KAMPALA — City tycoon Sudhir Ruparelia has acquired Simbamanyo House—located at Plot 2 Lumumba Avenue after he emerged the highest bidder in Equity Bank mortgage process. These structures include Bauman House located on Plot 1, Parliamentary Avenue and Crane Chambers on Plot 38, Kampala Road. Police summons to Sudhir Ruparelia. Sudhir Ruparelia returned from the UK in 1985 to build Uganda’s largest property holding company. Nelson Lukozi is a 55 year resident of Bunga in Makindye, Kampala and he says his land and property located on Market Street Plot 19 which houses his building Platinum House was fraudulently sold off to Sudhir Ruparelia behind his back, a connivance that was masterminded by Simba Telecom supremo Patrick Bitature. Last year, Equity Bank sold Simbamanyo house to Meera Investments Limited, a company owned by city businessman Dr.Sudhir Ruparelia at $5 (sh18.5b) after Kamya failed to clear sh38.6b debt. Equity Bank announced the development in an October 8, 2020 notice to all tenants. One of the affected buildings is the strategically located City Center house off Kampala road. Dr Sudhir Ruparelia is one of the most successful businessmen in the Pearl. This is the official Facebook page for Dr. Sudhir Ruparelia. By the end of the exercise, Museveni had collected Shs 16bn, … Sudhir Ruparelia (born 17 January 1956) is an Ugandan business magnate and investor of Indian origin. Sudhir acquires Simbamanyo building. His investments are mainly in the areas of banking, insurance, education, broadcasting, real estate, floriculture, hotels, and resorts. As he remains the richest Ugandan, he is largely associated with investment dealings in sectors including real estate, broadcasting, education, insurance, and banking. Last month Sudhir joined the accumulating number of Ugandans who have already taken the COVID jab as […] The proprietor of Simbamanyo Estates, Peter Kamya, a city architect, has accused the High Court Commercial Division Deputy Registrar Lilllian Bucyana, of alleged colluding with Equity Bank, Sudhir Ruparelia and others to grab his property. A very sinister plot that was hatched between city businessmen Sudhir Ruparelia of Meera Investments Limited, Ronald Luwangula of Luwaluwa Investments and officials of Equity Bank to grab property belonging to Simbamanyo Estates has finally been exposed. All tenants have been notified about the changes in ownership at the property that had been mortgaged by their former landlord with Equity Bank Ltd. The Kampala Dubai Mall, as it will be known, will completely change the skyline of the city. Sudhir Ruparelia, Chairman of Meera Investments Limited. She added that even for his wife and house, he had to lick Sudhir Ruparelia’s feet to be able to afford to marry her. Last year, Sudhir sued the media house arguing that they had defamed him when they published two articles on their websites www.chimpreports.com. By Keefa Nuwahereza Tenants at Simbamanyo House inn Kampala are on tenterhooks after they learnt that tycoon Sudhir Ruparelia has built the building comprised in LRV Folio 3 Plot 2, Lumumba Avenue Simbamanyo House from Equity Bank. EXCLUSIVE REPORT: Dr. Sudhir Ruparelia is an Ugandan business magnate and investor of Indian origin. Indians in a group photo with President Museveni at the State House (PHOTO/Courtesy). East African property Mogul, H.E Sudhir Ruparelia and the head of the Indian Association in Uganda Mohan Rao have applauded President Yoweri Museveni for the stable leadership he has demonstrated by leading the country for the last three decades. Nelson Lukozi 55, a resident of Bunga in Makindye, Kampala says his land and property located on Market Street Plot 19 which houses his building Platinum House was fraudulently sold off to Sudhir Ruparelia behind his back, a connivance that was … Sudhir Ruparelia born in 1956 is a Ugandan property mogul of Indian origin.Without a doubt, he is the richest man in Uganda and arguably East Africa's richest.He has invested in banking,insurance,education,real estate,hotels and resorts. By Chimp Investigation Team Parliament has adopted an investigation report recommending the transfer of ownership of Sudhir Ruparelia’s prime buildings in Kampala to government. Advocates, accuses Equity Bank of allegedly colluding with other people to sell his properties to Sudhir Ruparelia’s Meera Investments and Ronald Luwangula’s Luwaluwa Investments respectively, after […] Sudhir. He has interests in banking, real estate, hospitality, communication, floriculture, insurance and education, among others, in Uganda, Rwanda, the UK, UAE and South Sudan. Tycoon Sudhir Ruparelia Meera Investments Ltd owned by property mogul, Sudhir Ruparelia has acquired Simbamanyo House in the central business