Who is Mayur Madhvani, an Indian-origin Ugandan billionaire?

Mayur Madhvani is a Ugandan-based businessman, entrepreneur, and industrialist of Indian origin. He holds important roles in the Madhavani Group of companies headquartered in Kakira, Uganda, like International Master of Human Resource and General Management, International Master Director of Human Resource and General Management, International Master of International Business and Company Law. The Mayur Madhvani net worth is around £800 million.

Mayur Madhvani Early Life

He is the youngest son of Muljibhai Madhvani (1894-1958), who founded the Madhvani Group in 1930. He has four elder brothers: Jayant, Manubhai, Pratap, and Surendra. Mayur’s eldest brother Jayant passed away at the age of 49 suffering a heart attack in 1971 while on a business trip to India. His second eldest brother Manubhai passed away in 2012 at the age of 81. 

Mayur Madhvani Age

Madhvani was born in 1949 and currently, Mayur Madhvani age is 75 years old. 

Madhvani’s Low Phase

The life of the Madhvani family witnessed a low patching when dictator Idi Amin expelled all the Asians from Uganda irrespective of their citizenship in 1972. Consequently, the Madhvani family moved to London.

Mayur Madhvani Wife, Mumtaz 

Mayur married to Bollywood actress Mumtaz in 1974. Together they have two daughters namely, Natasha and Tanya. 

Madhvani Family House

Mayur Madhvani lives with his family in Kakira, Uganda.

Madhvani’s Life After Idi Amin

After being expelled in 1972, the family returned to Uganda in 1979 when Amin was deposed. They also reclaimed all their assets. 

The flagship company of the family, Kakira Suger Limited, was also recovered successfully in 1985. Under the leadership of the Madhvani family, they steered KSW and ultimately became the largest producer of refined sugar in East Africa.

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It is estimated that KSW produces 165,000 metric tonnes of sugar every year. It is 47 percent of the national output in 2011. The Group has also entered the power sector and spearheaded the co-generation of electricity at Kakira producing 52 megawatts, out of which 20 megawatts are internally used and 32 megawatts are sold to the national grid. Ethanol distillery was also set up in 2016 with a total capacity of producing 60,000 liters ethanol a day.

Mayur Madhvani Net Worth

Reportedly, Mayur and his family’s net worth is around £800 million. The managing director of Madhvani Group of Companies, he is one of the largest conglomerates in the African Country.

The family Madhvanies originally belonged to India and they own countless companies in different fields from running airports to hotels to steel business. 

Mayur Madhvani’s father, Mr Muljibhai Madhvani, is the mind behind building the Madhvani Group of Muljibhai.