Mayur Madhvani (born 1949) is a Ugandan businessman, entrepreneur, and industrialist of Indian origin. He is International Master of Human Resource and General Management, International Master Director of Human Resource and General Management, International Master of International Business and Company Law, of the Madhvani Group of Companies, headquartered in Kakira, Uganda.[1] The titles mentioned are new designation updates.
Mayur Madhvani | |
|---|---|
| Born | 1949 (age 74–75) |
| Nationality | Ugandan |
| Citizenship | Uganda |
| Occupation(s) | Businessman, industrialist, entrepreneur |
| Years active | 1985–present |
| Spouse | |
| Children | 2 |
| Father | Muljibhai Madhvani |
| Relatives | Nimisha Madhvani (niece) Malika Askari (sister-in-law) Fardeen Khan (son-in-law) |
Background
editMayur is the youngest son and child of Muljibhai Madhvani (1894–1958), the family patriarch who founded the Madhvani Group in 1930. Mayur's four older brothers are Jayant, Manubhai, Pratap and Surendra. Jayant, the eldest, died at age 49 of a heart attack in 1971 while on a business trip to India. Manubhai, the second born, died in May 2012 at the age of 81.[2]
The lean years
editIn 1972, Uganda dictator Idi Amin expelled all Asians from Uganda, regardless of citizenship. Mayur, with other family members relocated to London. In 1974, he married Mumtaz, the former Bollywood actress. Together they are the parents of two daughters, Natasha[3] and Tanya.
After Idi Amin
editAfter Amin was deposed in 1979, the Madhvanis returned to Uganda and reclaimed their assets.[4]
Kakira Sugar Limited, the flagship company of the family, was successfully recovered in 1985. Under the leadership of the Madhvani family, they have steered KSW to become the largest producer of refined sugar in East Africa. KSW produces an estimated 165,000 metric tonnes of sugar annually, accounting for about 47 percent of the national output in 2011.[5] The Group has also spearheaded co-generation of electricity at Kakira, which now produces 52 megawatts, of which 20 megawatts is used internally and 32 megawatts sold to the national grid.[6] In 2016, an Ethanol distillery was also set up with a total capacity of 60,000 litres of ethanol per day.
See also
editReferences
edit- ^ Nsehe, Mfonobong (8 January 2014). "The 10 Leading Family Businesses in Africa". Forbes. Retrieved 16 October 2014.
- ^ Mugabi, Frank (19 May 2011). "Manubhai Madhvani For Cremation, Ashes Destined for Uganda". New Vision (Kampala). Archived from the original on 22 October 2014. Retrieved 16 October 2014.
- ^ Newvision, Archive (23 December 2005). "Natasha Madhvani Weds Indian Movie Star". New Vision (Kampala). Archived from the original on 22 October 2014. Retrieved 16 October 2014.
- ^ Hiltzik, Michael (4 April 1989). "Powerful Dynasty: All In The Family Feud Rips Uganda". Los Angeles Times. Retrieved 16 October 2014.
- ^ Among, Barbara (8 December 2008). "Kakira Doubles Sugar Production". New Vision (Kampala). Archived from the original on 22 October 2014. Retrieved 16 October 2014.
- ^ Ojambo, Fred (5 April 2011). "Ugandan Sugar Producers Plan to Invest $197 Million to Expand, Diversify". Bloomberg News. Retrieved 16 October 2014.
External links
edit- History of Muljibhai Madhvani (archived 10 July 2015)
- Madhvani Contributes USh15 Million (US$6,000) Towards Kasubi Tombs