The Lhaki organization and industries was started by the farsighted and visionary person Dasho Ugen Dorji about three decades ago. The organization made a humble beginning starting with the operation of a Dolomite Mine in 1973 at Kalishwar under Phuentsholing Drungkhag, and in 1983 Dasho established a crushing plant in Pagli under Samtse Dzongkhag. Thereafter, the business opportunities and scope widened and a trading unit, Lhaki General Stores dealing in general items including hardware, electrical, plumbing & etc. was established. As the socio-economic development of the country progressed, and the construction horizon opened up in late 1980s Lhaki Construction Private Limited was established which was perhaps the first kind of construction firm in Bhutan. Later in the 1990s Dasho envisaged abundant requirement of construction materials for a developing nation, Dasho established the Lhaki Cement Plant in 1992 at Gomtu as the area had bountiful deposits of high grade limestone. Today Lhaki Cement is one of the foremost producers of superior quality grade of cement in Bhutan.

When the Royal Government of Bhutan initiated the privatization policy of state owned mineral resources in the southern belt through public auction, subsequently in 2005 the Hon’ble Chairman (major investor) along with some potential Bhutanese private individuals promoted a Public Limited Company namely Jigme Mining Corporation Limited (JMCL) which won the mining right of dolomite deposits at Pagli under Samtse Dzongkhag. To cater to the requirements of its end users, the processing and marketing of dolomite are being carried out by its subsidiary company known as Jigme Industries Private Limited (JIPL).

After setting up of Industrial area at Pasakha by the Royal Government, Dasho initiated and promoted Lhaki Steels & Rolling Private Limited which is the largest integrated steel plant in Bhutan. Later, under the market expansion program the plant went under joint venture agreement and today it is the only steel plant with FDI undertaking.      

Lhaki is also into tourism and hotel business, and established Bhutan Tourism Corporation Limited (BTCL) which is synonymous with Bhutan Tourism founded in 1974, the oldest tourist company in the Kingdom. Lhaki is the major shareholder with 51% holding. Beside operating a chain of hotels BTCL manages and operates chain of hotels like Phuentsho Pelri Hotel in Thimphu, Olathang Hotels in Paro, Lhaki Hotel in Phuentsholing, Zhingkham Resort in Punakha and Ugyenling in Bumthang.

Further, as the country experienced far reaching advancement in communication & technologies, Lhaki went into diversification and started IT business known as New Edge Technologies dealing in Networking, System development, Software & Hardware, supply of Networking and Server equipment, designing and development of websites. After having gained wide range of expertise in diverse business ventures, and under the constant guidance of the Hon’ble Chairman, Lhaki organization is exploring more avenues for investments in new business areas within the kingdom and outside.