Management Team

Bidhya Sigdel, Investment Director

Bidhya Sigdel, Managing Director

Bidhya, a Chartered Accountant, has been in professional finance and accounting in both India and Nepal for more than 15 years, including latest six years in the Nepal banking sector before Dolma. He joined Dolma before first close in 2014. Bidhya received his chartered accountant training at JC Bhalla & Co, Delhi, as part of his education in ICAI, India. In Nepal, he was Audit Manager with TR Upadhya & Co, where he gained expertise in equity valuation for private and public companies. He then joined Kailash Bikas Bank, the largest development bank in Nepal, as Head of Business where he oversaw the bank’s high performing credit portfolio. He was also a member of various top management level committees. Bidhya holds an MBA from Kathmandu University School of Management. Bidhya has also completed Accelerated Development Program on Leadership from London Business School. Bidhya is a certified corporate director from Institute of Directors, India. He represents as a non-executive director at various portfolio companies for Dolma Impact Fund. Bidhya was also a member of the board of Rastriya Banijya Bank Ltd, a government owned commercial bank with one of the biggest portfolios in lending and deposits in Nepal, he also convened as the chair of AML/CFT Committee of the Bank. Bidhya is a council member of Institute of Chartered Accountants of Nepal, the regulator for accounting practice, reporting and education in Nepal. Bidhya has also received number of trainings in private equity, governance and compliance. Bidhya has also delivered a number of lectures in various platforms on private equity, business valuation organized by ICAN, ACAN and other such organisations.



Shabda Gyawali, Investment Manager

Shabda Gyawali, Investment Director

Shabda is a Investment Director at Dolma Impact Fund. Shabda helps lead deal origination, transaction execution,regulatory approvals  and post-investment management of partner company. He oversees hydropower and healthcare projects and sits on the board of the various partner companies. Prior to joining Dolma in 2011 as a business development officer, Shabda worked as an Associate in Beed Management, a management consulting in Kathmandu. At Beed, he provided operational and investment support to SMEs involved in financial inclusion, agriculture, agro processing, and manufacturing. He also has significant experience in other emerging and frontier markets and co-founded Saraii, an eco-tourism venture in Sri Lanka.
Shabda Gyawali earned his undergraduate in Economics and his MBA in Sustainable Entrepreneurship from Colorado State University, USA. He was trained on negotiation strategies from Indian School of Business, India. 


Nikita Bajracharya, Investment Analyst

Nikita Siddhi Bajracharya, Senior Investment Manager

Nikita manages the pharmaceutical and IT portfolios of Dolma. She is involved in deal sourcing, structuring and negotiating new deals, preliminary due diligence of potential companies and regular monitoring, guidance and building business development strategies for the portfolio as a representative of Dolma. Her expertise lies business growth planning and restructuring, in-depth understanding of investment potentials in sectors such as hospitality, reconstruction, agriculture and solar in Nepal and working with diverse stakeholders. Prior to joining Dolma, Nikita worked for 18 months on inward investment, research and analysis, and industrial promotion of local entrepreneurs in the Dundee region where she gained immense exposure on operations, financing, and promotion of businesses.
Nikita is a graduate of the University of Dundee, Scotland and holds a Master's degree in Accounting and Finance. She holds a certificate on Negotiation Strategies from Indian School of Business and has been a part of several PE, investment and ESG related training in Nepal and India.



Vishal Bista, Investment Manager

Vishal Bista is passionate about his role as investment manager. He leads investment transactions and is involved in deal origination, structuring and negotiating new deals, due diligence, and interacting with portfolio companies on their operations, strategies, and exit. His work experience spans multiple sectors, including renewable energy, manufacturing, banking, consulting, and real estate. Before this role, Vishal served as Investment Manager in Dolma Himalayan Energy, a large-scale PV developer. He has also worked as Internal Auditor in Global IME Bank, a leading commercial bank in Nepal, and as a Consultant for Grant Thornton India. Vishal is a Chartered Accountant with membership in the Institute of Chartered Accountants of India and Institute of Chartered Accountants of Nepal.  He completed his MBA (Finance) from HEC Paris and his undergraduate degree from Shri Ram College of Commerce, University of Delhi. 



Raskin, Investment Manager

Raskin Maharjan, Investment Manager

Raskin is the investment manager at Dolma, managing the healthcare and manufacturing portfolios. He has a cumulative experience of 8+ years in private equity, alternative investment and public equity in Nepal. He is a former lead/Investment Manager in Alternative Investments of Nepal Life Insurance Co. Ltd, the largest life insurer in Nepal. He is also a former head of the research department at NIBL Ace Capital, a fund management company and served as Senior/Investment Analyst at Dolma for 4+ years.

