Charting the Course for Growth: What it Takes to be a Successful Business Development Officer

A Business Development Officer is a senior-level professional who plays a critical role in driving the growth and success of an organization. Their primary responsibility is to identify and pursue new business opportunities that will help the company achieve its strategic goals and objectives.

In order to be successful in this role, a Business Development Officer must have a deep understanding of the organization’s products, services, and overall business strategy. They must be able to identify and analyze market trends, develop strategies to capitalize on new opportunities, and build strong relationships with key stakeholders and partners.

The specific responsibilities of a Business Development Officer can vary depending on the organization and industry. However, some of the key tasks and duties typically include:

  1. Market Analysis: Conducting research and analysis to identify potential new markets, trends, and opportunities that align with the organization’s overall goals and objectives.
  2. Sales and Business Planning: Developing and implementing sales and business plans that outline the organization’s growth strategies, target markets, and revenue targets.
  3. Relationship Building: Establishing and maintaining strong relationships with potential partners, customers, suppliers, and other stakeholders. This may involve attending networking events, conferences, and other industry events.
  4. Negotiation: Negotiating deals, contracts, and partnerships that are beneficial for the organization and its stakeholders.
  5. Project Management: Overseeing the implementation of new projects, initiatives, and partnerships to ensure they are delivered on time, within budget, and to the required quality standards.
  6. Metrics Tracking: Tracking and analyzing key performance metrics to evaluate the success of the organization’s business development activities, and making data-driven recommendations for improvement.
  7. Risk Management: Identifying potential risks and challenges associated with new business opportunities, and developing strategies to mitigate these risks.

In addition to these tasks and duties, s/he must also possess a range of skills and qualities that are essential to success in this role.

 

These include:

  1. Strategic Thinking: A Business Development Officer must be able to think strategically and identify opportunities that align with the organization’s overall goals and objectives.
  2. Communication: Effective communication is essential for success in business development, and s/he must be able to communicate effectively with stakeholders, partners, and customers.
  3. Leadership: A Business Development Officer must possess strong leadership skills and be able to motivate and inspire team members to achieve their goals.
  4. Analytical Skills: Strong analytical skills are essential for evaluating market trends, identifying potential new opportunities, and making data-driven recommendations.
  5. Relationship Building: Building strong relationships with stakeholders, partners, and customers is critical to success in business development, and s/he must be able to develop and maintain these relationships over time.

As a Business Development Officer, charting the course for growth requires a combination of strategic planning, effective communication, and strong relationship building skills.

Here are some key elements that are essential to being a successful Business Development Officer:

  1. Strategic Planning: A successful Business Development Officer has a clear understanding of the organization’s overall goals and objectives, and works to develop strategies that align with those goals. This involves analyzing market trends, identifying new business opportunities, and developing effective plans to capitalize on those opportunities.
  2. Effective Communication: Communication is key in business development. A successful Business Development Officer must be able to clearly and effectively communicate with team members, stakeholders, and potential partners. This includes presenting complex ideas in a simple, easy-to-understand way, and being able to listen actively and respond appropriately.
  3. Strong Relationship Building Skills: Building strong relationships is essential to success in business development. A successful Business Development Officer must be able to build and maintain positive relationships with a wide range of people, including customers, suppliers, and partners. This involves understanding their needs and interests, and working collaboratively to achieve common goals.
  4. Creative Problem Solving: S/he must be able to think creatively and solve problems quickly and effectively. This involves being able to analyze complex data, identify potential issues, and develop innovative solutions to address those issues.
  5. Flexibility and Adaptability: Business development is a constantly evolving field, and a successful Business Development Officer must be able to adapt quickly to changes in the market, the industry, and the organization. This involves being flexible, open-minded, and willing to try new approaches.

In summary, being a successful Business Development Officer requires a combination of strategic planning, effective communication, strong relationship building skills, creative problem solving, and flexibility and adaptability. By focusing on these key elements, s/he can chart the course for growth and success in today’s dynamic business environment.

Business Analyst

A Business Analyst is a professional who works to improve the efficiency and profitability of an organization. They do this by analyzing business processes, identifying areas of improvement, and recommending solutions.

The main responsibilities of a Business Analyst include:

1. Gathering requirements: This involves working with stakeholders to understand their needs and defining the requirements for a project.

2. Process mapping: The Business Analyst creates visual representations of business processes to help understand how they work.

3. Data analysis: They use data to identify trends, inefficiencies, and potential areas for improvement.

4. Solution design: The Business Analyst designs solutions to address the identified problems, considering factors like cost, feasibility, and impact.

5. Communication: They communicate their findings and recommendations to stakeholders and work with them to implement the solutions.

6. Project management: The Business Analyst may also be involved in managing the implementation of a solution, tracking progress, and ensuring that the project is delivered on time and within budget.

7. Stakeholder Management: The Business Analyst needs to work with a variety of stakeholders, including internal teams, customers, and vendors. They must be able to manage expectations, resolve conflicts, and maintain positive relationships.

