Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]
Code Context
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			'id' => '7926',
			'article_category_id' => '1',
			'title' => 'Gaindakot Branch of NIC Asia Bank',
			'sub_title' => '',
			'summary' => 'April 11: NIC Asia Bank has opened its branch at Congresschowk of Gaindakot Municipality-4 as per its aim to extend banking service at different places across the country.',
			'content' => '<p>April 11: NIC Asia Bank has opened its branch at Congresschowk of Gaindakot Municipality-4 as per its aim to extend banking service at different places across the country.</p>

<p>The branch was jointly inaugurated by the Mayor of Gaindakot Municipality, Chatra Raj Poudel and the bank&#39;s <strong>board member</strong> Rajendra Prasad Aryal amid a function on Tuesday, April 10. The bank informed that the branch will benefit the local people in conducting financial transaction. The bank believes that the new branch will help to contribute in local business.</p>
',
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			'id' => '7925',
			'article_category_id' => '1',
			'title' => 'Everest Bank Unveils New Year Calendar',
			'sub_title' => '',
			'summary' => 'April 11: Everest Bank has unveiled its calendar for the upcoming year 2075. ',
			'content' => '<p>April 11: Everest Bank has unveiled its calendar for the upcoming year 2075. The bank&#39;s Chairman BK Shrestha unveiled the new calendar amid a function on Tuesday, April 10.</p>

<p>At present, the bank has been providing banking services through its network of 80 branches, seven extension counters, 28 revenue collection centers and 113 ATM outlets.</p>
',
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			'id' => '7924',
			'article_category_id' => '1',
			'title' => 'Kumari Supports Construction of Cow Shelter',
			'sub_title' => '',
			'summary' => 'April 10: Kumari Bank, which is celebrating its 17th anniversary, has conducted numerous social works through all of its branches. ',
			'content' => '<p>April 10: Kumari Bank, which is celebrating its 17<sup>th</sup> anniversary, has conducted numerous social works through all of its branches. The bank also supported for repairing of temples and construction of a cow shelter in Godawaridham in Dhangadhi on this occasion.</p>

<p>Dhangadhi and Attariya branch of the bank jointly donated 30 pieces of corrugated sheets to the head of the temple on Monday, April 9.</p>

<p>A press release issued by the bank states that the works were carried under the cooperate social responsibility of the bank.&nbsp;</p>

<p>Kumari Bank is currently providing banking services through 72 branches, 58 ATMs and two extension counters across the country.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2018-04-10',
			'modified' => '2018-04-10',
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			'description' => '',
			'sortorder' => '7705',
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			'id' => '7923',
			'article_category_id' => '1',
			'title' => '“Entrepreneurship is not just about Fame and Money”',
			'sub_title' => '',
			'summary' => 'April 10: “The charm of entrepreneurship is growing since the last few years in Nepal. But, the young minds of the country should understand that entrepreneurship is not just about fame and money or being a boss but doing business needs a lot of sacrifices and hard work,” said Nikita Acharya, CEO of Urban Girls (UG).',
			'content' => '<p>April 10: &ldquo;The charm of entrepreneurship is growing since the last few years in Nepal. But, the young minds of the country should understand that entrepreneurship is not just about fame and money or being a boss but doing business needs a lot of sacrifices and hard work,&rdquo; said Nikita Acharya, CEO of Urban Girls (UG).</p>

<p>During a session of &lsquo;X-Preneur&rsquo;&nbsp;on Sunday, April 8, she also shared her entrepreneurial journey. The seventh session of the fourth-nightly event was organized by Clock b Business Innovations at Kaffe Codes in Thapathali.</p>

<p>Urban Girls is an e-commerce shopping platform which started in 2013. &ldquo;The e-commerce scenario was very poor back in 2013. The scenario has changed and we are hopeful that the e-commerce sector will grow further in the days to come,&rdquo; she said.</p>

<p>Acharya was the second female speaker of the interactive series. During the event, the organizers also announced that they will come up with &lsquo;X-Preneur 2.0&rsquo; next year.</p>

<p>&lsquo;X-preneur&rsquo; is a platform for youth, students, business enthusiasts and fresh graduates to have a chance to interact, network, and learn from the experience of working entrepreneurs and vice versa. The session saw the presence of more than 50 business enthusiasts, students, and fresh graduates. The organizers said that they are overwhelmed by the presence of the participants. They also expect similar presence of attendants in the next session.</p>

<p>The next session of &lsquo;X-preneur&rsquo; will be held on&nbsp;April 22 at 4.30 pm&nbsp;in the evening. The organizers invite fresh graduates, startups, and everybody interested to attend the event. &ldquo;The event will help the attendants to get strong knowledge about the startup community. The platform is solely designed for youths, students, business enthusiasts, and fresh graduates, to interact with and learn from the working entrepreneurs of the market with relevant market knowledge and experience,&rdquo; a statement issued by the organizers reads.</p>

<p>&lsquo;X-Preneur&rsquo; is a free event tailored for business aspirants and aspiring entrepreneurs, primarily designed for networking and idea sharing with upcoming entrepreneurs.</p>

<p>&nbsp;</p>
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			'id' => '7922',
			'article_category_id' => '1',
			'title' => 'Merger of West Finance and Synergy Finance',
			'sub_title' => '',
			'summary' => 'April 10: West Finance and Synergy Finance have decided to merge with 1:1 share swap ratio.',
			'content' => '<p>April 10: West Finance and Synergy Finance have decided to merge with 1:1 share swap ratio. The decision was passed by the 21st Annual General Meeting of West Finance held on Saturday.</p>

<p>According to the provisions of Nepal Rastra Bank (NRB), all C-class financial institutions of the country need to have a paid-up capital of Rs 800 million to conduct transaction in Nepal.</p>

<p>In order to meet the requirement set by the central bank, West Finance and Synergy Finance decided to merge with 1:1 share swap ratio.</p>

<p>After the merger, the financial institutions will have a total paid-up capital of Rs 890.5 million, and will be operated from Kamaladi under the name of West Finance Company, according to Maheswor Pahadi, CEO of West Finance.</p>

<p>&nbsp;</p>

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

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

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

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

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

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

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

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

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

<p>&nbsp;</p>
',
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			'id' => '7920',
			'article_category_id' => '1',
			'title' => 'Sunrise Opens new branch in Aaurahi',
			'sub_title' => '',
			'summary' => 'April 10: Sunrise Bank has opened its new branch in Aaurahi Rural Municipality of Dhanusha district.',
			'content' => '<p>April 10: Sunrise Bank has opened its new branch in Aaurahi Rural Municipality of Dhanusha district.</p>

<p>Chairman of the Aaurahi Rural Municipality, Brahma Dev Yadav, and Deputy General Manager of Sunrise Bank Apachh Kumar Yadav jointly inaugurated the branch amid a programme on Monday, April 9.</p>

<p>Recently, the bank had opened new branches at Durgabhagwati, Rautahat and Guthicgaur, Jumla.</p>

<p>Sunrise Bank is currently providing banking services through 79 branches, 95 ATM, 20 branchless facilities and three extension counters across the country.</p>

<p>With the opening of the new branch at Aaurahi, the bank aims at making financial transaction easier for the locals.</p>
',
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			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7701',
			'image' => '20180410042004_sunrise.jpg',
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			'id' => '7919',
			'article_category_id' => '1',
			'title' => 'Machhapuchre Bank Supports Education Sector',
			'sub_title' => '',
			'summary' => 'April 10: Machhapuchre Bank has lent support to Matribhumi Mahila Samaj and Teach for Nepal under its corporate social responsibility.',
			'content' => '<p>April 10: Machhapuchre Bank has lent support to Matribhumi Mahila Samaj and Teach for Nepal under its corporate social responsibility.</p>

<p>Issuing a press statement, the bank said it has provided Rs 150,000 to 15 students of Mahila Samaj as school fees and educational materials for up to five months. Likewise, the bank has provided Rs 500,000 to Teach for Nepal, an organization contributing for the development of education in Nepal.</p>

<p>The bank&#39;s acting CEO Arjun Thapa handed over a cheque equivalent to the amount to the representatives of the two organisations.</p>

