Sun rises in Africa - Rajesh Ram Satiija (Lucky)
Transcription
Asian Rich List Asian Rich List WELL GROUNDED: Rajesh Ram Satija with his wife, daughter Garima (second from left) and son Atul (right) TRANQUIL LIVING: The Aqasia project Rajesh Satija Ram Mining £850m p£180m London-based Rajesh Satija Ram is a mining magnate whose empire is spread across three continents – Asia, Africa and Latin America. He owns among the world’s largest reserves of gold, uranium and rare minerals and is one of the top investors in Africa where he commands the respect of prime ministers and presidents. Satija, an electrical engineer by training, arrived in Lagos, Nigeria in 1993, to work for a local Indian procurement authority. “I had this foresight that Africa would be one big market and wanted to be part of it when it emerged,” he said. Satija established the Sun & Sand Group of Companies in Guyana and Africa, with his factory making ferrous and non-ferrous ingots, which are widely used in the automobile industry. Satija’ s company became the first in Africa to supply such global leading brands as Toyota, Rolls Royce, Honda and Nissan. Later he branched out into gold, copper and uranium, thus transforming the fortunes of its metal industries across the continent. He is in command of one of the largest reserves of precious and non-precious metals, as well as rare ones, such as uranium, which has a wide number of industrial uses. Affectionately called “Lucky” by his friends Sun rises in Africa Satija’s mining empire only gets bigger and business associates, Satija has formed mutually beneficial partnerships, business relations and development in Africa through his personal relationships with leaders and politicians over the past three decades. Satija employs 6,000 people around the globe, working closely with local communities in Africa helping in their development. His influence in Africa goes to the very highest level and he’s often seen meeting presidents and cabinet ministers. “Whomever I have worked with in the past 25 years, no one has lost a single dollar,” he said. “Many presidents of Africa, they call me when they have a problem. They say to me, ‘Lucky, come and sit with us, our problems will be solved.’” Combined with his expertise in metal extraction, trading and manufacturing, vision in agribusiness and corporate farming industry, he has steered the Sun & Sand Group into a formidable conglomerate, as the company expanded its supply chain and Satija used his foresight to turn challenges into opportunities. The group is a member of the London Metal Exchange. He has cited London as the best 34 | Eastern Eye Asian Rich List | March 2015 hub for growing his businesses, which are increasingly global in nature. Satija said, “I could stop working and continue to develop my passion and hobby for breeding horses and farming.” However, at 47, Satija is a man with a larger mission who wants to expand his metals and mining business, in particular gold and uranium mining, around the world. Satija’s extensive interests in Africa have yielded him great rewards and he is today one of the continent’s largest individual owners of gold reserves, a holding that in itself has given him tremendous influence in the countries in which he operates. Satija received the 2014 Entrepreneur of Year Award at the Africa International Business Forum (AIBF) in London at the House of Lords, in recognition of his leadership as a change agent for Indian companies investing in Africa. While he is committed to developing the mining sector and infrastructure in Africa and meeting the world’s growing demand for raw materials, he is also serious about reducing the impact on the environment of his own industry. So the group incorporates a business for social change model, enhancing human development through technology transfer, access to renewable energy, and sense of responsibility towards the well-being of society. His extensive diversified portfolio of interests in Africa and India is driven by a sustainable development approach in every aspect. Satija’s vision is to increase the existing number of mines in Africa and Latin America from 50 to a 100 in the next two years. As a leader among the Indian diaspora, Satija plays an active role in the community, as a key bridge to access knowledge, expertise, resources and markets not only for the development of India, but also the rest of the world. A noticeable example is in the acquisition of 5,000 acres of land in Canada and Georgia for the agricultural development of apple orchards. Satija set up two controlled atmosphere cold storages in north India to preserve the apples grown in Canada and Georgia to market in India. Satija is planning to further expand his trading activities in the agri-business industry by accessing the cashew and cocoa markets in Nigeria and Côte d’Ivoire. One of his biggest and most innovative projects in the hotel and real estate sectors in Guyana and India is the construction of new homes with a difference through his Aqasia Homes Business. Satija is looking to create “geopathic stress-free areas”. This means paying particular attention to the surroundings of the home and making it as attractive and as peaceful as possible. Satija plays special attention to spirituality, believing that a sound mind can be encouraged through calming and serene surroundings. His ability to listen to others and drive to make people feel special and valued is translated through his business approach to creating an environment in which people can flourish and reach their highest potentials. Satija transforms that powerful connection for the exchange of energy, passion, trust and effort between like-minded individuals and also business communities. Satija is a strong networker and understands the power of international relations – he has built links with the UN and has been involved in global charitable endeavours that have earned him attention and respect. In 2012, Satija was honoured by Human Achievers Foundation (HAF), in association with Indian Council for UN Relations (ICUNR) and Africa India Partnership Association (AIPA), for his endeavours in international business and contribution in the field of manufacturing, imports and exports of metals. Behind his seemingly simple personality is a steely determination to make a difference to society and a plan to accomplish it. As a founder of the Reiki Healing Foundation Trust, Satija hopes to promote Reiki as an ‘In 25 years, no one has lost a single dollar’ alternate source of healing and brotherhood. In the past year, he set up Sun & Sand Foundation, a non government organisation aimed at providing education to poor children in India. There are plans to expand the programme to Africa. Among his pet projects is one based on quantum speed reading, a system of learning introduced by a Japanese expert wherein children can read a book in a short span of time, for instance in as little as 30 seconds. “Over the next 10-15 years, children can compete with politicians, rich people,” he said. Satija’s own children have set out to go about their lives without being “spoilt” by his immense wealth. His daughter is studying law in London while his son is an undergraduate in the US. It’s clear that Satija still has big dreams, big promises to keep and maintain the continuous faith in him by his employees and business partners. “I have already planned how to change society. I don’t want to only make money. I want to do something different.” Satija’s global businesses have had a good year with strong revenues and appreciation of his mining assets. He has substantial private assets, including homes in prime locations around the world. Taking into account the geographical risk of his mining assets, we take a conservative valuation of £850m. March 2015 | Eastern Eye Asian Rich List | 35
Similar documents
Latin America Mining Equipments Market
The key reason which has accelerated the growth of the Latin American mining equipment market is the enhanced demand for the consumption of natural resources. Presently, the region produces about 45% of the global copper, 21% of the global zinc, 50% of the global silver and 26% of the global molybdenum production. In addition, foreign investment, especially from China, US, Canada and Australia, plays a significant role in the growth of the Latin American mining equipment market. Further, other operations such as the Panama Stock Operation (PSO), CSR activities, and introduction of next generation mining equipment such as Autonomous Haulage System (AHS) also serve as driving factors for the growth of the mining equipment market in Latin America. Among these, CSR activities primarily focus on rehabilitation and support programmes, promotion of healthy lifestyle and awareness programmes for the adoption of green technology. However, in the past few years, the mining industry and hence the mining equipment industry has been facing an economic crisis on account of the requirement for budget allocation in the maintenance of the mining industry and equipment, etc.
More informationUnderground Mining Equipment Market Size & Forecast Growth Report To 2019: Radiant Insights, Inc
These analysts forecast the global underground mining equipment market to grow at a CAGR of 4.04% over the period 2014-2019. To request a sample copy or view summary of this report, click the link below: http://www.radiantinsights.com/research/global-underground-mining-equipment-market-2015-2019
More information