Madhvani Group

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Madhvani Group
Company typeConglomerate
IndustryManufacturing, Tourism, Information Technology
Founded1914
HeadquartersKakira, Uganda
Key people
Mayur Madhvani
Group Managing Director[1]
ProductsElectricity, Matches, Insurance, Construction, Sugar, Tea, Communication, Horticulture, Software, Hotels & Resorts
RevenueUS$100+ million (2009)
Total assetsUS$400m (2011)[2]
Number of employees
10,000+ (2009)
WebsiteHomepage

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$400 million, as of April 2012.[3] The group has investments in Uganda, Rwanda, Southern Sudan, Tanzania, the Middle East, India and North America.

History

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, many decades before the term "Corporate Social Responsibility" (CSR), was even devised. 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.[4]

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:

Subsidiary companies

The Madhvani Group includes but is not limited to the following companies:[6] [7]

Prominent family members

The following are some of the prominent members of the Madhvani Family:[10]

See also

References

  1. ^ Managing Director of Madhvani Group
  2. ^ Madhvani Group Assets 2009
  3. ^ Madhvani Group Assets in Uganda
  4. ^ Madhvani Businesses Re-acquired in 1985
  5. ^ Madhvani Foundation Homepage
  6. ^ Madhvani Group Subsidiaries
  7. ^ More Madhvani Group Companies
  8. ^ About EAGWL
  9. ^ Coordinates of Kakira Airport
  10. ^ Members of the Family
  11. ^ Manubhai Madhvani Passes Away At Age 81
  12. ^ Manubhai's First Day In Amin's Jail
  13. ^ Uganda's High Commissioner to India
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