National Capital Limited (NCL), is a fully SEBON licensed Merchant Banker which offers Portfolio Management Services, Corporate Advisory Services, Underwriting Services, Issue Management, Depository Participant and RTA/ RTS.
NCL is a subsidiary of National Life Insurance Limited (NLICL), Nepal’s oldest private-sector insurance company, established in 1975. NCL was established as a collaboration between NLICL and other investors who have decades of management and board-level experience across Nepali and global financial markets.
NCL is established to deliver high-quality, ethical, and performance-driven investment management and merchant banking services in Nepal, built on the principles of value investing inspired by Warren Buffett and Charlie Munger.
To help individuals, families, and organizations create wealth for financial prosperity.
We uphold the highest standards of ethics and integrity in everything we do; integrity is non-negotiable.
We operate with a long-term mindset, because enduring quality and meaningful outcomes can only be built over time with patience, consistent effort, and discipline.
We embrace the principle of compounding, not just in investing, but in building lasting value across our work and decisions.
We adopt a client-first approach in every decision, believing that prioritizing our clients’ best interests drives sustainable, long-term success for our business.
We are committed to continuous learning and knowledge-building, recognizing that growth and excellence in our profession require constant improvement.
We strive to deliver exceptional outcomes for our stakeholders through disciplined, intelligent, and focused effort.
Meet our Board of Directors, a team of seasoned professionals committed to providing strategic oversight, ensuring regulatory compliance and safeguarding client interests. Each member brings a unique set of skills and expertise to ensure the best outcomes for all stakeholders.
Chairman
Deputy General Manager, National Life Insurance Company Limited
Over 15 years of leadership experience in the life insurance sector
Chartered Accountant (CA), ICAI
MBA, Ace Institute of Management – Pokhara University Gold Medalist
Recipient, Presidential Nepal Bidhya Bhusan Award
Expertise in financial strategy, corporate governance, and risk management
Director
Director
Chartered Accountant (CA), ICAI
MBA, Ace Institute of Management
Former roles at Deloitte, India and TR Upadhya & Co., Nepal
Founder, Khanal Pradhanang Investment Services
Over 10 years’ experience in Audit, Investment Banking, Investment Management, Manufacturing, and Business Strategy
Expertise in business operations, financial oversight, and strategic growth
Director
Member, Association of Chartered Certified Accountants (ACCA)
Over 8 years’ experience in Investment Management, Accounting, Finance, and Auditing
Former roles at Alpha Capital, iCapital Holdings, and Complete Business Solution Pvt. Ltd.
Strong expertise in financial analysis and regulatory compliance
Meet our Management, a seasoned team comprising of CFA Charterholders & candidates, Chartered Accountants, and top business school graduates with decades of investment management and banking experience, dedicated to delivering superior returns and long-term wealth creation for our clients.
Chief Executive Officer (CEO)
Chartered Financial Analyst (CFA), CFA Institute, Virginia
Business Administration Graduate, Kathmandu University
13+ years of combined experience in Investment Banking (J.P. Morgan), Private Equity (True North Associates), Entrepreneurship, and Investment Management (KPIS)
Founder & CEO, Khanal Pradhanang Investment Services
Extensive experience in stock market investing, portfolio advisory/management, and generating superior returns
Head of Investments
Chartered Financial Analyst (CFA), CFA Institute, Virginia
Business Administration Graduate, Pune University
10+ years of experience across Credit Rating, Investment Banking, and Investment Management
Professional experience in India at CRISIL, Nliten Consulting & Contracting LLP, and Spark Capital
Key roles in Nepal at One to Watch, Khanal Pradhanang Investment Services, and Muktinath Capital Limited
Strong expertise in business evaluation and strategic investment decision-making
Accounts, Finance and Compliance Officer
Chartered Accountant, The Institute of Chartered Accountants of Nepal (ICAN)
Recipient of the Narendra Vashishtha Gold Medal for academic excellence
Business Studies Undergraduate, Tribhuvan University
Brings strong expertise in financial management and regulatory compliance
Head of Corporate Advisory Division
Master of Finance and Control, School of Management, Tribhuvan University
Bachelors in business administration, Pune University
5+ years in Banking Sector