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

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

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

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

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

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

<p><img alt="" src="/userfiles/images/mmmggg.jpg" style="height:546px; width:800px" />&nbsp;</p>
',
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			'id' => '7917',
			'article_category_id' => '1',
			'title' => 'Laxmi Bank Introduces VBV',
			'sub_title' => '',
			'summary' => 'April 10: Laxmi Bank has introduced Verified by Visa (VBV) service. ',
			'content' => '<p>April 10: Laxmi Bank has introduced Verified by Visa (VBV) service. The bank started VBV, a 3D secure service, with an aim to provide security and service to its Visa debit card holders.</p>

<p>The service is provided through international network company, Visa International, to the bank&#39;s Visa card holders. According to the bank, its card holders can transact safely in online market. Likewise, they can also conduct e-commerce transaction.</p>
',
			'published' => true,
			'created' => '2018-04-10',
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			'keywords' => '',
			'description' => '',
			'sortorder' => '7698',
			'image' => '20180410041411_Laxmi bank.jpg',
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		'Article' => array(
			'id' => '7916',
			'article_category_id' => '1',
			'title' => 'Kailash Bank Opens Branch at Damak',
			'sub_title' => '',
			'summary' => 'April 10: In a bid to extend its banking service, Kailash Bikas Bank has opened its branch at Damak of Jhapa. ',
			'content' => '<p>April 10: In a bid to extend its banking service, Kailash Bikas Bank has opened its branch at Damak of Jhapa. Mayor of Damak Municipality, Romnath Oli, inaugurated the branch amid a function on Monday, April 9.</p>

<p>According to the bank, the branch will provide modern banking services including mobile banking and ABBS service. The bank has been providing service through its 47 branches and 22 ATM counters.</p>

<p>The bank&#39;s CEO Amrit Charan Shrestha informed that the branch will benefit the entrepreneurs and public residing in the place for transaction. The bank, which recently had also opened its branch at Biratanagar, said the branch will help the local businesses of the area.</p>

<p>&nbsp;</p>
',
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			'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&rsquo;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&rsquo;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">&nbsp;</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" />&nbsp;</p>

<p>&nbsp;</p>
',
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			'id' => '7914',
			'article_category_id' => '1',
			'title' => 'Muktishree Group',
			'sub_title' => '',
			'summary' => 'In 1972, Madhav Raj Sumargi took a borrowing from Nepal Bank Limited to start his own business. He invested that loan in mining, transportation and timber. Later, he established Hetauda Lime Industry in 2029 BS. However, he died at an early age in 2032 BS.',
			'content' => '<p>In 1972, Madhav Raj Sumargi took a borrowing from Nepal Bank Limited to start his own business. He invested that loan in mining, transportation and timber. Later, he established Hetauda Lime Industry in 2029 BS. However, he died at an early age in 2032 BS. After the demise of Madhav<img alt="" src="/userfiles/images/M2.jpg" style="float:right; height:329px; margin:10px; width:100px" /> Raj Sumargi, the family had a negative net worth of Rs 1.1 million. After his demise, the lime factory closed down for three years due to financial constraints. After Madhav&rsquo;s death, his spouse took over the business but it did not function as usual and was then taken over by Ajeya and Arun Sumargi once they were ready to lead the business. As lime was elemental to leather tanning industries, the demand for lime started rising. As it happened, industry owners approached the Sumargi family to resume the operation of Hetauda Lime Industry. Hetauda Lime Industry can be regarded as a key milestone and a game-changer for the Sumargi family whose venture into mining industry is considered amongst the first.<br />
In the early 2000, Ajeya Raj Sumargi was amongst a group of investors in Spice Nepal Pvt Ltd, the stakes of which were later sold. Investment in Spice Nepal that introduced &lsquo;Mero Mobile&rsquo; has been a key highlight amongst the several ventures of the business group. In 2004, the Sumargi family ventured into the business of producing mineral water with Himalayan Natural Spring Water Company Pvt Ltd. In 2005, it registered Nepal Satellite Telecom Pvt Ltd to become a telecom operator.&nbsp; In 2006, the family registered Muktishree Pvt Ltd as a parent company with the view of investing in the telecommunication sector but later switched to the idea of bringing its entire investments under the parent company and make investments in other various business activities. Since then, Muktishree Pvt Ltd has established various subsidiary companies in the fields of telecom, energy and cement industry. Nepal Satellite Telecom Pvt Ltd started its operation in 2009 with the brand name &lsquo;Hello Nepal&rsquo;. Another telecom company Muktishree Telecom was established in 2009. Lately, Muktishree has established Inco Panel, a construction material industry that was introduced post-2015 earthquake. Muktishree also has strong presence in the media sector with Bindabashini Media Pvt Ltd and Radio Thaha Sanchaar. Muktishree also has subsidiary companies such as Muktishree Energy Pvt Ltd and Muktishree Cement Industries. Mining business is still a major strength of the group.</p>

<p><img alt="" src="/userfiles/images/Clipboard29%284%29.jpg" style="height:1492px; width:800px" /></p>

<p>&nbsp;</p>

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

<ul>
	<li>Estimated annual turnover is Rs 4 billion</li>
</ul>

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

<ul>
	<li>Mineral industries including Hetauda</li>
	<li>Lime Industry</li>
	<li>School</li>
	<li>Cold storage</li>
	<li>Himalaya Spring Water</li>
	<li>Inco Panel Industries Pvt Ltd</li>
</ul>

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

<ul>
	<li>700 people</li>
</ul>
</div>

<p>&nbsp;</p>
',
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			'created' => '2018-04-10',
			'modified' => '2021-06-02',
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			'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&rsquo;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&amp;R Heritage. It has another investment vehicle named R&amp;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">&nbsp;</p>

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

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

<ul>
	<li>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" />&nbsp;</p>

<p>&nbsp;</p>
',
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			'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 &lsquo;Shakti&rsquo; 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">&nbsp;</p>

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

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

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>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>&bull; 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>&nbsp;</p>
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		'Article' => array(
			'id' => '7926',
			'article_category_id' => '1',
			'title' => 'Gaindakot Branch of NIC Asia Bank',
			'sub_title' => '',
			'summary' => 'April 11: NIC Asia Bank has opened its branch at Congresschowk of Gaindakot Municipality-4 as per its aim to extend banking service at different places across the country.',
			'content' => '<p>April 11: NIC Asia Bank has opened its branch at Congresschowk of Gaindakot Municipality-4 as per its aim to extend banking service at different places across the country.</p>

<p>The branch was jointly inaugurated by the Mayor of Gaindakot Municipality, Chatra Raj Poudel and the bank&#39;s <strong>board member</strong> Rajendra Prasad Aryal amid a function on Tuesday, April 10. The bank informed that the branch will benefit the local people in conducting financial transaction. The bank believes that the new branch will help to contribute in local business.</p>
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			'id' => '7925',
			'article_category_id' => '1',
			'title' => 'Everest Bank Unveils New Year Calendar',
			'sub_title' => '',
			'summary' => 'April 11: Everest Bank has unveiled its calendar for the upcoming year 2075. ',
			'content' => '<p>April 11: Everest Bank has unveiled its calendar for the upcoming year 2075. The bank&#39;s Chairman BK Shrestha unveiled the new calendar amid a function on Tuesday, April 10.</p>

<p>At present, the bank has been providing banking services through its network of 80 branches, seven extension counters, 28 revenue collection centers and 113 ATM outlets.</p>
',
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			'id' => '7924',
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			'title' => 'Kumari Supports Construction of Cow Shelter',
			'sub_title' => '',
			'summary' => 'April 10: Kumari Bank, which is celebrating its 17th anniversary, has conducted numerous social works through all of its branches. ',
			'content' => '<p>April 10: Kumari Bank, which is celebrating its 17<sup>th</sup> anniversary, has conducted numerous social works through all of its branches. The bank also supported for repairing of temples and construction of a cow shelter in Godawaridham in Dhangadhi on this occasion.</p>

<p>Dhangadhi and Attariya branch of the bank jointly donated 30 pieces of corrugated sheets to the head of the temple on Monday, April 9.</p>

<p>A press release issued by the bank states that the works were carried under the cooperate social responsibility of the bank.&nbsp;</p>

