business declined in the mid-2000s and the group had to withdraw from it. In 1983, the group established Nepal Paints Pvt. Ltd. in technical collaboration with a Korean franchise. Later, their Saakha Metal Industries started the production of non-ferrous metal sheets and circles (copper, brass, and aluminium sheets) which are primarily used in the production of utensils. In 1995, Saakha Steel Industries was founded which produced ToR-steel using a Luxemburg-based franchise. 15 years later, the company upgraded its plant to produce TMT bars. Today, it is one of the leading Nepali steel manufacturers. Ganesh Bhakta Saakha believes that his life as an industrialist actually started from 2041 BS onwards after his venture into large scale industries such as Nepal Paint Industries, Saakha Metal Industries and Unisa Polychem Industries.<br /> In 2001, the group bought a 33 percent stake in Chemidrug Industries which is one of the oldest Nepali pharmaceuticals established in the 1970s. Saakha Group is also engaged in the import of automobiles, dyes and chemicals, solar products and prefab houses. Real estate, finance and education are other areas of business where Saakha Group has investments.</p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>4-star hotel</li> <li>Insurance company</li> </ul> </div> <p><img alt="" src="/userfiles/images/Clipboard07%284%29.jpg" style="height:504px; width:800px" /></p> <p><img alt="" src="/userfiles/images/Clipboard08%286%29.jpg" style="height:856px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7690', 'image' => '20180410114454_Clipboard09.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 6 => array( 'Article' => array( 'id' => '7908', 'article_category_id' => '217', 'title' => 'Sanima Group', 'sub_title' => '', 'summary' => 'Sanima Group comprises companies which are operational in Nepal and other countries of the world. These companies are run by prominent non-resident Nepalis (NRNs) residing in different parts of the globe. Arun Kumar Ojha, Tek Raj Niraula and Jiba Lamichhane are the key NRNs who are heading different companies under the umbrella of Sanima Group.', 'content' => '<p style="text-align:justify">Sanima Group comprises companies which are<img alt="" src="/userfiles/images/sann.jpg" style="float:right; height:159px; width:450px" /> operational in Nepal and other countries of the world. These companies are run by prominent non-resident Nepalis (NRNs) residing in different parts of the globe. Arun Kumar Ojha, Tek Raj Niraula and Jiba Lamichhane are the key NRNs who are heading different companies under the umbrella of Sanima Group. The group has major investment in hydropower and banking sector while its portfolio also expands to the insurance, health and media and communication sectors. The seeds of Sanima Group of Companies were sowed in the former Soviet Russia when Ojha, Niroula and Lamichhane joined hands to start a business. The three men had gone to Russia in the 1980s to pursue their higher studies. They were also engaged in business activities apart from studies. Arun Ojha and Tek Raj Niraula used to run an electrical business in Moscow while Lamichhane who migrated to Russia in 1986 worked as a dealer for Sony, LG and Samsung brands in Russia during his initial days as a businessman. The trio combined their businesses and academic expertise and turned into millionaires with business setups in foreign land.</p> <p style="text-align:justify"> In 1999, they founded the Sanima Hydropower Limited in Nepal, the first company of the Sanima Group, that constructed the 2.6 MW Sunkoshi Small Hydropower Project. Their investment efforts were complimented by Belarus-Russian entrepreneurs including Dr Upendra Mahato, Khem Lamichhane, Binaya Kumar Shrestha, Dr Niraj Govind Shrestha, Olga Ojha, Ram Krishna Shah and Ghanashyam Thapa. Afterwards, the group formed Sanima Hydro, a group of private and public companies with investments from NRNs. After the successful implementation of the Sunkoshi Small Hydropower Project, the group established multiple special purpose vehicles and invested in multiple hydropower projects with a total generation capacity of over 100 MW. The companies under Sanima Hydro include, Sanima Hydropower Limited, Sanima Middle Tamor Hydropower Ltd, Sanima Hydro and Engineering Pvt Ltd, Tamor Sanima Energy Pvt Ltd, Swet Ganga Hydropower and Construction Ltd and Sanima Hydro and Engineering Pvt Ltd (SHEPL).</p> <p style="text-align:justify">In 2004, the group forayed into financial services with the establishment of Sanima Bank which started as a national level development bank. A decade later, the development bank was upgraded to a commercial bank which has been a key milestone for the group. Sanima Group of Companies now comprises a life insurance company, Sanima Life Insurance, while a general insurance company is all set to begin operation in April.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/sann3.jpg" style="height:1579px; width:800px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>SHEPL is a joint venture between Sanima Hydro and Hydroplan, a UK-based hydropower consulting company</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>28 MW Lower Likhu Hydropower Project (Power Purchase Agreement with the government executed)</li> <li>Middle Tamor Hydropower Project (54 MW)</li> <li>Mailung hydropower under study.</li> <li>Sanima General Insuranc</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7689', 'image' => '20180410113131_sann2.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 7 => array( 'Article' => array( 'id' => '7905', 'article_category_id' => '217', 'title' => 'Shanker Group', 'sub_title' => '', 'summary' => 'After testing his efforts in trading, Rawat Mal Golyan established a button factory called the Sau Udyog in Nepal in 1960. Although it didn’t prove successful, it was a first step towards the making of a business group that would own multiple industries later.', 'content' => '<p style="text-align:justify">After testing his efforts in trading, Rawat Mal Golyan established a button factory called the Sau Udyog in Nepal in 1960. Although it didn’t<img alt="" src="/userfiles/images/sg3.jpg" style="float:right; height:443px; width:90px" /> prove successful, it was a first step towards the making of a business group that would own multiple industries later. Golyan was originally from Myanmar and arrived in Nepal exploring business opportunities. After the failure of the button factory, Golyan returned to trading.<br /> Shanker Lal Agrawal, the youngest son of Rawat, whose initial exposure was in the fabric business continued his father’s business and established Shanker Group in 1979. During the mid 1980s, Agrawal started trading in ball bearings representing various international brands. The group has now over 30 companies under its umbrella spanning a range of sectors including mining, cement, steel, synthetics, textiles, FMCG, trading and, insurance, capital market, real estate and hospitality. The group’s momentum in manufacturing gained speed after establishing Jagdamba Steels in 1994 and Jagdamba Cement in 2001. It was followed by a plastic yarn manufacturing company Jagdamba Synthetics and pipes, tubes and TMT bars manufacturer Jagdamba Enterprises in 2001. Jagdamba Entreprises has been the authorised distributor of Tata Steelium for Nepal since 2006.<br /> In 2014, Shanker Group partnered with Ambe Group and initiated a USD 60 million cement project, Riddhi Siddhi Cement. Likewise, the group has recently marked its entry into the hospitality sector with a luxury hotel, DoubleTree by Hilton which is currently under construction at Naxal, Kathmandu. DoubleTree by Hilton is a chain of Hilton Hotels and Resorts which is among the largest hotel chains in the world.</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>The cement, plastic and textile units of Shanker Group are JVs with Saurabh Group</li> <li>Riddhi Siddhi Cement is a JV with Ambe Group</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Estimated annual turnover is NRs 70 billion that the group plans to grow to Rs 100 billion.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Manufacturing units - steel, cement, plastics, textiles and FMCG industries</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Double Tree by Hilton Hotel at Naxal</li> <li>Riddhi Siddhi Cement at Hetauda</li> <li>A large scale cement plant in eastern part of Nepal and a Jagdamba Cement plant at Bhairahawa</li> <li>Hydropower projects such as Madi and Balefi hydropower projects</li> <li>TVS assembly plant in Birgunj</li> <li>Expansion of steel plant</li> <li>Alcohol beverage plant installation is ongoing</li> <li>Real estate investments including business complexes</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,200 people</li> </ul> </div> <p><img alt="" src="/userfiles/images/sg2.jpg" style="height:1973px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7686', 'image' => '20180409043739_sg1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 8 => array( 'Article' => array( 'id' => '7904', 'article_category_id' => '217', 'title' => 'Sharda Group', 'sub_title' => '', 'summary' => 'More than six decades ago, Duli Chandra Sharda set up a rice mill in Lahan namely Pashupati Rice Mill. It was this rice mill that built a base for the establishment of Sharda Group. Prior to that, Duli Chandra Sharda and his father were Lahan-based small traders who traded in rice, jute, mustard seeds etc. ', 'content' => '<p>More than six decades ago, Duli Chandra Sharda set up a rice mill in Lahan namely Pashupati Rice Mill. It was this rice mill that built a base<img alt="" src="/userfiles/images/ss3%283%29.jpg" style="float:right; height:576px; width:90px" /> for the establishment of Sharda Group. Prior to that, Duli Chandra Sharda and his father were Lahan-based small traders who traded in rice, jute, mustard seeds etc. Back then, farmers and traders travelled to India with their paddy. Lack of a rice mill in the Terai region encouraged Duli Chandra to set up a rice mill in Lahan. There was no looking back after that. In the subsequent years, he added three more rice mills in Lahan, three more in other parts of Siraha district and one in Janakpur. They also opened a sugar mill which unfortunately failed but their oil mill business succeeded.<br /> Later, the sons of Duli Chandra, established two rolling mills in Nepal, Everest Iron and Steel Industry in Biratnagar and Hetauda Iron Industries in Hetauda. Following the establishment of the rice mill and iron and steel industry, the family went into more industries such as solvent extraction, oxygen plant and ghee manufacturing and plants. The group manufactured wire and cables, flour, lentil, and noodle and shoe, carpet and grain spirit.<br /> In 2000, Sharda Group, in a joint venture with Jaju Group, established Asian Thai Food which is the producer of noodle brands such as Rumpum, Preeti and 2PM. Twelve years later, the two groups started another joint venture as Asian Biscuit and Confectionary. The confectionary group started producing Goodlife brand of biscuits in 2014.<br /> In 2006, the group entered the cement industry establishing Shivam Cement. In 2017, the group signed a joint venture with China’s Hongshi Group and established Hongshi-Shivam Cement. The joint venture project is valued at USD 359 million and is expected to be operational by 2018. The group has also entered the hydropower sector with Ridi Hydropower while there are other hydropower projects in the pipeline too. The group is a leading promoter at Kumari Bank and is present in NMB Bank and Sunrise Bank too. Pioneer Motocorp, a subsidiary of the group, represents Datsun in Nepal.</p> <p><img alt="" src="/userfiles/images/ss2%285%29.jpg" style="height:722px; width:800px" /></p> <p> </p> <p> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Pashupati Rice and Oil Mills Pvt. Ltd. (Four decades in operation)</li> <li>Atlas Pet Plastic Industries</li> <li>Premier Polymers</li> <li>PashupatiSynpack Industries</li> <li>Nutri-foods</li> <li>Shivam Cement</li> <li>Cosmic Homecare</li> <li>Asian Thai Foods</li> <li>Asian Biscuit and Confectionery</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Shivam Cement is a joint venture company with a Chinese company (Hongshi Group) as a joint venture partner.</li> <li>Asian Thai Foods and Snacks and Asian Biscuit and Confectionary are two different JVs, both between the Sharda Group and Jaju Group.</li> </ul> <p> </p> </div> <p><img alt="" src="/userfiles/images/ss5.jpg" style="height:1324px; width:804px" /></p> <p><img alt="" src="/userfiles/images/ss4%282%29.jpg" style="height:782px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7685', 'image' => '20180409040835_ss1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 9 => array( 'Article' => array( 'id' => '7901', 'article_category_id' => '217', 'title' => 'Siddhartha Rana Group', 'sub_title' => '', 'summary' => 'Prabhakar SJB Rana, the Chairman Emeritus of Soaltee Crowne Plaza, has been engaged in a number of sectors particularly hospitality, trade, automobiles and hydropower. ', 'content' => '<p style="text-align:justify">Prabhakar SJB Rana, the Chairman Emeritus of Soaltee Crowne Plaza, has been engaged in a number of sectors particularly hospitality, trade, automobiles and hydropower. Soaltee Hotel, founded in 1967 and later managed by Oberoi Hotel group in 1969, turned into a public limited company in 1975 after Soaltee Enterprises, Nepal Industrial Development Corporation, International Finance Corporation, Oberoi Hotels, Nepal Airlines Corporation and the public bought its stakes. The public limited company now owns the Soaltee Crowne Plaza. Only a few months ago, the Soaltee Hotel Limited expanded its portfolio with a four-star hotel namely Soaltee Westend Premier Hotel in Nepalgunj.<br /> In 1982, Prabhakar Rana established Sipradi Trading Pvt. Ltd. which became the exclusive distributor of Tata Motors Ltd. for Nepal in the same year. Meanwhile, Sipradi Energy, a company under Sipradi group of companies, represents Exide batteries and Luminous inverters. Apart from Sipradi, the Rana group has significant investments in manufacturing and hydropower. In 1986, Surya Nepal Pvt. Ltd., an Indo-Nepal-UK joint venture was established which manufactures the Surya brand of cigarettes, a best-selling cigarette brand in Nepal. Apart from the tobacco business, the company is engaged in the business of safety matches, incense and readymade garments.<br /> In 1996, Bhote Koshi Power Company was added to the Rana’s group of businesses. The power company owns the 45 MW Upper Bhote Koshi hydro power project which is the first privately funded run of the river hydropower project in Nepal. Together with Soaltee Enterprises and Surya Enterprises, the investment companies through which the Rana family has made investments, the Rana group also has engagements in other businesses such as travel, transport and shipping, tea processing and private equity management.<br /> With the growing and ever expanding business, Siddhartha SJB Rana (son of Prabhakar SJB Rana) who currently looks after the entire business operations has been often named as the top individual income taxpayer in Nepal, while Surya Nepal has often made it to the list of the top 10 tax paying enterprises. In addition, Sipradi Trading is amongst the highest tax-paying trading enterprises in Nepal bagging the award in 2014, 2015 and 2016. Although the group of businesses doesn’t have an official group name, it is believed that they prefer the name Siddhartha Rana Group. </p> <p style="text-align:justify"><img alt="" src="/userfiles/images/s2%288%29.jpg" style="float:right; height:1466px; width:800px" /><img alt="" src="/userfiles/images/s3%287%29.jpg" style="float:right; height:333px; width:90px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Surya Nepal Pvt. Ltd. is an Indo-Nepal-UK joint venture. It is a subsidiary of ITC Limited, India. The balance shares are held by Nepali individuals and corporate shareholders and British American Tobacco (Investment) Limited, UK.</li> <li>Soaltee Crowne Plaza is a joint venture between Soaltee Enterprises and Sibkrim Land and Industrial Company, a subsidiary company of the NE Group.</li> <li>Bhotekoshi Power Company is a Nepal-US joint venture with Himal International Energy Pvt. Ltd. (HIEPL), Himal International Power Corp Pvt. Ltd. (HIPC), Tara Fund Pvt. Ltd. (TFPL) and RDC of Nepal (RDC/N) as its shareholders. While HIEPL, HIPC and TFPL are Nepali companies, RDC/N is a company jointly owned by two US companies: MWH International, Inc. (MWH) and Harza International Development Company, LLC (Harza)</li> <li>Gorkha Lawrie is a joint venture with British company Lawrie Group PLC.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Sipradi Trading</li> <li>Surya Nepal</li> <li>Bhote Koshi Hydropower Project</li> <li>Soaltee Hotel</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Luxury resort in Pokhara under the brand name of Soaltee Hotel.</li> <li>Five-star hotel in 45 ropanis of land at Rabibhawan under Surya Enterprises</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,400 people (Sipradi has 750 employees + 650 support staff)</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Annual Revenue: Sipradi Group of companies is estimated to have revenue over USD 350 million.</li> </ul> </div> <p><img alt="" src="/userfiles/images/s4%289%29.jpg" style="height:996px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7682', 'image' => '20180409034007_s1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 10 => array( 'Article' => array( 'id' => '7898', 'article_category_id' => '217', 'title' => 'Triveni Group', 'sub_title' => '', 'summary' => 'Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. ', 'content' => '<p>Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. The trading wing has 11 branches across Nepal.</p> <p>The group’s emergence occurred post 1990 after it extended its manufacturing arm to different areas. Triveni Synthetic Yarn Industries was established in 1990 followed by Triveni Spinning Mills in 1992. The group then extended its manufacturing arm with a textile plant in 1996, two packaging plants in 1997 and a plasto polymer plant in 1998. In 2000, Triveni Group took over the state-owned Nepal Tea Development Corporation (NTDC) on a lease agreement for 50 years. Tokla is one of the popular tea brands in Nepal that is produced by the NTDC.</p> <p>The group entered cement production with Shree Pashupati Cement in 2002. The next year, it added another cement plant, Vishwakarma Cement Pvt Ltd. In 2009, Triveni Group established Ghorahi Cement Industry Pvt Ltd in partnership with Vishal Group. The group also runs Kapilvastu Cement. In addition, the group is engaged in coal and limestone extraction in different mines in western region of Nepal. In 2010, the group started Triveni Feed Industries.<br /> The same year, the group ventured into the retail sector with a retail chain named Big Mart. The group also runs NLIC City Centre, a shopping mall in Kathmandu with a multiplex named Big Movies.</p> <p>As with most of the business houses,<br /> Triveni Group has a considerable presence in the financial sector. The group is the promoter of banks such as NIC Asia and NMB Bank and insurance companies, Nepal Life Insurance Company (NLIC) and Prudential Life Insurance.</p> <p>Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. The trading wing has 11 branches across Nepal.</p> <p>The group’s emergence occurred post 1990 after it extended its manufacturing arm to different areas. Triveni Synthetic Yarn Industries was established in 1990 followed by Triveni Spinning Mills in 1992. The group then extended its manufacturing arm with a textile plant in 1996, two packaging plants in 1997 and a plasto polymer plant in 1998. In 2000, Triveni Group took over the state-owned Nepal Tea Development Corporation (NTDC) on a lease agreement for 50 years. Tokla is one of the popular tea brands in Nepal that is produced by the NTDC.</p> <p>The group entered cement production with Shree Pashupati Cement in 2002. The next year, it added another cement plant, Vishwakarma Cement Pvt Ltd. In 2009, Triveni Group established Ghorahi Cement Industry Pvt Ltd in partnership with Vishal Group. The group also runs Kapilvastu Cement. In addition, the group is engaged in coal and limestone extraction in different mines in western region of Nepal. In 2010, the group started Triveni Feed Industries.<br /> The same year, the group ventured into the retail sector with a retail chain named Big Mart. The group also runs NLIC City Centre, a shopping mall in Kathmandu with a multiplex named Big Movies.</p> <p>As with most of the business houses,<br /> Triveni Group has a considerable presence in the financial sector. The group is the promoter of banks such as NIC Asia and NMB Bank and insurance companies, Nepal Life Insurance Company (NLIC) and Prudential Life Insurance.</p> <p><img alt="" src="/userfiles/images/1%2818%29.jpg" style="float:left; height:1795px; width:800px" /></p> <p> </p> <p><img alt="" src="/userfiles/images/2%2812%29.jpg" style="float:right; height:993px; width:125px" /></p> <p> </p> <p> </p> <p> </p> <p><img alt="" src="/userfiles/images/3%2814%29.jpg" style="height:488px; width:800px" /></p> <p> </p> <p> </p> <p> </p> <p> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Trading</li> <li>Manufacturing industries such as cement, yarn, tea and textiles, feed etc.</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>52 MW Likhu-4 Hydropower Project</li> <li>Expansion of retail chain Big Mart across Nepa</li> <li>25 MW Balefi Hydropower Project</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Green Ventures Pvt Ltd is a JV between Bhilwara Energy Ltd, India and Triveni Group, Nepal</li> </ul> <p><img alt="" src="/userfiles/images/Clipboard14%2810%29.jpg" style="float:left; height:140px; width:910px" /></p> <p> </p> <p> </p> </div> <p> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7679', 'image' => '20180409023804_111.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '7894', 'article_category_id' => '217', 'title' => 'Universal Group', 'sub_title' => '', 'summary' => 'Late Noor Pratap Rana, the founder of Universal Group, is considered a pioneer in the Nepali footwear industry. Noor stepped into the footwear industry in the 1970s. In the early 80s, the group established a factory in Hetauda and started producing ‘Hathi’ brand slippers.', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard04%284%29.jpg" style="float:right; height:293px; margin:5px; width:90px" />Late Noor Pratap Rana, the founder of Universal Group, is considered a pioneer in the Nepali footwear industry. Noor stepped into the footwear industry in the 1970s. In the early 80s, the group established a factory in Hetauda and started producing ‘Hathi’ brand slippers. A catchphrase used to promote the brand “Hathi Baliyo ki Hathi Chap Chappal” became famous in the decades to come. </p> <p style="text-align:justify">Rana is believed to have introduced the first pair of slippers manufactured in Nepal. Later, Noor founded the brand Goldstar in the nineties. Today, it has become Nepal’s premium footwear brand known for its quality, durability and design and is produced in two factories in Kathmandu, Shankha Park and Balaju, and majorly exported to India. Today, the group produces Goldstar brand shoes under Kiran Shoes Manufacturer and Hathichhap brand sandals under Modern Slipper Industry. Both brands are exported to South Asian markets. In the year 2013, the government felicitated Kiran Shoes as the highest taxpayer in the export category.</p> <p style="text-align:justify">Earlier, Noor started his business career trying his hands in the transport business in Bhairahawa. His breakthrough came when he started producing metal strings by importing Mica but it was his journey into the footwear industry that got him his major success. Afterwards, the group stepped into the dairy industry by establishing Integrated Dairy and Agro Products Pvt Ltd in 2004. The company is the producer of milk brand ‘Anmol’. The group is one of the major promoters of Kumari Bank, NMB Bank and Shikhar Insurance Co.