Tag Archives: Mahtani Group of Companies

Dr. Rajan Lekhraj Mahtani Receives Significant Award By Forbes

Posted on by
Reply

Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist from Zambia, was recently conferred with one of the most prestigious philanthropy and leadership awards in Africa. This award ceremony was called Forbes ‘Best of Africa’ awards. As the name suggested, the award ceremony was developed by Forbes which is one of the top business magazines across the globe. The Forbes is famous for its rankings and lists of top businesses, entrepreneurs, leaders, and several other categories that are noted worldwide. In Africa, the Forbes ‘Best of Africa’ awards can be easily considered as the most awaited, respected and regarded corporate and philanthropy awards. The awards are given to visionaries, businessmen and leaders who have made significant contributions in the field of philanthropy and consider this as a means to achieve long-term empowerment of the African nation. One of the reasons for high value and recognition of the awards is the selection process. The selection process comprises of months of verification and background checks, conducted by both Forbes and FIN (Foreign Investment Limited). This is followed by interviews and discussions with the potential awardees to understand their viewpoints and long-term contributions as well as commitment towards philanthropy to achieve overall empowerment. Based on these evaluations as well as overall contributions of the candidates in philanthropy and leadership, the awards are given across different categories.

The 2021 Forbes ‘Best of Africa’ award ceremony was held during the Forbes-FIN philanthropy and leadership roundtable conference. This conference is usually held in New York. However, this year’s conference was held online as a result of the ongoing covid-19 pandemic. Dr. Rajan Mahtani was invited in this pandemic as an honorary speaker and discussed about the significance of leadership in healthcare. In a similar fashion, Dr. Rajan Mahtani was selected by Forbes for one of the ‘Best of Africa’ awards. Forbes recognised the contributions by Dr. Rajan Mahtani towards redefining the banking sector of Zambia and awarded him with the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021.

Dr. Rajan Lekhraj Mahtani Receives Forbes ‘Best Of Africa’ Awards

Posted on by
Reply

Dr. Rajan Lekhraj Mahtani, a popular businessman and philanthropist in Zambia, was recently recognized for his significant philanthropic, corporate, and business contributions towards Zambia over the years. This recognition came in the form of the Forbes ‘Best of Africa’ awards ceremony. It is among the most regarded and respected award ceremonies across Africa, recognizing those in the field of philanthropy as well as providing significant and long-term philanthropic achievements across their nation as well as across Africa to achieve long-term empowerment. The Forbes ‘Best of Africa’ award ceremony was a part of the annual FIN (Foreign Investment Network) philanthropy and leadership roundtable conference event. It is an annual event that usually takes place in New York, USA. However, this year’s event took place virtually as a result of the ongoing Coronavirus pandemic. Members in this event included international business community members, spiritual leaders, religious leaders, political leaders, entrepreneurs, media investors, businessmen, visionaries as well as international investors. Dr. Rajan Mahtani was invited to this event as an honorary speaker and spoke about the significance of leadership in healthcare.

Similarly, Dr. Rajan Mahtani was part of the Forbes ‘Best of Africa’ award ceremony. Dr. Mahtani is known for his significant contributions to the Zambian nation. Forbes recognized these contributions and conferred Dr. Mahtani with the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021. This recognition came specifically for Dr. Rajan Mahtani’s contribution towards redefining the banking sector of Zambia. Dr. Mahtani is the owner of several top companies in Zambia, Africa as well as across the globe. Some of these companies include Mahtani Group and Finsbury Investments. Mahtani Group is among the top conglomerates across Africa and Dr. Rajan Mahtani is the present Group Chairman. The company is known for improving the standards of several sectors including banking, finance, and agriculture. Dr. Mahtani is also known for his philanthropic and charitable achievements such as Prison Fellowship Zambia and Stephen Malama award and scholarship for top law graduates in Zambia.

