Rashmikant Patel: How I recovered after Imperial Bank collapse

Founder of Educational Scientific and Technical Equipment Company (ESTEC) Limited Rashmikant Patel pictured on November 20, 2023 at his office in Parklands, Nairobi. 

Photo credit: Billy Ogada | NMG

Having come back from his studies in the UK in 1978, Rashmikant Patel joined a pharmaceutical firm as one of the partners. But as it turned out, one of his partners was also a partner at Educational Scientific and Technical Equipment Company (ESTEC).

In 1985, one of the owners of ESTEC Limited was relocating to the UK and offered Mr Patel the opportunity to manage the firm on a 25 percent profit-sharing basis, which he accepted.

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