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard03%289%29.jpg" style="height:1502px; 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>Estimated annual turnover of Rs 15 billion</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2,850 people</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Universal Elder Pharmaceutical Pvt Ltd is a JV with Elder Pharmaceuticals Ltd India</li> </ul> <p><span style="font-size:16px"><strong>Planned Investment</strong></span></p> <ul> <li>Expand the verticals of footwear industry and go extensively on different variants with new designs. Planning to introduce new variants such as safety boots, utility, lifestyle and school shoes and shoes used by security forces. </li> <li>Opening a shoe factory in Bhairahawa</li> </ul> <p><span style="font-size:16px"><strong>Key Revenue Generator</strong></span><br /> Footwear companies especially Kiran Shoes Manufacturer</p> </div> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7675', 'image' => '20180409104456_Clipboard01.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '7893', 'article_category_id' => '217', 'title' => 'Vishal Group', 'sub_title' => '', 'summary' => 'It was during the 1940s that the seeds of Vishal Group, a business group owned by an Agrawal family, were sown with the establishment of a fabric shop in Dharan. The Agrawal family was led by Gordhandas Agrawal who traded cloths in Dharan, after having moved from Ilam. ', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard80.jpg" style="float:right; height:494px; margin:5px; width:100px" />It was during the 1940s that the seeds of Vishal Group, a business group owned by an Agrawal family, were sown with the establishment of a fabric shop in Dharan. The Agrawal family was led by Gordhandas Agrawal who traded cloths in Dharan, after having moved from Ilam. The family continued its sole focus on trading for the next few decades, and primarily on textile imports from India. Later, they started importing textiles from China as well. </p> <p style="text-align:justify">Their progression into international trade, apart from India and China, started gradually as a trader of a range of industrial inputs and international FMCG brands for Nepal. Today, the group imports industrial inputs such as raw materials, semi finished goods and machineries and FMCG products from companies such as Procter and Gamble (P&G), DIAGEO, United Biscuits, Tabasco, Moet & Hennessy, Mentholatum and Orion, which in total accounts to international companies spread across 40 countries and leveraging its wide distribution network for their distribution throughout the country. For this reason, the group considers their engagement in trading and brand representation as one of its key strengths. </p> <p style="text-align:justify">As the trading business thrived, Vishal Group started diversifying into multiple sectors during the 1980s. In 1987, they established Kamala Iron Industry which was later converted into Kamala Rolling Pvt Ltd. At the same time, the group was also engaged in manufacturing batteries. In the 1990s, they established a toothpaste manufacturing factory. The group also has a steel factory under its wing namely Mainawati Steel. </p> <p style="text-align:justify">The group took another step towards further diversification, entering the financial sector in the mid 1990s to consolidate its position as a leading business house of Nepal. Today, Vishal Group is a prominent name in the financial sector, with a strong presence in the banking and insurance sector. The group joined a pool of investors and established NIC Bank in 1997 as a lead promoter which later merged with Bank of Asia to become the current NIC Asia Bank. Post merger, NIC Asia became one of the largest banks of Nepal. The group is also a leading promoter of NMB Bank. It stepped into the insurance sector in the year 2000 promoting Life Insurance Corporation (LIC) Nepal Ltd and Prudential General Insurance Company. The group has also forayed into the education sector by promoting Delhi Public School based in Biratnagar and Kathmandu and as a partner at Ace Institute of Management. It also has its presence in the automobile industry representing Volkswagen (Germany), Suzuki Motorcycle India Pvt Ltd and Kobelco Construction Machinery.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard78.jpg" style="height:376px; width:800px" /></p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard72%282%29.jpg" style="height:1103px; width:800px" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>10,000 people</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Education sector in the area of management, medical and training institutes </li> <li>Hydropower projects</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Trading and brand representation</li> <li>Banking and insurance sector</li> <li>Iron and steel industry</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>LIC (Nepal) Ltd is a JV between Life Insurance Corp of India and Vishal Group</li> <li>Care Rating Nepal is a JV between CARE Ratings Limited (India), an international credit rating institution, Vishal Group, Emerging Nepal Ltd, Nepal Reinsurance Company Limited, Global IME Bank Limited, Prudential Insurance Company Ltd and Life Insurance Corporation Nepal Ltd</li> <li>NMB Bank is a JV with FMO, a Netherlands-based development bank</li> <li>Kathmandu and Biratnagar based Delhi Public School are franchises of Delhi Public School Society of India</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7674', 'image' => '20180409102851_Clipboard77.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 13 => array( 'Article' => array( 'id' => '7892', 'article_category_id' => '217', 'title' => 'Vaidya Organization of Industries and Trading Houses (VOITH)', 'sub_title' => '', 'summary' => 'After completing his master’s degree in economics from Calcutta University in India, Vijaya Gajananda Vaidya returned to Nepal where he worked as a gazetted officer for the then Ministry of Foreign Affairs for two years and then switched to United States Agency for International Development (USAID) ', 'content' => '<div class="content-wrapper" style="box-sizing: border-box; padding-left: 10px;"> <div class="highlight-column" style="box-sizing: border-box; width: 200px; padding: 5px; float: right; clear: left; margin-left: 5px; margin-top: 5px; margin-bottom: 5px; text-align: center; background: rgb(230, 230, 250);"> <p><span style="font-family:helvetica neue,helvetica,arial,sans-serif; font-size:14.84px"><img alt="Suraj Vaidya, Chairman, Vaidya Organization of Industries and Trading Houses (VOITH)" src="/userfiles/images/Clipboard67%284%29.jpg" style="height:254px; width:190px" /></span><strong>Suraj Vaidya</strong><br /> Chairman <br /> Vaidya Organization of Industries and Trading Houses (VOITH)</p> </div> </div> <p>After completing his master’s degree in economics from Calcutta University in India, Vijaya Gajananda Vaidya returned to Nepal where he worked as a gazetted officer for the then Ministry of Foreign Affairs for two years and then switched to United States Agency for International Development (USAID) where he worked for around five years. He worked another year for a Washington-based research institute and that was the end of his career as an employee. </p> <p>At the age of 29 with USD 700 in his pocket, Vaidya invested the amount in establishing United Traders Syndicate (UTS) that became the sole distributor of Toyota Motors in Nepal. Back then, UTS introduced the Toyota Corona Saloon in 1969 and Corolla in 1973. In the early 2000s, UTS introduced the Hiace brand of passenger vehicles in Nepal. With five decades in Nepal, the Toyota brand has won the hearts of Nepalis for its quality and durability and has solidified VOITH’s reputation in the automobile industry. On the other hand, Agni Incorporated, another subsidiary company of VOITH, is the authorised distributor of Mahindra & Mahindra vehicles in Nepal. The Indian automobile is gradually becoming a favourite four-wheeler brand in Nepal. </p> <p>Apart from automobiles, VOITH has diversified into agro processing, tea, construction, feed production, insurance, animal husbandry and technical education. VOITH has had a robust presence in the tea industry since 1999 with subsidiary companies such as Guranse Tea Estate, Mai-Ilam Guranse Tea Industries and Nirvana Tea Processing and Packaging producing, storing, processing and exporting high quality Nepali orthodox tea. VOITH’s portfolio also includes the insurance sector with Suraj Vaidya as one of the promoters of Lumbini General Insurance Company.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard71%283%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>Nepal Wellhope Agri-Tech Private Limited is a JV between VOITH and China’s Liaoning Wellhope Agritech Company</li> <li>Serving Minds Private Limited is a joint venture between VOITH and the Mercantile Group </li> </ul> <p><span style="font-size:16px"><strong>Financials </strong></span></p> <ul> <li>VOITH’s estimated annual turnover is approximately Rs 20 billion.</li> </ul> <p><span style="font-size:16px"><strong>Key Business </strong></span></p> <ul> <li>Agri based businesses such as tea</li> <li>Trading of four-wheelers</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Tourism (Resort)</li> <li>IT</li> <li>Alternative Energy</li> <li>Automobile parts</li> <li>Education</li> <li>Electric Bicycle Assembly Plant</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7673', 'image' => '20180409102505_Clipboard70.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => true, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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Thus, MS Group came into existence in 1970 and Maliram was its pioneer.', 'content' => '<p style="text-align:justify">When MaligramAgarwal started his business, his objective was to establish an international standard trading house. Thus, MS Group came into existence in 1970 and Maliram was its pioneer. The group established a textile mill in 1981 and an acrylic spinning mill in 1987. But it was in the <img alt="" src="/userfiles/images/ms3.jpg" style="float:right; height:328px; width:100px" />post 90s diversification when the group charted new heights.<br /> In the mid 90s, MS Group established Reliance Spinning Mill together with Golyan Group. Both the group’s investment in the spinning mill had surpassed Rs one billion by the end of the nineties. The mill turned into a cash spinning enterprise for both groups. Its output is exported to India, Bangladesh and Turkey and has an estimated annual turnover of NRs five billion. The group has also forged other joint ventures with Golyan group in the area of synthetic industry and hydropower projects. Bhagwati Rolling Mill, a steel manufacturing company, was established in 1995.<br /> The group established Bhagwati Steel Industries Pvt Ltd in 1991, Everest Sugar and Chemical Industries Pvt Ltd in 1994 and Bhagwati Carbide Industries, a battery industry in 1995. In the early 2000s, the group added a soap plant and a confectionary factory. MS Group’s venture into the spinning mill and steel and sugar industries post 1990 made the group a leading business house in Nepal today.<br /> In 2017, the MS Group introduced Fairfield by Marriot in Nepal thus entering the hospitality sector. Fairfield Marriot is a four-star American chain hotel. The group has also started construction work on a five-star deluxe hotel project in Nagpokhari, undertaken by The Everest Hospitality Group, a subsidiary of the MS Group. The project is under the flagship of Marriott International, a leading US-based hotel chain.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/ms2.jpg" style="height:1554px; width:800px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Estimated annual turnover of the MS Group is around Rs three billion from the steel industry, Rs three billion from the sugar industry and Rs five billion from spinning mills</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Spinning Mill</li> <li>Sugar Industry</li> <li>Steel industry</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>A new trading company</li> <li>Agency business</li> <li>Paint manufacturing industry and carpet industry</li> <li>Shoe industry</li> <li>Hotel projects in Kathmandu and Butwal</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>6000 people</li> </ul> </div> <p><img alt="" src="/userfiles/images/ms4.jpg" style="height:478px; width:800px" /> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7696', 'image' => '20180410035142_ms1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '7913', 'article_category_id' => '217', 'title' => 'NE Group', 'sub_title' => '', 'summary' => 'In 1972, Indra Bhakta Shrestha started importing fabrics and other consumer products from Japan and Korea. In the same year, he started Nepal Enterprises (NE) with the help of his son Ravi Bhakta Shrestha to give momentum to his trading activities. ', 'content' => '<p style="text-align:justify">In 1972, Indra Bhakta Shrestha started importing fabrics and other consumer products from Japan and Korea. In the same year, he started Nepal Enterprises (NE) with the help of his son Ravi Bhakta Shrestha to give momentum to his trading activities. Gradually, he expanded his b<img alt="" src="/userfiles/images/nn3.jpg" style="float:right; height:353px; width:100px" />usiness into the manufacturing sector. In 2039 BS, the group established a garment factory, Nepal Synthetic Industry, at Hetauda with an investment of Rs 30 million. Likewise, Everest Iron and Steel Industry was established in Biratnagar which closed down later.<br /> Today, NE Group is a prominent business house in Nepal. Unilever Nepal Limited(UNL), the largest FMCG manufacturer in Nepal, established in 1993 as the subsidiary of Hindustan Unilever Limited is one of NE’s key portfolios. The investment in Unilever Nepal was made through an investment company, Sibkrim Land and Industrial Company which was established in 1991. The entity was formed with a view to invest in real estate and various industries. It also has invested in the Soaltee Hotel Limited as well. In 1996, the group established the National Soap Industries, and the National Herbal and Pharmaceutical Industries in 2006. National Soap has also been working as an ancillary industry of UNL. The group further expanded its manufacturing arm by establishing National Ice Cream Industries in 2009.<br /> In 2008, the group entered into the health sector withLife Care Services followed by Super Religare Reference Labs in 2010. The group has a strong shareholding in Himalayan Bank and is also a promoter of United Insurance. NE Group partnered with CG Group to buy a 60 percent stake in Summit Hotel through an investment vehicle registered as R&R Heritage. It has another investment vehicle named R&R Hotels and Resorts which plans to operate a four-star hotel in Kathmandu by 2018.<br /> NE Group is still engaged in trading through a number of firms that were established over the decades. For instance, Agricon Trade Concern which was established in 1990 is active in general trading and the fertiliser business while Nepal Kirana Center is a distribution firm dealing with consumer products such as Nestle.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/nn2.jpg" style="height:539px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>In FY 2016/17, Unilever Nepal reported a turnover of Rs 4.4 billion with a net profit of Rs 965 million.In FY 2016/17, Unilever Nepal distributed Rs 1,270 dividend per share.</li> <li>In FY 2016/17, Unilever Nepal distributed Rs 1,270 dividend per share.</li> <li>Sibkrim Land and Industrial Pvt Ltd holds five percent stake in Unilever Nepal which has a paid-up capital of Rs 92,070,000.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Unilever Nepal is one of its key revenue generators</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Hotel chains of Soaltee in Pokhara and Chitwan.</li> <li>A four-star hotel in Kathmandu in a JV with CG</li> <li>Hydropower</li> <li>Medical laboratories</li> </ul> </div> <p><img alt="" src="/userfiles/images/nn4.jpg" style="height:520px; width:800px" /> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7694', 'image' => '20180410030125_nn1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 2 => array( 'Article' => array( 'id' => '7912', 'article_category_id' => '217', 'title' => 'Nimbus Holdings', 'sub_title' => '', 'summary' => 'The father-son duo of Jagadish Prasad Agrawal and Ananda Bagaria started their business journey with Global Writing, a manufacturing company that produced ball-pens in the late nineties.', 'content' => '<p style="text-align:justify">The father-son duo of Jagadish Prasad Agrawal and Ananda Bagaria started their business journey with Global Writing, a manufacturing company that produced ball-pens in the late nineties. But the company failed and the father-son duo had to think of something else. Eventually,<img alt="" src="/userfiles/images/n3%286%29.jpg" style="float:right; height:343px; width:100px" /> they moved into livestock feed supplements that brought them tremendous success in a short span.<br /> In 1998, they founded Nimbus Holdings which initially focused on the import and distribution of consumer goods such as confectionary items and later moved into the import and distribution of soya cakes and maize. This shift towards the agribusiness sector led to the formation of Nimbus International in 2000. In its initial days, the company imported animal vitamins, vaccines and medicines from US and France-based MNCs. As experience about animal health and nutrition broadened, Nimbus International started a plant producing feed supplements. In 2004, the group established Probiotech Industries, the first pellet feed manufacturing unit in Nepal. The move was a turning point for the business group whose animal feed brand ‘Shakti’ started a gradual takeover of the market and today enjoys tremendous market share in Nepal. Probiotech is also the producer of Byanjan and Sunaulo Kiran edible oil brands which are gradually building their position in the market.<br /> Following the success with animal feed, it was time for the group to expand their footprint into other business activities. National Polyplast, a company that manufactures poly woven fabrics was established in 2000 and was later renamed as Progeochem Industries. The group further expanded into the LPG business by acquiring Samriddhi Gas Udhyog and Nepal Gas.<br /> Today, Nimbus is a leading agri-business company of Nepal that has strongly leveraged its distribution network in expanding the outreach of its products. Nimbus also aims to expand its Nimbus Krishi Sewa, a one-stop agri-centre, throughout the country that already has a presence in Kathmandu, Narayanghat and Birgunj.<br /> Ananda Bagaria is probably the only business person among the leading business houses of Nepal who does not see a problem in turning his company public which he plans to do in the immediate future. Bagaria believes that businesses aspiring to grow should deal with their fears over public shareholding and open up to the public.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/n2%287%29.jpg" style="height:1220px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>IFC and Global Agriculture and Food Security Program (GAFSP) invested USD 3.8 million in equity financing in Probiotech Industries in 2014.</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Holds around 25 percent of the market share in the feeds industry</li> <li>Annual Turnover: Rs 7 billion</li> <li>Net Worth: Rs 6 billion</li> </ul> <p><span style="font-size:16px"><strong>Key Revenue Generator </strong></span></p> <ul> <li>• Animal feeds and agri-processing industries</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Chemical industries - To go into production of water based paint raw material.</li> <li>Agro-processing:Grain Warehousing,Grain Resheet financing and Grain Banking</li> <li>Plastic Packaging: Planning to bring state-of-the-art technology for cement, grain and bags for end user customers.</li> <li>Processing: Pulse Mills and other ready to eat healthy snacks.</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>800 people</li> </ul> </div> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7693', 'image' => '20180410024333_n1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '7911', 'article_category_id' => '217', 'title' => 'Panchakanya Group', 'sub_title' => '', 'summary' => 'Pioneering the manufacturing of construction materials, Panchakanya Group is considered as a force to be reckoned with in the Nepali industrial fraternity. The group is the result of a vision and the ambition of its founder Prem Bahadur Shrestha and the hard work of his sons', 'content' => '<p style="text-align:justify">Pioneering the manufacturing of construction materials, Panchakanya Group is considered as a force to be reckoned with in the Nepali in<img alt="" src="/userfiles/images/PK2.jpg" style="float:right; height:433px; width:90px" />dustrial fraternity. The group is the result of a vision and the ambition of its founder Prem Bahadur Shrestha and the hard work of his sons. A 17 year old Prem Bahadur Shrestha, after rejecting a government job offer, decided to start a business of his own. His first venture was a potato farm in Fikkal of Ilam. However, it could not succeed. Then he came to Jhapa and began trading in rice and other items gradually achieving success. Afterwards he started a partnership business in timber in 2024 BS. With strong support from his brothers, the business turned out to become quite successful.<br /> In 1971, Shrestha established the Panchakanya Rice Mill in Jhapa which is considered as a stepping stone inthe formation ofthe Panchakanya Group. In 1981, he ventured into iron and steel manufacturing by establishing the Panchakanya Iron Industries at Kotihawa, Rupandehi. The primary idea behind starting the company in Rupandehi was to tap the opportunities in the unexplored market for iron and steel construction materials in the western part of Nepal. During the 1980s, Panchakanya Group diversified further by setting up a pipe, wire and a steel manufacturing industry in Bhairahawa. The group then planned to build industrial plants in the Kathmandu Valley.<br /> Today, the group has five plants in the Kathmandu Valley for manufacturing RMC (readymix concrete), stainless steel tanks, aggregates and furniture. In 1994, Panchakanya acquired Nepal Bitumen & Barrel Udhyog, a government owned company established in 1984, under the government’s privatisation programme.<br /> In 2002, Panchakanya Steel became the first company to manufacture TMT steel bars in Nepal. Post-2015 earthquake, Panchakanya started a manufacturing plant for structural galvanized-steel and light gauge steel, which is first such plant in Nepal.<br /> With its innovation in the steel industry, the number of industries under the flag of Panchakanya and its history of being a company with strong business repute, the group has today become a highly admired brand among the Nepalis.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/PK3.jpg" style="height:630px; width:800px" /></p> <p style="text-align:justify"><img alt="" src="/userfiles/images/pk4.jpg" style="height:421px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>The group has successfully carried out many construction projects, within and outside the country, in joint ventures with foreign companies, mostly from the People’s Republic of China.</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2000 people</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Steel and iron</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Expansion of its core business and network expansion</li> </ul> </div> <p><img alt="" src="/userfiles/images/PK.jpg" style="height:792px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7692', 'image' => '20180410011928_PK1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '7910', 'article_category_id' => '217', 'title' => 'Prabhu Group', 'sub_title' => '', 'summary' => 'Prabhu’s emergence as a leading business sector has been recent. But its growth has been quite swift. Prabhu Group has a strong presence in the financial sector with a first class commercial bank to its name along with a life and a general insurance company and a money transfer and a payment company.', 'content' => '<p style="text-align:justify">Prabhu’s emergence as a leading business sector has been recent. But its growth has been quite swift. Prabhu Group has a strong presence in <img alt="" src="/userfiles/images/p3%282%29.jpg" style="float:right; height:291px; width:150px" />the financial sector with a first class commercial bank to its name along with a life and a general insurance company and a money transfer and a payment company.