He has screened and structured deals in renewables, healthcare, real estate housing, and the manufacturing industry. He is an MBA in finance from Kathmandu University and a CFA level III candidate. 



Shubhra Rayamajhi, Head of Operations

Shubhra holds MBA degree majoring in Human Resources from Kathmandu University School of Management. She has more than 10 years of working experience in diverse sector like airline, corporate house to development sector.

Shubhra has joined Dolma as Head of Operation, to support the organization human resources and administration area. Prior to joining Dolma, she was Head of Human Resources at Qatar Airways where she oversaw all human resources and administration aspect including, recruitment, HRD, performance management, organizational behavior, supplier relation management. She enjoys reading, cooking, travelling and spending time with her kids.




Minakshi Rokka Chettri, ESG Manager

Minakshi Rokka Chettri, Head of ESG & Impact

Minakshi is an environmental science graduate with more than twelve years of experience in environmental and social safeguard, monitoring and evaluation, research and disaster risk reduction and climate change adaptation in development sector. Before she joined Dolma, she was working with United Nations Food and Agriculture Organization and Save the Children specifically on environmental and social safeguard. She acquired the skills and knowledge on the IFC performance standards, USAID's compliance and FAO (Food and Agriculture Organization) E and S standards.  

She has done environmental and social risk screening and assessments, management plans, due diligence, integrating the management and monitoring plans in the project cycle, producing knowledge products, trainings and reporting. 



Shree Krishna Subedi, Senior Investment Associate 

Shree Krishna Subedi works as an Senior Investment Associate for Dolma Impact Fund. He assists Investment Managers in research and diligence on potential deals and its execution. He previously worked as an Equity Research Analyst for Khanal Pradhanang Investment Associate. His work entailed doing thorough fundamental analysis of listed companies and aiding Investment team on fund allocation for client's portfolios. Throughout this experience, he has gathered knowledge and business acumen about various industries listed in public domain. 

He is a B.Com graduate from Christ University, Bangalore. He has also completed CFA level II.




 Pragres Acharya, Senior Investment Associate

Pragres, a Chartered Accountant, has experience of over four years in the field of banking, consulting and taxation. Before joining Dolma, Pragres worked as a Finance Analyst at Rastriya Banijya Bank Ltd. and Senior Associate at PKF TR Upadhya & Co. His experiences lie in financial modeling, financial analysis, taxation, performance evaluation and financial reporting of Companies, Permanent Establishments and development sector organisations. Furthermore, he also has experience of interpreting relevant mercantile statutes by analysing its essence. Apart from finance/tax, Pragres also has keen interest in history and knowing the economic and social rationale behind things or events or phenomena around the world.


Pragres has also been awarded with 2 Gold Medals by Institute of Chartered Accountants of Nepal (ICAN), one for ranking 1st in the final examination of Chartered Accountancy, and another Gold Medal for topping the "Strategic Management and Decision Making Analysis" course.




 Akendra Joshi, Investment Associate

Akendra has over 8 years of professional experience in auditing, feasibility study, due diligence, valuation, financial and credit analysis. Prior to Dolma, he was associated with ICRA Nepal (subsidiary of ICRA Limited (ICRA) of India, a Moody’s investor service company) and was primarily responsible for the credit ratings and issuer ratings of forty plus top corporates of Nepal belonging to varied sectors including Pharmaceuticals, FMCG trading, Financial Markets, Manufacturing, Construction among others. Akendra also played a pivotal role in framing the rating methodologies and developing industry insights for multiple sectors. He worked as a fellow in Beed Management, an international management consulting and financial advisory firm in Nepal. Akendra received his on-the-job training from one of the topmost audit firms in India, Haribhakti & Co., Mumbai and was an audit team member for the listed and the private entities.


Akendra has a Chartered Accountancy degree from the Institute of Chartered Accountants of India (ICAI) and is also a member of Institute of Chartered Accountants of Nepal (ICAN). He has a keen interest in politics and economics and he enjoys reading, traveling and meditation.


Sanjita Karki, Senior Audit Assisociates

Sanjeeta Karki, Junior Investment Associate

Meet Sanjeeta Karki, an accomplished Chartered Accountant from the Institute of Chartered Accountants of India (ICAI). Prior to Dolma, Sanjeeta worked as Senior Audit Associate at PKF TR Upadhya & Co. and completed her 3 years articleship from M.M. Bhasin & Co., New Delhi where she primarily worked in Internal/Statutory Audit assignments, Taxation Assignments, company law assignments among others.

