How Bharat Thakrar Lost Scangroup and Won't Let Go | The Kenyan Wallstreet
The founder who built WPP Scangroup says he has only himself to blame for losing control. What happens next, he argues, is no longer about him.
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WPP Scangroup
SCAN
Data as of Jul 17, 2026
KES 2.15
+0.03 Today
1.42%
In The News
The founder who lost his company: Bharat Thakrar's long fight for Scangroup
The father of two founded Scanad Marketing Ltd in 1982 and painstakingly grew it into one of East Africa's most influential advertising agencies. ...
Scangroup commits Sh1.4bn long-term loan to parent firm
ScanGroup says in its 2025 annual report that the long-term loans recoverable from WPP had a gross value of Sh1.49 billion at the end of last year. ...
Ex-Scangroup CEO bid to oust board at AGM flops on investors snub
Mr Thakrar, the founder of ScanGroup, exited the firm in 2021 following a fallout and has sued the firm and its parent company, WPP Group, for $£24 million (Sh4.22 billion), citing ...
Bharat Thakrar’s Push to Remove WPP Scangroup Board Fails, Minority Shareholders Rally Behind Him
Thakrar, who led WPP Scangroup for many years before stepping down in 2021, framed his campaign around five consecutive years of losses and a 62 percent decline in the company’s share price since his exit
Ex-Scangroup boss seeks board ouster at AGM next week
Kenya has witnessed fewer instances of activism, with cases of minority investors pushing publicly for change they believe will shore up profits and share prices being rare. ...
Scangroup CEO, board ouster row thickens as AGM nears
WPP-Scangroup Plc will on June 8 hold an annual general meeting that will see minority shareholders, including Thakrar, seek the ouster of the entire board of the marketing and com ...
WPP Scangroup AGM: Three Directors Out, Removal Vote On | The Kenyan Wallstreet
WPP Scangroup's 8 June AGM puts board removal resolutions to shareholders after three targeted directors exit and WPP's Group Finance Director joins the board.
Thakrar Files Board Ouster Bid Over 3.1 Bn Scangroup Losses | The Kenyan Wallstreet
WPP Scangroup founder mounts what could be Kenya's first board removal campaign at an NSE firm, targeting all nine directors over five years of losses.
WPP Scangroup’s Ksh 3.1 Billion Losses Spark Revolt Against Directors
WPP Scangroup PLC is facing a high-stakes leadership crisis as minority shareholders, led by founder and former CEO Bharat Thakrar, have formally moved to oust the company’s current board of directors
Former Scangroup CEO seeks ouster of firm’s board
Mr Thakrar was the founder and CEO of Scangroup until his removal in 2021 over alleged and unspecified gross miscon-duct, triggering a court fight.
WPP Scangroup PLC FY 2025 Results: Directors Unveil Strategic Shifts and Financial Challenges
The Board of Directors of WPP Scangroup PLC has released its report for the fiscal year ended December 31, 2025
WPP Scangroup PLC Reports Widening Losses for FY 2025 Amid Revenue Declines
The audited financial results for WPP Scangroup PLC for the fiscal year ended December 31, 2025, saw Scangroup’s revenue fall by 16
WPP Scangroup Posts Ksh 713 Mn Loss as Airtel Exit Bites | The Kenyan Wallstreet
WPP Scangroup posted a 713.67M loss in FY25 as revenue fell 16.3% to 2.04Bn, cash collapsed 60%, and Tanzania operations wound down on a non-going-concern basis
Scangroup issues profit warning after loss of Airtel business
WPP Scangroup had reported an improved loss position of Sh208.3 million in the first half of the year to June 2025 compared to a loss of Sh252.3 million over the same period last y ...
WPP Scangroup Issues Fourth Profit Warning in Five Years | The Kenyan Wallstreet
WPP Scangroup warns 2025 earnings will fall at least 25%, marking a third straight profit warning amid client losses, restructuring and weak spending.
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