In 2013, Mr. Binod Chaudhary was recognized as the wealthiest man in Nepal with an estimated net worth of $1 billion and the number continues to rise to this date. The Pandora Papers is an outcome of that surprising silence. According to the NepaLeaks expose, Zhodar Investments Limited had funneled a total of $48,372,222 (483,722,210 rupees) to Sumargis companies in Nepal. He was one of the few businessmen who would take items to the palace and present his items for an open shop for the queen and king. The case filed against them by the CIAA is pending at the Special Court. This provision does not allow any Nepali citizen to take money out of Nepal and invest elsewhere, said Khanal. Nangchen Associates Private Limited is newly incorporated business organization in 2009 A.D. under the Company Registration Office, Department of Industry People Republic Nepal. According to records from Overseas Management, a Geneva-based law firm, the Golchhas have opened an account at Barclays Bank in Switzerland for transactions through Flatwood Limited. Our Logistics activities range consolidation services 100 tones Address91 Binayak Marg, Kamaladi Ganeshthan, Kathmandu, Nepal,KathmanduBusiness typeAgent, Dear Sir,we are importer textile and electronics goods in Nepal.We are interested in A grade stock goods in textile.We are import eletronics consumer goods from China and Singapore.ThanksShibu, Address12/499,Nagal ToleKathmandu,Bagmati AnchalBusiness typeTrading Company. He is the beneficial owner of the company. suppling huge quantity mushroom throughout kathmandu valley near by district hoping extend Addressbuddhanagarkathmandu,kathmanduBusiness typeDistributor/Wholesaler. Its beverage is easily found in all parts of almost every country. This inaction appears to be encouraging Nepalis to invest in tax haven countries and also indicates that Nepali politicians could be cooperating with the accused. This is the age of business and chances are that soon enough, Nepal too will be known as an industrial country and not just an agricultural country. The company Tuborg originated from Denmark in 1873. He owns $3 million worth of real estate in Thailand. MyShopAsia.com is an online outlet for retailers and wholesale buyers handmade products direct from the land of Himalayas in Nepal. L.G. View all features Validated Nonprofits In 1993, Golchha Organization received permission to bring Rs. Name of Countries. Others identified as operating offshore companies from tax haven countries include Rajendra Shakya of Pulchowk, Lalitpur; Sudhir Mittal of Gyaneshwor, Kathmandu; business persons Suhrid Raj Ghimire and Purushottam Poudyal; British citizen Janak Daniel Basnet; and Indian citizen Radhe Shyam Saraf. Dear SirI Interested to work with your company so please provide us the details information about your company. 2 Some of the biggest issues facing poverty-stricken citizens are the prevalence of preventable . Asmita is Sumargi's wife and it appears that he set up the company under her name. However, the controversial Tax Settlement Commission decided that the Mills was only required to pay Rs 400,000 to the state treasury, waiving the remaining amount. The brand ambassador for Dabur Nepal is none other than the megastar Rajesh Hamal. Despite being a relatively small and agricultural country, Nepal has managed to house numerous industries and companies. We are a major conglomerate in Nepal with strong manufacturing base paper, sugar, wires and cables, rice poultry feed trading wide range of products. Purushottam Poudyal is an investor in Echo Bay. Janak is an investor in Senex. The managing director of this law firm is Sotirios Pittas, a Cyprus national who is one of Sumargis business partners. Tips to Stay Happy & Healthy After Your Retirement. Of this, 763.11 square kilometers of government land have been registered in the name of Purushottam Poudyal. According to the Pandora Papers, the companies include are Cinnovation Incorporated, CG Hotels and Resorts Limited, and Sensei Capital Partners Incorporated in the British Virgin Islands; CG Hospitality Holdings Global Pte. He bought the shares for $59,628 at the rate of $1.98760 per share. According to an email conversation between employees of Asiaciti Trust, a Singapore-based law firm, his attempts to open a company did not comply with legal provisions. It was founded by Dayabir Singh Kansakar in 2004 BS. 1 The last several decades have been characterized by political unrest, changing leadership, and new constitutions. Ghimire is the chairperson of Continental