Tag Archives: Dr Rajan Lekhraj Mahtani

Dr. Rajan Mahtani’s Entrepreneurial Spirit Fetches Forbes Award

Posted on by
Reply

Dr. Rajan Lekhraj Mahtani is one of the most notable and celebrated businessman and philanthropist from Zambia. For more than four decades, Dr. Rajan Mahtani has been working towards the growth and development of the Zambian nation. Recently, Dr. Rajan Mahtani was conferred with one of the most prestigious and notable awards across Africa. This award is known as Forbes ‘Best of Africa’ awards and is given to visionaries and businesses with significant contributions towards philanthropic achievements and empowerment. The Forbes ‘Best of Africa’ award ceremony was a part of the FIN (Foreign Investment Limited) philanthropic and leadership roundtable conference. This year’s roundtable conference was held online as a result of the ongoing coronavirus pandemic. Dr. Rajan Lekhraj Mahtani was also invited in this event as a honorary speaker and discussed about the significance of leadership in healthcare.
The Forbes ‘Best of Africa’ awards is one of the most anticipated corporate awards across Africa. The award ceremony celebrates and recognises leading lights in the field of philanthropy and a means to achieve empowerment. The awards are regarded highly among analysts, critics as well as business industries and sectors due to various reasons. First, the award ceremony is developed by Forbes which is one of the top business magazines across the globe. Secondly, the process of selecting the participants is extremely rigorous yet transparent. The process comprises of months of verification and background checks, authentications as well as interviews and discussions with the recipients to understand their perception and long-term view about philanthropy as a means to achieve empowerment.
Dr. Rajan Mahtani, for his significant contributions towards the banking industry was awarded with the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021. Dr. Rajan Mahtani made these contributions in various fields. Some of his major business contributions include Mahtani Group and Finsbury Investments. In a similar manner, his philanthropic contributions include Stephen Malama award and scholarship for top law graduates Zambia as well as Prison Fellowship Zambia.

Fin And Forbes Present ‘Best Of Africa’ Awards, Dr. Mahtani Felicitated

Posted on by
Reply

Foreign Investment Limited (FIN) and Forbes once again came together to conduct one of the most famous and anticipated business events in Zambia. Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist from Zambia, was part of this business event. This business event was FIN philanthropy and leadership roundtable conference. It is an international-level conference which is being held annually across Africa, inviting visionaries and leaders to discuss about the role of philanthropy and leadership in the growth and development of the African nation. Apart from that, the roundtable conference also provides a platform for collecting financial funding and support from investors and businesses for numerous ongoing and potential projects across Africa. Dr. Rajan Lekhraj Mahtani was the only businessman invited from Zambia as a honourable speaker during the event. Unlike the usual process, this year’s roundtable conference was held online as a result of the ongoing coronavirus pandemic wherein participants and speakers took part in the event from their respective locations. Dr. Rajan Mahtani attended the event from his office. He spoke about the importance of leadership in healthcare and gave thrust to political leadership for the growth and development of the healthcare sector across the nation as well as the entire continent.
Another major reason this event is much anticipated and looked upon by analysts and businesses is the addition of the Forbes ‘Best of Africa’ awards ceremony. Conducted by both Forbes and FIN (Foreign Investment Limited), the award category is among the most famous corporate awards across the entire continent. Apart from the fact that the awards come from Forbes which is one of the most renowned international business magazine, the awards hold special significance as the selection process of the awardees is extremely rigorous and transparent. The process involves months of verification, background checks as well as interviews with the potential awardees to understand their knowledge, vision and plans towards the philanthropic and leadership achievement.

Based on this evaluation and selection criteria, Dr. Rajan Lekhraj Mahtani was awarded with the Forbes ‘Entrepreneur of the Year’ award 2021 for redefining the banking sector of Zambia.

Dr. Mahtani Presented With Forbes ‘Best Of Africa’ Awards

Posted on by
Reply

Dr. Rajan Lekhraj Mahtani was recently presented with one of the Forbes ‘Best of Africa’ awards. Dr. Mahtani is a noted businessman and philanthropist in Zambia. For almost four decades, Dr. Mahtani has been working towards establishing successful companies, creating employment and livelihood opportunities for less privileged sections of the societies as well as continuously working towards growth and development of the Zambian nation. These contributions from Dr. Rajan Mahtani were finally recognised when he was awarded with the Forbes ‘Outstanding Entrepreneur of the year’ award 2021. Dr. Rajan Mahtani’s contribution was instrumental in redefining the banking and financial sector of Zambia and as such, these contributions were recognised by Forbes.