8. Technical Knowledge: Depending on the industry, a Business Analyst may need to have a basic understanding of technology and software systems. They should be familiar with tools like flowcharting software, project management software, and data analysis tools.

9. Adaptability: Business processes and requirements can change rapidly, and the Business Analyst must be able to adapt to these changes. They should have the ability to think critically and creatively to find new solutions.

10. Project Lifecycle: The Business Analyst should have a good understanding of the project lifecycle, from initiation to closure. This includes creating project charters, defining project scope, developing a project plan, and conducting post-implementation reviews.

11. Certifications: Many Business Analysts choose to earn certifications, such as the Certified Business Analysis Professional (CBAP) offered by the International Institute of Business Analysis (IIBA). These certifications demonstrate expertise and can help advance one’s career.

12. Continuous Learning: Technology and business practices are constantly evolving, and the Business Analyst must be willing to continuously learn and update their skills to remain relevant and effective in their role.

A Business Analyst may work in various industries, including finance, healthcare, technology, and retail. To become a Business Analyst, a bachelor’s degree in a relevant field, such as business or computer science, is typically required. Strong analytical and problem-solving skills, excellent communication and interpersonal skills, and a solid understanding of business processes are also important for success in this role.

The role of a Business Analyst is dynamic and requires a combination of technical, analytical, and interpersonal skills. They play a critical role in helping organizations achieve their goals by improving processes, reducing costs, and increasing efficiency.

Why a Company needs Business Analyst?
A company needs a Business Analyst for several reasons, including:

1. Improving Business Processes: Business Analysts help identify inefficiencies and bottlenecks in business processes, and recommend solutions to improve them. This leads to increased efficiency and productivity, which can result in cost savings and improved profitability for the company.

2. Increasing competitiveness: By continuously improving processes, the company can remain competitive in the market and meet the changing needs of its customers.

3. Managing projects effectively: Business Analysts can help manage projects by defining project scope, developing project plans, and ensuring that projects are delivered on time and within budget.

4. Understanding customer needs: Business Analysts work with stakeholders, including customers, to understand their needs and requirements. This helps the company design products and services that better meet the needs of its customers.

5. Identifying new business opportunities: By analyzing data and market trends, Business Analysts can identify new business opportunities and help the company pursue them.

6. Implementing new technology: Business Analysts can help the company implement new technology by assessing the feasibility and impact of technology solutions and ensuring that they are properly integrated into the business.

7. Improving decision-making: By providing data-driven insights and recommendations, Business Analysts can support informed decision-making, which can improve the overall success of the company.

Business Analyst as a Professional Job Position:

It is a professional position that requires a specific set of skills and knowledge, and it is a key role in many organizations. Business Analysts play a critical role in improving business processes, reducing costs, and increasing efficiency, which can have a significant impact on the success of an organization.

The role of a Business Analyst can be found in a variety of industries, including finance, healthcare, technology, and retail, among others. If you have the relevant education and experience, and possess the necessary skills and attributes, a career as a Business Analyst can be a rewarding and fulfilling option.

In conclusion, a Business Analyst plays a crucial role in helping organizations achieve their goals and remain competitive. They bring a unique combination of technical, analytical, and interpersonal skills to the table, and their contributions can have a significant impact on the success of a company.

Esewa VS Khalti – Everything You Need To Know About eSewa And Khalti

The world is running hot on the topic of digital payment, cashless payment, digital currencies lime bitcoins and all though bitcoin being banned in places. The point here is that the people are just ditching the trend of using hard cash and replacing them with digital form, more secure and convenient. The digital payment is the next big thing in the economic field, by getting rid of cash, we are dealing with so much of solutions to our insecurity related to the handling and keeping records of the income and tax and all. And it is so much convenient as well to pay for something right from the card or from your mobile device.

How many times you have actually forgot your wallet at home and spent a day like broke like hell? Well I have done it couple of times but mobile wallet came to the rescue. It’s so much easier as you just need to load your wallet with fund and you are good to go. You can pay with your wallet at most of the places given your locality and its development. Payment gateway like PayPal, has been there for long time enough to motivate more people to use and make use of digital payment and discourage the use of hard cash.

Online Payment History in Nepal

The history of banking in Nepal took a very big leap with implementation of mobile and internet banking. This technological advancement encouraged people to utilize their banking system and habit to its fullest. Kumari bank is the first bank to initiate internet banking in Nepal as in 2002. It was soon accompanied by Laxmi Bank by its mobile (SMS) banking in 2004. Internet now being accessible at nearly every nooks and corner of Nepal, the internet banking has seen an adequate increase in usage. Hard cash at upper levels with larger amounts were replaced with the bank issued cheque.

Recently, the trend has been climbing not only stairs but taking elevator to climb with the availability of credit/debit cards, e-banking, online banking etc. Walking around with huge sum of money has been the safest as you nearly don’t have to carry them literally as online banking takes care of it. You feel safer, more secured and mostly free from hassle of carrying the cash everywhere around.