Trading Enterprises, the authorized distributor of Kia Motors in Nepal, while Poudyal is the executive director. Chaudhary Group is also Nepals first organization to have such a big and diverse distribution of the network. Television has been able to make a remark among Nepalese customers despite the competitiveness in the market of television. Top Investor Types Venture Capital , Private Equity Firm , Accelerator , Entrepreneurship Program , Government Office. #6 Crown Plaza: One of the largest companies operating its services in hotel and resorts is Crown Plaza. According to the Pandora Papers, Sumargi also invested in The Awej International Limited in 2008 and Worldwide Incredible Limited, both in the British Virgin Islands, on September 9, 2011. This page is not available in other languages. The Indian Embassy in Kathmandu verified the documents that show Radhe Shyams sons investment in The Davita Trust and The Varunisha Trust, saying that no responsibility is taken for the contents of the document(s).. One of the leading multinational company in Nepal in the sector of chemical manufacturing is Nepal Battery. At least 7 shareholders are required for a public limited company. They have headquarters in a home country with business operations in several countries. They own and control the production of goods and services in two or more countries other than its home countries. we are one of the good manufacurer of readmade garments, Addresskathmandu nepalkathmandu,Business typeManufacturer, We manufacturer different types of pashmina shawls and other pashmina products like knitwear gloves , shocks , caps etc, Addresskalankikathmandu,Business typeManufacturer. According to an official from Nepal Rastra Bank, Nepalis must seek permission from the central bank before being allowed to hold investments abroad. has also produced other electronic devices such as refrigerator, television, iron, etc. Series A, Seed, Private Equity), Average of the Crunchbase Ranks of the organizations in this hub, Organization Name: Name of the Organization, Total Funding Amount: Total amount raised across all funding rounds, CB Rank (Organization): Algorithmic rank assigned to the top 100,000 most active Organizations, Trend Score (30 Days): Movement in Rank over the last 30 days using a score from -10 to 10, Total number of funding rounds associated with this hub, Total funding amount raised across all funding rounds, Total number of acquisitions made by organizations in the hub, Announced Date: Date that the Funding Round was publicly announced, Organization Name: Name of the organization that got funded, Transaction Name: Auto-generated name of transaction (e.g. What are the current top 10 big companies in Nepal? Additional details have now emerged about the offshore transactions of Ajeya Raj Sumargi Parajuli, whose involvement in transferring money from Nepal to offshore companies set up in tax havens and then repatriating the money to Nepal as foreign direct investment (FDI) was previously illustrated on January 16, 2019 by CIJ-Nepal, in collaboration with ICIJ. Copyright 2015-2020 listcompany.org . Average Founded Date Mar 20, 2009. Wikipedia categories named after organisations based in Nepal, https://en.wikipedia.org/w/index.php?title=Category:Organisations_based_in_Nepal&oldid=858936739, Creative Commons Attribution-ShareAlike License 4.0, This page was last edited on 10 September 2018, at 16:39. Which companies in this hub have the most subsidiaries? we are non registered local level distributor of mushroom. Ramu Sapkota Ramu Sapkota is an investigative journalist. Rajendra Shakya of Pulchok, Lalitpur, has invested in Gold Time Global Limited in the British Virgin Islands using his Nepali passport. Radhe Shyam and Ratna opened Saraf Hotels Limited in Mauritius. Documents show that they opened the company using their Nepali passports and Nepali address, which is blatantly illegal according to Nepali law. we have not own school sending to other school we helping to their schooling expense from the sponsor and donor in this time so many child are waiting to . Unilever also sells its products in more than 50 countries including USA, Brazil, India, Germany, etc. Although Nepal has a high potential for growing local products, most of the goods are imported and the citizens rarely opt for growing the raw materials in their land. Answer: Transparency International Nepal (TIN) is a civil society institution dedicated to increasing public accountability and curbing corruption in all walks of life. It has influenced