Ajeya Raj Sumargi is chair of the Muktishree group of companies. He is also the executive director of the Nepal Satellite Telecom Pvt. Ltd. ( Hello Nepal), which is a GSM-based European JV cellular services provider company launched in 2007 from the Mid-West region of Nepal. He is also the promoting director of the telecommunication company the

Ncell Ncell () is a mobile service provider from Nepal. It is Nepal's largest company in terms of revenue market share and second largest telecommunications company, after Nepal Telecom in terms of subscriber base. The company was founded in 2004 w ...

Pvt. Ltd. (formerly Spice Nepal Pvt. Ltd.) with the brand name Mero Mobile, now Ncell, which started its operations with an investment of two billion.

Investments

On 22 December 2013 Sumargi announced at a press release that his company would invest 23 billion NRS. The investments would be made for Nepal Satellite Telecom, a new five star hotel and for the new cement plant.

Social service

His Muktishree group of companies was reported in 2016 to be planning a project in partnership with Rural Shores, India and the Inclusive Ventures Limited, which aims to empower Nepali rural youth through skill development training and provide employment opportunities.

Controversies

Sumargi has been involved in controversy concerning

money laundering Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, sex work, terrorism, corruption, and embezzlement, and converting the funds i ...

in Nepal. He has been in court for this multiple times.

References

{{DEFAULTSORT:Sumargi, Ajeya 1963 births Living people People from Hetauda Nepalese businesspeople