The young Kenyan-based business Group, has interests in Paper Manufacturing, Banking and Finance , Energy, Real Estate, and Commodity Trading sectors. DMC Group, is named in honour of Dinesh Maganlal Chandaria, the eldest son of the Founding Member and Chairman, Dr. Maganlal Motichand Chandaria. Having steered the Group to success, Dr.M.M. Chandaria has handed over the mantle of leadership to his three grandsons, Amit Chandaria, Hetul Chandaria and Bhavnish Chandaria. The handover is of paramount importance to DMC Group, as it comes at a time when Kenya and the East African region is going through a dynamic transformation in infrastructure, technology, and real estate development; and the discovery and utilisation of oil, gas and mineral resources.
DMC Group, based on its diversity is well positioned to tap into the potential of these opportunities presented by the region’s growth and more so, investments into Vision 2030 flagship projects. DMC Group, through its investments in the various sectors is now strategically poised to contribute more to the Country’s and regional economic growth, employment and wealth creation.From humble beginnings DMC Group has transformed itself from a family-the Group has transformed itself from a family run business to a professional Corporate Management Structure run business outfit to a professional Corporate Management Structure. This has given the Group a strong foundation to take advantage of expertise, enhanced efficiency, and the ability adapt to change in a fast moving business environment.
To adhere to the Corporate Governance policies put in place, the Board has categorised the companies within the Group into 3 divisions namely:
· Banking and Finance
· Energy, Real estate and commodity trading
We shall continually build quality in all our processes and procedures in order to provide maximum confidence to our clients on our products. Further, we shall invest in our Human Capital in order to harness their talent. We ensure that all stakeholder interests are met and improve shareholder wealth through building value in the build and sustain Company value.
To become and sustain being Number 1 in quality and the dominant tissue and Kraft paper manufacturer in the Kenyan market.
East African Paper Mills and Transafrica Paper Mills Ltd are committed to leading the industry in minimizing the impact of its activities on the environment.
The key points of its strategy to achieve this are:
• Minimize waste by evaluating operations and ensuring they are as efficient as possible.
• Actively promote recycling both internally and amongst its customers and suppliers.
• Comply with all applicable laws, regulations and permits and implement programs and procedures to assure compliance.
• Employ procedures and systems designed to prevent activities or conditions that pose threats to the environment.
• Communicate our commitment to environmental protection to our employees, suppliers and customers and ask their help in meeting our goals.
• Will continuously seek opportunities to improve our understanding and adherence to these principles.
East African paper mills and Transafrica Paper Mills Ltd proudly pronounce our personal commitment to understand, meet and, when possible, exceed our Customer’s Requirements through the continuous improvement of our processes. We are dedicated to delivering defect-free product on-time at the most competitive cost possible.
We subscribe to continuous improvement in all that we do and strive to ensure dependable customer service now and in future.
We endeavor to meet our quality commitment by:-
• Knowing who our customers are with a complete understanding of their requirements through open communication.
• Continually investing in our people through training and education to develop expertise and professionalism.
• Making continuous improvement a part of every day and each operation through measurement and team participation in defect prevention and problem solving.
• Procuring raw materials and outside processes from reputable suppliers only.
• Reviewing this policy on a regular basis to ensure the content stays current and relevant to our operations and our customer’s needs.
Chairman – DMC Group
Dr. M.M. Chandaria, is the founder and Chairman of the group.Having steered the Group to success, he was recognized and conferred an Honorary Degree of Doctor of Philosophy in Humanities by the United Graduate College, USA in December 2013. He was honored with “A Life Time Achievement Award – 2014” for his contribution to the Banking Industry through Guardian Bank. He is a philanthropist, having donated vast contributions to various projects and to M. M. Chandaria Primary School. He has served on various National, Institutional and Social Boards
Executive Director – Guardian Bank
He holds a Bachelor of Arts Degree in Economics and Social Studies from the University of Manchester. He was inducted to the Bank’s Board in March 2008 initially as a Non-Executive Director and later, as an Executive Director in February 2013
Executive Director – Manufacturing
He holds a Bachelor of Science degree in Paper Science and Technology from the University Of Manchester Institute of Science and Technology (UMIST). He has had 14 years’ experience in the paper manufacturing industry
Executive Director – Energy, Real Estate, and Commodity Trading
He holds a BSC Management (Specializing in Accounting and Finance) from the University Of Manchester Institute of Science and Technology (UMIST). He joined the Group in 2005. He is the current serving Captain of Muthaiga Golf Club
VASANT K SHETTY
Managing Director – Guardian Bank LTD
Mr. Vasant K Shetty is a Banker by profession having joined the Banking Industry during the year 1964. He holds a Master Degree in Commerce and a Diploma in Banking. He served for one of the leading Nationalized Banks in India for 30 years and later joined Prime Bank Limited in 1995 as Chief Executive. He joined Guardian Bank Limited in December 2008 as the Managing Director.
Chief Executive Officer – East Africa and Transafrica Paper Mills LTD
Mr.Channa is an MBA from the Heriot Watt University, a Chartered Certified Accountant (FCCA), and a Certified Public Accountant of Kenya (CPA K). He has worked in various sectors including being the Group Chief Operating Officer of the Standard Group Limited, which is quoted on the Nairobi Stock Exchange. He joined the Group as a Chief Executive Officer in 2012.
JAMES MAINA KAMANDE
Chief Operating Officer – Energy, Real Estate and Commodity Trading
A Bachelor of Arts Degree holder from the university of Nairobi. Has a wealth of experience in the oil industry spanning over 20 years. Worked in senior managerial capacities both at Kenolkobil and Oilcom. Joined the company in 2008.