Mayur Madhvani
Mayur Madhvani | |
|---|---|
| Born | 1945 (age 78–79) |
| Nationality | Ugandan |
| Citizenship | Uganda |
| Occupation(s) | Businessman, industrialist, entrepreneur |
| Years active | 1985–present |
| Known for | Business, philanthropy |
Mayur Madhvani is a Ugandan businessman, entrepreneur, and industrialist. He is the group managing director of the Madhvani Group of Companies, headquartered in Kakira, Uganda, the third-largest economy in the East African Community.[1]
Background
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
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
After Amin was deposed in 1979, the Madhvanis returned to Uganda and reclaimed their assets.[4]
After a period of reassessment by the shareholders, Mayur was named group chief executive officer and managing director of Kakira Sugar Works (KSW), the flagship company of the Madhvani Group. Under his stewardship, he has 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] He 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] As Group CEO, he has led the group to diversify into other areas such as electricity generation, insurance, construction and hospitality, in addition to agriculture, the traditional focus of the group.[7]
See also
- List of sugar manufacturers in Uganda
- List of wealthiest people in Uganda
- List of conglomerates in Uganda
References
- ^ Nsehe, Mfonobong (8 January 2014). "The 10 Leading Family Businesses In Africa". Forbes Magazine. Retrieved 16 October 2014.
- ^ Mugabi, Frank (19 May 2011). "Manubhai Madhvani For Cremation, Ashes Destined for Uganda". New Vision (Kampala). Retrieved 16 October 2014.
- ^ Newvision, Archive (23 December 2005). "Natasha Madhvani Weds Indian Movie Star". New Vision (Kampala). 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). 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.
- ^ Namaganda, Sumin (11 May 2010). "Building On The Legacy of A Family Business". Daily Monitor (Kampala). Retrieved 16 October 2014.