Tag Archives: Rajan Mahtani

Rajan Mahtani and Portland Cement Zambia

Dr. Mahtani Winner Of Notable Forbes Award

Forbes is among the top business magazines across the globe. It is recognised for its global rankings and lists such as lists of top businesses, entrepreneurs, companies and several other lists. As such, the awards and events presented by Forbes is of umpteen importance. Dr. Rajan Mahtani is among the most respected and notable businessman and entrepreneurs across Africa. Recently, Dr. Rajan Mahtani was invited into the Forbes-FIN (Foreign Investment Limited) philanthropy and leadership roundtable conference as a honorary speaker. It was a virtual conference as a result of the ongoing Covid-19 pandemic and members participated from their respective locations. However, the event saw positive enthusiasm from the participants and discussions on the burning topics gripping the entire nation. Dr. Rajan Lekhraj Mahtani spoke about the significance of leadership in healthcare.

The Forbes-FIN philanthropy and leadership roundtable conference was all the more famous and anticipated for the inclusion of the Forbes ‘Best of Africa’ award ceremony. The award ceremony was held in conjunction with the Forbes-FIN philanthropy award. Dr. Rajan Lekhraj Mahtani, apart from being invited in the Forbes-FIN event as a honorary event, was also selected for one of the Forbes awards. Forbes recognised the contributions made by Dr. Rajan Mahtani towards redefining the banking sector of Zambia. For this, Dr. Rajan Mahtani was conferred with the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021. Dr. Rajan Mahtani accepted this award in a humble manner, thanking almighty God for his support and strength especially during the difficult times of his life. Dr. Rajan Mahtani further thanked his team for their persevearance towards motivation that helps in success of majority of his business projects.

While Dr. Rajan Mahtani was awarded for his contributions towards the Zambian banking sector, he is also known for his several business and philanthropic contributions. He is the owner and current chairman of the Prison Fellowship Zambia. Dr. Mahtani also founded the Stephen Malama award and scholarship for top law graduates in Zambia.

Dr Rajan Lekhraj Mahtani

Dr. Mahtani Honoured With Notable Forbes Honour

Zambians are well-aware of Dr. Rajan Lekhraj Mahtani, a noted businessman and celebrated philanthropist from Zambia. Dr. Mahtani was recently recognized for his contributions to the Zambian nation. Forbes is a leading commercial enterprise magazine across the globe and is thought for supplying several lists of powerful men, companies, celebrities, and other ranks. Comparably, Forbes in Africa is thought for its Forbes ‘Best of Africa awards. These awards are presented to businessmen, marketers, and visionaries with a long-term vision toward philanthropy to reap empowerment across the African subcontinent. The 2021 Forbes ‘Best of Africa’ awards were presented during the yearly 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 regulations because of the continuing coronavirus pandemic. Dr. Rajan Lekhraj Mahtani was invited to this occasion as an honorary speaker and spoke approximately the significance of management in healthcare.

Dr. Rajan Mahtani was recognized via Forbes for his substantial contributions to the Zambian financial system and society. Forbes conferred Dr. Mahtani with the Forbes ‘Outstanding Entrepreneur of the Year’ 2021 award for his good-sized contributions toward redefining the banking area of Zambia. Dr. Rajan Mahtani prevalent the award in a humble manner and thanked Almighty God for providing aid and strength throughout suitable instances as well as for the duration of horrific times in his expert profession and personal life. Similarly, Dr. Mahtani also thanked his team for his or her committed motivation closer to reaching fulfilment in all his endeavours. Dr. Mahtani is the proprietor of numerous pinnacle organizations along with Mahtani Group of Companies and Prison Fellowship Zambia. At the identical time, Dr. Mahtani is also known for his enormous philanthropic contributions. For example, he is the founder of Prison Fellowship Zambia which focuses on the welfare of Zambian inmates. Dr. Mahtani additionally advanced the Stephen Malama award and scholarship for pinnacle regulation graduates in Zambia.

