Introduction

Introduction

Kriti Capital & Investments Ltd., established in 2011, is one of the pioneer investment banking and investment management service providers of Nepal. Kriti Capital works with the motto of "Creating Growth Opportunities". Upholding its motto, Kriti Capital promotes entrepreneurial initiatives and fosters institutional development by making necessary capital available to committed and dynamic entrepreneurs.

Kriti Capital has been authorized as a public limited company, and also has been licensed by the Securities Exchange Board of Nepal (SEBON) to work as a Merchant Banker.

With a well-blended team composed of well-versed professionals and top-notch managers, Kriti Capital caters needs of both individual and institutional investors those seeking unbeatable returns against their investments.

Vision and Mission

"To be a leading Investment Banking & Investment Management institution providing innovative, sustainable and value adding financial services to create growth opportunities for individuals and organizations; to promote entrepreneurial initiatives and thus elevating investment ecosystem."

Values

Values

RIGHT values

We derive our business principles and working ethics through the values we have been deeply associated with. We recognize those values as RIGHT, and these values have contributed to shaping our growth – as RIGHT!

We define our values as:

R-Responsible

At Kriti we are responsible:

  • Towards our clients with their investments and returns
  • For delivering enhanced value to our shareholders.
  • Towards the wellbeing of the society at large
  • Towards employees by providing a better career along with personal growth for overall development

I-Integrity and Innovation

  • At Kriti Capital we maintain highest moral standards to ensure high level of trust and confidence
  • We believe that sustainable growth can come only through continuous innovation in process, service, and our products.

G-Growth

  • We believe in sustainable growth not only financially but in every aspect of people’s life associated with Kriti Capital. Your growth is our growth.

H-Humanistic

  • We strive to be approachable, intuitive and convenient in all aspects of our operations to provide differentiated and customized services in the best manner possible.

T-Transparent

  • We strive to be visible and open with our actions relevant to all stakeholders so that every issue is resolved openly and diligently.

Mr. Dip Prakash Panday

Board of Directors

Kriti Capit is led by six membered Board of Directors (BOD). Each member of the BOD brings an extensive experience to the team that has helped the company to stand with diverse expertise, good governance and service competence. Our BOD is comprised of the following distinguished personalities:



Mr. Shrestha, the founding Managing Director of Solutions Consultant Pvt. Ltd. a management consulting company in Nepal, brings more than 17 years of experience in the advisory services on private development sector and strategic research. He has experiences working with a variety of organizations including multilateral institutions and development organizations. Mr. Shrestha is a well-recognized expert in providing advisory services to private businesses in the country especially in regards to market research, strategy, and operational plan, and advising them to increase efficiency through operational restructuring. Mr. Shrestha is also a visiting faculty at Kathmandu School of Management (KUSOM), Nepal, and Institute of Engineering (IOE), Nepal.

Mr. Ashish Shrestha
  • Mr. Ashish Shrestha, Chairman

Mr. Deepak Rajbhandary, a regular member of BoD since June 2012, is a Fulbright Scholar and banking expert with 25 years of experience. He has served in Nabil Bank Ltd., one of the leading banks in Nepal, for seven years and another 15 years in Standard Chartered Bank Nepal Ltd., one of the few multinational banks in Nepal, as a member of a senior management team. Similarly, he has worked in the capacity of a General Manager of Bank of Asia, a locally promoted bank. His working area in the banking industry spanned over corporate banking, client relationship, human resource management, and operations. Mr. Rajbhandary is also a visiting faculty in the Global MBA program of South Asian Institute of Management College, Nepal.

Mr. Deepak Rajbhandary
  • Mr. Deepak Rajbhandary, Director

Mr. Vaidya, the founder and the Managing Director of the company, brings more than 15 years of professional experience in Investment Banking. His area of expertise includes management of public issuance of equity/debt, private placement of equity/debt, and management of secondary offering of securities. He is also an expert of corporate finance advisory in capital structure planning, financial restructuring and business valuation, and investment management especially portfolio management of listed stocks. He is equally well-versed in private equity fund management in business ventures. Mr. Vaidya is a Fulbright Scholar and holds MBA from Brandeis University, USA (2008), and Kathmandu University School of Management (2000). Mr. Vaidya is also a visiting faculty for MBA students at Kathmandu University School of Management.