Though the bank is to take all the credits regarding the introduction of online banking in Nepal, it actually was “Fonepay” by F1 Soft International which gave new dimension to the whole online payment gateway game in early 2000s. It provided not only the SMS banking feature, but people could also receive remittance through mobile phones. It was then followed by “HelloPaisa” founded in year 2009 to help bank clients pay bills, send/receive money within Nepal, receive money from abroad, and purchasing airtime from mobile phones of through merchants.

The growing trend for the payment gateway soon knocked on Nepal’s door asking for the advancement in the technology, it was then F1 Soft International introduced eSewa to Nepali economy. With eSewa, customers were not bound with the barrier of having a particular bank to benefit from the usage. It soon became the most talked thing in Nepali market and still is kicking hard. With eSewa, gone were those days when you actually needed to be in huge queue to pay your bills, with offices being all over which was seriously a pain. eSewa enabled the users to pay utility bills right from their finger tips all at one place. It has partnered with many banks here in Nepal and has many numbers if registered vendors all over which makes the task on step further in terms of ease.

Other similar digital wallet service providers like Khalti has not been far behind eSewa in terms of functionality and providing services. Khalti meaning “pocket” in English acts as its name suggests, you just need to load it up and can spend from the pocket later on. Khalti has been providing merchant payment, fund transfer, utility payment etc. to its happy customers. Utilizing the benefits of banking has not been this easy and fun as service providers like eSewa and Khalti has been providing.

How Online Payment System works?

eSewa vs Khalti - Online Payment System

Online payment is a process of transaction of money electronically or with involving the actual money. This is generally made with the help of internet service. The buying and selling of goods are known as trade and the exchange of money for trade is known as transaction. The transaction part in the trade is done electronically using the online payment services. They generally take place between the customer and merchant bank with the involvement of third party service provider known as payment gateway.

For the online payment to happen, the merchant and customers have to have an account for the online payment. The steps involving the online payment is as follows:

  1. Customer submits the payment information to the merchant about the amount to be paid.
  2. The merchant then submits the payment information to the online payment gateway.
  3. The online payment gateway submits the payment information to the payment processor.
  4. The payment processor authorizes the payment and responds to the payment gateway.
  5. The gateway responds back to the merchant.
  6. The merchant responds to the customer.

Also Read: Nepal Idol vs The Voice of Nepal | Singing Reality Television Show In Nepal

If this wasn’t good enough, lets take an example of David. David is a smart guy with knowledge of the online payment system, he heads to a store in his locality stating “online payment received”. He enters the store, buys his stuffs and heads to the counter for making payment. The merchant gives him the number $$$ to be paid. David makes his payment through the service provider received by the merchant. Merchant hands him the bill and he’s going home after that. It feels like this is hell lot of easy task but the mechanism involved is tricky. The payment David made, was either from his mobile wallet or bank. David requests the payment money, through say bank to the merchant bank. He provides the payment information to the merchant, merchant provides the same information to the payment gateway which was the moderator of this process. The payment gateway provides the information to the payment processor, in this case merchant bank. The payment processor verifies the information and the information flows back the sae line to the customer. But this process isn’t slow, it is fast enough that the customer doesn’t have to stay there waiting for the payment to be approved. Hence, the payment is successfully made without any hassle of keeping the actual hard cash with you. Merchant should follow the security requirements for the safe transaction. The transfer needs to be done over the secure encrypted connection.

Online Payment System Provider in Nepal

Online payment has been a hot trend in the Nepali market given its ease of access and hassle-free processing of payments. There are few we would discuss and hope for more and more service providers to emerge making payment system more efficient and easier. Two of such payment system providers are eSewa and Khalti.

eSewa

eSewa vs khalti - eSewa Digital Wallet

eSewa is the very first payment gateway of Nepal, developed by F1 Soft International in Nepal. It was developed in 2009 and gained popularity recently with the increasing trend of use of online payment system worldwide. It was started for providing online payment services through a mobile application and web services. eSewa has provided services like utility bill payment (electricity bill, drinking water bill, telephone bills, etc), mobile top-up (mobile recharge), internet bill payment, EMI payment, movies, airlines and bus ticket booking, school fees payment, credit card bills payment, etc.

F1 Soft International is one of the most renowned mobile application developer company for banks in Nepal. Most of the banking application that are used by the customers for their respective banks is developed by the F1 Soft company. More than 90% of the financial institutions of Nepal have implemented services provided by F1 Soft company which includes SMS banking, Mobile banking and internet banking.

eSewa is licensed by Nepal Rastra Bank (NRB) as a legal payment service provider. Hence, it is one of the most trusted payment service providers by the customers as well. Merchants, service providers, and retail outlets can receive payments for goods and services in their wallet instantly with the use of eSewa as payment means.

