Top Group of Companies in Nepal
Nepal is a small landlocked country. Although Nepal has to depend on the products imported from other countries, there are some top business houses in Nepal which has been gaining rapid reputation and success in production and marketing of products as well as other economic activities. Five among such successful groups of companies/organizations are listed below:
Chaudhary Group (CG)
One of the most popular and leading groups of organizations in Nepal is the Chaudhary Group, popularly known as CG. Currently led and managed by Binod Chaudhary, the first billionaire of Nepal, the group has been present in the country for more than 136 years and during this period, it has earned itself the reputation of being biggest company of Nepal. Owning over forty five companies, sixty brands in thirty countries and giving job to over six thousand employees, CG has been able to cover Food and Beverages, Education, Real Estate, Financial Services, Hydro Power, Infrastructure, Telecom, Cement, Hotels and Resorts, Biotech, Electronics and White goods, Energy, FMCG, Realty to Retail, etc. as its core area of business.
In the year 1965, Modern Hosiery Industries Private Limited was established followed by Nepal Spinning, Weaving and Knitting Private Limited. In the year 1967, Ratna Stainless Steel Private Limited, Flooring and Furnishing Center were established followed by Arun Emporium in 1968. United Builders was build in 1970, Pashupati Biscuits in 1973, CG Foods in 1984, Rahul Exim Trading Private Limited in 1991, Impact International, Himalayan International Marketing Associates Private Limited and United Finance Private Limited in 1992, Power Development Nepal Private Limited, United Insurance Private Limited, Shree Mahalaxmi Nurtitious Foods Private Limited and Chaudhary Investments Private Limited in 1993, ABB Investments Private Limited and Himalayan Intercontinental Private Limited in 1994, Chaudhary Foundation and Shree Lunkaran Das Ganga Devi Academy for Arts and Literature in 1995, CG Education and Shree Lunkaran Das Ganga Devi Chaudhary Charity Hospital Private Limited in 1996, CG Developers in 1999, CG Finco in 2003, CG Energy and Infrastructure Private Limited (CGEI) in 2006, FMCG, CG Biotech, CG Electronics, CG Financial Services: CG Hotels and Resorts, CG Developers, CG Ayurveda, CG Education in 2012 and CG Telecom in 2013 were subsequently established. It has not only earned success in Nepal but also in other countries with its products and services being available there.
Khetan Group was started in Nepal by Shree Purna Lam Bihari Lal Khetan. The group has succeed in finding itself a niche in Nepali business and economic field with its diverse interest and involvement in the field of mining, fast moving consumer goods like beverages, food stuff and service industries like insurance, banking/financial services, telecommunications, IT, real estate, investments, energy, etc.
It established Gorkha Brewery Private Limited in 1989, and Bottlers Nepal Limited (BNL) in 1979. Also, keeping in mind the environmental protection, the fully automatic Effluent Treatment Plants (ETP) was established in both Bottlers Nepal Limited’s plants since 2001. It also supports Free Health Check-up Clinic at Bharatpur in association with the local community.
On October 2000, The Group established Himalayan Snax and Noodles Private Limited (HSNPL) in technical collaboration with Thai President Foods Plc of Thailand. On 1st April, 2002, Laxmi Bank was established as the 16th commercial bank in the country. One of the leading insurance companies in Nepal, Everest Insurance Company (EIC) started in 1994 as a Public Limited Company. Prime Life Insurance Company Limited was incorporated as a public limited company in June 2007. Himalayan Bank Limited was established in 1993 in partnership with Employees Provident Fund of Nepal and Habib Bank limited of Pakistan.
Besides these, the Group is involved in bottling and refilling of Liquified Petroleum Gas, drilling and boring deep tube-wells for irrigation, consultancy and representation in the field of Power, Transmission Line, Hydroelectricity, Construction, etc., and other various import and export activities, marketing and distribution activities in sound ventures and instruments. Some of the other companies as well as associate companies of Khetan Group are Mutual Trading Company Private Limited, Himalayan Petrochemicals Limited, Himalayan Agriculture Private Limited and Prime Life Insurance Company Limited.
With an annual turnover of more than US $ 150 million, Sharda Group has been able to earn itself the reputation of being one of the top business groups in Nepal. Since 1970, the group that has been involved in production and marketing of carpet and wool, cement, flour and rice, homecare, noodles and snacks, oil and ghee, oxygen, plastic, rubber and footwear, soaps and chemicals and wires and cables. The group started its business with garment industries but it was the establishment of a rice mill at Lahan in 1948 which gave it the real success.