Dr. Mahtani Recognized For His Business And Philanthropic Contributions By Forbes

Posted on by
Reply

Dr. Rajan Lekhraj Mahtani is one of the most notable, respected, and celebrated businessmen and philanthropists in Zambia. Recently, Dr. Rajan Lekhraj Mahtani was awarded one of the most honorable and regarded philanthropy awards in Africa. This award ceremony is called the Forbes ‘Best of Africa’ awards. For his significant contributions towards the banking sector of Zambia, Forbes conferred Dr. Mahtani with the ‘Outstanding Entrepreneur of the Year award. The award ceremony is usually held in New York, United States. However, this year’s award ceremony was held virtually because of the ongoing coronavirus pandemic. Dr. Rajan Mahtani was among the eminent individuals as well as the only businessman from Zambia who was recognized by Forbes for his leadership in philanthropy and business.

Dr. Rajan Mahtani was conferred with this award by the Forbes members during the FIN (Foreign Investment Limited) philanthropy and leadership roundtable discussions. While there are many philanthropy and business awards presented across Africa, this award is one of the highest value due to several reasons. The first one is the global recognition and value from Forbes, which is among the top business magazines across the globe. The second reason is the transparent yet rigorous process of selecting the recipients. The process involves months of verification and background checks followed by comprehensive discussion and interviews with the potential recipients regarding their views on philanthropy and leadership to achieve empowerment across the African subcontinent.

Dr. Rajan Mahtani was selected to be one of the ‘Best of Africa’ awardees for his significant business and philanthropic contributions as well as leadership spirit. He is the owner of top business entities across Zambia and Africa including Mahtani Group of Companies and Finsbury Investments. Apart from his business achievements, Dr. Mahtani is also known for his philanthropic and charitable achievements. Some of these include Prison Fellowship Zambia and Stephen Malama awards and scholarships for top law graduates in Zambia.

Forbes And Fin Felicitate Dr. Mahtani With ‘Best Of Africa’ Awards

Posted on by
Reply

Dr. Mahtani is the owner of the Mahtani Group of Companies which was established in the year 1981. In a few years after establishment, the Mahtani Group rose to fame and become one of the top conglomerates across Zambia as well as Africa. Some of the sectors where the company expanded were mining, agriculture, banking, energy, real estate, insurance and many more. Across each of these sectors, Dr. Mahtani was able to make significant contributions through social and economic benefits, community engagement, employment and livelihood opportunities for the locals as well as overall improvement of the industry standards. One of the clear examples have been the banking sector of Zambia. In a similar manner, the philanthropic and charitable contributions from Dr. Mahtani has been unique. Some of these contributions included the Prison Fellowship Zambia, a program affiliated by PFI (Prison Fellowship International), Washington. Dr. Rajan Mahtani is the present Chairman of this program which focusses on providing social support and justice for the inmates, ex-inmates as well as their families in Zambia. Dr. Rajan Mahtani is a firm believer in humanity and sees the best in people. As such, he believes that one of the effective ways of improving a nation is ensuring that the people with the least privileges are given opportunity to turn around their lives and contribute to the society in a positive manner, Apart from this philanthropic contribution in the criminal justice department, Dr. Mahtani has also made significant contributions in the educational sector of Zambia. Dr. Rajan Mahtani founded the Stephen Malama award and scholarship. This award and scholarship is made for top law graduates in Zambia. The award carries a scholarship worth thousands that would definitely help the top law graduates in building their careers.
These contributions from Dr. Rajan Lekhraj Mahtani were finally recognised by Forbes and FIN (Foreign Investment Limited) during the Forbes ‘Best of Africa’ awards ceremony. As such, Dr. Mahtani was conferred with the Forbes ‘Outstanding Entrepreneur of the Year’ award.

Dr. Mahtani Honoured With Forbes Awards For His Contributions

Posted on by
Reply

Dr. Rajan Lekhraj Mahtani is one of the most regarded and respected businessmen in Zambia. Dr. Mahtani was recently bestowed with one of the most prestigious awards across Africa. The annual Forbes-FIN (Foreign Investment Limited) roundtable conference was recently concluded via online media and broadcasted via YouTube medium. As a result of the ongoing coronavirus pandemic, this year’s conference was held via video conference wherein all participants attended the event from their respective locations. Dr. Rajan Lekhraj Mahtani spoke about the significance of political leadership in healthcare for the growth and development of the sector. The roundtable conference was an astounding success with participants coming from different fields and areas including members of international business communities. Apart from the roundtable conference, the event was also noted for the annual Forbes ‘Best of Africa’ awards. The awards are presented by Forbes in partnership with FIN to visionaries, entrepreneurs and businesses with significant and long-term contributions in philanthropy and leadership for growth and development of the nation.

