In 1931, Ram Lal Golchha started the Hansraj Hanuman Mal (now Hansraj and Hulaschand) as his first company in Biratnagar to export jute from Nepal to industries in India.90 years after the establishment of the first business entity, members of the Golchha family now operate over 100 companies that have been playing important roles in the development of industrial and trading activities in Nepal. 

The Golchha Organization is a pioneering industrial group in the country as it is credited for establishing the Biratnagar Jute Mill in 1937, the first factory of Nepal. Ram Lal received advice and support from an Indian jute mill owner Radha Krishna Chamodia to start the mill which inspired other business families to set up industries. His sons Hansraj and Hulaschand took the Golchha Organization to new heights by expanding its business portfolio in various sectors. Golchha Organisation is regarded as the first group in the country to start overseas exports of Nepali products. In 1981, Hulas Steel Industries was jointly established as a Greenfield venture by Golchha Organization and Comcraft of Switzerland.  The group in 1988 commenced Him Electronics to produce and supply electrical utilities. Another major business entity of Golchha Organization was started in 1998 as Hansraj Hulaschand and Company (HH Bajaj) to introduce the popular two-wheeler brand Bajaj in Nepal. HH Bajaj which is among the largest trading companies in Nepal is credited for starting a new wave of two-wheeler enthusiasm in the Nepali market by introducing Bajaj Pulsar motorbikes. The Golchha family business in the recent years has gone into restructuring with members of the family operating separately.