The Jyoti Group, one of Nepal’s oldest business houses, has officially split following prolonged family disputes. On Sunday, December 15, Padma Jyoti announced the formation of a new group, marking the division of the family-owned enterprise.
The rift between Padma Jyoti and his younger brother, Roop Jyoti, escalated earlier this year over unresolved issues related to property rights and financial obligations. Despite a partition deed signed over four decades ago, disagreements over the ownership of certain assets persisted, eventually leading to legal battles.
Read: Family Dispute Resurfaces Over Property Rights in Jyoti Group
Padma Jyoti serves as chairman of the newly formed group, which also includes Meera Jyoti as a founding member, and Saurabh Jyoti, Suhrid Jyoti, Srijana Jyoti, and Arati Jyoti as directors.
The Jyoti Group, established in the 1940s by Maniharsha Jyoti, has ventured into a wide range of sectors, including trading, manufacturing, FMCG, finance, and hospitality.
