Naresh Malde, the founder of Pwani Oil Products Limited, one of East Africa’s leading manufacturers of edible oils, soaps, and detergents, has passed away.
He died on Saturday, October 25, 2025, in Mombasa, Kenya. His death was officially confirmed by the company in a statement released on Wednesday, October 29, 2025, describing him as a visionary leader whose influence and passion will forever shape the identity of Pwani Oil.
“It is with deep sorrow and a heavy heart that we share the news of the passing of our esteemed founder, Mr. Naresh Malde,” read part of the statement. “This loss is deeply felt throughout our organization, as Mr. Naresh played an instrumental role in the establishment and growth of Pwani Oil Products.”
A Visionary Leader and Builder of a Kenyan Brand
Under his leadership, Pwani Oil Products Limited evolved from a small-scale coconut oil plant into a diversified regional powerhouse. The company stated that Malde’s vision, dedication, and leadership were “integral to its success and development,” cementing his reputation as a pioneer in Kenya’s consumer goods industry.
“His contributions to the success and development of Pwani Oil Products will always be remembered and celebrated,” the company said. “We extend our deepest sympathies to his family as we reflect on the enduring legacy he leaves behind.”
Tributes and Legacy
Former Tourism Cabinet Secretary Najib Balala mourned Malde as a committed advocate of business growth.
“Deeply saddened by the passing of Mr. Naresh Malde, the founder of Pwani Oil,” said Balala. “His vision, hard work, and commitment to local enterprise transformed Pwani Life into one of Kenya’s most trusted homegrown brands. His legacy will continue to inspire generations of entrepreneurs along our Coast and beyond.”
Beyond business, Naresh Malde was known for his philanthropy, supporting education, healthcare, and community development projects across Kenya’s Coast region. Colleagues and industry peers described him as a quiet giver who believed in uplifting society through sustainable business practices.
How the Malde Brothers Built Pwani Oil
Pwani Oil was established in 1981 by Naresh Malde, Ramesh Malde, and their late brother Anil Hansha. The company name “Pwani”, meaning “Coast” in Swahili, pays homage to Mombasa, where the first factory was founded.
Originally a coconut oil production plant, Pwani Oil evolved into a large-scale operation, producing corn, sunflower, and palm oil before transitioning into a fully-fledged refining and consumer goods company. In 1985, it rebranded as Pwani Oil Group Company.
Today, the company manufactures leading brands such as Fresh Fri, Salit, Mpishi Poa, Fry Mate, and Popco under its cooking oils division. Its personal care and hygiene products include Detrex Germ Protection Soap, Diva Beauty Soap, Sawa Family Soap, and White Wash Bar Soap, among others.
The Malde brothers’ guiding principle was to offer quality, affordable, and locally made products that promote healthy living — a mission that has made Pwani Oil a trusted name in households across East and Central Africa.
An Enduring Coastal Legacy
Naresh Malde’s death marks the end of an era for one of Kenya’s most prominent industrial families. His influence stretched far beyond business, embodying the spirit of Kenyan entrepreneurship that balances innovation with community development.
He leaves behind a legacy defined by resilience, family unity, and the vision to transform local industry into a continental force.
