Saturday, September 21, 2024

Paul Mungai: this is how I started a Sh. 350 million company

Paul Mungai: this is how I started a Sh. 350 million company

He went ahead and did two other letters to his former boss and mentor who was a bit uneasy letting off his prized asset leave. The father of three was keen, however, to leave a legacy.

“In the future and I have been thinking about it, I need to show my years work and build an empire for my children and create work opportunities for young people, especially those who have just left campus.

It has to be tangible and visible anyway,’’ he adds. Early in the year after a bit of push and pull, Mungai joined Benson Gakere as a partner in 2013 and founded TopChoice Surveillance Limited, a company dealing in security systems.

Co-Op post

As the Managing Director, Mungai and his colleagues have transformed the face of the firm since relaunch in March 2015.

The IT firm is estimated to be currently valued at Sh350 million with 2015 projections having a sales turnover of Sh500 million.

From 11 employees to 50, and now two offices, the firm has huge ambitions to be listed at the Nairobi Stock Exchange in the near future.

NCBA

Top Choice through the business networks of Mungai has already sealed big money deals with Equity Bank regionally, National Transport Safety Authority, East Africa Breweries Limited, Grain Bulk Handlers and National Bank of Kenya.

Mungai adds: “We are going to be adding value through advisory services, trainings and workshops so that all stakeholders understand the relevance and importance of security systems.’’

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