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Nairobi Business Ventures Ltd
NBV was incorporated by Mr. Vasu and Mr. Raj early 2012 as a distributor of KWANZA Brand Shoes.
The Company commenced its operations during June 2012 initially supplying in a small way to Deacons Ltd which had many brands and retail outlets in Kenya and EA Region.
Having understood the potential of leather products retailing business in Kenya and the region promoters of NBV developed the vision to promote local brands as against foreign brands domination.
Even before the opening of Village Market Shop NBV got an opportunity to acquire three shops owned by Service Shoes, a Pakistani Company a listed company in Karachi Stock Exchange closing its operations in Kenya due to their re strategies to focus on their 400+ retail outlets in Pakistan than 3 outlets in Kenya. Immediately NBV moved fast and acquired successfully running Service Shoe outlets in Kenyatta Avenue, Moi Avenue and Ongata Rongai and renamed them as Kwanza. As business continued NBV felt the necessity of having its own brand due to inconsistent supplies from Kwanza and to establish its own reliable supply lines. Though NBV want to manufacture its own brand locally which shall take some time it has successfully established its own brand KShoe and renamed its outlets as K Shoe – Leather Accessories.
* Registered the company’s brand, KShoe.
* Begun new business of retailing corporate leather gifts.
* Took the decision to list the Company on the Nairobi Securities Exchange (NSE) in order to propel it to greater heights.
* Moved the Village Market store to a bigger, better location within the same mall.
* Opened two new retail outlets in Nairobi within two shopping malls, T – Mall and Capital Centre.
*Listed at the Nairobi Securities Exchange (NSE) on the Growth Enterprise Market Segment (GEMS) by way of introduction.
*Promoters have undertaken to lock in shares for a period of 2 years. They hold 70% of total issued shares.
The lead management team at Nairobi Business Ventures Limited.
Chief Executive Officer: Mr. Vasu Abotula
More than 25 years working experience in senior management Bachelor of Commerce, (B. Com), Bachelor of Law (LL.B), A.C.A qualification from India and C.P.A qualification from Kenya Successful, established entrepreneur with stakes in several companies Experience in initiation, expansion and diversification of business.
Managing Director: Mr. Raj Srungarapu
Marketing Professional; more than 17 years working experience in senior management positions with multinational companies. Holds MBA in Marketing with specialization in Export and Import Management and a Diploma in Printing Technology. Core experience areas; Sales, Marketing, Supply Chain Management, Distribution and Import and Exports. Also a successful entrepreneur.
Director: Jayesh Himatlal Nagrecha
Experience; finance, corporate planning, taxation and strategic management . Director with Corporate Insurance Company Ltd (CIC Ltd) for the last 4 years and is chairman of board Audit Committee. Skills; Developing and implementing financial information system including budgetary as well as internal control systems, with sound knowledge of investment and economic theory and portfolio management.
Director: Mr. Simon Saili Malonza
Bachelor of Laws (LLB) from University of London; Diploma in Law from Kenya School of Law. Degree in Quantity Surveying from University of Nairobi – College of Architecture and Engineering. Member and currently undertaking training to become Fellow of the Chartered Institute of Arbitrators of Kenya. Expert in dispute resolutions. Has worked as Principal Partner in law firm; Director at a Construction Company undertaking business development, tendering, project management and implementations; Site Engineer on many road construction sites throughout the country; Consultant Engineer on many large scale projects.