Shri Krishana Overseas Limited (SKL) has announced its intention to list on the Nairobi Securities Exchange (NSE) under the SME/GEMS category. The company says plans to list are already at an advanced stage.
As the company prepares for this significant transition, it reaffirms its commitment to innovation, sustainability, and economic growth led by Managing Director Dr. Sonvir Singh and Financial Director Nirmal Chaudhary.
“We are honored to have you here today as we stand on the cusp of an important milestone in our company’s history. We are gathered not just to launch a business but to realize a vision—one rooted in sustainability, innovation, and a commitment to providing eco-friendly packaging solutions. Our journey has been one of hard work, dedication, and collaboration, and we look forward to making history together,” said Nirmal Chaudhary.
“We started with a turnover of KES 1.4 million in our first four months. Within a year, that number grew to KES 86 million—a remarkable 4,000% increase. By the second year, we doubled to KES 162 million, and by the third year, we hit KES 240 million. Even during the COVID-19 pandemic, we continued growing, reaching KES 320 million. Today, we are operating at nearly full capacity, and our expansion plans are in motion,” said Dr. Sonvir Singh.
Dr. Singh also detailed the company’s ambitious expansion project in Kajiado, where a new plant is under construction. “We acquired five acres of land in 2016 with expansion in mind. Now, with support from SBM Bank, we are at 70% completion of a new state-of-the-art plant featuring high-tech machinery customized for Kenya’s diverse industries. By mid-year, we project a production capacity of 24,000 tonnes of corrugated boxes, up from the current 2,400 tonnes.”
Frank Mwiti, CEO of the Nairobi Securities Exchange (NSE), underscored the importance of the listing. “The NSE is not here to replace banks—banks remain a crucial part of the financial sector. We complement each other. There is a reason why some of the biggest businesses in Kenya are listed on the NSE. As of Friday, our market capitalization stood at KES 1.9 trillion, and our bond market traded close to KES 1.2 trillion. The opportunities are immense, and liquidity is available to help businesses grow. However, our market is regulated—companies must ensure proper compliance, governance, independent board structures, and transparent reporting.”
Laikipia Governor James Irungu highlighted the economic impact of SKL’s move. “The decision to list on the NSE strengthens our economy and positively impacts the broader business community. It creates new avenues for innovation and industrial leadership. As a government, we are proud of SKL’s achievements and its contribution to local economic development. The company’s focus on sustainability, innovation, and community development aligns with Kenya’s values. We look forward to the opportunities that will emerge from this milestone.”
Related Content: Shri Krishana Overseas Set To List At The NSE
