About us

Our Story

Founded in 1969, Karma Group is one of Bhutan’s longest established and most diversified business conglomerates. Originating as Karma Steel and Wood Industry in Phuentsholing, the Group was among the first manufacturing enterprises in the country, established during Bhutan’s early phase of economic modernization. From the outset, the Group differentiated itself through a disciplined focus on quality, operational integrity, and long-term value creation-principles instilled by its Founder, Dasho Passang Dorji, and embedded into the organization’s DNA.

Over more than five decades, Karma Group has evolved from a single manufacturing unit into a multi-sector enterprise with interests spanning manufacturing, trading, mining, agri-business, timber processing, and shared services. Karma Steel and Wood Industry continue to operate as a core manufacturing unit and remains a trusted brand in the domestic market. In 1982, the Group further strengthened its manufacturing base with the establishment of Karma Feeds, Bhutan’s first and now largest producer of quality animal feed, supporting national food security and the agriculture value chain.

The Group’s trading portfolio includes established entities such as Karma Tshongkhang, Karma Pharmaceuticals and Medical Supplies, and Karma One Stop Shop, serving essential consumer and institutional markets. Its mining and value-addition operations include Karma CP Systems Private Limited, a foreign direct investment venture focused on granite mining and exports to India, alongside early investments in dolomite and other mineral resources.

In support of operational efficiency and governance, Karma Solutions & Services was established in 2018 as a centralized shared-services unit providing finance, HR/Admin, and IT support across the Group. In 2025, Karma Group expanded into the timber processing sector with the formation of Karma Integrated Wood Processing Industry, leveraging policy reforms to engage in legally compliant and export-oriented timber operations.

Karma Group’s growth strategy is underpinned by prudent diversification, first-mover advantage, and alignment with Bhutan’s development priorities, including sustainable resource utilization, agri-business development, and employment generation. With a workforce of over 300 employees, the Group places strong emphasis on human capital, institutional stability, and long-term partnerships.

Today, Karma Group represents a resilient, well-governed enterprise with deep domestic roots, diversified revenue streams, and growing exposure to regional export markets—positioned for sustainable growth and long-term value creation.