The Group also owns Pioneer Carpet Industries as a solo project and Shangrila Housing, Bajra Shangrila Residency, Infratech and Shivam Cement Industries as joint ventures. Sharda Group is involved in the export-import of a wide variety of products like Copper and Brass Scrap, Zinc Ingot, Zinc Dross, M.S. Plates, Rice, Silk, Betel Nuts, Food Products, Chemicals and other miscellaneous items under the company name of Pioneer Marketing. It also has Food and Beverage Division of the company which is engaged in imports of products like Milk Powder, OKI brand Sunflower Oil, Chocolates, Betel Nuts and Dates.
Samiksha Enterprises handles the import and marketing of electrical goods, machinery, consumer goods and chemicals along with marketing of electrical goods under the brand name of ‘Premier’. The company is also involved in the import and marketing of the consumer and cosmetic products like toothpaste, tooth brush, powder, bathing soap, candy, etc. Sharda Group is also involved in providing Banking and Financial services with the establishment of Kumari Bank Limited and Sunrise Bank Limited Nepal Merchant Banking and Finance Limited. The Group had also started Ridi Hydropower Development Company Private Limited.
One of the most dynamic business houses in Nepal, Vaidya’s Organization of Industries and Trading Houses or VOITH represents a wide range of integrated trading houses, industrial enterprises, services, construction activities and educational academics. Some of the companies operated by VOITH are United Traders Syndicate (UTS) Private Limited, Subirasa Incorporated Private Limited, Sujaki Incorporated Private Limited, Vijaya Motors Private Limited and Agni Incorporated Private Limited for automobiles, Guranse Tea Estate Private Limited, Mai-Ilam Guranse Tea Industries Private Limited and Nirvana Tea Processing and Packaging Private Limited for tea production and packaging, Agri Breeders Private Limited and Nepal Wellhope Agri-Tech Private Limited for dealing with agri-products, Nepal Singha Construction Private Limited, NeKo Alliance and Tawache Brick and Tile Industry for construction and Vijaya Academy of Health and Science for education.
It has established a contact center named Serving Minds Private Limited as a joint venture with the Mercantile Group in 2001. It has built a number of schools close to its tea gardens and agro-based industries for the employee’s children, provides scholarships to the orphans, the handicapped and poor children in different schools across Nepal and has also been sponsoring the education of seventeen Nepalese students pursuing their degrees in medicine, engineering and agriculture in Philippines. It has built waiting stands at the bus stop, gifted vehicles to the Nepal Red Cross Society and Nepal Family Planning Association and has also setup awards for conservationists. It has been sponsoring the All-Nepal Annual Toyota Hockey Tournament, Toyota Golf Tournament and the ANFA Football Tournament. Besides these, the organization has sponsored various events such as Women’s Motor Rally and the International Marathon which was organized in Nepal for the first time.
Jyoti Group is one of the leading business houses in Nepal founded by Maniharsha Jyoti Kansakar. Jyoti Group of Companies, although its major field of business is travel, is also involved in other sectors. Some of the companies that comes under the sole as well as joint venture of the Jyoti Group are Syakar Company Limited, Himal Iron and Steel Private Limited, Himal Wires Private Limited, Himal Oxygen Private Limited, Bhajuratna Engineering and Sales, Bajuratna Pharma Private Limited, Syamukapu, Suruchi Travels and Tours (1990), Himal Agencies, Jyoti Yarn Processing Private Limited (1994), Jay Spinning Private Limited (1989), Butwal Power Company (1966), Sagarmatha Insurance (1996) and Grande Hospital (2012).
Manisharsha Jyoti founded the trading company Syamukapu in 1920s which acted as the rise of the empire of the group in the country. In 1964, Bhajuratna Engineering and Sales Limited was established followed by Syakar Company Limited in the year 1976. The first Nepalese iron and steel factory Himal Iron and Steel was established in the year 1961 which was later joined by cement factory, Himal Wires Private Limited, Himal Oxygen Private Limited, Jay Spinning Mills Private Limited, Jyoti Yarn Processing Private Limited and the Jyoti Farm. Himal Agencies of the Group was established in order to provide Kolkata-to-Nepal logistic solutions and offers freight clearing, forwarding and transportation (ocean and inland) services from the lifeline of Nepal’s imports and exports, Kolkata port to different destinations in Nepal. The group of companies, with its diverse sectors, has been able to present itself as one of the top business houses in Nepal.