In the early half of the twentieth century, Nepal was dependent upon imports for all materials required for development of its infrastructures. It was made more challenging due to very few motorable roads in existence at the time. In order to lead Nepal into self sufficiency and to accelerate Nepal’s infrastructure growth, Maniharsha Jyoti built the first Nepalese iron and steel factory in the jungles of Parwanipur, Parsa. It was then followed by the construction of the first Nepalese cement factory in Kathmandu.

Today, Parwanipur is not only home to Himal Iron and Steel (P) Ltd, but also to Himal Wires (P) Ltd, Himal Oxygen (P) Ltd, Jay Spinning Mills (P) Ltd, Jyoti Yarn Processing (P) Ltd and the Jyoti Farm. Today, Parwanipur is no longer a jungle but an industrial hub with Jyoti Group leading the way.