Atul Shah

Nakumatt Supermarkets


Atul Shah 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. As of September 2014, the retail chain maintained 50 stores in four countries, employed over 7,000 people and had annual sales in excess of US$650 million.

In 2013, Atul Shah is reported to have valued shareholders’ equity in the retail chain at US$400 million. The privately owned family business does not publish its financial statements. However, given that the family is the majority shareholder, Atul Shah is one of Kenya’s wealthiest individuals.

Source : Wikipedia



Nakumatt close non-profitable outlets, freeze new hiring in cost-cutting strategy

The Star, Kenya - 1 month ago
Regional retailer Nakumatt Holdings has embarked on an accelerated restructuring programme aimed at cutting operational costs by Sh1.5 billion annually. Nakumatt Holdings managing director Atul Shah...

Kenya's biggest supermarket to close more branches as profit margins dwindle

TUKO.CO.KE - 1 month ago
Poor sales is once again haunting retail shopping giant Nakumatt Holdings following their announcement of shutting down more stores. ... No staff will lose their jobs as they will be absorbed into...

Nakumatt eyes Sh1.5bn savings in cost cutting drive

Citizen TV (press release) - 1 month ago
... with a number of suppliers holding back on supplying goods over unpaid dues. It is estimated that Nakumatt owes its suppliers up to Sh15 billion. Announcing the restructuring plan, Nakumatt...

Nakumatt to close Haile Selassie branch as part of 'restructuring'

Nairobi News (satire) (press release) (blog) - 1 month ago
Nakumatt will closed down its Haile Selassie branch as part of cost cutting strategy to save Sh1.5 billion annually. Nakumatt Holdings Managing Director, Atul Shah, confirmed the struggling Nakumatt...

Nakumatt to close Haile Selassie branch in restructuring

Capital FM Kenya (press release) (blog) - 1 month ago
We have also embarked on a shelf stocks optimisation programme to enable us retain a lean variety of profitable retail products,” said Nakumatt Holdings Managing Director Atul Shah. Alongside...

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Professional Details

Designation MD & CEO
Company Nakumatt Supermarkets
Net Worth $400 million
Country Kenya
  1. Harold Christian said on October 5, 2016 10:29 am:

    Will be visiting Kenya in December would like to meet with all major chain stores department and super market to present my product catalog and product proposal personally