a lot of people in India and Nepal with its product choices. a community based trading stand individual entrepreneurs independent small-scale cottage AddressBaluwatar 4,kathmandu,Baluwatar 4,Business typeManufacturer. Furthermore, Sumargi has also been found to have invested in The New Digitek International Limited in the British Virgin Islands. The New Digitek is a company that buys and sells shares of internationally renowned companies and trades in telecommunications with permission from various countries. Dugar has been estimated to have an annual turnover of 20 billion. Another company in the British Virgin Islands is Globe Chemical Trading Limited, with Janak Kumar Basnet, Ann Monica Hannan, and Daniel Basnet as directors. Accelerator, Entrepreneurship Program, Venture Capital. AddressBagbazarKathmandu,BagmatiBusiness typeManufacturer. Language links are at the top of the page across from the title. According to documents, the company aims to hold a 50 percent stake in Nepali companies that provide airtime services for mobile users in Nepal. Krishna Acharya, Number of Founders 245. Nepal Electricity Authority. The Pandora Papers reveals that Sumargi had set up Zhodar Investments in the British Virgin Islands in 2010. Rana also has 10,000 units of share in Canadas Cameco Corporation, which is the worlds largest uranium trading company. Nepal Telecom Private Limited Company is the main trading partner of this company. #4 Coca-Cola: Coca-Cola is undoubtedly the worlds largest consumed beverage. The largest database of NGOs GlobalGiving Atlas has more than 8.7 million validated nonprofits, charities, and NGOs, including 1,781 charities and nonprofits in Nepal, making it the largest list of nonprofits available. According to my father who is also Chaudhary Group Chairman, all of our foreign investments are in compliance with Nepali laws. Japan, San Francisco, Europe, Asia), CB Rank (Event): Algorithmic rank assigned to the top 100,000 most active Events. AddressWard No. What's the investment trend over time for this hub? To ensure equitable, inclusive, free, compulsory and quality education for children, youth and adult as their fundamental right to education in Nepal. Flatwood Limited initially bought 1,317.5 shares but after some time, seems to have transferred 384.166 shares to Hulas Metal Craft Limited. Sumargi is the director of The New Digitek International while Asmitas World Limited is a shareholder with 100 units of shares. Rana also owns 90,200 units of shares in Gold Standard Ventures Corp, purchased for $210,131.724; 100,000 units of shares in Tanzanian Royalty Exploration, purchased for $48,068; 200,000 units of shares in Bonterra Resources Inc., purchased for C$64,132; 150,000 units of shares in Integra Gold Corporation, purchased for C$116,988; 107,500 units of shares in Orca Gold Inc., worth C$46,954.925; 60,000 shares in Pure Gold Mining Inc., worth C$40,983. For this company, Mittal has listed the United Arab Emirates as his address. we are non profit Organization base in Nepal registered government and local community office The Name of Better Life Social Organization started from 2011. we are helping to very needy child education who are living riverside tent house. He is one of the wealthiest men in Nepal with an estimated net worth of over $500 million. These companies may acquire their finances with the support of other countries, the World Bank, or the government manages the sources. According to documents, Mittal, who is the beneficial owner of the company, has also opened bank accounts in the name of the company and has submitted documents stating that he himself is the secondary beneficiary of the companys property. we have clients almost all AddressKupondoleLalitpur,BagmatiBusiness typeManufacturer, Looking for BWT SSB 15 watt equipment and batteries for SSB and related accessories with leaflets and catoglues, Address889 Bhimsen Gola Marga, BanesworKathmandu,KathmanduBusiness typeTrading Company. It has a population of 26.4 million and is the 93rd largest country by area. An international investigation has revealed how many Nepali business persons and companies have used tax havens to stash wealth and avoid taxes. A number of prominent Nepali business persons and companies are involved in clandestine investments and transactions involving the buying and selling of shares by setting up shell companies in tax havens countries that are known to make it easy to hide ill-gotten wealth. If you dont have an account, please create an account. It has also obtained