Ruparelia Group
Private Conglomerate | |
Industry | Investments |
Founded | 1985 |
Headquarters | Kampala, Uganda |
Key people |
Sudhir Ruparelia Chairman |
Products | Banking, Horticulture, Insurance, Schools, Real Estate, Hotels &, Resorts, Broadcasting |
Slogan | Serving To Grow And Growing To Serve |
Website | Homepage |
The Ruparelia Group of Companies, commonly referred to as the Ruparelia Group is a privately owned conglomerate in Uganda.
Overview
Ruparelia Group is mainly involved in banking, foreign exchange bureaux, insurance, education, real estate development and management, education, floriculture, broadcasting, hotels and resorts. Sudhir Ruparelia, the Group's Chairman is the majority shareholder in the companies that comprise the group. In November 2012, Forbes Magazine estimated his net worth at US$900 Million, making him the wealthiest individual in Uganda at the time.[1]
History
The group's founder and chairman, Sudhir Ruparelia, was born in Uganda. He moved to the United Kingdom with his parents in his early teens. As a young man in England he successfully established a number of small businesses before returning to Uganda in the 1980s to take advantage of the great improvements in political and business stability.[2]
Subsidiary Companies
The companies of Ruparelia Group include but are not limited to the following:[3]
- Crane Bank - Kampala, Uganda[4]
- Crane Forex Bureau 1 - Crane Chambers, 20 Kampala Road, Kampala Uganda
- Crane Forex Bureau 2 - Kampala Speke Hotel, 7-9 Nile Avenue, Kampala, Uganda[5]
- Goldstar Insurance Company Limited - Kampala, Uganda
- Speke Resort and Conference Centre - Munyonyo, Kampala, Uganda
- Munyonyo Commonwealth Resort - Munyonyo, Uganda[6]
- Kampala Speke Hotel - Kampala, Uganda
- Kabira Country Club - Bukoto, Kampala, Uganda
- Tourist Hotel - Kampala, Uganda
- Speke Apartments Limited - Kampala, Uganda
- Sanyu FM 88.2 - Kampala, Uganda
- Kampala International School, Uganda (KISU)[7]
- Kampala Parents' School
- Crane Management Services Limited - Kampala, Uganda
- Meera Investments Limited - Kampala, Uganda
- Rosebud Limited - Entebbe, Uganda
- Victoria University Uganda - Kampala, Uganda[8]
- In addition to the above interests in Uganda, the group owns commercial and real estate interests in Rwanda, South Sudan, the United Kingdom and the United Arab Emirates.[9]
See also
- Uganda Conglmerates
- Africa Conglomerates
- KCCA
- Speke Hotel
- Rich Ugandans
References
- ↑ Nsehe, Mfonobong (Contributor) (25 June 2014). "The World's Billionaires: #1523 Sudhir Ruparelia". Forbes.com. Retrieved 25 June 2014.
- ↑ Jamal, Vali (3 October 2012). "Ugandan Asians: The Making of Ruparelia Group". Daily Monitor. Retrieved 25 June 2014.
- ↑ Nsehe, Mfonobong (26 April 2013). "Africa’s Newest Billionaire: Ugandan Builds $1.1 Billion Fortune From The Ground Up". Ventures-Africa.com. Retrieved 25 June 2014.
- ↑ Stephen Otage, and Stephen Wandera (26 July 2013). "Crane Bank To Extend Operations To Rwanda". Daily Monitor.
- ↑ "Supervised Financial Institutions: Forex Bureaux". Bank of Uganda. Retrieved 25 June 2014.
- ↑ State House Uganda, . (7 August 2012). "President Yoweri Museveni In Hat Chairing The Great Lakes Summit At Munyonyo On 7-8-2012". StateHouse.go.ug. Retrieved 25 June 2014.
- ↑ Balagadde, Samuel (22 June 2009). "Sudhir Invests US$14 Million In School". New Vision. Retrieved 25 June 2014.
- ↑ Conan Businge, and Ssebide Kiryowa (5 September 2013). "Businessman Sudhir Buys Victoria University". New Vision. Retrieved 25 June 2014.
- ↑ Kiryowa, Sebidde (24 November 2012). "Sudhir Richest Man In East Africa – Forbes". New Vision.