Bhimji Depar Shah
| Bhimji Depar Shah | |
|---|---|
| Born |
1932 (age 82–83) 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
- ↑ 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.
- ↑ Forbes, . (November 2014). "Africa's 50 Richest: #33 Bhimji Depar Shah & Family". Forbes Magazine. Retrieved 20 November 2014.