Our Team
Board of Directors Represntation
Mr Baburam Thapa
Chairman
Mr Baburam Thapa
Chairman
Mr. Baburam Thapa is a very seasoned and visionary entrepreneur and businessman with extensive experience across hydropower, microfinance, and real estate acquisition, development, and disposition. A strong proponent of financial inclusion, Mr. Thapa played a pivotal role in the establishment of Aviyan Microfinance Limited, headquartered in Panauti, Kavrepalanchowk, and has served as Chairman of its Board of Directors since its inception. Deeply committed to social justice and financial empowerment, Mr. Thapa has actively championed these causes since his college days.
Currently, Mr. Thapa holds board positions at several companies, including Aviyan Laghubitta Bittiya Santha Ltd., Aviyan Investment Group of Nepal Ltd, Super Madi Hydropower Company and Riverside Hydropower Company among others. Expanding his business interests further, Mr. Thapa is currently engaged in initiatives to establish general insurance and micro-insurance companies, reflecting his continued commitment to broadening access to essential financial services.
Significant Current Engagements:
§ Chairperson, Aviyan Laghubitta Bittiya Santha Limited
§ Chairperson, Aviyan Investment Group of Nepal Limited
§ Director, Supermadi Hydropower Limited (44 MW)
§ Chairperson, Alampu Jalabidhyut Bikas Company Pvt. Ltd (10 MW)
§ Chairperson, Bigu Hydro Venture Pvt. Ltd. (3 MW)
§ Chairperson, Aviyan Power Company Pvt. (80 MW)
§ Chairperson, Aviyan Hydropower Pvt. Limited (16.69 MW)
§ Director, Riverside Hydro Energy Pvt. Ltd. (46.90 MW)
§ Director, Tamor Energy Pvt. Ltd. (285 MW)
§ Director, Palung Khola hydropower Limited (21 MW)
§ Director, Multiply Capital Management Ltd. (Private Equity and Venture Capital)
Note: Mr. Baburam Thapa and Mr Mahendra Shrestha leads most of the lead and associated companies under Aviyan Group. There are other expert and experienced directors leading other individual companies.
Advisory Team
Mr. Keshav Acharya
Senior Advisor
Mr. Keshav Acharya
Senior Advisor
Mr. Keshav Acharya is a highly regarded economist with over 30 years of experience in Nepal's financial sector, notably at Nepal Rastra Bank (NRB) and the Ministry of Finance (MoF). He has made significant contributions to achieving Nepal's macroeconomic objectives, serving as Assistant Director to Executive Director at NRB, and also holding key advisory roles, including Senior Economic Advisor to MoF and Senior Advisor to the IMF’s South-East Asian Voting Group. His leadership extended to board positions at prominent institutions such as the Agriculture Development Bank of Nepal and the Nepal Stock Exchange. Since 2016, Mr. Acharya has been the Senior Programme Advisor at the Economic Policy Incubator (EPI), where he supports evidence-based economic policymaking. In addition, he chairs several organizations and is actively involved in the Confederation of Nepalese Industries and Nepal Economic Association. Mr. Acharya holds advanced degrees in Financial Studies and Economics from prestigious universities and has authored notable publications on Nepal’s economy across various sectors.
Significant current engagements:
§ Chairperson, National Microfinance Limited
§ Chairperson, Multiply Capital Management Limited
§ Chairperson, Aviyan Capital Management Pvt. Ltd.
§ Senior Programme Advisor, Economic Policy Incubator
§ Member- Advisory Board, Confederation of Nepalese Industries
Mr Mahendra Shrestha
Director
Mr Mahendra Shrestha
Director
• Over 30 years of experience in investment banking, private equity, and a broad range of financial services and advisory roles.
Extensive international experience in:
• Principal and alternative investments
• Mergers and acquisitions
• Debt financing and project finance
• Joint ventures and asset divestments
• Distressed debt and asset acquisition, management, restructuring, and recovery
• Real estate and business enterprise valuation
Held senior management positions in leading multinational investment banks and private equity firms for 24 years in Southeast Asia, including:
• CAS Capital/Apollo Global Management LLC
• Standard Chartered
• Nomura Securities
• Lehman Brothers
• American Appraisal
Significant current engagements:
§ Director, Aviyan Investment Group of Nepal Limited
§ Director, Aviyan Hydropower Pvt. Limited (16.69 MW)
§ Director, Aviyan Capital Management Pvt. Ltd.
§ Director, Multiply Capital Management Ltd. (Private Equity and Venture Capital)
§ Chief Financial Officer & Co-founder, Infinity Ventures Inc., USA.
Er. Rameshwar Pd. Kalwar
Technical Advisor
Er. Rameshwar Pd. Kalwar
Technical Advisor
Er. Rameshwar Prasad Kalwar is a seasoned professional in the power sector with over 33 years of experience in generation, transmission, distribution, and project development at Nepal Electricity Authority (NEA). Beginning his career as an Engineer at NEA, he rose through various positions to retire as Director and was subsequently appointed by the Government of Nepal as a member of the Electricity Regulatory Commission of Nepal. Mr. Kalwar is a licensed Engineer with the Nepal Engineering Council, a licensed Advocate with the Nepal Bar Council, and a Fellow Member of the Institute of Engineers (India). He is also an experienced Arbitrator and Adjudicator, listed with NEPCA and Patan High Court. Over the years, he has contributed to various trainings and seminars on power, mediation, arbitration, and engineering. Notably, he was recognized with the "Dirgha Sewa Kadar Patra" by NEA for his 25+ years of service and received a letter of appreciation for his excellent management of electrical supply during the 18th SAARC Summit in 2014.