district at a cost of $5m (Shs18.51bn). The description made on Saturday at State House Entebbe during a meeting between President Yoweri Kaguta […] Overview. In fact he has been profiled by the World’s most prominent Magazines as Africa’s Business leaders. Sudhir Ruparelia’s income source is mostly from being a successful Businessman. Equity Bank Uganda has Friday announced that Meera Investments Limited, a company owned by businessman Sudhir Ruparelia, is now the rightful owner of Simbamanyo House located at Plot 2 Lumumba Avenue. Sudhir owns a house worth USD10 million, located on Plot 9, Kawalya-Kaggwa Close in lower Kololo. East African Richman, Sudhir Ruparelia and the head of the Indian Association in Uganda Mohan Rao have commended President Yoweri Museveni for the able leadership he has demonstrated by leading the country for the last three decades. He has interests in banking, real estate, hospitality, media, floriculture, insurance and education. Kampala’s biggest property owner, tycoon Sudhir Ruparelia has acquired Simbamanyo House in the central business district at a cost of $5m (Shs18.5b). The businessman is a symbol of financial success. “Salvado your a lugbara and you say I was sleeping at your sister’s place yet my landlady was a Muganda. Rosebud Limited, the largest exporter of Sweetheart cut, is a flagship company of Ruparelia Group of companies owned and managed by Dr. Sudhir Ruparelia. The head of the Indian Association in Uganda Mohan Rao praised Museveni […] KAA HOUSE, Plot 41 Nakasero Road. Moreover, Sudhir Ruparelia is regarded as a renowned and fortunate tycoon who rose from a mere business enterprise which he set up with a meagre sum of $25,000. Sudhir Ruparelia's House in Kololo, Uganda (Google Maps) By Mable Nakibuuka. Meera Investments Limited bought the building at $5 million about (Shs18.5 billion) In a letter dated October 8, from Equity Bank Limited to all tenants of Simbamanyo House, the bank informed them of change of management after the public was purchased through public bidding. Sudhir’s Meera Enterprises emerged highest bidder when the building was put up on auction by Equity Bank through public bidding, with the process concluded yesterday. This is the building accommodating the Ministry of Gender, Labour and Social Development in the city centre along Lumumba Avenue. He is the chairman and majority shareholder in the companies of the Ruparelia Group. Our team reached out to the business mogul and we had quite an insightful one-on-one. In March this year, Sudhir was appointed the Honorary Consul […] The beginnings of Crane Bank were modest. The guest would then take the microphone and declare a donation to the ruling party. Are you curious about the size of his bedroom? Ruparelia, who is known to handle Museveni’s businesses, apparently is paying money to a Uganda’s Chieftaincy of Military of Intelligence (CMI) agent, Titus Seruga aka Serubwa. He is the chairman and majority shareholder in the companies of the Ruparelia Group. – Dr. Sudhir Ruparelia In 1972, the so-called Ugandan Asians walked the streets of Kampala in fear. Sudhir Ruparelia (born 17 January 1956) is an Ugandan business magnate and investor of Indian origin. He worked several odd jobs, and even attempted to join the UK armed forces. October 9, 2020 AGENCIES Kampala – Business mogul Sudhir Ruparelia has acquired Simbamanyo House in the central business district at a cost of $5m (UGX18.5b). The Ruparelia Group owned by city property mogul Sudhir Ruparelia has joined the lucrative external job recruitment business with a promise to send out thousands of job seeking Ugandans into a secure World place of work especially the Middle East we have reliably established. “All properties whose repossession were recalled by the Minister … The High Court Commercial Division on February 19th, 2021 dismissed the suit by Simbamanyo Estates Limited in which city architect Peter Kamya, through his lawyers of Muwema & Co. She added that even for his wife and house, he had to lick Sudhir Ruparelia’s feet to be able to afford to marry her. Sudhir Ruparelia is the founder of Ruparelia Group, one of Uganda's largest conglomerates. Officially, Dr Sudhir Ruparelia’s home, is called The Ruparelia Residence. The current house sits on Plot 9 Kawalya Kaggwa Road. Sudhir bought the property in 1990 at a cost of USD200,000 and paid in instalments. The old house would later be brought down to pave way for the new Ruparelia Residence. The house has 4 levels. Sudhir Ruparelia is the most successful businessmen in Uganda today. Kampala Assosiated Advocates. Kampala businessman and property mogul Sudhir Ruparelia has acquired Simbamanyo House, the building accommodating the Ministry of Gender, Labour and The