Mr. Devendra Kumar Somani
The Group continuously draws inspiration from our patriarch, Late Mr. D K Somani who was a visionary leader and was instrumental in bringing the Group to this milestone. He studied Economics and was able to quickly recognize the changing trends in the Indian economy. After working in the family-owned Steel mills, his vision drove the Group into international business. He pioneered the exports of Indian Steel products. Longstanding joint-ventures with world’s leading companies are a testimony of his foresight and vision. The Group continues to follow his vision and ethics to diversify and expand the business.
Mr. Somani was also deeply involved with Somani Foundation which was setup by him to actively contribute in philanthropic and social causes for the welfare of people such as providing scholarships to poor students, distributing clothes, providing medical aid, donating medical equipment to charitable hospitals, building wards and other infrastructure for charitable hospitals.
About Somani Group
With a history dating back more than three centuries, the Somani Group is one of the oldest business houses of India. Our epochal journey began in 1696 with the setting up of banking business. The Group later diversified into trading and manufacturing activities. The process of expansion and diversification continued all throughout our long-standing history.
With production of high-quality Steel in India, we undertook a pioneering role in exporting Steel from the Country. In the quest for further expansion, the Group established long term partnerships with sector leaders across the globe to gain strategic competencies in the Steel industry i.e., raw materials, consumables, semi & finished goods and drove notable innovations in critical technologies to enhance performance of the Steel plants.
Today, the Group has diversified presence across core growth sectors like Steel, Oil & Energy (Renewable), Engineering, Education, Investment & Real estate etc. Our worldwide outreach has enabled us to consistently deliver exceptional services to our long-term customers across varied industries including Steel, Power, Ferro - Alloys, Cement, Oil & Energy. Over the years, Somani Group has carved significant specialization for itself in Structured long term trade contracts, Securitization of export transactions, “Pay & Pick” delivery model, Just in Time solution for bulk raw materials like Coal, Coke, Ores etc.
The value system we inherited from our founding forefathers is our strength and also a badge of honor in our outstanding long history. We believe giving back to society is an integral part of the evolution of a successful business. Our ancestors were philanthropists and we feel honored to be carrying that baton forward by carrying out many philanthropic programs through Somani Foundation.
Innovation motivates action to encourage ideas, learn from mistakes, take new opportunities and constantly strive to exceed expectations. With supreme focus on innovation, we have created relevant solutions for our customers and raise the bar across our industry. The Group has introduced many firsts in the Industry which has helped optimize our offerings and bring great convenience to our customers in enhancing their productivity.
Everything of value is built on trust. The Group has always given great importance to clarity and character in its business operations. Group has stood up to its commitments even through adversities. Consistent delivery of promises and quality to its customers has been the secret to the lasting success of the Group.
The Group has always been an ardent believer in collaboration for building purposeful relationships grounded in cooperation and a shared vision. We believe we won’t thrive without recognising one another’s strengths. Acting on this principle, Group has forged strong complementing partnerships across the Globe to bring ingenious solutions to its customers and associates. Optimized business operations with Global reach and accelerated growth have been the major rewards.