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3rd Generation Succession: Is Sagar Keshwala the Heir Apparent to the Multibillion-Dollar Keshwala Group? As one of Uganda’s largest privately held conglomerates prepares for a third-generation transition, the Keshwala Group is navigating a carefully phased succession plan. From its roots as a textile shop in 1950s Jinja to a diversified industrial and distribution powerhouse, the Group is now positioning Managing Director Sagar Keshwala to lead the next chapter — building on the legacy of his grandfather, Viram Giga Keshwala, and the expansive leadership of his father, Ranmal Viram Keshwala.

Keshwala Group of Companies has grown into one of East Africa’s most formidable family-run conglomerates. At its helm stand two visionaries — Ranmal Viram Keshwala, the architect of expansion, and his son Sagar Keshwala, the modernizer with a future-forward mindset.

The Keshwala Group, one of Uganda’s largest privately held conglomerates, is undergoing a leadership transition that marks its third generation of family stewardship. Established in the 1950s as a small textile outlet in Jinja, the Group has evolved into a diversified business spanning manufacturing, logistics, steel, packaging, and distribution, with a presence across Uganda and the East African region. At the center of the transition is Sagar Keshwala, currently Managing Director, who is widely seen as the next-generation leader poised to carry forward the vision set by his grandfather, Viram Giga Keshwala, and significantly expanded by his father, Ranmal Viram…

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About the Author

Paul Murungi is a Ugandan Business Journalist with extensive financial journalism training from institutions in South Africa, London (UK), Ghana, Tanzania, and Uganda. His coverage focuses on groundbreaking stories across the East African region with a focus on ICT, Energy, Oil and Gas, Mining, Companies, Capital and Financial markets, and the General Economy.

His body of work has contributed to policy change in private and public companies.

Paul has so far won five continental awards at the Sanlam Group Awards for Excellence in Financial Journalism in Johannesburg, South Africa, and several Uganda national journalism awards for his articles on business and technology at the ACME Awards.

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