<br /> The emergence of the Prabhu brand started after the formation of Prabhu Travels, a travel agency formed in 1990. Devi Prakash Bhattachan, the chairman of the Prabhu Group, is the man behind the group of companies with the brand name Prabhu.<br /> In 2001, the group started Prabhu Finance and Prabhu Investment Company. Prabhu Group rose to prominence after the Prabhu Development Bank (which was upgraded from Prabhu Finance) merged with Kist Bank, Gaurishankar Development Bank and Zenith Finance Ltd to form Prabhu Bank. This was in 2014. So far, eight financial institutions have been merged into Prabhu Bank. <br /> Prabhu Group has since intensified its business expansion. In 2014, Prabhu Technology was established which later became the first company to receive a license from the central bank for mobile payments. In 2015, Prabhu group acquired a 55 percent stake in Muktinath Airlines and transformed it into Prabhu Helicopters. In 2016, Prabhu Group acquired Growmore Merchant Bank and converted it into Prabhu Capital. In late 2017, Prabhu Life Insurance came into existence. The group already has a general insurance company under its wing. <br /> The group has also been undertaking money transfer services through Prabhu Money Transfer since 2002. A Malaysia-based Prabhu Money Transfer was established in 2007 which was acquired by Telenor Group in May 2016. The group also comprises of a US-based financial service providing company, Prabhu Group Inc. which is led by the chairman’s daughter Shikshya Bhattachan.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/p2%282%29.jpg" style="height:1558px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Remittance</li> <li>Banking</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Terrestrial TV businesses</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2500 PEOPLE</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Prabhu Bank posted a net profit of Rs 1.75 billion in the fiscal year 2016-17.</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7691', 'image' => '20180410115818_p1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 5 => array( 'Article' => array( 'id' => '7909', 'article_category_id' => '217', 'title' => 'Saakha Group', 'sub_title' => '', 'summary' => 'In the 1950s, Ram Bhakta Saakha, the father of Ganesh Bhakta Saakha, was a Bhaktapur-based trader who traded in clothing, edible oils, coconuts and thread. After one hundred years in trade and business, Saakha Group can be considered as one of the oldest business houses of Nepal.', 'content' => '<p style="text-align:justify">In the 1950s, Ram Bhakta Saakha, the father of Ganesh Bhakta Saakha, was a Bhaktapur-based trader who traded in clothing, ed<img alt="" src="/userfiles/images/Clipboard06%287%29.jpg" style="float:right; height:401px; width:100px" />ible oils, coconuts and thread. After one hundred years in trade and business, Saakha Group can be considered as one of the oldest business houses of Nepal. To build on the company’s traditional business activities, Ram Bhakta Saakha sent his son to Mumbai (then known as Bombay) to study business. Upon his return from Mumbai, Ganesh Saakha started importing adhesive glues for industrial use in Nepal and further imported dyes and chemicals. At times, Ganesh Saakha also imported shoes, cloths and umbrellas from China but with the increase in demand for industrial intermediary goods, he decided to establish Nepal Polycal Industries. The establishment of the industry in 2035 BS in Hattisar marked the beginning of Saakhas as a business house in Nepal.<br /> In the 1980s, Saakha Group entered into garment production but the business declined in the mid-2000s and the group had to withdraw from it. In 1983, the group established Nepal Paints Pvt. Ltd. in technical collaboration with a Korean franchise. Later, their Saakha Metal Industries started the production of non-ferrous metal sheets and circles (copper, brass, and aluminium sheets) which are primarily used in the production of utensils. In 1995, Saakha Steel Industries was founded which produced ToR-steel using a Luxemburg-based franchise. 15 years later, the company upgraded its plant to produce TMT bars. Today, it is one of the leading Nepali steel manufacturers. Ganesh Bhakta Saakha believes that his life as an industrialist actually started from 2041 BS onwards after his venture into large scale industries such as Nepal Paint Industries, Saakha Metal Industries and Unisa Polychem Industries.<br /> In 2001, the group bought a 33 percent stake in Chemidrug Industries which is one of the oldest Nepali pharmaceuticals established in the 1970s. Saakha Group is also engaged in the import of automobiles, dyes and chemicals, solar products and prefab houses. Real estate, finance and education are other areas of business where Saakha Group has investments.</p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>4-star hotel</li> <li>Insurance company</li> </ul> </div> <p><img alt="" src="/userfiles/images/Clipboard07%284%29.jpg" style="height:504px; width:800px" /></p> <p><img alt="" src="/userfiles/images/Clipboard08%286%29.jpg" style="height:856px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7690', 'image' => '20180410114454_Clipboard09.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 6 => array( 'Article' => array( 'id' => '7908', 'article_category_id' => '217', 'title' => 'Sanima Group', 'sub_title' => '', 'summary' => 'Sanima Group comprises companies which are operational in Nepal and other countries of the world. These companies are run by prominent non-resident Nepalis (NRNs) residing in different parts of the globe. Arun Kumar Ojha, Tek Raj Niraula and Jiba Lamichhane are the key NRNs who are heading different companies under the umbrella of Sanima Group.', 'content' => '<p style="text-align:justify">Sanima Group comprises companies which are<img alt="" src="/userfiles/images/sann.jpg" style="float:right; height:159px; width:450px" /> operational in Nepal and other countries of the world. These companies are run by prominent non-resident Nepalis (NRNs) residing in different parts of the globe. Arun Kumar Ojha, Tek Raj Niraula and Jiba Lamichhane are the key NRNs who are heading different companies under the umbrella of Sanima Group. The group has major investment in hydropower and banking sector while its portfolio also expands to the insurance, health and media and communication sectors. The seeds of Sanima Group of Companies were sowed in the former Soviet Russia when Ojha, Niroula and Lamichhane joined hands to start a business. The three men had gone to Russia in the 1980s to pursue their higher studies. They were also engaged in business activities apart from studies. Arun Ojha and Tek Raj Niraula used to run an electrical business in Moscow while Lamichhane who migrated to Russia in 1986 worked as a dealer for Sony, LG and Samsung brands in Russia during his initial days as a businessman. The trio combined their businesses and academic expertise and turned into millionaires with business setups in foreign land.</p> <p style="text-align:justify"> In 1999, they founded the Sanima Hydropower Limited in Nepal, the first company of the Sanima Group, that constructed the 2.6 MW Sunkoshi Small Hydropower Project. Their investment efforts were complimented by Belarus-Russian entrepreneurs including Dr Upendra Mahato, Khem Lamichhane, Binaya Kumar Shrestha, Dr Niraj Govind Shrestha, Olga Ojha, Ram Krishna Shah and Ghanashyam Thapa. Afterwards, the group formed Sanima Hydro, a group of private and public companies with investments from NRNs. After the successful implementation of the Sunkoshi Small Hydropower Project, the group established multiple special purpose vehicles and invested in multiple hydropower projects with a total generation capacity of over 100 MW. The companies under Sanima Hydro include, Sanima Hydropower Limited, Sanima Middle Tamor Hydropower Ltd, Sanima Hydro and Engineering Pvt Ltd, Tamor Sanima Energy Pvt Ltd, Swet Ganga Hydropower and Construction Ltd and Sanima Hydro and Engineering Pvt Ltd (SHEPL).</p> <p style="text-align:justify">In 2004, the group forayed into financial services with the establishment of Sanima Bank which started as a national level development bank. A decade later, the development bank was upgraded to a commercial bank which has been a key milestone for the group. Sanima Group of Companies now comprises a life insurance company, Sanima Life Insurance, while a general insurance company is all set to begin operation in April.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/sann3.jpg" style="height:1579px; width:800px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>SHEPL is a joint venture between Sanima Hydro and Hydroplan, a UK-based hydropower consulting company</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>28 MW Lower Likhu Hydropower Project (Power Purchase Agreement with the government executed)</li> <li>Middle Tamor Hydropower Project (54 MW)</li> <li>Mailung hydropower under study.</li> <li>Sanima General Insuranc</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7689', 'image' => '20180410113131_sann2.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 7 => array( 'Article' => array( 'id' => '7905', 'article_category_id' => '217', 'title' => 'Shanker Group', 'sub_title' => '', 'summary' => 'After testing his efforts in trading, Rawat Mal Golyan established a button factory called the Sau Udyog in Nepal in 1960. Although it didn’t prove successful, it was a first step towards the making of a business group that would own multiple industries later.', 'content' => '<p style="text-align:justify">After testing his efforts in trading, Rawat Mal Golyan established a button factory called the Sau Udyog in Nepal in 1960. Although it didn’t<img alt="" src="/userfiles/images/sg3.jpg" style="float:right; height:443px; width:90px" /> prove successful, it was a first step towards the making of a business group that would own multiple industries later. Golyan was originally from Myanmar and arrived in Nepal exploring business opportunities. After the failure of the button factory, Golyan returned to trading.<br /> Shanker Lal Agrawal, the youngest son of Rawat, whose initial exposure was in the fabric business continued his father’s business and established Shanker Group in 1979. During the mid 1980s, Agrawal started trading in ball bearings representing various international brands. The group has now over 30 companies under its umbrella spanning a range of sectors including mining, cement, steel, synthetics, textiles, FMCG, trading and, insurance, capital market, real estate and hospitality. The group’s momentum in manufacturing gained speed after establishing Jagdamba Steels in 1994 and Jagdamba Cement in 2001. It was followed by a plastic yarn manufacturing company Jagdamba Synthetics and pipes, tubes and TMT bars manufacturer Jagdamba Enterprises in 2001. Jagdamba Entreprises has been the authorised distributor of Tata Steelium for Nepal since 2006.<br /> In 2014, Shanker Group partnered with Ambe Group and initiated a USD 60 million cement project, Riddhi Siddhi Cement. Likewise, the group has recently marked its entry into the hospitality sector with a luxury hotel, DoubleTree by Hilton which is currently under construction at Naxal, Kathmandu. DoubleTree by Hilton is a chain of Hilton Hotels and Resorts which is among the largest hotel chains in the world.</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>The cement, plastic and textile units of Shanker Group are JVs with Saurabh Group</li> <li>Riddhi Siddhi Cement is a JV with Ambe Group</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Estimated annual turnover is NRs 70 billion that the group plans to grow to Rs 100 billion.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Manufacturing units - steel, cement, plastics, textiles and FMCG industries</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Double Tree by Hilton Hotel at Naxal</li> <li>Riddhi Siddhi Cement at Hetauda</li> <li>A large scale cement plant in eastern part of Nepal and a Jagdamba Cement plant at Bhairahawa</li> <li>Hydropower projects such as Madi and Balefi hydropower projects</li> <li>TVS assembly plant in Birgunj</li> <li>Expansion of steel plant</li> <li>Alcohol beverage plant installation is ongoing</li> <li>Real estate investments including business complexes</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,200 people</li> </ul> </div> <p><img alt="" src="/userfiles/images/sg2.jpg" style="height:1973px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7686', 'image' => '20180409043739_sg1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 8 => array( 'Article' => array( 'id' => '7904', 'article_category_id' => '217', 'title' => 'Sharda Group', 'sub_title' => '', 'summary' => 'More than six decades ago, Duli Chandra Sharda set up a rice mill in Lahan namely Pashupati Rice Mill. It was this rice mill that built a base for the establishment of Sharda Group. Prior to that, Duli Chandra Sharda and his father were Lahan-based small traders who traded in rice, jute, mustard seeds etc. ', 'content' => '<p>More than six decades ago, Duli Chandra Sharda set up a rice mill in Lahan namely Pashupati Rice Mill. It was this rice mill that built a base<img alt="" src="/userfiles/images/ss3%283%29.jpg" style="float:right; height:576px; width:90px" /> for the establishment of Sharda Group. Prior to that, Duli Chandra Sharda and his father were Lahan-based small traders who traded in rice, jute, mustard seeds etc. Back then, farmers and traders travelled to India with their paddy. Lack of a rice mill in the Terai region encouraged Duli Chandra to set up a rice mill in Lahan. There was no looking back after that. In the subsequent years, he added three more rice mills in Lahan, three more in other parts of Siraha district and one in Janakpur. They also opened a sugar mill which unfortunately failed but their oil mill business succeeded.<br /> Later, the sons of Duli Chandra, established two rolling mills in Nepal, Everest Iron and Steel Industry in Biratnagar and Hetauda Iron Industries in Hetauda. Following the establishment of the rice mill and iron and steel industry, the family went into more industries such as solvent extraction, oxygen plant and ghee manufacturing and plants. The group manufactured wire and cables, flour, lentil, and noodle and shoe, carpet and grain spirit.<br /> In 2000, Sharda Group, in a joint venture with Jaju Group, established Asian Thai Food which is the producer of noodle brands such as Rumpum, Preeti and 2PM. Twelve years later, the two groups started another joint venture as Asian Biscuit and Confectionary. The confectionary group started producing Goodlife brand of biscuits in 2014.<br /> In 2006, the group entered the cement industry establishing Shivam Cement. In 2017, the group signed a joint venture with China’s Hongshi Group and established Hongshi-Shivam Cement. The joint venture project is valued at USD 359 million and is expected to be operational by 2018. The group has also entered the hydropower sector with Ridi Hydropower while there are other hydropower projects in the pipeline too. The group is a leading promoter at Kumari Bank and is present in NMB Bank and Sunrise Bank too. Pioneer Motocorp, a subsidiary of the group, represents Datsun in Nepal.</p> <p><img alt="" src="/userfiles/images/ss2%285%29.jpg" style="height:722px; width:800px" /></p> <p> </p> <p> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Pashupati Rice and Oil Mills Pvt. Ltd. (Four decades in operation)</li> <li>Atlas Pet Plastic Industries</li> <li>Premier Polymers</li> <li>PashupatiSynpack Industries</li> <li>Nutri-foods</li> <li>Shivam Cement</li> <li>Cosmic Homecare</li> <li>Asian Thai Foods</li> <li>Asian Biscuit and Confectionery</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Shivam Cement is a joint venture company with a Chinese company (Hongshi Group) as a joint venture partner.</li> <li>Asian Thai Foods and Snacks and Asian Biscuit and Confectionary are two different JVs, both between the Sharda Group and Jaju Group.</li> </ul> <p> </p> </div> <p><img alt="" src="/userfiles/images/ss5.jpg" style="height:1324px; width:804px" /></p> <p><img alt="" src="/userfiles/images/ss4%282%29.jpg" style="height:782px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7685', 'image' => '20180409040835_ss1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 9 => array( 'Article' => array( 'id' => '7901', 'article_category_id' => '217', 'title' => 'Siddhartha Rana Group', 'sub_title' => '', 'summary' => 'Prabhakar SJB Rana, the Chairman Emeritus of Soaltee Crowne Plaza, has been engaged in a number of sectors particularly hospitality, trade, automobiles and hydropower. ', 'content' => '<p style="text-align:justify">Prabhakar SJB Rana, the Chairman Emeritus of Soaltee Crowne Plaza, has been engaged in a number of sectors particularly hospitality, trade, automobiles and hydropower. Soaltee Hotel, founded in 1967 and later managed by Oberoi Hotel group in 1969, turned into a public limited company in 1975 after Soaltee Enterprises, Nepal Industrial Development Corporation, International Finance Corporation, Oberoi Hotels, Nepal Airlines Corporation and the public bought its stakes. The public limited company now owns the Soaltee Crowne Plaza. Only a few months ago, the Soaltee Hotel Limited expanded its portfolio with a four-star hotel namely Soaltee Westend Premier Hotel in Nepalgunj.<br /> In 1982, Prabhakar Rana established Sipradi Trading Pvt. Ltd. which became the exclusive distributor of Tata Motors Ltd. for Nepal in the same year. Meanwhile, Sipradi Energy, a company under Sipradi group of companies, represents Exide batteries and Luminous inverters. Apart from Sipradi, the Rana group has significant investments in manufacturing and hydropower. In 1986, Surya Nepal Pvt. Ltd., an Indo-Nepal-UK joint venture was established which manufactures the Surya brand of cigarettes, a best-selling cigarette brand in Nepal. Apart from the tobacco business, the company is engaged in the business of safety matches, incense and readymade garments.<br /> In 1996, Bhote Koshi Power Company was added to the Rana’s group of businesses. The power company owns the 45 MW Upper Bhote Koshi hydro power project which is the first privately funded run of the river hydropower project in Nepal. Together with Soaltee Enterprises and Surya Enterprises, the investment companies through which the Rana family has made investments, the Rana group also has engagements in other businesses such as travel, transport and shipping, tea processing and private equity management.<br /> With the growing and ever expanding business, Siddhartha SJB Rana (son of Prabhakar SJB Rana) who currently looks after the entire business operations has been often named as the top individual income taxpayer in Nepal, while Surya Nepal has often made it to the list of the top 10 tax paying enterprises. In addition, Sipradi Trading is amongst the highest tax-paying trading enterprises in Nepal bagging the award in 2014, 2015 and 2016. Although the group of businesses doesn’t have an official group name, it is believed that they prefer the name Siddhartha Rana Group. </p> <p style="text-align:justify"><img alt="" src="/userfiles/images/s2%288%29.jpg" style="float:right; height:1466px; width:800px" /><img alt="" src="/userfiles/images/s3%287%29.jpg" style="float:right; height:333px; width:90px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Surya Nepal Pvt. Ltd. is an Indo-Nepal-UK joint venture. It is a subsidiary of ITC Limited, India. The balance shares are held by Nepali individuals and corporate shareholders and British American Tobacco (Investment) Limited, UK.</li> <li>Soaltee Crowne Plaza is a joint venture between Soaltee Enterprises and Sibkrim Land and Industrial Company, a subsidiary company of the NE Group.</li> <li>Bhotekoshi Power Company is a Nepal-US joint venture with Himal International Energy Pvt. Ltd. (HIEPL), Himal International Power Corp Pvt. Ltd. (HIPC), Tara Fund Pvt. Ltd. (TFPL) and RDC of Nepal (RDC/N) as its shareholders. While HIEPL, HIPC and TFPL are Nepali companies, RDC/N is a company jointly owned by two US companies: MWH International, Inc. (MWH) and Harza International Development Company, LLC (Harza)</li> <li>Gorkha Lawrie is a joint venture with British company Lawrie Group PLC.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Sipradi Trading</li> <li>Surya Nepal</li> <li>Bhote Koshi Hydropower Project</li> <li>Soaltee Hotel</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Luxury resort in Pokhara under the brand name of Soaltee Hotel.</li> <li>Five-star hotel in 45 ropanis of land at Rabibhawan under Surya Enterprises</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,400 people (Sipradi has 750 employees + 650 support staff)</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Annual Revenue: Sipradi Group of companies is estimated to have revenue over USD 350 million.</li> </ul> </div> <p><img alt="" src="/userfiles/images/s4%289%29.jpg" style="height:996px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7682', 'image' => '20180409034007_s1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 10 => array( 'Article' => array( 'id' => '7898', 'article_category_id' => '217', 'title' => 'Triveni Group', 'sub_title' => '', 'summary' => 'Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. ', 'content' => '<p>Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. The trading wing has 11 branches across Nepal.</p> <p>The group’s emergence occurred post 1990 after it extended its manufacturing arm to different areas. Triveni Synthetic Yarn Industries was established in 1990 followed by Triveni Spinning Mills in 1992. The group then extended its manufacturing arm with a textile plant in 1996, two packaging plants in 1997 and a plasto polymer plant in 1998. In 2000, Triveni Group took over the state-owned Nepal Tea Development Corporation (NTDC) on a lease agreement for 50 years. Tokla is one of the popular tea brands in Nepal that is produced by the NTDC.</p> <p>The group entered cement production with Shree Pashupati Cement in 2002. The next year, it added another cement plant, Vishwakarma Cement Pvt Ltd. In 2009, Triveni Group established Ghorahi Cement Industry Pvt Ltd in partnership with Vishal Group. The group also runs Kapilvastu Cement. In addition, the group is engaged in coal and limestone extraction in different mines in western region of Nepal. In 2010, the group started Triveni Feed Industries.<br /> The same year, the group ventured into the retail sector with a retail chain named Big Mart. The group also runs NLIC City Centre, a shopping mall in Kathmandu with a multiplex named Big Movies.</p> <p>As with most of the business houses,<br /> Triveni Group has a considerable presence in the financial sector. The group is the promoter of banks such as NIC Asia and NMB Bank and insurance companies, Nepal Life Insurance Company (NLIC) and Prudential Life Insurance.</p> <p>Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. The trading wing has 11 branches across Nepal.</p> <p>The group’s emergence occurred post 1990 after it extended its manufacturing arm to different areas. Triveni Synthetic Yarn Industries was established in 1990 followed by Triveni Spinning Mills in 1992. The group then extended its manufacturing arm with a textile plant in 1996, two packaging plants in 1997 and a plasto polymer plant in 1998. In 2000, Triveni Group took over the state-owned Nepal Tea Development Corporation (NTDC) on a lease agreement for 50 years. Tokla is one of the popular tea brands in Nepal that is produced by the NTDC.</p> <p>The group entered cement production with Shree Pashupati Cement in 2002. The next year, it added another cement plant, Vishwakarma Cement Pvt Ltd. In 2009, Triveni Group established Ghorahi Cement Industry Pvt Ltd in partnership with Vishal Group. The group also runs Kapilvastu Cement. In addition, the group is engaged in coal and limestone extraction in different mines in western region of Nepal. In 2010, the group started Triveni Feed Industries.