<p>Kumari Bank is currently providing banking services through 72 branches, 58 ATMs and two extension counters across the country.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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			'title' => '“Entrepreneurship is not just about Fame and Money”',
			'sub_title' => '',
			'summary' => 'April 10: “The charm of entrepreneurship is growing since the last few years in Nepal. But, the young minds of the country should understand that entrepreneurship is not just about fame and money or being a boss but doing business needs a lot of sacrifices and hard work,” said Nikita Acharya, CEO of Urban Girls (UG).',
			'content' => '<p>April 10: &ldquo;The charm of entrepreneurship is growing since the last few years in Nepal. But, the young minds of the country should understand that entrepreneurship is not just about fame and money or being a boss but doing business needs a lot of sacrifices and hard work,&rdquo; said Nikita Acharya, CEO of Urban Girls (UG).</p>

<p>During a session of &lsquo;X-Preneur&rsquo;&nbsp;on Sunday, April 8, she also shared her entrepreneurial journey. The seventh session of the fourth-nightly event was organized by Clock b Business Innovations at Kaffe Codes in Thapathali.</p>

<p>Urban Girls is an e-commerce shopping platform which started in 2013. &ldquo;The e-commerce scenario was very poor back in 2013. The scenario has changed and we are hopeful that the e-commerce sector will grow further in the days to come,&rdquo; she said.</p>

<p>Acharya was the second female speaker of the interactive series. During the event, the organizers also announced that they will come up with &lsquo;X-Preneur 2.0&rsquo; next year.</p>

<p>&lsquo;X-preneur&rsquo; is a platform for youth, students, business enthusiasts and fresh graduates to have a chance to interact, network, and learn from the experience of working entrepreneurs and vice versa. The session saw the presence of more than 50 business enthusiasts, students, and fresh graduates. The organizers said that they are overwhelmed by the presence of the participants. They also expect similar presence of attendants in the next session.</p>

<p>The next session of &lsquo;X-preneur&rsquo; will be held on&nbsp;April 22 at 4.30 pm&nbsp;in the evening. The organizers invite fresh graduates, startups, and everybody interested to attend the event. &ldquo;The event will help the attendants to get strong knowledge about the startup community. The platform is solely designed for youths, students, business enthusiasts, and fresh graduates, to interact with and learn from the working entrepreneurs of the market with relevant market knowledge and experience,&rdquo; a statement issued by the organizers reads.</p>

<p>&lsquo;X-Preneur&rsquo; is a free event tailored for business aspirants and aspiring entrepreneurs, primarily designed for networking and idea sharing with upcoming entrepreneurs.</p>

<p>&nbsp;</p>
',
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			'created' => '2018-04-10',
			'modified' => '2018-04-11',
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			'description' => '',
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	(int) 4 => array(
		'Article' => array(
			'id' => '7922',
			'article_category_id' => '1',
			'title' => 'Merger of West Finance and Synergy Finance',
			'sub_title' => '',
			'summary' => 'April 10: West Finance and Synergy Finance have decided to merge with 1:1 share swap ratio.',
			'content' => '<p>April 10: West Finance and Synergy Finance have decided to merge with 1:1 share swap ratio. The decision was passed by the 21st Annual General Meeting of West Finance held on Saturday.</p>

<p>According to the provisions of Nepal Rastra Bank (NRB), all C-class financial institutions of the country need to have a paid-up capital of Rs 800 million to conduct transaction in Nepal.</p>

<p>In order to meet the requirement set by the central bank, West Finance and Synergy Finance decided to merge with 1:1 share swap ratio.</p>

<p>After the merger, the financial institutions will have a total paid-up capital of Rs 890.5 million, and will be operated from Kamaladi under the name of West Finance Company, according to Maheswor Pahadi, CEO of West Finance.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7703',
			'image' => null,
			'article_date' => '2018-04-10 00:00:00',
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	),
	(int) 5 => array(
		'Article' => array(
			'id' => '7921',
			'article_category_id' => '217',
			'title' => 'Laxmi Group',
			'sub_title' => '',
			'summary' => 'The brother duo of Buddhi Bahadur Shrestha and Ganesh Bahadur Shrestha worked at Siddharth Highway Project and Land Reform Office respectively during their hey days. But after seeing a substantial market for confectionary items, they started their own business. Together, they opened a small confectionery factory called ‘Laxmi Mithai Bhandar’ in Pokhara in 2030 BS ',
			'content' => '<p style="text-align:justify">The brother duo of Buddhi Bahadur Shrestha and Ganesh Bahadur Shrestha worked at Siddharth Highway Project and Land Reform Office respectively during their hey days. But after seeing a substantial market for confectionary items, they started their own business. Together, they opened a small confectionery factory called &lsquo;Laxmi Mithai Bhandar&rsquo; in Pokhara in 2030 BS (1974) with an initial investment of NPR 2,000 that included money borrowed from neighbours. Using local knowhow about producing &lsquo;pustakari&rsquo;, a local sweet item, the two brothers used Indian manual machines to produce chocolates. At the time, their competitors like Nebico and Pashupati Biscuits used advanced German-made machines. Within two years, the brothers upgraded the production line with semi-automatic machines.<img alt="" src="/userfiles/images/Clipboard39%286%29.jpg" style="float:right; height:341px; width:100px" /><br />
The same year, Laxmi Mithai Bhandar moved into the newly opened Pokhara Industrial Zone and was renamed as Jay Ma Laxmi Confectionary Industry which expanded into further units like Suva Laxmi, Maha Laxmi and Mahashakti Chocolate Company. These units produced popular chocolate items like Orange Ball, Diamond, Laxmi Sweets and Rimjhim Ball. In 1986, the two brothers established Jaya Ma and Jaya Confectionaries, which introduced candies like Mango Tart, Lacto Fun and Yo Yo, which were extremely popular brands. Laxmi Group continued with their business expansion with the establishment of Jaya Packaging Industry in 1988 and Jaya Polythene Industry in 1991. In 1995, Suva Laxmi, Jay Ma and Laxmi merged into a single entity known as Sujal Foods. Sujal Foods is the producer of popular chocolate &lsquo;Choco Fun&rsquo; and &lsquo;Sujal Gum&rsquo; chewing gum.<br />
In 2005, the group entered the dairy market with the establishment of Sujal Dairy. The dairy company was formed following the successful acquisition of Pokhara Milk Supply Scheme (PMSS), a Pokhara unit of Dairy Development Corporation (DDC). The group then started a powder plant in 2063 BS. In 2006, Laxmi Intercontinental became the local dealer for Hyundai automobiles quickly becoming its sole authorised dealer by 2010. Laxmi Intercontinental has been a game changer not just for Laxmi Group, changing the automobile landscape in the family car segment and setting industry benchmarks in terms of product quality, sales points and after-sales services.<br />
Laxmi Group believes that the establishment of &lsquo;Laxmi Mithai Bhandar&rsquo; in 1974 and Sujal Dairy Pvt Ltd in 2005 established them as a prominent business group in Nepal.</p>

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

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

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

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

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

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

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

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

<p>&nbsp;</p>
',
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			'modified' => '2018-04-10',
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			'description' => '',
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			'image' => '20180410042232_Clipboard38.jpg',
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	(int) 6 => array(
		'Article' => array(
			'id' => '7920',
			'article_category_id' => '1',
			'title' => 'Sunrise Opens new branch in Aaurahi',
			'sub_title' => '',
			'summary' => 'April 10: Sunrise Bank has opened its new branch in Aaurahi Rural Municipality of Dhanusha district.',
			'content' => '<p>April 10: Sunrise Bank has opened its new branch in Aaurahi Rural Municipality of Dhanusha district.</p>

<p>Chairman of the Aaurahi Rural Municipality, Brahma Dev Yadav, and Deputy General Manager of Sunrise Bank Apachh Kumar Yadav jointly inaugurated the branch amid a programme on Monday, April 9.</p>

<p>Recently, the bank had opened new branches at Durgabhagwati, Rautahat and Guthicgaur, Jumla.</p>

<p>Sunrise Bank is currently providing banking services through 79 branches, 95 ATM, 20 branchless facilities and three extension counters across the country.</p>

