11 Years of Experience since September 2013


Billion Rupees of Assets under Advisement/ Management


Compounding Returns Generated since Inception



About us

iCapital started its journey in 2013 with an aim of mobilizing private funds in stock market and SMEs. We, at iCapital, are committed to generating compounding returns for our valued clients through assets management and advisory services. We are passionate on generating high returns through “value investing” philosophy. The company is geared towards using the well designed and disciplined investment management tools and techniques to optimize the portfolio returns of our clients. Ethics and transparent communication is at the forefront in all the decision and actions of iCapital Team.


To become the pioneer asset management & advisory company in Nepal with NPR 5 billion in assets under management and advisement combined by 2025.


  • To create and manage a portfolio of funds and achieve at least 15% compounding return on investment.
  • To serve our individual and institutional clients by providing or executing investment strategies through a shared commitment to our value based investment philosophy, long-term perspective, disciplined approach and delivering lasting value.




Be focused on your mission


Build aspirations


Do not talk the talk, walk the talk


Create team for growth, I can't team can


Be honest with yourself, your work and your nation


We offer investment advisory services based on Value Investment Philosophy

Assets under Advisement

iCapital’s strength lies in stock market and real estate investments. We provide extensive research information to our clients in helping them make their investment decisions.

Assets under Management

We invest in businesses that contribute to change the industry it is in. One of iCapital’s goals is to invest in businesses that contribute to the growth of the nation. We have found great businesses to invest in which serve diverse industries such as health, education, fintech, food & beverage, trading and hydropower.

Team iCapital

Ajay Shrestha


A Master’s Graduate in Management (Topper) with a specialization in Finance from Kathmandu University is a Founder/CMD at iCapital. He has 16 years of experience in national and international financial markets and his core expertise lies in the stock market. He is a serial entrepreneur and has also founded SB Textiles, Growmax Investment, Source Code, Kaffeine Foods, Capital Market Technologies, Nepali Paisa, and Alpha Capital. He is also a chairman at Attic Group and Director at Coca-Cola Beverages Nepal.

Shishir Gyawali

Investment Manager - Real Estate

He leads Real Estate division at iCapital as Investment Manager. Prior to joining iCapital, he was a Chairman and Managing Director at Kantipur Logistics, a smart cargo imports and shipping service provider which he ran for 5 years (before it was acquired) before shifting to Real Estate investments. Shishir is also Co-Founder and digital marketing strategist at Exponent Marketing, a modern-day media and communications, full-service advertising agency. He has completed MBA in Entrepreneurship from Westcliff University and Masters in Anthropology from Tribhuwan University.

Ritu Palikhel

Accounts Head

She has been working in iCapital since 2017 and manages Accounts & Finance. She is a semi-qualified Chartered Accountant from the Institute of Chartered Accountant of India and has completed 3.5 years of articleship in New-Delhi, India. She has completed her MBA with a major in Finance, from Sikkim Manipal University, India and B.Com, with a major in Accounts & Finance from Indira Gandhi Open University, New-Delhi, India.

Dimpi Singh

Head Of Research

She began her career at iCapital in 2015, working as a research assistant responsible for data collection, organization and initial screening. She briefly worked as HR assistant coordinating for interviews, contract renewals and staff leaves. She progressed into Investment Analyst (Equity) in 2017 and is responsible for monitoring macroeconomic trends & market developments, researching companies & recommending for investment. She graduated from Tribhuvan University in 2018 with a Master’s in Business Studies.

Supriya Gurung

Senior HR Officer

She joined iCapital in 2015 as an Admin cum Research Associate and had later been promoted to HR cum Research Associate. Before joining iCapital she was working at NCELL (P). Ltd. where she dealt with documents and data of the clients. She has successfully completed her Banking Training Course on “General Banking” from a renowned Institute. She has completed her Bachelor in Commerce from Premier International College.

