Shankar Group and Infinity Holdings
18th September 2025, Kathmandu
In the wake of the recent political upheaval, a joint press statement from two of Nepal’s leading conglomerates has addressed mounting speculation.
Shankar Group and Infinity Holdings
Shankar Group and Infinity Holdings have officially clarified that they have no collaboration with Gen-Z leader Sudan Gurung, and have appealed to the public not to be misled by a recent wave of false news.
The statement was issued by Shankar Group Director Sahil Agrawal and Infinity Holdings Chairman Deepak Bhatt.
The joint statement paid tribute to the Nepali citizens who were martyred during the Bhadra 23 and 24 movements. They also wished a speedy recovery to the injured.
The clarification comes after various online platforms and social media channels began circulating misleading reports linking the two business houses with the protest leader.
Disassociating from Misleading Reports
Bhatt and Agrawal were firm in their message. They stated that the only time they collaborated was with the “Hamro Nepal” organization. This partnership was for humanitarian support during the COVID-19 pandemic.
They emphasized that there has been no cooperation with the organization or its representatives since then. This clarification aims to set the record straight and counter the fabricated narratives.
The movement, largely led by the Gen-Z generation, brought significant political change to the nation. While acknowledging the movement’s impact, the business leaders sought to distance their companies from any direct involvement. Their focus, they stated, remains on their business and investment commitments.
Protest Damage and Economic Commitment
The press release also brought to light the significant damage suffered by the Hilton International Chain Hotel. The hotel, which operates under the Jagdamba Hospitality Group, was a victim of vandalism and arson during the protests. The incident highlights the negative impact of such events on the country’s business and tourism sectors.
Despite this setback, Agrawal and Bhatt reaffirmed their commitment. They stated they would continue to invest in and contribute to Nepal’s economic growth. Their resolve remains unshaken, even in the face of recent challenges. They believe that sustained investment is crucial for the nation’s recovery and prosperity.
A Call for Responsible Journalism
The statement also expressed dissatisfaction with media outlets publishing unverified information. The business leaders stressed the importance of truthful and factual reporting.
They urged media professionals to verify their sources before disseminating information. This call to action is a plea for greater media responsibility and ethical journalism.
The proliferation of false news can create confusion and distrust. The appeal by Shankar Group and Infinity Holdings serves as a reminder to the public.
They urged fellow Nepalis not to fall for propaganda. The need for a critical approach to information, especially on social media, has never been more vital.
The joint statement effectively puts an end to the speculation surrounding the two companies. It clarifies their position, pays homage to the victims of the protests, and reiterates their long-term commitment to Nepal’s economic development.
For more: Shankar Group and Infinity Holdings