In the 50's the founder Mr. N.B. Shrestha planted the seeds of NB Group starting the trade with Tibet. In those days, rice wheat, spices and sugar were exported from Nepal while salt, sheep and wool were imported from Tibet. Such kind of trade was expanded gradually with the export of medicinal herbs and Nepalese handicrafts to Japan and Hong Kong. Trading was further expanded with Bangladesh with the export of railway sleepers and red lentil seeds, between the years 1978-1983.

During the 80's NB Group was exposed to the national arena while supplying fertilizers to AIC through tenders. During the 80's NB Group stepped into the representation and liasion business by representing various foreign firms. The 80's also brought NB Group to the industrial sector when it established saw mills, cold storage and a brick factory.

The 90's introduced NB Group as a prominent business house when it acquired Harisiddhi Brick and Tiles Factory under the First phase of privatisation program of HMG Nepal through competitive bidding. Harisiddhi Brick & Tiles Factory belongs to the bigger scale industries in Nepal. NB Group also entered into the textile industry when it participated in the takeover of Balaju Textile Industry Limited along with other promoters.

Thereafter, the Group under its strategic Development and Investment Programme, focused primarily on the financial sector, which in Nepal's context has many opportunities for growth and development. The strategies adopted by its young and energetic management foresaw the potential in trade and commerce with the promulgation of the open economy by HMG/Nepal.

With the emerging economies and cohabitation of SAARC countries within the region, NB Group had the vision to foresee the unison of all industries culminating into the financial sector.

Armed with such foresight and a dedicated management, the Group made their first presence in the Financial sector with the inception of Nepal Bangladesh Bank Ltd. the first joint venture commercial bank with neighbouring Bangladesh in collaboration with the IFIC Bank of Bangladesh. Continuing to make major strides in the financial sector the Group was successful in promoting the first joint venture Merchant Bank in Nepal, the Nepal Sri Lanka Merchant Bank Ltd. This venture is in collaboration with the Merchant Bank of Sri Lanka Ltd., the pioneer and the largest Merchant Bank in Sri Lanka.

Going from strength to strength and committed to the development of the Kingdom's economy, the Group formed its next alliance with the 60 year old premier national commercial bank of Sri Lanka, the Bank of Ceylon which culminated in the incorporation of Nepal Trade & Commerce Bank Ltd.

With investments in well diversified industries and employing a work force of approximately 2000, NB Group today stands as one of the foremost business houses in Nepal.