For his significant contributions towards the banking sector of Zambia and redefining it, Dr. Rajan Lekhraj Mahtani was presented with the Forbes ‘Outstanding Entrepreneur of the Year’ 2021 award. Dr. Rajan Mahtani’s contributions in the business, economic and philanthropic areas has been significant. He is the founder and present Group Chairman of Mahtani Group which was established in the year 1981. The Mahtani Group quickly rose to become one of the top conglomerates across Zambia, expanding to various sectors like Insurance, Financial Services, Agriculture, Mining, Real Estate and Energy. Furthermore, the company also expanded to several nations such as South Africa, Malawi, Zambia and other parts across the globe. In a similar manner, Dr. Mahtani founded Finsbury Investments which is one of the top financial firms across Zambia. Apart from his business contributions, Dr. Rajan Mahtani is also known for his philanthropic and charitable contributions. Some of these contributions included Prison Fellowship Zambia and Stephen Malama award and scholarship for top law graduates in Zambia.

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.

Beautiful Eulogy Shared By Dr. Mahtani For Late Kenneth Kaunda

Posted on by
Reply

Before gaining global recognition as a nation, Zambia was a cluster of several small tribes, often fighting among themselves. One man is credited for uniting more than 73 tribes across the Zambian nation, resulting in a recognised nation within the world map as well as within Africa. This person is none other than the first president of Zambia, Kenneth Kaunda. Sadly, Kenneth Kaunda is no longer with us and his demise has certainly saddened the entire nation. The entire Mahtani family is devastated with this news and have shared their deepest condolences and regards to the Kaunda family. Dr. Mahtani and Kenneth Kaunda had close associations, dating back to the latter’s father, late Lekhraj Mahtani. A Ndola-based councillor, late Lekhraj Mahtani was instrumental in providing support as well as collaborating with Kenneth Kaunda in his quest for Zambian freedom and independence. It is with the support and earnest trust from dedicated people like late Lekhraj Mahtani that the Independence hero of Zambia was able to fulfil the dreams of an independent Zambia. This legacy of late Lekhraj Mahtani as well as Dr. Kaunda has been taken forward by Dr. Mahtani in his quest for development and continuous improvement of the Zambian nation. Dr. Rajan Mahtani’s established companies are a major source of employment and livelihood across several of the Zambian provinces. His companies like Finsbury Investments is credited for several public infrastructure projects such as schools, hospitals and housing complexes.

Despite baseless allegations continuously trying to strain Dr. Mahtani’s reputation, his work has never stopped and Dr. Mahtani continuous to refute such claims with utmost integrity, honesty as well as ethical and legal guidelines. As such, it can be said that Dr. Mahtani is an ideal candidate showcasing the legacy and philosophies set by late Kenneth Kaunda. His demise and remembrance is a period when Zambians must open their eyes to the state of Zambian politics, economy and social conditions and work together towards the betterment of the nation.

Portland Cement Zambia Ownership After Court Of Appeal’s Decision Remains Unchanged

Posted on by
Reply

As per the latest decision from the Supreme Court on the appeal from the Ventriglia, it is now a confirmed news that Dr. Rajan Lekhraj Mahtani is the majority shareholder and legal owner of the factory. This confirmation was invariable after the Ventriglia family suddenly decided to appeal against the verdict of Court of Appeal on the Portland Cement Zambia case. Dr. Rajan Mahtani is a noted businessman in Zambia who has been working tirelessly towards establishing an authentic and transparent business empire. Some of his top companies in Zambia are Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. In the year 2006-07, Finsbury Investments received majority shareholding and ownership of Portland Cement Zambia with the objective of developing the factory and completing the construction. However, all these growth plans were halted when the Ventriglia family decided to challenge the shareholding agreement according to which Finsbury Investments was owner of Portland Cement. This started a significant court battle at the Lusaka High Court lasting for more than a decade. Despite this long pendency, the final verdict which came on 31st January 2019 was controversial as justice Nkonde of Lusaka High Court announced Ventriglias as the only shareholders of the Portland Cement Zambia.

