Surya Bahadur KC established KC Construction in 1973, taking inspiration from his father Kirti Bahadur KC who upon his return from India started a construction business and undertook construction contracts for roads in Syangja and Pokhara. The same construction company now specializes in constructing hydropower projects, dams and other commercial constructions. The company is currently undertaking the construction of infrastructures on the premises of Nepal Army Headquarters, Bhadrakali.
Eight years later, after the establishment of KC Construction, KC Group established Himshree Foods, the producer of ‘Rara’ noodles, a popular instant white noodle brand in Nepal, whose popularity hasn’t faded despite strong competition from other noodle brands including Chaudhary Group’s Wai Wai. The food processing company also manufactures brown noodles and snacks.
Starting from 2005, KC Group has made extensive investment in the hydropower sector too. The 4.8 MW Gandaki hydropower project of KC Group came into operation in 2010. The Group has since been strongly focusing on hydropower projects. Other than Gandaki hydropower project, the group currently operates 1 MW Task Hydropower project and 4.5 MW Bhagwati Hydropower project. The undertaking of hydropower projects is a key milestone in the group’s business journey. The group has investment over NRs 2 billion in the 13 MW Sikles hydro project that has already started trial production. In addition, the construction work of Upper Madi whose PPA has already been finalised is scheduled to start soon. The group has projects such as Bijaypur-2, Jhyamulunga and Upper Seti hydro project in the pipeline.
In 1998, KC Group founded Machhapuchchhre Bank, the first commercial bank of Nepal based in the western region of the country. Almost two decades later, the group entered the insurance business in 2017 with Sun Nepal Life Insurance. The group operates a housing project and a golf course in Pokhara and has a strong presence in the education sector too.
- 900 people
- Rs 500 million from hydropower projects
- Rs 2 billion from construction projects
- Plans to reach 100 MW operating capacity by 2020 with Karuwa Hydro (36 MW), Upper Madi (7 MW), Upper Seti (20 MW), Bijaypur-2 (4.5 MW)
- Noodle Factory in Bardiya with an investment over Rs one billion