In February 1993, exactly two years after Nepal's constitution was amended to permit a free press, "Kantipur" and "The Kathmandu Post" were founded by Shyam Goenka, when he was 29 years old. In fact, he had taken the initiative to start the newspapers, with very limited resources, when just about everybody dismissed his efforts to start a private media house as a bad business move. However, Kantipur defied all naysayers and went on to write a history of its own – perhaps the greatest success story for a corporate in Nepal, post-1990 after Mr Binod Raj Gyawali and Kailash Sirohiya took over equal partnership.