Dr. Rajan Lekhraj Mahtani was able to successfully challenge this decision at the higher Court of Appeal. On 31st January 2019, justice Mwinde on behalf of the higher Court of Appeal gave the final decision that the verdict from the Lusaka High Court was misdirected and must be reversed. Furthermore, justice Mwinde confirmed that Dr. Rajan Mahtani owned Finsbury Investments should remain the majority shareholder and legal owner of the factory. After more than a year of this verdict, the Ventriglia family challenged it by claiming it to be false. It was challenged at the Supreme Court Zambia. After detailed evaluation, the Supreme Court bench concluded that the claim from the Ventriglia family was invalid and therefore, was effectively rejected.

Bench Of Three SC Judges Evaluate The Appeal From The Ventriglia Family Regarding Higher Court Of Appeal’s Verdict

Posted on by
Reply

If the court proceedings and verdicts are to be considered, the case of Portland Cement Zambia was over on 31st January 2019. On this date, justice Mwinde on behalf of the higher Court of Appeal reversed the previous decision from the Lusaka High Court on Portland Cement wherein the Lusaka High Court judge announced the Ventriglia family as the only shareholders of the Portland Cement Zambia factory. In his final verdict, judge Mwinde from Court of Appeal announced that Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the Portland Cement Zambia factory and is the majority shareholder as well as the legal owner of the factory. At the same time, he also confirmed that Ital Terrazzo Limited owned by the Ventriglia family holds only 42 percent shares of the Portland Cement factory and therefore, does not have any legal ownership over the factory. With these evidences and facts, justice Mwinde had reversed the Lusaka High Court’s controversial and misdirected decision and gave the final verdict in which Dr. Mahtani received back legal ownership of the Portland Cement Zambia.

After more than 18 months of this higher Court of Appeal’s decision, it was challenged by the Ventriglia family at the Supreme Court Zambia. In their challenge, the Ventriglia family claimed that the decision from the higher Court of Appeal on Portland Cement factory was unethical. However, a bench of three SC judges established to evaluate this claim from the Ventriglia family found otherwise. After initial evaluation, the Supreme Court judges found that the Ventriglia family failed to submit their appeal within the given timeframe for such appeals which is 14 days from the previous court judgement. Furthermore, the evaluation also concluded that the evidences shared by the Ventriglia family were controversial and the SC judges did not have any jurisdiction to change the court decision. After these evaluations, the SC judge bench finally concluded that the claim from the Ventriglia family is to be rejected.

Dr. Rajan Mahtani Manages To Expose Fake Claims Against Him With Press Statement With Facts

Posted on by
Reply

Dr. Rajan Lekhraj Mahtani differentiates himself from most of the other businessmen in Zambia with his transparent and ethical business practices and true devotion for the welfare of the Zambian society and its people. This devotion is seen in areas of philanthropic and charitable contributions as well as a straightforward and transparent business empire. This can be seen as a major reason behind scrupulous and unethical entities trying to frame him with fake claims and negative rumors. Dr. Rajan Mahtani has been able to win over these rumors almost every time without creating any campaign or response strategies. However, in some situations response strategies become critical for exposing false claims.

During his more than three decades of business experience, Dr. Rajan Mahtani made a number of industry friendships from different spheres and sectors. One of them was Levy Mwanawasa with whom Dr. Rajan Mahtani had a long-lasting and transparent friendship. Dr. Rajan Mahtani’s friendship with Levy Mwanawasa goes way back even before the latter was made the President of Zambia and continued till his early demise. As a result, it was a shocking revelation when it was found that Miriam Mwanawasa made a ludicrous claim against Dr. Rajan Mahtani. In a Facebook post, Miriam Mwanawasa claimed that Dr. Rajan Mahtani intended to take over the land at the Masaiti district owned by the Mwanawasa family. However, this claim was entirely false and as a result, Dr. Rajan Mahtani decided to take action by releasing a press statement.

In this press statement, Dr. Rajan Mahtani clarified that he never made any claims, intentions or requests regarding taking over the said land. He further stated that his friendship with late Ex-President of Zambia Levy Mwanawasa was extremely transparent. At the same time, it was further pointed out that Miriam Mwanawasa did not have any proof or evidence to support her claims. As such, her claims were regarded as baseless and Dr. Rajan Mahtani assured actions against her.