Golchha Group’s Him Electronics records 8.76 billion rupees in annual business, Samsung and Himstar dominate the market
27th November, 2025, Kathmandu
Him Electronics Private Limited, the authorized distributor of Samsung products and the owner of the Himstar brand under the renowned Golchha Group, has achieved a record-breaking annual business turnover of 8.76 billion rupees for the fiscal year 2024/25.
Samsung Himstar Dominate Market
This impressive figure signifies a massive increase of 1.79 billion rupees compared to the previous fiscal year, firmly establishing the company as a dominant force in Nepal’s consumer electronics and home appliances market.
The company, which has been in operation since 1988 and is majority-owned (75 percent) by former FNCCI president Shekhar Golchha, demonstrates a strong capacity for growth and recovery in a competitive environment. Its financial stability is primarily driven by its strategic focus on high-demand, high-quality products from its primary brand, Samsung, and its homegrown brand, Himstar.
Analysis of Financial Growth Trend
Him Electronics has demonstrated a robust and generally upward trajectory in its business volume over the last five years, showcasing the resilience of its brand portfolio and its effective supply chain management. The latest turnover of 8.76 billion rupees is the highest recorded in this period.
Fiscal Year 2024/25: The company recorded a turnover of 8.76 billion rupees. This is the highest figure, representing a substantial surge in consumer demand and market penetration following previous market adjustments.
Fiscal Year 2023/24: The turnover for this year was 6.97 billion rupees. The increase to 8.76 billion rupees in the subsequent year highlights a strong year-on-year growth trajectory, signifying a recovery and expansion phase for the business.
Fiscal Year 2022/23: The company recorded 6.38 billion rupees in turnover. This period likely reflected challenges common in the market, such as import restrictions or macroeconomic slowdowns that temporarily affected the consumer electronics sector’s sales.
Fiscal Year 2021/22: Turnover stood at 8.16 billion rupees. This figure, achieved before the dip in 2022/23, demonstrates the company’s significant potential and the substantial demand for its products under normal market conditions.
Fiscal Year 2020/21: The company recorded 6.88 billion rupees in annual business.
The recent turnover of 8.76 billion rupees confirms that the company has not only recovered fully from any previous setbacks but has also strategically positioned itself for further dominance, with its primary focus remaining on the distribution of Samsung mobile devices, home appliances, and consumer electronics.
Product Portfolio and Operational Network
Him Electronics functions as one of Nepal’s premier importers and traders, maintaining a comprehensive product range and a vast logistical footprint across the country.
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Core Brands: Him Electronics serves as one of the two official importers and distributors for the entire range of Samsung products in Nepal, which accounts for the vast majority of its revenue.
Secondary Brands and Manufacturing: The company complements its Samsung distributorship with electrical and small appliances from other established brands, including Bajaj, Indoasian, Osram, and Timex watches. Crucially, Him Electronics also maintains a local assembly unit. This unit is responsible for manufacturing consumer electronics, home appliances, solar panels, and inverters, all marketed under its proprietary brand, Himstar. This domestic manufacturing capacity provides a degree of strategic flexibility and resilience against import fluctuations.
Extensive Network: To support its massive business volume, the company operates a robust distribution and service network that includes four warehouses, a dealer network comprising more than 9,000 large and small dealers, 13 retail outlets (likely its Samsung Digital Plazas and showrooms), and an extensive service footprint with over 40 service centers nationwide.
Credit Rating Upgrade and Enhanced Financial Standing
The substantial growth in turnover and operational stability has resulted in a favorable assessment by the credit rating agency ICRA Nepal, leading to an upgrade in the company’s long-term rating.
Long-Term Rating Improvement: The company’s long-term credit rating was upgraded from LBB to LBB+. The LBB+ rating indicates that the company’s credit risk is moderate but has a better financial profile than the LBB category, demonstrating improved capacity to service long-term financial obligations.
Short-Term Rating Stability: The short-term credit rating was maintained at A4+. This rating signifies a low risk of default on short-term commitments, which is essential for a high-volume trading business that relies heavily on short-term financing for inventory management.
Credit Limit Expansion: ICRA Nepal also confirmed a significant expansion of the company’s non-fund-based credit limits. The total credit limit now stands at 4.59 billion rupees.
The long-term credit limit is up to 263 million rupees.
The short-term credit limit was increased from 3.89 billion rupees to 4.59 billion rupees.
The increase in short-term credit limits demonstrates strong confidence from the banking sector in the company’s ability to manage high-volume transactions and working capital needs, reinforcing its position as a major, stable entity in the Nepalese economy.
For More: Samsung Himstar Dominate Market