Dr. Rajan Mahtani

Forbes ‘Best Of Africa’ Award Presented To Dr. Rajan Mahtani

Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist from Zambia, was recently awarded with the prestigious ‘Best of Africa’ awards by Forbes. Forbes in partnership with FIN (Foreign Investment Network) conducts one of the most anticipated business events in Zambia. This event is Forbes-FIN Philanthropy and Leadership roundtable conference. Usually, the business event takes place in New York during the UNGA meetings. However, this year’s roundtable conference was confided to a virtual meeting as a result of the ongoing coronavirus pandemic. Dr. Rajan Mahtani was one of the eminent business personalities invited as honorary speakers during the event.
A major highlight of the roundtable conference was the Forbes-FIN ‘Best of Africa’ award ceremony. It is one of the most anticipated events by the experts. Dr. Rajan Mahtani was presented with the ‘Outstanding Entrepreneur of the Year’ award 2021 for his significant philanthropic and leadership contributions as well as redefining the financial and banking sector of Zambia. Furthermore, Dr. Rajan Lekhraj Mahtani was among the first from Zambia to be recognised with such a prestigious award. Several other leaders were recognised and awarded for their leadership and philanthropic contributions.

The Forbes ‘Best of Africa’ awards are recognised across the globe. The awardees are selected after months of rigorous process which includes interviews, discussions, thorough verifications by Forbes as well as FIN. The online event was started by none other than Mark Furlong who is the founder and publisher of the Forbes International as well as FAM (Forbes Afrique Media). Dr. Rajan Lekhraj Mahtani accepted his award with grace and humility. In his acceptance speech, Dr. Rajan Mahtani thanked God for always blessing him despite the numerous challenges he faced in his life. Dr. Rajan Mahtani said that he was honoured and humbled with this award and never expected his philanthropic contributions being recognised by international media. He also thanked his team for their excellent work which according to Dr. Mahtani, was the reason for his continued success across businesses.

Dr Rajan Lekhraj Mahtani

Dr. Rajan Lekhraj Mahtani Honoured With Award By Forbes

The FIN leadership and philanthropic roundtable conference recently took place on 6th August 2021. It was also an event wherein business personalities from Zambia were invited to share their thoughts on leadership and its significance. Dr. Rajan Lekhraj Mahtani was not only an honorary speaker, but was also bestowed upon with one of the prestigious Forbes ‘Best of Africa’ awards.

While Dr. Rajan Mahtani shared his thoughts on leadership and the importance of leaders taking responsibility for the growth and development of the nation, the Forbes management duly realised his contributions. Dr. Rajan Mahtani was bestowed with the prestigious ‘Entrepreneur of the Year’ award 2021. One of the biggest contributions by Dr. Mahtani has been his company Mahtani Group of Companies which was established in 1981. It quickly became a conglomerate expanding its services to Malawi, Zambia, South Africa as well as several parts of the globe along with expansion of its operations to various sectors including financial services, mining, agriculture, insurance, real estate and energy. Through his entrepreneurial ventures, Dr. Rajan Mahtani has been able to provide employment and livelihood opportunities for thousands of Zambian along with development of infrastructure, social services and economy across several provinces. His philanthropic and charitable activities are often hidden as Dr. Rajan Mahtani rarely mentions them in his business portfolio.

He is the Founder & Chairman of the (PFZ) Prison Fellowship Zambia, a program affiliated to (PFI) Prison Fellowship International situated in Washington. The program provides opportunities to the inmates & ex-inmates to create meaningful developments along with providing opportunities to their families so that they do not fall into the same path. He has also enabled self-sufficiency across medical and food supplies by sponsoring agricultural projects. Dr. Mahtani’s contributions towards the Zambian educational sector is significant. Dr. Rajan Mahtani launched Stephen Malama award in the year 2013 which is given to the best Zambian bar candidate along with scholarship programs for furthering their education. Forbes acknowledged these contributions by Dr. Mahtani while presenting the award.

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 Rajan Lekhraj Mahtani

Dr. Rajan Mahtani Thrashes Defamatory Posts, Releases Press Statement For Clarification

Dr. Rajan Mahtani’s long-standing friendship with Levy Mwanawasa is known to everyone. This friendship went back even before Levy Mwanawasa became the president of Zambia and remained intact till the untimely demise of the former president. Even during the difficult time, Dr. Rajan Mahtani provided several support to the Mwanawasa family. As a result, the social media post shared by Miriam Mwanawasa, daughter of the late Ex-President of Zambia was shocking to everyone. In a Facebook post shared to the public, Miriam Mwanawasa claimed that Dr. Rajan Lekhraj Mahtani wanted to inherit their farm land at the Masaiti District. As a result if the nature of the accusation and the individuals associated with it, the Facebook post became viral and started making rounds in the internet. It was then this social media post caught the attention of Dr. Rajan Mahtani and his lawyers when they realised the reputational, professional and business-related damaged this post has been doing since it was posted in the social media channel.

