Mr. Shekhar Golchha is the Managing Director – Hansraj Hulaschand and Co. Pvt. Ltd (Country’s largest private sector trading company), HIM Electronics Pvt. Ltd. (Country’s leading consumer electronics manufacturing and marketing company) and Hulas Investments Pvt. Ltd. Mr. Golchha is the Director of Hester Nepal Pvt. Ltd, Neoteric Nepal and Eastern Sugar Mills Ltd. Mr. Golchha is the Vice President of Federation of Nepalese Chamber of Commerce and Industry (FNCCI), Chairperson of the Banking Committee, Immediate Past President of the Nepal Automobile Dealers’ Association. He is also the Executive Member of Nepal -India Chamber of commerce and Industry. He has completed his Bachelor in Business Administration from Webster University, UK , Bachelor of Commerce, Delhi University, India. Mr. Golchha has completed his high school and his elementary education from St. Xavier’s School, Nepal.GOLCHA GROUP
The Golchha Group, a trailblazing industrial conglomerate in Nepal, boasts a rich heritage spanning a century. Founded by the esteemed Late Shree Ramlal Golchha, a visionary philanthropist, the group’s journey commenced with the establishment of the Biratnagar Jute Mill in 1937, marking a historic milestone as Nepal’s first industrial endeavor. Since then, the Golchha family’s entrepreneurial spirit has propelled them to the forefront of the nation’s economy, fostering the growth of over 100 companies and leaving an indelible mark on Nepal’s industrial landscape.
Backed by a dedicated workforce exceeding 1700 employees and the unwavering trust of millions of patrons, Golchha Group has garnered a sterling reputation for itself. Over the span of ten decades, the group’s commitment to altruism has significantly impacted the lives of countless Nepalese, nurturing their aspirations and facilitating their journey towards success.
The group’s vision is anchored in becoming Nepal’s most reliable and forward-thinking organization, characterized by integrity, transparency, and ethical standards of the highest order. Central to its ethos is a profound reverence for the youth, recognizing their inherent potential and striving to empower them as the architects of a dynamic and inclusive future. Upholding customer satisfaction as paramount, Golchha Group pledges to prioritize their needs across all endeavors.
In a message from the Chairman, Golchha Group celebrates its century-long legacy while embracing a spirit of perpetual renewal and progress. By championing the cause of Nepal’s youth, the group endeavors to harness their ingenuity and vigor, thereby ensuring a prosperous tomorrow for the nation. Committed to maintaining its position at the vanguard of industry innovation, Golchha Group remains steadfast in its pursuit of creating enduring value for stakeholders and catalyzing economic growth nationwide.
As Chairman Mr. Shekhar Golchha aptly remarks, Golchha Group’s journey exemplifies the adage that true success is not achieved overnight but through years of dedication and perseverance. With an unwavering commitment to its core values and an unwavering focus on ethical conduct, the group’s narrative transcends boundaries, touching and inspiring lives across the length and breadth of Nepal.
In the dynamic world of insurance, Nepal has witnessed a groundbreaking development with the emergence of Himalayan Re, the country’s pioneering private sector reinsurance company. Established with a visionary mission, Himalayan Re stands as a beacon of innovation and reliability, offering essential reinsurance support to both Life and General Insurance Companies within Nepal and beyond its borders.
Capital Strength and Ownership Structure
With an authorized capital of NPR 21 billion (approximately USD 175 million), Himalayan Re boasts a robust financial foundation, reflecting its commitment to stability and growth. Its issued and paid-up capital of NPR 10 billion each (approximately USD 85 million) underscores the confidence placed in the company’s potential and underscores its capacity to meet the diverse needs of its clients.
The ownership structure of Himalayan Re further exemplifies its solid footing in the industry. With promoters’ share amounting to 70% of the paid-up capital, the company enjoys steadfast support from prominent entities such as the Golchha Group, Shanker Group, and Infinity Holdings, among others. These stalwart promoters, alongside leading financial institutions and commercial banks, collectively contribute to Himalayan Re’s strength and resilience.
Visionary Outlook and Mission Statement
At the heart of Himalayan Re’s operations lies a bold vision: to become the premier reinsurer of choice in the global market. Anchored by this aspiration, the company diligently pursues its mission of providing cedants and clients with unparalleled reinsurance capacity, innovative solutions, and risk mitigation products. Upholding professional standards of international acclaim, Himalayan Re strives to transcend boundaries and set new benchmarks in the reinsurance landscape.
Commitment to Excellence and Collaboration
Driven by a relentless pursuit of excellence, Himalayan Re remains steadfast in its commitment to delivering superior value to its stakeholders. Through collaboration and strategic partnerships, the company leverages the collective expertise of its promoters and stakeholders to address evolving market demands effectively. As a testament to its unwavering dedication, Himalayan Re continually evolves its offerings to meet the dynamic needs of the insurance industry while fostering sustainable growth and prosperity.
In conclusion, Himalayan Re stands poised at the forefront of Nepal’s insurance sector, embodying a spirit of innovation, integrity, and excellence. With a clear vision, robust capital structure, and unwavering commitment to its mission, the company is primed to carve a distinctive niche in the global reinsurance arena, elevating Nepal’s standing on the world stage.
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BOARD OF DIRECTOR Management Team
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