<br /> The same year, the group ventured into the retail sector with a retail chain named Big Mart. The group also runs NLIC City Centre, a shopping mall in Kathmandu with a multiplex named Big Movies.</p> <p>As with most of the business houses,<br /> Triveni Group has a considerable presence in the financial sector. The group is the promoter of banks such as NIC Asia and NMB Bank and insurance companies, Nepal Life Insurance Company (NLIC) and Prudential Life Insurance.</p> <p><img alt="" src="/userfiles/images/1%2818%29.jpg" style="float:left; height:1795px; width:800px" /></p> <p> </p> <p><img alt="" src="/userfiles/images/2%2812%29.jpg" style="float:right; height:993px; width:125px" /></p> <p> </p> <p> </p> <p> </p> <p><img alt="" src="/userfiles/images/3%2814%29.jpg" style="height:488px; width:800px" /></p> <p> </p> <p> </p> <p> </p> <p> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Trading</li> <li>Manufacturing industries such as cement, yarn, tea and textiles, feed etc.</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>52 MW Likhu-4 Hydropower Project</li> <li>Expansion of retail chain Big Mart across Nepa</li> <li>25 MW Balefi Hydropower Project</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Green Ventures Pvt Ltd is a JV between Bhilwara Energy Ltd, India and Triveni Group, Nepal</li> </ul> <p><img alt="" src="/userfiles/images/Clipboard14%2810%29.jpg" style="float:left; height:140px; width:910px" /></p> <p> </p> <p> </p> </div> <p> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7679', 'image' => '20180409023804_111.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '7894', 'article_category_id' => '217', 'title' => 'Universal Group', 'sub_title' => '', 'summary' => 'Late Noor Pratap Rana, the founder of Universal Group, is considered a pioneer in the Nepali footwear industry. Noor stepped into the footwear industry in the 1970s. In the early 80s, the group established a factory in Hetauda and started producing ‘Hathi’ brand slippers.', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard04%284%29.jpg" style="float:right; height:293px; margin:5px; width:90px" />Late Noor Pratap Rana, the founder of Universal Group, is considered a pioneer in the Nepali footwear industry. Noor stepped into the footwear industry in the 1970s. In the early 80s, the group established a factory in Hetauda and started producing ‘Hathi’ brand slippers. A catchphrase used to promote the brand “Hathi Baliyo ki Hathi Chap Chappal” became famous in the decades to come. </p> <p style="text-align:justify">Rana is believed to have introduced the first pair of slippers manufactured in Nepal. Later, Noor founded the brand Goldstar in the nineties. Today, it has become Nepal’s premium footwear brand known for its quality, durability and design and is produced in two factories in Kathmandu, Shankha Park and Balaju, and majorly exported to India. Today, the group produces Goldstar brand shoes under Kiran Shoes Manufacturer and Hathichhap brand sandals under Modern Slipper Industry. Both brands are exported to South Asian markets. In the year 2013, the government felicitated Kiran Shoes as the highest taxpayer in the export category.</p> <p style="text-align:justify">Earlier, Noor started his business career trying his hands in the transport business in Bhairahawa. His breakthrough came when he started producing metal strings by importing Mica but it was his journey into the footwear industry that got him his major success. Afterwards, the group stepped into the dairy industry by establishing Integrated Dairy and Agro Products Pvt Ltd in 2004. The company is the producer of milk brand ‘Anmol’. The group is one of the major promoters of Kumari Bank, NMB Bank and Shikhar Insurance Co.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard03%289%29.jpg" style="height:1502px; 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>Estimated annual turnover of Rs 15 billion</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2,850 people</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Universal Elder Pharmaceutical Pvt Ltd is a JV with Elder Pharmaceuticals Ltd India</li> </ul> <p><span style="font-size:16px"><strong>Planned Investment</strong></span></p> <ul> <li>Expand the verticals of footwear industry and go extensively on different variants with new designs. Planning to introduce new variants such as safety boots, utility, lifestyle and school shoes and shoes used by security forces. </li> <li>Opening a shoe factory in Bhairahawa</li> </ul> <p><span style="font-size:16px"><strong>Key Revenue Generator</strong></span><br /> Footwear companies especially Kiran Shoes Manufacturer</p> </div> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7675', 'image' => '20180409104456_Clipboard01.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '7893', 'article_category_id' => '217', 'title' => 'Vishal Group', 'sub_title' => '', 'summary' => 'It was during the 1940s that the seeds of Vishal Group, a business group owned by an Agrawal family, were sown with the establishment of a fabric shop in Dharan. The Agrawal family was led by Gordhandas Agrawal who traded cloths in Dharan, after having moved from Ilam. ', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard80.jpg" style="float:right; height:494px; margin:5px; width:100px" />It was during the 1940s that the seeds of Vishal Group, a business group owned by an Agrawal family, were sown with the establishment of a fabric shop in Dharan. The Agrawal family was led by Gordhandas Agrawal who traded cloths in Dharan, after having moved from Ilam. The family continued its sole focus on trading for the next few decades, and primarily on textile imports from India. Later, they started importing textiles from China as well. </p> <p style="text-align:justify">Their progression into international trade, apart from India and China, started gradually as a trader of a range of industrial inputs and international FMCG brands for Nepal. Today, the group imports industrial inputs such as raw materials, semi finished goods and machineries and FMCG products from companies such as Procter and Gamble (P&G), DIAGEO, United Biscuits, Tabasco, Moet & Hennessy, Mentholatum and Orion, which in total accounts to international companies spread across 40 countries and leveraging its wide distribution network for their distribution throughout the country. For this reason, the group considers their engagement in trading and brand representation as one of its key strengths. </p> <p style="text-align:justify">As the trading business thrived, Vishal Group started diversifying into multiple sectors during the 1980s. In 1987, they established Kamala Iron Industry which was later converted into Kamala Rolling Pvt Ltd. At the same time, the group was also engaged in manufacturing batteries. In the 1990s, they established a toothpaste manufacturing factory. The group also has a steel factory under its wing namely Mainawati Steel. </p> <p style="text-align:justify">The group took another step towards further diversification, entering the financial sector in the mid 1990s to consolidate its position as a leading business house of Nepal. Today, Vishal Group is a prominent name in the financial sector, with a strong presence in the banking and insurance sector. The group joined a pool of investors and established NIC Bank in 1997 as a lead promoter which later merged with Bank of Asia to become the current NIC Asia Bank. Post merger, NIC Asia became one of the largest banks of Nepal. The group is also a leading promoter of NMB Bank. It stepped into the insurance sector in the year 2000 promoting Life Insurance Corporation (LIC) Nepal Ltd and Prudential General Insurance Company. The group has also forayed into the education sector by promoting Delhi Public School based in Biratnagar and Kathmandu and as a partner at Ace Institute of Management. It also has its presence in the automobile industry representing Volkswagen (Germany), Suzuki Motorcycle India Pvt Ltd and Kobelco Construction Machinery.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard78.jpg" style="height:376px; width:800px" /></p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard72%282%29.jpg" style="height:1103px; width:800px" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>10,000 people</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Education sector in the area of management, medical and training institutes </li> <li>Hydropower projects</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Trading and brand representation</li> <li>Banking and insurance sector</li> <li>Iron and steel industry</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>LIC (Nepal) Ltd is a JV between Life Insurance Corp of India and Vishal Group</li> <li>Care Rating Nepal is a JV between CARE Ratings Limited (India), an international credit rating institution, Vishal Group, Emerging Nepal Ltd, Nepal Reinsurance Company Limited, Global IME Bank Limited, Prudential Insurance Company Ltd and Life Insurance Corporation Nepal Ltd</li> <li>NMB Bank is a JV with FMO, a Netherlands-based development bank</li> <li>Kathmandu and Biratnagar based Delhi Public School are franchises of Delhi Public School Society of India</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7674', 'image' => '20180409102851_Clipboard77.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 13 => array( 'Article' => array( 'id' => '7892', 'article_category_id' => '217', 'title' => 'Vaidya Organization of Industries and Trading Houses (VOITH)', 'sub_title' => '', 'summary' => 'After completing his master’s degree in economics from Calcutta University in India, Vijaya Gajananda Vaidya returned to Nepal where he worked as a gazetted officer for the then Ministry of Foreign Affairs for two years and then switched to United States Agency for International Development (USAID) ', 'content' => '<div class="content-wrapper" style="box-sizing: border-box; padding-left: 10px;"> <div class="highlight-column" style="box-sizing: border-box; width: 200px; padding: 5px; float: right; clear: left; margin-left: 5px; margin-top: 5px; margin-bottom: 5px; text-align: center; background: rgb(230, 230, 250);"> <p><span style="font-family:helvetica neue,helvetica,arial,sans-serif; font-size:14.84px"><img alt="Suraj Vaidya, Chairman, Vaidya Organization of Industries and Trading Houses (VOITH)" src="/userfiles/images/Clipboard67%284%29.jpg" style="height:254px; width:190px" /></span><strong>Suraj Vaidya</strong><br /> Chairman <br /> Vaidya Organization of Industries and Trading Houses (VOITH)</p> </div> </div> <p>After completing his master’s degree in economics from Calcutta University in India, Vijaya Gajananda Vaidya returned to Nepal where he worked as a gazetted officer for the then Ministry of Foreign Affairs for two years and then switched to United States Agency for International Development (USAID) where he worked for around five years. He worked another year for a Washington-based research institute and that was the end of his career as an employee. </p> <p>At the age of 29 with USD 700 in his pocket, Vaidya invested the amount in establishing United Traders Syndicate (UTS) that became the sole distributor of Toyota Motors in Nepal. Back then, UTS introduced the Toyota Corona Saloon in 1969 and Corolla in 1973. In the early 2000s, UTS introduced the Hiace brand of passenger vehicles in Nepal. With five decades in Nepal, the Toyota brand has won the hearts of Nepalis for its quality and durability and has solidified VOITH’s reputation in the automobile industry. On the other hand, Agni Incorporated, another subsidiary company of VOITH, is the authorised distributor of Mahindra & Mahindra vehicles in Nepal. The Indian automobile is gradually becoming a favourite four-wheeler brand in Nepal. </p> <p>Apart from automobiles, VOITH has diversified into agro processing, tea, construction, feed production, insurance, animal husbandry and technical education. VOITH has had a robust presence in the tea industry since 1999 with subsidiary companies such as Guranse Tea Estate, Mai-Ilam Guranse Tea Industries and Nirvana Tea Processing and Packaging producing, storing, processing and exporting high quality Nepali orthodox tea. VOITH’s portfolio also includes the insurance sector with Suraj Vaidya as one of the promoters of Lumbini General Insurance Company.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard71%283%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>Nepal Wellhope Agri-Tech Private Limited is a JV between VOITH and China’s Liaoning Wellhope Agritech Company</li> <li>Serving Minds Private Limited is a joint venture between VOITH and the Mercantile Group </li> </ul> <p><span style="font-size:16px"><strong>Financials </strong></span></p> <ul> <li>VOITH’s estimated annual turnover is approximately Rs 20 billion.</li> </ul> <p><span style="font-size:16px"><strong>Key Business </strong></span></p> <ul> <li>Agri based businesses such as tea</li> <li>Trading of four-wheelers</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Tourism (Resort)</li> <li>IT</li> <li>Alternative Energy</li> <li>Automobile parts</li> <li>Education</li> <li>Electric Bicycle Assembly Plant</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7673', 'image' => '20180409102505_Clipboard70.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => true, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '7915', 'article_category_id' => '217', 'title' => 'MS Group', 'sub_title' => '', 'summary' => 'When MaligramAgarwal started his business, his objective was to establish an international standard trading house. Thus, MS Group came into existence in 1970 and Maliram was its pioneer.', 'content' => '<p style="text-align:justify">When MaligramAgarwal started his business, his objective was to establish an international standard trading house. Thus, MS Group came into existence in 1970 and Maliram was its pioneer. The group established a textile mill in 1981 and an acrylic spinning mill in 1987. But it was in the <img alt="" src="/userfiles/images/ms3.jpg" style="float:right; height:328px; width:100px" />post 90s diversification when the group charted new heights.<br /> In the mid 90s, MS Group established Reliance Spinning Mill together with Golyan Group. Both the group’s investment in the spinning mill had surpassed Rs one billion by the end of the nineties. The mill turned into a cash spinning enterprise for both groups. Its output is exported to India, Bangladesh and Turkey and has an estimated annual turnover of NRs five billion. The group has also forged other joint ventures with Golyan group in the area of synthetic industry and hydropower projects. Bhagwati Rolling Mill, a steel manufacturing company, was established in 1995.<br /> The group established Bhagwati Steel Industries Pvt Ltd in 1991, Everest Sugar and Chemical Industries Pvt Ltd in 1994 and Bhagwati Carbide Industries, a battery industry in 1995. In the early 2000s, the group added a soap plant and a confectionary factory. MS Group’s venture into the spinning mill and steel and sugar industries post 1990 made the group a leading business house in Nepal today.<br /> In 2017, the MS Group introduced Fairfield by Marriot in Nepal thus entering the hospitality sector. Fairfield Marriot is a four-star American chain hotel. The group has also started construction work on a five-star deluxe hotel project in Nagpokhari, undertaken by The Everest Hospitality Group, a subsidiary of the MS Group. The project is under the flagship of Marriott International, a leading US-based hotel chain.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/ms2.jpg" style="height:1554px; width:800px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Estimated annual turnover of the MS Group is around Rs three billion from the steel industry, Rs three billion from the sugar industry and Rs five billion from spinning mills</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Spinning Mill</li> <li>Sugar Industry</li> <li>Steel industry</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>A new trading company</li> <li>Agency business</li> <li>Paint manufacturing industry and carpet industry</li> <li>Shoe industry</li> <li>Hotel projects in Kathmandu and Butwal</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>6000 people</li> </ul> </div> <p><img alt="" src="/userfiles/images/ms4.jpg" style="height:478px; width:800px" /> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7696', 'image' => '20180410035142_ms1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '7913', 'article_category_id' => '217', 'title' => 'NE Group', 'sub_title' => '', 'summary' => 'In 1972, Indra Bhakta Shrestha started importing fabrics and other consumer products from Japan and Korea. In the same year, he started Nepal Enterprises (NE) with the help of his son Ravi Bhakta Shrestha to give momentum to his trading activities. ', 'content' => '<p style="text-align:justify">In 1972, Indra Bhakta Shrestha started importing fabrics and other consumer products from Japan and Korea. In the same year, he started Nepal Enterprises (NE) with the help of his son Ravi Bhakta Shrestha to give momentum to his trading activities. Gradually, he expanded his b<img alt="" src="/userfiles/images/nn3.jpg" style="float:right; height:353px; width:100px" />usiness into the manufacturing sector. In 2039 BS, the group established a garment factory, Nepal Synthetic Industry, at Hetauda with an investment of Rs 30 million. Likewise, Everest Iron and Steel Industry was established in Biratnagar which closed down later.<br /> Today, NE Group is a prominent business house in Nepal. Unilever Nepal Limited(UNL), the largest FMCG manufacturer in Nepal, established in 1993 as the subsidiary of Hindustan Unilever Limited is one of NE’s key portfolios. The investment in Unilever Nepal was made through an investment company, Sibkrim Land and Industrial Company which was established in 1991. The entity was formed with a view to invest in real estate and various industries. It also has invested in the Soaltee Hotel Limited as well. In 1996, the group established the National Soap Industries, and the National Herbal and Pharmaceutical Industries in 2006. National Soap has also been working as an ancillary industry of UNL. The group further expanded its manufacturing arm by establishing National Ice Cream Industries in 2009.<br /> In 2008, the group entered into the health sector withLife Care Services followed by Super Religare Reference Labs in 2010. The group has a strong shareholding in Himalayan Bank and is also a promoter of United Insurance. NE Group partnered with CG Group to buy a 60 percent stake in Summit Hotel through an investment vehicle registered as R&R Heritage. It has another investment vehicle named R&R Hotels and Resorts which plans to operate a four-star hotel in Kathmandu by 2018.<br /> NE Group is still engaged in trading through a number of firms that were established over the decades. For instance, Agricon Trade Concern which was established in 1990 is active in general trading and the fertiliser business while Nepal Kirana Center is a distribution firm dealing with consumer products such as Nestle.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/nn2.jpg" style="height:539px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>In FY 2016/17, Unilever Nepal reported a turnover of Rs 4.4 billion with a net profit of Rs 965 million.In FY 2016/17, Unilever Nepal distributed Rs 1,270 dividend per share.</li> <li>In FY 2016/17, Unilever Nepal distributed Rs 1,270 dividend per share.</li> <li>Sibkrim Land and Industrial Pvt Ltd holds five percent stake in Unilever Nepal which has a paid-up capital of Rs 92,070,000.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Unilever Nepal is one of its key revenue generators</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Hotel chains of Soaltee in Pokhara and Chitwan.</li> <li>A four-star hotel in Kathmandu in a JV with CG</li> <li>Hydropower</li> <li>Medical laboratories</li> </ul> </div> <p><img alt="" src="/userfiles/images/nn4.jpg" style="height:520px; width:800px" /> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7694', 'image' => '20180410030125_nn1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 2 => array( 'Article' => array( 'id' => '7912', 'article_category_id' => '217', 'title' => 'Nimbus Holdings', 'sub_title' => '', 'summary' => 'The father-son duo of Jagadish Prasad Agrawal and Ananda Bagaria started their business journey with Global Writing, a manufacturing company that produced ball-pens in the late nineties.', 'content' => '<p style="text-align:justify">The father-son duo of Jagadish Prasad Agrawal and Ananda Bagaria started their business journey with Global Writing, a manufacturing company that produced ball-pens in the late nineties. But the company failed and the father-son duo had to think of something else. Eventually,<img alt="" src="/userfiles/images/n3%286%29.jpg" style="float:right; height:343px; width:100px" /> they moved into livestock feed supplements that brought them tremendous success in a short span.<br /> In 1998, they founded Nimbus Holdings which initially focused on the import and distribution of consumer goods such as confectionary items and later moved into the import and distribution of soya cakes and maize. This shift towards the agribusiness sector led to the formation of Nimbus International in 2000. In its initial days, the company imported animal vitamins, vaccines and medicines from US and France-based MNCs. As experience about animal health and nutrition broadened, Nimbus International started a plant producing feed supplements. In 2004, the group established Probiotech Industries, the first pellet feed manufacturing unit in Nepal. The move was a turning point for the business group whose animal feed brand ‘Shakti’ started a gradual takeover of the market and today enjoys tremendous market share in Nepal. Probiotech is also the producer of Byanjan and Sunaulo Kiran edible oil brands which are gradually building their position in the market.<br /> Following the success with animal feed, it was time for the group to expand their footprint into other business activities. National Polyplast, a company that manufactures poly woven fabrics was established in 2000 and was later renamed as Progeochem Industries. The group further expanded into the LPG business by acquiring Samriddhi Gas Udhyog and Nepal Gas.<br /> Today, Nimbus is a leading agri-business company of Nepal that has strongly leveraged its distribution network in expanding the outreach of its products. Nimbus also aims to expand its Nimbus Krishi Sewa, a one-stop agri-centre, throughout the country that already has a presence in Kathmandu, Narayanghat and Birgunj.<br /> Ananda Bagaria is probably the only business person among the leading business houses of Nepal who does not see a problem in turning his company public which he plans to do in the immediate future. Bagaria believes that businesses aspiring to grow should deal with their fears over public shareholding and open up to the public.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/n2%287%29.jpg" style="height:1220px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>IFC and Global Agriculture and Food Security Program (GAFSP) invested USD 3.8 million in equity financing in Probiotech Industries in 2014.</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Holds around 25 percent of the market share in the feeds industry</li> <li>Annual Turnover: Rs 7 billion</li> <li>Net Worth: Rs 6 billion</li> </ul> <p><span style="font-size:16px"><strong>Key Revenue Generator </strong></span></p> <ul> <li>• Animal feeds and agri-processing industries</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Chemical industries - To go into production of water based paint raw material.</li> <li>Agro-processing:Grain Warehousing,Grain Resheet financing and Grain Banking</li> <li>Plastic Packaging: Planning to bring state-of-the-art technology for cement, grain and bags for end user customers.</li> <li>Processing: Pulse Mills and other ready to eat healthy snacks.