User:Yash choksi/sandbox

Introduction
Narendra raval is a billionaire who is born and brought up in india but went as a assistant of a preist to kenya and further went on to become a billionaire. he has many companies working under him, one of which is devki steel , Devki Group of Companies has developed under the visionary leadership of Mr Narendra Raval, EBS, (Guru) over more than 3 decades. Beginning as a small trader of steel in the Gikomba area of Nairobi, Kenya, Devki Group has diversified into manufacturing of Steel, Roofing Sheets, Cement and providing aviation services, all of which operate through independent companies viz Devki Steel Mills Limited, MaishaMabati Mills Limited, National Cement Company Limited and Northwood Agencies Limited, which command their own brand image (Devki, Maisha, Simba) and market share in their respective segment of industry and market. Devki Group is poised to generate and supply electricity from both coal based and geothermal based sources through independent companies viz Devki Energy Company Limited and SosianMenengai Geothermal Power Limited. 

Early Life and Background
Narendra Raval was conceived in 1962, in Morbi town in Gujarat. They are two siblings and a sister. His dad has a little oil-motor extra part shop and his granddad was an instructor. Narendra Raval had learned at a school in maathak till class 5. At that point he moved to surendranagar at manav mandir vidhayalaya and he oversaw till class 7 in that school, than he moved to his maternal uncle's place to consider class 8. Not long after than he moved to bhuj. As he was a Brahman, so he took up as being right hand to cleric at swaminarayan sanctuary, alongside which he completed class 12 with trade.

Narendra Raval began his first business when he was in twelfth standard. One day, sanctuary mahant called him and disclosed to him that there was an earnest need of a cleric in Nairobi. He had decided, he didn't reconsider and said yes. For the following 3 years, narendra served at swaminarayan sanctuary at Nairobi.

At nairobi he married a girl from kenya and that turned the fortunes for him as he was expelled from his job and then started a job in the stell factory.

Mahendra patel, was steel manufacturer. He stayed at their house for one year, and he used to help mahendra patel’s father with his pooja. Soon, the patel’s separated and company shut down. Being a companion to dayabhai for one year, narendra had learned some nuances about the business and steel. Later on he met Neeta through their relatives, who is his wife now.

He opened his first shop in a small village in east Africa. He was the only Asian person over there. He saw people are suffering for shelter, when he come to shop every morning he find many people sleeping outside his shop. So he decided to do something for their betterment. Then he opened a small steel industry and sell them at cheaper prices for housing. At that time there was only one or two rolling mills so he ruled in monopoly.

In 1986, he was able to acquire the land and Devki steel mills was born. Initially he and his wife built a small room there and lived there. He started the production and put the products in market and at first shot they reduced price by 20%, not even a single product left unsold in his factory. His common sayings are, “you don’t have to be master to do the business”

Business Career
Once Raval left the temple, he started working as a labour at the steel factory situated in Nairobi where he was able to save enough money to start small steel processing store that he ran with his wife. Following it he expanded his business into roofing and fencing solutions for which he received a loan from a bank to set up a steel rolling mill. He and his wife eventually established the Devki Group of companies, a multi-dimensional and widely diversified organisation in East and Central Africa, which primarily deals in steel, cement, infrastructure and real estate.

Beginning as a small trader of steel in the Gikomba area of Nairobi, Kenya, Devki Group has diversified into manufacturing of Steel, Roofing Sheets, Cement and providing aviation services, all of which operate through independent companies viz Devki Steel Mills Limited, Maisha Mabati Mills Limited, National Cement Company Limited and Northwood Agencies Limited, which command their own brand image (Devki, Maisha, Simba) and market share in their respective segment of industry and market.

Devki Group has today come to be associated with professionalism, unrivalled superior products and close affiliations with various professional industry players that determines our image of honesty, integrity and reliability a rare combination of virtues in today’s business world.

It has also entered into the business of providing energy and electricity through independent companies, viz, Devki Energy Company Ltd and Sosian Menengai Geothermal Limited. It provides both Coal based and Geothermal based energy.

Narendra Raval has raised $97 million from the International Finance Corporation(IFC) to fund the construction of his new cement plants. IFC’s proposed investment is split into loans amounting to $90 million and equity of $7 million. The plants will be under the name of a company National Cements. Raval has invested additional $100 million of his funds into National Cement’s expansion. The plan will cost close to $200 million. Devki Group is the holding company of National Cement, it is also the Kenya’s largest local cement company. It is constructing two grinding plants in Uganda and Kenya. Company is also building an eight-megawatt power plant. When completed, company’s new plants will significantly increase the production output of the company and drive down cement prices, while creating the company’s position as East Africa’s leading cement manufacturer. The expansion will reportedly create around 300 new direct jobs in Kenya and 170 jobs in Uganda. The first plant, situated on a 20-hectare plot in Mariakani, Kilifi County, in Kenya’s coastal region will have a capacity to produce 750 million tonnes of cement per annum and the second plant with similar capacity will be located in Nakuru, northwest of Nairobi. “When we launched our operations six years ago, our goal was to reduce the cost of housing and it is being realized as we have managed to offer quality cement at $5 ex-factory compared to the then market price of $7 per 50-kilogram bag before our entry,” Raval said in an email message. Raval including his family owns 85% of National Cement’s equity while the remaining 15% share is held by IFC.