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Who is this guy Hari Shrestha?

Out of no where fellow named Hari Shrestha popped up in the Nepali media world. I am sure this guy has some money in the Bank. We never heard his name in the media and to everyone’s surprise he started a media house called “Dhumbarahi” and hired all ex-Kantipur veterans like Prateek Pradhan, Nayayan Wagle and Ameet Dhakal. Prateek is now the executive director of the media house, Narayan is editor of Dainikee (www.dainikee.com) and Ameet is editor of Republica (www.myrepublica.com). Online versions of these newspapers  are out and paper versions are due soon. What I am surprised is that, in Nepal, people think they can do any business if they have money. No experience required? How could Hari Shreshta be the chairman of the media house with no prior experince in the field of media. Maybe he has; who knows? If not, how could he understand the pains of of all those media workers in his company. I am amazed and all the best to this new media house! I feel bad for hard working people like Prateek and Narayan that they work hard for a media house; promote it and end up leaving the house with no equity. That’s what it happened in Kantupur house. Gyawali and Sirohiya had 100% equity and hard working people left the house with no equity. And now they are again starting from zero for this Shrestha guy who owns 100% equity.

In Nepla, we need to sort of stop the tradition of starting a business at the strengh of mere bank account and connection to politicians. For any business to succeed, the founder(s) needs to know the bsuiness deep. Many bsuinesses in Nepal are started “junping on the bandwagon” fashion and many therefore fail miserably.

0 thoughts on “Who is this guy Hari Shrestha?

  1. and sold his media co. to Gyawali group. see what happens when you start a business that you are not good at or you do not have any experience of. Hari Shrestha was probably naive to think that he could be a media mogul putting few crore of his real estate proceed. he put Prateek Pradhan back in the street. poor Prateek.

  2. Truely Pawan I am always your Fan. nepalese communists became so they think all people who have money are wrong people. Nepalese were taught that from hundreds of years, the fools.

  3. Anyway, Sahujis should have this liberty, that is “to invest”. The risk is their, whether business fails or succeed, the Sahuji bears it all. And about Prateek and Narayan, they are not doing monkey business here. They know it is good for them as well, otherwise they would have rejected the deal.

    Nepal has long (and spoiled) tradition of dejecting the business. They love to dehumanized the businessmen. If anyone ask 100 Nepalese how would they view a businessman, 98 of them will answer in “Kalo dhanda, Taskari, Lutera, Dui numbery, 420” etc etc. Most of the ordinary Nepalese do not has business common sense. There general perception is they are bad guys, the first thing that come to the their mind is “they steal money from other that is why they amassed so much money”.

    And that’s why the communists have been so successful here.

  4. Simply money is everything these days.
    So Hari Shrestha is hero who certainly have a lot of money .

    But it’s big blow to Kantipura publication since some veteran guys are no more there.
    This could lead Kantipur upto it’s collapse, moreover this media house gradually loosing people’s support as well.

  5. Kantipur will Collapse Soon because it is true: कालो मन्दाकिनिको जल जलनिधिको मोतिको ज्योति कालो
    यो सारा श्रीष्टि कालो यदि मनबीच छ भने तृष्णको तुच्छ जालो

  6. Investors can invest, i think that is why he hierd experiance ppl from kantipur to overcome all the media problems that he have to face:P

  7. what would be the size of media industry in Nepal? I mean in terms of annual revenue? Rs. 100 crore, 200 crore, 500 crorer or 1000 crorer? Who knows? Can you guys answer?

  8. Media is one of the biggest business running around and he’s trying to get a big share of it … let’s hope this brings a fair competition to the existing ones(which, of course, are not doing their job in the right way).

    Regarding the top guns following the one with all the money, it happens everywhere … only that here in Nepal, i happens more … they should have faith in the talent they have…

  9. कालो मन्दाकिनिको जल जलनिधिको मोतिको ज्योति कालो
    यो सारा श्रीष्टि कालो यदि मनबीच छ भने तृष्णको तुच्छ जालो

  10. I am sure he is smart enough to convince few other smart guys down the road. but these days as you mentioned every person with some reserve cash is trying to launch a newpaper after the news flash that Gwawali walked away with more than 100 crore of cash from Kantipur. Sirohiya and Gyawali got lucky with monopoly. there is enough competition out there, including from this blog. days are changed. with some luck and hard work Hari may make some money. but Prateek I know is a very tough guy and he won’t last there if Hari tries to sell his media direction in return of political favor and cash. i have a lot of onfidence on Prateek and Narayan.

  11. Well, i can assure you that money talks. So he is able to hire top jouros like them for this own publications. But the top ppl only work with the best of management. Lets see how long will it last.

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