Biography of Hem Raj Dhakal: Founder of IME Group, IME Limited & Chandragiri Hills
Biography of Hem Raj Dhakal:
Early Life and Background
Hem Raj Dhakal was born on November 24, 1975, in Baglung, a
district in western Nepal. He completed his school education in his hometown
before moving to Kathmandu for his higher studies. Raised in Nepal, he had the
ambition to make a significant impact on his country’s economy. His journey
from a small district to becoming a successful entrepreneur reflects his
determination and vision for the future.
A Visionary Entrepreneur
Hem Raj Dhakal is a first-generation entrepreneur who
co-founded the IME Group in Nepal. His entrepreneurial journey began when he
saw an opportunity to streamline the remittance process for migrant workers. He
envisioned a way to help millions of migrant workers, especially in the Middle
East and Malaysia, send remittances back to Nepal in an efficient and
affordable way, which would help improve financial accessibility in Nepal.
Establishing IME Group
In 2001, Dhakal co-founded IME Group, which initially
focused on money transfers. His goal was to globalize remittance services,
particularly for the Nepalese diaspora. The idea of providing easier financial
access to people in remote areas of Nepal was groundbreaking. IME Group’s
success grew, and it later expanded into various sectors such as banking,
insurance, tourism, automobiles, and more.
Expanding Across Borders
Dhakal’s business vision wasn’t confined to Nepal. He spent
over two decades living and working in countries like Japan, Malaysia, the UK,
and the USA. During this time, he established money service institutions in
various countries, including South Korea. This international exposure allowed
him to develop the necessary expertise to expand IME Group’s reach beyond
Nepal’s borders.
Transforming Remittance Services
The remittance business in Nepal had historically been
difficult to manage, with limited financial access outside the major cities.
Dhakal revolutionized the industry by establishing IME as a global brand. The
extensive network of IME payout locations across Nepal allowed migrant workers
to send money home in a faster and more cost-effective manner, making a
significant impact on the country’s economy.
Leadership and Accomplishments
Dhakal’s leadership and business acumen have played a
central role in the growth of IME Group. Over the years, he has transformed IME
from a small company into a conglomerate with several businesses under its
umbrella. His leadership style has been described as dynamic and humble, and he
continues to lead with a focus on the group’s long-term goals.
Educational Background
A firm believer in continuous learning, Hem Raj Dhakal
pursued higher education in prestigious institutions across the globe. He
completed the Owner/President Management Program (OPM) at Harvard Business
School, which helped him sharpen his leadership and management skills.
Additionally, he earned a Master’s in Business Studies from Tribhuvan
University in Nepal and attended the Entrepreneurial Master’s Program at MIT.
Biography of Hem Raj Dhakal: Founder of IME Group, IME Limited & Chandragiri Hills#Entrepreneur#startup#age#net worth#shark tank pakistan#Hem Raj Dhak
Building a Global Business
Dhakal’s international experience and education allowed him
to take IME Group to the global market. One of his key achievements was the
merger and acquisition of several companies that were listed on NASDAQ and in
the Fortune 500. His strategic thinking and global approach helped elevate the
company to new heights.
Empowering the Youth
Dhakal’s vision extends beyond business profits; he is
deeply committed to empowering Nepalese youth. He believes in creating
opportunities for young people to own and manage businesses. IME Group’s
success has helped generate thousands of jobs, both directly and indirectly,
and Dhakal is focused on developing the next generation of leaders who will
drive the company and country forward.
IME Foundation: Giving Back
In 2009, Hem Raj Dhakal co-founded the IME Foundation, which
aims to support the community through charitable initiatives. The foundation
focuses on education and has helped build schools in Nepal. It also provides
scholarships to orphaned children in collaboration with the Nepal Children’s
Organization, enabling them to access quality education and a brighter future.
A Pioneer in Social Entrepreneurship
Through his leadership, IME Group has been a pioneer in
promoting social entrepreneurship. Dhakal believes that businesses should not
only focus on profits but also create social value. IME Group has invested in
various startups, creating opportunities for youth and fostering innovation.
Dhakal’s belief in the power of social entrepreneurship has helped bridge the
gap between business success and social responsibility.
Contributions to Nepal’s Economy
Dhakal’s contributions to Nepal’s economy cannot be
overstated. Through IME Group, he has created thousands of jobs and facilitated
the transfer of billions of dollars in remittances to Nepal. His efforts have
helped improve financial inclusion in rural areas, ensuring that even the most
remote parts of the country have access to basic financial services.
Recognition and Awards
Dhakal’s impact on Nepal’s economy and society has earned
him several accolades. He was awarded the Suprabal Janasewashree (Third) by the
Government of Nepal in recognition of his outstanding contributions to the
nation. His work in the remittance and business sectors continues to inspire
others and set an example for entrepreneurs in Nepal and beyond.
A Legacy of Entrepreneurship
Today, Hem Raj Dhakal’s legacy extends beyond his business
ventures. His work continues to inspire a new generation of entrepreneurs in
Nepal. By institutionalizing the remittance business and creating a diverse
conglomerate, he has laid a foundation for future growth. His focus on
empowering the youth and promoting social entrepreneurship ensures that his
impact will be felt for generations to come.
Timeline for story
1975: Born in Baglung, Nepal.
2001: Co-founded IME Group, focusing on remittance services.
2009: Co-founded the IME Foundation to support education and
community initiatives.
2010s: Expanded IME Group internationally, including
countries like Japan, Malaysia, and South Korea.
2013: Completed the Owner/President Management Program at
Harvard Business School.
2018: Acquired several NASDAQ and Fortune 500 companies.
2020s: Continued leadership of IME Group, focusing on social
entrepreneurship and youth empowerment.
2023: Awarded the Suprabal Janasewashree by the Government
of Nepal.