<p>With the opening of the new branch at Aaurahi, the bank aims at making financial transaction easier for the locals.</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7701',
			'image' => '20180410042004_sunrise.jpg',
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
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	(int) 7 => array(
		'Article' => array(
			'id' => '7919',
			'article_category_id' => '1',
			'title' => 'Machhapuchre Bank Supports Education Sector',
			'sub_title' => '',
			'summary' => 'April 10: Machhapuchre Bank has lent support to Matribhumi Mahila Samaj and Teach for Nepal under its corporate social responsibility.',
			'content' => '<p>April 10: Machhapuchre Bank has lent support to Matribhumi Mahila Samaj and Teach for Nepal under its corporate social responsibility.</p>

<p>Issuing a press statement, the bank said it has provided Rs 150,000 to 15 students of Mahila Samaj as school fees and educational materials for up to five months. Likewise, the bank has provided Rs 500,000 to Teach for Nepal, an organization contributing for the development of education in Nepal.</p>

<p>The bank&#39;s acting CEO Arjun Thapa handed over a cheque equivalent to the amount to the representatives of the two organisations.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
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			'description' => '',
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	(int) 8 => array(
		'Article' => array(
			'id' => '7918',
			'article_category_id' => '217',
			'title' => 'Mahato Group of Industries',
			'sub_title' => '',
			'summary' => 'Born to a family of farmers in Siraha, Dr Upendra Mahato later became one of the richest Nepalis. After the completion of high school, Mahato migrated to Russia in a scholarship for an undergraduate degree in engineering. There he became a trader of electronic goods and jeans to sustain in the foreign land.',
			'content' => '<p style="text-align:justify">Born to a family of farmers in Siraha, Dr Upendra Mahato later became one of the richest Nepalis. After the completion of high sc<img alt="" src="/userfiles/images/mggggg.jpg" style="float:right; height:297px; width:150px" />hool, Mahato migrated to Russia in a scholarship for an undergraduate degree in engineering. There he became a trader of electronic goods and jeans to sustain in the foreign land. After completing his Phd in Soil Mechanics in 1996, Dr Mahato commenced a crude oil refinery called Syntez Pvt Ltd in Belarus. Later, he bought a television manufacturing company in Moscow and further expanded his business interest there by opening an electronics supermarket and a fashion and sports mall. In Russia, Dr Mahato expanded his business activities into real estate and construction as well. He also bought a Belarus-based plant named Amkador that specialises in manufacturing heavy equipment.<br />
Dr Mahato&rsquo;s first and major investment in Nepal was in the year 2004 in Mero Mobile, the first private telecommunication company in Nepal that is now known as Ncell. Together with Jiba Lamichhane (another Russia-based NRN) and other NRNs, Dr Mahato has made significant investments in hydropower sector under Sanima Hydro, a group of hydro-related companies with investments from NRNs and general public. Mahato&rsquo;s other key investments are in health, banking, education, media and communication sectors. Expanding his investments in Nepal, Dr Mahato opened a 350-bed state-of-the-art hospital in Kathmandu in 2017, Nepal Mediciti, which plans to expand to a 750-bed hospital in the near future.<br />
In 2003, Dr Mahato founded Non Resident Nepali Association (NRNA), an association of Nepalis residing in different parts of the world, with a view to secure and promote their interest in and outside Nepal and leverage their potentials in the development of Nepal.&nbsp;</p>

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

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

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

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

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

<p><img alt="" src="/userfiles/images/mmmggg.jpg" style="height:546px; width:800px" />&nbsp;</p>
',
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			'description' => '',
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			'image' => '20180410040456_mgg.jpg',
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	(int) 9 => array(
		'Article' => array(
			'id' => '7917',
			'article_category_id' => '1',
			'title' => 'Laxmi Bank Introduces VBV',
			'sub_title' => '',
			'summary' => 'April 10: Laxmi Bank has introduced Verified by Visa (VBV) service. ',
			'content' => '<p>April 10: Laxmi Bank has introduced Verified by Visa (VBV) service. The bank started VBV, a 3D secure service, with an aim to provide security and service to its Visa debit card holders.</p>

<p>The service is provided through international network company, Visa International, to the bank&#39;s Visa card holders. According to the bank, its card holders can transact safely in online market. Likewise, they can also conduct e-commerce transaction.</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7698',
			'image' => '20180410041411_Laxmi bank.jpg',
			'article_date' => '2018-04-10 00:00:00',
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	(int) 10 => array(
		'Article' => array(
			'id' => '7916',
			'article_category_id' => '1',
			'title' => 'Kailash Bank Opens Branch at Damak',
			'sub_title' => '',
			'summary' => 'April 10: In a bid to extend its banking service, Kailash Bikas Bank has opened its branch at Damak of Jhapa. ',
			'content' => '<p>April 10: In a bid to extend its banking service, Kailash Bikas Bank has opened its branch at Damak of Jhapa. Mayor of Damak Municipality, Romnath Oli, inaugurated the branch amid a function on Monday, April 9.</p>

<p>According to the bank, the branch will provide modern banking services including mobile banking and ABBS service. The bank has been providing service through its 47 branches and 22 ATM counters.</p>

<p>The bank&#39;s CEO Amrit Charan Shrestha informed that the branch will benefit the entrepreneurs and public residing in the place for transaction. The bank, which recently had also opened its branch at Biratanagar, said the branch will help the local businesses of the area.</p>

<p>&nbsp;</p>
',
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			'created' => '2018-04-10',
			'modified' => '2018-04-10',
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			'image' => null,
			'article_date' => '2018-04-10 00:00:00',
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	(int) 11 => 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&rsquo;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&rsquo;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">&nbsp;</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" />&nbsp;</p>

<p>&nbsp;</p>
',
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			'modified' => '2018-04-10',
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			'description' => '',
			'sortorder' => '7696',
			'image' => '20180410035142_ms1.jpg',
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	(int) 12 => array(
		'Article' => array(
			'id' => '7914',
			'article_category_id' => '1',
			'title' => 'Muktishree Group',
			'sub_title' => '',
			'summary' => 'In 1972, Madhav Raj Sumargi took a borrowing from Nepal Bank Limited to start his own business. He invested that loan in mining, transportation and timber. Later, he established Hetauda Lime Industry in 2029 BS. However, he died at an early age in 2032 BS.',
			'content' => '<p>In 1972, Madhav Raj Sumargi took a borrowing from Nepal Bank Limited to start his own business. He invested that loan in mining, transportation and timber. Later, he established Hetauda Lime Industry in 2029 BS. However, he died at an early age in 2032 BS. After the demise of Madhav<img alt="" src="/userfiles/images/M2.jpg" style="float:right; height:329px; margin:10px; width:100px" /> Raj Sumargi, the family had a negative net worth of Rs 1.1 million. After his demise, the lime factory closed down for three years due to financial constraints. After Madhav&rsquo;s death, his spouse took over the business but it did not function as usual and was then taken over by Ajeya and Arun Sumargi once they were ready to lead the business. As lime was elemental to leather tanning industries, the demand for lime started rising. As it happened, industry owners approached the Sumargi family to resume the operation of Hetauda Lime Industry. Hetauda Lime Industry can be regarded as a key milestone and a game-changer for the Sumargi family whose venture into mining industry is considered amongst the first.<br />
In the early 2000, Ajeya Raj Sumargi was amongst a group of investors in Spice Nepal Pvt Ltd, the stakes of which were later sold. Investment in Spice Nepal that introduced &lsquo;Mero Mobile&rsquo; has been a key highlight amongst the several ventures of the business group. In 2004, the Sumargi family ventured into the business of producing mineral water with Himalayan Natural Spring Water Company Pvt Ltd. In 2005, it registered Nepal Satellite Telecom Pvt Ltd to become a telecom operator.&nbsp; In 2006, the family registered Muktishree Pvt Ltd as a parent company with the view of investing in the telecommunication sector but later switched to the idea of bringing its entire investments under the parent company and make investments in other various business activities. Since then, Muktishree Pvt Ltd has established various subsidiary companies in the fields of telecom, energy and cement industry. Nepal Satellite Telecom Pvt Ltd started its operation in 2009 with the brand name &lsquo;Hello Nepal&rsquo;. Another telecom company Muktishree Telecom was established in 2009. Lately, Muktishree has established Inco Panel, a construction material industry that was introduced post-2015 earthquake. Muktishree also has strong presence in the media sector with Bindabashini Media Pvt Ltd and Radio Thaha Sanchaar. Muktishree also has subsidiary companies such as Muktishree Energy Pvt Ltd and Muktishree Cement Industries. Mining business is still a major strength of the group.</p>