</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>800 people</li> </ul> </div> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7693', 'image' => '20180410024333_n1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '7911', 'article_category_id' => '217', 'title' => 'Panchakanya Group', 'sub_title' => '', 'summary' => 'Pioneering the manufacturing of construction materials, Panchakanya Group is considered as a force to be reckoned with in the Nepali industrial fraternity. The group is the result of a vision and the ambition of its founder Prem Bahadur Shrestha and the hard work of his sons', 'content' => '<p style="text-align:justify">Pioneering the manufacturing of construction materials, Panchakanya Group is considered as a force to be reckoned with in the Nepali in<img alt="" src="/userfiles/images/PK2.jpg" style="float:right; height:433px; width:90px" />dustrial fraternity. The group is the result of a vision and the ambition of its founder Prem Bahadur Shrestha and the hard work of his sons. A 17 year old Prem Bahadur Shrestha, after rejecting a government job offer, decided to start a business of his own. His first venture was a potato farm in Fikkal of Ilam. However, it could not succeed. Then he came to Jhapa and began trading in rice and other items gradually achieving success. Afterwards he started a partnership business in timber in 2024 BS. With strong support from his brothers, the business turned out to become quite successful.<br /> In 1971, Shrestha established the Panchakanya Rice Mill in Jhapa which is considered as a stepping stone inthe formation ofthe Panchakanya Group. In 1981, he ventured into iron and steel manufacturing by establishing the Panchakanya Iron Industries at Kotihawa, Rupandehi. The primary idea behind starting the company in Rupandehi was to tap the opportunities in the unexplored market for iron and steel construction materials in the western part of Nepal. During the 1980s, Panchakanya Group diversified further by setting up a pipe, wire and a steel manufacturing industry in Bhairahawa. The group then planned to build industrial plants in the Kathmandu Valley.<br /> Today, the group has five plants in the Kathmandu Valley for manufacturing RMC (readymix concrete), stainless steel tanks, aggregates and furniture. In 1994, Panchakanya acquired Nepal Bitumen & Barrel Udhyog, a government owned company established in 1984, under the government’s privatisation programme.<br /> In 2002, Panchakanya Steel became the first company to manufacture TMT steel bars in Nepal. Post-2015 earthquake, Panchakanya started a manufacturing plant for structural galvanized-steel and light gauge steel, which is first such plant in Nepal.<br /> With its innovation in the steel industry, the number of industries under the flag of Panchakanya and its history of being a company with strong business repute, the group has today become a highly admired brand among the Nepalis.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/PK3.jpg" style="height:630px; width:800px" /></p> <p style="text-align:justify"><img alt="" src="/userfiles/images/pk4.jpg" style="height:421px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>The group has successfully carried out many construction projects, within and outside the country, in joint ventures with foreign companies, mostly from the People’s Republic of China.</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2000 people</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Steel and iron</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Expansion of its core business and network expansion</li> </ul> </div> <p><img alt="" src="/userfiles/images/PK.jpg" style="height:792px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7692', 'image' => '20180410011928_PK1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '7910', 'article_category_id' => '217', 'title' => 'Prabhu Group', 'sub_title' => '', 'summary' => 'Prabhu’s emergence as a leading business sector has been recent. But its growth has been quite swift. Prabhu Group has a strong presence in the financial sector with a first class commercial bank to its name along with a life and a general insurance company and a money transfer and a payment company.', 'content' => '<p style="text-align:justify">Prabhu’s emergence as a leading business sector has been recent. But its growth has been quite swift. Prabhu Group has a strong presence in <img alt="" src="/userfiles/images/p3%282%29.jpg" style="float:right; height:291px; width:150px" />the financial sector with a first class commercial bank to its name along with a life and a general insurance company and a money transfer and a payment company.<br /> The emergence of the Prabhu brand started after the formation of Prabhu Travels, a travel agency formed in 1990. Devi Prakash Bhattachan, the chairman of the Prabhu Group, is the man behind the group of companies with the brand name Prabhu.<br /> In 2001, the group started Prabhu Finance and Prabhu Investment Company. Prabhu Group rose to prominence after the Prabhu Development Bank (which was upgraded from Prabhu Finance) merged with Kist Bank, Gaurishankar Development Bank and Zenith Finance Ltd to form Prabhu Bank. This was in 2014. So far, eight financial institutions have been merged into Prabhu Bank. <br /> Prabhu Group has since intensified its business expansion. In 2014, Prabhu Technology was established which later became the first company to receive a license from the central bank for mobile payments. In 2015, Prabhu group acquired a 55 percent stake in Muktinath Airlines and transformed it into Prabhu Helicopters. In 2016, Prabhu Group acquired Growmore Merchant Bank and converted it into Prabhu Capital. In late 2017, Prabhu Life Insurance came into existence. The group already has a general insurance company under its wing. <br /> The group has also been undertaking money transfer services through Prabhu Money Transfer since 2002. A Malaysia-based Prabhu Money Transfer was established in 2007 which was acquired by Telenor Group in May 2016. The group also comprises of a US-based financial service providing company, Prabhu Group Inc. which is led by the chairman’s daughter Shikshya Bhattachan.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/p2%282%29.jpg" style="height:1558px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Remittance</li> <li>Banking</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Terrestrial TV businesses</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2500 PEOPLE</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Prabhu Bank posted a net profit of Rs 1.75 billion in the fiscal year 2016-17.</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7691', 'image' => '20180410115818_p1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 5 => array( 'Article' => array( 'id' => '7909', 'article_category_id' => '217', 'title' => 'Saakha Group', 'sub_title' => '', 'summary' => 'In the 1950s, Ram Bhakta Saakha, the father of Ganesh Bhakta Saakha, was a Bhaktapur-based trader who traded in clothing, edible oils, coconuts and thread. After one hundred years in trade and business, Saakha Group can be considered as one of the oldest business houses of Nepal.', 'content' => '<p style="text-align:justify">In the 1950s, Ram Bhakta Saakha, the father of Ganesh Bhakta Saakha, was a Bhaktapur-based trader who traded in clothing, ed<img alt="" src="/userfiles/images/Clipboard06%287%29.jpg" style="float:right; height:401px; width:100px" />ible oils, coconuts and thread. After one hundred years in trade and business, Saakha Group can be considered as one of the oldest business houses of Nepal. To build on the company’s traditional business activities, Ram Bhakta Saakha sent his son to Mumbai (then known as Bombay) to study business. Upon his return from Mumbai, Ganesh Saakha started importing adhesive glues for industrial use in Nepal and further imported dyes and chemicals. At times, Ganesh Saakha also imported shoes, cloths and umbrellas from China but with the increase in demand for industrial intermediary goods, he decided to establish Nepal Polycal Industries. The establishment of the industry in 2035 BS in Hattisar marked the beginning of Saakhas as a business house in Nepal.<br /> In the 1980s, Saakha Group entered into garment production but the business declined in the mid-2000s and the group had to withdraw from it. In 1983, the group established Nepal Paints Pvt. Ltd. in technical collaboration with a Korean franchise. Later, their Saakha Metal Industries started the production of non-ferrous metal sheets and circles (copper, brass, and aluminium sheets) which are primarily used in the production of utensils. In 1995, Saakha Steel Industries was founded which produced ToR-steel using a Luxemburg-based franchise. 15 years later, the company upgraded its plant to produce TMT bars. Today, it is one of the leading Nepali steel manufacturers. Ganesh Bhakta Saakha believes that his life as an industrialist actually started from 2041 BS onwards after his venture into large scale industries such as Nepal Paint Industries, Saakha Metal Industries and Unisa Polychem Industries.<br /> In 2001, the group bought a 33 percent stake in Chemidrug Industries which is one of the oldest Nepali pharmaceuticals established in the 1970s. Saakha Group is also engaged in the import of automobiles, dyes and chemicals, solar products and prefab houses. Real estate, finance and education are other areas of business where Saakha Group has investments.</p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>4-star hotel</li> <li>Insurance company</li> </ul> </div> <p><img alt="" src="/userfiles/images/Clipboard07%284%29.jpg" style="height:504px; width:800px" /></p> <p><img alt="" src="/userfiles/images/Clipboard08%286%29.jpg" style="height:856px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7690', 'image' => '20180410114454_Clipboard09.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 6 => array( 'Article' => array( 'id' => '7908', 'article_category_id' => '217', 'title' => 'Sanima Group', 'sub_title' => '', 'summary' => 'Sanima Group comprises companies which are operational in Nepal and other countries of the world. These companies are run by prominent non-resident Nepalis (NRNs) residing in different parts of the globe. Arun Kumar Ojha, Tek Raj Niraula and Jiba Lamichhane are the key NRNs who are heading different companies under the umbrella of Sanima Group.', 'content' => '<p style="text-align:justify">Sanima Group comprises companies which are<img alt="" src="/userfiles/images/sann.jpg" style="float:right; height:159px; width:450px" /> operational in Nepal and other countries of the world. These companies are run by prominent non-resident Nepalis (NRNs) residing in different parts of the globe. Arun Kumar Ojha, Tek Raj Niraula and Jiba Lamichhane are the key NRNs who are heading different companies under the umbrella of Sanima Group. The group has major investment in hydropower and banking sector while its portfolio also expands to the insurance, health and media and communication sectors. The seeds of Sanima Group of Companies were sowed in the former Soviet Russia when Ojha, Niroula and Lamichhane joined hands to start a business. The three men had gone to Russia in the 1980s to pursue their higher studies. They were also engaged in business activities apart from studies. Arun Ojha and Tek Raj Niraula used to run an electrical business in Moscow while Lamichhane who migrated to Russia in 1986 worked as a dealer for Sony, LG and Samsung brands in Russia during his initial days as a businessman. The trio combined their businesses and academic expertise and turned into millionaires with business setups in foreign land.</p> <p style="text-align:justify"> In 1999, they founded the Sanima Hydropower Limited in Nepal, the first company of the Sanima Group, that constructed the 2.6 MW Sunkoshi Small Hydropower Project. Their investment efforts were complimented by Belarus-Russian entrepreneurs including Dr Upendra Mahato, Khem Lamichhane, Binaya Kumar Shrestha, Dr Niraj Govind Shrestha, Olga Ojha, Ram Krishna Shah and Ghanashyam Thapa. Afterwards, the group formed Sanima Hydro, a group of private and public companies with investments from NRNs. After the successful implementation of the Sunkoshi Small Hydropower Project, the group established multiple special purpose vehicles and invested in multiple hydropower projects with a total generation capacity of over 100 MW. The companies under Sanima Hydro include, Sanima Hydropower Limited, Sanima Middle Tamor Hydropower Ltd, Sanima Hydro and Engineering Pvt Ltd, Tamor Sanima Energy Pvt Ltd, Swet Ganga Hydropower and Construction Ltd and Sanima Hydro and Engineering Pvt Ltd (SHEPL).</p> <p style="text-align:justify">In 2004, the group forayed into financial services with the establishment of Sanima Bank which started as a national level development bank. A decade later, the development bank was upgraded to a commercial bank which has been a key milestone for the group. Sanima Group of Companies now comprises a life insurance company, Sanima Life Insurance, while a general insurance company is all set to begin operation in April.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/sann3.jpg" style="height:1579px; width:800px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>SHEPL is a joint venture between Sanima Hydro and Hydroplan, a UK-based hydropower consulting company</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>28 MW Lower Likhu Hydropower Project (Power Purchase Agreement with the government executed)</li> <li>Middle Tamor Hydropower Project (54 MW)</li> <li>Mailung hydropower under study.</li> <li>Sanima General Insuranc</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7689', 'image' => '20180410113131_sann2.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 7 => array( 'Article' => array( 'id' => '7905', 'article_category_id' => '217', 'title' => 'Shanker Group', 'sub_title' => '', 'summary' => 'After testing his efforts in trading, Rawat Mal Golyan established a button factory called the Sau Udyog in Nepal in 1960. Although it didn’t prove successful, it was a first step towards the making of a business group that would own multiple industries later.', 'content' => '<p style="text-align:justify">After testing his efforts in trading, Rawat Mal Golyan established a button factory called the Sau Udyog in Nepal in 1960. Although it didn’t<img alt="" src="/userfiles/images/sg3.jpg" style="float:right; height:443px; width:90px" /> prove successful, it was a first step towards the making of a business group that would own multiple industries later. Golyan was originally from Myanmar and arrived in Nepal exploring business opportunities. After the failure of the button factory, Golyan returned to trading.<br /> Shanker Lal Agrawal, the youngest son of Rawat, whose initial exposure was in the fabric business continued his father’s business and established Shanker Group in 1979. During the mid 1980s, Agrawal started trading in ball bearings representing various international brands. The group has now over 30 companies under its umbrella spanning a range of sectors including mining, cement, steel, synthetics, textiles, FMCG, trading and, insurance, capital market, real estate and hospitality. The group’s momentum in manufacturing gained speed after establishing Jagdamba Steels in 1994 and Jagdamba Cement in 2001. It was followed by a plastic yarn manufacturing company Jagdamba Synthetics and pipes, tubes and TMT bars manufacturer Jagdamba Enterprises in 2001. Jagdamba Entreprises has been the authorised distributor of Tata Steelium for Nepal since 2006.<br /> In 2014, Shanker Group partnered with Ambe Group and initiated a USD 60 million cement project, Riddhi Siddhi Cement. Likewise, the group has recently marked its entry into the hospitality sector with a luxury hotel, DoubleTree by Hilton which is currently under construction at Naxal, Kathmandu. DoubleTree by Hilton is a chain of Hilton Hotels and Resorts which is among the largest hotel chains in the world.</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>The cement, plastic and textile units of Shanker Group are JVs with Saurabh Group</li> <li>Riddhi Siddhi Cement is a JV with Ambe Group</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Estimated annual turnover is NRs 70 billion that the group plans to grow to Rs 100 billion.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Manufacturing units - steel, cement, plastics, textiles and FMCG industries</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Double Tree by Hilton Hotel at Naxal</li> <li>Riddhi Siddhi Cement at Hetauda</li> <li>A large scale cement plant in eastern part of Nepal and a Jagdamba Cement plant at Bhairahawa</li> <li>Hydropower projects such as Madi and Balefi hydropower projects</li> <li>TVS assembly plant in Birgunj</li> <li>Expansion of steel plant</li> <li>Alcohol beverage plant installation is ongoing</li> <li>Real estate investments including business complexes</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,200 people</li> </ul> </div> <p><img alt="" src="/userfiles/images/sg2.jpg" style="height:1973px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7686', 'image' => '20180409043739_sg1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 8 => array( 'Article' => array( 'id' => '7904', 'article_category_id' => '217', 'title' => 'Sharda Group', 'sub_title' => '', 'summary' => 'More than six decades ago, Duli Chandra Sharda set up a rice mill in Lahan namely Pashupati Rice Mill. It was this rice mill that built a base for the establishment of Sharda Group. Prior to that, Duli Chandra Sharda and his father were Lahan-based small traders who traded in rice, jute, mustard seeds etc. ', 'content' => '<p>More than six decades ago, Duli Chandra Sharda set up a rice mill in Lahan namely Pashupati Rice Mill. It was this rice mill that built a base<img alt="" src="/userfiles/images/ss3%283%29.jpg" style="float:right; height:576px; width:90px" /> for the establishment of Sharda Group. Prior to that, Duli Chandra Sharda and his father were Lahan-based small traders who traded in rice, jute, mustard seeds etc. Back then, farmers and traders travelled to India with their paddy. Lack of a rice mill in the Terai region encouraged Duli Chandra to set up a rice mill in Lahan. There was no looking back after that. In the subsequent years, he added three more rice mills in Lahan, three more in other parts of Siraha district and one in Janakpur. They also opened a sugar mill which unfortunately failed but their oil mill business succeeded.<br /> Later, the sons of Duli Chandra, established two rolling mills in Nepal, Everest Iron and Steel Industry in Biratnagar and Hetauda Iron Industries in Hetauda. Following the establishment of the rice mill and iron and steel industry, the family went into more industries such as solvent extraction, oxygen plant and ghee manufacturing and plants. The group manufactured wire and cables, flour, lentil, and noodle and shoe, carpet and grain spirit.<br /> In 2000, Sharda Group, in a joint venture with Jaju Group, established Asian Thai Food which is the producer of noodle brands such as Rumpum, Preeti and 2PM. Twelve years later, the two groups started another joint venture as Asian Biscuit and Confectionary. The confectionary group started producing Goodlife brand of biscuits in 2014.<br /> In 2006, the group entered the cement industry establishing Shivam Cement. In 2017, the group signed a joint venture with China’s Hongshi Group and established Hongshi-Shivam Cement. The joint venture project is valued at USD 359 million and is expected to be operational by 2018. The group has also entered the hydropower sector with Ridi Hydropower while there are other hydropower projects in the pipeline too. The group is a leading promoter at Kumari Bank and is present in NMB Bank and Sunrise Bank too. Pioneer Motocorp, a subsidiary of the group, represents Datsun in Nepal.</p> <p><img alt="" src="/userfiles/images/ss2%285%29.jpg" style="height:722px; width:800px" /></p> <p> </p> <p> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Pashupati Rice and Oil Mills Pvt. Ltd. (Four decades in operation)</li> <li>Atlas Pet Plastic Industries</li> <li>Premier Polymers</li> <li>PashupatiSynpack Industries</li> <li>Nutri-foods</li> <li>Shivam Cement</li> <li>Cosmic Homecare</li> <li>Asian Thai Foods</li> <li>Asian Biscuit and Confectionery</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Shivam Cement is a joint venture company with a Chinese company (Hongshi Group) as a joint venture partner.</li> <li>Asian Thai Foods and Snacks and Asian Biscuit and Confectionary are two different JVs, both between the Sharda Group and Jaju Group.</li> </ul> <p> </p> </div> <p><img alt="" src="/userfiles/images/ss5.jpg" style="height:1324px; width:804px" /></p> <p><img alt="" src="/userfiles/images/ss4%282%29.jpg" style="height:782px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7685', 'image' => '20180409040835_ss1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 9 => array( 'Article' => array( 'id' => '7901', 'article_category_id' => '217', 'title' => 'Siddhartha Rana Group', 'sub_title' => '', 'summary' => 'Prabhakar SJB Rana, the Chairman Emeritus of Soaltee Crowne Plaza, has been engaged in a number of sectors particularly hospitality, trade, automobiles and hydropower. ', 'content' => '<p style="text-align:justify">Prabhakar SJB Rana, the Chairman Emeritus of Soaltee Crowne Plaza, has been engaged in a number of sectors particularly hospitality, trade, automobiles and hydropower. Soaltee Hotel, founded in 1967 and later managed by Oberoi Hotel group in 1969, turned into a public limited company in 1975 after Soaltee Enterprises, Nepal Industrial Development Corporation, International Finance Corporation, Oberoi Hotels, Nepal Airlines Corporation and the public bought its stakes. The public limited company now owns the Soaltee Crowne Plaza. Only a few months ago, the Soaltee Hotel Limited expanded its portfolio with a four-star hotel namely Soaltee Westend Premier Hotel in Nepalgunj.<br /> In 1982, Prabhakar Rana established Sipradi Trading Pvt. Ltd. which became the exclusive distributor of Tata Motors Ltd. for Nepal in the same year. Meanwhile, Sipradi Energy, a company under Sipradi group of companies, represents Exide batteries and Luminous inverters. Apart from Sipradi, the Rana group has significant investments in manufacturing and hydropower. In 1986, Surya Nepal Pvt. Ltd., an Indo-Nepal-UK joint venture was established which manufactures the Surya brand of cigarettes, a best-selling cigarette brand in Nepal. Apart from the tobacco business, the company is engaged in the business of safety matches, incense and readymade garments.<br /> In 1996, Bhote Koshi Power Company was added to the Rana’s group of businesses. The power company owns the 45 MW Upper Bhote Koshi hydro power project which is the first privately funded run of the river hydropower project in Nepal. Together with Soaltee Enterprises and Surya Enterprises, the investment companies through which the Rana family has made investments, the Rana group also has engagements in other businesses such as travel, transport and shipping, tea processing and private equity management.<br /> With the growing and ever expanding business, Siddhartha SJB Rana (son of Prabhakar SJB Rana) who currently looks after the entire business operations has been often named as the top individual income taxpayer in Nepal, while Surya Nepal has often made it to the list of the top 10 tax paying enterprises. In addition, Sipradi Trading is amongst the highest tax-paying trading enterprises in Nepal bagging the award in 2014, 2015 and 2016. Although the group of businesses doesn’t have an official group name, it is believed that they prefer the name Siddhartha Rana Group. </p> <p style="text-align:justify"><img alt="" src="/userfiles/images/s2%288%29.jpg" style="float:right; height:1466px; width:800px" /><img alt="" src="/userfiles/images/s3%287%29.jpg" style="float:right; height:333px; width:90px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Surya Nepal Pvt. Ltd. is an Indo-Nepal-UK joint venture. It is a subsidiary of ITC Limited, India. The balance shares are held by Nepali individuals and corporate shareholders and British American Tobacco (Investment) Limited, UK.