AbstractNitrogen‐fixing Nepalese alder (Alnus nepalensis D. Don.) is a rapidly‐growing pioneer tree species that often forms pure stands in areas affected by landslides, but also occurs mixed with other late‐successional species in the central Himalayas. In this study, we assessed the distribution of carbon in vegetation and soil in a chronosequence of A. nepalensis (3–270 years old) forest stands and evaluated its correlation with the stand and alder total basal area (TBA). The study was conducted in six different naturally occurring forest stands in a chronosequence, viz., alder‐early regenerating (AER), alder‐late regenerating (ALR), alder young‐mixed (AYM), alder mature‐oak (Quercus leucotrichophora) mixed (AMOM), alder mature‐rhododendron (Rhododendron arboreum) mixed (AMR), and alder old‐oak (Q. leucotrichophora) mixed (AOOM) forests. The chronosequence consisted of three young unreserved, AER, ALR, and AYM (age 3–25) and three older reserved, AMOM, AMR, and AOOM (age 80–270) stands. We used structural equation modelling (SEM) to quantify the contribution of various carbon pools on ecosystem carbon stock. Forest carbon stock significantly increased (p < 0.05) with forest age and TBA, indicating that succession is the driving factor of the forest ecosystem processes, carbon accumulation, and therefore, change in vegetation biomass carbon and soil carbon in the chronosequence of A. nepalensis forests. Total vegetation biomass carbon (tree, shrubs, herbs, and litter) contained ~12.54–289.85 Mg ha−1 (79.11–57.77% total carbon stock), and soil carbon (depths of 0–10 cm in AER, 0–30 cm in AYM, 0–100 cm in remaining forest stands) contained ~3.31–210.13 Mg ha−1 (20.8–42% total carbon stock) and positively increased with stand and A. nepalensis TBA. The tree layer biomass carbon stock was considerably higher than the understory (shrubs, herbs, and forest floor). The soil carbon stock was reported to be influenced by the successional stages. Therefore, these findings reflect that the A. nepalensis forest development in the central Himalayas lead to storage of large amount of carbon stock in both plant biomass and soil.