development was announced in an October 8, 2020 notice to all tenants by Equity Bank that Sudhir’s Meera Investments Limited had acquired the building through […] The building which houses the Ministry of Gender offices, Kampala Imaging Centre among others was initially owned by Simbamanyo … The State House Health Monitoring Unit has opened investigations into laboratories that issue fake COVID-19 results. “Salvado your a lugbara and you say I was sleeping at your sister’s place yet my landlady was a Muganda. By Mable Nakibuuka. President Yoweri Museveni and the Indian association at State House yesterday. As of February 2018, Ruparelia Group is mainly involved in education, real estate development and management, hotels, resorts, floriculture and broadcasting. R enown Kampala businessman and property Billionaire Sudhir Ruparelia has acquired Simbamanyo House. Posted on October 9, 2020 Business mogul Sudhir Ruparelia has acquired Simbamanyo House in the central business district at a cost of $5m (UGX18.5b). City tycoon Sudhir Ruparelia has been named Africa’s 18 th richest man by Forbes and valued at $900 million.. Today, Sudhir is one of the most successful […] He is the chairman and majority shareholder in the companies of the Ruparelia Group. By Chimp Investigation Team Parliament has adopted an investigation report recommending the transfer of ownership of Sudhir Ruparelia’s prime buildings in Kam Long Read: Parliament Tells Gov’t to Take Ownership of Sudhir Ruparelia’s Bauman House - Weblog title I made some good money and bought my first house in the UK as early as 1975. Information available indicates that the said building was taken over on the 8th of October 2020 at a mere sh18 bn against a debt of sh38 bn. The case involving the grabbing of Simbamanyo House and Pearl Afrique Suites has taken a different twist after it emerged that Equity Bank and Sudhir Ruparelia of Meera Investments Limited, allegedly connived to grab the property after the bank purportedly auctioned the same to Sudhir. Uganda’s President Yoweri Museveni has said that Ruparelia’s real estate concerns rake in as much money as the entire country earns from exporting tea and coffee –about $400 million a year.Some of his assets include the landmark Crane Towers located in Kampala’s central business district and the prestigious City House, home to the offices for 150 of Uganda’s Members of Parliament. Ruparelia Group Joins Job Recruitment Sector. Sudhir Ruparelia and NRM chairman Museveni For two days last week, President Museveni and First Lady Janet stood at the steps of State House Entebbe and invited one businessman/woman after another for for a handshake. Sudhir Ruparelia, a Ugandan business tycoon is financing hate speech and online terrorism. Sudhir Ruparelia and Meera Investment Limited, filed in the High Court on the 30 June 2017 and pending hearing.” Lastly, they wrote: “The question of the alleged mismanagement of Crane Bank Limited is also subject of High Court Civil Suit No. The Asian businessmen together with Investment Minister Evelyn Anite and NRM Presidential Candidate discussed how to add on the social economic development. According to Forbes Africa, Sudhri's net-worth was estimated at 1.2 billion US dollars in 2019.When Idi Amin, a former Ugandan president,expelled … MUNYONYO: The return of the Kampala Goat Race was spectacular, colourful, fun filled, fashionable while merry-went-round, at Speke Resort Munyonyo over the weekend. Kampala High Court has dismissed with costs an application by businessman Sudhir Ruparelia seeking to block popular Ugandan news website, ChimpReports.com from publishing articles about him. His investments are mainly in the areas of banking, insurance, education, broadcasting, real … The tycoon, valued at $1.1bn by Forbes razed his Kololo house to the ground and decided to rebuild a new one of palatial proportions, fitting of his status. His story is inspirational because Dr. Sudhir Ruparelia is a self-made billionaire, having rose from doing humble jobs from supermarket attendant, taxi driver in the United Kingdom to shopkeeper in Kampala back in 1985. Sudhir acquired the building through the investment arm of the Ruparelia Group of Companies in a public auction by Equity Ban. Some of his friends supposedly started distancing themselves from him. His investments are mainly in the areas of banking, insurance, education, broadcasting, real estate, floriculture, hotels, and resorts. The farm has steel structures and a 100% Hydroponics system supported by a fully automatic centralized irrigation system.The farm produces approximately 40% of total Ugandan flower exports. He is Africa’s number 24th wealthiest individual. A group of Indian investors led by tycoon Sudhir Ruparelia