Who Owns Devki Group of Companies

Devki Group of Companies is one of Kenya’s industrial giants, having made substantial investments across various sectors of the economy.

The company plays a key role in job creation, providing thousands of direct and indirect employment opportunities to Kenyans.

Across all sectors, Devki has become a massive employer. With over 6,500 direct employees and thousands more benefiting indirectly, the company also runs training programs to upskill Kenyan workers, strengthening the country’s human capital in technical and industrial fields.

But recent political rhetoric has thrust this successful homegrown conglomerate into a storm of controversy, raising questions about the safety of private investments in Kenya.

Who Owns Devki Group of Companies?

Devki Group of Companies is owned by Dr. Narendra Raval, a self-made entrepreneur who built his empire from humble beginnings. Popularly known as “Guru,” Raval is widely respected not only for his business acumen but also for his philanthropic efforts.

Under his leadership, Devki has grown into a powerhouse with interests in cement production, steel manufacturing, and aviation, among other industries.

His contribution to the Kenyan economy is undeniable. From providing employment to empowering local suppliers, Devki’s impact has been felt across the country. It’s a true story of local investment driving national development.

Devki’s Investments Across Key Sectors in Kenya

Over the years, Devki Group of Companies has strategically expanded its footprint across multiple sectors that are critical to Kenya’s economic growth. Here’s a breakdown of their major investments:

1. Cement Manufacturing

Devki owns National Cement Company, the producer of the popular Simba Cement brand. With cement plants in Athi River, Lukenya, and Emali, the company plays a pivotal role in Kenya’s infrastructure and construction sector. These plants supply cement for roads, homes, bridges, and key government projects.

2. Steel Production

Through Devki Steel Mills, the company operates one of the largest steel manufacturing plants in East and Central Africa.

The plant produces reinforcement bars (rebar), nails, and other construction-grade steel products. This supports local manufacturing, housing, and the growing demand for affordable construction materials.

3. Energy

Devki has invested heavily in self-sustaining energy generation through captive power plants, especially in its steel and cement operations. This reduces reliance on the national grid and promotes efficient, uninterrupted industrial production.

4. Aviation

Devki owns Northwood Aviation, which provides air services primarily for business use. The company has also made philanthropic contributions in this space, including offering free air ambulance services for emergencies.

5. Industrial and Infrastructure Development

Beyond raw materials, Devki supports Kenya’s industrial ecosystem by investing in factory technology, local sourcing, and research & development. The group actively empowers small and medium-scale suppliers and contractors.

The Candles the Company Finds Itself In

Despite its accomplishments, Devki Group now finds itself caught in a political firestorm. Former Deputy President Rigathi Gachagua recently launched a harsh public attack against the company, casting aspersions on its operations and reputation.

The motive behind Gachagua’s criticism remains unclear, but the implications are profound.

Such an attack on a major investor sends a chilling message to both local and foreign investors: that political whims can override business interests.

It raises serious concerns about Kenya’s investment climate, particularly at a time when the country is desperate for economic recovery and growth.

A Threat to Economic Stability?

If Devki were to exit the Kenyan market in response to such hostility, the consequences would be devastating. Thousands of jobs would be lost, affecting not just employees but also entire families who depend on their incomes. The ripple effect on local communities, suppliers, and the overall economy would be far-reaching.

Would Gachagua be willing to shoulder the responsibility for the collapse of livelihoods and increased poverty that would follow such an exodus?

It’s a moment that calls for reflection. Political leaders must recognize the crucial role that private enterprises play in national development.

The current attack on Devki is not just a smear against one company—it’s a blow to investor confidence and Kenya’s economic future.

Conclusion

Devki Group of Companies has stood as a beacon of local industrial success. Instead of vilifying such pillars of the economy, the government should be doing everything possible to support and protect them.

Kenya cannot afford to lose businesses like Devki to political ego wars. The stakes are too high, and the people who suffer most are the ordinary citizens whose lives depend on these companies.

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