</li> <li>Soaltee Crowne Plaza is a joint venture between Soaltee Enterprises and Sibkrim Land and Industrial Company, a subsidiary company of the NE Group.</li> <li>Bhotekoshi Power Company is a Nepal-US joint venture with Himal International Energy Pvt. Ltd. (HIEPL), Himal International Power Corp Pvt. Ltd. (HIPC), Tara Fund Pvt. Ltd. (TFPL) and RDC of Nepal (RDC/N) as its shareholders. While HIEPL, HIPC and TFPL are Nepali companies, RDC/N is a company jointly owned by two US companies: MWH International, Inc. (MWH) and Harza International Development Company, LLC (Harza)</li> <li>Gorkha Lawrie is a joint venture with British company Lawrie Group PLC.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Sipradi Trading</li> <li>Surya Nepal</li> <li>Bhote Koshi Hydropower Project</li> <li>Soaltee Hotel</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Luxury resort in Pokhara under the brand name of Soaltee Hotel.</li> <li>Five-star hotel in 45 ropanis of land at Rabibhawan under Surya Enterprises</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,400 people (Sipradi has 750 employees + 650 support staff)</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Annual Revenue: Sipradi Group of companies is estimated to have revenue over USD 350 million.</li> </ul> </div> <p><img alt="" src="/userfiles/images/s4%289%29.jpg" style="height:996px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7682', 'image' => '20180409034007_s1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 10 => array( 'Article' => array( 'id' => '7898', 'article_category_id' => '217', 'title' => 'Triveni Group', 'sub_title' => '', 'summary' => 'Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. ', 'content' => '<p>Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. The trading wing has 11 branches across Nepal.</p> <p>The group’s emergence occurred post 1990 after it extended its manufacturing arm to different areas. Triveni Synthetic Yarn Industries was established in 1990 followed by Triveni Spinning Mills in 1992. The group then extended its manufacturing arm with a textile plant in 1996, two packaging plants in 1997 and a plasto polymer plant in 1998. In 2000, Triveni Group took over the state-owned Nepal Tea Development Corporation (NTDC) on a lease agreement for 50 years. Tokla is one of the popular tea brands in Nepal that is produced by the NTDC.</p> <p>The group entered cement production with Shree Pashupati Cement in 2002. The next year, it added another cement plant, Vishwakarma Cement Pvt Ltd. In 2009, Triveni Group established Ghorahi Cement Industry Pvt Ltd in partnership with Vishal Group. The group also runs Kapilvastu Cement. In addition, the group is engaged in coal and limestone extraction in different mines in western region of Nepal. In 2010, the group started Triveni Feed Industries.<br /> The same year, the group ventured into the retail sector with a retail chain named Big Mart. The group also runs NLIC City Centre, a shopping mall in Kathmandu with a multiplex named Big Movies.</p> <p>As with most of the business houses,<br /> Triveni Group has a considerable presence in the financial sector. The group is the promoter of banks such as NIC Asia and NMB Bank and insurance companies, Nepal Life Insurance Company (NLIC) and Prudential Life Insurance.</p> <p>Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. The trading wing has 11 branches across Nepal.</p> <p>The group’s emergence occurred post 1990 after it extended its manufacturing arm to different areas. Triveni Synthetic Yarn Industries was established in 1990 followed by Triveni Spinning Mills in 1992. The group then extended its manufacturing arm with a textile plant in 1996, two packaging plants in 1997 and a plasto polymer plant in 1998. In 2000, Triveni Group took over the state-owned Nepal Tea Development Corporation (NTDC) on a lease agreement for 50 years. Tokla is one of the popular tea brands in Nepal that is produced by the NTDC.</p> <p>The group entered cement production with Shree Pashupati Cement in 2002. The next year, it added another cement plant, Vishwakarma Cement Pvt Ltd. In 2009, Triveni Group established Ghorahi Cement Industry Pvt Ltd in partnership with Vishal Group. The group also runs Kapilvastu Cement. In addition, the group is engaged in coal and limestone extraction in different mines in western region of Nepal. In 2010, the group started Triveni Feed Industries.<br /> The same year, the group ventured into the retail sector with a retail chain named Big Mart. The group also runs NLIC City Centre, a shopping mall in Kathmandu with a multiplex named Big Movies.</p> <p>As with most of the business houses,<br /> Triveni Group has a considerable presence in the financial sector. The group is the promoter of banks such as NIC Asia and NMB Bank and insurance companies, Nepal Life Insurance Company (NLIC) and Prudential Life Insurance.</p> <p><img alt="" src="/userfiles/images/1%2818%29.jpg" style="float:left; height:1795px; width:800px" /></p> <p> </p> <p><img alt="" src="/userfiles/images/2%2812%29.jpg" style="float:right; height:993px; width:125px" /></p> <p> </p> <p> </p> <p> </p> <p><img alt="" src="/userfiles/images/3%2814%29.jpg" style="height:488px; width:800px" /></p> <p> </p> <p> </p> <p> </p> <p> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Trading</li> <li>Manufacturing industries such as cement, yarn, tea and textiles, feed etc.</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>52 MW Likhu-4 Hydropower Project</li> <li>Expansion of retail chain Big Mart across Nepa</li> <li>25 MW Balefi Hydropower Project</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Green Ventures Pvt Ltd is a JV between Bhilwara Energy Ltd, India and Triveni Group, Nepal</li> </ul> <p><img alt="" src="/userfiles/images/Clipboard14%2810%29.jpg" style="float:left; height:140px; width:910px" /></p> <p> </p> <p> </p> </div> <p> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7679', 'image' => '20180409023804_111.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '7894', 'article_category_id' => '217', 'title' => 'Universal Group', 'sub_title' => '', 'summary' => 'Late Noor Pratap Rana, the founder of Universal Group, is considered a pioneer in the Nepali footwear industry. Noor stepped into the footwear industry in the 1970s. In the early 80s, the group established a factory in Hetauda and started producing ‘Hathi’ brand slippers.', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard04%284%29.jpg" style="float:right; height:293px; margin:5px; width:90px" />Late Noor Pratap Rana, the founder of Universal Group, is considered a pioneer in the Nepali footwear industry. Noor stepped into the footwear industry in the 1970s. In the early 80s, the group established a factory in Hetauda and started producing ‘Hathi’ brand slippers. A catchphrase used to promote the brand “Hathi Baliyo ki Hathi Chap Chappal” became famous in the decades to come. </p> <p style="text-align:justify">Rana is believed to have introduced the first pair of slippers manufactured in Nepal. Later, Noor founded the brand Goldstar in the nineties. Today, it has become Nepal’s premium footwear brand known for its quality, durability and design and is produced in two factories in Kathmandu, Shankha Park and Balaju, and majorly exported to India. Today, the group produces Goldstar brand shoes under Kiran Shoes Manufacturer and Hathichhap brand sandals under Modern Slipper Industry. Both brands are exported to South Asian markets. In the year 2013, the government felicitated Kiran Shoes as the highest taxpayer in the export category.</p> <p style="text-align:justify">Earlier, Noor started his business career trying his hands in the transport business in Bhairahawa. His breakthrough came when he started producing metal strings by importing Mica but it was his journey into the footwear industry that got him his major success. Afterwards, the group stepped into the dairy industry by establishing Integrated Dairy and Agro Products Pvt Ltd in 2004. The company is the producer of milk brand ‘Anmol’. The group is one of the major promoters of Kumari Bank, NMB Bank and Shikhar Insurance Co.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard03%289%29.jpg" style="height:1502px; 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>Estimated annual turnover of Rs 15 billion</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2,850 people</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Universal Elder Pharmaceutical Pvt Ltd is a JV with Elder Pharmaceuticals Ltd India</li> </ul> <p><span style="font-size:16px"><strong>Planned Investment</strong></span></p> <ul> <li>Expand the verticals of footwear industry and go extensively on different variants with new designs. Planning to introduce new variants such as safety boots, utility, lifestyle and school shoes and shoes used by security forces. </li> <li>Opening a shoe factory in Bhairahawa</li> </ul> <p><span style="font-size:16px"><strong>Key Revenue Generator</strong></span><br /> Footwear companies especially Kiran Shoes Manufacturer</p> </div> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7675', 'image' => '20180409104456_Clipboard01.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '7893', 'article_category_id' => '217', 'title' => 'Vishal Group', 'sub_title' => '', 'summary' => 'It was during the 1940s that the seeds of Vishal Group, a business group owned by an Agrawal family, were sown with the establishment of a fabric shop in Dharan. The Agrawal family was led by Gordhandas Agrawal who traded cloths in Dharan, after having moved from Ilam. ', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard80.jpg" style="float:right; height:494px; margin:5px; width:100px" />It was during the 1940s that the seeds of Vishal Group, a business group owned by an Agrawal family, were sown with the establishment of a fabric shop in Dharan. The Agrawal family was led by Gordhandas Agrawal who traded cloths in Dharan, after having moved from Ilam. The family continued its sole focus on trading for the next few decades, and primarily on textile imports from India. Later, they started importing textiles from China as well. </p> <p style="text-align:justify">Their progression into international trade, apart from India and China, started gradually as a trader of a range of industrial inputs and international FMCG brands for Nepal. Today, the group imports industrial inputs such as raw materials, semi finished goods and machineries and FMCG products from companies such as Procter and Gamble (P&G), DIAGEO, United Biscuits, Tabasco, Moet & Hennessy, Mentholatum and Orion, which in total accounts to international companies spread across 40 countries and leveraging its wide distribution network for their distribution throughout the country. For this reason, the group considers their engagement in trading and brand representation as one of its key strengths. </p> <p style="text-align:justify">As the trading business thrived, Vishal Group started diversifying into multiple sectors during the 1980s. In 1987, they established Kamala Iron Industry which was later converted into Kamala Rolling Pvt Ltd. At the same time, the group was also engaged in manufacturing batteries. In the 1990s, they established a toothpaste manufacturing factory. The group also has a steel factory under its wing namely Mainawati Steel. </p> <p style="text-align:justify">The group took another step towards further diversification, entering the financial sector in the mid 1990s to consolidate its position as a leading business house of Nepal. Today, Vishal Group is a prominent name in the financial sector, with a strong presence in the banking and insurance sector. The group joined a pool of investors and established NIC Bank in 1997 as a lead promoter which later merged with Bank of Asia to become the current NIC Asia Bank. Post merger, NIC Asia became one of the largest banks of Nepal. The group is also a leading promoter of NMB Bank. It stepped into the insurance sector in the year 2000 promoting Life Insurance Corporation (LIC) Nepal Ltd and Prudential General Insurance Company. The group has also forayed into the education sector by promoting Delhi Public School based in Biratnagar and Kathmandu and as a partner at Ace Institute of Management. It also has its presence in the automobile industry representing Volkswagen (Germany), Suzuki Motorcycle India Pvt Ltd and Kobelco Construction Machinery.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard78.jpg" style="height:376px; width:800px" /></p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard72%282%29.jpg" style="height:1103px; width:800px" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>10,000 people</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Education sector in the area of management, medical and training institutes </li> <li>Hydropower projects</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Trading and brand representation</li> <li>Banking and insurance sector</li> <li>Iron and steel industry</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>LIC (Nepal) Ltd is a JV between Life Insurance Corp of India and Vishal Group</li> <li>Care Rating Nepal is a JV between CARE Ratings Limited (India), an international credit rating institution, Vishal Group, Emerging Nepal Ltd, Nepal Reinsurance Company Limited, Global IME Bank Limited, Prudential Insurance Company Ltd and Life Insurance Corporation Nepal Ltd</li> <li>NMB Bank is a JV with FMO, a Netherlands-based development bank</li> <li>Kathmandu and Biratnagar based Delhi Public School are franchises of Delhi Public School Society of India</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7674', 'image' => '20180409102851_Clipboard77.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 13 => array( 'Article' => array( 'id' => '7892', 'article_category_id' => '217', 'title' => 'Vaidya Organization of Industries and Trading Houses (VOITH)', 'sub_title' => '', 'summary' => 'After completing his master’s degree in economics from Calcutta University in India, Vijaya Gajananda Vaidya returned to Nepal where he worked as a gazetted officer for the then Ministry of Foreign Affairs for two years and then switched to United States Agency for International Development (USAID) ', 'content' => '<div class="content-wrapper" style="box-sizing: border-box; padding-left: 10px;"> <div class="highlight-column" style="box-sizing: border-box; width: 200px; padding: 5px; float: right; clear: left; margin-left: 5px; margin-top: 5px; margin-bottom: 5px; text-align: center; background: rgb(230, 230, 250);"> <p><span style="font-family:helvetica neue,helvetica,arial,sans-serif; font-size:14.84px"><img alt="Suraj Vaidya, Chairman, Vaidya Organization of Industries and Trading Houses (VOITH)" src="/userfiles/images/Clipboard67%284%29.jpg" style="height:254px; width:190px" /></span><strong>Suraj Vaidya</strong><br /> Chairman <br /> Vaidya Organization of Industries and Trading Houses (VOITH)</p> </div> </div> <p>After completing his master’s degree in economics from Calcutta University in India, Vijaya Gajananda Vaidya returned to Nepal where he worked as a gazetted officer for the then Ministry of Foreign Affairs for two years and then switched to United States Agency for International Development (USAID) where he worked for around five years. He worked another year for a Washington-based research institute and that was the end of his career as an employee. </p> <p>At the age of 29 with USD 700 in his pocket, Vaidya invested the amount in establishing United Traders Syndicate (UTS) that became the sole distributor of Toyota Motors in Nepal. Back then, UTS introduced the Toyota Corona Saloon in 1969 and Corolla in 1973. In the early 2000s, UTS introduced the Hiace brand of passenger vehicles in Nepal. With five decades in Nepal, the Toyota brand has won the hearts of Nepalis for its quality and durability and has solidified VOITH’s reputation in the automobile industry. On the other hand, Agni Incorporated, another subsidiary company of VOITH, is the authorised distributor of Mahindra & Mahindra vehicles in Nepal. The Indian automobile is gradually becoming a favourite four-wheeler brand in Nepal. </p> <p>Apart from automobiles, VOITH has diversified into agro processing, tea, construction, feed production, insurance, animal husbandry and technical education. VOITH has had a robust presence in the tea industry since 1999 with subsidiary companies such as Guranse Tea Estate, Mai-Ilam Guranse Tea Industries and Nirvana Tea Processing and Packaging producing, storing, processing and exporting high quality Nepali orthodox tea. VOITH’s portfolio also includes the insurance sector with Suraj Vaidya as one of the promoters of Lumbini General Insurance Company.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard71%283%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>Nepal Wellhope Agri-Tech Private Limited is a JV between VOITH and China’s Liaoning Wellhope Agritech Company</li> <li>Serving Minds Private Limited is a joint venture between VOITH and the Mercantile Group </li> </ul> <p><span style="font-size:16px"><strong>Financials </strong></span></p> <ul> <li>VOITH’s estimated annual turnover is approximately Rs 20 billion.</li> </ul> <p><span style="font-size:16px"><strong>Key Business </strong></span></p> <ul> <li>Agri based businesses such as tea</li> <li>Trading of four-wheelers</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Tourism (Resort)</li> <li>IT</li> <li>Alternative Energy</li> <li>Automobile parts</li> <li>Education</li> <li>Electric Bicycle Assembly Plant</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7673', 'image' => '20180409102505_Clipboard70.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => true, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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 "" [APP/View/Elements/side_bar.ctp, line 133]file not found!Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ), (int) 3 => array( 'Article' => array( [maximum depth reached] ) ), (int) 4 => array( 'Article' => array( [maximum depth reached] ) ), (int) 5 => array( 'Article' => array( [maximum depth reached] ) ), (int) 6 => array( 'Article' => array( [maximum depth reached] ) ), (int) 7 => array( 'Article' => array( [maximum depth reached] ) ), (int) 8 => array( 'Article' => array( [maximum depth reached] ) ), (int) 9 => array( 'Article' => array( [maximum depth reached] ) ), (int) 10 => array( 'Article' => array( [maximum depth reached] ) ), (int) 11 => array( 'Article' => array( [maximum depth reached] ) ), (int) 12 => array( 'Article' => array( [maximum depth reached] ) ), (int) 13 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '7915', 'article_category_id' => '217', 'title' => 'MS Group', 'sub_title' => '', 'summary' => 'When MaligramAgarwal started his business, his objective was to establish an international standard trading house. Thus, MS Group came into existence in 1970 and Maliram was its pioneer.', 'content' => '<p style="text-align:justify">When MaligramAgarwal started his business, his objective was to establish an international standard trading house. Thus, MS Group came into existence in 1970 and Maliram was its pioneer. The group established a textile mill in 1981 and an acrylic spinning mill in 1987. But it was in the <img alt="" src="/userfiles/images/ms3.jpg" style="float:right; height:328px; width:100px" />post 90s diversification when the group charted new heights.<br /> In the mid 90s, MS Group established Reliance Spinning Mill together with Golyan Group. Both the group’s investment in the spinning mill had surpassed Rs one billion by the end of the nineties. The mill turned into a cash spinning enterprise for both groups. Its output is exported to India, Bangladesh and Turkey and has an estimated annual turnover of NRs five billion. The group has also forged other joint ventures with Golyan group in the area of synthetic industry and hydropower projects. Bhagwati Rolling Mill, a steel manufacturing company, was established in 1995.<br /> The group established Bhagwati Steel Industries Pvt Ltd in 1991, Everest Sugar and Chemical Industries Pvt Ltd in 1994 and Bhagwati Carbide Industries, a battery industry in 1995. In the early 2000s, the group added a soap plant and a confectionary factory. MS Group’s venture into the spinning mill and steel and sugar industries post 1990 made the group a leading business house in Nepal today.<br /> In 2017, the MS Group introduced Fairfield by Marriot in Nepal thus entering the hospitality sector. Fairfield Marriot is a four-star American chain hotel. The group has also started construction work on a five-star deluxe hotel project in Nagpokhari, undertaken by The Everest Hospitality Group, a subsidiary of the MS Group. The project is under the flagship of Marriott International, a leading US-based hotel chain.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/ms2.jpg" style="height:1554px; width:800px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Estimated annual turnover of the MS Group is around Rs three billion from the steel industry, Rs three billion from the sugar industry and Rs five billion from spinning mills</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Spinning Mill</li> <li>Sugar Industry</li> <li>Steel industry</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>A new trading company</li> <li>Agency business</li> <li>Paint manufacturing industry and carpet industry</li> <li>Shoe industry</li> <li>Hotel projects in Kathmandu and Butwal</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>6000 people</li> </ul> </div> <p><img alt="" src="/userfiles/images/ms4.jpg" style="height:478px; width:800px" /> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7696', 'image' => '20180410035142_ms1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 1 => array( 'Article' => array( 'id' => '7913', 'article_category_id' => '217', 'title' => 'NE Group', 'sub_title' => '', 'summary' => 'In 1972, Indra Bhakta Shrestha started importing fabrics and other consumer products from Japan and Korea. In the same year, he started Nepal Enterprises (NE) with the help of his son Ravi Bhakta Shrestha to give momentum to his trading activities. ', 'content' => '<p style="text-align:justify">In 1972, Indra Bhakta Shrestha started importing fabrics and other consumer products from Japan and Korea. In the same year, he started Nepal Enterprises (NE) with the help of his son Ravi Bhakta Shrestha to give momentum to his trading activities. Gradually, he expanded his b<img alt="" src="/userfiles/images/nn3.jpg" style="float:right; height:353px; width:100px" />usiness into the manufacturing sector. In 2039 BS, the group established a garment factory, Nepal Synthetic Industry, at Hetauda with an investment of Rs 30 million. Likewise, Everest Iron and Steel Industry was established in Biratnagar which closed down later.<br /> Today, NE Group is a prominent business house in Nepal. Unilever Nepal Limited(UNL), the largest FMCG manufacturer in Nepal, established in 1993 as the subsidiary of Hindustan Unilever Limited is one of NE’s key portfolios. The investment in Unilever Nepal was made through an investment company, Sibkrim Land and Industrial Company which was established in 1991. The entity was formed with a view to invest in real estate and various industries. It also has invested in the Soaltee Hotel Limited as well. In 1996, the group established the National Soap Industries, and the National Herbal and Pharmaceutical Industries in 2006. National Soap has also been working as an ancillary industry of UNL. The group further expanded its manufacturing arm by establishing National Ice Cream Industries in 2009.<br /> In 2008, the group entered into the health sector withLife Care Services followed by Super Religare Reference Labs in 2010. The group has a strong shareholding in Himalayan Bank and is also a promoter of United Insurance. NE Group partnered with CG Group to buy a 60 percent stake in Summit Hotel through an investment vehicle registered as R&R Heritage. It has another investment vehicle named R&R Hotels and Resorts which plans to operate a four-star hotel in Kathmandu by 2018.<br /> NE Group is still engaged in trading through a number of firms that were established over the decades. For instance, Agricon Trade Concern which was established in 1990 is active in general trading and the fertiliser business while Nepal Kirana Center is a distribution firm dealing with consumer products such as Nestle.