<p><img alt="" src="/userfiles/images/Clipboard29%284%29.jpg" style="height:1492px; width:800px" /></p>

<p>&nbsp;</p>

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

<ul>
	<li>Estimated annual turnover is Rs 4 billion</li>
</ul>

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

<ul>
	<li>Mineral industries including Hetauda</li>
	<li>Lime Industry</li>
	<li>School</li>
	<li>Cold storage</li>
	<li>Himalaya Spring Water</li>
	<li>Inco Panel Industries Pvt Ltd</li>
</ul>

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

<ul>
	<li>700 people</li>
</ul>
</div>

<p>&nbsp;</p>
',
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	(int) 13 => 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&rsquo;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&amp;R Heritage. It has another investment vehicle named R&amp;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">&nbsp;</p>

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

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

<ul>
	<li>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" />&nbsp;</p>

<p>&nbsp;</p>
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			'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 &lsquo;Shakti&rsquo; 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">&nbsp;</p>

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

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

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>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>&bull; 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>&nbsp;</p>
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			'id' => '7926',
			'article_category_id' => '1',
			'title' => 'Gaindakot Branch of NIC Asia Bank',
			'sub_title' => '',
			'summary' => 'April 11: NIC Asia Bank has opened its branch at Congresschowk of Gaindakot Municipality-4 as per its aim to extend banking service at different places across the country.',
			'content' => '<p>April 11: NIC Asia Bank has opened its branch at Congresschowk of Gaindakot Municipality-4 as per its aim to extend banking service at different places across the country.</p>

<p>The branch was jointly inaugurated by the Mayor of Gaindakot Municipality, Chatra Raj Poudel and the bank&#39;s <strong>board member</strong> Rajendra Prasad Aryal amid a function on Tuesday, April 10. The bank informed that the branch will benefit the local people in conducting financial transaction. The bank believes that the new branch will help to contribute in local business.</p>
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			'id' => '7925',
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			'title' => 'Everest Bank Unveils New Year Calendar',
			'sub_title' => '',
			'summary' => 'April 11: Everest Bank has unveiled its calendar for the upcoming year 2075. ',
			'content' => '<p>April 11: Everest Bank has unveiled its calendar for the upcoming year 2075. The bank&#39;s Chairman BK Shrestha unveiled the new calendar amid a function on Tuesday, April 10.</p>

<p>At present, the bank has been providing banking services through its network of 80 branches, seven extension counters, 28 revenue collection centers and 113 ATM outlets.</p>
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			'id' => '7924',
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			'title' => 'Kumari Supports Construction of Cow Shelter',
			'sub_title' => '',
			'summary' => 'April 10: Kumari Bank, which is celebrating its 17th anniversary, has conducted numerous social works through all of its branches. ',
			'content' => '<p>April 10: Kumari Bank, which is celebrating its 17<sup>th</sup> anniversary, has conducted numerous social works through all of its branches. The bank also supported for repairing of temples and construction of a cow shelter in Godawaridham in Dhangadhi on this occasion.</p>

<p>Dhangadhi and Attariya branch of the bank jointly donated 30 pieces of corrugated sheets to the head of the temple on Monday, April 9.</p>

<p>A press release issued by the bank states that the works were carried under the cooperate social responsibility of the bank.&nbsp;</p>

<p>Kumari Bank is currently providing banking services through 72 branches, 58 ATMs and two extension counters across the country.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'article_category_id' => '1',
			'title' => '“Entrepreneurship is not just about Fame and Money”',
			'sub_title' => '',
			'summary' => 'April 10: “The charm of entrepreneurship is growing since the last few years in Nepal. But, the young minds of the country should understand that entrepreneurship is not just about fame and money or being a boss but doing business needs a lot of sacrifices and hard work,” said Nikita Acharya, CEO of Urban Girls (UG).',
			'content' => '<p>April 10: &ldquo;The charm of entrepreneurship is growing since the last few years in Nepal. But, the young minds of the country should understand that entrepreneurship is not just about fame and money or being a boss but doing business needs a lot of sacrifices and hard work,&rdquo; said Nikita Acharya, CEO of Urban Girls (UG).</p>

<p>During a session of &lsquo;X-Preneur&rsquo;&nbsp;on Sunday, April 8, she also shared her entrepreneurial journey. The seventh session of the fourth-nightly event was organized by Clock b Business Innovations at Kaffe Codes in Thapathali.</p>

<p>Urban Girls is an e-commerce shopping platform which started in 2013. &ldquo;The e-commerce scenario was very poor back in 2013. The scenario has changed and we are hopeful that the e-commerce sector will grow further in the days to come,&rdquo; she said.</p>

<p>Acharya was the second female speaker of the interactive series. During the event, the organizers also announced that they will come up with &lsquo;X-Preneur 2.0&rsquo; next year.</p>

<p>&lsquo;X-preneur&rsquo; is a platform for youth, students, business enthusiasts and fresh graduates to have a chance to interact, network, and learn from the experience of working entrepreneurs and vice versa. The session saw the presence of more than 50 business enthusiasts, students, and fresh graduates. The organizers said that they are overwhelmed by the presence of the participants. They also expect similar presence of attendants in the next session.</p>

<p>The next session of &lsquo;X-preneur&rsquo; will be held on&nbsp;April 22 at 4.30 pm&nbsp;in the evening. The organizers invite fresh graduates, startups, and everybody interested to attend the event. &ldquo;The event will help the attendants to get strong knowledge about the startup community. The platform is solely designed for youths, students, business enthusiasts, and fresh graduates, to interact with and learn from the working entrepreneurs of the market with relevant market knowledge and experience,&rdquo; a statement issued by the organizers reads.</p>

<p>&lsquo;X-Preneur&rsquo; is a free event tailored for business aspirants and aspiring entrepreneurs, primarily designed for networking and idea sharing with upcoming entrepreneurs.</p>

<p>&nbsp;</p>
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			'id' => '7922',
			'article_category_id' => '1',
			'title' => 'Merger of West Finance and Synergy Finance',
			'sub_title' => '',
			'summary' => 'April 10: West Finance and Synergy Finance have decided to merge with 1:1 share swap ratio.',
			'content' => '<p>April 10: West Finance and Synergy Finance have decided to merge with 1:1 share swap ratio. The decision was passed by the 21st Annual General Meeting of West Finance held on Saturday.</p>

<p>According to the provisions of Nepal Rastra Bank (NRB), all C-class financial institutions of the country need to have a paid-up capital of Rs 800 million to conduct transaction in Nepal.</p>

<p>In order to meet the requirement set by the central bank, West Finance and Synergy Finance decided to merge with 1:1 share swap ratio.</p>

<p>After the merger, the financial institutions will have a total paid-up capital of Rs 890.5 million, and will be operated from Kamaladi under the name of West Finance Company, according to Maheswor Pahadi, CEO of West Finance.</p>

<p>&nbsp;</p>

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

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

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

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

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

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

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

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

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

<p>&nbsp;</p>
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			'id' => '7920',
			'article_category_id' => '1',
			'title' => 'Sunrise Opens new branch in Aaurahi',
			'sub_title' => '',
			'summary' => 'April 10: Sunrise Bank has opened its new branch in Aaurahi Rural Municipality of Dhanusha district.',
			'content' => '<p>April 10: Sunrise Bank has opened its new branch in Aaurahi Rural Municipality of Dhanusha district.</p>

<p>Chairman of the Aaurahi Rural Municipality, Brahma Dev Yadav, and Deputy General Manager of Sunrise Bank Apachh Kumar Yadav jointly inaugurated the branch amid a programme on Monday, April 9.</p>

<p>Recently, the bank had opened new branches at Durgabhagwati, Rautahat and Guthicgaur, Jumla.</p>

