An overview of Nepalese Tech Industry: A co-operative study with SMTM Capital

Abstract

This report contains an overview of Nepalese Tech Industry with a case example of SMTM Capital, a tech company in Nepal where I did my co-operative education fulfilment under the BBA- Finance and Investment program within SIAM University. This co-operative education report focuses on emerging trends, challenges and opportunity the Nepalese Tech industry has on their hands. Drawing insights from industry reports, case studies and my first-hand experience, this report offers insights on both company specific and industry perspective. The Nepalese tech industry, though nascent, has been experiencing rapid growth, with over 500 IT related companies operating within the country. A significant portion of these companies export IT services to other countries demanding for cost-effective solutions. The industry has witnessed tremendous growth in terms of IT service exports in the past few years, while supporting the foreign currency reserves of the nation. In 2022 alone, a total of USD 515 million worth of IT service has been exported through 106 companies. The report delves into SMTM Capital’s key values, product offerings, organizational structure and strategic initiatives. It also examines the challenges faced by the industry and how SMTM tackles or plans to tackle with such issues.

Furthermore, the report offers recommendations to SMTM Capital and the broader tech industry as a whole. During the co-operative study which lasted 3 months, I believe both SMTM Capital and the Nepalese tech industry have many opportunities in the coming future. The organization chosen in the study may be benefited by further investment in marketing, talent development, industry infrastructure and more. Whereas, the industry in general would run more efficiently with regulatory reforms with emphasis on STEM education fostering innovation.Overall, this report shall serve as a perspective of a business student from within a rising tech company in Nepal. The report may also add value to stakeholders, investors and industry players seeking to understand the dynamics and opportunities revolving around the Nepalese tech landscape.

Keywords: Emerging trends, strategic planning and industry analysis

Mr. Bikash Dahal, บธ.บ. การเงินและการลงทุน (หลักสูตรนานาชาติ) – B.B.A. Finance and Investment (International Program), บริหารธุรกิจ (Business Administration), บริหารธุรกิจบัณฑิต สาขาวิชาการเงินและการลงทุน (หลักสูตรนานาชาติ) – Bachelor of Business Administration Program in Finance and Investment (International Program), 2/2566 (2023)