Introduction of the company

Himalayan Re is the first private sector reinsurance company established in the Republic of Nepal. The company would offer Reinsurance support to Life and General Insurance Companies in Nepal and overseas.

Capital Structure

Authorized Capital                              NPR 21 Billions (USD 180 Millions approx)

Issued Capital                                     NPR 7 Billions (USD 60 Millions approx)

Paid up Capital                                   NPR 7 Billions (USD 60 Millions approx)

Ownership

• Promoters’ share of the Paid-up Capital is 70% – that is, NPR 7 Billions (USD 65 Millions approx)
• NPR 3 Billions (USD 25 Millions approx) shall be Public Share through an IPO to be issued within next 2 years as per the existing rules and regulations in Nepal

Promoters

Promoters of Himalayan Re include leading business houses of Nepal, along with leading financial institutions of the country. Prominent Promoters include;

• Golchha Group
• Shanker Group
• Lucky Group
• Ramesh Corp
• Shiv Shakti Group
• Murarka Group
• K L Dugar Group
• M V Dugar Group
• R H Group
• M S Group
• IME Group

All of the above listed corporate houses occupy a place of pride on the economic map of Nepal, having their business activities spread to all sectors

Apart of these business houses, the Promoters include 2 of the topmost commercial banks of Nepal, which are primarily owned by the Govt of Nepal.

• Nepal Bank Limited                          
• Rastriya Banijya Bank Limited