Top 10 Entrepreneurs in Nepal (2023)

Last updated on 2024-07-16
Top 10 Entrepreneurs in Nepal (2023)

Nepal has a thriving entrepreneurial ecosystem, with many inventive and successful entrepreneurs contributing to the country's economic development and prosperity. Today in this article we will take a look at the top 10 entrepreneurs in Nepal (2023).

*The data is ranked on the basis of research done by The Everest List.

10. Karna Shakya

Karna Shakya
Image Source: Wikipedia

Karna Shakya was born on April 2, 1943, and is a Nepalese environmentalist, hotel entrepreneur, writer, and philanthropist. He worked as a wildlife officer and played an important role in the creation of Nepal's first national park. He left his government post in 1970 to pursue a career in tourism, and today he owns a chain of eco-friendly hotels in popular tourist destinations such as Kathmandu, Pokhara, Chitwan, and Lumbini.

  • Net worth : 3-5 Million USD
  • Company : Chainrai institution of companies

9. Ambika Shrestha

Ambika Shrestha
Image Source: Online Khabar

Ambika Shrestha is the president of Dwarika's Group and the Managing Director of Kathmandu Travel & Tours and Nepal Trek and Natural History Expedition. As president of the National Heritage Society, Ambika Shrestha has been a prominent figure in the tourism business, paving the path for others. Ambika Shrestha is also the Chairman of Himal Media, the President of the Federation of Business and Professionals of Nepal Heritage Society, and a member of the boards of various organizations.

  • Net worth : 50 million USD
  • Company : Dwarika’s Hotel

8. Balram Chainrai

Balram Chainrai
Image Source: Dailymail

Balram Chainrai (also known as Balu) is the son of British Gurkha army officer P. G. Chainrai. Balaram was born in October 1958. Mr. Balaram was educated in Hong Kong and speaks Cantonese, English, and Sindhi well. Mr. Balaram established himself as a leading businessman in Hong Kong after starting his commercial career at a young age. Mr. Balaram is the founder of the Hong Kong-based Chainrai Group of Companies. Balram serves as the CEO of Hornington Enterprises Limited. Hornington, Balram's major company, manufactures electronic items, toys, household appliances, computers, and related equipment, as well as handles trade finance operations.

  • Net worth : 70 million USD
  • Company : Hornington Enterprises Limited’s

7. Min Bahadur Gurung

Min Bahadur Gurung
Image Source: Towards business

Gurung was born to a farmer's family in Khotang. Mr. and Mrs. Gurung began a single-shutter grocery store with an Rs. 35,000 investment. Gurung went on to have a successful banking career after earning his Master's degree in Economics. However, he desired to quit this position to lead Bhat-Bhateni to greater heights. His first important achievement toward his goal was extending the business to a supermarket in 1992 with an Rs. 2500000 investment. Today, the Bhat-Bhateni store chain is the most well-known in Nepal. He employs over 4500 people and has daily sales of more than Rs. 3.5 crores. For the last five years in a row, the company has been the largest taxpayer in the retail industry.

  • Net worth : $70 million,
  • Company : Bhabhateni supermarket

6. Aaditya Jha

Aaditya Jha
Image Source: All Nepal wiki

Aditya Jha grew up in Janakpur, Nepal, in a middle-class family. Jha is a well-known serial entrepreneur and philanthropist. Aditya Jha is the president and CEO of the successful software company OSELLUS Inc., which is situated in Singapore. Jha also owns Karma Candy, one of Canada's largest confectionery companies.

  • Net worth : $100 million
  • Company : OSELLUS Inc.,Karma Candy

5. Ajeya Sumargi

Ajeya Sumargi
Image Source: Towards business

The Chairman of the Muktishree Group of Companies Ajeya Sumargi, is one of the richest men in Nepal. He is also the CEO of Nepal Satellite Telecom Pvt. Ltd. Ajeya also works as a promotion director for Ncell Pvt. Ltd. He has been involved in various commercial initiatives in Nepal, including Muktishree Hydropower, Himalayas Spring Water, Hetauda Academy, and the National College of Higher Education (NCHE).

