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Atul Shah
Atul Shah is a businessman and entrepreneur in Kenya, the largest economy in the East African Community. He is the Managing Director and Chief Executive Officer of the Nakumatt Holdings Limited, the parent company of Nakumatt Supermarkets, the largest, privately owned supermarket chain in the African Great Lakes area, with branches in Kenya, Uganda, Tanzania and Rwanda. , the retail chain maintained 50 stores in four countries, employed over 7,000 people and had annual sales in excess of US$650 million.
==Background and education==
He was born in Nandi Hills, Kenya in 1961. In 1965, when Atul was four years old, the family relocated to Nakuru. Atul's father, Mangalal Shah, who had migrated to Kenya from India in 1947, opened a retail clothing store opposite the Nakuru open air market. Atul' s older brother, Vimal started working in the business in 1970. In 1975 Mangalal began exporting clothing to Uganda, often on credit. Towards the end of 1976, with debtors behind on their payments and creditors demanding for their money, Atul's father declared bankruptcy, with total debts of KSh1.2 million. The store was closed and Mangalal went to work for his brother Hasmukh Shah, who then owned a shop called Nakuru Mattresses.
Following the closure of their father's business, Atul Shah and his brother, Vimal Shah opened a clothing store that they named Furmatts, which among other things, sold bed sheets which the brothers stitched at home. In 1978, due to booming business, supported by the 1970s coffee boom in East Africa, the two sons and their father managed to pay off the KSh1.2 million debt. They bought Nakuru Mattress from their uncle, who relocated to the United Kingdom.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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