permission to work in Nepal. National Exports Private Limited is an emerging export company exporting Nepalese herbal extracts, fashion garments, feathers, handicrafts and other items. Terraced rice farming in Nepal. According to documents obtained from ICIJ, British national Janak Daniel Basnet and Irish national Ann Monica Hannon, alongside Janak Kumar Basnet, are the companys directors. Best of all, it's a nonprofit organization which means that 100% of the proceeds go towards bettering the life of children in Nepal. Vijaya Gajananda Vaidya, the founder of VOITH started his business journey in Nepal by investing all his money in the establishment of the United Traders Syndicate which then became the only distributor of Toyota Motors in Nepal. It is one of the multinational company in Nepal which is operating its services in the sector of paints. It situated in Kathmandu, the Capital city of Nepal. This company deals with the production of many goods such as shampoo, soap, salt, flour, ice-cream, tea, coffee, etc. This beverage comes in different ranging from small to jumbo pack with small quotes written on them. Location Nepal, Asia. We are manufacturer & exporters of Nepalese handicrafts good such as metal statue of god & goddess. to job-seeker, business to the investor and vice-versa, Rolling Nexus has been comprised of different modules to Addressbolachhen-12bhaktapur,Business typeAgent, All THE MATERIALS MUST ME QUALIFIED AND RELIABLE..And our goods are very popular in most of the countries such as Asia, Japan,an Europe and USA, AddressMANAMAIJU-9,NEPALTARKATHMANDU,Business typeDistributor/Wholesaler. So far, only Binod has applied for permission, said the official who did not wish to be named. Unilever also sells its products in more than 50 countries including USA, Brazil, India, Germany, etc. Records show that he is the beneficial owner and also the director. Ltd. Wateraid Nepal Name of the INGO Organization: Wateraid NepalMailing Address: WaterAid2nd floor,47-49 Durham Street,London,SE11 5JD, UK. The Mountain Museum in Pokhara, a hub of tourism in Nepal. This page is not available in other languages. Chaudhary Group responded to these revelations in a short emailed comment. They are responsible for outgrowth of international businesses. Dabur is also known for its production of Ayurvedic medicines. Also with the added downside of Nepal being a landlocked country, many private companies have managed to thrive and get recognition worldwide and many more have the same potential. It is also one of the leading manufacturer of battery as it installs the required chemicals in a battery. This company deals with the production of many goods such as shampoo, soap, salt, flour, ice-cream, tea, coffee, etc. Besides this, any investment abroad by Nepalis is illegal.. Nepal is a landlocked central Himalayan country in South Asia. At least 51% of the total share capital is held by the government. "National Population and Housing Census 2011 (National Report)", "The World Factbook: Rank order population", "Nepal Status Paper United Nations Conference on Sustainable Development 2012 (Rio+20) Synopsis", https://en.wikipedia.org/w/index.php?title=List_of_companies_of_Nepal&oldid=1161235609, Financials, oil & gas, industrials, travel & leisure, Mobile phones, Consumer Goods, Automobiles, Real estate, This page was last edited on 21 June 2023, at 12:47. Ghimire and Poudyal together opened the company by purchasing three and one unit of share respectively, at the rate of one USD. Step 1: Forming a team and obtaining the necessary documentation A minimum of seven board of members holding Nepali Citizenship are required: one President, one Vice-President, one Secretary, one Treasurer, three or more members. This report was produced by the Center for Investigative Journalism-Nepal in collaboration with the International Consortium of Investigative Journalists. Infrastructure Rural and community development Health Education Agriculture and environment Biodiversity Climate change Forestry Agriculture development See also Category: Non-profit organisations based in Nepal References External links NGO Federation of Nepal "NGOs affiliated with Social Welfare Council (2034 - 2067 Ashad masant)". We imports any kind of electronic goods and market it here in Nepal. It leads to inequality. Authorized distributor for many brand in Nepal. The Golchha family now governs more than 100 companies. In Nepal, both government-owned as well as private companies have set an example for the industrial potential of the