  • Net worth : 200 Million USD
  • Company : Muktishree group of companies

4. Upendra Mahato

Upendra Mahato
Image Source: My republica

Upendra Mahato is a well-known philanthropist and businessman with business in several European and Asian countries. He founded and served as the first president of the International Coordination Council of the Non-Resident Nepali Association. He is also the President of the Russia-Nepal Chamber of Commerce and Industry and the Honorary Consul General of Nepal to the Republic of Belarus.

  • Net worth : $250 million to $900 million
  • Company : Mahato Group of Industries (MGI)

3. Birendra Bahadur Basnet

Birendra Bahadur Basnet
Image Source: Buddha air

Mr. Surendra Basnet co-founded Buddha Air with his father, brother, and wife, and served as its Managing Director until his father's death in December 2022. He was born on July 6, 1964. Birendra was appointed as the Executive Chairperson of Buddha Air following a general meeting conducted on March 6, 2023, with the company's investors and board members. During his 26-year leadership of Buddha Air, it has been known as the Nepalese people's first choice for an airline.

  • Net worth : 1.2 billion
  • Company : Buddha Air

2. Shesh Ghale

Shesh Ghale
Image Source: Wikipedia

Shesh Ghale is a Melbourne-based businessman and former president of the Non-Resident Nepali Association (NRNA). Ghale co-founded the Melbourne Institute of Technology (MIT) with his wife, Jamuna Gurung. Ghale is one of the wealthiest persons in Nepal and the 78th wealthiest guy in Australia.Ghale was born in Lamjung district in 1963. He is currently residing in Melbourne, Australia. Ghale became an Australian citizen in 1997.

  • Net worth : 1.6 Billion
  • Company : Melbourne Institute of technology

1. Binod Chaudhary

Binod Chaudhary
Image Source: https://www.facebook.com/photo/?fbid=224699214340139&set=a.237472341065340

Binod Kumar Chaudhary is a Nepalese wealthy businessman, politician, and philanthropist. He is the Chaudhary Group (CG) chairman and president. Beginning in the late nineteenth century with his grandfather's move from Rajasthan to Nepal. Chaudhary's business portfolio includes 160 firms, 123 brands present on five continents, and 27 countries.

  • Net worth : 1.8 billion USD
  • Company : Chaudhary group comprises

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10. Karna Shakya

Karna Shakya
Image Source: Wikipedia

Karna Shakya was born on April 2, 1943, and is a Nepalese environmentalist, hotel entrepreneur, writer, and philanthropist. He worked as a wildlife officer and played an important role in the creation of Nepal's first national park. He left his government post in 1970 to pursue a career in tourism, and today he owns a chain of eco-friendly hotels in popular tourist destinations such as Kathmandu, Pokhara, Chitwan, and Lumbini.

  • Net worth : 3-5 Million USD
  • Company : Chainrai institution of companies

9. Ambika Shrestha

Ambika Shrestha
Image Source: Online Khabar

Ambika Shrestha is the president of Dwarika's Group and the Managing Director of Kathmandu Travel & Tours and Nepal Trek and Natural History Expedition. As president of the National Heritage Society, Ambika Shrestha has been a prominent figure in the tourism business, paving the path for others. Ambika Shrestha is also the Chairman of Himal Media, the President of the Federation of Business and Professionals of Nepal Heritage Society, and a member of the boards of various organizations.

  • Net worth : 50 million USD
  • Company : Dwarika’s Hotel

8. Balram Chainrai

Balram Chainrai
Image Source: Dailymail

Balram Chainrai (also known as Balu) is the son of British Gurkha army officer P. G. Chainrai. Balaram was born in October 1958. Mr. Balaram was educated in Hong Kong and speaks Cantonese, English, and Sindhi well. Mr. Balaram established himself as a leading businessman in Hong Kong after starting his commercial career at a young age. Mr. Balaram is the founder of the Hong Kong-based Chainrai Group of Companies. Balram serves as the CEO of Hornington Enterprises Limited. Hornington, Balram's major company, manufactures electronic items, toys, household appliances, computers, and related equipment, as well as handles trade finance operations.

