About Us

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.

Shree Madan Lal Agrawal (Late)

Shri Madan Lal Agrawal was one of Nepal’s most prominent and reputed industrialist. He actively engaged with various prominent institutions- Nepal Chapter of UNESCO, International Red Cross Society, Federation of Nepalese Chamber of Commerce and Industry, Nepal Foreign Trade Association, Tariff Board, Tribhuvan University, and Lions Club International. For his service to the country he was conferred Nepal’s highest civilian honor-“Suprasidha Prabal Gorkha Dakshin Bahu” (Class First). Shortly after his death the Nepalese Government issued a postage stamp in his honor. He was the first industrialist in Nepal to receive this honor.

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, SMat, Tufted Carpet, 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

Business References


“Our bank has worked with Reliance Group’s subsidaries as thier primary banker. The company is not only fiscally sound but also has tremendous reputation in the market.”
– Nepal Investment Bank

“Reliance Group has been a strong partner for Arcelik over many years. Given their long business history in Nepal and strong distribution setup, we were quickly able to ramp up Beko brand and gain good market share.”
– Ufuk Sivrikaya, International Sales Manager at Arçelik A.Ş.

“We have been associated with Reliance Group since the last 5-6 years and our joint endeavor – Unitech Cement – is a success owing because of Reliance Group’s strong zeal and good business acumen.”
– Jeewan Agrawal, Managing Director of Shalimar Group

“The quality of Yeti Polychem’s flooring is unmatched in the market. In a short amount of time they have become the market leader in the country, and our clients, both retail and institutional, are constantly asking for Yeti products to furnish their homes and workplace.”
– Shuvendra Joshi, Director of BNRO Traders

“We have been using Reliance and Jaypee Cement for our construction projects for over 20 years. Not only is the cement by Reliance Group of extremely high quality, they also provide excellent customer service and we can always expect to them deliver our order on time.”
– Shambhu Prashad Phuyal, General Manager of CE Construction Pvt. Ltd.

Our Banker


  • Civil Bank
  • Himalayan Bank
  • Nepal Investment Bank
  • Sanima Bank


Our Membership


  • Federation of Nepalese Chambers of Commerce and Industry
  • Confederation of Nepalese Industries
  • Cement Manufacturers Association of Nepal
  • Clinker Manufacturers Association of Nepal
  • European Economic Chamber
  • Makwanpur Chamber of Commerce
  • Nepal Britain Chamber of Commerce & Industry
  • Nepal Foreign Trade Association
  • Nepal Plast

Executive Board

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Reliance Care is Reliance Group’s CSR initiative. The Group sets aside money each year to help the communities that we do business in. The Group has helped establish schools, hospitals, and community centers. Through our Reliance Care initiative, we have also provided funds for disaster relief, social service projects, and economic supplement schemes.

Some of the major projects undertaken are:

• Jagganath Dedraj Maternity Hospital in Dharan (Eastern Nepal)
• Smt. Sewali Devi Todi CCU and ICU unit of Koshi Anchal Hospital, Biratnagar (Eastern Nepal)
• Dedraj Sewali Devi Todi DAV Vishwa Bharati School in Biratnagar (Eastern Nepal)
• Jagganath Dedraj Atithi Sewa Sadan at Badrinath Dham (India)
• Sri Ganesh School in Budhanilkantha, Kathmandu
• Health Post in Tipine, Sindhupalchowk (North Central Nepal)

Capital Markets And Insurance

Click on the logos above for the more information on the institution. 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 with a capital base of NRS. 200 million in 2010, which later merged with Reliable Finance Limited and Nepal Consumer Development Bank Limited in Q1 2014, and was renamed Reliable Development Bank Limited. In 2016, Reliable Development Bank Limited, was acquired by Global IME Bank Limited.


Established in 1995, the group is a joint venture between two of Nepal’s leading industrial institutions, the Todi family and Chainwala (Agrawal) family. The two families have been at the forefront of trading and industrial activities in the country since the early 1900s. Both were competitors in field of cement trading prior to the formation of the Group. The Group’s annual turnover exceeds US$ 100m with cumulative investment exceeding US$ 41m.


  • To be pioneers in the introduction of products and services as per the requirement of the local market
  • To supply products that consistently exceed customers expectations and gain competitive advantage in terms of quality and service
  • To maximize the utilization of local resources in carrying out our industrial activities
  • To create a work environment that fosters teamwork and participation, and provides opportunities for learning and career progression
  • To be considerate of our environment, ensuring compliance with relevant laws and regulations, and carrying out our activities in a sustainable and eco-friendly manner