User talk:Bishnuprasaddahal

Rajendra Kumar Khetan
Rajendra Kumar Khetan or Rajendra Khetan, son of Late Mohan Gopal Khetan who was most richest businessman of Nepal, 40, is a popular tycoon of Nepal. Mr Khetan is the Managing Director or Khetan Group, an Investment & Management Business Group. He is the Hon. member of Constituent Assembly & Legislature Parliament, Nepal. He is the honor of Vice Dean of Honorary Consular Corp of Nepal, Honorary Consul of Portugal and Nepal Advisory Panel of UNaids's Asia Pacific Leader's Forum (APLF) on HIV/Aids. He is the Senate Member of Kathmandu University. He was Chairman of Nepal Britain Chamber of Commerce, Kathmandu Elites RT No 2 Of Int'l Round Table (WOCO) being 'LMF', Employer's Council, Nepal (FNCCI) and Nepal Insurance Association. He was awarded as Person to Watch Boss Top 10 Business Award & Young Entrepreneurship Award 2058, Kathmandu Utsav.



Milestone
IN 1990 ONE OF THE PROMOTERS OF 1st PRIVATE SECTOR COMMERCIAL BANK IN NEPAL IN JOINT VENTURE WITH HABIB BANK OF PAKISTAN (NAMELY HIMALAYAN BANK LTD.). IN 1991 PROMOTED 1st PRIVATE SECTOR DOMESTIC AIRLINES ADDING MILESTONE IN NEPAL'S AVIATION HISTORY (NAMELY EVEREST AIR LIMITED). IN 1994 PROMOTED FINANCIAL SERVICES COMPANY WHICH WAS AMONG NEPAL'S TOP THREE LARGEST COMPANY HAVING BOTH FUNDED AND NON FUNDED ACTIVITIES.

PROMOTED ONE OF THE 1st PRIVATE SECTOR INSURANCE COMPANIES OF 2ND GENERATION WHICH TODAY IS THE LARGEST COMPANY IN THE WHOLE INDUSTRY. 1991 TO 1995 TAKEN THE LEADERSHIP OF THE MANAGEMENT OF GORKHA BREWERY LTD. HAVING CONSTANT/STABLE GROWTH OF ON AROUND 25%/YEAR BEING LARGEST SELLING INT'L BRAND OF TUBORG AND CARLSBERG BEER IN THE COUNTRY & FIRST COMPANY TO EXPORT INDIA EVER UNDER NEPAL-INDIA TRADE TREATY. 1998 ONWARDS PROMOTED REGIONAL COMMERCIAL BANK IN THE INDUSTRIAL BORDER OF NEPAL WITH INDIA (NAMELY LAXMI BANK).

ELECTED NEPAL BANK* LTD's BOARD DIRECTOR(*FIRST & LARGEST COMMERCIAL BANK OF NEPAL).

ELECTED TWICE VICE PRESIDENT OF FNCCI THE APEX NEPALESE BUSINESS ORGANIZATION BEING ALSO CHAIRMAN OF EMPLOYER'S COUNCIL.

NOMINATED AS HONORARY CONSUL OF PORTUGAL FOR NEPAL AS THE YOUNGEST EVER CONSUL IN THE COUNTRY. 2000 ONWARDS LED PRESIDENCY OF NEPAL BRITAIN CHAMBER OF COMMERCE & NEPAL INSURANCE ASSOCIATION

SERVED AS THE VICE PRESIDENT OF CNI THE ORGANIZATION OF INDUSTRIES BEING ALSO CONVENER OF WTO CELL

BESTOWED THE NATIONAL ORDER OF NEPAL GO DA BA

PRESIDENT OF PORTUGAL BESTOWED OFFICIAL OF THE ORDER OF THE INFANTE D HENRIQUE THE NATIONAL HONORIFIC ORDER OF PORTUGAL

SERVED AS SENATE MEMBER OF KATHMANDU UNIVERSITY & POKHARA UNIVERSITY

SERVED AS BOARD MEMBER OF INSTITUTE OF FOREIGN AFFAIRES UNDER MINISTRY OF FOREIGN AFFAIRES

ELECTED VICE PRESIDENT OF MANAGEMENT ASSOCIATION THE APEX NEPALESE ORGANIZATION OF MANAGEMEN PRACTINORS

Positions Held by Mr. Khetan
SOCIO-ECONOMIC LEADERSHIP EXECUTIVE COMMITTEE MEMBER OF FNCCI 1995/2005