Throughout her four and a half year professional career, Sanjeeta has consistently demonstrated a passion for delivering exceptional results and maintaining the highest professional standards. Beyond her technical expertise, Sanjeeta possesses strong communication and interpersonal skills. She values personal growth and has a keen interest in exploring nature and cultures, finding inspiration outside the office that further fuels her creativity and problem-solving abilities


Sharmila Bajracharya, Senior E&S Associate

Sharmila, Senior E&S Associate at Dolma Impact Fund holds Master’s Degree in Environmental Science. She is involved in E&S document review and assessment of portfolio and pipeline companies.  She assists E&S officers of portfolio companies in the documentation of required Environmental and Social Management Systems and meeting required Environmental and Social Action Plan of Dolma Impact Fund.  She helps in monitoring progress on implementation of ESAP of portfolio companies, risk identification, mitigation and reporting. She oversees the compliance of portfolio companies with relevant laws and regulations of Nepal and applicable International Standards.

Prior to joining Dolma, Sharmila worked as an Environmentalist for Environmental Assessment (EIA/IEE) of development projects where she was responsible for overall environmental study and preparation of Environmental Management Plan. She has also been involved in research activities related to Disaster and Climate Change. She also worked as a Research Assistant and Lab Assistant (Water Quality Test) in Centre of Research for Environment, Energy and Water.




Shabda Gyawali, Investment Manager

Ajita Singh, Legal and Compliance Associate

Ajita Singh is the Legal and Compliance Associate at Dolma Impact Fund. She is part of the E&S Team and will be supporting the organization in adhering to the local laws applicable to it along with ensuring that the portfolio companies are in compliance to local locals, international conventions and requirement to it. She will help manage and mitigate risks that will arise from non-compliance to regulatory affairs. Her role will also require her to monitor and implement AML/CFT policies and to manage risks arising from the same. 


She graduated from National Law School of India University, Bangalore with a B.A.LL.B (Hons) degree but was always interested in the world of finance. Her legal education background helped her make a place for herself in the Legal and Compliance sector.  Upon graduation, she joined Standard Chartered Bank, Nepal in the Compliance Department where she worked as a Financial Crime Compliance Analyst. Her role dealt with AML/CFT risks that could arise at the Bank. She was required to carry out client reviews to identify suspicious transactions based on transaction monitoring and the Client profile. 



Bhim Pode, Office Assistant

Mr. Ritesh Subba, Environment, Health & Safety Associate

Ritesh is a certified safety professional who hold the International Diploma from NEBOSH, United Kingdom and a member of Institute of Occupational health and Safety (IOSH). He has a Sixteen plus years of work experience in various sectors with Ten plus years of experience in the field of Environment, Health & Safety. He is a lifetime member of the Nepal Red Cross Society (NRCS) and working in various Disaster Rescue and relief operation as District Disaster Relief Team member and First Aider and is passionate about his work to try and introduce an acceptable standard of EHS in Nepal.
Previously he worked as a HSEQ Manager at a FMO funded Category A project and EHS Manager at a JICA funded category B project. He is a certified safety trainer and is well versed in conducting ISO and safety audits. 


Nisha Shrestha, Office Secretary

Nisha Shrestha, Finance Officer

Nisha Shrestha is a trained professional in the field of office secretary and office assistant and possesses more than four years experience in private organisations including a commercial Bank and migrant worker recruitment agencies. She holds Bachelor in Business Administration and is currently persuing Masters in Finance and investment. She has served many social initiatives during her professional career such as opening bank accounts for the socially excluded and marginalised group for access to banking and acting as a liaison among manpower, labour department and concerned embassy to address labour issues.


Bhim Pode, Office Assistant

Bhim Pode, Office Assistant

Mr. Bhim lal Pode possesses nearly two decades of experience in the field of administrative work with Save the Children UK 1991- 2005, Save the Children Sweden from 2005-2011 and (FAITH), an NGO 2011-2014. He has had a progressive growth from cleaner to messenger to office assistant mainly due to hardworking, proactive, commitment and positive attitude. Over the years he broaden his competencies to undertake assignment efficiently and effectively. When he joined Save the Children in 1991, he had only grade 9 education. Due to his commitment, determination and will power to groom professionally and to excel in life, he continued his further study and passed high school and plus 2 level supported by save the children.

Even though he was born in a minority/ "untouchables" community, Bhim broke all the social stereotypes and stigmas to be an exemplary figures in his community.