FOOD AND BEVERAGE
FOOD & BEVERAGE
The Food and Beverage industry is playing a major role in increasing the economic growth of the country. The F&B Industry is large, diverse, and full of specialized machinery. It’s one of the oldest industries on the planet, but still full of innovation. From new products to higher-volume, lower-cost production techniques, this industry is always looking for new ways to produce the food consumers want at the best possible price. IDEA Group is expanding its pizza chain by franchising and also enhancing the food processing unit and cheese factory.
IDEA F&B projects:
PIZZA CUTTER: Established in 2015, Pizza Cutter is now a Kathmandu based leading Pizza Chain in Nepal. In just 3 years, the brand had opened 17 shops. Currently 4 shops are under operation and large scale of rebranding and expansion is taking place from the 1st quarter of 2023.
- Nag Pokhari
- Hadigaun
- Maditidevi
- Bouddha
CHEESE FACTORY: Located in Hetauda, our cheese factory produces mozzarella cheese and supply to our own pizza chain. The factory will start to produce Cottage cheese, Ricotta Cheese, Butter/Ghee and Yogurt in late 2022 and start to supply to other restaurants and wholesalers.
VALUES AND BELIEFS
BUSINESS PHILOSOPHY
CORPORATE GOVERNANCE
Corporate Governance
IDEA Group has a corporate governance policy that promotes the highest levels of transparency and accountability to all stakeholders. It is a system by which all business corporations within the Group are directed and controlled. It deals with laws, procedures, practices and implicit rules that determine the Group companies’ ability to take informed managerial decisions vis-a-vis its principal stakeholders – shareholders, creditors, customers, the state and employees.
Our corporate governance policy includes:
- An independent and effective board of directors
- Good audit process and reporting
- Transparency
- Participation of shareholders in decision making
- Maximizing shareholder value
- Meeting social obligations
IDEA Group is committed to the highest standards of corporate governance in all its activities and processes. The various businesses were entrusted to competent professionals from the industry.IDEA Group disclosure norms are ahead of standards and are moving towards international practices. The boards of Group companies comprise eminent individuals from various disciplines.Each board has an audit committee, where directors, management and auditors deal with matters relating to financial reporting obligations, internal controls, review of accounting policies, and management of financial risks. It monitors compliance with laws, regulations and its own code of business conduct. The shareholders / investors grievance committee handles redress of shareholder and investor complaints like transfer of shares, non-receipt of balance sheet, and non-receipt of declared dividends.
The management committee takes decisions about policies and other important issues concerning the management. Each year all Group companies file a report on corporate governance, making all statutory disclosures.
