Mian Muhammad Mansha
Mian Mohammad Mansha | |
|---|---|
 | |
| Born | Mian Mohammad Mansha Yahya 1941 (age 83–84) |
| Nationality | Pakistani |
| Alma mater | Hendon College of Technology |
| Occupation | Businessman |
| Spouse | Naz Mansha |
Mian Mohammad Mansha Yahya (Urdu: میاں محمد منشاء) is a Pakistani business magnate who is the current chairman of MCB Bank.[1] His family owns Nishat Group.[2] Mansha and some of his immediate family members are among the highest tax-paying individuals in Pakistan.[2]
Mansha owns some of the most expensive houses in Europe, including the St. Georges Hill gated estate in London.[3]
Early life and education
[edit]Mansha was born in Chiniot into a business family. In the 1930s, Mansha's family had migrated to Kolkata, Bengal from Punjab. After the Partition of India, the family returned to Punjab, Pakistan. His family founded a cotton ginning business which later became the Nishat Mills Limited.[4] He did his early schooling at Sacred Heart Convent, Faisalabad. Later, he attended Hendon College, London and earned a degree in business administration.[5]
Career
[edit]
Mansha moved back to Pakistan after completing his studies in 1968. He began his career by joining the family business, Nishat Mills Limited in 1969 when his father died.[6] Later, the business was split among his uncles.[4][6]
In 1979, Mansha set up Pakistan's largest textile complex of seven factories in Nishatabad near Faisalabad. In the later years, another textile complex followed in Chunian near Lahore.[2]
In 1992, Mansha acquired Muslim Commercial Bank along with other businessmen of Pakistan.[2] In the late 2000s, Mansha's subsidiares acquired two power plants in Pakistan.[7][8]
Mansha also served as a member of the board of directors at the Atlantic Council.[9]
Wealth
[edit]In March 2010, Mansha was the first Pakistani making it to the Forbes billionaires list.[6] He was worth US$2.5 billion in 2013.[10]
Mansha owns red Mercedes E-class, Jaguar convertible, a Porsche turbo, a BMW 750, a Range Rover, and a Volkswagen, besides a turboprop plane and an eight-seater jet.[5]
Awards and recognition
[edit]Mansha was awarded the Sitara-e-Imtiaz civil award by President of Pakistan Pervez Musharraf on 23 March 2004.[11]
See also
[edit]References
[edit]- ^ https://www.forbes.com/profile/mian-mohammad-mansha/
- ^ a b c d Optimism, appetite of a billionaire, Dawn (Pakistan), Published 14 October 2013. Retrieved 3 July 2017
- ^ "Surrey's most expensive streets where two Beatles once lived". 30 December 2022.
- ^ a b Henny Sender (10 August 2012). "Lunch with the FT: Mian Muhammad Mansha". Financial Times. Retrieved 2 July 2017.
- ^ a b "The man behind Pakistan's biggest conglomerate". Fortune India. 3 January 2018.
- ^ a b c "The World's Billionaires: #937 Mian Muhammad Mansha's Profile". Forbes. 3 October 2010.. Retrieved 2 July 2017
- ^ Dilawar Hussain (15 December 2009). "Nishat Mills to acquire two thermal plants". Dawn. Retrieved 2 July 2017.
- ^ "GE signs Digital Power Plant agreements with Lalpir Power in Pakistan". The Peninsula. 10 October 2016.
- ^ "Board of Directors". Atlantic Council. Retrieved 12 February 2020.
- ^ Yoolim Lee and Naween A. Mangi (2 December 2008). "Pakistan's Richest Man Defies Terrorism to Expand Bank Empire". Bloomberg. Retrieved 2 May 2010.
- ^ "Awards for civilians announced". Dawn. Pakistan. 14 August 2003. Retrieved 12 September 2018.