Pradeep Paunrana

Last updated

Pradeep Paunrana
Born
Pradeep Paunrana

1959 (age 63–64)
Nairobi, Kenya
NationalityKenyan
Alma mater University of Manchester
(BA in Accounting & Finance)
New York University Stern
(Master of Business Administration)
Occupation(s)Businessman, industrialist, entrepreneur
Years active1984–present

Pradeep Paunrana (born 1959) is a businessman, entrepreneur, industrialist and philanthropist in Kenya, the largest economy in the East African Community. He is the former managing director of ARM Cement Limited, one of the leading cement manufacturers in Eastern Africa. [1]

Contents

Background and education

He was born in 1959 and was educated in Kenyan schools. He attended New York University Stern School of Business (NYU Stern), graduating in 1983, with the degree of Master of Business Administration (MBA). His father, the late Harjivandas J. Paunrana, who had dropped out of school at age 13, made sure his son received a good solid education. [2]

Career

From 1983 until 1984, Pradeep worked at a software company in New York, [3] earning US$40,000 annually. He returned to Kenya in 1984, at the age of 24 at the request of his father who handed him the keys to the business in exchange for a percentage ownership, but no salary. Pradeep, therefore became the managing director of Athi River Mining Limited, as the company was known at the time.

From annual sales of KSh6 million (approx. US$70,000) in 1984, the business has grown to annual sales of KSh14 billion (approx. US$160 million), in 2014. In 1994, the company which started with manufacturing fertilizer, animal feeds, ceramics, glass and plastics, began making cement for the first time. In 2007, the company which had changed names to ARM Cement Limited listed its shares on the Nairobi Securities Exchange (NSE). Over the years, the company has grown into the largest manufacturer of cement in East Africa, producing 2.6 million tonnes annually. Pradeep Paunrana, personally owns 18% of the company shares, making him one of the wealthiest individuals in Kenya. [4] [5]

Other responsibilities

He is the current chairman of the Kenya Association of Manufacturers.

See also

Related Research Articles

<span class="mw-page-title-main">East African Breweries</span> Kenyan based alcoholic beverages holding company

East African Breweries Limited, commonly referred to as EABL, is a Kenyan-based holding company that manufactures branded beer, spirits, and non-alcoholic beverages.

<span class="mw-page-title-main">Bamburi Cement</span> Kenyan manufacturing company

Bamburi Cement Limited is an industrial company in Kenya specialising in cement and concrete. The company has operations in Bamburi suburb of Mombasa, it is headquartered in Nairobi and its stock is listed on the Nairobi Securities Exchange.

ARM Cement Limited, formerly Athi River Mining Limited, but commonly referred to as ARM is a mining and manufacturing company in Kenya, the largest economy in the East African Community. The company is headquartered in Nairobi and its stock is listed on the Nairobi Stock Exchange.

Carbacid Investments plc, is a manufacturing and investment company in Kenya, the largest economy in the East African Community. The company manufactures and markets carbon dioxide gas for food processing, industrial use and medical use, as well as dry ice. It also tests and validates gas cylinders.

<span class="mw-page-title-main">Chase Bank Kenya</span> Commercial bank in Kenya

Chase Bank Kenya Limited(CBK), commonly referred to as Chase Bank, was a commercial bank in Kenya, licensed by the Central Bank of Kenya, the central bank and national banking regulator.

Sidian Bank, formerly known as K-Rep Bank, is a commercial bank in Kenya, licensed by the Central Bank of Kenya, the national banking regulator.

Housing Finance Company Limited, commonly referred to as Housing Finance, is a commercial bank in Kenya, regulated by the Central Bank of Kenya, the central bank and national banking regulator. HFC is major mortgage lender in Kenya and was the second-largest in the market with KSh33.7 billion in mortgage loans, as of December 2019. At that time, Kenya Commercial Bank, the largest mortgage lender in the country had KSh64.3 billion in mortgage loans.

Access Bank Kenya (ABK), whose complete name is Access Bank (Kenya) PLC, formerly Transnational Bank Kenya PLC, is a commercial bank in Kenya. It is licensed and regulated by the Central Bank of Kenya, the national banking regulator.

