Hem Raj Dhakal

Co-Founder and Managing Director of the IME Group

Mr. Dhakal is a first generation serial entrepreneur of Nepal. He co-founded the IME Conglomerate along with his brother, Mr. Chandra Prasad Dhakal and played a pivotal role in institutionalizing the remittance business in Nepal. He had the vision to globalize the remittance services and expand the business in South Asia. This was in order to help the millions of migrants in the Middle East and Malaysia to send remittances home in the most efficient and cost effective way. This mechanism changed the dynamics of remittances in South Asia in general and Nepal in particular, where historically, it has been difficult to give financial access to all its citizens especially in areas outside the main cities. The widespread presence of IME payout locations has served the community as a whole by creating a much wider access network.

Mr. Dhakal is bestowed with an exhilarating sense of business acumen and have been the focal point in driving the scrupulous growth to IME Group of Companies. His strong leadership, extensive experience in numerous associations, dynamism and humble nature has contributed to the achievement of the group. Today, IME Conglomerate consists of a number of companies with business interests in banking, remittance, digital finance, trading, IT, communications, energy, tourism, automobiles, insurance and infotainment and together has generated more than 13,850 jobs (including more than 3,850 direct and 10,000 indirect jobs). Mr. Dhakal lived in Malaysia for more than 15 years and established money service institutions in Malaysia, the UK, the USA and Japan. He took the IME Conglomerate to the global marketplace and successfully completed the merger & acquisition of a few companies that are listed in the NASDAQ Fortune 500 Companies. He is also the Director of Unidos Co. Ltd. DBA Kyodai Remittance which is the first remittance company in Japan providing the service to the foreign communities especially in Asia and Latin America.

It was Mr. Dhakal’s vision that contributed to evolving the family business into a corporate one where his team members now align with the group’s slogan Pioneering Spirit, the driving force of the team. His vision is to empower the youth by creating opportunities for them and making them the owners of the group. His team members not only work for the company, but also own it. The IME Conglomerate is promoting social entrepreneurship and has already announced startup funds to explore the business potential of Nepal and create opportunities for youth. In 2009, he co-founded the IME Foundation that conducts philanthropic activities. The IME Foundation has been building schools and it also has a tie up with the Nepal Children’s Organization “Bal Mandir” to provide full-fledged scholarships to Orphan children, many of whom have been granted scholarships and have been enrolled in schools through the IME Foundation.

Mr. Dhakal was born on 24 November 1975 in Baglung, a district in the western part of Nepal. He completed his school education in Baglung and moved to Kathmandu for his higher studies. Equipped with Masters in Business Studies from Tribhuvan University, Nepal and Entrepreneurial Master’s Program (EMP) from Massachusetts Institute of Technology (MIT), USA, Mr. Dhakal also attended the London Business School (LBS) Growth Forum, UK and completed Owner/President Management Program (OPM) from Harvard Business School, USA. He is the President of Nepal Malaysia Chamber of Commerce and Industry, Member of the National Council, Confederation of Nepalese Industries (CNI) and Executive Committee Member of Nepal India Chamber of Commerce and Industry (NICCI). Mr. Dhakal has had the award of Suprabal Janasewashree (Third) conferred on him by the Government of Nepal for his outstanding contribution to the Nation’s pride and benefit of the Nepali citizens.

He is married to Anjali Aryal and has two daughters, Nimisha and Shaivee. He loves to read novels, scholarly articles and is a good tennis player.