VICE PRESIDENT OF FNCCI 1999/2003

MEMBER OF REVENUE ADVISORY BOARD,FINANCE MINISTRY 2001/2003

MEMBER OF NATIONAL INFOTECH CENTER,MINISTRY OF SCIENCE 2001/2003

CHAIRMAN OF EMPLOYER'S COUNCIL-FNCCI/NEPAL 1999/2001

SR.ADVISER OF EMPLOYER'S COUNCIL-FNCCI/NEPAL 2001/2003

CHAIRMAN-STEERING COMMITTEE OF FNCCI/ILO POKHARA CHILD LABOR PROJECT 1999/2001

PRESIDENT OF NEPAL BRITAIN CHAMBER 1999/2005

MEMBER OF NATIONAL LABOR ADVISORY BOARD 1999/2001

EXECUTIVE COMMITTEE MEMBER SAARC CHAMBER 2000

CHAIRMAN OF KATHMANDU ELITES ROUND TABLE NO.2 1993/4

PRESIDENT OF MARWADI YUVA MUNCH ,MSS-NEPAL 1995/2005

TREASURER OF NEPAL BRITAIN CHAMBER 1996/9

CONVENER OF POLICY DIALOGUE FORUM OF CONFEDERATION OF NEPALESE INDUSTRIES 2003/4

Advisor Photo Journalist Club's Nepal Kaleidoscope Photo Competition 2004

Advisor College of Journalism and Mass Communication 2003/05

Member Institute of Foreign Affairs, Foreign Ministry/HMG 2005 / 06

Vice President Management Association of Nepal 2007/2009

COMMERCIAL LEADERSHIP PRESIDENT OF GORKHA BREWERY LTD 1994/7 (PRODUCER'S OF INT'L BRANDS OF BEER IN J/V)

PRESIDENT OF HISEF 1997/2004 (PUBLIC LIMITED FINANCE CO.)

DIRECTOR OF EVEREST INSURANCE 1995/2011 (PUBLIC LIMITED UNDERWRITERS)

DIRECTOR OF NEPAL BANK LTD. 1999/2002 (PUBLIC LIMITED Largest bank)

DIRECTOR OF HIMALAYAN BANK LTD. 1991/1993 (FIRST PRIVATE BANK) Chairman of Himalayan Snax 2000 / 2010

Profile Khetan Group
They were among the 22 Marwari merchants, who were honored by then Rana government in 1936 for their contribution to re-built Kathmandu after grate earthquake of 1933. In earlier days, they were involved just in trading business and interestingly it took almost 50 years ever since to divert their business from trading to manufacturing and industry.Yes, Khetan Group, the pioneering business house in Nepal, took no time to be recognized as successful trader-turned-industrialist and currently, it is involved in more than half a dozen of industries, ranging from beer, snacks and noodles, bank, finance and insurance, mines and ores, IT and more. Now, they are running 15 companies ? Rajendra Khetan, Executive Director of Khetan Group prefers to call them active companies ? under the sole control of Khetan Group or with their partnership. "We had invested in tens of other companies too, but sold them later, mostly during 1987 to 1997," Rajendra adds.

He calls that decade as one of the most volatile periods for their business. "The country was seeing radical changes and we could not decide which turn we should give to our business."

"However," Rajendra adds, "we were successful in limiting our investment within our capacity. Had we gone for investing beyond our limit, we could have been facing the similar problem that many business houses are facing now."

The Khetan Group now owns stocks worth Rs 250 million, in addition to their investment in Private Limited Companies. And, this is the foundation that Purnamal Khetan, great-grandfather of Rajendra Khetan led more than 125 years ago. Purnamal had come to Nepal at the age of 12 from the Indian State of Rajasthan.

Kishanram Khetan had dropped his son Purnamal at Birgunj to begin a business and become self-dependent. It was the support of other Marwaris that helped settle this young boy in Kathmandu.

After Purnamal, it was his only son Bihari Lal Khetan, who continued and expanded Khetan?s business and image, then came Mohan Gopal Khetan and Hari Gopal Khetan. Now, the business is on the hands of Rajendra Khetan, CP Khetan and PP Khetan.

"We were first on textile trades, then moved on to supply of other essential commodities. Then we operated two petrol pumps, begun third-country exports and imports, took the dealership of Fuji films and Heno motors?and a lot, before entering into investment sector," recalls Mohan Gopal Khetan, Chairman of Khetan Group.

After the entry into industrial and manufacturing sector in 1986, they have been constantly diversifying their businesses.

First, they invested Rs 100 million on three government companies - Nepal Metal Industries, Nepal Orient and Magnesite and Butwal Spinning Mills. Second, they acquired permission to run brewery factories and manufacture instant noodles. Third, they received license to operate airlines, insurance companies and banks.

Had they not been approached by then Nepali ambassador to UK and Denmark in 1988/89 - Bharat Raj Sinha, they might not have been producing Carlsberg Beer in Nepal. An international collaboration in Carlsberg, though could not become successful, their next product, Tuborg has rocked the brewery market.

Rajendra claims that the five companies in which the Khetan Group has lead shares, alone pays Rs 20 million annually as income tax. "The taxes paid on excise and VAT from instant noodles and brewery sales contributed 1.5 percent of total tax revenue," he says adding that this makes them the second largest taxpaying group in the country.

He proudly claims that Khetan Group is one of the best running corporate houses in Nepal. It is mainly because they have the best debt-equity management, as the group has no problem in managing debt and have sufficient capital base.

Further, they are the second largest taxpayers and majority of their products are ruling over the market. "We want to hold number one position in every sector that we have been engaged in," Rajendra says adding that they will stick with their existing sectors, but will give in-depth thoughts before entering into a new business.

Among the failures of Khetans, the most remarkable is the collapse of the Everest Air. "We failed, but do not have any dues owed to the Everest Air," Rajendra says claiming that the Airlines could not run because of the differences among the partners ? Captain R B Pradhan and R R Pandey and the Khetan Group.