Kathmandu: Two companies owned by real estate entrepreneur Kalu Gurung recorded a combined turnover of nearly Rs. 800 million in the last fiscal year, reflecting strong growth in Nepal’s property sector. His firms, Roadshow Investment Company and Roadshow Real Estate Company, generated a total of Rs 791 million in revenue.
Individually, Roadshow Investment posted Rs. 477 million in revenue, while Roadshow Real Estate generated Rs. 314 million during the same period. Both companies are actively involved in land plotting, housing, and apartment development projects, primarily in Kathmandu and Pokhara.
Roadshow Investment, fully owned by Gurung, has shown rapid growth in recent years, with revenue rising significantly from Rs. 61 million in 2023 to Rs. 185 million in 2024. Established in 2004, the company has expanded its footprint in the real estate market, including the development of two apartment projects in Pokhara.
However, the company’s expansion has also been accompanied by rising debt levels. Its total borrowings increased from Rs. 827 million in 2024 to Rs. 910 million by July 2025. Recently, it completed two apartment projects—Annapurna Apartment in Masbar (40 units) and Annapurna Lakeside Sedi (60 units)—built across 132,355 square feet. The land acquisition alone cost Rs. 208 million, while the total construction cost reached Rs. 1.545 billion. The projects were financed through a mix of Rs. 897 million in customer advances and Rs. 648 million in bank loans.
The company has secured credit ratings totalling Rs. 1.275 billion, including Rs. 555.6 million in long-term and Rs. 719.3 million in short-term borrowing capacity.
Meanwhile, Roadshow Real Estate, established in 1997 with Gurung holding a 67 percent stake, also reported strong growth. Its revenue climbed to Rs. 342 million in 2024 from Rs. 139 million in 2023. The company continues to focus on housing, apartments, and land plotting, with several projects underway in Pokhara.
Currently, it holds land assets valued at Rs. 39.7 million and has three apartment projects ready for sale, with a combined estimated cost of Rs. 1.332 billion. By July 2025, the company had already received Rs. 1.052 billion in advance payments from apartment bookings, indicating strong demand and improved revenue prospects in the coming years.
The firm has also secured credit ratings worth Rs. 1.143 billion, including Rs. 1.113 billion in long-term and Rs. 29.7 million in short-term facilities.
According to ICRA Nepal, both companies have improved profitability margins. Roadshow Real Estate’s profit margin rose to 11.55 percent from 7.05 percent, while Roadshow Investment’s margin increased to 19.53 percent from 7.94 percent in the previous year, reflecting enhanced operational efficiency and growing business momentum.
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