Tycoon Sudhir To Tip Ugandans On Real Estate Investment At URA’s e-Bomba Summit

Tycoon Sudhir To Tip Ugandans On Real Estate Investment At URA’s e-Bomba Summit

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By Spy Uganda

Kampala: Uganda Revenue Authority (URA) has kicked off the third edition of the ‘e-bomba ya business’ summits with discussions on business survival in the aftermath of the Covid-19 pandemic’s consequences.

Among the key discussants include Uganda unbeatable mogul Sudhir Ruparelia who will join tomorrow’s panel to discuss -“Real Estate as a business and how is it different from simply owning a Real Estate”.

According to URA, the month-long virtual engagements are designed to educate business owners about financial growth and voluntary compliance, and they’ve been combined with skills to help organizations succeed in the new normal.

Meanwhile, let’s look at secrets behind Sudhir that we think triggered URA to choose him for the above topic;

Dr Sudhir Ruparelia is the founder and Chairman of the Ruparelia Group, one of Uganda’s largest business conglomerates with investments in financial services, real estate, education services, hospitality, agriculture, and media/broadcasting.

He is also the Honorary Consul, of the Federal Democratic Republic of Nepal to Uganda.

A true definition of a self-made billionaire entrepreneur Sudhir was born in Uganda in 1956. In 1972 having relocated to the United Kingdom with his family he completed his O and A levels before working at various companies as an accountant.

He returned to Uganda in 1985 having amassed savings of only 65 million UGX, he and his wife have built the Ruparelia Group into an over $1.1 billion conglomerate.

Through the Ruparelia Foundation Group a foundation established in 2012, they are regular and substantial supporters of various corporate social activities in sports, healthcare, arts and culture, heritage and religion, environmental and wildlife conservation, agricultural research, education and talent development.

He is also the Chairman of Meera Investments Limited the property development arm of the Ruparelia group. Its goal is to feed the unmet need for affordable yet modern residential and working space for a fast-growing Ugandan economy that was emerging from years of war and underinvestment in the real estate sector.

Meera Investments is now the largest developer of commercial and residential space, with over 300 properties in Kampala and other major towns like Mukono, Jinja, Mbale and Mbarara. Meera also has the largest number of ongoing real state projects and is the largest private owner of commercial land in Kampala.

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