Early Life
Denis Shtengelov was born in 1972 in Gubino, Tomsk region, Russia. His entrepreneurial journey began after graduating from Tomsk State University in 1994, with a small wholesale trade in raw seeds.
Rise to Success
In 1997, Shtengelov acquired his first confectionery factory in Yashkino, Kemerovo region. KDV Group expanded rapidly, capitalizing on the Russian market's demand for snack foods, even during economic downturns. The company’s success was driven by a business model that included controlling businesses across the supply chain and offering well-priced products. KDV's expansion continued with the acquisition of several companies. Shtengelov also owns the Yarche! supermarket chain.
Key Business Strategies
Shtengelov focused on cost-cutting and acquiring businesses throughout the supply chain to offer competitive prices. This strategy enabled KDV Group to thrive even as inflation rose. KDV has built a portfolio of brands including Yashkino, Kirieshki and Chipsons.
Philanthropy
Details regarding Denis Shtengelov's philanthropy are limited. He was an investor in a shopping mall that caught fire in 2018, which killed 60 people, including 37 children; he paid 3 million rubles to relatives of each victim.
