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

Executive Board

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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.

Jagganath Dedraj Atithi Sewa Sadan at Badrinath Dham (India)

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.

Yeti Polychem Pvt. Ltd. (Hetauda Industrial Area)

Yeti Polychem P. Ltd is a joint venture between Reliance Group and Kedia Organization. Yeti Polychem is Nepal’s first PVC flooring and artificial leather manufacturing company. Yeti PVC flooring is the market leader in Nepal with a market share of over 90% in its category. Along with serving the Nepalese market, the company’s flooring is exported to major Indian cities such as Delhi, Chennai, Bengaluru, Kolkata, and Varanasi.