Services Offered by eSewa

Following is the service it provides to the users:

  1. Fund transfer: With this service provided by eSewa, send and receive money to and from other eSewa users.
  2. School Fee Payment: eSewa has partnered with a few schools and Montessori which accept the payment through eSewa providing the ease of paying from home.
  3. Buying cinema tickets: You can buy movie tickets for major Multiplexes online via eSewa.
  4. Buying plane tickets: Option for buying tickets through partnered airlines company gives you accessibility of booking tickets from home.
  5. Utility bill payment: Many government offices like NEA and Khanepani has been providing ease to pay the utility bills from home.
  6. Recharge, Top-ups and cash back: it has been providing online recharge and top-ups for NTC, Ncell and smart cell, DishHome, ISP payments, and others with cash back offered in some transactions as a treat for using the services.
  7. Send/Receive Remittance: it has collaborated with Western Union as exclusive digital remittance partner proving as a platform for sending and receiving the remittance.
  8. Credit card payment: e-Sewa accepts credit card payments for banks like Nabil Bank, Global IME Bank, NMB Bank, Prabhu Bank, Laxmi Bank, Citizens Bank, NIC Asia Bank etc.
  9. eSewa Partner banks:
Ace Development Bank Limited Bank of Kathmandu Lumbini Citizens Bank International Everest Bank
Excel Development Bank Gandaki development Bank Garima Bikas Bank Global IME Bank
Gurkhas Finance Janata Bank Jyoti Bikas Bank Kailash Bikas Bank
Kamana Bikas Bank Kanchan Development Bank Kumari Bank Laxmi Bank
Machhapuchchhre Bank Mahalaxmi Bikas Bank Manaslu Bikas Bank Mega Bank Limited
Mission Development Bank Muktinath Bikas Bank Nabil Bank NCC Bank
Nepal Bangladesh Bank NIC Asia OM Development Bank Prabhu Bank
Prime Commercial Bank Purnima Bikas Bank Rastra Banijya Bank Reliable development Bank
Sajha Bikas Bank Sanima Bank Sewa Bikas Bank Shangrila Development Bank
Shine Resunga Development Bank Siddhartha Development Bank Sunrise Bank Tinau Bikas Bank
Tourism Development Bank Tribeni Bikas Bank United Finance Yeti Development Bank

More Banks added in the present context. See All Here: https://blog.esewa.com.np/banks/ 

 Also Read: Richest People of Nepal | The Top 10

  1. Online Purchase: Many online shopping places partnered with eSewa provide you the opportunity of paying through eSewa for the purchases made similar to how we would do with credit or debit card.

Create eSewa Account

  • Visit https://esewa.com.np on the browser of your choice.
  • Click on Register on top right corner.
  • You will encounter a new page, fill in the details.
  • When you enter your mobile number, you will receive a confirmation message and then a message on your phone with OTP.
  • On entering the OTP in the form with strong password, you will receive new message with your MPIN.
  • MPIN is the important code that you will require to enter every time you make a transaction.
  • With recent change in rules, you have to fill a KYC form given in the application itself with your details and get verified.
  • After verification, you can load your eSewa wallet from nearest vendor or your bank and enjoy the services provided by the eSewa.

Khalti

eSewa vs Khalti - Khalti Digital Wallet

Khalti is one stop solution for the payment gateway that provides services including mobile recharge, bill payment, fund transfer and many more. It is operated and owned by Sparrow Pay Pvt. Ltd, with its parent company being Janaki Technology. It was introduced in January 26, 2017. Khalti is not just a digital wallet, it’s an entire payment ecosystem which provides services like scan to pay to person to third party merchants.
Khalti is named after the traditional Nepali word which means “pocket” in English, giving us the clear idea about what the developers intended to do with it. The team has come up with an optimistic faith in taking the Khalti payment system to the global market.

The hard-cash still holds major part of payment system in all over Nepal and digital payments though having already occupied a fair amount place in transaction system all around the world, it is still needs nurturing in Nepal. Many more payment gateway and merchants need to get their feet in the digital payment thing to fully eliminate the hard-cash use in Nepali market.

The advantages of eliminating the hard-cash has positive benefits to the user and the government as any hidden costs will be eliminated, there will be proper bills provided for even smaller transactions, black money can be minimized and many more other benefits are present like hassle free payment system and all.

Services provided by Khalti

Khalti being young and developing payment system in Nepal compared what eSewa has to offer, there are services offered that might not be as competitive but is definitely worth mentioning. No one knows what future holds, but we definitely need to keep trying to achieve what we always dreamed of. This is exactly what Sparrow Pay Pvt. Ltd. thinks of about Khalti. Some of the services provided by Khalti are given below.

  1. Electricity Bill: You can pay your electricity bill right from your mobile, just open Khalti app, select electricity payment, select your counter and enter the customer number. That’s it, you just paid you electricity bill in matters of seconds.
  2. DTH and ISP: You can recharge your DTH connection and pay you ISP bill right from the Khalti app.
  3. Mobile Balance Top-Up: You can recharge your mobile phone with the fund you have in your Khalti wallet, you will also get an attractive cash back on certain transactions.
  4. Movie Ticketing: Buying a movie ticket staying in queue is such an old thing with Khalti app in phone, you can buy a ticket to your favourite movie in number partnered multiplexes.
  5. Airline ticketing: While buying an airline ticket, you don’t have to think twice now, just open the app and buy a ticket for where you want to go.
  6. Water bill: Just like the electricity bill, you can pay water bill of few selected counter in the app.