<p>Sunrise Bank is currently providing banking services through 79 branches, 95 ATM, 20 branchless facilities and three extension counters across the country.</p>

<p>With the opening of the new branch at Aaurahi, the bank aims at making financial transaction easier for the locals.</p>
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			'sortorder' => '7701',
			'image' => '20180410042004_sunrise.jpg',
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 7 => array(
		'Article' => array(
			'id' => '7919',
			'article_category_id' => '1',
			'title' => 'Machhapuchre Bank Supports Education Sector',
			'sub_title' => '',
			'summary' => 'April 10: Machhapuchre Bank has lent support to Matribhumi Mahila Samaj and Teach for Nepal under its corporate social responsibility.',
			'content' => '<p>April 10: Machhapuchre Bank has lent support to Matribhumi Mahila Samaj and Teach for Nepal under its corporate social responsibility.</p>

<p>Issuing a press statement, the bank said it has provided Rs 150,000 to 15 students of Mahila Samaj as school fees and educational materials for up to five months. Likewise, the bank has provided Rs 500,000 to Teach for Nepal, an organization contributing for the development of education in Nepal.</p>

<p>The bank&#39;s acting CEO Arjun Thapa handed over a cheque equivalent to the amount to the representatives of the two organisations.</p>

<p>&nbsp;</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7700',
			'image' => null,
			'article_date' => '2018-04-10 00:00:00',
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			'breaking_news' => false,
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			'in_scroller' => false,
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	(int) 8 => array(
		'Article' => array(
			'id' => '7918',
			'article_category_id' => '217',
			'title' => 'Mahato Group of Industries',
			'sub_title' => '',
			'summary' => 'Born to a family of farmers in Siraha, Dr Upendra Mahato later became one of the richest Nepalis. After the completion of high school, Mahato migrated to Russia in a scholarship for an undergraduate degree in engineering. There he became a trader of electronic goods and jeans to sustain in the foreign land.',
			'content' => '<p style="text-align:justify">Born to a family of farmers in Siraha, Dr Upendra Mahato later became one of the richest Nepalis. After the completion of high sc<img alt="" src="/userfiles/images/mggggg.jpg" style="float:right; height:297px; width:150px" />hool, Mahato migrated to Russia in a scholarship for an undergraduate degree in engineering. There he became a trader of electronic goods and jeans to sustain in the foreign land. After completing his Phd in Soil Mechanics in 1996, Dr Mahato commenced a crude oil refinery called Syntez Pvt Ltd in Belarus. Later, he bought a television manufacturing company in Moscow and further expanded his business interest there by opening an electronics supermarket and a fashion and sports mall. In Russia, Dr Mahato expanded his business activities into real estate and construction as well. He also bought a Belarus-based plant named Amkador that specialises in manufacturing heavy equipment.<br />
Dr Mahato&rsquo;s first and major investment in Nepal was in the year 2004 in Mero Mobile, the first private telecommunication company in Nepal that is now known as Ncell. Together with Jiba Lamichhane (another Russia-based NRN) and other NRNs, Dr Mahato has made significant investments in hydropower sector under Sanima Hydro, a group of hydro-related companies with investments from NRNs and general public. Mahato&rsquo;s other key investments are in health, banking, education, media and communication sectors. Expanding his investments in Nepal, Dr Mahato opened a 350-bed state-of-the-art hospital in Kathmandu in 2017, Nepal Mediciti, which plans to expand to a 750-bed hospital in the near future.<br />
In 2003, Dr Mahato founded Non Resident Nepali Association (NRNA), an association of Nepalis residing in different parts of the world, with a view to secure and promote their interest in and outside Nepal and leverage their potentials in the development of Nepal.&nbsp;</p>

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

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

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

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

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

<p><img alt="" src="/userfiles/images/mmmggg.jpg" style="height:546px; width:800px" />&nbsp;</p>
',
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			'created' => '2018-04-10',
			'modified' => '2018-04-10',
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			'sortorder' => '7699',
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	(int) 9 => array(
		'Article' => array(
			'id' => '7917',
			'article_category_id' => '1',
			'title' => 'Laxmi Bank Introduces VBV',
			'sub_title' => '',
			'summary' => 'April 10: Laxmi Bank has introduced Verified by Visa (VBV) service. ',
			'content' => '<p>April 10: Laxmi Bank has introduced Verified by Visa (VBV) service. The bank started VBV, a 3D secure service, with an aim to provide security and service to its Visa debit card holders.</p>

<p>The service is provided through international network company, Visa International, to the bank&#39;s Visa card holders. According to the bank, its card holders can transact safely in online market. Likewise, they can also conduct e-commerce transaction.</p>
',
			'published' => true,
			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7698',
			'image' => '20180410041411_Laxmi bank.jpg',
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 10 => array(
		'Article' => array(
			'id' => '7916',
			'article_category_id' => '1',
			'title' => 'Kailash Bank Opens Branch at Damak',
			'sub_title' => '',
			'summary' => 'April 10: In a bid to extend its banking service, Kailash Bikas Bank has opened its branch at Damak of Jhapa. ',
			'content' => '<p>April 10: In a bid to extend its banking service, Kailash Bikas Bank has opened its branch at Damak of Jhapa. Mayor of Damak Municipality, Romnath Oli, inaugurated the branch amid a function on Monday, April 9.</p>

<p>According to the bank, the branch will provide modern banking services including mobile banking and ABBS service. The bank has been providing service through its 47 branches and 22 ATM counters.</p>

<p>The bank&#39;s CEO Amrit Charan Shrestha informed that the branch will benefit the entrepreneurs and public residing in the place for transaction. The bank, which recently had also opened its branch at Biratanagar, said the branch will help the local businesses of the area.</p>

<p>&nbsp;</p>
',
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			'created' => '2018-04-10',
			'modified' => '2018-04-10',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7697',
			'image' => null,
			'article_date' => '2018-04-10 00:00:00',
			'homepage' => false,
			'breaking_news' => false,
			'main_news' => true,
			'in_scroller' => false,
			'user_id' => '16'
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	),
	(int) 11 => 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&rsquo;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&rsquo;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">&nbsp;</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" />&nbsp;</p>

<p>&nbsp;</p>
',
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			'modified' => '2018-04-10',
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			'description' => '',
			'sortorder' => '7696',
			'image' => '20180410035142_ms1.jpg',
			'article_date' => '2018-04-01 00:00:00',
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	(int) 12 => array(
		'Article' => array(
			'id' => '7914',
			'article_category_id' => '1',
			'title' => 'Muktishree Group',
			'sub_title' => '',
			'summary' => 'In 1972, Madhav Raj Sumargi took a borrowing from Nepal Bank Limited to start his own business. He invested that loan in mining, transportation and timber. Later, he established Hetauda Lime Industry in 2029 BS. However, he died at an early age in 2032 BS.',
			'content' => '<p>In 1972, Madhav Raj Sumargi took a borrowing from Nepal Bank Limited to start his own business. He invested that loan in mining, transportation and timber. Later, he established Hetauda Lime Industry in 2029 BS. However, he died at an early age in 2032 BS. After the demise of Madhav<img alt="" src="/userfiles/images/M2.jpg" style="float:right; height:329px; margin:10px; width:100px" /> Raj Sumargi, the family had a negative net worth of Rs 1.1 million. After his demise, the lime factory closed down for three years due to financial constraints. After Madhav&rsquo;s death, his spouse took over the business but it did not function as usual and was then taken over by Ajeya and Arun Sumargi once they were ready to lead the business. As lime was elemental to leather tanning industries, the demand for lime started rising. As it happened, industry owners approached the Sumargi family to resume the operation of Hetauda Lime Industry. Hetauda Lime Industry can be regarded as a key milestone and a game-changer for the Sumargi family whose venture into mining industry is considered amongst the first.<br />
In the early 2000, Ajeya Raj Sumargi was amongst a group of investors in Spice Nepal Pvt Ltd, the stakes of which were later sold. Investment in Spice Nepal that introduced &lsquo;Mero Mobile&rsquo; has been a key highlight amongst the several ventures of the business group. In 2004, the Sumargi family ventured into the business of producing mineral water with Himalayan Natural Spring Water Company Pvt Ltd. In 2005, it registered Nepal Satellite Telecom Pvt Ltd to become a telecom operator.&nbsp; In 2006, the family registered Muktishree Pvt Ltd as a parent company with the view of investing in the telecommunication sector but later switched to the idea of bringing its entire investments under the parent company and make investments in other various business activities. Since then, Muktishree Pvt Ltd has established various subsidiary companies in the fields of telecom, energy and cement industry. Nepal Satellite Telecom Pvt Ltd started its operation in 2009 with the brand name &lsquo;Hello Nepal&rsquo;. Another telecom company Muktishree Telecom was established in 2009. Lately, Muktishree has established Inco Panel, a construction material industry that was introduced post-2015 earthquake. Muktishree also has strong presence in the media sector with Bindabashini Media Pvt Ltd and Radio Thaha Sanchaar. Muktishree also has subsidiary companies such as Muktishree Energy Pvt Ltd and Muktishree Cement Industries. Mining business is still a major strength of the group.</p>