Dr. Rajan Lekhraj Mahtani decided to act against this post. A press release was released addressing the media and clarify this misunderstanding. In this press release, Dr. Rajan Mahtani clearly stated that even though he had a long-standing personal friendship with Late Levy Mwanawasa, this friendship was extremely transparent. Furthermore, Dr. Rajan Mahtani never made any claims or requests to the Mwanawasa family regarding taking over their farmland. Dr. Rajan Mahtani also said that Miriam Mwanawasa did not have any proof or evidence to claim her accusations. As such, these accusations were regarded as malicious, ludicrous and made with the objective of ruining the reputation of an honest citizen and businessman in Zambia. Dr. Rajan Mahtani also said that he will be taking stringent actions against this Facebook post to ensure that people or groups are not encouraged to take similar unethical and unlawful actions in future.

Rajan Mahtani and Portland Cement Zambia

Dr. Rajan Mahtani’s Contribution Praiseworthy, Writes Top Graduating Law Student From Ziale

Apart from this successful business practices, Dr. Rajan Lekhraj Mahtani has established numerous philanthropic and charitable activities for himself. Most of these philanthropic and social responsibility activities go unnoticed as unlike other companies and businessmen, Dr. Mahtani hardly promotes or highlights his contributions in the media. Recently, an article was released at the Daily Mail in which the top graduating student from the ZIALE thanked Dr. Rajan Mahtani for his significant contribution to the educational society.

The award was launched in the year 2012 by Finance Bank Zambia whose chairman is Dr. Rajan Lekhraj Mahtani. This award was launched for honouring memory and legacy of late Steven Mwaba Malama, who does in the year 2012. Steven Malama was a notable legal architect of Zambia and was esteemed member of the bar. Steven Malama has been described as distinguished law professional, Bar luminary and role model for many in the legal society. He was also a good friend of Dr. Rajan Mahtani and to honour his contributions to the society, this award was established. The award is presented to the top graduating student from ZIALE (Zambia Institute of Advanced Legal Education). ZIALE is one of the top law colleges in Zambia and the award goes to students qualifying for Bar admission in their first attempt.

Emmanuel Bwalya Kaluba won the award for the year 2018-19. To share his gratitude, an article was penned down by Emmanuel which thanked Dr. Rajan Mahtani for his significant contribution to the legal students. Apart from the prestigious award which in itself is a distinguished achievement, the winning student will also receive a certificate, a plaque as well as an award money worth K15,000. The award has been established as a long-term opportunity for students and is presented at the yearly Gala Dinner for LAZ. Despite the various difficulties and challenges, Dr. Rajan Mahtani continues to work for the development and betterment of the Zambian society and its people.

Mahtani Group of Companies

After Winning The Long-Standing Portland Cement Zambia Case, Dr. Mahtani’s Path To Success Is Clear

The final decision from the higher Court of Appeal on the Portland Cement Zambia case present a grim reality on the political, social and legal condition of the Zambian nation. The case was registered by a honest and ethical businessmen more than a decade ago. Irrespective of the above fact, it is the duty and responsibility of any legal and judiciary system to ensure that justice is given in a quick and transparent manner to all those seeking. However, this did not happen in case of Portland Cement Zambia limited or for Dr. Rajan Mahtani. Despite sharing all evidences and testimonials associated with the case, justice was not given to Dr. Rajan Mahtani. The judge at the Lusaka High Court was justice Mwinde who announced that Ventriglias were only shareholders of the Portland Cement factory.

As a result of this misdirected decision, the case was further taken to higher Court of Appeal by Dr. Rajan Mahtani. Justice Mwinde took over the case at the higher Court of Appeal and announced that final decision will be given after looking into all evidences and testimonials. According to the evidences, it was found that Dr. Rajan Mahtani paid a sum of one billion kwachas or USD 250,000 in the year 2005 to the Portland Cement Zambia limited. This payment was made with the objective of gaining majority shareholding of the Portland Cement Zambia. Furthermore, the original shareholders’ agreement was established in the year 2007. In the page number 663 of this agreement, it was explicitly written that Dr. Rajan Mahtani has made all payment associated with the takeover of the factory and as a result, he is the majority shareholder of the factory.