Khalti Fund Transfer

Khalti provides relish and instant fund transfer through Khalti wallet.

  • Bank to Wallet: you can load your wallet from the partnered banks of Khalti payment system.
  • Wallet to Wallet: Requesting and sending funds from one khalti user to another is fun thing to do. It is very easy and fast also.
  • Wallet to Bank: Suppose you have been sent money to your Khalti wallet and you want it in your Bank account, guess what, you can transfer your wallet funds to your bank account as well.
  • KIOSKS to Wallet: There are ATM like machines over many places where you can load funds from in your wallet.

Khalti Partner Banks

The bank is the most supporting part of the payment system. As many number of banks support your service, the more number of user you can attract to use your system.

Bank Of Kathmandu Civil Bank Everest Bank Limited Garima Bikas Bank
 Global IME Kumari Bank Machhapuchchhre bank Mega Bank
Muktinath Bank NIC Asia NMB Nepal Investment Bank Limited
Prabhu bank Central Finance Deva Bikas Bank Excel Development Bank
Gandaki Bikash Bank Gurkhas Finance Himalayan Bank ICFC bittiya sansthan
Jebil’s Finance Kailash Bikash Bank Kanchan Development Bank Karnali Development Bank
Lalitpur Finance Laxmi Bank Manjushree Finance Nabil Bank
Nepal Bank Nepal Community Dev Bank Om Development Bank Pokhara Finance
Purnima Bikash Bank Reliance Finance Srijana Finance Standard Chartered
Sunrise Bank Century Bank

More Banks added in the present context. See All Here: https://blog.khalti.com/tips/introducing-our-new-service-khalti-bank-direct/

Create Khalti Account

The account for the Khalti can be created via web and mobile app.

Via web

  • Visit Khalti.com on browser of your choice
  • Enter your details like Name, mobile number, email address and a password on the sign up form at the top-right corner of the page
  • Click on ‘Join’
  • You will get a verification code on the mobile number you entered
  • Enter the verification code
  • Once you enter the verification code, click on ‘Verify’
  • Your account will be created

Via app

  • Launch your Khalti app
  • Tap on ‘LET’S GET STARTED’
  • Enter your Name, mobile number, email address and a password on the sign-up form
  • Tap on ‘SIGN UP’
  • You will get a verification code on the mobile number you entered
  • Enter the verification code
  • Once you enter the verification code, click on ‘Verify’
  • Your account will be created

eSewa and Khalti comparison | eSewa vs Khalti

eSewa vs Khalti - Digital Payment System in Nepal

Let’s make a quick comparison between these payment service providers and see what the verdicts have to say.

System eSewa Khalti
Started 2009 2017
Offered by F1 Soft International Sparrow Pay Pvt. Ltd
Services Online payment within Nepal

Utilities Payments

-Electricity Bill

-Internet Bill

-Electricity/Water

-Mobile Top Up

-Credit Card Bill

-School/College Fees

-Entertainment

-Dishhome

-Merchants, service providers and retail outlets can Send/receive payments

Online payment within Nepal

Utilities Payments

-Electricity Bill

-Internet Bill

-Electricity/Water

-Mobile Top Up

-Credit Card Bill

-School/College Fees

-Entertainment

-Dishhome

Application iOS/Android iOS/Android
Registration Free Free
Associate banks 45+ 40+
Security Secure Secure
Global and Nepal Alexa Ranking Global – 48,863

Nepal – 34

(Rank may change)

Global – 283,661

Nepal – 219

(Rank may change)

Refer and Earn No Yes
App Downloads 500,000+ 100,000+
App Rank(finance) #1 #3
Scan and Pay No Yes
Licensed by NRB Yes No

Final Verdict

Just by looking at few of the differences, you can see that there are advantages in both the systems. Keeping in mind in usability and convenience, lets see some of the differences.

User Trust

People will always go after the most trusted ones. In terms of user trust, eSewa is ahead of Khalti. Huge market, larget number of merchants and associated banksis what favours eSewa and the fact that it is licensed by NRB.

User Interface

User interface is something that can change the way user will interact with the system. Khalti has minimalistic design and eSewa has recently updated how it looks. Because of heavy UI, khalti occupies more space than eSewa.

Security

Both the eSewa and khalti is secured by 128-bit VeriSign SSL Certificate also Khalti has SSL Certificate.

User Votes

On creating polls, eSewa is the system that is chosen by users.

Now the question arises, which would you prefer? Well, it comes down to the personal preferences. The only meaningful difference is that eSewa is a settled and old but Khalti is new and still developing. Hence, for me, eSewaa works like a charm.