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/nn2.jpg" style="height:539px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>In FY 2016/17, Unilever Nepal reported a turnover of Rs 4.4 billion with a net profit of Rs 965 million.In FY 2016/17, Unilever Nepal distributed Rs 1,270 dividend per share.</li> <li>In FY 2016/17, Unilever Nepal distributed Rs 1,270 dividend per share.</li> <li>Sibkrim Land and Industrial Pvt Ltd holds five percent stake in Unilever Nepal which has a paid-up capital of Rs 92,070,000.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Unilever Nepal is one of its key revenue generators</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Hotel chains of Soaltee in Pokhara and Chitwan.</li> <li>A four-star hotel in Kathmandu in a JV with CG</li> <li>Hydropower</li> <li>Medical laboratories</li> </ul> </div> <p><img alt="" src="/userfiles/images/nn4.jpg" style="height:520px; width:800px" /> </p> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7694', 'image' => '20180410030125_nn1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 2 => array( 'Article' => array( 'id' => '7912', 'article_category_id' => '217', 'title' => 'Nimbus Holdings', 'sub_title' => '', 'summary' => 'The father-son duo of Jagadish Prasad Agrawal and Ananda Bagaria started their business journey with Global Writing, a manufacturing company that produced ball-pens in the late nineties.', 'content' => '<p style="text-align:justify">The father-son duo of Jagadish Prasad Agrawal and Ananda Bagaria started their business journey with Global Writing, a manufacturing company that produced ball-pens in the late nineties. But the company failed and the father-son duo had to think of something else. Eventually,<img alt="" src="/userfiles/images/n3%286%29.jpg" style="float:right; height:343px; width:100px" /> they moved into livestock feed supplements that brought them tremendous success in a short span.<br /> In 1998, they founded Nimbus Holdings which initially focused on the import and distribution of consumer goods such as confectionary items and later moved into the import and distribution of soya cakes and maize. This shift towards the agribusiness sector led to the formation of Nimbus International in 2000. In its initial days, the company imported animal vitamins, vaccines and medicines from US and France-based MNCs. As experience about animal health and nutrition broadened, Nimbus International started a plant producing feed supplements. In 2004, the group established Probiotech Industries, the first pellet feed manufacturing unit in Nepal. The move was a turning point for the business group whose animal feed brand ‘Shakti’ started a gradual takeover of the market and today enjoys tremendous market share in Nepal. Probiotech is also the producer of Byanjan and Sunaulo Kiran edible oil brands which are gradually building their position in the market.<br /> Following the success with animal feed, it was time for the group to expand their footprint into other business activities. National Polyplast, a company that manufactures poly woven fabrics was established in 2000 and was later renamed as Progeochem Industries. The group further expanded into the LPG business by acquiring Samriddhi Gas Udhyog and Nepal Gas.<br /> Today, Nimbus is a leading agri-business company of Nepal that has strongly leveraged its distribution network in expanding the outreach of its products. Nimbus also aims to expand its Nimbus Krishi Sewa, a one-stop agri-centre, throughout the country that already has a presence in Kathmandu, Narayanghat and Birgunj.<br /> Ananda Bagaria is probably the only business person among the leading business houses of Nepal who does not see a problem in turning his company public which he plans to do in the immediate future. Bagaria believes that businesses aspiring to grow should deal with their fears over public shareholding and open up to the public.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/n2%287%29.jpg" style="height:1220px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>IFC and Global Agriculture and Food Security Program (GAFSP) invested USD 3.8 million in equity financing in Probiotech Industries in 2014.</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Holds around 25 percent of the market share in the feeds industry</li> <li>Annual Turnover: Rs 7 billion</li> <li>Net Worth: Rs 6 billion</li> </ul> <p><span style="font-size:16px"><strong>Key Revenue Generator </strong></span></p> <ul> <li>• Animal feeds and agri-processing industries</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Chemical industries - To go into production of water based paint raw material.</li> <li>Agro-processing:Grain Warehousing,Grain Resheet financing and Grain Banking</li> <li>Plastic Packaging: Planning to bring state-of-the-art technology for cement, grain and bags for end user customers.</li> <li>Processing: Pulse Mills and other ready to eat healthy snacks.</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>800 people</li> </ul> </div> <p> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7693', 'image' => '20180410024333_n1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 3 => array( 'Article' => array( 'id' => '7911', 'article_category_id' => '217', 'title' => 'Panchakanya Group', 'sub_title' => '', 'summary' => 'Pioneering the manufacturing of construction materials, Panchakanya Group is considered as a force to be reckoned with in the Nepali industrial fraternity. The group is the result of a vision and the ambition of its founder Prem Bahadur Shrestha and the hard work of his sons', 'content' => '<p style="text-align:justify">Pioneering the manufacturing of construction materials, Panchakanya Group is considered as a force to be reckoned with in the Nepali in<img alt="" src="/userfiles/images/PK2.jpg" style="float:right; height:433px; width:90px" />dustrial fraternity. The group is the result of a vision and the ambition of its founder Prem Bahadur Shrestha and the hard work of his sons. A 17 year old Prem Bahadur Shrestha, after rejecting a government job offer, decided to start a business of his own. His first venture was a potato farm in Fikkal of Ilam. However, it could not succeed. Then he came to Jhapa and began trading in rice and other items gradually achieving success. Afterwards he started a partnership business in timber in 2024 BS. With strong support from his brothers, the business turned out to become quite successful.<br /> In 1971, Shrestha established the Panchakanya Rice Mill in Jhapa which is considered as a stepping stone inthe formation ofthe Panchakanya Group. In 1981, he ventured into iron and steel manufacturing by establishing the Panchakanya Iron Industries at Kotihawa, Rupandehi. The primary idea behind starting the company in Rupandehi was to tap the opportunities in the unexplored market for iron and steel construction materials in the western part of Nepal. During the 1980s, Panchakanya Group diversified further by setting up a pipe, wire and a steel manufacturing industry in Bhairahawa. The group then planned to build industrial plants in the Kathmandu Valley.<br /> Today, the group has five plants in the Kathmandu Valley for manufacturing RMC (readymix concrete), stainless steel tanks, aggregates and furniture. In 1994, Panchakanya acquired Nepal Bitumen & Barrel Udhyog, a government owned company established in 1984, under the government’s privatisation programme.<br /> In 2002, Panchakanya Steel became the first company to manufacture TMT steel bars in Nepal. Post-2015 earthquake, Panchakanya started a manufacturing plant for structural galvanized-steel and light gauge steel, which is first such plant in Nepal.<br /> With its innovation in the steel industry, the number of industries under the flag of Panchakanya and its history of being a company with strong business repute, the group has today become a highly admired brand among the Nepalis.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/PK3.jpg" style="height:630px; width:800px" /></p> <p style="text-align:justify"><img alt="" src="/userfiles/images/pk4.jpg" style="height:421px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>The group has successfully carried out many construction projects, within and outside the country, in joint ventures with foreign companies, mostly from the People’s Republic of China.</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2000 people</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Steel and iron</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Expansion of its core business and network expansion</li> </ul> </div> <p><img alt="" src="/userfiles/images/PK.jpg" style="height:792px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7692', 'image' => '20180410011928_PK1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 4 => array( 'Article' => array( 'id' => '7910', 'article_category_id' => '217', 'title' => 'Prabhu Group', 'sub_title' => '', 'summary' => 'Prabhu’s emergence as a leading business sector has been recent. But its growth has been quite swift. Prabhu Group has a strong presence in the financial sector with a first class commercial bank to its name along with a life and a general insurance company and a money transfer and a payment company.', 'content' => '<p style="text-align:justify">Prabhu’s emergence as a leading business sector has been recent. But its growth has been quite swift. Prabhu Group has a strong presence in <img alt="" src="/userfiles/images/p3%282%29.jpg" style="float:right; height:291px; width:150px" />the financial sector with a first class commercial bank to its name along with a life and a general insurance company and a money transfer and a payment company.<br /> The emergence of the Prabhu brand started after the formation of Prabhu Travels, a travel agency formed in 1990. Devi Prakash Bhattachan, the chairman of the Prabhu Group, is the man behind the group of companies with the brand name Prabhu.<br /> In 2001, the group started Prabhu Finance and Prabhu Investment Company. Prabhu Group rose to prominence after the Prabhu Development Bank (which was upgraded from Prabhu Finance) merged with Kist Bank, Gaurishankar Development Bank and Zenith Finance Ltd to form Prabhu Bank. This was in 2014. So far, eight financial institutions have been merged into Prabhu Bank. <br /> Prabhu Group has since intensified its business expansion. In 2014, Prabhu Technology was established which later became the first company to receive a license from the central bank for mobile payments. In 2015, Prabhu group acquired a 55 percent stake in Muktinath Airlines and transformed it into Prabhu Helicopters. In 2016, Prabhu Group acquired Growmore Merchant Bank and converted it into Prabhu Capital. In late 2017, Prabhu Life Insurance came into existence. The group already has a general insurance company under its wing. <br /> The group has also been undertaking money transfer services through Prabhu Money Transfer since 2002. A Malaysia-based Prabhu Money Transfer was established in 2007 which was acquired by Telenor Group in May 2016. The group also comprises of a US-based financial service providing company, Prabhu Group Inc. which is led by the chairman’s daughter Shikshya Bhattachan.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/p2%282%29.jpg" style="height:1558px; width:800px" /></p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Remittance</li> <li>Banking</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Terrestrial TV businesses</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2500 PEOPLE</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Prabhu Bank posted a net profit of Rs 1.75 billion in the fiscal year 2016-17.</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7691', 'image' => '20180410115818_p1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 5 => array( 'Article' => array( 'id' => '7909', 'article_category_id' => '217', 'title' => 'Saakha Group', 'sub_title' => '', 'summary' => 'In the 1950s, Ram Bhakta Saakha, the father of Ganesh Bhakta Saakha, was a Bhaktapur-based trader who traded in clothing, edible oils, coconuts and thread. After one hundred years in trade and business, Saakha Group can be considered as one of the oldest business houses of Nepal.', 'content' => '<p style="text-align:justify">In the 1950s, Ram Bhakta Saakha, the father of Ganesh Bhakta Saakha, was a Bhaktapur-based trader who traded in clothing, ed<img alt="" src="/userfiles/images/Clipboard06%287%29.jpg" style="float:right; height:401px; width:100px" />ible oils, coconuts and thread. After one hundred years in trade and business, Saakha Group can be considered as one of the oldest business houses of Nepal. To build on the company’s traditional business activities, Ram Bhakta Saakha sent his son to Mumbai (then known as Bombay) to study business. Upon his return from Mumbai, Ganesh Saakha started importing adhesive glues for industrial use in Nepal and further imported dyes and chemicals. At times, Ganesh Saakha also imported shoes, cloths and umbrellas from China but with the increase in demand for industrial intermediary goods, he decided to establish Nepal Polycal Industries. The establishment of the industry in 2035 BS in Hattisar marked the beginning of Saakhas as a business house in Nepal.<br /> In the 1980s, Saakha Group entered into garment production but the business declined in the mid-2000s and the group had to withdraw from it. In 1983, the group established Nepal Paints Pvt. Ltd. in technical collaboration with a Korean franchise. Later, their Saakha Metal Industries started the production of non-ferrous metal sheets and circles (copper, brass, and aluminium sheets) which are primarily used in the production of utensils. In 1995, Saakha Steel Industries was founded which produced ToR-steel using a Luxemburg-based franchise. 15 years later, the company upgraded its plant to produce TMT bars. Today, it is one of the leading Nepali steel manufacturers. Ganesh Bhakta Saakha believes that his life as an industrialist actually started from 2041 BS onwards after his venture into large scale industries such as Nepal Paint Industries, Saakha Metal Industries and Unisa Polychem Industries.<br /> In 2001, the group bought a 33 percent stake in Chemidrug Industries which is one of the oldest Nepali pharmaceuticals established in the 1970s. Saakha Group is also engaged in the import of automobiles, dyes and chemicals, solar products and prefab houses. Real estate, finance and education are other areas of business where Saakha Group has investments.</p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>4-star hotel</li> <li>Insurance company</li> </ul> </div> <p><img alt="" src="/userfiles/images/Clipboard07%284%29.jpg" style="height:504px; width:800px" /></p> <p><img alt="" src="/userfiles/images/Clipboard08%286%29.jpg" style="height:856px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7690', 'image' => '20180410114454_Clipboard09.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 6 => array( 'Article' => array( 'id' => '7908', 'article_category_id' => '217', 'title' => 'Sanima Group', 'sub_title' => '', 'summary' => 'Sanima Group comprises companies which are operational in Nepal and other countries of the world. These companies are run by prominent non-resident Nepalis (NRNs) residing in different parts of the globe. Arun Kumar Ojha, Tek Raj Niraula and Jiba Lamichhane are the key NRNs who are heading different companies under the umbrella of Sanima Group.', 'content' => '<p style="text-align:justify">Sanima Group comprises companies which are<img alt="" src="/userfiles/images/sann.jpg" style="float:right; height:159px; width:450px" /> operational in Nepal and other countries of the world. These companies are run by prominent non-resident Nepalis (NRNs) residing in different parts of the globe. Arun Kumar Ojha, Tek Raj Niraula and Jiba Lamichhane are the key NRNs who are heading different companies under the umbrella of Sanima Group. The group has major investment in hydropower and banking sector while its portfolio also expands to the insurance, health and media and communication sectors. The seeds of Sanima Group of Companies were sowed in the former Soviet Russia when Ojha, Niroula and Lamichhane joined hands to start a business. The three men had gone to Russia in the 1980s to pursue their higher studies. They were also engaged in business activities apart from studies. Arun Ojha and Tek Raj Niraula used to run an electrical business in Moscow while Lamichhane who migrated to Russia in 1986 worked as a dealer for Sony, LG and Samsung brands in Russia during his initial days as a businessman. The trio combined their businesses and academic expertise and turned into millionaires with business setups in foreign land.</p> <p style="text-align:justify"> In 1999, they founded the Sanima Hydropower Limited in Nepal, the first company of the Sanima Group, that constructed the 2.6 MW Sunkoshi Small Hydropower Project. Their investment efforts were complimented by Belarus-Russian entrepreneurs including Dr Upendra Mahato, Khem Lamichhane, Binaya Kumar Shrestha, Dr Niraj Govind Shrestha, Olga Ojha, Ram Krishna Shah and Ghanashyam Thapa. Afterwards, the group formed Sanima Hydro, a group of private and public companies with investments from NRNs. After the successful implementation of the Sunkoshi Small Hydropower Project, the group established multiple special purpose vehicles and invested in multiple hydropower projects with a total generation capacity of over 100 MW. The companies under Sanima Hydro include, Sanima Hydropower Limited, Sanima Middle Tamor Hydropower Ltd, Sanima Hydro and Engineering Pvt Ltd, Tamor Sanima Energy Pvt Ltd, Swet Ganga Hydropower and Construction Ltd and Sanima Hydro and Engineering Pvt Ltd (SHEPL).</p> <p style="text-align:justify">In 2004, the group forayed into financial services with the establishment of Sanima Bank which started as a national level development bank. A decade later, the development bank was upgraded to a commercial bank which has been a key milestone for the group. Sanima Group of Companies now comprises a life insurance company, Sanima Life Insurance, while a general insurance company is all set to begin operation in April.</p> <p style="text-align:justify"><img alt="" src="/userfiles/images/sann3.jpg" style="height:1579px; width:800px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>SHEPL is a joint venture between Sanima Hydro and Hydroplan, a UK-based hydropower consulting company</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>28 MW Lower Likhu Hydropower Project (Power Purchase Agreement with the government executed)</li> <li>Middle Tamor Hydropower Project (54 MW)</li> <li>Mailung hydropower under study.</li> <li>Sanima General Insuranc</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1000 people</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-10', 'modified' => '2018-04-10', 'keywords' => '', 'description' => '', 'sortorder' => '7689', 'image' => '20180410113131_sann2.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 7 => array( 'Article' => array( 'id' => '7905', 'article_category_id' => '217', 'title' => 'Shanker Group', 'sub_title' => '', 'summary' => 'After testing his efforts in trading, Rawat Mal Golyan established a button factory called the Sau Udyog in Nepal in 1960. Although it didn’t prove successful, it was a first step towards the making of a business group that would own multiple industries later.', 'content' => '<p style="text-align:justify">After testing his efforts in trading, Rawat Mal Golyan established a button factory called the Sau Udyog in Nepal in 1960. Although it didn’t<img alt="" src="/userfiles/images/sg3.jpg" style="float:right; height:443px; width:90px" /> prove successful, it was a first step towards the making of a business group that would own multiple industries later. Golyan was originally from Myanmar and arrived in Nepal exploring business opportunities. After the failure of the button factory, Golyan returned to trading.<br /> Shanker Lal Agrawal, the youngest son of Rawat, whose initial exposure was in the fabric business continued his father’s business and established Shanker Group in 1979. During the mid 1980s, Agrawal started trading in ball bearings representing various international brands. The group has now over 30 companies under its umbrella spanning a range of sectors including mining, cement, steel, synthetics, textiles, FMCG, trading and, insurance, capital market, real estate and hospitality. The group’s momentum in manufacturing gained speed after establishing Jagdamba Steels in 1994 and Jagdamba Cement in 2001. It was followed by a plastic yarn manufacturing company Jagdamba Synthetics and pipes, tubes and TMT bars manufacturer Jagdamba Enterprises in 2001. Jagdamba Entreprises has been the authorised distributor of Tata Steelium for Nepal since 2006.<br /> In 2014, Shanker Group partnered with Ambe Group and initiated a USD 60 million cement project, Riddhi Siddhi Cement. Likewise, the group has recently marked its entry into the hospitality sector with a luxury hotel, DoubleTree by Hilton which is currently under construction at Naxal, Kathmandu. DoubleTree by Hilton is a chain of Hilton Hotels and Resorts which is among the largest hotel chains in the world.</p> <p style="text-align:justify"> </p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>The cement, plastic and textile units of Shanker Group are JVs with Saurabh Group</li> <li>Riddhi Siddhi Cement is a JV with Ambe Group</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Estimated annual turnover is NRs 70 billion that the group plans to grow to Rs 100 billion.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Manufacturing units - steel, cement, plastics, textiles and FMCG industries</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Double Tree by Hilton Hotel at Naxal</li> <li>Riddhi Siddhi Cement at Hetauda</li> <li>A large scale cement plant in eastern part of Nepal and a Jagdamba Cement plant at Bhairahawa</li> <li>Hydropower projects such as Madi and Balefi hydropower projects</li> <li>TVS assembly plant in Birgunj</li> <li>Expansion of steel plant</li> <li>Alcohol beverage plant installation is ongoing</li> <li>Real estate investments including business complexes</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,200 people</li> </ul> </div> <p><img alt="" src="/userfiles/images/sg2.jpg" style="height:1973px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7686', 'image' => '20180409043739_sg1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 8 => array( 'Article' => array( 'id' => '7904', 'article_category_id' => '217', 'title' => 'Sharda Group', 'sub_title' => '', 'summary' => 'More than six decades ago, Duli Chandra Sharda set up a rice mill in Lahan namely Pashupati Rice Mill. It was this rice mill that built a base for the establishment of Sharda Group. Prior to that, Duli Chandra Sharda and his father were Lahan-based small traders who traded in rice, jute, mustard seeds etc. ', 'content' => '<p>More than six decades ago, Duli Chandra Sharda set up a rice mill in Lahan namely Pashupati Rice Mill. It was this rice mill that built a base<img alt="" src="/userfiles/images/ss3%283%29.jpg" style="float:right; height:576px; width:90px" /> for the establishment of Sharda Group. Prior to that, Duli Chandra Sharda and his father were Lahan-based small traders who traded in rice, jute, mustard seeds etc. Back then, farmers and traders travelled to India with their paddy. Lack of a rice mill in the Terai region encouraged Duli Chandra to set up a rice mill in Lahan. There was no looking back after that. In the subsequent years, he added three more rice mills in Lahan, three more in other parts of Siraha district and one in Janakpur. They also opened a sugar mill which unfortunately failed but their oil mill business succeeded.<br /> Later, the sons of Duli Chandra, established two rolling mills in Nepal, Everest Iron and Steel Industry in Biratnagar and Hetauda Iron Industries in Hetauda. Following the establishment of the rice mill and iron and steel industry, the family went into more industries such as solvent extraction, oxygen plant and ghee manufacturing and plants. The group manufactured wire and cables, flour, lentil, and noodle and shoe, carpet and grain spirit.