<p><img alt="" src="/userfiles/images/Clipboard29%284%29.jpg" style="height:1492px; width:800px" /></p>

<p>&nbsp;</p>

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

<ul>
	<li>Estimated annual turnover is Rs 4 billion</li>
</ul>

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

<ul>
	<li>Mineral industries including Hetauda</li>
	<li>Lime Industry</li>
	<li>School</li>
	<li>Cold storage</li>
	<li>Himalaya Spring Water</li>
	<li>Inco Panel Industries Pvt Ltd</li>
</ul>

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

<ul>
	<li>700 people</li>
</ul>
</div>

<p>&nbsp;</p>
',
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			'created' => '2018-04-10',
			'modified' => '2021-06-02',
			'keywords' => '',
			'description' => '',
			'sortorder' => '7695',
			'image' => '20180410032607_M1.jpg',
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	(int) 13 => 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&rsquo;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&amp;R Heritage. It has another investment vehicle named R&amp;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">&nbsp;</p>

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

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

<ul>
	<li>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" />&nbsp;</p>

<p>&nbsp;</p>
',
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			'image' => '20180410030125_nn1.jpg',
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	(int) 14 => 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 &lsquo;Shakti&rsquo; 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">&nbsp;</p>

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

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

<div style="background: rgb(230, 230, 250); padding: 10px;">
<p><span style="font-size:16px"><strong>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>&bull; 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>&nbsp;</p>
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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
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity &quot;&quot; [APP/View/Elements/side_bar.ctp, line 133]
Code Context
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			'id' => '7926',
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			'title' => 'Gaindakot Branch of NIC Asia Bank',
			'sub_title' => '',
			'summary' => 'April 11: NIC Asia Bank has opened its branch at Congresschowk of Gaindakot Municipality-4 as per its aim to extend banking service at different places across the country.',
			'content' => '<p>April 11: NIC Asia Bank has opened its branch at Congresschowk of Gaindakot Municipality-4 as per its aim to extend banking service at different places across the country.</p>

<p>The branch was jointly inaugurated by the Mayor of Gaindakot Municipality, Chatra Raj Poudel and the bank&#39;s <strong>board member</strong> Rajendra Prasad Aryal amid a function on Tuesday, April 10. The bank informed that the branch will benefit the local people in conducting financial transaction. The bank believes that the new branch will help to contribute in local business.</p>
',
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			'id' => '7925',
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			'title' => 'Everest Bank Unveils New Year Calendar',
			'sub_title' => '',
			'summary' => 'April 11: Everest Bank has unveiled its calendar for the upcoming year 2075. ',
			'content' => '<p>April 11: Everest Bank has unveiled its calendar for the upcoming year 2075. The bank&#39;s Chairman BK Shrestha unveiled the new calendar amid a function on Tuesday, April 10.</p>

<p>At present, the bank has been providing banking services through its network of 80 branches, seven extension counters, 28 revenue collection centers and 113 ATM outlets.</p>
',
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			'id' => '7924',
			'article_category_id' => '1',
			'title' => 'Kumari Supports Construction of Cow Shelter',
			'sub_title' => '',
			'summary' => 'April 10: Kumari Bank, which is celebrating its 17th anniversary, has conducted numerous social works through all of its branches. ',
			'content' => '<p>April 10: Kumari Bank, which is celebrating its 17<sup>th</sup> anniversary, has conducted numerous social works through all of its branches. The bank also supported for repairing of temples and construction of a cow shelter in Godawaridham in Dhangadhi on this occasion.</p>

<p>Dhangadhi and Attariya branch of the bank jointly donated 30 pieces of corrugated sheets to the head of the temple on Monday, April 9.</p>

<p>A press release issued by the bank states that the works were carried under the cooperate social responsibility of the bank.&nbsp;</p>

<p>Kumari Bank is currently providing banking services through 72 branches, 58 ATMs and two extension counters across the country.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
',
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			'created' => '2018-04-10',
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			'description' => '',
			'sortorder' => '7705',
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			'id' => '7923',
			'article_category_id' => '1',
			'title' => '“Entrepreneurship is not just about Fame and Money”',
			'sub_title' => '',
			'summary' => 'April 10: “The charm of entrepreneurship is growing since the last few years in Nepal. But, the young minds of the country should understand that entrepreneurship is not just about fame and money or being a boss but doing business needs a lot of sacrifices and hard work,” said Nikita Acharya, CEO of Urban Girls (UG).',
			'content' => '<p>April 10: &ldquo;The charm of entrepreneurship is growing since the last few years in Nepal. But, the young minds of the country should understand that entrepreneurship is not just about fame and money or being a boss but doing business needs a lot of sacrifices and hard work,&rdquo; said Nikita Acharya, CEO of Urban Girls (UG).</p>

<p>During a session of &lsquo;X-Preneur&rsquo;&nbsp;on Sunday, April 8, she also shared her entrepreneurial journey. The seventh session of the fourth-nightly event was organized by Clock b Business Innovations at Kaffe Codes in Thapathali.</p>

<p>Urban Girls is an e-commerce shopping platform which started in 2013. &ldquo;The e-commerce scenario was very poor back in 2013. The scenario has changed and we are hopeful that the e-commerce sector will grow further in the days to come,&rdquo; she said.</p>

<p>Acharya was the second female speaker of the interactive series. During the event, the organizers also announced that they will come up with &lsquo;X-Preneur 2.0&rsquo; next year.</p>

<p>&lsquo;X-preneur&rsquo; is a platform for youth, students, business enthusiasts and fresh graduates to have a chance to interact, network, and learn from the experience of working entrepreneurs and vice versa. The session saw the presence of more than 50 business enthusiasts, students, and fresh graduates. The organizers said that they are overwhelmed by the presence of the participants. They also expect similar presence of attendants in the next session.</p>

<p>The next session of &lsquo;X-preneur&rsquo; will be held on&nbsp;April 22 at 4.30 pm&nbsp;in the evening. The organizers invite fresh graduates, startups, and everybody interested to attend the event. &ldquo;The event will help the attendants to get strong knowledge about the startup community. The platform is solely designed for youths, students, business enthusiasts, and fresh graduates, to interact with and learn from the working entrepreneurs of the market with relevant market knowledge and experience,&rdquo; a statement issued by the organizers reads.</p>

<p>&lsquo;X-Preneur&rsquo; is a free event tailored for business aspirants and aspiring entrepreneurs, primarily designed for networking and idea sharing with upcoming entrepreneurs.</p>

<p>&nbsp;</p>
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			'id' => '7922',
			'article_category_id' => '1',
			'title' => 'Merger of West Finance and Synergy Finance',
			'sub_title' => '',
			'summary' => 'April 10: West Finance and Synergy Finance have decided to merge with 1:1 share swap ratio.',
			'content' => '<p>April 10: West Finance and Synergy Finance have decided to merge with 1:1 share swap ratio. The decision was passed by the 21st Annual General Meeting of West Finance held on Saturday.</p>

<p>According to the provisions of Nepal Rastra Bank (NRB), all C-class financial institutions of the country need to have a paid-up capital of Rs 800 million to conduct transaction in Nepal.</p>

<p>In order to meet the requirement set by the central bank, West Finance and Synergy Finance decided to merge with 1:1 share swap ratio.</p>

