Mr. Himanshu Shah

Mr. Himanshu Shah is not just a business leader; he is a true visionary who has made a significant mark across multiple sectors in Zambia and beyond. As the Founder and Managing Director of KARAN Group, Mr. Shah has led with passion, purpose, and a clear vision to build businesses that drive economic growth, create jobs, and contribute meaningfully to the community.

Under his dynamic leadership, the KARAN Group has become a thriving conglomerate, spanning diverse ventures. Mr. Shah’s efforts in establishing 45 fuel service stations, creating opportunities for over 1,800 employees, and generating over $300 million in annual revenue speak volumes about his commitment to growth and operational excellence. But he did not stop there—he also took on the challenge of scaling up edible oil manufacturing, transforming it into a formidable sector player through his strategic insight.

Mr. Shah’s story is one of perseverance, bold decisions, and constant innovation. With deep roots in the African business landscape, he has been a key figure in driving progress across more than 10 African countries. He is known not only for his business acumen but for his relentless focus on sustainable growth that benefits both businesses and the communities they serve.

A trusted industry expert, Mr. Shah’s influence goes beyond the numbers. He has been instrumental in shaping strategies, building teams, and nurturing businesses from the ground up. His passion for meaningful change, combined with his keen sense of market dynamics, continues to inspire many in the region.

Mr. Himanshu Shah is not just a leader—he is a changemaker, a visionary who believes in the power of businesses to make a difference. He remains dedicated to creating impactful, long-term value across industries, with a keen eye on innovative growth and community empowerment.

Mr. Utsav Agarwal

With an educational foundation from premier institutes like IIM and NIT, complemented by a CFA and a dual MBA from UCL, Belgium, Mr. Utsav Agarwal brings a rare blend of technical and financial expertise to his role. Over the past 14 years, he has garnered extensive experience in the energy and supply chain sectors, positioning him as a visionary leader driving Karan Group’s growth in the dynamic energy industry.

Known for his aggressive approach and relentless pursuit of excellence, Mr. Agarwal is a strategic leader constantly exploring new avenues and markets to expand the company’s footprint. His commitment to innovation and exploration has led him to travel extensively across multiple countries, fostering partnerships and identifying opportunities in regions where the company has a presence.

At Karan Group, he oversees new projects and spearheads the energy function, leveraging his expertise to ensure sustainable growth. His ability to seamlessly integrate technical knowledge with business acumen has been instrumental in shaping the company’s global strategy and securing its position as an industry leader.

Mr. Hardik Sheth

With over 17 years of distinguished experience in the energy and logistics sectors, Mr. Hardik Sheth brings invaluable expertise and leadership to Karan Group and he plays a pivotal role in driving the company’s growth while upholding its commitment to excellence and sustainability.

Mr. Sheth’s passion for creating a positive impact extends beyond business. He spearheads the group’s Corporate Social Responsibility (CSR) initiatives and philanthropic projects, fostering meaningful contributions to the community and society at large.

A people-centric leader at heart, his forte lies in people management, where his exceptional listening skills and empathetic approach set him apart. Known for his ability to connect with individuals across all levels, he is adept at breaking the ice and fostering collaboration, ensuring goals are met with efficiency and harmony.

At Karan Group, Mr. Sheth is celebrated as the driving force behind getting the work done, a trait that perfectly aligns with the company’s mission to empower individuals and communities. His approachable demeanor and soft skills make him a trusted leader who inspires teams and builds enduring relationships.

Under his guidance, Karan Group continues to thrive, blending business success with social responsibility and a strong focus on nurturing talent and innovation.