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About the company  

Already renowned for its performance, Narayani Finance Limited (NAFIL) is the first financial institution, established by private sector in Chitwan district. NAFIL commenced its operation on 8th March, 1995 (falgun 24, 2051B.S.) under the Finance Company Act 2042 B.S. with the approval of the central Bank "Nepal Rastra Bank" (NRB). Now it comes under the financial institution umbrella Act, "Bank and Financial Institution Act 2063". On the basis of the license date from the NRB, NAFIL is the 4th oldest company established outside Kathmandu valley and comes in the rank of 15th out of 60 finance companies in Nepal. NAFIL has been classified as an "A" class financial institution by Nepal Stock Exchange for the last eight years on the basis of capital investment, profit earned, dividend declaration, number of shareholders, etc. This financial institution has been contributing as a financial intermediary in the economic development of the country without interfering public interests and ensuring handsome return to the shareholders. For the convenience of customers, NAFIL has a contact office in Kathmandu. NAFIL has been the first financial institution in private sector having its own building in Chitwan District.

Nafil had launched its branches at Hakim chowk, Bharatpur from 1st Poush 2065 and branch at Tandi, Ratnanagar from 1st Jestha 2066.

Objective

The objective of NAFIL is to establish Narayani Finance as your first choice among the financial institutions in Chitwan District for safe and high return on deposits, and for getting easy and faster loan as and when required. NAFIL is committed to offer higher interest rate on deposits than other commercial banks and vows to provide sufficient rebate to those who repay their loan in time. NAFIL believes that its success lies in customers’ prosperity. Its major objective is to collect small, scattered capital and mobilize it through different schemes for the economic welfare of the general public.

Share Capital Structure

Authorized capital :    Rs. 350,000,000/-           (350 million)

Issued capital :            Rs. 250,000,000/-           (250 million)

No. of Shareholders :  1250    (Few Numbers can be fluctuated due to share trading).

The paid up capital at the time of preparing this report is Rs. 213,651,700/-. 60% of total share capital is hold by promoters whereas 40% is hold by the general public. The market price of NAFIL is Rs.1,116/- per share as on 2065/03/31.

Organization and Management

 NAFIL is organized as a public limited company under the "Bank and Financial Institution Act 2063", and has more than 1200 shareholders. The promoters of NAFIL are reputed industrialist/business personals most of whom are locals. Contrary to most other finance companies whose managing director comes from promoter group, NAFIL is the only financial institution in Nepal who has appointed managing Director from the public shareholders' group for last 9 years. This has made NAFIL unique and reliable financial institution in the eyes of general public for their banking need in Chitwan. The management of NAFIL is operated by the Board of Directors.

 The current directors of NAFIL are as follows: 

The Promoters of NAFIL are categorized into two groups. Group 'A1' consists of promoters outside Narayangarh and Group 'A2' consists of promoters of Narayangarh.

Promoters of Group 'A1' are as follows: 

Promoters of Group 'A2' are as follows: 

 Currently, NAFIL has employed 17 permanent staffs in total. For security, contract has been done with Chitwan Security. They provide their staffs for 24-hours security service.

Skilled staffs of NAFIL are as follows:

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Send mail to nafil@wlink.com.np with questions or comments about NAFIL.
Last modified: 08/02/09 >>>Designed by: NAFIL Staffs