Devki Group

Last updated

Devki Group
Company type Private Conglomerate
IndustryManufacturing of building materials, aviation
Founded1986;38 years ago (1986)
Headquarters Ruiru, Kiambu County, Kenya
Key people
 Narendra Raval
Executive Chairman
Products Cement, aluminum, steel, helicopter charters
RevenueUS$650+ million (2020)
Number of employees
6,500+ (2020)
Website Homepage

The Devki Group of Companies, commonly referred to as the Devki Group, is a privately owned conglomerate in Kenya. Narendra Raval, a wealthy Kenyan industrialist and philanthropist, is a majority shareholder in each of the companies in the Group. The majority of the companies in the group focus on the manufacturing of building materials, including cement, aluminum and steel. The group has subsidiaries in Kenya, Uganda, Rwanda and the Democratic Republic of the Congo. [1] [2]

Contents

Location

The group has its headquarters along Ruiru–Kamiti Road, in Ruiru Town, Kiambu County. It is approximately 25.5 kilometres (16 mi), by road, northeast of the central business district of Nairobi, Kenya's capital and largest city. [3] [4] The factories of the subsidiary companies are located in various Kenyan locations and in three other regional countries. [1]

Overview

As of April 2021, Devki Group is mainly involved in the manufacture of building materials, including steel, aluminum and cement. At that time, the group was the largest manufacturer of cement and steel in Kenya. [1]

The Group's founder and executive chairman, is the majority shareholder in the companies that comprise the group. In April 2021 Business Daily Africa estimated his net worth at over US$500 million. At that time the conglomerate manufactured products worth over US$650 million annually and employed more than 6,500 workers. [5]

History

Narendra Raval came to Kenya in 1982, poor and single. In 1986, newly married, he and his wife, Neeta, started a hardware store in the Gikomba Market in Nairobi. Business grew and several years later, with the help of a bank loan of US$70,000, they were able to establish their first steel mill. [1]

Subsidiary companies

As of April 2021, the companies of the Devki Group included but were not limited to the following: [2]

1. Devki Steel Mills Limited: Ruiru, Kenya

2. Maisha Mabati Mills Limited: Ruiru, Kenya

3. National Cement Company Limited: Athi River, Kenya. [6]

4. Maisha Packaging Company Limited: Athi River, Kenya

5. Northwood Aviation Limited: Nairobi, Kenya. [7]

6. Simba Cement Uganda Limited: Tororo, Uganda. [8]

7. ARM Cement Limited: Athi River, Kenya. [9]

8. Cimerwa Cement Limited: Bugarama, Rusizi District, in the Western Province of Rwanda. [10]

See also

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References

  1. 1 2 3 4 Marcopolis (10 November 2019). "Devki Group of Companies: The Largest Steel and Cement Manufacturer in East Africa". Nairobi: Marcopolis.net. Retrieved 28 April 2021.
  2. 1 2 Devki Group (April 2021). "Devki Group of Companies: Company Profile". Ruiru, Kenya: Devki Group of Companies. Archived from the original on 23 April 2021. Retrieved 28 April 2021.
  3. ↑ Devki Group (28 April 2021). "Map Showing Location of the Headquarters of Devki Group of Companies". Devki Group. Ruiru, Kenya. Retrieved 28 April 2021.
  4. ↑ Google (28 April 2021). "Road Distance Between Kenyatta International Conference Centre, Nairobi, Kenya And Devki Steel Mills, Ruiru–Kamiti Road, Ruiru, Kenya" (Map). Google Maps . Google. Retrieved 28 April 2021.
  5. ↑ Jackson Biko (23 April 2021). "Narendra Raval: Billionaire who rides boda boda, has one pair of shoes". Business Daily Africa . Nairobi. Retrieved 28 April 2021.
  6. ↑ Mfonobong Nsehe (5 April 2018). "Kenyan Tycoon Narendra Raval Raises $97 Million For Cement Plant Expansion". Forbes.com . Retrieved 28 April 2021.
  7. ↑ Devki Group (28 April 2021). "Services Offered By Northwood Aviation Limited". Ruiru, Kenya: Devki Group of Companies. Archived from the original on 28 April 2021. Retrieved 28 April 2021.
  8. ↑ Mugmbi Mutegi (13 April 2015). "National Cement to build Sh18.5bn plant in Uganda". Business Daily Africa . Nairobi. Retrieved 28 April 2021.
  9. ↑ Eunniah Mbabazi (9 January 2021). "National Cement Completes Acquisition of ARM Cement Assets". The Kenyan Wall Street. Nairobi. Retrieved 28 April 2021.
  10. ↑ TEA (21 November 2023). "National Cement Holdings Ltd acquires 99.9pc stake in CIMERWA, Rwanda's top cement producer". The EastAfrican (TEA). Nairobi, Kenya. Retrieved 23 November 2023.

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