Misplaced Pages

Madhvani Group

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.

The Madhvani Group of Companies commonly referred to as the Madhvani Group , is one of the largest conglomerates in Uganda . The group has investments in Kenya, Uganda, Rwanda , South Sudan , Tanzania , the Middle East , India , and North America .

#837162

19-575: In 1912, Muljibhai Madhvani , then aged 18, arrived in Jinja following his older brother Nanjibhai. Starting in 1914, he was able to join his brothers small trading concern and help create a business that would later account for 10 percent of Uganda's gross domestic product. Following the Asian expulsion of 1972 Muljbhai's five sons decided to split parts of the business equally. His workers and their dependents have enjoyed free education, housing, and healthcare under

38-546: A 40 percent share in the brewery, raising this to full ownership in July 2001. The company is now a proud part of the ABInBev family after the successful completion of the business combination with SABMiller plc in 2016. In October 2013, NBL opened a new brewery in Mbarara , about 250 kilometres (155 mi), south-west of Kampala. Built at a cost of US$ 90.6 million (about UGX:235 billion),

57-637: A local barley growing initiative and to supply barley malt to the brewery. Involved in this construction was Excel Construction Limited, formed in 1992 as a joint venture company between the Madhvani Group and Gomba Construction Company Ltd. As of 2013, Nile Breweries had ten locally produced beer brands (Nile Special, Nile Gold, Club Pilsner, Castle Lite, Castle Milk Stout, Eagle Lager, Eagle Extra, Eagle Dark, Eagle Poa and Chairman's ESB), one locally produced traditional African beer ( Chibuku ), two imported lagers ( Castle Lager and Grolsch ) . As of 2014,

76-693: A retail business in Iganga . There he learned about trade and industry. Within that same year, his uncles entrusted him with opening up an affiliated store in Kaliro in modern-day Kaliro District . The business acumen impressed his uncles enough that they later asked him to open another shop in Jinja , where he started to build his first business, Vithaldas Haridas & Company, while continuing to work for his uncles. In 1918, his company bought 800 acres (3.2 km ) of land in Kakira , between Jinja and Iganga , for starting

95-446: A sugar factory. Muljibhai later became the managing director of Vithaldas Haridas & Company. The sugar complex, which is today known as Kakira Sugar Works , opened in 1930. Through additional purchases of land, the current company land holdings at Kakira, free to an excess of 9,500 hectares (37 sq mi), by of April 2009. Muljibhai's two elder sons, Jayant Madhvani and Manubhai Madhvani, joined him in 1946 to assist in running

114-627: Is the leading beer manufacturer in Uganda . The NBL's headquarters and main brewery are in the town of Njeru in Buikwe District , approximately 6 kilometres (4 mi) north-east of the central business district of Jinja, Uganda . This is approximately 77 kilometres (48 mi), by road, east of Kampala , the capital and largest city of Uganda. The coordinates of the company headquarters are 0°26'19.0"N, 33°10'47.0"E (Latitude:0.438620; Longitude:33.179720). NBL had an estimated 52 percent share of

133-563: The Uganda Development Bank , they resurrected and rehabilitated their businesses and started new ones. The Muljibhai Madhvani Foundation is a charitable trust that was established in 1962, just before Uganda gained its independence, to honor the vision of Muljibhai Madhvani (14 May 1894 – 11 July 1958). The foundation awards scholarships to deserving undergraduate and postgraduate university students to study in Ugandan universities. One of

152-529: The Asian expulsion in 1972 by Idi Amin . By then, the group had grown into a complex of 52 industrial, commercial and agricultural companies, operating in East Africa, Central Africa and Southern Africa. In 1972, the Madhvanis, who had known no other home besides Uganda, left the country penniless, along with thousands of other Asians Ugandans. However, the family returned in 1982 to repossess their properties under

171-529: The Expropriated Properties Bill extended by the Obote government to coax Asians back to the country. On return, they found the sugar estate in shambles. Less than 5,000 acres (20 km ) was under cane cultivation and sugar production had long ceased. All the associated industries such as oil and soap were mere shells of their former selves. The company was debt-ridden and Uganda was uncreditworthy at