  • Net worth : 70 million USD
  • Company : Hornington Enterprises Limited’s

7. Min Bahadur Gurung

Min Bahadur Gurung
Image Source: Towards business

Gurung was born to a farmer's family in Khotang. Mr. and Mrs. Gurung began a single-shutter grocery store with an Rs. 35,000 investment. Gurung went on to have a successful banking career after earning his Master's degree in Economics. However, he desired to quit this position to lead Bhat-Bhateni to greater heights. His first important achievement toward his goal was extending the business to a supermarket in 1992 with an Rs. 2500000 investment. Today, the Bhat-Bhateni store chain is the most well-known in Nepal. He employs over 4500 people and has daily sales of more than Rs. 3.5 crores. For the last five years in a row, the company has been the largest taxpayer in the retail industry.

  • Net worth : $70 million,
  • Company : Bhabhateni supermarket

6. Aaditya Jha

Aaditya Jha
Image Source: All Nepal wiki

Aditya Jha grew up in Janakpur, Nepal, in a middle-class family. Jha is a well-known serial entrepreneur and philanthropist. Aditya Jha is the president and CEO of the successful software company OSELLUS Inc., which is situated in Singapore. Jha also owns Karma Candy, one of Canada's largest confectionery companies.

  • Net worth : $100 million
  • Company : OSELLUS Inc.,Karma Candy

5. Ajeya Sumargi

Ajeya Sumargi
Image Source: Towards business

The Chairman of the Muktishree Group of Companies Ajeya Sumargi, is one of the richest men in Nepal. He is also the CEO of Nepal Satellite Telecom Pvt. Ltd. Ajeya also works as a promotion director for Ncell Pvt. Ltd. He has been involved in various commercial initiatives in Nepal, including Muktishree Hydropower, Himalayas Spring Water, Hetauda Academy, and the National College of Higher Education (NCHE).

  • Net worth : 200 Million USD
  • Company : Muktishree group of companies

4. Upendra Mahato

Upendra Mahato
Image Source: My republica

Upendra Mahato is a well-known philanthropist and businessman with business in several European and Asian countries. He founded and served as the first president of the International Coordination Council of the Non-Resident Nepali Association. He is also the President of the Russia-Nepal Chamber of Commerce and Industry and the Honorary Consul General of Nepal to the Republic of Belarus.

  • Net worth : $250 million to $900 million
  • Company : Mahato Group of Industries (MGI)

3. Birendra Bahadur Basnet

Birendra Bahadur Basnet
Image Source: Buddha air

Mr. Surendra Basnet co-founded Buddha Air with his father, brother, and wife, and served as its Managing Director until his father's death in December 2022. He was born on July 6, 1964. Birendra was appointed as the Executive Chairperson of Buddha Air following a general meeting conducted on March 6, 2023, with the company's investors and board members. During his 26-year leadership of Buddha Air, it has been known as the Nepalese people's first choice for an airline.

  • Net worth : 1.2 billion
  • Company : Buddha Air

2. Shesh Ghale

Shesh Ghale
Image Source: Wikipedia

Shesh Ghale is a Melbourne-based businessman and former president of the Non-Resident Nepali Association (NRNA). Ghale co-founded the Melbourne Institute of Technology (MIT) with his wife, Jamuna Gurung. Ghale is one of the wealthiest persons in Nepal and the 78th wealthiest guy in Australia.Ghale was born in Lamjung district in 1963. He is currently residing in Melbourne, Australia. Ghale became an Australian citizen in 1997.

  • Net worth : 1.6 Billion
  • Company : Melbourne Institute of technology

1. Binod Chaudhary

Binod Chaudhary
Image Source: https://www.facebook.com/photo/?fbid=224699214340139&set=a.237472341065340

Binod Kumar Chaudhary is a Nepalese wealthy businessman, politician, and philanthropist. He is the Chaudhary Group (CG) chairman and president. Beginning in the late nineteenth century with his grandfather's move from Rajasthan to Nepal. Chaudhary's business portfolio includes 160 firms, 123 brands present on five continents, and 27 countries.

  • Net worth : 1.8 billion USD
  • Company : Chaudhary group comprises

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