Mr. Deepesh K. Vaidya
  • Mr. Deepesh K. Vaidya, Founder / Managing Director

Mr. Dip Prakash Panday, an institutional shareholder at Shikhar Insurance Company Ltd. (SICL), brings more than two decades of experience in the insurance industry to the board. He is currently serving as the Chief Executive Officer at SICL. He had served as a General Manager at Everest Insurance for around ten years before joining SICL. His career of working in a national and international market with utmost professionalism and prudence and his detailed focus on teamwork has helped him become the trusted name in Nepali insurance industry. He conducts lecture and training sessions on insurance in various programs organized by Beema Samiti, national regulatory body for insurance companies in Nepal, and in other similar programs. He has also attended various training programs in the theme in countries like UK, India, etc.

Mr. Dip Prakash Panday
  • Mr. Dip Prakash Panday, Director

Mr. Sonam Gyatso is the founding Chairman of the company. He has been a successful entrepreneur for more than 25 years in his life. His vast knowledge and understanding of startup ventures in Nepal and acumen towards investing/promoting established institutions in the country differ from the rest. His domain of businesses includes carpet, trading, tourism and hydropower industries.

Mr. Sonam Gyatso
  • Mr. Sonam Gyatso, Director

Mr. Ujaya Shakya, the founder, and the managing director of Outreach Nepal Pvt. Ltd., a leading advertising/branding agency in Nepal, and the Vice President of Advertising Association of Nepal (AAN). He is a management expert with expertise on strategic 360-degree communication/branding, and social communication development – career spanning over 16 years. Mr. Shakya is the author of “Brandsutra", and a columnist for The Himalayan Times (one of the leading national daily newspapers) under column name “Brandbasics.” He is also a regular contributor for “Dispatch from Nepal” in Campaign Asia Pacific. He has served major brands in Nepal including some of the largest FMCG brands, financial & insurance products, consumer durables, automobiles, telecommunication, entertainment industries, spirits, and development projects.

Mr. Ujaya Shakya
  • Mr. Ujaya Shakya, Director

Management Team

Kriti Capital’s service sets a benchmark in the industry more than 35 years of cumulative experience in: Capital Markets, Financial Advisory, Securities/Industry Research, Valuations, Capital Restructuring, Private Equity, Venture Capital, and Asset Management.



Mr. Vaidya leads the 'Team Kriti Capital' towards the ultimate goal to provide unbeatable service to our customers. He has worked in the capital market-related services in Nepal, and in the United States. Further, Mr. Vaidya has also worked as a head of merchant banking department of NMB Bank for six years. At NMB, he was engaged in managing IPOs, private placement of shares and bonds in Nepal. Mr. Vaidya worked for 14 months as a research analyst at Knight Capital Group (KCG) – one of the leading Wall Street firms in the United States. At KCG, Mr. Vaidya covered automobile, energy, financial industry and REITs. Upon his return to Nepal in 2009, he started working in Vibor Capital Ltd. At Vibor, wherein he worked for 15 months, he looked into areas like private equity and real estate businesses in Nepal.

Since December 2011, he has been with Kriti Capital as the founder and Managing Director. He is an MBA graduate from Brandeis University, the USA under the Fulbright Scholarship. He has also contributed to policy review report entitled "Review of IPO Process in Nepal and Study of Prerequisites for Introducing Free Pricing in IPOs in Nepal" for Securities Board of Nepal. He also serves as a resource person to various workshops and programs organized by different entities including Securities Board of Nepal (SEBON).

Mr. Deepesh K. Vaidya
  • Mr. Deepesh K. Vaidya, Founder / Managing Director

Mr. Karki is a merchant banker. He has over eight years of experience in public issuance of different categories of investment instruments, including but not limited to, primary public offerings, right shares, debentures, and power bonds. Before Kriti Capital, Mr. Karki was leading the Merchant Banking Department at Nabil Investment Banking Limited. In fact, it was Mr. Karki who served as one of the core team members in establishing Nabil Investment Banking Limited. At Kriti Capital, Mr. Karki leads a team of MBA graduates and professional Chartered Accountants (CAs) to provide Portfolio Management Services, Venture Promotion Services and Financial Advisory Services to the clients. Mr. Karki also oversees operations management at Kriti Capital.

Mr. Sandeep Karki
  • Mr. Sandeep Karki, Manager

Ms. Thapa is an expert at public issuance of shares, registrar of shares, DEMAT services, and operations of portfolio management services. She has over eight years of experience in the field. Her previous career points include serving at Nepal Finance Limited and Vibor Capital Limited. She oversees the operations department at Kriti Capital.