Top 10 Richest Person of Nepal

A strong will, determination and hard work are needed to reach to the success point. Money is known as the indicator of success: to maintain the high class and status in any society of the world. Best entrepreneurs are taken as identical examples and offer comparative fundamental attributes. Through their hard work, strong determination and persistence, there are some Nepalese who fortune changed over time and are entitled the richest people.

These are Top 10 Richest Person of Nepal:

  1. Binod Chaudhary

Top 10 Richest Person of Nepal

Binod Chaudhary is a Nepalese businessman, industrialist and philanthropist and also the first Nepali to be listed on the Forbes list of Billionaire. He has property of the net worth of $ 1.7 billion. He is the current chairman of Chaudhary Group Nepal. Chaudhary Group also known as CG is one of the most famous group in Nepal with nearly 80 companies all over Nepal and the number is increasing. The Wai Wai is one of the most famous noodle in Nepal and different part of India produced by the CG group. He is also found to be involved in the different other companies in and outside the nation.

April 2022 Update (From the information of Wikipedia):
Breaking News: Binod Chaudhary becomes 1349th richest man in the world with 1.7 billion USD net worth…
Last time he was in 1563rd position with 1.5 billion USD.
#BinodChaudhary

June 2022 Update:
Nepal’s only Billionaire Binod Chaudhary has reached to 1917th position with net worth of $1.5 Billion in the recent Forbes Billionaire Ranking.

  1. Shesh Ghale

Top 10 Richest Person of Nepal

Shesh Ghale is the former President of NRNA (Non-Resident Nepalese Associations), business entrepreneur, founder is considered third richest man in Nepal currently residing in Melbourne city. He is also the CEO of MIT (Melbourne Institute of Technology) along with Jamuna Gurung, a co-founder and Director of the Institute. He was also ranked as the 99th richest person in Australia in the 2015 BRW Rich 200.

2021 Update (From the information of Wikipedia):
Breaking News: Non-Nepali resident Shesh Ghale’s net worth crossed $1 billion and becomes 2nd Nepal born billionaire after Binod Chaudhary. According to the AFR’s report, the couple has a net worth of $1.01 billion, a rise from $876 million last year.

  1. Upendra Mahato

Top 10 Richest Person of Nepal

Upendra Mahato is Nepalese origin businessman, currently living in Russia, where he is the president of the Russia-Nepal Chamber of Commerce and Industry and also the owner of the television factory in Voronezh, Russia. He is the honorary consul General of Nepal in the Republic of Belarus and was the former president of International Coordination Council ( ICC)

He had started his business as the electronic trader and now is estimated net worth is $250million to $1 billion. Currently, he has oil, electronics and real estate based in Russia with a million dollars worth of projects.

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  1. Ajay Sumargi

Top 10 Richest Person of Nepal

Ajay Sumargi, Estimated to worth 20-50 million, Chairman of Muktishree Group of Companies, is also one of the famous entrepreneurs of Nepal and among one of few Billionaire of Nepal. He is also the founding member of the telecommunication Spice Nepal with the brand name Mero Mobile which is now popularly known as Ncell, which started its operation with an investment of two billion.

In 2016, Ajay Sumargi has invested in dozens of business and commercials projects in Nepal which includes Muktishree telecom, a telecommunications company, Muktishree hydro, a hydropower company, Himalayas spring water, Hetauda academy and the national college for higher education (NCHE).

  1. Aditya Jha

Top 10 Richest Person of Nepal

Aditya Jha is among the Nepal’s one of the richest person in Nepal who is a non-resident Nepalese with original birth at Janakpur, Nepal. He is a Canada based entrepreneur, philanthropist and social activist startups with the net worth over $ 100 million. Aditya Jha is a Nepalese Canadian Entrepreneur, and company turnarounds with interests in Canada, India, Thailand and Nepal. He is the owner of Osellus inc, a software firm owner of karma candy, a world famous chocolate manufacturer. His migrated to Canada in 24 years back and joined bell Canada and later became the general manager there.

  1. Jiba Lamichhane

Top 10 Richest Person of Nepal

Jiba Lamichhane, millionaire businessman based in Moscow whose original birth place is Nepal. He is estimated networth more than $100 million He had gone Russia in 1986 for engineering and there he worked as a dealer for Samsung, Sony, and LG. He is currently the Managing Director of TV manufacturing company called Techno Trust makes and delivers Elson Brand LCD TVs for the Russian Market and now is one of the top Nepali people in Russia to successfully trade electronics goods. He also has been working in collaboration with Dr. Upendra Mahato.

Also Read: Nepal Idol vs The Voice of Nepal – Singing Reality Television Show

  1. Pashupati Shumsher Rana

Top 10 Richest Person of Nepal

Pashupati Shumsher Rana,  a politician from Rana Dynasty, was termed as one of the richest people of Nepal during the King rule with the net worth higher than King and still is one of the richest people of Nepal. He is estimated net worth is more than $250million. He is a chairperson of Rashtriya Prajatantra party and in back days used to own Nepal gas Nepal. Nepal Gas is company that is dominating the fuel supply industry in Nepal for many years.

