Tag Archives: Dr Rajan Mahtani

Dr Rajan Lekhraj Mahtani

Dr. Rajan Lekhraj Mahtani Honored With Top Forbes Award

Dr. Rajan Lekhraj Mahtani, the prominent Zambian businessman and philanthropist, was recently conferred with one of the top philanthropy and leadership awards of Africa. For his significant contributions especially in the banking sector, Dr. Mahtani was conferred with the Forbes ‘Best of Africa’ award ceremony. It was one of the most critical and anticipated award ceremonies hosted for African businesses, entrepreneurs, and visionaries. Dr. Rajan Mahtani was conferred with the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021. Dr. Rajan Mahtani humbly accepted this award and dedicated it to Almighty God as well as his team for their dedication and passion.

Apart from Dr. Rajan Mahtani, there were several other businessmen, entrepreneurs, and visionaries who received prestigious awards for their significant contributions to philanthropy. Some of these winners included Paul Adefarasin, Wendy Ackerman, Nana Kwame Bediako, Sam Matekane, Leonard NS Ekeh, Ken Sharpe, Claver Gatete, and Mahmood Ahmadu. Ken Sharpe rose to prominence with his numerous businesses, especially in the infrastructure and real estate sector. Like Dr. Mahtani, Mr. Mahmood Ahmadu is known as one of the leading entrepreneurs & philanthropists from Africa. Similarly, Sam Matekene and Nana Bediako have made a name for themselves with serial entrepreneurship, as well as being one of the top noted visionary, industrialists, and philanthropists across Africa. Therefore, it can be said that it is good that there are so many entrepreneurs, businessmen, and visionaries who are working hard and thinking about the welfare of the African nation, just like Dr. Rajan Mahtani. However, the event also highlighted the need for many more hands as well as investment to achieve the African development goals. The event further highlighted the fact that several entrepreneurs and visionaries are not able to make their dreams a reality due to a lack of financial support, funds, investment, or subsidies. In such a scenario, events like Forbes-FIN play a crucial role in gathering funds and financial support for these such visionaries and budding entrepreneurs.

Dr Rajan Lekhraj Mahtani

Dr. Mahtani Receives Global Recognition With Forbes Award

Dr. Rajan Mahtani is the real owner of PCZ

Dr. Rajan Lekhraj Mahtani, a noted businessman, philanthropist, and charity worker from Zambia, was recently conferred with one of the most prestigious awards in Zambia. Forbes is a leading business magazine across the globe and is known for presenting several lists of powerful men, businesses, celebrities, and other ranks. In a similar manner, Forbes in Africa is known for its Forbes ‘Best of Africa awards. These awards are presented to businessmen, entrepreneurs, and visionaries with a long-term vision towards philanthropy to achieve empowerment across the African subcontinent. The 2021 Forbes ‘Best of Africa’ awards were presented during the annual FIN (Foreign Investment Network) philanthropy and leadership roundtable conference. This year, the leadership roundtable conference was held virtually to comply with the social distancing and lockdown restrictions because of the ongoing coronavirus pandemic. Dr. Rajan Lekhraj Mahtani was invited to this event as an honorary speaker and spoke about the significance of leadership in healthcare.

In a similar manner, Dr. Rajan Mahtani was recognized by Forbes for his significant contributions to the Zambian economy and society. Forbes conferred Dr. Mahtani with the Forbes ‘Outstanding Entrepreneur of the Year’ 2021 award for his significant contributions towards redefining the banking sector of Zambia. Dr. Rajan Mahtani accepted the award in a humble manner and thanked Almighty God for providing support and strength during good times as well as during bad times in his professional career and personal life. In a similar manner, Dr. Mahtani also thanked his team for their dedicated motivation towards achieving success in all his endeavors. Dr. Mahtani is the owner of several top companies such as Mahtani Group of Companies and Prison Fellowship Zambia. At the same time, Dr. Mahtani is also known for his significant philanthropic contributions. For instance, he is the founder of Prison Fellowship Zambia which focuses on the welfare of Zambian inmates. Dr. Mahtani also developed the Stephen Malama award and scholarship for top law graduates in Zambia.

Dr. Rajan Mahtani

Dr. Rajan Lekhraj Mahtani Gives Tribute To Late Kenneth Kaunda

Dr. Mahtani recently shared a tribute on the occasion of sad demise of the beloved and respected Kenneth Kaunda, known among the Zambians as well as Africa as the ‘Father of the nation and the African Union’. Dr. Kaunda was a person of many hats and though few hundred words are not enough to describe his passion and accomplishments, Dr. Mahtani did it beautifully via his eulogy shared via his company Mahtani Group of Companies.

Dr. Kaunda can be described as one of the most accomplished individuals across Zambia. Despite allegations here and there as well as difficulty in managing the economy, Dr. Kaunda did a fine job as the first President of Zambia. He was the independence hero of Zambia and had one of the most important role in the Zambian freedom. In his quest for Zambian independence, one individual provided significant support and that was late Lekhraj Mahtani, father of Dr. Mahtani. Late Lekhraj Mahtani was a councillor from Ndola who collaborated and supported Dr. Kaunda. This legacy has been carried on by his son, Dr. Rajan Mahtani. Dr. Mahtani has been instrumental in bringing infrastructural and economic growth in Zambia with his significant companies. Some of his top companies are Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. Almost all of his companies are known to work towards providing opportunities to the less privileged, providing employment opportunities as well as engaging in charitable and philanthropic activities.

