Chairman’s Message

Filling the shoes of our eminent founding chairman was a tall order for me. However, I took on the challenge to build on his wonderful legacy. Along with me, the strong team at Reliance Group maintained the singular purpose of “Facilitating the Nations Growth” without compromising on our values: respect, integrity, and honesty.

Over the last two decades, the Group has established and promoted Nepal’s leading companies and financial institutions. From founding two of Nepal’s largest banks – Siddhartha Bank Limited and Kumari Bank Limited, to being the first Group to manufacture Kraft paper, PVC flooring, and establishing a Mutual Fund, the Group has been in the forefront of innovation and growth.

The Group, through its trading arm, has introduced the global number one home appliance brand, Haier, and Europe’s second largest home appliance brand, BEKO, to Nepal. The Group is also one of the exclusive distributors of Jaypee Cement – the country’s number one selling foreign cement brand.

Looking to alleviate the country’s severe electricity shortage, the Group has been involved in the promotion of two hydro-electricity projects of 42 MW and 5 MW capacities. Among other activities, the Group mines and supplies limestone to some key cement companies of Nepal.

Furthermore, for the upliftment of Nepalese society, the Group has set up a school and various health clinics in rural Nepal. The Group has also made a conscious effort to vertically integrate its manufacturing to utilize Nepal’s natural resources and employ more Nepalese workers.

In the coming decades, I believe that Reliance Group will continue to lead the way in facilitating our nation’s growth. We thank you for your support and assure you of our assistance.

Binod Kumar Agrawal