|Industry||Manufacturing, Tourism, Information Technology|
|Key people||Mayur Madhvani
Group Managing Director
|Products||Electricity, Matches, Insurance, Construction, Sugar, Tea, Communication, Horticulture, Software, Hotels & Resorts|
|Revenue||US$100+ million (2009)|
|Total assets||US$500m (2012)|
The Madhvani Group of Companies commonly referred to as the Madhvani Group, is one of the largest conglomerates in Uganda, with a total asset base in excess of US$500 million, as of January 2012. The group has investments in Uganda, Rwanda, South Sudan, Tanzania, the Middle East, India and North America.
In 1912, Muljibhai Madhvani, then aged 18, arrived in Jinja. He was able to take a humble trading concern and create a business that would later account for 10% of Uganda's GDP. His workers and their dependents have enjoyed free education, housing and healthcare under the group. The Group's businesses are run primarily by Madhvani family members but many of the newer investments are joint ventures with other businesses.
During the 1970s, the Madhvani family was expelled from Uganda by Idi Amin and their businesses were nationalized and mismanaged to near-extinction. In 1985, the family returned to Uganda and with loans from the World Bank, the East African Development Bank and the Uganda Development Bank, they resurrected and rehabilitated their businesses and started new ones.
Muljibhai Madhvani Foundation
The Muljibhai Madhvani Foundation is a charitable trust that was set up in 1962 on the eve of Uganda's Independence to honor the vision of the late Muljibhai Madhvani (14 May 1894 – 11 July 1958), the founder of the Madhvani Empire.
The foundation awards scholarships to deserving undergraduate and postgraduate university students with limited means to study in Ugandan Universities. One of the Foundation's primary objectives is to maintain and promote scientific and technical education among the people of Uganda. Six Hundred Fifty Million Uganda Shillings (approximately US$300,000) is awarded each year under the scholarship program. Emphasis is placed on sponsorship of students in the following fields: (a) Agriculture (b) Sciences (c) Information Technology (d) Commerce and (e) Medicine
The Madhvani Group includes but is not limited to the following companies:
- Chobe Safari Lodge, Murchison Falls National Park, Uganda
- East African Packaging Solutions, Njeru, Uganda — now sole owner after buying out partner
- East African Distributors Limited, Furniture & Hardware Merchandising, Kampala, Uganda
- East African Glass Works Limited (EAGWL), Kampala, Uganda
- Excel Construction Limited, Jinja, Uganda & Juba, South Sudan
- East African Underwriters Limited, Kampala, Uganda
- Industrial Security Services Limited, Jinja, Uganda
- Kabuye Sugar Works, Kabuye, Rwanda
- Kajjansi Roses Limited, Kajjansi, Wakiso District, Uganda
- Kakira Airport, Kakira, Uganda
- Kakira Power Company, Kakira, Uganda — the owner-operators of Kakira Power Station
- Kakira Sugar Works, Kakira, Uganda — the flagship company of the Group
- Kakira Sugar Works Hospital, Kakira, Uganda
- Silver Back Lodge, Bwindi Forest, Uganda
- Kakira Sweets & Confectioneries Limited, Kakira, Uganda
- Liberty Life Assurance Uganda Limited, Kampala, Uganda
- Madhvani Group Central Purchasing, Jinja, Uganda
- Madhvani Group Projects Limited, Kampala, Uganda
- Marasa India Resorts and Hotels, Rajkot, Gujarat, India
- Madhvani Properties Limited, Kampala, Uganda
- Makepasi Match Limited, Jinja, Uganda
- Marasa Holdings Limited, Kampala, Uganda
- Muljibhai Madhvani Foundation, Kakira, Uganda
- Mwera Tea Estate, Mityana District, Uganda
- Mweya Safari Lodge, Queen Elizabeth National Park, Uganda
- Nakigalala Tea Estate, Wakiso District, Uganda
- Nilefos Minerals Limited, Tororo, Uganda
- Paraa Safari Lodge, Murchison Falls National Park, Uganda
- Premier Safaris Limited, Jinja, Uganda
- Software Applications Uganda Limited, Kampala, Uganda
- Madhvani Group Steel Division, Jinja, Uganda
- TPSC Turbo Prop Service Centre Uganda Limited, Aircraft Maintenance, Kakira, Uganda
Prominent family members
The following are some of the prominent members of the Madhvani family:
- Muljibhai Madhvani (1894-1958) — family patriarch, founder of the Madhvani Group
- Jayant Madhvani ( 1922-1971) — Muljibhai's firstborn son. Run the conglomerate after death of his father
- Manubhai Madhvani (1930-2011) — Muljibhai's second son. Ran the conglomerate with his elder brother before elder brother died. In 2008, he authored a book Tide of Fortune about the history of Asians in East Africa, the family business and his own experience.
- Surendra Madhvani — Muljibhai's third son.
- Pratap Madhvani — Muljibhai's fourth son.
- Mayur Madhvani — Muljibhai's fifth and youngest son.
- Nitin Madhvani — Jayant's firstborn son and grandson of Muljibhai. First Indian to return to Uganda after Idi Amin. He successfully negotiated the re-appropriation of the family's assets from the government.
- Amit Madhvani — Jayant's second son and grandson of Muljibhai
- Nimisha Madhvani — Jayant's only daughter. Granddaughter of Muljibhai Madhvani. Currently, Uganda's Ambassador to France.
- Meena Madhvani — Jayant's widow.
- Mumtaz — actress and Mayur's wife.
- Newvision, Archive (19 February 2007). "Mkapa Tours Kakira". New Vison. Retrieved 13 July 2014.
- Michael Kanaabi, and Ssebidde Kiryowa (6 January 2012). "The Deepest Pockets". New Vision. Retrieved 14 July 2014.
- Namaganda, Sumin (11 May 2010). "Building On The Legacy of A Family Business". Daily Monitor. Retrieved 13 July 2014.
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- Google, . "Location of Kakira Airport At Google Maps". Google Maps. Retrieved 14 July 2014.
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- Newvision, Archive (17 May 2011). "Madhvani Group Loses Family Member". New Vision. Retrieved 14 July 2014.
- Random House, India (8 December 2009). "Manubhai Madhvani – First Night In Jail". Random House India. Retrieved 14 July 2014.
- Butagira, Tabu (28 June 2013). "Newly-Appointed Ambassadors Stranded In Kampala". Daily Monitor. Retrieved 14 July 2014.
- Uganda At 40: Nimisha Madhvani Speaks To Rupal Rajani About Her Return To Uganda (Video: Available Since: 2 August 2012)