Board Team

LATE SHRI. RAMESH GUPTA

CHAIRMAN EMIRETUS

At the age of 24, Mr. Ramesh Gupta dared to dream of establishing a business empire. In the 1980s, he was one of the first in Nepal to develop a trading business that used banking systems to import a variety of products into the country.

In the early 2000s, he embarked on a project to build Nepal's largest edible oil refinery, complete with world-class facilities, in order to increase exports. He foresaw the winds of change in 2010 and, with a few partners, staked his future in cement manufacturing by establishing one of the country's first and largest integrated cement manufacturing plants. He went on to lead and collaborate for one of the largest FDI of $300 million in Nepal for a 6000 TPD Cement plant later in 2015, fueled by hope and his daring persona. He served as Chairman of the Board of Nepal's largest publicly traded life insurance company for three years, during which time the company rose to the third largest market capitalization and had multiple fold increases in profits.

Diversification, rather than simply increasing reach, meant seeking new routes and opportunities for Mr. Ramesh Gupta. He was an explorer who enjoyed and believed in branching out into new and uncharted territories.

He had been assigned to numerous committees by the Nepal government, including the Revenue Committee and the Value Added Tax Committee. Mr. Ramesh Gupta served as President of the Nepal Foreign Trade Association (NFTA) and a member of the National Council of the Apex Industry Body Confederation of Nepalese Industries from 2014 to 2017. (CNI)

His companies won the respect and admiration of the public as one of Nepal's greatest business houses at the time of his untimely death in 2018. He is remembered with love and respect among his peers for his extraordinary record of shared wealth creation.