have met President Yoweri Kaguta Museveni at Entebbe State House on Sunday. The proprietor of Simbamanyo Estates, Peter Kamya, a city architect, has accused the High Court Commercial Division Deputy Registrar Lilllian Bucyana, of alleged colluding with Equity Bank, Sudhir Ruparelia and others to grab his property. We act for and on behalf of Dr Sudhir Ruparelia and Meera Investments Limited. These structures include Bauman House located on Plot 1, Parliamentary Avenue and Crane Chambers on Plot 38, Kampala Road. The central bank did not keep its side of the bargain, his lawyers will argue -- if the suit comes to trial. February 24, 2021. The company owns a commercial bank, a string of hotels and country clubs and more than 200 commercial properties. He started building his empire in Uganda in 1985 after returning from the United Kingdom, when he went after being expelled from Uganda by then President Idi Amin in 1972 along with the other Asians in the country. Photo credit, PPU. By Chimp Investigation Team Parliament has adopted an investigation report recommending the transfer of ownership of Sudhir Ruparelia’s prime buildings in Kampala to government. Many have passed by The Ruparelia Residence, but only a few have seen the interior. So, how much is Sudhir Ruparelia worth at the age of 64 years old? Sudhir Ruparelia Net Worth. City businessmen Sudhir Ruparelia of Meera Investments Ltd has been summoned to police together with Ronald Luwangula aka Luwaluwa Investments Ltd, to record statements over allegations that they illegally took over properties belonging to City Architect Peter Kamya, which they claimed to have bought from Equity Bank during an auction. Property Mogul Sudhir Ruparelia is now the new landlord for Simbamanyo House, accommodating the Ministry of Gender, Labour and Social Development (MoGLSD) in Kampala. City businessmen Sudhir Ruparelia of Meera Investments Ltd, has been summoned to police together with Ronald Luwangula aka Luwaluwa Investments, to record statements over allegations that they illegally took over properties belonging to City Architect Peter Kamya, which they claimed to have bought from Equity Bank during an auction. Recently, president Museveni reportedly held a meeting over Crane Bank – BoU saga at State House. 27 talking about this. More by this Author. On its heels came the COVID-19 pandemic Lockdown that hit his MICE business, in which he towers, ground to a halt in March 2020. Sudhir Ruparelia's House in Kololo, Uganda - Virtual Globetrotting Virtual Globetrotting The Court of Appeal has dismissed an appeal and upheld the decision of the High Court in the suit filed by Bank of Uganda, on behalf of Crane Bank Ltd (in receivership), against Sudhir Ruparelia and Meera Investments Ltd. According to Forbes in 2019, he was the wealthiest individual in Uganda, with an estimated net worth of US$1.2 billion. On 20 October 2016, the Bank of Uganda, which regulates all banks in Uganda, took control of Crane Bank, the largest subsidiary of the Ruparelia Group, due to a significant decline in capital and potential run on the bank. The mention of the name, Sudhir is synonymous with money, wealth. Sudhir Ruparelia is a Ugandan business magnate and investor, chairman of the Ruparelia Group. Property kingpin Sudhir Ruparelia hopes to convince the judge hearing Bank of Uganda’s nearly Shs 400 billion lawsuit against him that he does not owe anything under a settlement agreement he signed early this year. 576 of 2017 - Amos Nzeyi and another Vs Bank of Uganda, Crane Bank His net worth has been growing significantly in 2019-2020. City architect Peter Kamya, who owns Simbamanyo House and Afrique Suites, through his lawyers of Muwema & Co. Our attention has been drawn to a press release issued by Bank of Uganda on 30th June 2020. ADVERTISEMENT Equity Bank Limited then wrote to the […] He is from . We know Dr. Sudhir Ruparelia’s Crane Management Services has in the last decade put up a series of landmark buildings and multi-billion-shilling towers across Kampala as more cranes and scaffolding creep slowly upwards on other strategic sites. Business mogul Sudhir Ruparelia is now struggling to fill up empty buildings in the city center that have been vacated by tenants who have been kicked out of business by the pandemic. East African property Mogul, H.E Sudhir Ruparelia and the head of the Indian Association in Uganda Mohan Rao have applauded President Yoweri Museveni for the stable leadership he has demonstrated by leading the country for the last three decades. The assistant director communications and Public Affairs at parliament, Helen Nanteza Kawesa has revealed that parliament has secured one wing at the multi billion Kingdom Kampala mall and shopping complex