Bhimji Depar Shah

Bhimji Depar Shah
Born 1931 (age 84–85)
India
Nationality Kenyan
Ethnicity Kenyan Asian
Occupation Businessman, Entrepreneur and Industrialist
Years active 1970 — present
Organization Bidco Group of Companies
Known for Net Worth

Bhimji Depar Shah, is a Kenyan businessman, industrialist and entrepreneur. He is the founder and current Chairman of BIDCO Group of Companies, a Kenya-based, family-owned manufacturing conglomerate with businesses in 13 African countries. He is listed as one of the wealthiest people in Kenya, with an estimated net worth of approximately US$700 million in November 2014.[1]

History

He was born in India in 1932. He migrated to Kenya, the largest economy in the East African Community, sometime prior to 1970. He settled in Nyeri, opening up a petrol station in the town. In 1970, he started Bidco Industries Limited, a garments manufacturing business. In 1985, the company switched to soap production. In 1991, Bidco opened up an edible oil manufacturing plant in Thika, and moved its International headquarters into the town, northeast of Nairobi, Kenya's capital. As of November 2014, the industrial conglomerate is a leading manufacturer of soaps, detergents, and baking powder, with annual gross revenue in excess of US$500 million. Bhimji's son Vimal Shah serves as the company's Chief Executive Officer.[2]

See also

References

  1. ↑ Business Daily Reporter, . (19 November 2014). "Vimal Replaced On Forbes List of Africa’s 50 Richest People". Business Daily Africa (Nairobi). Retrieved 20 November 2014.
  2. ↑ Forbes, . (November 2014). "Africa's 50 Richest: #33 Bhimji Depar Shah & Family". Forbes Magazine. Retrieved 20 November 2014.

External links

This article is issued from Wikipedia - version of the Monday, March 28, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.