Kathmandu. Panchakanya Group’s business declined by 25.61 percent. According to the financial statement released by CARE Ratings Nepal, the group’s business declined by 25.61 percent in 2024 compared to 2023.
The group has a turnover of Rs 5.84 billion in 2024, Rs 7.86 billion in 2023 and Rs 10.10 billion in 2022.
According to the data, the business of panchakanya plastic industry, panchakanya plast pvt ltd, panchakanya steel pvt ltd and panchakanya rotomold pvt ltd has decreased.
Here are the business data of 4 companies under The Panchakanya Group,
Panchakanya Steel Pvt Ltd
Panchakanya Steel Pvt Ltd’s business declined by 28.43 percent in 2024. The company has a turnover of Rs 3.65 billion in 2024. Similarly, the company had a turnover of Rs 5.11 billion in 2023 and Rs 6.74 billion in 2022.
The company has been producing dandi under panchakanya brand and selling it in the Nepali market. The company has seven depots. The company has depots in Balkhu, Lalitpur, Bhairahawa, Pokhara, Dhangadhi, Nepalgunj and Birtamod.
Prem Bahadur Shrestha is the chairman of Panchakanya Steel, which is run by The Panchakanya Group. The industry, which has been producing TMT steel bars continuously since 1995, has a capacity of 150,000 metric tons annually.
Panchakanya Rotomold Pvt Ltd
The business of Panchakanya Romold Pvt. Ltd. under the Panchakanya Group has decreased by 14.70 percent. The company has a turnover of Rs 667 million in 2024.
Similarly, the company had a turnover of Rs 782 million in 2023 and Rs 1.05 billion in 2022.
The company has the capacity to produce 5,000 metric tonnes of UPVC pipes and fittings annually.
Panchakanya Plastic Industry Pvt Ltd:
The business of Panchakanya Plastic Industry of Panchakanya Group has also declined. The company’s business declined by 28.46 percent in 2024 compared to 2023.
In 2024, the company did a business of Only Rs 882 million, compared to Rs 1.23 billion in 2023 and Rs 1.36 billion in 2022.
Established in 1982, the industry has been manufacturing and selling 9,000 metric tonnes of AZDE pipes and fittings.
Panchakanya Plast Pvt Ltd:
In 2024, the business of Panchakanya Plast Pvt. Ltd. declined by 12.80 percent. The company has a turnover of Rs 64 crore in 2024.
Similarly, the company had a turnover of Rs 734 million in 2023 and Rs 936 million in 2022.
The company has been manufacturing PPR and CPVC pipes and fittings since 2003. The company has the capacity to produce 5,000 metric tons annually.
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