Golyan Group Explained

Golyan Group
Type:Private
Founded:1960
Founder:Sohan Lal Golyan
Headquarters:Kathmandu, Nepal
Key People:Pawan Golyan (Chairman)
Products:Manufacturing, Agriculture, Banking & Insurance, Renewable Energy, Construction and Hospitality.
Revenue:USD 400 Million (2022)
Num Employees:6000+

Golyan Group is a Nepalese corporate business enterprise with investments in various businesses such as manufacturing, agriculture, tourism, real estate, financial services, and renewable energy.[1] [2] [3]

Golyan Group's businesses are spread over multiple domestic locations with its headquarters in Kathmandu, Nepal. Additionally, its products are sold worldwide in countries such as Canada, the United States of America, the United Kingdom, Germany, Italy, Turkey, Yemen, Kenya, India, Bangladesh, and Singapore. [4] [5]

Board

The Golyan Group is a family-owned business.The board of directors consists of the following. [6]

PositionPersonnel
ChairmanPawan Golyan [7]
Vice ChairmanBasu Dev Golyan
Managing DirectorAkshay Golyan [8] [9]
DirectorShakti Golyan
DirectorAnant Golyan

Business

Energy

Golyan Group holds survey licenses for 900 MW of combined hydro and solar power. 14 projects are at different stages with a forecast of generating 900 MW of electricity by 2030.[10] The projects include Elevate Energy Pvt. Ltd and Apollo Energy Pvt. Ltd consisting of the 135 MW Namlan Khola Hydropower Project and 306 MW Upper Mugu Karnali Hydropower Project.[11] Both of these projects recently received a technical assistance grant from the U.S. International Development Finance Corporation. [12] [13]

In addition, Pure Energy Pvt. Ltd has developed and commissioned 20 MW (10 MW + 10 MW) solar power plant in Nepalgunj (Banke), making it the largest solar power plant operated by a private enterprise. [14] [15]

List of hydropower projects

List of Solar power projects

Manufacturing

Reliance Spinning Mills Ltd.

Reliance Spinning Mills Ltd. (RSML) is a public limited company established in 1994 AD and is the largest spinning mills in Nepal with an investment of NPR. 15.5 Billion. [18] [19]

The company operates two factories: Unit A located at Khanar, Sunsari, and Unit B located at Duhabi, Sunsari, Nepal. RSML utilizes machinery from textile machinery manufacturers such as LMW, Savio, Schlafhorst/Saurer, Vijay Laxmi, Peass, Mylon, Murata, Rieter & Aalidhra Textool. [20] RSML engages in manufacturing Polyester, Viscose, and Acrylic, and their various blends in grey, dyed, melange yarn & DTV yarns. RSML's installed capacity of 79,824 ring spindles & 960 vortex spindles (Equivalent to 19,200 ring spindles) makes the factory capable of producing 40,680 tons of yarn annually. The company also completed the expansion of 1,440 vortex spindles (Equivalent to 28.800 ring spindles) and an open end plant & additional TFO twisters for making the factory capable of producing an additional 8,280 tons annually. After this recent commissioning of two new production lines in June 2023, the Company's installed capacity brings the total production to 120MT/day.[21]

Awards:

  1. Excellence Award in Value-added Export category 2022 [22]
  2. Excellence in Industrial Relations Award 2022 [23]
  3. Top Employment Provider 2020 by Nepal Foreign Trade Association

Tricot Industry

Tricot, a private-sector enterprise, specializes in the production of cashmere knitwear and exports its products worldwide. Tricot is a socially certified company in the cashmere/pashmina industry in Nepal for social compliance, as recognized by SEDEX. [24]

Tricot Industries owns the following brands

  1. WOSA LENA [25]
  2. Scottish Borders [26]

Shivam Plastic Industry

Shivam is a manufacturing unit within the Golyan Group, specializing in propylene-based woven fabric production. Established in 2000, Shivam Plastic Industries Pvt. Ltd. is a manufacturer of polypropylene woven fabric and HDPE woven tarpaulin fabric. Its products are sold both in the domestic market and exported, primarily to India. It has an annual production capacity of 10,000 metric tons per annum (MTPA). Shivam is a joint venture of the Golyan family (Golyan Group) and the Agarwal family.[27]

Shivam Plastics was started in 1998, it is one of the manufacturers of HDPE/PP woven fabrics in Nepal. It has three tapelines (lorex1000, lorex1200, and lorex1400).[28]

Agriculture

Golyan Group has diversified its investment in the Agriculture sector through Golyan Agro, the agricultural wing, Golyan Agro has established its own brand and supply chain for the agricultural goods it produces, selling them under the brand "Mato".[29]

The Golyan Group expanded its investments into the agriculture sector with a total investment of approximately Rs 1.5 billion. Golyan Agro, a subsidiary of the group, invested Rs. 400 million to plant lemon, papaya, watermelon, and mango trees in the Madargachha, Chakchake, and Gherabari areas of the district for farming purposes. The company has two hundred farmers directly working with the group.[30] [31]

Janata Agro and Forestry Limited (JAFL): JAFL specializes in agricultural and forestry products.