During Panchayat era he served as Minister of Panchayat and Local Development (1986-1988), Ministry of Transport and Tourism (1978-1979) and various other full ministers and state ministers and after that era served as Ministry of Foreign Affairs (Nepal), Ministry of Finance (Nepal), Ministry of Water Resources and Communication (1990-1994), Minister of Water Resources (1995-1997 & 1997-1998).

  1. Balram Chainrai

Top 10 Richest Person of Nepal
Pic: Daily Mail

Balram Chainrai, the son of P.G. Chainrai, a British Gorkha Army, is a businessman related to real estate and electronics. He is of Nepali origin and but migrated to Hongkong with his family since his father was a British Army. Chainrai can speak several languages and is fluent in Cantonese, English and Sindhi. He started his business career quite early in life and is now a leading businessman in Hong Kong. His company manufactures and trades electronics goods, home appliances, toys, distribution of computers and related accessories, and trade finance activities.

  1. Rajendra Khetan

Top 10 Richest Person of Nepal

Considered as one of the most successful businessmen in Nepal with net worth is $100-$500Million, Rajendra  Khetan leads one of the oldest business of Nepal, the Ketan Group. The oldest among three brother,  Khetan currently is also the chairman of Laxmi Bank and Prime Life Insurance. The Khetan group has more than 13 organizations operating currently and has become important economic part all over Nepal.

  1. Jamuna Gurung

Top 10 Richest Person of Nepal

Born in Lamjung, Jamuna Gurung is the 8th richest woman in Australia who is estimated net worth is more than $260Million. She is Co-founder and managing director of Melbourne ITechnology along with her husband Shesh Ghale. Jamuna went to Australia in 1991 for studies and graduated with a Bachelor of Business majoring in Marketing and Management from the Swinburne University of Technology. She came with an intention of completing her studies but ended up being the owner of a huge campus with a combined net worth of $435 Million.

Nepal Idol vs The Voice of Nepal – Singing Reality Television Show

Talent hunt has been the best reality show people tend to enjoy a lot. They have gained their popularity for they have real average people with some serious talent in them. These shows showcase the talent of real person and not the actors. It is treated as a platform to gain name, fame and popularity that can uplift their talent and bring them in front of the world.

Similar shows are of Idols franchise and the voice franchise. These two shows have been famous all around the world. There are different versions of The Voice and the Idols according to the countries that adopt them. The most famous ones are “The Voice U.S.”, “The Voice India”, “The Voice Kids” etc. and “American Idol”, “Indian Idol” etc.

Now that these shows have recognized Nepal as a place where talent can be polished so that they can represent the country, Nepal Idol and The Voice of Nepal has been organized in Nepal as well by those two franchises.

About Nepal Idol and The Voice of Nepal:

Though both being similar kind of talent hunt show, they have differences in their format and how they have the selection done.

Nepal Idol

Nhyoo Barjracharya Kali Prasad Baskota Indira Joshi To Judge Nepal Idol
Pic By: NeoStuffs (Season 1, 2 and 3 Judges)

Nepal idol is a Nepali reality television singing competition that belongs to Idols franchise, created by Simon Fuller and owned by Fremantle Media. Nepal Idol 2017 was the first season of idol franchise in Nepal which was aired on AP1 TV.

There were three judges in the show Nhyoo Bajracharya, Indira Joshi and Kali Prasad Baskota. In the first season, auditions were held at seven cities Nepalgunj, Butwal, Narayangarh, Birgunj, Biratanagar, Pokhara and Kathmandu. Contestant from 16 to 30 years of age are allowed to take part in the audition. The winner of first season was Buddha Lama from Pokhara. There were 93,100,000 votes for the Grand Finale between two days according to the organizer.

2. Nepal Idol Season 2 Winner: Ravi Oad

3. Nepal Idol Season 3 Winner: Sajja Chaulagain

4. Nepal Idol Season 4 Winner: Bhupendra Thapa Magar

Watch Nepal Idol Season 1 ,2, 3, 4 – Episode 1 Here:

https://www.youtube.com/watch?v=S0jEO1O452g

https://youtu.be/xQ1NnhnIlGs

https://youtu.be/uxwxmX_junI

The show (Season 1) was hosted by television actor and model Sushil Nepal and actresses, model, VJ and television journalist Reema Bishwokarma. In the second season, Sushil was replaced by Aasif Shah, television producer, music video and TVC director, singer and actor.

