Sagarmatha Insurance Company Limited
Bhagwati Marg, Naxal, Kathmandu
Mr. R.K. Manandhar is the Chairman of Sagarmatha Insurance Company. Similarly, he is the President/ Managing Directo of Image Group of Companies is the pioneer media house to offer the very first private television channel, the Image Channel in Nepal. It was also the foremost company to offer FM radio station initially called KATH 97.9 and currently Image FM 97.9 to the Nepali audiences. Today Image Group boasts another popular news FM station called Image News FM 103.6 where we bring crisp news and bold debates to light. Furthermore, he is also the MD of Metro Television, K.A.T.H. 97.9 FM P. Ltd., Image 97.9 FM Pvt. Ltd.
He is also the Executive Chairman of Greyhound Electronics Pvt. Ltd. Greyhound Electronics Pvt. Ltd has been the leading supplier for radio communication equipment & the solutions for mission critical communication needs. The solo authorized distributor and service centre for world’s leading communication equipment manufacturer M/S Motorola Solutions for Motorola 2-Way Radio and M/S Codan Limited for HF Communication equipment.
In addition, he is also the Executive Chairman of Subarna Pharmaceuticals Private Limited; a Non-govt company, incorporated on 26 Aug, 1997. It's a private unlisted company and is classified as 'company limited by shares'. Subarna Pharmaceuticals Private Limited is majorly in Manufacturing (Metals & Chemicals, and products thereof) business from last 22 years and currently, company operations are active. Current board members & directors are BINAY BHUSHAN DATTA, JOLLY DUTTA and RIYA DATTA .
He had also been the Chairman of Narayani National Finance Ltd.
Lokmanya Golchha is the Chairman of Golchha Organisation. Golchha Organization (Group of Industrial, Commercial and Welfare Instituttions) is one of the biggest and most esteemed business houses in Nepal. It was far back as 1934 that our founder father Shree Ram Lal ji Golchha displayed extraordinary charisma by opening the doors of the country to industrialization. Golchha Organization is a management and investment complex dedicated to the industrial, commercial and philanthropic sectors. The Organization’s interests in terms of management and investment are in numerous companies like Jute, Steel, Electronics, Metal, Food Grains and many more. Apart from industrial establishments, our interests spread into international trade and service sector.
Honorary Consul General : The Republic of Poland in Kathmandu (Nominated by the Govt. of The Republic of Poland. Nepal Govt. has accepted his nomination and it is under process for credential)
Curently, he is the Director of Sagarmatha Insurance Company Ltd., Institute of Foreign Affairs (under, Foreign Ministry of Nepal), Him Electronics Pvt. Ltd., Hulas Metal Crafts Ltd., Hansraj Hulaschand & Co. Pvt. Ltd., International Export-Import Co. Ltd.
Mr. Siddharth Mani Rajbhandari has 15 years of professional experience in the infrastructure channel partnership and distributorship sector, especially in representing international companies in Nepal. He is the Managing Director and CEO of NCEC Group established in 1958, comprising of Nepal Construction and Engineering Corporation (NCEC) Pvt. Ltd, NCEC Equipment & Services, NCEC Industrial Services and NCEC Hospitality Investments. His business represents globally leading equipment and engineering companies in the areas of tunnel construction, road construction, building and damn construction, manufacturing and material moving equipment , and engineering. NCEC Group has a large investment portfolio in the Equity market of Financial Institutions The group has also ventured into the hospitality business.
Mr. Rajbhandari holds a B.Sc in International Management from the University of Maryland University College, M.B.A. from the Asian Institute of Management, M.M. from ESCP-Europe Business School. He specializes in marketing, strategic management and operational excellence. Besides his business, Mr. Rajbhandari also works as consultants for international companies in their business development and entry strategy in Nepal. He is also active with European Economic Chamber, Nepal German Chamber of Commerce, and Round Table International – Nepal Chapter.
Mr. Rajbhandari's family holding is the single largest (non-institutional) shareholder of Sagarmatha Insurance. He was elected to the Board of Directors as Member of Board of Director on[date 22nd AGM]. He will be heading the Human Resources and Marketing Sub-committee in the company for the coming term.