country. This system invites all, of the evils of the world, and there doesnt seem to be a purpose to this system except to enrich some people,. In 1991 the kingdom established a multiparty parliamentary system.In 2008, however, after a decadelong period of violence and turbulent . L.G. LED Services Establishment, a Liechtenstein-based company, has 100 units share in Ellenborough. Addresskawi toleBiratnagar,MorangBusiness typeManufacturer. Pepsi is one of the competitor of Coca-Cola as it also has a different taste as a beverage. CB Rank (Hub) 17,000. Rana also owns 90,200 units of shares in Gold Standard Ventures Corp, purchased for $210,131.724; 100,000 units of shares in Tanzanian Royalty Exploration, purchased for $48,068; 200,000 units of shares in Bonterra Resources Inc., purchased for C$64,132; 150,000 units of shares in Integra Gold Corporation, purchased for C$116,988; 107,500 units of shares in Orca Gold Inc., worth C$46,954.925; 60,000 shares in Pure Gold Mining Inc., worth C$40,983. The name of the company will end with Pvt. Commission chairperson Lumdhwaj Mahat, Chartered Accountant Umesh Dhakal, and then Director-General of the Inland Revenue Department (IRD) Chudamani Sharma are all facing, Shakya is the chairperson of Guna Group, which has invested in real estate, cooperatives, and Guna Airlines. This is a list of agencies and departments of the federal Government of Nepal.[1][2][3]. What's the most common types of sub-organization? Owned by one individual or a group of people. Initiate activities/ events/ dialogue/ networks/ alliance building aimed for mass sensitization on the education issues. With the mission of accelerating the connections between employer Please contact us for further details. Private companies are established with the motive to earn a profit. The host countries are generally developing countries anywhere in the world Advertisement The prime motive of these companies is not meant to be profit earning of an individual but rather holistic and country-oriented. According to records from Trident Trust, Sharma in 2019 invested in Delore Ventures Limited, a company registered in the British Virgin Islands, on May 12, 2010, using his Nepali passport and address. Description: Throughout recorded history, Nepal has nestled between the giant cultural formations of India to the south and China/Tibet to the north. Formalization of CS only began after 1951, when the . Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. The main motive is the betterment of people rather than being profit-oriented. Nepal, long under the rule of hereditary prime ministers favouring a policy of isolation, remained closed to the outside world until a palace revolt in 1950 restored the crown's authority in 1951; the country gained admission to the United Nations in 1955. Nepal has been in a political transition phase since 1951 (to date) and has a short history of formal civil society organizations (CSO). Sumargi, a resident of Baneshwor, Kathmandu, has mentioned his residential address as the United Kingdom. According to this provision, if a Nepali citizen lives abroad for 183 days and earns an income, they can invest that income there, said former finance secretary Rameshore Khanal. if you want to give us technology supported .we will proud of you, AddressVsss road, 5Gaindakot,NawalparasiBusiness typeDistributor/Wholesaler. i want to make paper cup or related goods i need to get information about such machine or raw matarials, Addressdhangadhidhangadhi,Business typeManufacturer. The first name that comes to the mind of Nepalese people when it comes to instant or fast food, it is Wai Wai. We are the service providers to our clients in Nepal for all Plastic Raw Materials & chemicals .We working as Indenting Agents manufacturer of All polymer on commission basis . To facilitate empowerment and improvement of the lives of poor, marginalized and excluded children, youth and adult through research, policy advocacy, capacity building of stakeholders, solidarity building, resource mobilization, networking, education resource and information dissemination and act as a watch dog and pressure group. Source: SWC Most of the people use it as a refreshment when they catch up with their relatives or friends. Ghimire and Poudyal are also linked to Nepals infamous Baluwatar land grab scam. have been in this feild since 2 years and able to satisfy the customer dealing with. For further information on the types of business entities in this country and their abbreviations, see "Business entities in Nepal".