Season 1 Detail:

Genre Reality Television
Created by Simon Fuller
Based on Idol TV Series
Written by Suresh Paudel
Directed by Laxman Paudyal (2017), Suresh Paudel, Lokesh Bajracharya, Aleen Shrestha (2018)
Presented by Aasif Shrestha, Reema Bishwokarma, Sushil Nepal
Judges Nhyoo Bajracharya, Kali Prasad Baskota, Indira Joshi
Narrated by Suresh Paudel
Theme Music Composer Julian Gingell, Barry Stone, Cathy Dennis
Country of origin Nepal
Producer Laxmi Prasad Paudyal
Cinematography Shivaram Shrestha
Running time 60 min+
Production company Annapurna Media Network, Fremantlemedia, 19 entertainment
Distributor FremantleMedia
Broadcaster AP1 TV

The Voice of Nepal

Abhaya Subba Sanup Paudel Deep Shrestha Pramod Kharel As Coach In The Voice of Nepal
Pic: WAVE (Season 1 Judges)

The Voice of Nepal is the Nepalese format to the bestselling TV singing reality series called “The Voice”. The audition for the show (Season 1) was taken through The Voice of Nepal App on iOS and Android. Total of 12,000 clips were submitted within 30 days even from NRNs from Japan, Australia, Dubai and India for the first Season.

The coaches were Deep Shrestha, Sanup Paudel, Abhaya Subba and Pramod Kharel for the first Season and the series was directed by Mr. Laxman Paudyal who is also the director of another hit Nepali singing reality show Nepal Idol season one.  The first episode of Season 1’s broadcast was done on Kantipur and Ramailo HD on August 25 2018. Simultaneously it was also released on YouTube channel The Voice of Nepal. The show was hosted by Sushil Nepal.

The Voice of Nepal Winners All:

1. The Voice of Nepal Season 1 Winner: CD Vijaya Adhikari

2. The Voice of Nepal Season 2 Winner: Ram Limbu

3.  The Voice of Nepal Season 3 Winner: Kiran Gajmer

Season 1 Detail:

Genre Reality Television
Created by John De Mol
Based on The Voice Series
Directed By Laxman Paudyal
Presented by Sushil Nepal
Judges Deep Shrestha, Sanup Paudel, Abhaya Subba, Pramod Kharel
Country of origin Nepal
Executive Producers Pralhad singh Mahat, Sushil Nepal
Producer Jeevan Acharya
Editors Anup Paudel, Sudeep Shrestha
Running Time 50 min +
Broadcaster Kantipur Television

Watch The Voice of Nepal Season 1, 2, 3 – Episode 1 (Blind Audition) Here:

https://www.youtube.com/watch?v=dQPHujGI2IY

https://youtu.be/SJhA8qhTttU

https://youtu.be/3TTYXhqbw3A

Nepal Idol vs The Voice of Nepal

Both of these shows are concentrated towards bringing forward the talent Nepalese people have within themselves by giving them a proper platform and recognition. There are tiny bits of differences regarding the format else, they both are just same thing. Let’s discuss some similarities first.

Similarities between Nepal Idol and The Voice of Nepal:

  • Singing Reality Show

Both of these shows are singing reality show. Candidates bring their talent upon the stage and display it to the judges. Judges bound between some technicalities, takes decision about bring them forward or not based the same technicalities.

  • First Big Franchise in Nepal

Both of them are the first of their kind to have chosen Nepal to start a new series here. These series are well renowned all over the world and to have it in Nepal is just awesome.

  • Recognition to Talent

These shows provide recognition to the talents from different parts of Nepal who just couldn’t afford to expose themselves.

  • Platform to excel

This is a perfect platform to excel. If you have some talent of singing in you, you can apply on these shows and try your luck. If your talent is serious enough, you will surely shine bright through these platforms.

  • Voting

Both shows have winners chosen by the audience of Nepal. The audience seem to elect the most deserving on the winner.

  • Elimination

The contestant getting lowest vote has to depart from the show and the show marches forward towards the finish line with one winner.

Differences between Nepal Idol and The Voice of Nepal:

  • Audition

The audition process for the shows are different. The audition for Nepal is straight forward where judges interacts with the singers first and hear to just their voice, no music added. Whereas on The Voice, there is a blind audition where judges are only allowed to see the contestant when they are willing to take that singer in their team just by hearing.

  • Coaches Over Judges

Each of the judges are a coach for their team in The Voice, they train their team and prepare them for show format like Knockout, Battles, Live shows etc. On Nepal Idol, the judges are there to pick the singers qualities in singing and how they can clarify them more so they can emerge as a great singer.

  • Prize (May vary with Different Season and Business Plan)

Season 1: The winner of The Voice of Nepal Season 1 got cash prize of Rs. 25 lakhs, a brand-new car, Rs.20 lakh worth record deal and an opportunity to tour around the world. Whereas last time, the prize money for the Nepal Idol Season 1 winner was Rs. 20 lakhs, a Mahindra KUV 100 car and a record deal worth Rs. 15lakhs.

The Show and New Season are yet to release its episodes to the public and there can be many twists and plots that only producers and directors can decide. So, not having much differences, these shows are spreading the joy of hearing to such soothing voices that would have just let unnoticed if it wasn’t for these shows. The producers of these shows deserve a huge respect for bringing the respect to the Nepalese singers.