190-648: The Group. The Group's businesses are run primarily by Madhvani family members, but many of the newer investments are joint ventures with other businesses. During the 1970s, the Madhvani family was expelled from Uganda by Idi Amin and their businesses were nationalized and mismanaged to near-extinction. In 1985, the family returned to Uganda and with loans from the World Bank , the East African Development Bank , and

209-489: The Ugandan beer market in 2013. This has since grown to 57 per cent. Eagle Lager was launched to promote the use of locally grown sorghum to make lager beers and to reduce reliance on imported raw materials. Brand extensions now include an Eagle Extra, Eagle Poa and Eagle Dark. NBL started in 1951 as a single brewery in Jinja. The brewery was nationalised in 1972 by President Idi Amin . In 1997, South African Breweries bought

SECTION 10

#1732854958838

228-513: The brewery was projected to produce 5.5 million crates of beers annually. The new brewery uses sorghum, maize , and barley , which are grown mostly by farmers in the region. The products of this brewery are marketed locally and exported to South Sudan and the Democratic Republic of the Congo . A maltings plant with a 120-ton piece size was built on the brewery site at Jinja in 2011 to support

247-423: The business. It was during this decade that Muljibhai ventured into textiles and beer. Using what was probably the first International Finance Corporation loan to an African country, he set up Mulco Textiles in Jinja. By the 1950s, the sugar estate was well established. He also acquired Nile Breweries in 1957. The brewery was divested to South African Breweries in 2002. According to the group company profile,

266-526: The foundation's primary objectives is to maintain and promote scientific and technical education among the people of Uganda. The Madhvani Group includes but is not limited to the following companies: Official Website Muljibhai Madhvani Mulji Prabhudas Madhvani (1894–1958), commonly referred to as Muljibhai Madhvani was an Indian-born Ugandan businessman, entrepreneur, industrialist and philanthropist. Born in India , he migrated to Uganda when he

285-700: The success of the most prominent Lohana families in Uganda, Nanji Kalidas Mehta and Sons, M. P. Madhvani and D. K. Hindocha had much influence on Lohana migration from Porbandar and Jamnagar.." He studied up to Standard VII, before joining the Lohana Boarding House in Porbander , Bombay Presidency, India. He dropped out shortly after Class 1. He migrated to Uganda in 1908, two years following his older brother Nanjibhai's East African emigration. In 1911, at age 17, he began working for his uncles, Vithaldas and Kalidas, in

304-449: The term "corporate social responsibility" was even devised. Muljibhai Madhvani died on 11 July 1958 in Kakira , where he was cremated. However a mausoleum that was constructed in his memory lies at the lakeside along that of his elder son and heir, Jayant Madhvani. After the death of their father, Jayant and his brother Manubhai, oversaw the group's diversification into oil and soap manufacturing, steel, tea and glass production. Then came

323-411: The time. But the World Bank gave the group a £50 million (US$ 60 million) loan to rehabilitate the estate. More loans from the East African Development Bank and the Uganda Development Bank helped revive the conglomerate and fuel the acquisition of new assets. The following are some of the prominent members of the Madhvani family: Nile Breweries Limited Nile Breweries Limited ( NBL )

342-414: The years up to the 1960s were prosperous for Uganda and Madhvani. The commodity market was expanding and the middle class, spawned by Uganda's industrialisation, growing steadily. As his business flourished, Muljibhai was keen to take care of the well-being and welfare of his employees and the community. His workers and their dependents have enjoyed free education, housing and healthcare, many decades before

361-524: Was only 14 years old. In 1912, he started his first business in Jinja . He expanded and added to that initial investment and out of those efforts, the conglomerate known as the Madhvani Group was born. Muljibhai Madhvani was born to Prabhudasbhai Madhvani and Laduma Madhvani in Ashiyapat in Ranavav Taluka of Porbandar , India on 18 May 1894. He was born in a Gujarati Lohana caste. Quote: "Probably

#837162