January 27, 2015 2:08 PM ET

Metals and Mining

Company Overview of The Comcraft Group

Company Overview

The Comcraft Group produces steel, plastics, and aluminum products in Kenya, Tanzania, Uganda, Ethiopia, and internationally. It also manufactures and markets various consumer and building products made from steel and aluminum. The company was founded in 1915 and is based in Nairobi, Kenya with additional offices in Singapore; Sydney, Australia; London, the United Kingdom; Toronto, Canada; Geneva, Switzerland; and India.

PO Box 50826

Nairobi,  00200


Founded in 1915


254 20 37420815

Key Executives for The Comcraft Group

Chairman and Chief Executive Officer
President and Managing Director
Compensation as of Fiscal Year 2014.

The Comcraft Group Key Developments

Comcraft Plans An IPO

The Comcraft Group is planning an initial public offering in two years. Manu Chandaria, Chairman of Comcraft, said, “Ultimately, groups of our size cannot remain only private.” Comcraft is in discussions about letting parts of the business go public.

Comcraft Group And Argyle Street In Talks With Mitsubishi Over Comstar Automotive's Sale

The Comcraft Group and Argyle Street Management Limited, owners of Comstar Automotive Technologies Private Limited are in advanced talks with Mitsubishi Corporation (TSE:8058) to sell the business which is valued at INR 4 billion to 4.5 billion. Comcraft Group and Argyle Street Management are looking to exit their equal stakes in Comstar, three people with direct knowledge of the development said. "Mitsubishi Group is leading the race and talks are currently on over valuations," one of the persons, an investment banker, said. The owners have mandated local investment bank Kotak Mahindra Capital Company to scout for buyers for Comstar. Sat Mohan Gupta, Director and Chief Financial Officer of Comstar Automotive Technologies could not be reached for comment and a spokesperson of Mitsubishi did not respond to Economic Times.

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