The award ceremony was held during the annual FIN leadership and philanthropic roundtable conference. The Foreign Investment Network (FIN) conducts the annual roundtable conference inviting business leaders, visionaries and entrepreneurs from different fields including international business committee, opinion leaders, political leaders, policy makers, media partners, international investors and so on. The event was held online as a result of the ongoing coronavirus pandemic and saw participants joining the business conference from their respective locations. Dr. Rajan Lekhraj Mahtani was invited as one of the honorary speakers. During the business conference, Dr. Rajan Mahtani spoke about the significance of leadership in healthcare, specially political leadership for the growth and development of the healthcare sector.

Dr. Rajan Lekhraj Mahtani is one of the most respected and honoured businessman in Zambia. Some of the most famous companies established by Dr. Rajan Mahtani are Mahtani Group of Companies and Finsbury Investments. The Mahtani Group was established in 1981 and now is a conglomerate with presence across several sectors such as mining, energy, agriculture, real estate, insurance and finance. In a similar manner, the philanthropic and charitable contributions of Dr. Rajan Mahtani are also significant. He is the owner and current chairman of the Prison Fellowship Zambia. Similarly, Dr. Rajan Mahtani established the Stephen Malama award for top law graduates in Zambia along with scholarship.

Dr. Rajan Mahtani Announced As A Major Winner In The Forbes ‘Best Of Africa’ Awards

Posted on by
Reply

Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist from Zambia, recently received a prestigious award from Forbes. This award ceremony was held during the annual Forbes-FIN philanthropic and roundtable conference. Foreign Investment Network (FIN) is a UK-based organization that has been a critical driver for FDIs (foreign direct investments) across Africa as well as several developing economies. The objective of these strategies is changing the continent’s narrative. Over the years, FIN in partnership with several international organizations including Forbes have organised more than 40 international business and investment events for supporting the African market.

This roundtable conference is one of the most awaited and crucial business events in Africa as it is organized by Forbes with participation of local and international personalities. The roundtable conference invited international business communities, political leaders, opinion leaders, spiritual leaders, entrepreneurs, media partners, international investors as well as leaders from several sectors and areas who have contributed towards development of African nation in a significant manner. Dr. Rajan Mahtani was one of the honorary speakers during the event.

This year’s event was held online as a result of the ongoing coronavirus pandemic. The online event addressed philanthropy and humanitarian issues as well as the role of leadership in these areas. One of the strategic goals of this business event is charting action course for creating awareness regarding support for several public, private and national projects aimed towards benefiting the African economy and its society. Towards this goal, the Forbes ‘Best of Africa’ awards are organized with the objective of recognising the significant contributions of leaders and philanthropists. Dr. Rajan Mahtani was not only a honorary speaker during the event, he was also one of the winner of the Forbes ‘Best of Africa’ awards. To recognise and honor Dr. Mahtani’s contributions towards business, philanthropy as well as banking industry of Zambia, he was bestowed with the prestigious ‘Entrepreneur of the year’ award 2021. Dr. Rajan Lekhraj Mahtani was the only businessman for entire Zambia to be selected for this award.

Dr. Mahtani Shares Eulogy For Late Kenneth Kaunda

Posted on by
Reply

The entire Zambian nation recently woke up to the saddening news of the loss of his very-first President, Kenneth Kaunda. Dr. Mahtani, in his eulogy, praised Dr. Kaunda for his significant achievements in life, dedication towards the development and growth of Zambian nation as well as his sacrificial endeavour towards not only making Zambia independent but also uniting more than 70 tribes across Zambia into one national family and achieving the motto of ‘One Zambia, One Nation’.

Dr. Rajan Mahtani and late Kenneth Kaunda had several similarities in their philosophical underpinnings. One of the biggest associations was with the late father of Dr. Rajan Mahtani, Late Lekhraj Mahtani, who served as a Councillor in Ndola. Late Lekhraj Mahtani made significant contributions in the form of support and collaboration with Late Kenneth Kaunda in his quest for the freedom, uniting and development of the Zambian nation. This collaboration was taken ahead by Dr. Mahtani in the form of his dedicated business ventures for developing several provinces and cities of Zambia, bringing foreign direct investments in Zambia for improving its social, economic and technological position. Dr. Rajan Mahtani has further contributed to the Zambian nation with his charitable and philanthropic contributions such as development of facilities for less privileged people, development of the education system as well as charities for environmental protection. As such, it can be said that Dr. Mahtani is one of those few individuals in Zambia still following the path, legacy and philosophy underpinned by late Kenneth Kaunda.