to house upto 323 MPs offices at UGX 800M monthly. This was after ChimpReports published stories under the headline: ‘MPs resolve to arrest Sudhir Ruparelia’ and ‘MPs to grill Sudhir Ruparelia over suspected dubious acquisition of 32 prime … The tycoon and his family have lived at his Kabira Country Club all this long as works on his house valued at 6 billion were going on. Premier Recruitment Ltd is owned by Sudhir Ruparelia Written by URN Security officers at Entebbe International airport on Sunday removed 40 migrant workers from a Qatar Airways flight just moments before take-off over alleged fake Covid-19 vaccination cards. The Civil Division of the High Court in Kampala, has thrown out a defamation case filed by tycoon Sudhir Ruparelia against online media house Chimpreports. Sudhir Ruparelia’s 6 billion Mansion in Kololo is complete. Sudhir Ruparelia is the richest man in East Africa and he is putting final touches to his residence, that will be the best in the region and many parts of Europe and the US upon completion. Dr. Sudhir Ruparelia and Mrs. Jyotsna Ruparelia established Ruparelia Foundation in 2012 with a vision to create a positive and transformative change in the community, on a simple belief that we can achieve a lot when we work together. The Ruparelia Group owned by city property mogul Sudhir Ruparelia has joined the lucrative external job recruitment business with a promise to send out thousands of job seeking Ugandans into a secure World place of work especially the Middle East we have reliably established. By Mable Nakibuuka. KAMPALA – The Indian Association Uganda has elected new members to its Board of Trustees Tycoon Sudhir Ruparelia who was first elected to serve on the board in 2019, retained his position as the association elected seven members in Kampala on Sunday. The migrant workers all under Premier Recruitment Ltd, had already boarded but were asked to disembark from… PHOTO BY AYIGA ONDOGA. Many had written him off. Uganda’s President Yoweri Museveni has said that Ruparelia’s real estate concerns rake in as much money as the entire country earns from exporting tea and coffee –about $400 million a year.Some of his assets include the landmark Crane Towers located in Kampala’s central business district and the prestigious City House, home to the offices for 150 of Uganda’s Members of Parliament. His investments are mainly in the areas of banking, insurance, education, broadcasting, real estate, floriculture, hotels, and resorts. As of February 2018, Ruparelia Group is mainly involved in education, real estate development and management, hotels, resorts, floriculture and broadcasting. First skirmishes played out in the Commercial court on Wednesday. Simbamanyo House on Lumumba Avenue. In the aftermath of Crane Bank closure and later the Forex Bureau’s, city mogul Sudhir Ruparelia (SR) seemed to have lost it all. Sudhir Ruparelia (born 17 January 1956) is a Ugandan business magnate and investor. … We are told that Sudhir’s wife kept kept changing architects in order to get an exclusive home and the final product is truly worth it. You just looking for a comeback from me and luckily I have handed it to you. After emerging from Luzira, Sudhir started rebuilding his business networks, went into property, insurance and finally banking, setting up Crane Bank. Sudhir Ruparelia. Dr Sudhir Ruparelia is one of the most successful businessmen in Uganda today and arguably one of the richest men in Africa. According to reliable sources, there is an emerging revelation of how Sudhir's Meera Investments limited has taken over Simbamanyo House under unclear circumstances. Sudhir Ruparelia's House (Google Maps). The list this year is led by Nigeria’s Aliko Dangote for the second year running, with a net worth of $12 billion, up from $10.1 billion in November 2011. The building had been put up on sale by Equity Bank to recover loans advanced to the owners. The building which houses the Ministry of Gender offices, Kampala Imaging Centre among others was initially owned by Simbamanyo Estates Limited, an entity owned by businessman … We have estimated Sudhir Ruparelia’s net worth, money, salary, income, and assets. Entebbe Post Sudhir Ruparelia. Billionaire businessman Dr. Sudhir Ruparelia has today received his second shot of the AstraZeneca vaccine from UMC Victoria Hospital, the first private hospital to be accredited by the Ministry of Health to administer the Oxford AstraZeneca COVID-19 Vaccines. About his House After a six-year break, the event that used to be organised by tycoon Sudhir Ruparelia got renewed energy with daughter Sheena taking up the mantle in partnership with Tusker Malt Lager. February 24, 2021. 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