Mrs. Karuna Thapa
  • Mrs. Karuna Thapa, In-Charge, PMS Operations and DP Services

Mr. Emil Pradhan, an MBA (Finance) graduate from Kathmandu University School of Management, Nepal. During his time at the graduate school, he was involved in managing student welfare activities as a President of "Student Welfare Council" for 2011/12. With Kriti Capital, Mr. Pradhan serves as an Associate in Kriti Capital & Investments for the past five years. His daily job description entails involving into a wide array of Investment Banking services including Fund Arrangement, Business Valuation, and Portfolio Management Services. He has also been involved in industry analysis and business valuations of tourism, infrastructure, and agriculture industry.

Mr. Emil Pradhan
  • Mr. Emil Pradhan, In-Charge, PMS Trading & Research

Mr. Chand, an MBA (Finance) graduate from Kathmandu University School of Management. He has a B.Tech in ECE and is currently pursuing LLB in corporate finance. Mr. Chand has been a part of Kriti Capital for the last three year and oversees PMS Client Relationship Department. Mr. Chand brings in three years of international experience in the technology industry and has worked as the visiting faculty at KU School of Management. He has authored two articles related to business and investment scenario of Nepalese garment and insurance industry in reputed National business magazines. He has been involved in investment analysis, deal solicitation, investor presentation, business valuation and financial reporting services for various hydro power, hotel, restaurant and manufacturing companies of Nepal.

Mr. Ujjwal Chand
  • Mr. Ujjwal Chand, In-Charge, PMS Client Relationship

Mr. Giri has five years of commercial banking experience overseeing credit portfolio in 'A' class commercial bank of Nepal. His experience ranges from managing corporate credit clients to SME clients from divergent industries in Nepal. He has Master's Degree from Kathmandu University School of Management. He has conducted a number of capital market researches. At Kriti Capital, he oversees Corporate Financial Advisory Service.

Mr. Eshant Giri
  • Mr. Eshant Giri, In-Charge, Corporate Financial Advisory

Mr. Rajbahak, a Bachelor's Degree holder in Business Studies, has over five years of experience in the field of accounting and finance. Before Kriti Capital in August 2014, he worked as an Audit Associate in an Audit firm where he got engaged in auditing various for-profit and non-profit organizations. He has unbeaten expertise in financial management, taxation, and auditing. At Kriti Capital, he oversees treasury, procurement management, reconciliation of public issuance of shares, and portfolio maturity.

Mr. Shankar Rajbahak
  • Mr. Shankar Rajbahak, In-Charge, Accounts Department

Advisory Board

Kriti Capital has an advisory team of selected professionals to provide strategic support to the management team. The advisory team involves in deal-executions and in rendering related services as and when required.



Mr. Dhungel is the founding Chairman of Securities Board of Nepal (SEBON) for which he led SEBON for more than ten years as a Chairperson before his retirement in 2003. Mr. Dhungel began his career in Nepal Rastra Bank (Central Bank of Nepal), and later part of his career for the development of capital markets in Nepal. He had also served as an Executive Director of Citizen Investment Trust. He is a key person to advice on Kriti Capital's business and operations.

Mr. Dumbar Dhungel
  • Mr. Dumbar Dhungel

Mr. Tiwari, a Harvard graduate, is the founding director of Himal Media. He later also led Himal Media as a CEO. At Kriti Capital, Mr. Tiwari advises Kriti Capital on soliciting and executing services of the company.

Mr. Tiwari has more than 15 years of experience in Nepal, Bangladesh, and the US in leading and managing social, commercial and non-profit ventures. He is a highly sought-after corporate governance specialist, and an expert on labor unions. In 2008, he co-founded Entrepreneurs for Nepal, a network of entrepreneurs, through which he has mentored more than 40 commercial and social entrepreneurs. In 2011, the World Economic Forum, which hosts the annual Davos conference, recognized him as a 'Young Global Leader' for his contribution towards commercial, government, social and non-profit sectors across the world. Currently, he is a Director at SunFarmer Nepal and the CEO of Sherpa Adventure Gear.

