The $400 Million Man Of Steel Who Said No To Africa’s Richest Man < BACK
December 10, 2015
Mr. Narendra Raval, EBS, (Guru), a steel tycoon, is one of Kenya's most successful entrepreneurs. He is the founder of Devki Group, a $650 million (annual revenues) Kenyan conglomerate that manufactures steel products, roofing sheets and cement. Raval, 53, a Hindu of the Brahmin caste system, came into Kenya as a teenager to serve as a Priest's assistant in a Temple in Kisumu, a commercial city in western Kenya. He soon got married, abandoned his priestly calling and started a trading and manufacturing business with his wife which snowballed into the Devki Group. The company now employs more than 4,000 employees and is the largest building materials company in East and Central Africa. Raval, now a Kenyan citizen, is one of the wealthiest people in the country with a fortune estimated at $400 Million. He is also one of the country's most devoted philanthropists- spending millions annually on scholarships for thousands of destitute children and rehabilitating schools. I recently had an informal chat with him in Nairobi where he recounted his journey and spoke about the lessons he has learned along the way.