Mayur Madhvani

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Mayur Madhvani
Born 1945 (age 72–73)
Kakira, Uganda
Residence Kakira, Uganda
Nationality Ugandan
Citizenship Uganda
Occupation Businessman, industrialist, entrepreneur
Years active 1985–present
Known for Business
Home town Kakira

Mayur Madhvani is a Ugandan businessman, entrepreneur, and industrialist. He is a Joint Managing Director of the Madhvani Group of Companies, headquartered in Kakira, Uganda, the third-largest economy in the East African Community.[1]

Background[edit]

Mayur is the youngest son and lastborn of Muljibhai Madhvani (1894 -1958), the family patriarch who founded the Madhvani Group in 1930. Mayur's four older brothers are Jayant, Manubhai, Surendra, and Pratap. 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[edit]

In 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[edit]

After Amin was deposed in 1979, the Madhvanis returned to Uganda and reclaimed their assets.[4]

Kakira Sugar Limited the flagship company was successfully recovered in 1985. Under the stewardship of Late Manu Madhvani , Mayur Madhvani and Kamlesh Madhvani 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 is 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[edit]

References[edit]

  1. ^ Nsehe, Mfonobong (8 January 2014). "The 10 Leading Family Businesses In Africa". Forbes Magazine. Retrieved 16 October 2014. 
  2. ^ 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. 
  3. ^ 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. 
  4. ^ Hiltzik, Michael (4 April 1989). "Powerful Dynasty: All In The Family Feud Rips Uganda". Los Angeles Times. Retrieved 16 October 2014. 
  5. ^ Among, Barbara (8 December 2008). "Kakira Doubles Sugar Production". New Vision (Kampala). Archived from the original on 22 October 2014. Retrieved 16 October 2014. 
  6. ^ 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]