One of the most significant contributions from Dr. Kaunda was uniting more than 70 tribes across Zambia into one nation, standardizing the economy, public governance in the process. Even though Zambia has a long way to go before it becomes in-line with other developed and growing nations, Dr. Kaunda was instrumental in creating a path for the Zambian government and authorities. This is Dr. Kaunda’s legacy and this is what Dr. Mahtani as well as Dr. Kaunda wants the Zambian citizen and its government to follow.

Dr. Mahtani and Finance bank

Supreme Court Announces Verdict In Dr. Mahtani’s Favour

The case of Portland Cement Zambia seems to be never-ending. It started at the Lusaka High Court and ended with Supreme Court Zambia, becoming one of those few cases coming to a full cycle. The case started when Portland Cement Zambia was unethically and illegally taken over, resulting in Dr. Mahtani approaching the Lusaka High Court for justice. Despite a long wait for more than a decade, Dr. Mahtani did not receive justice and justice Nkonde on behalf of the higher Court of Appeal announced the Ventriglia family as the majority shareholder, despite the fact that the Ventriglia family failed to provide any significant document proving their ownership. After that, Dr. Mahtani approached the higher Court of Appeal with the hope of quick justice. The judge at the higher Court of Appeal was justice Mwinde who gave the final decision on 31st January 2019. In this verdict, justice Mwinde reversed the previous decision from the Lusaka High Court and announced that Dr. Mahtani should be the majority shareholder and legal owner of the Portland Cement Zambia factory.

It seems like the Ventriglia family were dissatisfied with this transparent and unbiased judgement and decided to approach the Supreme Court Zambia regarding this matter. A bench of three Supreme Court judges was then established for evaluating these aspects. These included judge Mumba Malila, judge Royda Kaoma and judge Michael Musonda. Together, an investigation on the validity of the claim by the Ventriglia family was launched and the bench found several aspects. One of the most critical aspects was that the Ventriglia family failed to comply with critical legal requirement in which all claims against previous court decisions must be submitted within 14 days of the judgement. However, the Ventriglia family approached the Supreme Court Zambia only after 1.5 years of the decision. As such, the Supreme Court Zambia declared that the case was beyond their jurisdiction and also invalid due to technical and legal failures, rejecting it effectively.

Chairman Finance Bank Zambia

Portland Cement Factory Ownership Is Now Stable, Supreme Court Confirms It Its Statement

Dr. Rajan Lekhraj Mahtani is a noted businessman in Zambia. His successes expand to several companies and businesses including Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. He is also known for his philanthropic and charitable activities, which often go unnoticed as Dr. Mahtani refrains from promoting or publishing his philanthropic acts. Despite this, Dr. Rajan Mahtani has faced several challenges in conducting his businesses. One of the biggest challenge till date has been associated with Portland Cement Zambia, a cement-manufacturing factory under dispute for more than a decade over its legal ownership.

Despite an official takeover by Finsbury Investments, the cement-manufacturing was unethically taken over by the Ventriglia family, prompting an appeal at the Lusaka High Court. However, the Lusaka High Court failed to provide transparent decision and announced Ventriglias as only shareholders after more than a decade of case proceedings.

Dr. Rajan Lekhraj Mahtani then decided to approach the higher Court of Appeal where justice Mwinde took over the case. The case proceedings went for around nine months and final verdict came on 31st January 2019. In this verdict, the decision from the Lusaka High Court was reversed and Dr. Rajan Mahtani was announced as the majority shareholder and legal owner of the factory.

The Ventriglia family, unhappy with this decision, launched another appeal at the Supreme Court Zambia. In their appeal they challenged the decision of the higher Court of Appeal. The Supreme Court then established a bench of three SC judges for evaluating the case. During evaluation, it was found that the Ventriglia family failed to comply with a critical legal requirement under which all claims against previous court decision must be made within 14 days of the case verdict. In this case, the claim by the Ventriglia family was made only after 1.5 years, making the claim invalid. Along with several other evaluations, the Supreme Court bench finally decided to reject the appeal by the Ventriglia family.

Dr Rajan Lekhraj Mahtani

Portland Cement’s Ownership Remains Unchanged After Higher Court Of Appeal’s Decision, Confirms Supreme Court Zambia

Finsbury Investments is a noted financial company in Zambia under the ownership of Dr. Rajan Lekhraj Mahtani. Finsbury Investments took over majority shareholding and ownership of the Portland Cement Zambia during the period of 2006-2007. This ownership was officiated with an original shareholders agreement. Despite this official statement, the factory’s ownership was disputed and the legality of the shareholders’ agreement was questioned. However, Zambian people were not surprised as the entity responsible for this disruption is known to create such nuisances from time to time. The ownership of Portland Cement Zambia was questioned by the Ventriglia family and this resulted in a case at the Lusaka High Court. Despite having all evidences and testimonials in his favour, Dr. Rajan Mahtani was not able to persuade the court that was blinded by political maneuverers, corporate criminality and political pressures. As a result, Lusaka High Court announced verdict in favour of the Ventriglia family.

Apart from being extremely transparent and ethical, Dr. Rajan Lekhraj Mahtani is a no non-sense person and he knew that if Lusaka High Court fails to give him justice, he needs to approach a higher Court. As such, Dr. Rajan Mahtani immediately approached the higher Court of Appeal and received justice on 31st January 2019. The final verdict from the higher Court of Appeal reversed the decision from the Lusaka High Court and announced Dr. Mahtani as the majority shareholder and legal owner of the Portland Cement Zambia factory. Fast forward to almost two years, the Ventriglia family once again decided to appeal to the Supreme Court against the higher Court of Appeal’s decision.

A bench of three Supreme Court judges was established for evaluating this claim by the Ventriglia family. After evaluation, the SC bench came to the conclusion that they did not comply with critical requirement of submitting case within 14 days. As such, the Supreme Court bench effectively rejected their case.