<br /> In 2000, Sharda Group, in a joint venture with Jaju Group, established Asian Thai Food which is the producer of noodle brands such as Rumpum, Preeti and 2PM. Twelve years later, the two groups started another joint venture as Asian Biscuit and Confectionary. The confectionary group started producing Goodlife brand of biscuits in 2014.<br /> In 2006, the group entered the cement industry establishing Shivam Cement. In 2017, the group signed a joint venture with China’s Hongshi Group and established Hongshi-Shivam Cement. The joint venture project is valued at USD 359 million and is expected to be operational by 2018. The group has also entered the hydropower sector with Ridi Hydropower while there are other hydropower projects in the pipeline too. The group is a leading promoter at Kumari Bank and is present in NMB Bank and Sunrise Bank too. Pioneer Motocorp, a subsidiary of the group, represents Datsun in Nepal.</p> <p><img alt="" src="/userfiles/images/ss2%285%29.jpg" style="height:722px; width:800px" /></p> <p> </p> <p> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Pashupati Rice and Oil Mills Pvt. Ltd. (Four decades in operation)</li> <li>Atlas Pet Plastic Industries</li> <li>Premier Polymers</li> <li>PashupatiSynpack Industries</li> <li>Nutri-foods</li> <li>Shivam Cement</li> <li>Cosmic Homecare</li> <li>Asian Thai Foods</li> <li>Asian Biscuit and Confectionery</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Shivam Cement is a joint venture company with a Chinese company (Hongshi Group) as a joint venture partner.</li> <li>Asian Thai Foods and Snacks and Asian Biscuit and Confectionary are two different JVs, both between the Sharda Group and Jaju Group.</li> </ul> <p> </p> </div> <p><img alt="" src="/userfiles/images/ss5.jpg" style="height:1324px; width:804px" /></p> <p><img alt="" src="/userfiles/images/ss4%282%29.jpg" style="height:782px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7685', 'image' => '20180409040835_ss1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 9 => array( 'Article' => array( 'id' => '7901', 'article_category_id' => '217', 'title' => 'Siddhartha Rana Group', 'sub_title' => '', 'summary' => 'Prabhakar SJB Rana, the Chairman Emeritus of Soaltee Crowne Plaza, has been engaged in a number of sectors particularly hospitality, trade, automobiles and hydropower. ', 'content' => '<p style="text-align:justify">Prabhakar SJB Rana, the Chairman Emeritus of Soaltee Crowne Plaza, has been engaged in a number of sectors particularly hospitality, trade, automobiles and hydropower. Soaltee Hotel, founded in 1967 and later managed by Oberoi Hotel group in 1969, turned into a public limited company in 1975 after Soaltee Enterprises, Nepal Industrial Development Corporation, International Finance Corporation, Oberoi Hotels, Nepal Airlines Corporation and the public bought its stakes. The public limited company now owns the Soaltee Crowne Plaza. Only a few months ago, the Soaltee Hotel Limited expanded its portfolio with a four-star hotel namely Soaltee Westend Premier Hotel in Nepalgunj.<br /> In 1982, Prabhakar Rana established Sipradi Trading Pvt. Ltd. which became the exclusive distributor of Tata Motors Ltd. for Nepal in the same year. Meanwhile, Sipradi Energy, a company under Sipradi group of companies, represents Exide batteries and Luminous inverters. Apart from Sipradi, the Rana group has significant investments in manufacturing and hydropower. In 1986, Surya Nepal Pvt. Ltd., an Indo-Nepal-UK joint venture was established which manufactures the Surya brand of cigarettes, a best-selling cigarette brand in Nepal. Apart from the tobacco business, the company is engaged in the business of safety matches, incense and readymade garments.<br /> In 1996, Bhote Koshi Power Company was added to the Rana’s group of businesses. The power company owns the 45 MW Upper Bhote Koshi hydro power project which is the first privately funded run of the river hydropower project in Nepal. Together with Soaltee Enterprises and Surya Enterprises, the investment companies through which the Rana family has made investments, the Rana group also has engagements in other businesses such as travel, transport and shipping, tea processing and private equity management.<br /> With the growing and ever expanding business, Siddhartha SJB Rana (son of Prabhakar SJB Rana) who currently looks after the entire business operations has been often named as the top individual income taxpayer in Nepal, while Surya Nepal has often made it to the list of the top 10 tax paying enterprises. In addition, Sipradi Trading is amongst the highest tax-paying trading enterprises in Nepal bagging the award in 2014, 2015 and 2016. Although the group of businesses doesn’t have an official group name, it is believed that they prefer the name Siddhartha Rana Group. </p> <p style="text-align:justify"><img alt="" src="/userfiles/images/s2%288%29.jpg" style="float:right; height:1466px; width:800px" /><img alt="" src="/userfiles/images/s3%287%29.jpg" style="float:right; height:333px; width:90px" /></p> <p style="text-align:justify"> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Surya Nepal Pvt. Ltd. is an Indo-Nepal-UK joint venture. It is a subsidiary of ITC Limited, India. The balance shares are held by Nepali individuals and corporate shareholders and British American Tobacco (Investment) Limited, UK.</li> <li>Soaltee Crowne Plaza is a joint venture between Soaltee Enterprises and Sibkrim Land and Industrial Company, a subsidiary company of the NE Group.</li> <li>Bhotekoshi Power Company is a Nepal-US joint venture with Himal International Energy Pvt. Ltd. (HIEPL), Himal International Power Corp Pvt. Ltd. (HIPC), Tara Fund Pvt. Ltd. (TFPL) and RDC of Nepal (RDC/N) as its shareholders. While HIEPL, HIPC and TFPL are Nepali companies, RDC/N is a company jointly owned by two US companies: MWH International, Inc. (MWH) and Harza International Development Company, LLC (Harza)</li> <li>Gorkha Lawrie is a joint venture with British company Lawrie Group PLC.</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Sipradi Trading</li> <li>Surya Nepal</li> <li>Bhote Koshi Hydropower Project</li> <li>Soaltee Hotel</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Luxury resort in Pokhara under the brand name of Soaltee Hotel.</li> <li>Five-star hotel in 45 ropanis of land at Rabibhawan under Surya Enterprises</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>1,400 people (Sipradi has 750 employees + 650 support staff)</li> </ul> <p><span style="font-size:16px"><strong>Financials</strong></span></p> <ul> <li>Annual Revenue: Sipradi Group of companies is estimated to have revenue over USD 350 million.</li> </ul> </div> <p><img alt="" src="/userfiles/images/s4%289%29.jpg" style="height:996px; width:800px" /> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7682', 'image' => '20180409034007_s1.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 10 => array( 'Article' => array( 'id' => '7898', 'article_category_id' => '217', 'title' => 'Triveni Group', 'sub_title' => '', 'summary' => 'Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. ', 'content' => '<p>Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. The trading wing has 11 branches across Nepal.</p> <p>The group’s emergence occurred post 1990 after it extended its manufacturing arm to different areas. Triveni Synthetic Yarn Industries was established in 1990 followed by Triveni Spinning Mills in 1992. The group then extended its manufacturing arm with a textile plant in 1996, two packaging plants in 1997 and a plasto polymer plant in 1998. In 2000, Triveni Group took over the state-owned Nepal Tea Development Corporation (NTDC) on a lease agreement for 50 years. Tokla is one of the popular tea brands in Nepal that is produced by the NTDC.</p> <p>The group entered cement production with Shree Pashupati Cement in 2002. The next year, it added another cement plant, Vishwakarma Cement Pvt Ltd. In 2009, Triveni Group established Ghorahi Cement Industry Pvt Ltd in partnership with Vishal Group. The group also runs Kapilvastu Cement. In addition, the group is engaged in coal and limestone extraction in different mines in western region of Nepal. In 2010, the group started Triveni Feed Industries.<br /> The same year, the group ventured into the retail sector with a retail chain named Big Mart. The group also runs NLIC City Centre, a shopping mall in Kathmandu with a multiplex named Big Movies.</p> <p>As with most of the business houses,<br /> Triveni Group has a considerable presence in the financial sector. The group is the promoter of banks such as NIC Asia and NMB Bank and insurance companies, Nepal Life Insurance Company (NLIC) and Prudential Life Insurance.</p> <p>Triveni Group started its journey with trading activities in 1920. The group considers trading as its spine which contributed to its growth in many sectors. Triveni Byapar is the trading wing of the Triveni Group handling international FMCG, consumer durables and electronic brands such as Panasonic, Motorola, Fuji Film, Samsung, Yasuda, Sansui, Symphony, Crompton, Opple and Roland and boasts of a large distribution network. Earlier, Triveni Byapar imported products such as Konica reels, TDK Cassettes, Panasonic cameras, video cameras and other similar products, which with time became obsolete. The trading wing has 11 branches across Nepal.</p> <p>The group’s emergence occurred post 1990 after it extended its manufacturing arm to different areas. Triveni Synthetic Yarn Industries was established in 1990 followed by Triveni Spinning Mills in 1992. The group then extended its manufacturing arm with a textile plant in 1996, two packaging plants in 1997 and a plasto polymer plant in 1998. In 2000, Triveni Group took over the state-owned Nepal Tea Development Corporation (NTDC) on a lease agreement for 50 years. Tokla is one of the popular tea brands in Nepal that is produced by the NTDC.</p> <p>The group entered cement production with Shree Pashupati Cement in 2002. The next year, it added another cement plant, Vishwakarma Cement Pvt Ltd. In 2009, Triveni Group established Ghorahi Cement Industry Pvt Ltd in partnership with Vishal Group. The group also runs Kapilvastu Cement. In addition, the group is engaged in coal and limestone extraction in different mines in western region of Nepal. In 2010, the group started Triveni Feed Industries.<br /> The same year, the group ventured into the retail sector with a retail chain named Big Mart. The group also runs NLIC City Centre, a shopping mall in Kathmandu with a multiplex named Big Movies.</p> <p>As with most of the business houses,<br /> Triveni Group has a considerable presence in the financial sector. The group is the promoter of banks such as NIC Asia and NMB Bank and insurance companies, Nepal Life Insurance Company (NLIC) and Prudential Life Insurance.</p> <p><img alt="" src="/userfiles/images/1%2818%29.jpg" style="float:left; height:1795px; width:800px" /></p> <p> </p> <p><img alt="" src="/userfiles/images/2%2812%29.jpg" style="float:right; height:993px; width:125px" /></p> <p> </p> <p> </p> <p> </p> <p><img alt="" src="/userfiles/images/3%2814%29.jpg" style="height:488px; width:800px" /></p> <p> </p> <p> </p> <p> </p> <p> </p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Trading</li> <li>Manufacturing industries such as cement, yarn, tea and textiles, feed etc.</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>52 MW Likhu-4 Hydropower Project</li> <li>Expansion of retail chain Big Mart across Nepa</li> <li>25 MW Balefi Hydropower Project</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Green Ventures Pvt Ltd is a JV between Bhilwara Energy Ltd, India and Triveni Group, Nepal</li> </ul> <p><img alt="" src="/userfiles/images/Clipboard14%2810%29.jpg" style="float:left; height:140px; width:910px" /></p> <p> </p> <p> </p> </div> <p> </p> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7679', 'image' => '20180409023804_111.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 11 => array( 'Article' => array( 'id' => '7894', 'article_category_id' => '217', 'title' => 'Universal Group', 'sub_title' => '', 'summary' => 'Late Noor Pratap Rana, the founder of Universal Group, is considered a pioneer in the Nepali footwear industry. Noor stepped into the footwear industry in the 1970s. In the early 80s, the group established a factory in Hetauda and started producing ‘Hathi’ brand slippers.', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard04%284%29.jpg" style="float:right; height:293px; margin:5px; width:90px" />Late Noor Pratap Rana, the founder of Universal Group, is considered a pioneer in the Nepali footwear industry. Noor stepped into the footwear industry in the 1970s. In the early 80s, the group established a factory in Hetauda and started producing ‘Hathi’ brand slippers. A catchphrase used to promote the brand “Hathi Baliyo ki Hathi Chap Chappal” became famous in the decades to come. </p> <p style="text-align:justify">Rana is believed to have introduced the first pair of slippers manufactured in Nepal. Later, Noor founded the brand Goldstar in the nineties. Today, it has become Nepal’s premium footwear brand known for its quality, durability and design and is produced in two factories in Kathmandu, Shankha Park and Balaju, and majorly exported to India. Today, the group produces Goldstar brand shoes under Kiran Shoes Manufacturer and Hathichhap brand sandals under Modern Slipper Industry. Both brands are exported to South Asian markets. In the year 2013, the government felicitated Kiran Shoes as the highest taxpayer in the export category.</p> <p style="text-align:justify">Earlier, Noor started his business career trying his hands in the transport business in Bhairahawa. His breakthrough came when he started producing metal strings by importing Mica but it was his journey into the footwear industry that got him his major success. Afterwards, the group stepped into the dairy industry by establishing Integrated Dairy and Agro Products Pvt Ltd in 2004. The company is the producer of milk brand ‘Anmol’. The group is one of the major promoters of Kumari Bank, NMB Bank and Shikhar Insurance Co.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard03%289%29.jpg" style="height:1502px; 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>Estimated annual turnover of Rs 15 billion</li> </ul> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>2,850 people</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>Universal Elder Pharmaceutical Pvt Ltd is a JV with Elder Pharmaceuticals Ltd India</li> </ul> <p><span style="font-size:16px"><strong>Planned Investment</strong></span></p> <ul> <li>Expand the verticals of footwear industry and go extensively on different variants with new designs. Planning to introduce new variants such as safety boots, utility, lifestyle and school shoes and shoes used by security forces. </li> <li>Opening a shoe factory in Bhairahawa</li> </ul> <p><span style="font-size:16px"><strong>Key Revenue Generator</strong></span><br /> Footwear companies especially Kiran Shoes Manufacturer</p> </div> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7675', 'image' => '20180409104456_Clipboard01.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 12 => array( 'Article' => array( 'id' => '7893', 'article_category_id' => '217', 'title' => 'Vishal Group', 'sub_title' => '', 'summary' => 'It was during the 1940s that the seeds of Vishal Group, a business group owned by an Agrawal family, were sown with the establishment of a fabric shop in Dharan. The Agrawal family was led by Gordhandas Agrawal who traded cloths in Dharan, after having moved from Ilam. ', 'content' => '<p style="text-align:justify"><img alt="" src="/userfiles/images/Clipboard80.jpg" style="float:right; height:494px; margin:5px; width:100px" />It was during the 1940s that the seeds of Vishal Group, a business group owned by an Agrawal family, were sown with the establishment of a fabric shop in Dharan. The Agrawal family was led by Gordhandas Agrawal who traded cloths in Dharan, after having moved from Ilam. The family continued its sole focus on trading for the next few decades, and primarily on textile imports from India. Later, they started importing textiles from China as well. </p> <p style="text-align:justify">Their progression into international trade, apart from India and China, started gradually as a trader of a range of industrial inputs and international FMCG brands for Nepal. Today, the group imports industrial inputs such as raw materials, semi finished goods and machineries and FMCG products from companies such as Procter and Gamble (P&G), DIAGEO, United Biscuits, Tabasco, Moet & Hennessy, Mentholatum and Orion, which in total accounts to international companies spread across 40 countries and leveraging its wide distribution network for their distribution throughout the country. For this reason, the group considers their engagement in trading and brand representation as one of its key strengths. </p> <p style="text-align:justify">As the trading business thrived, Vishal Group started diversifying into multiple sectors during the 1980s. In 1987, they established Kamala Iron Industry which was later converted into Kamala Rolling Pvt Ltd. At the same time, the group was also engaged in manufacturing batteries. In the 1990s, they established a toothpaste manufacturing factory. The group also has a steel factory under its wing namely Mainawati Steel. </p> <p style="text-align:justify">The group took another step towards further diversification, entering the financial sector in the mid 1990s to consolidate its position as a leading business house of Nepal. Today, Vishal Group is a prominent name in the financial sector, with a strong presence in the banking and insurance sector. The group joined a pool of investors and established NIC Bank in 1997 as a lead promoter which later merged with Bank of Asia to become the current NIC Asia Bank. Post merger, NIC Asia became one of the largest banks of Nepal. The group is also a leading promoter of NMB Bank. It stepped into the insurance sector in the year 2000 promoting Life Insurance Corporation (LIC) Nepal Ltd and Prudential General Insurance Company. The group has also forayed into the education sector by promoting Delhi Public School based in Biratnagar and Kathmandu and as a partner at Ace Institute of Management. It also has its presence in the automobile industry representing Volkswagen (Germany), Suzuki Motorcycle India Pvt Ltd and Kobelco Construction Machinery.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard78.jpg" style="height:376px; width:800px" /></p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard72%282%29.jpg" style="height:1103px; width:800px" /></p> <div style="background: rgb(230, 230, 250); padding: 10px;"> <p><span style="font-size:16px"><strong>Employment</strong></span></p> <ul> <li>10,000 people</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Education sector in the area of management, medical and training institutes </li> <li>Hydropower projects</li> </ul> <p><span style="font-size:16px"><strong>Key Business</strong></span></p> <ul> <li>Trading and brand representation</li> <li>Banking and insurance sector</li> <li>Iron and steel industry</li> </ul> <p><span style="font-size:16px"><strong>Joint Venture</strong></span></p> <ul> <li>LIC (Nepal) Ltd is a JV between Life Insurance Corp of India and Vishal Group</li> <li>Care Rating Nepal is a JV between CARE Ratings Limited (India), an international credit rating institution, Vishal Group, Emerging Nepal Ltd, Nepal Reinsurance Company Limited, Global IME Bank Limited, Prudential Insurance Company Ltd and Life Insurance Corporation Nepal Ltd</li> <li>NMB Bank is a JV with FMO, a Netherlands-based development bank</li> <li>Kathmandu and Biratnagar based Delhi Public School are franchises of Delhi Public School Society of India</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7674', 'image' => '20180409102851_Clipboard77.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ), (int) 13 => array( 'Article' => array( 'id' => '7892', 'article_category_id' => '217', 'title' => 'Vaidya Organization of Industries and Trading Houses (VOITH)', 'sub_title' => '', 'summary' => 'After completing his master’s degree in economics from Calcutta University in India, Vijaya Gajananda Vaidya returned to Nepal where he worked as a gazetted officer for the then Ministry of Foreign Affairs for two years and then switched to United States Agency for International Development (USAID) ', 'content' => '<div class="content-wrapper" style="box-sizing: border-box; padding-left: 10px;"> <div class="highlight-column" style="box-sizing: border-box; width: 200px; padding: 5px; float: right; clear: left; margin-left: 5px; margin-top: 5px; margin-bottom: 5px; text-align: center; background: rgb(230, 230, 250);"> <p><span style="font-family:helvetica neue,helvetica,arial,sans-serif; font-size:14.84px"><img alt="Suraj Vaidya, Chairman, Vaidya Organization of Industries and Trading Houses (VOITH)" src="/userfiles/images/Clipboard67%284%29.jpg" style="height:254px; width:190px" /></span><strong>Suraj Vaidya</strong><br /> Chairman <br /> Vaidya Organization of Industries and Trading Houses (VOITH)</p> </div> </div> <p>After completing his master’s degree in economics from Calcutta University in India, Vijaya Gajananda Vaidya returned to Nepal where he worked as a gazetted officer for the then Ministry of Foreign Affairs for two years and then switched to United States Agency for International Development (USAID) where he worked for around five years. He worked another year for a Washington-based research institute and that was the end of his career as an employee. </p> <p>At the age of 29 with USD 700 in his pocket, Vaidya invested the amount in establishing United Traders Syndicate (UTS) that became the sole distributor of Toyota Motors in Nepal. Back then, UTS introduced the Toyota Corona Saloon in 1969 and Corolla in 1973. In the early 2000s, UTS introduced the Hiace brand of passenger vehicles in Nepal. With five decades in Nepal, the Toyota brand has won the hearts of Nepalis for its quality and durability and has solidified VOITH’s reputation in the automobile industry. On the other hand, Agni Incorporated, another subsidiary company of VOITH, is the authorised distributor of Mahindra & Mahindra vehicles in Nepal. The Indian automobile is gradually becoming a favourite four-wheeler brand in Nepal. </p> <p>Apart from automobiles, VOITH has diversified into agro processing, tea, construction, feed production, insurance, animal husbandry and technical education. VOITH has had a robust presence in the tea industry since 1999 with subsidiary companies such as Guranse Tea Estate, Mai-Ilam Guranse Tea Industries and Nirvana Tea Processing and Packaging producing, storing, processing and exporting high quality Nepali orthodox tea. VOITH’s portfolio also includes the insurance sector with Suraj Vaidya as one of the promoters of Lumbini General Insurance Company.</p> <p style="text-align:center"><img alt="" src="/userfiles/images/Clipboard71%283%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>Nepal Wellhope Agri-Tech Private Limited is a JV between VOITH and China’s Liaoning Wellhope Agritech Company</li> <li>Serving Minds Private Limited is a joint venture between VOITH and the Mercantile Group </li> </ul> <p><span style="font-size:16px"><strong>Financials </strong></span></p> <ul> <li>VOITH’s estimated annual turnover is approximately Rs 20 billion.</li> </ul> <p><span style="font-size:16px"><strong>Key Business </strong></span></p> <ul> <li>Agri based businesses such as tea</li> <li>Trading of four-wheelers</li> </ul> <p><span style="font-size:16px"><strong>Planned Investments</strong></span></p> <ul> <li>Tourism (Resort)</li> <li>IT</li> <li>Alternative Energy</li> <li>Automobile parts</li> <li>Education</li> <li>Electric Bicycle Assembly Plant</li> </ul> </div> ', 'published' => true, 'created' => '2018-04-09', 'modified' => '2018-04-09', 'keywords' => '', 'description' => '', 'sortorder' => '7673', 'image' => '20180409102505_Clipboard70.jpg', 'article_date' => '2018-04-01 00:00:00', 'homepage' => true, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '11' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