MATO: MATO is an agriculture-based FMCG company with more than 20 product categories with 7 outlets in Kathmandu which also sells chemical-free fruits and vegetables. [32] [33]

Under the brand Mato, Golyan Agro supplies organic farm produce at affordable rates in the market. What began as a CSR initiative in Rangpur, Jhapa has grown to become a successful business model of perennial farming encompassing nearly 1,000 farmers from 25 villages. For the collection of farm produce and market management, the Golyan Group has been collaborating with the Women Entrepreneurs’ Association of Nepal (WEAN) in Jhapa.  

Golyan Group has 300 bighas for commercial farming in different locations of Jhapa. Golyan Agro produces paddy and fruits including strawberry, lemon, watermelon, dragon fruit, papaya,and seasonal vegetables. Similarly, the company also produces the local rice breed ‘Kalanamak’ in 190 bighas in Jhapa and Bardia districts collaborating with the local farmers. [34]

Hospitality and Construction

Hyatt Place, Kathmandu

Hyatt Place Kathmandu is the first hotel under City Hotel Ltd., a hospitality entity of the Golyan Group. It opened in November 2021.[35] [36] [37] Golyan Group aims to operate and construct several other hotels and resorts under its hospitality vertical.[38] [39] City Hotel Ltd. has recently gone public in May 2023. [40]

Awards

  1. South Asian Travel Award (SATA) for Leading F&B Hotel. [41]

Westar Residency, Kathmandu

Westar Residency is a residential apartment complex located in Balkumari, Lalitpur consisting of 4 towers with a total of 212 apartments. [42] [43] [44]

CSR Campaigns

The Case Challenge

The Case Challenge is a case study competition which is based on the Roots of Nepal. The Case competition has four chapters, agriculture, energy, tourism and manufacturing.The competition offered a winning price of NPR. 1,50,000 and 75,000 for the winners and runner up respectively. [45] [46]

Chapter One Winners:

PositionCollege
FirstKathmandu University School of Management
SecondPresidential Business School