M Oriental Bank, previously known as Oriental Commercial Bank Limited, is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator.

Centum Investment Company Plc, commonly known as Centum is a public East African investment company. It operates as an affiliate of the Kenyan government-owned Industrial and Commercial Development Corporation (ICDC).

<span class="mw-page-title-main">James Mwangi</span> Kenyan banker

James Mwangi CBS is a Kenyan accountant, career banker, businessman, and entrepreneur. He is the current Group Managing Director and Group Chief Executive Officer of Equity Group Holdings Plc, the banking conglomerate with one of the largest customer bases on the African continent, over 14 million as of December 2019.

Christopher John Kirubi, born in Murang'a county, was a Kenyan businessman, entrepreneur, and industrialist. He was a director at Centum Investment Company, a business conglomerate, of which he was the largest individual shareholder.

Britam Holding PLC is a leading diversified financial services group and is listed on the Nairobi Securities Exchange. The group has presence in seven Africa countries in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi.

Baloobhai Patel is a businessman and entrepreneur in Kenya, the largest economy in the East African Community. He is the current managing director of Transworld Safaris Limited, a company that he owns. He also owns minority stakes in a number of publicly listed companies at the Nairobi Securities Exchange (NSE). He is reported to be one of Kenya's wealthiest citizens.

<span class="mw-page-title-main">Equity Group Holdings</span>

Equity Group Holdings Limited (EGHL), formerly Equity Bank Group, is a financial services holding company based in the African Great Lakes region. EGHL's headquarters are in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, Tanzania, South Sudan, Rwanda, Democratic Republic of the Congo and a representative office in Ethiopia.

Atul Shah is a businessman and entrepreneur in Kenya. He is the managing director and chief executive officer of the Nakumatt Holdings Limited, the parent company of Nakumatt Supermarkets, the largest, privately owned supermarket chain in the African Great Lakes area, with branches in Kenya, Uganda, Tanzania and Rwanda. As of September 2014, the retail chain maintained 50 stores in four countries, employed over 7,000 people and had annual sales in excess of US$650 million.

Bank of Africa Kenya Limited, is a commercial bank in Kenya. It is one of the commercial banks licensed by Central Bank of Kenya, the country's central bank and the national banking regulator.

<span class="mw-page-title-main">Airtel Uganda</span> Ugandan telecommunications company

Airtel Uganda Limited is a mobile communications and information technology services provider in Uganda. The company also offers mobile funds transfer and banking services known as Airtel Payments Bank. Airtel Uganda Limited is a subsidiary of Airtel Africa PLC.

National Cement Company Limited (NCCL), also National Cement Company Kenya Limited, is a cement manufacturer in Kenya. It is a subsidiary of the Devki Group of Companies, an industrial and manufacturing conglomerate, with headquarters in Kenya and operating subsidiaries in Kenya, Uganda and the Democratic Republic of the Congo.

<span class="mw-page-title-main">Devki Group</span> Kenyan manufacturing conglomerate

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 and the Democratic Republic of the Congo.

References

  1. ↑ Mulupi, Dinfin (7 February 2014). "Meet The Boss: Pradeep Paunrana, Managing Director, ARM Cement". HowWeMadeItInAfrica.Com. Retrieved 17 October 2014.
  2. ↑ Manson, Katrina (9 September 2014). "Kenya's ARM Cement Comes Through A Mix of Fortunes". The Financial Times (London). Retrieved 17 October 2014.
  3. ↑ "Meet the Boss: Pradeep Paunrana, managing director, ARM Cement". How We Made It in Africa. 7 February 2014. Retrieved 5 October 2017.
  4. ↑ Biko, Jackson (12 September 2013). "It All Started with a Bunch of Keys". Business Daily Africa (Nairobi). Retrieved 17 October 2014.
  5. ↑ Maina, Wangui (16 December 2013). "Who Are Kenya's Wealthiest?". Business Daily Africa (Nairobi). Retrieved 17 October 2014.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.