Founded by Shanker Agarwal in 1979, Shanker is an emblem which represents a multidimensional enterprise, headquartered in Nepal, comprising of 40 companies across verticals.
The group operates in Nepal, with a mission 'To enrich peoples lives through an entrepreneurial ecosystem’.
Jagdamba Holdings and Jagdamba Group are the principal investment holding companies and promoters of Shanker companies.
In 2020-21, the revenue of Shanker companies, taken together, was over $1 billion (NPR 11,000 Crore). These companies collectively employ over 15,000 people.
Each Shanker company or enterprise operates independently under the guidance and supervision of its own board of directors.
Companies include Jagdamba Steels, Jagdamba Motors, Shaurya Cement, Riddhi Siddhi Cement, Himalayan Re-Insurance, Union Life Insurance, Jagdamba Cement, Jagdamba Enterprises, Jagdamba Flour and Agro, Jagdamba Mobiles, Jagdamba AlcoBev, Jagdamba Overseas, Modikhola Hydro Power, Balefi Hydroper, Jagdamba Credit and Investment and many more.
