“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. “
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.
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