The legacy of this company has its humble beginning in 1959 with the establishment of Nepal Commercial Enterprises (P) Ltd by Mr. Raj Krishna Shrestha.
As a young entrepreneur, Mr. Shrestha deviated from his pre-existing family business of jewelry to start a trading house which would focus on the fundamental needs of the Nepalese public. It was a vision considered too early in the Nepal trade circuit, however, it was a dream that Mr. Shrestha held close to his heart.
Throughout his tenure, nce built relations with various companies from different parts of the world converging into trade, collaboration, liaison and, representation in various projects all over Nepal. nce, under Mr. Shrestha, was the first company to introduce the sales and distribution of “Hindustan” sanitary-ware currently known as “Hindware”, in Nepal. Mr. Shrestha in joint venture with his brothers established Kathmandu Medical Hall, initiating the first import of pharmaceuticals in the Nepal market.
NCE Electric was established by Mr. Shrestha as a subsidiary to provide materials for the development of the electrical lines. This paved the structure for the first electric trolley bus circuit, which ran successfully in the Kathmandu Metropolitan for decades serving the general masses as a mode of daily transportation. nce was also awarded the contract for supply of materials for the development of water and sewage piping in Kathmandu, later moving on to provide similar infrastructural developments in various regions of Nepal.Read More
Mr. Shrestha is also accredited for introducing Japanese Trading houses in Nepal. His entrepreneurial expertise was important in implementing significant developmental projects carried out bi-laterally with major Japanese business houses, namely:
Industrialization was at an infant stage and his continued foresight into the needs of the customer for quality product with superior standards sparked the beginning of a long-standing partnership with India’s recognized, Godrej & Boyce Mfg. Co. Ltd., Mumbai. Introducing in Nepal the “Godrej” Storwel – steel cupboard in the 1960’s and addressing the significance of security, making available the range of “Godrej” Navtal Padlocks & “Godrej” Popular Safes for the first time in Nepal. Through the fifty years of partnership, Godrej & nce have widened their product portfolio introducing various door locks – mechanical & electronic, vaults & safes – fire & burglar resisting, home & office furniture – knock-down, modular and customized storage solutions to the industrial sector.
NCE in it’s history of more than fifty years of operation has accumulated a diverse product & service portfolio owing to the support of Mr. Shrestha.
A short glance into the biography of Mr. Raj Krishna Shrestha, would take you to the streets of Mumbai, his struggles and an opportunity to observe the Indian movie industry & the theatres that showcased them. Mr. Shrestha always had a knack for looking into opportunities that the public expected in their subconscious, taking the risk to build upon and successfully introducing it in Nepal. This ability of Mr. Shrestha sparked a revelation which necessitated the emergence of the entertainment sector in Nepal. On his return from India, he with the support of his family invested & overlooked the construction of one of the first theatres in Nepal, the “Ranjana” Cinema Hall. This innovative form of entertainment introduced to the general public resulted in gradual development of the locality, later being coined the name “Ranjana” Galli (street).
A significant talent for trade and profound contribution in various business sectors, Mr. Shrestha was equally dedicated to the Nepalese society and is still involved in numerous social organizations. Having held the Presidency of the Child Welfare Co-ordination Committee (1985 – 1989) and a member of Under Privileged Children’s Education Programme (UCEP), he laid emphasis on building a strong foundation and encouraging the young to grasp opportunities to secure their future, similar to his personal life experiences.
As the Chairman of Bir Hospital Development Board (the first government hospital established in Nepal) for two consecutive terms (1983 – 1987), his fervor to improve the health services in Nepal was much appreciated by the government.
He was the founder & treasurer of Nepal Eye Hospital and chairman of it’s Construction Development Sub-Committee in 1974. Mr. Shrestha was later elected the Chairman of Nepal Eye Hospital (1995 – 2000). As a member and founder of Nepal Disable & Blind Association and Treasurer of Netra Jyoti Sangha in 1979, his focus became to spread the awareness of vision impairment and its health risks.
He was the Treasurer of Handicapped Services Co-Ordination Committee, International Year of Disabled Persons (IYDP – 1981), Apang Kosh (Trust Fund for the Disabled) and Member & Chairman in the Construction Sub-Committee of the Leprosy Relief Association. His efforts in establishing the foundation and looking over the finances of these organizations resulted in increasing contributions of foreign aid in Nepal.
As the Board member for Upkar Kosh (Welfare Trust Fund) & Social Services National Co-ordination Council (SSNCC), he worked closely with the late Her Majesty Queen, Aishwarya Rajya Laxmi Devi Shah and conducted the board meeting as the acting Chairperson on her behalf, during her foreign visit on 11th January, 1989.
He has been an integral voice for various organizations, in the field of Education, Health, Finance, Entertainment, Welfare, Community and Rural Development. Mr. Shrestha’s role and efforts to take the organization beyond its limits, and help achieve new and commendable milestones inspires every individual to value & discover our own vision and goals in life.
Mr. Raj Krishna Shrestha was affiliated with several other reputable organizations during his tenure of service:
Currently, he is the chairman of Himalayan General Insurance Co. Ltd. & Nepal Commercial Enterprises (P) Ltd.
NCE is one of Nepal’s most enduring and respected business houses and we are grateful to Mr. Shrestha for his leadership and vision to build upon our identity and upholding morals of integrity and commitment. We are inspired by him towards offering quality products and superior service all over Nepal. nce strives to continue and build upon his contributions to the well-being of the public and uphold the standards and vision of our eclectic founder.