Our History

“People say that more than just from schools-based rote learning, people learn because from experience. Most Nepalis believe that more than taught learning, experiential learning is invaluable. Mr. Indra Bhaka Shrestha, a visionary leader, and inspirational business and family man, shares some of his experiences and earned goodwill through his impeccable reputation and imagery. “

- Indra Bhakta Shrestha

Timeline

Mr. Indra Bhakta Shrestha was born on 16 August, 1924. He was engaged in the family business from a very young age. Indra Bhakta Shrestha grew up in Kathmandu in the 1930s and 40s. His family ran a small clothing shop out of their ancestral home in the centre of Kathmandu’s fabric trade in Indra Chowk. One of four sons, his parents were unable to afford higher education for Indra Bhakta, so from a young age, IBS worked with his family and learnt business from experience.

1950

Became a member of the Baanik Mandal
IBS eventually branched out on his own, developing a number of ventures. He worked in the sarafi business, exchanging coins and Indian currency to business travellers. Then he started importing cotton from India, distributing it wholesale across Nepal to Palpa, Narayanghat and Biratnagar. In 1952, he went to India and opened an office in Bombay to send textiles back to Nepal.

1952- 1954

Worked at the Bombay Office as the Managing Director

1952- 1954

Worked at the Bombay Office as the Managing Director

1958

Got elected as the Under Secretary for Nepal Chambers of Commerce

1952- 1954

Worked at the Bombay Office as the Managing Director

1952- 1954

Worked at the Bombay Office as the Managing Director

1958

Got elected as the Under Secretary for Nepal Chambers of Commerce

1960

Member, Import-Export Advisors Committee
IBS eventually branched out on his own, developing a number of ventures. He worked in the sarafi business, exchanging coins and Indian currency to business travellers. Then he started importing cotton from India, distributing it wholesale across Nepal to Palpa, Narayanghat and Biratnagar. In 1952, he went to India and opened an office in Bombay to send textiles back to Nepal.

1960

  • Member, Food Production Advisors Committee (need to re-check denf of Khaadyaanna)
  • Official China visit for Industry and Business Development (janabadi ganatantra)

1963

Nepal Chambers of Commerce Vice President for 2 terms.

1966

  • Member, Industrial Observation and Learning visit (Japan, Phillipines, America, UK, Germany)
  • President, Nepal Chambers of Commerce (2 terms)

1960

  • Member, Food Production Advisors Committee (need to re-check denf of Khaadyaanna)
  • Official China visit for Industry and Business Development (janabadi ganatantra)

1963

Nepal Chambers of Commerce Vice President for 2 terms.

1966

  • Member, Industrial Observation and Learning visit (Japan, Phillipines, America, UK, Germany)
  • President, Nepal Chambers of Commerce (2 terms)

1970

Member, Import-Export Advisors Committee
IBS eventually branched out on his own, developing a number of ventures. He worked in the sarafi business, exchanging coins and Indian currency to business travellers. Then he started importing cotton from India, distributing it wholesale across Nepal to Palpa, Narayanghat and Biratnagar. In 1952, he went to India and opened an office in Bombay to send textiles back to Nepal.

1972

Member, Tribhuvan University Council (Nominated by HMG King Mahendra)

1976

Member, Kathmandu Municipal Council (Nagar Panchayat)

1978

  • Elected President, Nepal Industry and Banking Association (Mahasangh)
  • Director, Nepal Rashtra Bank

1972

Member, Tribhuvan University Council (Nominated by HMG King Mahendra)

1976

Member, Kathmandu Municipal Council (Nagar Panchayat)

1978

  • Elected President, Nepal Industry and Banking Association (Mahasangh)
  • Director, Nepal Rashtra Bank

1980

Member, Import-Export Advisors Committee
IBS eventually branched out on his own, developing a number of ventures. He worked in the sarafi business, exchanging coins and Indian currency to business travellers. Then he started importing cotton from India, distributing it wholesale across Nepal to Palpa, Narayanghat and Biratnagar. In 1952, he went to India and opened an office in Bombay to send textiles back to Nepal.

1980

Nepal Business Council President, visited China as the group lead.

1982

Board Member, Royal Nepal Airlines Corporation

1983

President, Nepal Chambers of Commerce (2 terms)

1987

Political representative, Russian Business Council (Rus byapar mandal)

1980

Nepal Business Council President, visited China as the group lead.

1982

Board Member, Royal Nepal Airlines Corporation

1983

President, Nepal Chambers of Commerce (2 terms)

1987

Political representative, Russian Business Council (Rus byapar mandal)

1990

President, Nepal Business Development Company, Ltd. (two terms)
IBS eventually branched out on his own, developing a number of ventures. He worked in the sarafi business, exchanging coins and Indian currency to business travellers. Then he started importing cotton from India, distributing it wholesale across Nepal to Palpa, Narayanghat and Biratnagar. In 1952, he went to India and opened an office in Bombay to send textiles back to Nepal.

1992

Establish Unilever Nepal

2002

FNCCI President

2009

SRL nepal

1992

Establish Unilever Nepal

2002

FNCCI President

2009

SRL nepal

2010

National Icecream

2011

Acquired strategic shares in Soaltee

2015

Acquried Summit Hotel

2019

Soaltee Westend

2020

Vivanta

2011

Acquired strategic shares in Soaltee

2015

Acquried Summit Hotel

2019

Soaltee Westend

2020

Vivanta

Honors

  • 1973

    Shubha Rajyabishekh Padak
  • 1975

    Prabal Gorkha Dakshin Bahu
  • 1988

    Daivi Prakop Pidit Uddhar Padak
  • 2001

    Birendra Aishwarya Sewa Padak

Charitable Organizations

  • 1961

    Member, Paropkar Board of Directors
  • 1984

    Founder and President, IJ Pioneer Higher Secondary School