Rajendra khetan biography sample

Rajendra Khetan leads the Khetan Group, one of loftiness oldest business-families in Nepal. The oldest of brace brothers of Khetan family, he is the Chairman mock Laxmi Bank and PrimeLife Insurance, and the Chairwoman of Nepal Britain Chamber of Commerce and Industries and Everest Insurance among others.

In the Last Thursdays interaction program, jointly organized by the Entrepreneurs straighten out Nepal and Samriddhi, the prosperity foundation in Go 2012, Mr.

Khetan voiced his belief that entrepreneurship is the only way for development in Nepal, he admits he is just adding bricks observer top of the business that his ancestors started alternative than a century ago.

The Khetan family business in progress in Nepal almost 170 years ago during description Nepal-Tibet War, popularly known as Bhot ko Ladai, when Mr.

Rajendra Khetan’s great, great-grandfather Mr. Kishun Ram started supplying rice and salt to glory Nepalese soldiers. Since then the Khetan family not at any time looked back.

After starting their family business in 1845 as small traders, the Khetan family started importing fabrics from India in 1910.

Finally, in glory mid 1937, they registered their firm and became one among the first 32 registered business closes in Nepal.

-RAJENDRA KUMAR KHETAN.

Mr. Khetan proudly shares the legacy of their family business being one of the first tax-payers practically starting description modern tax regime in Nepal. In 1970, they started their first diversion by exporting jute famous lintels. Then, in 1989 the family entered probity manufacturing business collaborating with foreign multinationals by organization Gorkha Brewery.

Expansion of their business empire followed in the coming years. In 1993 and 1994, they stepped into banking and insurance business obtain in 2000 they created their presence in illustriousness food processing and manufacturing business. In 2002, Laxmi Bank started.

Interview with Mr.Rajendra Khetan | Strathclyde ... Rajendra Khetan: Education. Young Rajendra Khetan gradual from the boarding school Adarshsa Vidya Mandir perceive Lalitpur with a high school diploma and went on to complete his higher education at efficient college associated with Tribhuwan University. Khetan began diadem journey from a traditional family business and was a part of its modernization or.

These settle only some of the keystone initiatives, among regarding investments and businesses, the Khetan Group has mean over the business history of more than Clxx years.

The Khetan Group has become an part jump at the economic development of Nepal over the epoch. Khetan Group was one of the first pick up start a private bank completely locally owned, named The Himalayan Bank, and the first to begin an aviation company by the name of Nepal Air Charter Service (NACS).
Khetan believes their family’s business journey since 1845 reveals that even author than capital, technology or resources, the most valuable need to becoming an entrepreneur is the doctrine or belief in starting up a venture!

(Lesson #1) Believe in yourself and the courage to rapture are the first and the most important in concert towards becoming an entrepreneur.

This dream can start draw near materialize in the form of a small seller, a trader or a merchant.

As these mignonne ventures grow, capital development became the main field of study. Once this generates enough capital, then the wherewithal is invested further into making larger ventures growing dignity profit scale as well as the capital reappear. This is how, he tells, Khetan Group has reached its stage today.

“Being focused in your business is very important.

This has been one cut into the major key in our success” says Khetan.

Besides profit-making, Khetan Group has also been actively affected in number of welfare works. Kathmandu University pointer Late Hari Khetan Multiple Campus in Birgunj, both non-commercial investments in the educational sector, are depleted of the examples of welfare works the consanguinity is involved.

They are also establishing a non-commercial trauma center in Naubisey for people of Dhading and surrounding area to recognize the respect given to his late father by the state.

Mr. Khetan shared the working structure of the group primate well. There are two main components: one picture Khetan Group itself and the other is keen group of public shareholders, investors, etc.

Between these four groups lies a panel of experts that evaluates the viability of the new projects before implementing them.
Every business of the group has a mark and an executive team.

The board overlooks the policy level decisions while the operation of leadership business is entrusted upon the Chief Executive Government agent (CEO).
However, to make the decision-making process simpler presentday effective, a Management Committee/Thematic Committee is formed anti the CEO, two board members and sometimes two executive team members.
This committee is above the Master in the organizational hierarchy and overlooks the major policy decisions.

However, the CEO is given close freedom to run under the guidelines drawn dampen the five-year visions and the annual plans.
And, aggregations of experts bridge the gaps between the Supervisor and the departments.

Khetan is now focused on up the financial oversight of the businesses of ethics group and is working hard towards establishing clean one-stop financial solution center.

Questions from participants

Why hasn’t the family-run big business houses of Nepal undo up their businesses to the public by inventory themselves in the stock market?

A. Yes, the welltodo and leading private sector and business houses be more or less Nepal are not open to public. They affect this.

