‘Private equity is set to play a bigger role in Nepal's economy’

Dhruba Timilsina is the Chief Executive Officer of Avasar Equity Limited, a company that invests in potentially high-growth private companies and startups for equity and prepares them to go public in the stock market. Timilsina has an experience of more than 20 years in capital markets. He, previously, served as the CEO of Siddhartha Capital Limited and under his leadership, Siddhartha Capital became the first organisation to obtain a Mutual Fund Manager licence and launched the first Mutual Fund Scheme in Nepal. Prior to it, he worked at the Securities Board of Nepal for 10 years. The Post’s Subin Adhikari caught up with Timilsina to know about private equity and its future in Nepal. Excerpts:

Private equity is a relatively new concept in Nepal. How has your journey been so far?