The origin of Karmacharya Group of Companies dates back to the early 1940s when late Mr. M.B Karmacharya ventured into Trading Business. He started off with the trading in Tobacco. The tobacco was collected from Janakpur Zone of the Terai belt (Southern Nepal) and distributed all over Kathmandu Valley and adjoining districts. The major buyers were the leading wholesalers and retailers in the Kathmandu Valley.
During the late 1960s, his son Late Mr. C.B. Karmacharya joined the family business. He named his organization as “Karmacharya & Son’s”. He expanded the trading activities to other fields like the Telecommunications Sector, Machinery and Equipment for the small and medium scale industries including general workshops in the public and private sector. In fact, the first cross-bar exchange in Kathmandu was introduced by him with equipments and expertise provided by LM Ericsson, Sweden.
The Nepal Telecommunications Corporation, Department of Cottage & Small Industries, Department of Civil Aviation were the major clientele of the Group. He also established himself as a reputed contractor catering to the needs of both the Army and the Police.
Mr. Bipin Karmacharya, son of Late Mr. C.B. Karmacharya joined the family business during early 1980s. He firmly established himself in the business which grew by leaps and bounds under his captainship. He started a special Defense Division which is exclusively handled by him .
Today, the annual turnover of its trading activities has reached around NRs. 150 million. The organization was renamed as K. & S. Enterprises, by him to exclusively look after the trading business of the Group.