Years active 1985–present | Ethnicity Gujarati Role Businessman Nationality Ugandan Name Mayur Madhvani | |
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Born 1945 (age 74–75) Kakira, Uganda Occupation Businessman, Industrialist, Entrepreneur Children Natasha Madhwani, Tanya Madhwani Siblings Jayant Madhvani, Surendra Madhvani, Pratap Madhvani, Manubhai Madhvani Similar Mumtaz (actress) , Fardeen Khan , Feroz Khan (actor) | ||
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.
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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.
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 and Tanya.
After Idi Amin
After Amin was deposed in 1979, the Madhvanis returned to Uganda and reclaimed their assets.
After a period of reassessment by the shareholders, Mayur was named group Joint 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. 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. 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.