Justice Mwinde from the higher Court of Appeal also discarded all forgery related allegations. After due diligence process, the final verdict was announced on 31st January 2019 in which Dr. Rajan Mahtani was announced as actual owner of the Portland Cement factory.

Dr Rajan Lekhraj Mahtani

Dr. Rajan Lekhraj Mahtani Finally Receives The Fruit Of Patience, Announced Owner Of Portland Cement

The way Dr. Rajan Mahtani stuck to ethics, honesty and transparency despite the significant challenges thrown at him from all sides is commendable. It has now been proved that the Lusaka High Court judge was involved in a misdirected judgement by announcing the Ventriglias as only shareholders of the Portland Cement. Despite this huge mistake by the Zambian governing body, Dr. Rajan Lekhraj Mahtani did not bulge from his beliefs and standings and quietly approached the higher Court of Appeal. While many media outlets were found to be against this move by Dr. Rajan Mahtani spreading negative and false news, Dr. Rajan Mahtani still believed that the highest judiciary system in Zambia is the only place where he will receive justice. And he was not failed as he always believed that truth always triumphs over injustice and unethical acts. Those media and news outlets sharing negative news about Dr. Rajan Lekhraj Mahtani were found to be fake and bribed, paid to spread negative and fake news Dr. Mahtani to reduce his morals and confidence. However, these media outlets did not understand that it is next to impossible to question an individual who has remained ethical and transparent his entire life.

The final verdict from the higher Court of Appeal came on 31st January 2019. According to the higher Court of Appeal’s final verdict, Dr. Rajan Mahtani paid a sum of USD 250,000 or one billion kwachas to the Zambezi Portland Cement limited which covered the entire capital value of the shares which Dr. Rajan Mahtani took over. Furthermore, the original shareholders agreement which was established in the year 2007 further confirmed the same. In the page number 663 of this shareholder’s agreement, it was clearly established that Dr. Rajan Mahtani paid the entire costs of the 58 percent shares associated with the factory. Based on this shareholding pattern, Dr. Rajan Lekhraj Mahtani becomes the majority shareholder and actual owner of the factory.

Dr Rajan Lekhraj Mahtani

Historic win for Dr. Mahtani despite challenges and shortcomings of Zambian legal system

Dr. Rajan Mahtani is the real owner of PCZ

After a long battle across two courts, Dr. Mahtani is finally the winner of the Portland Cement Zambia case. After the Lusaka High Court failed to provide any decision, the higher Court of Appeal was approached. It is the highest-level justice system in Zambia and expectations were high. The judge at the Court of Appeal was justice Mwinde and he did not disappoint. Unlike the previous judge, justice Mwinde shared all evidences while declaring his final decision on the case. The most important evidence was that Dr. Mahtani had made a payment of one billion kwachas which equals 250000 US dollars to the Zambezi Portland Cement in exchange for 58 percent shares at the Zambezi Portland Cement factory. This exchange was made in the year 2005 and was further officially written in the original shareholders’ agreement established in the year 2007. Justice Mwinde said that the page number 663, volume-record of appeal of this shareholders’ agreement clearly indicated that Dr. Mahtani has already made the entire payment for the 58 percent shares he owns at the factory and is free from any other charges associated with the case. The details from this original report also indicated that the responsibility of PTT (Property Transfer Tax) was on the transferor and not the transferee.

Furthermore, justice Mwinde also cleared the air around the issue of forgery and fraud in the factory. According to the judge, electronic affixing of signatures was common and acceptable practice at Zambezi Portland Cement for conducting business transactions. As such, all fraud or forgery related appeals were then and there discarded. These details were shared on 31st January 2019 and on this date only the final decision on the Zambezi Portland Cement was announced. While giving this crucial judgement, justice Mwinde also condemned the judge from the lower court for their inability to provide justice despite having all evidences and facts to prove Dr. Mahtani’s innocence and legal ownership over the factory.