Heril Bangera: Meet the Billionaire behind Roto Tanks, which he founded at 18 years old (Flame Tree Group)

 

Heril Bangera who entered the tank manufacturing company at the age of 18

Heril Bangera entered the tank manufacturing company at the age of 18 with the goal of creating at least four tanks per month.

His business idea was inspired by the difficulties Kenyans living in Nairobi were having collecting and storing water.

He recognised the need to create plastic tanks since they were more durable and cheap at a time when most city dwellers used steel tanks.

Building his father's home at the age of 16 was Haril Bangera's first employment, according to Bangera.

He spent the entire day at the building site there without ever being paid.

 

He ran a stand on campus where he sold appetisers like samosas and kebabs. According to his LinkedIn page, he has a bachelor's degree in mechanical engineering from Bangalore University.

 

The businessman disclosed the fact that when he was younger, his father supported him in starting a firm. In 1989, Bangera established Roto Moulders with KSh 500,000 in funding provided by his father.

 

The company's website states that it was founded in 1991. Since then, the business has grown into Flame Tree Group, a collection of businesses with operations in Kenya, Rwanda, Ethiopia, and Mozambique. Cosmetics, plastics, and commerce are all covered.

 

"When I first commenced, I believed that if we could produce four tanks every month, it would be a successful business. Time has proven to be even more beneficial because we are now producing hundreds each day, " according to Bangera, who was mentioned in How We Made It in Africa.

"My father has always pushed me to start my own business. He's never been a downer. It was only possible for me to launch my business at the age of 18 because my father was so encouraging. Just about KSh 500,000 was the first amount he provided me to launch the firm, he continued.

Roto Moulders produces rectangular loft tanks with a capacity of 230 to 920 litres and cylindrical water storage tanks with a capacity of 100 to 24,000 litres.

Other items include septic tanks from 1700 litres to 6,000 litres and bell-shaped subterranean tanks from 1000 litres to 6,000 litres. Depending on the size, the tanks cost anywhere from KSh 3,000 to KSh 137,000.