Dr. Rajan Mahtani, despite remaining honest, ethical and transparent, achieved significant business success. This is the same philosophy of Dr. Kenneth Kaunda which Dr. Rajan Mahtani promotes and urges all Zambians to follow in their lives. By only following the principle of unity in diversity and ‘One Zambia, One Nation’, the Zambian nation will be able to grow and develop despite its significant differences and challenges. The eulogy shared by Dr. Mahtani focussed on this aspect and was beautiful.

Dr. Rajan Mahtani Shares Eulogy For Kenneth Kaunda, Zambia’s First President

Posted on by
Reply

The Mahtani family recently shared its deepest condolences towards the family, friends of Kenneth Kaunda along with the entire Zambian nation. It was certainly a saddening day when the entire Zambian nation woke up to the news of the sad demise of Dr. Kenneth Kaunda, its first-ever President and the Independence Hero of Zambia. Dr. Kaunda was respectfully regarded as the ‘Father of the Nation & African Union’ for his significant contributions towards the freedom fight for Zambian independence. He deserved a rest in the Heaven and now watches us from there.

Dr. Mahtani shared a special relationship with Dr. Kaunda. Dr. Mahtani’s father, the late Lekhraj Mahtani was a councillor based out of Ndola area. He played an instrumental role in providing the right support and collaboration to Dr. Kaunda in his fight for independence. Both Dr. Mahtani and Dr. Kaunda have faced several allegations their entire life and have been able to scratch these unethical demands with integrity, honesty and transparency. In fact, Dr. Rajan Mahtani and late Kenneth Kaunda share similar traits and personalities. Dr. Kenneth Kaunda exhumed a principles and exemplary life which rarely seen among people and the youth. He was known for his faith towards god, his selflessness, putting others before self, love for the mankind, taking inspiration from the god and engaging in sacrificial activities in life for the betterment of Zambian citizens. Dr. Kaunda, despite sacrificing his youth and adulthood towards Zambian freedom fight and later on the economic, social and political development of Zambia as its President, Dr. Kenneth Kaunda did not shy away from fulfilling his dreams during the later stages of his life. He was known amongst his friends and family as a guitarist, dancer, singer, footballer, writer, poet and many more.

Dr. Kenneth Kaunda exuberated vital legacy of pan-Africanism as well as a life of humbleness which Dr. Mahtani has adopted and encourages the Zambian youth to adopt the same.

Supreme Court’s Announcement Comes After Bizarre Appeal From The Ventriglia Family

Posted on by
Reply

The actual court proceedings for Portland Cement Zambia factory was over on 31st January 2019 when the higher Court of Appeal announced its final verdict on the case. Dr. Rajan Lekhraj Mahtani is one of the most respected and noted businessman in Zambia. He is known for his companies such as Mahtani Group of Companies, Finsbury Investment and Finance Bank Zambia. Dr. Rajan Mahtani also held the ownership for Portland Cement Zambia via his company Finsbury Investments before it was unethically taken over by the Ventriglia family. A case was registered at the Lusaka High Court with the hope of getting quick judgement. However, the Lusaka High Court dragged the case proceedings to more than a decade. Despite this, the final decision coming from the Lusaka High Court was controversial and justice Nkonde announced the Ventriglias as the only shareholders of the Portland Cement Zambia.

Dr. Rajan Mahtani, after consulting with his legal team, immediately decided to appeal against this misdirected and controversial decision. The appeal was approached at the higher Court of Appeal and on 31st January 2019, justice Mwinde on behalf of the higher Court of Appeal gave the final verdict on the case. As per the verdict, Dr. Rajan Mahtani owned Finsbury Investment holds 58 percent Portland Cement shares and is the majority shareholder as well as legal owner of the factory. Based on these evidences, the decision from the Lusaka High Court was effectively reversed.

The Ventriglia family, unhappy with the loss of the cement manufacturing factory from their control, decided to try their luck by approaching the Supreme Court Zambia. In their claim, the decision from the higher Court of Appeal was challenged. The Supreme Court established a bench of three SC judges for evaluating the case. After evaluation, the Supreme Court judge came to the conclusion that the claim from the Ventriglia do not hold any conclusive support and therefore, was effectively rejected.