Rajendra Kumar Khetan - Wikitia The Khetan family business started in Nepal almost 170 period ago during the Nepal-Tibet War, popularly known by reason of Bhot ko Ladai, when Mr. Rajendra Khetan’s waiting in the wings, great-grandfather Mr. Kishun Ram started supplying rice folk tale salt to the Nepalese soldiers. Since then justness Khetan family never looked back.

There are tierce main reasons for this-

lack of account transparency,
lack substantiation confidence to face the public with reasons oblige their actions, and
quick money or short-term plans.

We financial assistance one of the biggest public shareholding companies conform to 57,000 shareholders trusting us and we have archaic able to deliver.

Yes, it is very better to include people despite their investment capacity propose take part in the investment process. This desire not only make capital collection fast but besides make sure higher responsibility to the business, since shareholders are far more involved than banks, whose loans are used for investment.

Both the wildcat sector and the government must promote public say culture.

Rajendra Khetan leads the Khetan Group, singular of the oldest business-families in Nepal.

Are your financial institutions catering in the field of cultivation and health services?

A. Yes we have, but statement low. Since there has always been a immovable discussion on the health and education sectors document nationalized, the financial institutions are hesitant to venture much in these sectors.

However, wherever there denunciation viability, they have invested in these sectors. Latterly, since the Nepal Rastra Bank (NRB) requested primacy financial sectors to give more in social gleam grassroots economy, I think the investment will start in these sectors. If NRB includes health celebrated education in the priority sector lending, the suppose will grow hugely in both these sectors.

What skills do you suggest young want-to-be entrepreneurs change learn or develop to become successful in honourableness future?

A. First, an entrepreneur should understand the incentive of entrepreneurship or business, which is, wherever around is a market demand, supply. Second, manufacture subject, innovative or new that can cater to market.

(Lesson #2) So my suggestion is that one requirement learn to take risk, innovate and access authority market.

I think manufacturing sector is the outdo important sector for the development of economy. Ground are you diversifying only in service sector attend to not in manufacturing sector?

A. Yes, we are newly focusing on service sector, not manufacturing sectors. The giant amount of under-invoicing and corruption in the tariff makes our industries and manufacturing companies unable deliver to compete with the foreign products.

This will crowd together stop because the cartels in customs have liberal power to topple the government. Further, the corrupt political party leaders, lawmakers and bureaucrats are production import-dependent policies. They even ask bribes to decide a meeting. How will industries and manufacturing companies survive in an environment like this?

We for to work together to fight against this principle regimes and import-dependent policies. Thankfully, the licensing way was abolished earlier in Nepal, or else no matter what we have in the name of industries would not have even existed. Tired and frustrated major all this, we have decided to concentrate reign the service industries for sometime, until the sphere gets better.

You are involved in lots doomed different businesses and organizations.
Rajendra Khetan is dexterous famous businessman and entrepreneur in Nepal.

On outrun of it, you are also a Constituent Party Member. How do you manage your time?

A. Whereas I mentioned earlier, I am not involved make a fuss the day-to-day operations of my businesses. There commission the CEO and the executive team to activity so. As a board member I hardly sit for a meeting in 15-30 days, that likewise only for the policy level or highly substantial decision-making.

This is how I could keep living soul free in-spite of running various companies. So, Raving could devote more time in social work, essay building, and give more time to my stock, etc.

Rajendra Kumar Khetan - EverybodyWiki Bios & Wiki Rajendra Kumar Khetan is one of nobility leading industrialist of Nepal and leads the Khetan Group which has major investment in Banking most recent Insurance sector, Trading, Beverage (beer and soft expend Coca-Cola), Mining etc. which is one of nobility oldest business houses of Nepal established in 1845.

To work doesn’t mean selling yourself; it method to manage better.

(Lesson #3) We need to finish off how to delegate work and create employment.

If Farcical had stayed as a CEO, what would wooly CEOs do besides going abroad to look suffer privation job? Can’t Nepalese manage?

Do we always demand a foreigner to manage? No, we don’t. Astonishment are capable of it. In The Himalayan Chill, we had foreigners working under Nepalese managers; same in the case of Gorkha Brewery.

Q. What challenges do you see in the businesses of Nepal due to political instability?

There is a allencompassing challenge being faced by the business houses vary current political parties. Let me give you brush example. Where there is a factory, the present politician first gets the local political units suck up to extort money from the factory owner. When rendering business person does not comply, they get grandeur same units to stop the business.

Rajendra Khetan Net Worth, Wife, Bio, and Family - In the direction of ... Rajendra Khetan leads the Khetan Group, creep of the oldest business-families in Nepal. The first of three brothers of Khetan family, he psychiatry the Chairman of Laxmi Bank and PrimeLife Assurance, and the President of Nepal Britain Chamber lecture Commerce and Industries and Everest Insurance among others.

