History
Fueling Nepal’s growth. Fulfilling a nation’s aspirations.
Our History
In 2025, ICTC Group completes 50 fruitful years of business services
When Nepal opened up its doors to the world in the 1950’s, friends and neighbors across borders, continents and oceans slowly became aware of Nepal’s breathtaking beauty and a rich cultural heritage that could be traced back hundreds of years. Along with this fraternal feeling came the realization that Nepal needs to develop infrastructure like Education, Health, Industry, Trade, Power, etc. It was here that the Founder and Honorary Chairman Emeritus, Ram Lal Shrestha, envisioned the need to introduce foreign technology and equipment to the country in its nascent stage of development and in that process also to seek an opportunity to start a business of representing reputed Foreign Firms to introduce reliable equipment, material and services into the country. Thus started the Representation Business, a business pioneered by him and later developed to its zenith by his sons and family members.
With Nepalese economy opening up in the 1990s, the Group diversified into core sectors such as: Hydropower Development, High-End Hospitality-Hotel, non-Life Insurance, Quality Liquors, Information and Communication, and Infrastructure (Real Estate, Engineering Consulting, Infra Construction).
Even today the Group continues to grow steadily under the able guidance of the Founder and Honorary Chairman, who now has an accumulated business experience in Nepal of more than 60 years and his sons Dinesh Shrestha, Suresh Shrestha and Rajesh Shrestha, respectively Executive Chairman, Joint Executive Chairman, and Vice-Chairman.
A Humble Beginning
Prakash Stationery Centre
While the Founder Chairman along with other Business Associates continued to consolidate their Representation Business, ICTC Group started off as a fully owned small stationery mart in a back street of Kathmandu in 1974. Since the stationery business catered mostly to Government and Semi Government Clients, it greatly helped to establish a public relations base which proved to be a unique leverage in the Representation Business later.
Year 1975 saw the birth of Inter Continental Trading Concern, the initials of which (i.e. ICTC) were retained when ICTC Pvt. Ltd. was later formed.
After a year or two of hard struggle, small businesses started coming in, after which there was no turning back for ICTC in the Representation Business. From one business to another it has grown from strength to strength into one of the most successful Business Houses in Nepal specializing in providing highly professional local Liaison and Techno–Logistic support to foreign firms for major development projects in Nepal.
After outstanding success in the liaison & representation business for foreign companies seeking projects and development in Nepal, ICTC Group broadened its base considerably by diversifying into core business areas such as investments in Finance, Insurance, Beverages, Five–Star Hotel Development, Real Estate Services, Consumer Products Marketing, Trading, Construction, Information and Communication Services, Software Development, Engineering & Management Services and Hydropower Development.
The Visionary Founder
Message from Founder & Honorary Chairman Emeritus
Our core belief is simple: to contribute to society, excel in your work with sincerity and diligence, and treat all people—especially your compatriots—with consideration and compassion. Above all, we honor “Live and Let Live” and prioritize our nation’s greater good.
We are a family of companies working in diverse sectors nationwide, united by a mission to strengthen our country and its economy for everyone.
Birth of ICTC
In 1975, the Inter Continental Trading Concern was born — the initials “ICTC” were later retained when ICTC Pvt. Ltd. was formed. After initial struggles, small businesses began to flow in, marking a turning point in ICTC’s growth. From there, the company grew from strength to strength into one of Nepal’s most successful business houses, providing local liaison and techno-logistic support to foreign firms for major development projects.
Leadership and Growth
Our Past, Present and Future
have One thing in common.
A commitment to the Nation.
A commitment to Excellence.
A commitment to Deliverance.