Mr. Ashutosh Tiwari
  • Mr. Ashutosh Tiwari

Associations

P. L. Shrestha & Co. is, a partnership – accounting firm, promoted by Mr. Pushpa Lal Shrestha, Fellow Chartered Accountant. Established in 1978, the firm carries out accounting, auditing, and other related business advisory services. Mr. Shrestha has an experience of over 38 years in diverse fields like auditing, internal audit, tax audit, and financial & management consultancy. The firm is well equipped with the talented human resources coming from a diverse background such as business management, economics, banking, information technology, etc.

P. L. Shrestha & Co. is a member of HLB International, a worldwide network of independent professional accounting firms & business advisors.

P. L. Shrestha & Co.
  • P. L. Shrestha & Co., Auditor

Mr. Hom Bahadur Raut Chhetri, a practicing lawyer and an advocate at the Supreme Court of Nepal, has been associated with Kriti Capital in the capacity of a legal consultant since 2011. He has been trained in Capital Markets Development of Nepal, a workshop organized by SEBON. Additionally, He is a member of Nepal Notary Public Council, Nepal Bar Council, and Nepal Bar Association. Mr. Chhetri also provides legal advisory and consulting services to Nepal Hydro and Electric Ltd., Lapchi Data Solutions Pvt. Ltd., Carpets and Crafts Nepal Ltd., and Samjhana Finance Co. Ltd.

Hom Bahadur Raut Chhetri
  • Hom Bahadur Raut Chhetri, Legal Consultant

PYCUS Holdings Pvt. Ltd. is an associate to Kriti Capital designing, implementing, evaluating, and overseeing every marketing and promotion work. More particularly, PYCUS works to provide Kriti Capital with Corporate Identity Planning, Strategic Brand Management, Creation of Visual Brand Language, and Integrated Marketing Communications (IMC).

PYCUS Holdings Pvt. Ltd
  • PYCUS Holdings Pvt. Ltd, Branding & Marketing Consultant

Milestones

  • 2011
      • No. of employees: 5
      • Promoters: 20
      • Paid Up : NPR 10.40 million
      • Services Provided: Advisory, Research, Sale & trading, Loan Syndication.
  • 2013
      • License received on 13th Shrawan 2070
      • Started Discretionary and Non-Discretionary PMS Services
      • Starting fund under management : Total Fund of NPR 12.5 million in first year
      • No. of clients: 7
  • 2015
      • Over NPR 870 million raised from over 500 investors for FPO of Shikhar Insurance FPO
      • Registration of DP Membership from SEBON on 2071/03/02
      • License from CDSC as DP Member on 2072/02/18
      • Started Demat Services
      • Agreement with NPR 400 million Venture Fund of Nepal to act as its Investment Management Advisory on Jan 2015
      • Funds of over NPR 100 million invested in Hydropower and Hotel in first year.
  • 2017
      • Over NPR 1.50 billion raised from 2000 investors for FPO of Nepal Life Insurance and Standard Chartered
      • No. of PMS Clients: 160 (individuals and Institutions)
      • Fund under mgmt: NPR 600 million
      • Debt & Equity Raised : NPR 1.70 billion
      • Major sectors covered: Hydropower, Hospital, Manufacturing, Hotel, Agriculture, Trading, Investment Management
      • Raising NPR 400 million (debt & equity) for 2.40 MW hydropower
      • No. of staff : 24
      • Investment company promoted by Kriti Capital & Investments Ltd. with issued capital of NPR 280 million.
      • Corporate Advisory: 3 
      • Market Research: 1
      • Bond Transaction Facilitation: 1
    2012
      • MOU with KUSOM : May 2014 to promote Capital Markets and Investment Banking in Nepal
      • Creating awareness about investments
      • Interaction with Women Cooperative, KUSOM Students, Students of Multiple College, Investors at Dhading & Kathmandu
      • Provide Share Portfolio Tracker Software for free
      • Roundtable Discussion on Capital Markets Development in Nepal : Attended by Senior Officials of NRB, SEBON, Insurance Board, MoF, Merchant Bankers Association, Economic Advisor to PM and Former Beauracrats
      • AUM: NPR 73.70 million
      • Clients: 22
    2014
      • Moved to New office at the heart of the Kathmandu City
      • Better Approachability for clients
      • Debt & Equity Raise : NPR 1.59 billion
      • Industrial Sectors : 11
      • Incorporation Advisory: 1
      • Company Valuation: 4
      • FPO Valuation: 1
      • Research: 1
    2016