WELCOME TO RELIANCE GROUP NEPAL
Established in 1995, Reliance Group Nepal is a joint venture between two of Nepal’s leading industrial institutions, the Todi family and Chainwala (Agrawal) family. The portfolio of the Group’s business is primarily in manufacturing (cement, paper, and flooring), trading (cement and home appliances), and mining of limestone. The Group also boasts significant investments in the leading banks and insurance companies of Nepal. The Group also has investments in two hydroelectric companies.
Finance / Capital Market
One of Reliance Group’s strategic investments has been in the banking sector. Reliance Group has the largest promoter share in Siddhartha Bank Limited and is a key promoter of Kumari Bank Limited. In 2016, both the banks had a combined annual profit of over Rs. 2 billion. Furthermore, the Group promoted SubhaLaxmi Finance Limited as a national level Finance Company ..
Over the last decade, Nepal has faced a persistent energy crisis. Reliance Group believes that a free-market solution along with sound government policies can eradicate the power shortage faced by the country. The Group has thus partnered with a consortium of Nepalese entrepreneurs to promote two run-of-the-river hydropower projects in Nepal..
Manufacturing is one of Reliance Group’s strongest competencies. The group is currently manufacturing four products: Cement (Reliance Cement), Reliance Supertech Cement), Paper (Reliance Paper), Portland Cement Clinker (Unitech Cement), PVC flooring and artificial leather (Yeti Polychem), and non-woven and tufted flooring (Yeti Carpet)...
Reliance Group’s first foray into mining was in 2005 when it acquired Annapurna Quarries to source limestone with the intention of backward integrating Reliance Cement and setting up a clinkerisation unit. However, owing to the quality of the limestone and the Group’s effectiveness in extracting the raw material, the company started supplying limestone to various cement manufacturers in Nepal...