Shri Ratanlal Sanghai, the visionary behind the Sanghai Group, started with a humble beginning in early 1970s.Today it is emerging as one of leading industrial and trading houses in the Himalayan Kingdom having diverse business interest ranging from banking, insurance, textiles and Garments and Home furnishings export.In the process of building the company, Shri Ratanlal has gained the invaluable faith of the Nepalese people and is a force to reckon with in the community. Over the past 3 decades the group has grown from strength to strength and consistently strives to fulfill its commitment towards providing quality products and services to the people of Nepal.Established:1970Net Worth:USD 15 MillionHuman Resource:Around 1000 Professional, skilled, semi skilled and unskilled workersGroup Revenue Generation:USD 35 Million (Year 2002-03)Management:Shri Pawan Sanghai - DirectorShri Kamal Agrawal - DirectorShri Nikesh Sanghai - DirectorShri Rohit Sanghai - DirectorShri Prashant Sanghai - DirectorMANUFACTURING UNITS:- Nepo Industries Pvt. Ltd.: Textile and process house engaged in the manufacture and supply of polyester viscose suitings and shirt fabrics for the domestic Nepal market. Also engaged in the export of woven cashmere and silk fabrics to major destinations worldwide.- Sarowar Garments Pvt. Ltd.: Nepal based 100% Export Oriented unit supplying cotton woven and knit garments to several reputed stores in USA. In house washing and softening plant.- Shangrila Exports Pvt. Ltd.: Ahmedabad, India based 100% export oriented unit engaged in the manufacture and supply of home furnishings and Christmas decorative to mass merchant stores in USA and Europe.- Sanghai Plastics Pvt. Ltd.: Was incorporated in September 1979 and is the flagship company of the Sanghai Group. Sanghai Plastics was the first company to introduce multilayer co extruded PE blown films in the Nepalese flexible packaging industry and is the leading supplier of multilayer sheets in Nepal. The company commenced operations with a modest beginning of 300 MT yearly of polyethylene film. Successive capacity additions have increased the installed capacity to 3600 MT yearly. Sanghai Plastic has a well equipped laboratory at its plant site to test film structure for seal characteristics and mechanical properties. In 1997 the company imported a modern plant from Korea to manufacture Polypropylene Multifilament yarn for PP bands. Recently it started manufacturing biodegradable plastic bags for export market.TRADE AND SERVICES:- Azure Technologies Pvt. Ltd.: Ahmedabad, India based 300 seats call center engaged in BPO activities and voice based inbound and outbound calling operations.- Laxmi Bank Ltd.: The group has significant presence in financial sector with substantial stake in the capacity of promoter in the country&＃39;s premier private sector commercial bank and finance company.- Everest Insurance Ltd.: R L Sanghai group has promoted and pioneered a private sector non-life insurance company and it rates among the top three insurance companies in the country.- Narayan Das Shri Niwas: Trading firm engaged in import, marketing and distribution activities.OTHERS:- Himalayan Properties - Real Estate Developers- Liaison offices in all major cities of Nepal- Liaison offices in Delhi, Chennai, Calcutta and MumbaiPROPOSED COMPANY:- Laxmi Life Insurance Ltd. Nepal