<p>After the merger, the financial institutions will have a total paid-up capital of Rs 890.5 million, and will be operated from Kamaladi under the name of West Finance Company, according to Maheswor Pahadi, CEO of West Finance.</p>

<p>&nbsp;</p>

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

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

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

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

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

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

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

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

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

<p>&nbsp;</p>
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			'id' => '7920',
			'article_category_id' => '1',
			'title' => 'Sunrise Opens new branch in Aaurahi',
			'sub_title' => '',
			'summary' => 'April 10: Sunrise Bank has opened its new branch in Aaurahi Rural Municipality of Dhanusha district.',
			'content' => '<p>April 10: Sunrise Bank has opened its new branch in Aaurahi Rural Municipality of Dhanusha district.</p>

<p>Chairman of the Aaurahi Rural Municipality, Brahma Dev Yadav, and Deputy General Manager of Sunrise Bank Apachh Kumar Yadav jointly inaugurated the branch amid a programme on Monday, April 9.</p>

<p>Recently, the bank had opened new branches at Durgabhagwati, Rautahat and Guthicgaur, Jumla.</p>

<p>Sunrise Bank is currently providing banking services through 79 branches, 95 ATM, 20 branchless facilities and three extension counters across the country.</p>

<p>With the opening of the new branch at Aaurahi, the bank aims at making financial transaction easier for the locals.</p>
',
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			'sortorder' => '7701',
			'image' => '20180410042004_sunrise.jpg',
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			'id' => '7919',
			'article_category_id' => '1',
			'title' => 'Machhapuchre Bank Supports Education Sector',
			'sub_title' => '',
			'summary' => 'April 10: Machhapuchre Bank has lent support to Matribhumi Mahila Samaj and Teach for Nepal under its corporate social responsibility.',
			'content' => '<p>April 10: Machhapuchre Bank has lent support to Matribhumi Mahila Samaj and Teach for Nepal under its corporate social responsibility.</p>

<p>Issuing a press statement, the bank said it has provided Rs 150,000 to 15 students of Mahila Samaj as school fees and educational materials for up to five months. Likewise, the bank has provided Rs 500,000 to Teach for Nepal, an organization contributing for the development of education in Nepal.</p>

<p>The bank&#39;s acting CEO Arjun Thapa handed over a cheque equivalent to the amount to the representatives of the two organisations.</p>

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

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

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

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

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

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

<p><img alt="" src="/userfiles/images/mmmggg.jpg" style="height:546px; width:800px" />&nbsp;</p>
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			'id' => '7917',
			'article_category_id' => '1',
			'title' => 'Laxmi Bank Introduces VBV',
			'sub_title' => '',
			'summary' => 'April 10: Laxmi Bank has introduced Verified by Visa (VBV) service. ',
			'content' => '<p>April 10: Laxmi Bank has introduced Verified by Visa (VBV) service. The bank started VBV, a 3D secure service, with an aim to provide security and service to its Visa debit card holders.</p>

<p>The service is provided through international network company, Visa International, to the bank&#39;s Visa card holders. According to the bank, its card holders can transact safely in online market. Likewise, they can also conduct e-commerce transaction.</p>
',
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			'sortorder' => '7698',
			'image' => '20180410041411_Laxmi bank.jpg',
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		'Article' => array(
			'id' => '7916',
			'article_category_id' => '1',
			'title' => 'Kailash Bank Opens Branch at Damak',
			'sub_title' => '',
			'summary' => 'April 10: In a bid to extend its banking service, Kailash Bikas Bank has opened its branch at Damak of Jhapa. ',
			'content' => '<p>April 10: In a bid to extend its banking service, Kailash Bikas Bank has opened its branch at Damak of Jhapa. Mayor of Damak Municipality, Romnath Oli, inaugurated the branch amid a function on Monday, April 9.</p>

<p>According to the bank, the branch will provide modern banking services including mobile banking and ABBS service. The bank has been providing service through its 47 branches and 22 ATM counters.</p>

<p>The bank&#39;s CEO Amrit Charan Shrestha informed that the branch will benefit the entrepreneurs and public residing in the place for transaction. The bank, which recently had also opened its branch at Biratanagar, said the branch will help the local businesses of the area.</p>

<p>&nbsp;</p>
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			'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&rsquo;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&rsquo;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">&nbsp;</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" />&nbsp;</p>

<p>&nbsp;</p>
',
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	(int) 12 => array(
		'Article' => array(
			'id' => '7914',
			'article_category_id' => '1',
			'title' => 'Muktishree Group',
			'sub_title' => '',
			'summary' => 'In 1972, Madhav Raj Sumargi took a borrowing from Nepal Bank Limited to start his own business. He invested that loan in mining, transportation and timber. Later, he established Hetauda Lime Industry in 2029 BS. However, he died at an early age in 2032 BS.',
			'content' => '<p>In 1972, Madhav Raj Sumargi took a borrowing from Nepal Bank Limited to start his own business. He invested that loan in mining, transportation and timber. Later, he established Hetauda Lime Industry in 2029 BS. However, he died at an early age in 2032 BS. After the demise of Madhav<img alt="" src="/userfiles/images/M2.jpg" style="float:right; height:329px; margin:10px; width:100px" /> Raj Sumargi, the family had a negative net worth of Rs 1.1 million. After his demise, the lime factory closed down for three years due to financial constraints. After Madhav&rsquo;s death, his spouse took over the business but it did not function as usual and was then taken over by Ajeya and Arun Sumargi once they were ready to lead the business. As lime was elemental to leather tanning industries, the demand for lime started rising. As it happened, industry owners approached the Sumargi family to resume the operation of Hetauda Lime Industry. Hetauda Lime Industry can be regarded as a key milestone and a game-changer for the Sumargi family whose venture into mining industry is considered amongst the first.<br />
In the early 2000, Ajeya Raj Sumargi was amongst a group of investors in Spice Nepal Pvt Ltd, the stakes of which were later sold. Investment in Spice Nepal that introduced &lsquo;Mero Mobile&rsquo; has been a key highlight amongst the several ventures of the business group. In 2004, the Sumargi family ventured into the business of producing mineral water with Himalayan Natural Spring Water Company Pvt Ltd. In 2005, it registered Nepal Satellite Telecom Pvt Ltd to become a telecom operator.&nbsp; In 2006, the family registered Muktishree Pvt Ltd as a parent company with the view of investing in the telecommunication sector but later switched to the idea of bringing its entire investments under the parent company and make investments in other various business activities. Since then, Muktishree Pvt Ltd has established various subsidiary companies in the fields of telecom, energy and cement industry. Nepal Satellite Telecom Pvt Ltd started its operation in 2009 with the brand name &lsquo;Hello Nepal&rsquo;. Another telecom company Muktishree Telecom was established in 2009. Lately, Muktishree has established Inco Panel, a construction material industry that was introduced post-2015 earthquake. Muktishree also has strong presence in the media sector with Bindabashini Media Pvt Ltd and Radio Thaha Sanchaar. Muktishree also has subsidiary companies such as Muktishree Energy Pvt Ltd and Muktishree Cement Industries. Mining business is still a major strength of the group.</p>

<p><img alt="" src="/userfiles/images/Clipboard29%284%29.jpg" style="height:1492px; width:800px" /></p>

<p>&nbsp;</p>

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

<ul>
	<li>Estimated annual turnover is Rs 4 billion</li>
</ul>

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

<ul>
	<li>Mineral industries including Hetauda</li>
	<li>Lime Industry</li>
	<li>School</li>
	<li>Cold storage</li>
	<li>Himalaya Spring Water</li>
	<li>Inco Panel Industries Pvt Ltd</li>
</ul>

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

<ul>
	<li>700 people</li>
</ul>
</div>

<p>&nbsp;</p>
',
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			'modified' => '2021-06-02',
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	(int) 13 => 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&rsquo;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&amp;R Heritage. It has another investment vehicle named R&amp;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">&nbsp;</p>

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

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

<ul>
	<li>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" />&nbsp;</p>

<p>&nbsp;</p>
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		'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 &lsquo;Shakti&rsquo; 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">&nbsp;</p>

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

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

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