MIT Group Holdings Nepal Pvt. Ltd. is a company registered at Office of Company Registrar on 5 th September 2007, under Company Act 2006. It has got FDI approval from Department of Industry. MIT Group Holdings Nepal is a sub-company whose parent company is situated in Australia – MIT Group Holdings Pty. Ltd. It is a FDI (Foreign Direct Investment) project from Australia.

Shareholders of this company are Shesh Ghale and Jamuna Gurung, each holding 50% of the shares. Shesh Ghale is the former President of NRNA (Non-Resident Nepali Association) and also founder and CEO of Melbourne Institute of Technology, Australia. He was ranked the 81st- richest person in Australia in the 2018 BRW Rich 200.

MIT Group Holdings Nepal Pvt. Ltd. is currently building a 5 Star Hotel –Sheraton Kathmandu Hotel of Sheraton Brand at the heart of Kathmandu city – Kantipath, Kathmandu. MIT Group has also done management agreement with Sheraton- Singapore. Sheraton Kathmandu Hotel’s architectural design was done by SRSS –Singapore and Structural design was done by ADG –Australia. Estimated cost of this project is NRs.10 Billion. Sheraton Kathmandu Hotel is targeted to open by October 2020.