Notes and References

  1. Web site: Propagating Nepal's Journey to Self-Reliance: Pawan Golyan . B360 Nepal . 14 September 2020 . 2023-04-12.
  2. Web site: GEFONT Publication . GEFONT . 2023-04-12.
  3. Web site: Annual List of 100 People to Watch . B360 Nepal . 8 March 2021 . 2023-04-12.
  4. Web site: Golyan's vision: Strengthening Nepal's economic and social foundation to ensure justifiable future . 2023-06-08 . Khabarhub . en.
  5. Web site: Our Locations – Golyan Group . 2023-06-08 . en-US.
  6. Web site: The Board – Golyan Group. Golyan Group. 2023-04-12.
  7. Web site: RSS . 25 entrepreneurs honoured with 'CIP Award' . 2023-11-20 . My Republica . en.
  8. Web site: gc . jyoti . 2024-03-04 . ‘कर्पोरेट बिजनेश अवार्ड, २०८०’ सम्पन्न, विभिन्न उद्योगी–व्यवसायीलाई गरियो सम्मान (सूचीसहित) . 2024-03-05 . corporatekhabar : Nepals first corporate news magazine and portal . en-US.
  9. Web site: Ranjit . Arun . Desk . FA News . 2020-02-11 . Government honors 25 entrepreneurs with 'CIP Award' . 2023-12-08 . The Foreign Affairs News . en-US.
  10. Web site: Survey License:: Hydro (More than 1MW) . 3 March 2023 . 12 April 2023 .
  11. Web site: Golyan Group's joint venture agreement between Apollo Energy, China Energy & Gezhouba Group . Makalu Khabar . 24 March 2022.
  12. Web site: 2020-06-10 . Golyan Group signs contract with Tractebel Engineering GmbH to build hydro project . 2023-06-08 . en.nepalkhabar.com . en-gb.
  13. Web site: 2023-05-22 . New hydropower projects bring Nepal closer to 100% electrification target . 2023-06-08 . tractebel-engie.com . en.
  14. Web site: Testing of electricity generated from solar begins in Banke . 2023-06-08 . GorakhaPatra.
  15. Web site: Pure Energy signs PPA for 20 MW solar project with NEA . Himalayan News Service . The Himalayan Times . 12 April 2023 . 25 January 2022.
  16. Web site: 2023-05-22 . New hydropower projects bring Nepal closer to 100% electrification target . 2023-05-23 . tractebel-engie.com . en.
  17. Web site: पियोर इनर्जीले बाँकेमा निर्माण गरेको सौर्य विद्युत परीक्षण सम्पन्न . 2023-12-27 . Online Khabar . en-US.
  18. News: Dhakal . Modhnath . Reliance Spinning To Expand Production Facility . The Rising Nepal Daily .
  19. Web site: textilemagazine . 2023-11-02 . LMW and Reliance Spinning Mills Ltd., Nepal – The Partnership Continues … . 2023-11-16 . The Textile Magazine . en-US.
  20. Web site: textilemagazine . 2023-11-02 . LMW and Reliance Spinning Mills Ltd., Nepal – The Partnership Continues … . 2023-12-27 . The Textile Magazine . en-US.
  21. Web site: Valuation of Reliance Spinning Mills Ltd. for Qualified Institutional Investors . Global IME Capital Limited . 26 June 2022.
  22. Web site: 2021-09-17 . the HRM Nepal Awards for Corporate Excellence 2022 & the HRM Nepal Awards for Distinguished Services 2022 – The HRM Nepal . 2023-10-29 . en-US.
  23. Web site: 14th edition of HR Meet concludes . 2023-10-29 . b360nepal.com . en.
  24. Web site: With Tricot, our customers get what they want when they want and in the quality they want: Shakti Golyan, Managing Director at Tricot Cashmere . Golyan . Shakti . 28 March 2022 . Nepal Live Today . 12 April 2023.
  25. Web site: Wosa-lena . 2023-06-08 . trademarks.justia.com.
  26. Web site: 'Scottish Border': High quality pashmina produced in Biratnagar exported to Europe (Video) . 2023-06-08 . English.MakaluKhabar.com . en-US.
  27. Web site: Rationale – Shivam Plastic Industries Pvt Ltd . ICRA Nepal . 2023-04-12.
  28. Web site: Shivam Plastic Industries Pvt. Ltd. . 12 April 2023.
  29. Web site: Golyan Group diversifies investment to agriculture sector . The Himalayan Times . 22 January 2019 . 2023-04-12.
  30. Web site: Golyan Group to invest Rs 1.5 billion in agriculture . myrepublica.nagariknetwork.com . 2023-04-13.
  31. Web site: Concerns raised about foreign investment in agriculture, but it is needed, stakeholders say . kathmandupost.com . 2023-04-13.
  32. Web site: Pawan Golyan: Transforming Nepal's agriculture . 2023-06-08 . The Annapurna Express . en.
  33. Web site: Times . The Himalayan . 2019-08-16 . MATO aims to promote organic vegetables . 2023-06-08 . The Himalayan Times . en.
  34. Web site: Nepal's Agribusiness Transformation . 2023-06-08 . www.newbusinessage.com . en.
  35. Web site: Hyatt Place Kathmandu . Hyatt.com . 2023-04-12.
  36. Web site: Hyatt Place Kathmandu opens for guests . Hotel News Resource . 2023-04-12.
  37. Web site: Hyatt Place Kathmandu opens for guests . BW Hotelier . 2023-04-12.
  38. Web site: City, Rank ink lease . The Himalayan Times . 13 May 2022 . 2023-04-12.
  39. Web site: City Hotel Limited (CHL) IPO allotment to be made soon . Investopaper . 2023-04-12.
  40. Web site: 2016-12-15 . City Hotel IPO Allotment Concludes: Lucky 1,35,594 Applicants Gets 10 Units Each . 2023-06-08 . sharesansar.com . en.
  41. Web site: travelmin . 2023-10-11 . South Asian Travel Awards 2023 Concludes Successfully - Travelution Media . 2023-10-29 . en-US.
  42. Web site: Westar towers strike terror . 2023-10-29 . kathmandupost.com . English.
  43. Web site: Westar Residency – Boss Nepal . 2023-10-29 . en-US.
  44. Web site: Falling for flats - Nepali Times . 2023-10-29 . archive.nepalitimes.com.
  45. Web site: ‘The Case Challenge’ begins from Saturday by Golyan Group . 2023-11-01 . English.MakaluKhabar.com . en-US.
  46. Web site: Times . Nepali . 2023-08-24 . The Case Challenge . 2023-11-01 . nepalitimes.com.