SHANKER GROUP - Kathmandu, Nepal

Founded by Shanker Agarwal in 1979, Shanker is an emblem which represents a multidimensional enterprise, headquartered in Nepal, comprising of 40 companies across verticals.

The group operates in Nepal, with a mission 'To enrich peoples lives through an entrepreneurial ecosystem’.

Jagdamba Holdings and Jagdamba Group are the principal investment holding companies and promoters of Shanker companies.

In 2020-21, the revenue of Shanker companies, taken together, was over $1 billion (NPR 11,000 Crore). These companies collectively employ over 15,000 people.

Each Shanker company or enterprise operates independently under the guidance and supervision of its own board of directors.

Companies include Jagdamba Steels, Jagdamba Motors, Shaurya Cement, Riddhi Siddhi Cement,  

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Himalayan Re-Insurance, Union Life Insurance, Jagdamba Cement, Jagdamba Enterprises, Jagdamba Flour and Agro, Jagdamba Mobiles, Jagdamba AlcoBev, Jagdamba Overseas, Modikhola Hydro Power, Balefi Hydroper, Jagdamba Credit and Investment and many more.
“Shanker philosophy of management is that corporate enterprises must be managed in the interests of all the stakeholders, including our employees, our consumers, our international partners who we represent in Nepal, of the local community and finally of the country as a whole.” - Shanker Lal Agarwal

Shanker is committed to complying with local laws and regulations as well as applying a strict global code of conduct to all employees. We believe that ethical management is tool for building trust with its various stakeholders including customers, shareholders, employees, business partners and local communities.

Our Governance Philosophy is to ensure fair, transparent, accountable and ethical management in order to protect the interests of all stakeholders.

With an aim to become one of the most ethical companies in the world, Shanker continues to train its employees and operate monitoring systems, while practicing fair and transparent corporate management.