Supreme Court Zambia Announces Decision On The Portland Cement Case

Posted on by
Reply

Supreme Court Zambia recently announced its final decision on the Portland Cement Zambia case. In this decision, the bizarre claim by the Ventriglia family was effectively rejected by the Supreme Court. The Ventriglia family, sometime back, made a bizarre claim in which the previous decision from the higher Court of Appeal was questions for its authenticity. It should be noted here that on 31st January 2019, justice Mwinde on behalf of the higher Court of Appeal discarded the decision from the Lusaka High Court and gave a fresh verdict on the Portland Cement Zambia case. In this verdict, Dr. Mahtani owned Finsbury Investments was announced as the majority shareholder and legal owner of the factory with 58 percent shares. On the other hand, the Ventriglias were announced as minority shareholders with 42 percent shares and without any legal ownership over the factory. The higher Court of Appeal had also clarified the amount to be paid against majority shares which was finalised at K580,000 against K580,000 claimed by the Ventriglias.

After the claim by the Ventriglia family, a bench of three Supreme Court judges was established. These included judge Royda Kaoma, Judge Mumba Malila and Judge Micheal Musonda. During evaluation, the SC bench found that the Ventriglia family failed to comply with a critical legal requirement which is submitting claims against previous court cases within 14 days of the decision. In this case, the higher Court of Appeal had announced its decision on the Portland Cement on 31st January 2019. Based on this, the Ventriglia family applied for their claim after more than 1.5 years, making it invalid. Furthermore, the Supreme Court bench also said that circumstances surrounding the claim by the Ventriglia family was controversial and beyond the jurisdiction of the Supreme Court. Based on these evidences, the claim by the Ventriglia family was effectively rejected by the Supreme Court Bench.

After Supreme Court’s Decision, Portland Cement Ownership Remains With Dr. Rajan Mahtani

Posted on by
Reply

Decision making across judiciary institutions is a tough act. The judges, lawyers and all individuals associated with a court system are working towards a common goal, giving justice to those seeking it with evaluation of the all evidences. However, despite this common vision, judiciary systems face unprecedented challenges due to lack of transparency, trust and knowledge. More often than not, legal and judiciary systems in developing nations such as Zambia face challenges due to corruption and unethical practices within. A similar challenge was faced by Dr. Rajan Mahtani after he first approached the Zambian judiciary system.

Dr. Rajan Lekhraj Mahtani is a noted businessman and philanthropist in Zambia. For more than three decades, Dr. Rajan Mahtani has been relentlessly working towards development of ethical and transparent companies in Zambia. He even worked towards developing Portland Cement Zambia as a profitable and notable companies in Zambia before it was unethically taken over by the Ventriglia family. A case battle started at the Lusaka High Court which dragged for more than a decade. Despite this, the final decision from the Lusaka High Court was controversial with the Ventriglia family announced as only shareholder of the Portland Cement Zambia.

Dr. Rajan Mahtani then approached the higher Court of Appeal. The judge at the higher Court of Appeal gave the decision in favour of Dr. Rajan Mahtani by announcing him the majority shareholder of Portland Cement with 58 percent shares as well as legal owner. This decision from the higher Court of Appeal came on 31st January 2019 and after more than 1.5 years of this decision, the Ventriglia family decided to appeal against the decision. This decision was then taken to the Supreme Court Zambia wherein a bench of three SC judges was established for evaluating the claim. After evaluation, it was found that the Ventriglia family failed to register their claim within 14 days of the higher Court of Appeal’s decision. As such, their claim was effectively rejected by the Supreme Court Zambia.

Final Verdict Regarding Portland Cement Zambia Claim By Ventriglia Declared By Supreme Court

Posted on by
Reply

Dr. Rajan Lekhraj Mahtani is one of the most respected and noted businessman in Zambia. He is respected for not only his acute business sense and successful ventures, but also for his philanthropic and charitable contributions. He is noted for his contributions towards recreational facilities, education sector with establishment of the Steven Malama award and financial contributions. Working in a developing nation like Zambia is never easy, and Dr. Rajan Mahtani continuously faces challenges in the form of corruption, unethical practices. However, Dr. Mahtani has been able to overcome majority of these challenges, sooner or later. One of the biggest challenge which Dr. Mahtani faced was related to Portland Cement Zambia. The cement-manufacturing factory was received by Finsbury Investment via an original shareholders agreement. After receiving majority shareholding and ownership, Finsbury Investment helped bringing loans and funds from banks and financial institutions for completing the factory’s construction and growth plans. This is when the Ventriglia family decided to disrupt the operations by questioning the legality of the shareholders agreement. A case was registered at the Lusaka High Court after the factory was unethically taken over. This case dragged for more than a decade at the Lusaka High Court and despite this, the final decision from the Lusaka High Court was extremely controversial. Justice Nkonde announced Ventriglia family as the only shareholders of the Portland Cement despite lack of evidences from the Ventriglias’ side. Continue reading →