Significant current engagements:
§ Director, Aviyan Capital Management Pvt. Ltd.
Mr. Mukunda Mahat
Financial Advisor
Mr. Mukunda Mahat
Financial Advisor
Mr. Mukunda Mahat has over 30 years of distinguished service at Nepal Rastra Bank (NRB), the Central Bank of Nepal, and the leading regulatory body for the country’s banking and finance sector. Joining NRB in 1988 as an Assistant in the Research Department, Mr. Mahat advanced through various roles, ultimately retiring in 2018 as Director of the Bank Supervision Department. During his tenure, he also represented NRB on the Board of Grameen Bikas Laghubitta Bittiya Sanstha Limited. Mr. Mahat has participated in numerous global training sessions, seminars, and workshops organized by esteemed institutions such as the BIS, FATF, APGML, and various central banks. He is a qualified Chartered Accountant from the Institute of Chartered Accountants of India and a Fellow Member of the Institute of Chartered Accountants of Nepal. In addition to holding a Certificate of Practice (COP), he is a partner at K.M.U. & Associates, Chartered Accountants, and has served as an Independent Director on the Board of Machhapuchchhre Bank.
Significant current engagements:
§ Director, Machhapuchchre Bank Ltd
§ Director, Aviyan Capital Management Pvt. Ltd.
§ Managing Partner, K.M.U. & Associates, Chartered Accountants
Management Team
Er. Niroj Poudel
Chief Executive Officer
Er. Niroj Poudel
Chief Executive Officer
Mr. Niroj Poudel is a seasoned Civil and Environmental Engineer having extensive experience of 18 years in construction and energy sector (mainly hydropower sector). He has contributed to various hydropower projects such as Lower Apsuwa hydropower project, Upper Balephi, Upper Mugu Karnali, Middle Mewa Hydropower Projects, Upper Trishuli and Upper Tamakoshi (Largest Power Project of Nepal).
He has a great management, communication and leadership skills to manage human resources, organization and key stakeholders of the company and group as a whole.
He holds master’s degree in civil and environmental engineering from Seoul National University, South Korea.
Mr. Chaturman Mahato
Manager-Finance and Administration:
Mr. Chaturman Mahato
Manager-Finance and Administration:
Mr. Chaturman Mahato is a seasoned finance professional with over 15 years of extensive experience in finance and administration. His career spans multiple sectors, including healthcare, child welfare, wildlife and forest conservation, and corporate enterprises, where he has worked with prominent national and international NGOs (INGOs) and corporate entities. Known for his dedication to organizational excellence and impactful initiatives, Mr. Mahato holds a Master of Business Studies (MBS) from Tribhuvan University, reinforcing his strong academic and professional expertise.
Er. Bhuwan Pandey
Senior Civil Engineer
Er. Bhuwan Pandey
Senior Civil Engineer
Mr. Bhuwan Pandey is a Civil and Hydropower Engineer with over eight years of specialized experience in hydropower development, including project design and construction. He has held various key positions at Sanima Hydro and Engineering Pvt. Ltd., where he played a significant role in several major projects.
Notably, Mr. Pandey served as Senior Engineer and lead in-charge for powerhouse and headworks construction in the successful commissioning of the 73 MW Middle Tamor Hydropower Project.
He holds a bachelor’s degree in engineering with a specialization in Hydropower from Kathmandu University.
Er. Subas Shrestha
Site In charge
Er. Subas Shrestha
Site In charge
Mr. Subash Shrestha is a dedicated Civil Engineer with over eight years of experience in the hydropower sector. He has contributed to several prominent projects and organizations, including Tundi Power Company, CE Construction, Ankhu Khola Jalbidhyut Company, and the Budhigandaki Hydropower Project—Nepal's largest hydropower initiative currently under development.
Mr. Shrestha brings a strong technical foundation and hands-on expertise in both construction and project management within the energy infrastructure domain. He has undergone extensive training in AutoCAD, structural analysis software, as well as accessibility and universal design, enabling him to integrate modern, inclusive design standards into complex engineering solutions.
He holds a bachelor’s degree in engineering with a specialization in civil engineering from Purwanchal University.
CA Sagar Budhathoki
CA
Mr. Sagar Budhathoki is a highly qualified Chartered Accountant, accredited by the Institute of Chartered Accountants of India, with over eight years of comprehensive experience in finance. He has accumulated two years of post-qualification experience as a Chartered Accountant, specializing in accounting, finance, taxation, and legal matters.
Mr. Budhathoki holds a Master of Commerce (M. Com) degree with a specialization in Finance & Taxation from Indira Gandhi National Open University, India, and a Bachelor of Business Studies (BBS) degree from Tribhuvan University, Nepal. Currently, he is furthering his academic qualifications by pursuing a Master of Arts in Economics and a Bachelor of Laws (L.L.B.) at Tribhuvan University.
With a robust foundation in both theoretical and practical aspects of finance and taxation, Mr. Budhathoki continues to build on his expertise and is dedicated to advancing his knowledge in the fields of economics and law.
Note: Aviyan Capital Management Pvt. Ltd. Manages and oversees overall administration and management of the group companies as a result we are able to achieve significant savings in operational costs.