9 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 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.

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.

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 15 years of experience in national and international financial markets and his core expertise lies in stock market. He is a serial entrepreneur and has founded SB Textiles, Growmax Investment, Source Code, Kaffeine and Alpha Capital. He currently serves as Managing Director at Alpha Capital and Chairman at Attic Group.

Ritu Palikhel

Sr. Accounts Officer

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.

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.

Dimpi Singh

Investment Analyst

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

HR cum Research Associate

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.

Anil Thapa

Operations Associate - Real Estate

He joined Accounts Department at iCapital in 2016 with four years'of prior experience in accounting. Since 2019, he has been taking new responsibilities as Operations Associate (Real Estate). He graduated in Business Studies from Tribhuvan University in 2014. Currently, he is engaged in Real Estate research, building proper realtionship with brokers/clients and managing operational work in Real Estate division.

Sumit Man Singh Baniya

Investment Analyst

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.

Anee Tamrakar

Associate Investment Analyst

Anee Tamrakar joined iCapital as an Associate Investment Analyst in August 2020. She has almost a year of experience in Nepalese capital market which she garnered during her stay at Kriti Capital and Investments Ltd. Before that, she was involved with Nielsen Nepal as a Freelancer for different projects for 2 years. She has an MBA (Finance) from Kathmandu University School of Management.

Ankit Shekhar Adhikari

Investment Analyst

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.

Bimal Ghimire

Investment Analyst - Economics

Bimal Ghimire has been engaged in iCapital since Jan 2022. He has taught economics in several colleges. Previously, he was engaged in KCL Astute Capital as Sr. Operations Analyst and ARK Ventures Pvt. Ltd. as Marketing Executive. He has completed M.A. Economics from TU.

Rupa Rai

Associate Investment Analyst

Rupa Rai is an Associate Investment Analyst (Equity) 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.

Abhinash Acharya

Jr. Land Surveyor

Abhinash Acharya has been working as a junior land surveyor since 2021. He completed Higher Secondary education from DAV college. He joined real estate division of iCapital to help in searching out the best land for various projects.

Bigyan Bhandari

Associate Investment Analyst

He joined iCapital as an Associate Investment Analyst. He is a Member of Global Corporate Finance Society (GCFS) with FMVA® certification from Corporate Finance Institute, Canada. Prior to joining iCapital, he was engaged in Financial Modeling, Valuations & Investment Research related projects as a Freelancer in Upwork Global Inc. for 3.5 years. He is currently pursuing ACCA qualification from ACCA, UK.


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contact us

Panipokhari, Kathmandu, Nepal

+977 9861843299

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