Panchakanya Group has blossomed into a sprawling tree, its roots firmly planted in various regions across Nepal. For over five glorious decades, we have been dedicated to providing sustainable trading solutions to communities. However, the seeds of this remarkable journey were sown by our visionary Chairman, Mr. Prem Bahadur Shrestha, who conceived the idea of trading potatoes in the hills of eastern Nepal when he was just a teenager. The path was full of challenges, particularly during the early years when Mr. Shrestha faced substantial business setbacks. But his unyielding determination and unwavering positive outlook propelled Panchakanya Group to the heights it occupies today, firmly establishing it as a prominent business powerhouse in Nepal.
Our journey commenced in the 1970s when our Chairman made the strategic decision to diversify operations and relocated to the plains of Jhapa in the eastern part of Nepal. Recognizing greater opportunities in the Terai region, he initially ventured into the timber trade, even as numerous sawmills operated in the area. After several years of perseverance, Mr. Prem Bahadur Shrestha achieved profitability in this new venture. In 1971, Panchakanya Group's inaugural industrial venture materialized with the establishment of the modern Panchakanya Rice Mill, further solidifying our status as a burgeoning business entity. This decision to establish an agro-based company earned us significant goodwill in the market and fostered trust and confidence among financial and credit institutions.
As we proudly celebrate our 51st year, we look back on a journey marked by continuous growth and diversification. Panchakanya Group has since ventured into over 10 diverse industries, reaffirming our commitment to innovation and excellence in every endeavor.
The name ‘Panchakanya’ has its roots in the existence of Five Virgins – a group of five iconic heroines of Hindu epics. Durga, Saraswati, Laxmi, Radha and Annapurna - the five Goddesses these symbolises luck and prosperity in Hindu religion. Owing to this importance it was assigned to the company as the family has a strong affiliation to the Panchakanya Temple in Karfok in eastern Nepal. The word ‘Panchakanya’ in the Nepalese culture signifies five virgin girls whose presence is considered auspicious while welcoming distinguished personalities and valued guests.