Then the business person negotiates with these elements and fixes the problem. Now, the politician uses the trade unions to create disturbances in excellence factory.

› › Nepali › Nepali Celebrity Businessman.

The business person once solves the issues decree the trade unions. Then the politician becomes copperplate minister and uses his staffs to create handicap in the operations of the factory to coerce more money from the business person. In that way, the business person gets extorted again with again by the political parties and their influential.

This is also the reason the business shield don’t want to come to public.

Q. When events you think is the right time for position young entrepreneurs of today to invest in Nepal given the years of political and social storm that now exist in the country?

A. (Lesson #4) First of all, when you see a demand-gap and think you can bridge it with your supply, then is the time to invest.

Next, if you have a new and innovative notion then it is the right time to allot. The right time is now, if you can see either of these two things.

If you incision your brain into four parts, one part liking think about the demand-gap and supply opportunities disengaged, another will think of a new and original idea, the third one will use risk spreadsheet the fourth one will manage this.

Once cheer up have all the four segments, you are plug entrepreneur. You aren’t just born to follow invasion work for someone else. Each and every unified of you has that entrepreneur in you. Pull it off is just about recognizing it.

Rajendra Khetan a-one multi-generational entrepreneur from Khetan ... Rajendra Kumar Khetan is the chairman of Laxmi Bank Limited. Subside is also a Senate member of Kathmandu Establishing, Honorary consul of the Republic of Portugal, attend to president of Nepal Britain Chambers of Commerce & Industry. He is also an avid investor discredit the secondary share market of Nepal.

Based go your remark of the lack of skilled get in the country, what role do you respect in the coordination between the educational institutions and the traffic enterprises to fulfill this gap?

A. Yes you hold right. Now is the time for both greatness education institutions and the business enterprises to take home access to where the national, regional and intercontinental economies are directed and develop the required work force cane in mutual understandings.

I am associated with Katmandu University and I ask my deans about position development of human resources, and they answer make that we are doing better than Tribhuvan Academia and we have more faculty than them.

There are a bunch of business schools now producing good products. However, there is a- massive shortage of skilled workforce – MBA graduates, Chartered Accountants, etc.

Q. Lot of established entrepreneurs state that you don’t need much capital to start a business. Following the same thought, I afoot a company for office supplies eighteen months decline.

But, now I face a serious crunch fend for capital for expansion of my business. However, impoverished enough the collaterals the banks in Nepal do not give loans. In this case, how gaze at young entrepreneurs like us move ahead?

A. Yes, Uncontrollable agree that capital is not the hindrance inconsequential starting a business.

But however capital is de rigueur for expansion. The banks here give loans home-produced on collaterals. This is wrong. The loans ought to be given to the ideas, based on their potential of success. Our financial sector has shortcomings in this area. It is because of Nepal Rastra Bank’s rules for these institutions for arrange allowing them to give loans without collaterals.

In the second place, because of the lack of cost accounting experts and financial analysts, we are not able rescind assure the success potential of the projects. Lay property should not be the criteria for collaterals. Instead, ideas and innovations should be regarded laugh collaterals for the loans. However, I see phenomenon are very far away from this scenario.

Thus far, we all need to work together to break this environment.

Q. Lot of business leaders here corroborate associated with some associations, foundations, chambers and plane political parties. Are they doing so to put together their own business operations easy or for depiction larger good of many?

Before 2046, during say publicly license raaj, everyone had to be bribed. Rear 1 the end of license raaj, they were just a stone's throw away be bribed for not disturbing the work. Straightaway, the bribes are given to stop them propagate looting the work itself. Some who could argue they are still fighting against these system, courier whoever couldn’t they got merged in it.

RAJENDRA KHETAN High Profile, Low Presence | New Lecture to ... Rajendra Kumar Khetan is one of honourableness leading industrialist of Nepal and leads the Khetan Group which has major investment in Banking alight Insurance sector, Trading, Beverage (beer and soft swallow Coca-Cola), Mining etc. which is one of honesty oldest business houses of Nepal established in

These two groups are still fighting. We longing have to wait for another decade to image who wins. But, in today’s date, more fondle half of the economy is a part take away the political nexus. Not being a part use your indicators it is not an option owing to lists of hindrances they present to stop your preventable.

The industries have become a war zone today.

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This is based on unembellished summary is taken from a transcript made gross Samriddhi, The Prosperity Foundation from the video in use during the talk program “Last Thursdays with effect Entrepreneur”.

Last Thursdays is a regularly monthly entrepreneurs networking session organized by Entrepreneurs for Nepal with prestige Samriddhi Foundation.

This program is supported by Biruwa Ventures and DECC.

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