Sumit Man Singh Baniya

Investment Head - Ventures

Sumit Man Singh Baniya joined iCapital as an Associate Investment Analyst in October 2019. He is a member of Association of Chartered Certified Accountants (ACCA), UK. Prior to joining iCapital, he worked as a financial analyst for 2.5 years and accounts in charge for 1 year in a management consulting and financial advisory company. Currently, he is involved in various research and analysis projects related to Nepalese financial and economic sector.

Ankit Shekhar Adhikari

Portfolio Head

Ankit Shekhar Adhikari is an MBA graduate from CG Institute of Management. He has been involved in Nepalese Equity Markets since 2015. His interests lie in equity research of companies in national and international capital markets. He joined iCapital in 2022 and is working as Investment Analyst (Equity). At iCapital, he is involved in research and analysis of companies, capital market regulations and other investment avenues.

Rupa Rai

Associate Research Analyst

Rupa Rai is an Associate Research Analyst at iCapital. She has completed her Master in Business Studies in Finance from Tribhuvan University. She has 14 months of experience in banking. She joined iCapital in 2020, assisting in admin and operation as well as research works of the company.

Subodh khanal

Associate Research Analyst

Subodh Khanal joined iCapital in May 2023 as an Associate Research Analyst and is passionate about domestic and international capital markets. He holds an MBA-F from the Central Department of Management, Tribhuvan University. He has been actively involved in capital markets, developing a keen interest in financial analysis and investment.

Projjwal Kafle

Associate Research Analyst

Projjwal Kafle joined iCapital in May 2023 as an Associate Research Analyst. His career as an Audit Assistant at K.P.N & Associates began in 2017. He was employed with Garima Capital Limited as an Operation & Investment Analyst. Since 2022, he has mentored PCPS College students on the Nepalese capital market.

Nabin Shiwakoti

Associate Investment Analyst - Ventures

Nabin Shiwakoti is an Associate Investment Analyst - Venture at iCapital. He is in the last trimester of his MBA with a major in Finance from Ace Institute of Management. He has almost 2 years of experience in the logistics industry and operational management of a business. He joined iCapital in 2023. He has been involved in the Nepalese market since 2018 and is currently working on research of venture financially and strategically.

Anubhav Bhattarai

Investment Analyst - Ventures

Anubhav Bhattarai is an Investment Analyst - Ventures at iCapital. He is a Chartered Accountant and an esteemed member of The Institute of Chartered Accountants of Nepal. He has over 4 years of experience in IFRS, audit, finance and tax and has a strong passion for entrepreneurship, strategic problem-solving, and driving growth.

Kiran Lamichhane

Accounts Officer

He joined us in February 2023. He has a Semi-Qualified Chartered Accountant certification from ICAN. His journey began in different auditing firms, where he spent 4.5 years, gaining valuable insights and knowledge. He holds a Bachelor of Business Studies from Tribhuvan University and is currently enrolled in the MA-Economics program at the same institution.

Roshan Adhikari

Real Estate Coordinator

Roshan Adhikari is an RealEstate Co-ordinator in Icapital. He is a civil engineering graduate. He previously worked for a reputable international donor organization as a shelter reconstruction engineer on the Nepal Earthquake Recovery Project (NERP). He has professional experience in Investment Research, Sales & Marketing, and Real estate development.

Abishek Subedi

Portfolio Associate

Abishek Subedi is an MBA finance graduate from Tribhuvan University's School of Management. Since 2016, he has been enhancing his financial management and analysis skills for stock market success. His academic foundation equips him with expertise in finance. He aims to apply his MBA-earned managerial and entrepreneurial skills to make informed investments for a prosperous financial future.

Mausami Sunuwar

Receptionist cum Admin Associate

Mausami Sunuwar has joined I capital as a Receptionist cum Admin Associate since feb 2023. She has completed her Bachelor’s in Business Studies from Tribhuwan University and currently she is pursuing her Master’s in Business Studies degree from same University.


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contact us

Panipokhari, Kathmandu, Nepal


info@icapital.com.np, www.icapital.com.np