Dfcu Bank has started the process of vacating Dr Sudhir Ruparelia’s properties, wrongfully passed onto them by Bank of Uganda. Several movers were seen at dfcu Bank’s Crane Chambers, on…
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Rajiv Ruparelia, the Ruparelia Group Managing Director and heir apparent to the Ruparelia Group empire of over 28 businesses, turned 30 years. At 30 years, he is probably the youngest CEO of a business empire that is now in excess of USD 1 billion (UGX3.7 trillion). In this exclusive, candid interview, billionaire Dr Sudhir Ruparelia, the group’s founder and Chairman, spoke to CEO EA Magazine’s Executive Editor, Muhereza Kyamutetera about his slow but sure road to retirement and why he chose Rajiv to take over from him. Dr Sudhir, speaking from a skiing resort in Aspen, Colorado, in the United States of America, where the family is on a skiing holiday to celebrate Rajiv’s birthday, also gives tips on how to manage intergenerational succession in family businesses.
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Following the 2016 seizure and subsequent sale of Crane Bank, a bank where Dr. Sudhir Ruparelia was the second biggest majority shareholder, the businessman put up a spirited quest for justice. This 2019 he secured several wins, not just for himself alone but for several other shareholders who had lost their banks in a similar manner. Regardless of the closure of the bank, the businessman has steadied course focusing most of his energies in real estate, hospitality, education and philanthropy. For this and more, he has been named the CEO EA Magazine’s Business Person of the Year, 2019.
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The Ruparelia Group Chairman and Meera Investments Managing Director, Dr. Sudhir Ruparelia, has declined to appear before Parliament’s Committee on Statutory Authorities and State Enterprises (COSASE) investigating acquisition of properties…
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It was joy and celebrations today at Kampala Parents School, as the Ruparelia Group saw off its Primary 7 pupils who have just completed their Primary Leaving Examinations (PLE).In total,…
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The Ruparelias are one of the most successful and influential Indian-Ugandan families in East Africa whose success and history is intertwined with that of Uganda. Their legacy and heritage in Uganda spans over 116 years. A self-made billionaire entrepreneur, Dr. Sudhir Ruparelia was born in Uganda in 1956 in Kasese, Western Uganda. His great-grandfather reached Mombasa, Kenya in 1897 from India and set up a trading store there before coming to Uganda in 1903. His grandfather was born in Uganda in 1918 and his father in 1932.
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The total assets of Uganda’s financial services industry reached UGX.45.81 trillion, or 44.3 percent of Uganda’s GDP, as at end December 2018.The banking sector, dominated 69% of these assets, followed…
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Pupils of Buwama Primary School board a dug-out canoe to school on Lake Bunyonyi, the second deepest lake in Africa. Several children have drowned in the process of seeking education….
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At 63 years, billionaire Dr Sudhir’s impeccable youthful sense of style has caught the eyes of every style conscious person in Kampala. He granted our CEO Lifestyle reporter a few…
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A few days ago, a photo of billionaire (in dollars) Dr. Sudhir Ruparelia almost broke the internet- for the rarest of reasons; his fashion sense.While officially inaugurating his latest $10…
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