Chief Executive Director: Ceylinco Insurance Co. Ltd. Deputy Chairman: Ceylinco International Trading Group, Ceylinco International Investment Group.
Kriti Kumar Joshi is the Director of Salt Trading Corporation Ltd, Kalimati, Salt Trading Corporation (STC) Limited is one of the largest business organization in Nepal established as the first Public Private Partnership (PPP) of Government of Nepal. Established over five decades back (13th September 1963), the corporation was launched with the objective to avail iodized common salt, as salt is not produced in Nepal and depends on import from India, for all citizens of the country. In its long run of dedicated service to the nation, STC has contributed to ensure proper supply and distribution of essential daily consumable goods, erode black-marketing by regulating market and artificial scarcity and industrial development in Nepal.
Mr.Joshi has major contribution in the Nepal Vanaspati Ghee Udhyog (NVGI). NVGI was established on Bhadra 28, 2033. Located on the premises of Hetauda Industrial state. The first production was started on Shrwan 1, 2039. The main objective of establishing the factory was to produce refined oil and vegetable ghee to fulfill the demand of these food products in the Nepali market to replace their imports from India. Being one of Nepal’s first automated modern industries, the factory’s initial production capacity was 20 tons of vegetable ghee per day. NVGI produces its premium brands as Shanti Banaspati Ghee, Grihani Banaspati Ghee and Shanti Soyabean Oil. All the brands have NS (Nepal Standards) certification.
Currently, he is the Public Director of Sagarmatha Insurance Company.
Gajendra Lal Shrestha was the Director of United Finance Limited. UFL is promoted by prominent and dynamic businessmen of Nepal, commenced its operation in 2051 as National Level Finance Company with its registered office at Durbarmarga, Kathmandu.The Company has emerged as one of the leading Finance Companies by providing the best financial solution to the different customer segments and thriving healthy growth with consistency in profit.
He is also the promoter of Prime Commercial Bank Ltd. It was incorporated in September 2007 as the 21st commercial bank in Nepal. We are a Category ‘A’ Financial Institution registered under the “Banks and Financial Institutions Act” of Nepal. It has been established by prominent business personnel and professionals from diversified areas with a prime objective of providing 'Banking Services to Everyone' in the country where still large number of population are deprived of Banking Services.
Furthermore, he was a board member of Lalitpur Chamber of Commerce and Industry. LCCI is a non-governmental, non-political associated organization with the legal status of a non-profit making and autonomous entity. LCCI was registered at District Administration office, Lalitpur on 04 Chaitra 2023 (March 17, 1967). LCCI is a district chamber of Lalitpur established for safeguarding and promotion of the common interest of business community and also helps them strengthen their enterprise performance.
Currently, he is Public Director of Sagarmatha Insurance Company.
Nirmala Devi Manandhar was the CEO of N.B. insurance company is one of the insurance companies involving in non life insurance in the country. It commenced the insurance business from 2057-10-19. About 55 administrative staffs are working in this company to provide insurance facilities all over the country. Right now, it has seven branch offices scattered in different geographic regions.
Ms. Manandhar had been the Senior Deputy General Manager of Prudential Insurance Co. Ltd. Prudential Insurance Company Limited is a public limited company registered on November 30, 2000 under the Company Act, 2063. The Company’s registered office is located at Birgunj, Parsa. It is a General Insurance Company established in Nepal having registered office at Birgunj-4, Parsa and the corporate office at Kamaladi Complex, Kamaladi, Kathmandu. It has obtained the license to conduct general insurance business from Beema Samiti on June 20, 2002. The share of the company is listed on the Nepal Stock Exchange.
In addition, she has major contribution to the Nepal Insurance Company. Nepal Insurance Company Limited, a pioneer non-life insurance company of Nepal was established on 1947 A.D. by Nepal Bank Limited (the first commercial Bank) and the general public with 51% and 49% shares respectively.
In the beginning, the name of this company was "Nepal Malchalani Tatha Beema Company" and had changed its name as "Nepal Insurance & Transport Company Ltd." on 1959 A.D. Now its name is "Nepal Insurance Company Ltd." since 1991 A.D.
Currently, she is the Independent Director of Sagarmatha Insurance Company.