NB Group began in the foothills of the Himalayas in the 1950s, though the name did not exist back then. A small village farmer boy in Barhabise, Sindupalchowk by the name of Narsingh Bahadur began trade with Tibet. Salt, sheep and wool was imported from Tibet whereas wheat, rice, sugar and spices were exported. This trade enterprise was essentially the first rudimentary seeds of what would later grow to become NB Group.
In the 1960s and 70s, trade was progressively expanded to other nations like Japan and Hong Kong and included various other products such as herbs and handicraft. During late 70s and early 80s, the first seeds of trade with Bangladesh began with the export of railway sleepers and red lentil seeds. Trade with Bangladesh would later culminate with the establishment of Nepal Bangladesh Bank.
During the 80s, NB Group was exposed to the national arena while supplying fertilizers to the Government of Nepal through global tenders. It was during this epoch of time that NB Group stepped into the representation and liaison business by representing various foreign firms. The 80s also brought about NB Group into the industrial sector where the group successfully won the bid for privatization of Nepal's largest brick factory, under the first phase of the governmental privatization program. The group then went on to acquire another brick factory, a cold storage facility and saw mills among others.
The 90s saw the group's major shift in business sector as they moved from traditional industry to the financial and tertiary sector. In a joint venture with IFIC Bank of Bangladesh, NB Group promoted and established Nepal Bangladesh Bank which was successively followed by a finance company NB Finance and Leasing. A few years later, NB Group once again in a joint venture with Bank of Ceylon, promoted and established another commercial bank Nepal Bank of Ceylon (Later changed to Nepal Credit and Commerce Bank) and a merchant bank Nepal Sri Lanka Merchant Bank in a joint venture with MBSL of Sri Lanka.
The late 90s and early 2000s saw the establishment of the first fully private sector Hydro power plant of Nepal. NB Group pioneered this project in a joint venture with Lyse Kraft AS of Norway. The Group is now in the process of establishing new projects in the hospitality and the health sector. With investments in well diversified industries and having generated employment for over 3000 jobs, NB Group today stands as one of the foremost business houses of Nepal.
It gives me immense pleasure to see the growth of NB Group and to see it reaching the newer heights by playing an important role in the country’s economy by contributing significantly to the nation’s exchequer and the employment generation, diversifying its field from agriculture to manufacturing, financial sector, hydro power, hospitality & recreation, health, education, representing, consultancy and trading activities. NB Group feels proud to have significantly contributed to generate employment for more than 2000 Nepalese citizens. NB Group has been successful in attracting foreign investments in the country and as a result has Joint Ventures/Partnership relationships with investors from India, Bangladesh, Sri Lanka, China, Japan, and Norway.
We need to catch the pace of altering demographics and the changing business trends as well as the national policies and international factors. We need to set ourselves to be prepared to move ahead with the today’s world economy, globalization and face the competitions and the challenges of the 21st century and managing 7 listed companies under one umbrella winning the confidence of more that 100,000 shareholders. We are therefore committed and dedicated to work for and in the interest of our valued shareholders and the entire stakeholders and to meet their expectations by giving them maximum in terms of return and value addition to their investments.
NB Group today, is set for reaching to a newer heights by further diversifying its activities in the area of alternative energy, IT, media and other eco-socio-friendly industries.
On behalf of the Board of Directors and the entire NB Group family would like to thank all the valued shareholders, other stake holders, the Govt. authorities, press, media and all the well wishers for their continuous support and the confidence shown to us.
LB Shrestha
It gives me an immense pleasure to see the growth of NB Group and to see it reaching the newer heights by playing an important role in the country’s economy by contributing significantly to the nation’s exchequer and the employment generation, diversifying its field from agriculture to manufacturing, financial sector, hydro power, hospitality & recreation, health, education, representing, consultancy and trading activities. NB Group feels proud to have generated employment for more than 2000 Nepalese citizens. NB Group has been successful in attracting foreign investments in the country and as a result has Joint Ventures/Partnership relationships with investors from India, Bangladesh, Sri Lanka, China, Japan, and Norway.
We need to catch the pace of altering demographics and the changing business trends as well as the national policies and international factors. We need to set ourselves to be prepared to move ahead with the today’s world economy, globalization and face the competitions and the challenges of 21 and managing 7 listed companies under one umbrella winning the confidence of more that 100,000 shareholders . We are therefore committed and dedicated to work for and in the interest of our valued shareholders and the entire stakeholders and to meet their expectations by giving them maximum in terms of return and value addition to their investments.
NB Group today, is set for reaching to a newer heights by further diversifying its activities in the area of alternative energy, IT, media and other eco-socio-friendly industries.
On behalf of the Board of Directors and the entire NB Group family would like to thank all the valued shareholders, other stake holders, the Govt. authorities, press, media and all the well wishers for their continuous support and the confidence shown to us.
LB Shrestha
It gives me an immense pleasure to see the growth of NB Group and to see it reaching the newer heights by playing an important role in the country’s economy by contributing significantly to the nation’s exchequer and the employment generation, diversifying its field from agriculture to manufacturing, financial sector, hydro power, hospitality & recreation, health, education, representing, consultancy and trading activities. NB Group feels proud to have generated employment for more than 2000 Nepalese citizens. NB Group has been successful in attracting foreign investments in the country and as a result has Joint Ventures/Partnership relationships with investors from India, Bangladesh, Sri Lanka, China, Japan, and Norway.
We need to catch the pace of altering demographics and the changing business trends as well as the national policies and international factors. We need to set ourselves to be prepared to move ahead with the today’s world economy, globalization and face the competitions and the challenges of 21 and managing 7 listed companies under one umbrella winning the confidence of more that 100,000 shareholders . We are therefore committed and dedicated to work for and in the interest of our valued shareholders and the entire stakeholders and to meet their expectations by giving them maximum in terms of return and value addition to their investments.
NB Group today, is set for reaching to a newer heights by further diversifying its activities in the area of alternative energy, IT, media and other eco-socio-friendly industries.
On behalf of the Board of Directors and the entire NB Group family would like to thank all the valued shareholders, other stake holders, the Govt. authorities, press, media and all the well wishers for their continuous support and the confidence shown to us.
LB Shrestha