The Pakistani Spectator

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Mian Muhammad Mansha Yaha : Profile and Picture

By Sher Ali • Mar 11th, 2010 • Category: Politics • 38 Comments

Mian Muhammad Mansha is a prominent industrialist and entrepreneur who is often regarded as the richest man in Pakistan. Born in Lahore to a wealthy Chiniot family, his privileged upbringing allowed him to enjoy an early business education at an elite university. He formally joined the family business after completing his studies in London.

mian-mansha

Mr Mansha has catapulted to the top of Pakistan’s richest families from the 15th position in 1970 and 6th in 1990 because of combination of factors such as his marriage to Naz, who is part of Saigol dynasty. Like several other Chinioti businessmen, Mansha had worked in a leather business in Calcutta (India) before moving to Pakistan in 1947. It was in Calcutta that Mansha developed a rapport with Naz Saigol which led to their marriage in 1970.

Mian Muhammad Mansha has a preference for only the finest tailor made clothing from London. He is often seen donning handmade suits from Savile Row. When visiting London his other favourite boutiques include Gucci, Chanel and Harrods.

Mian Mansha’s conglomerate greatly benefited from the privatization drive of the 1990s. Through this period, he made a number of acquisitions and buy-outs, including engineering at least one hostile takeover. When the dust settled, Mansha had acquired a controlling position in Adamjee Group, the country’s largest non-life insurer, and D.G. Khan Cement, previously owned by the Saigol family. While going through these large acquisitions, he was simultaneously expanding his legendary Nishat Textiles, the country’s largest exporter of textile goods.

But all these achievements, perhaps, play third fiddle to Mansha’s master-stroke: the acquisition of one of Pakistan’s most profitable banks, MCB Bank Limited. Competing with several other bidders in a privatization process, there were several challenges to overcome, but ultimately he persevered. Under Mian Mansha’s watch, MCB has demonstrated flawless execution, admirable growth and has built one of the premier financial services management teams in the country.

Mian Mansha has proceeded to venture into new terrain, executing deals with state-owned WAPDA (Water and Power Distribution Authority) to sell excess power capacity installed at Nishat’s various facilities. This led to the founding of Nishat Power, which is now going from strength to strength his son Qasim Mansha also laying important part in his decisions.

MCB has also recently joined hands with Maybank of Malaysia which has a 20% controlling share in the bank.

The general perception is that MCB was privatized to Mian Mansha and his associates because of his friendship with Nawaz Sharif. However, Mian Mansha feels that, investing in the shares of Muslim Commercial Bank (MCB) has been one of his biggest business slip ups. The privatization of MCB remains a mystery, till to date. Nawaz Sharif came into power on November 6, 1990, invited bids for the privatization of Muslim Commercial Bank (MCB) on 15 December 1990 and announced its privatization to successful bidder: Messrs Abdullah and others on 9 January 1991.

The stories from the past suggest that five bids were received for Muslim Commercial Bank with ‘Tawakkals’ and ‘Adamjee’, being the highest and second highest bidders. Adamjee who formed a joint venture with Yunus Brothers, perhaps the biggest Export Houses in Pakistan, had incorporated Muslim Commercial Bank in 1949. As previous owner, they had the first right of purchase but, third lowest bid by Messers Abdullah and others, a consortium comprising of 12 leading industrialists, mostly from the Punjab and headed by Mian Muhammad Mansha, was asked to match the highest bid and declared winner. The consortium which called itself the National Group comprised the following leading industrial groups and families:
Mian Muhammad Mansha giving a special interview to GEO News. This content has an uncertain copyright status and is pending deletion. You can comment on its removal.

With $700 million in cash from MCB and another $300 million raised from international markets, Mansha has aspirations of acquiring an established bank in Indonesia and possibly even in the Middle East. MCB Bank already has international operations, and the Mansha group also owns an automobile leasing company in Kazakhstan. A merger of MCB and RBS (Royal Bank of Scotland) is also expected by the mid of Oct 2009. This will be the first foreign bank acquisition by a local Pakistani bank.

Further plans include major infrastruture projects in Pakistan, such as the construction of power plants and sea ports.
Controversy

In 2004, Mansha’s group and his preferred candidate were defeated by a margin of two votes in the All Pakistan Textile Mills Association (APTMA). Subsequently, Mansha resigned from APTMA.

According to his first interview to a foreign magazine, Mian Mansha stated that, “my net worth is about $4-5 billion.”[5] Indeed, there have been claims by many circles in Pakistan that the closely held group has a total capitalisation of well over US$10 Billion (Rs. 800 billion).[6] However, due to a mix of private and public companies in the group, it is not possible to accurately arrive at a definitive capitalization of sea ports.

D.G. Khan cement, an associated company with annual sales of around $80 million, was once target of violence by local people living near the large factory. The issue was eventually resolved by discussions and increased security around the plant.
Achievements

Mian Mohammad Mansha is currently on the board of 45 companies in Pakistan and is one of the most powerful and influential people in the country. He was awarded the Sitara-e-Imtiaz civil award by President Musharraf on 23 March 2004. One of Mansha’s companies, Nishat Mills Limited, is the largest exporting entity in Pakistan.
Other businesses

Mansha owns the domestic charter plane service Pakistan Aviators & Aviation Ltd. There are several other Mansha related businesses which remain unknown.

Source: wikipedia


 
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38 Responses »

  1. Please send me the email address of Mina Muhammad Mansha, i would like to contact with them as my name is also Muhammad Mansha from Pakpattan Sharif.

  2. Sir plz mere madad karo mojhe MCB bank main Job dedo

  3. sir mera number ye he 03453780778

  4. Sir me ne master kia hoa he.d.g.cement me job dila dain.me local hon.03317321773

  5. He has really know how about all businesses.I think he is the first person handling himself all the businesses.So he is the successfull person in Pakistan.

  6. Dear Sir, U know, in Pakistan there is very heavy flood. please same my people, and do something.its is all Pakistani responsibility :please wakeup :and save my nation :

    Regrads

    Syed NAeem

  7. sir you did not clear your study career in your web site?
    i want to know about it for my presentation plz
    zubair

  8. hi how are u ? i
    i request for mian sahb plz help me for the poor person in pakistan
    plz help me in government
    donate for the flood people for many rupees

  9. Sir Ap Ka TV News Channel Kab A raha hay. I m waiting……

  10. wa kia bat hai////////////// Allah jis ko daita hai be hisab daita hai

  11. Sir
    my name is Ghulam Murtaza and i am ACCA finalist by 2remaining papers and teaching in a college at lahore Acute Business college and getting salary Rs.15,000 per month.

    my father is a business man in a vary small scale packaging and he is financing our family (which is consist of 8 persons) and for that business purpose my father was take finance against our residence property amount Rs1,250,000.

    sir we have paid total mark-up (i.e.1,600,000 on monthly bases) but sir now situation was very change from some years now condition is that we can not pay more. our family expense are not meet by me and my father……..

    sir i am waiting for your kindness…
    sir please please please help us because my father and mother is suffering from different diseases from this loan amount…..

    sir if you receive this massage please call me to help me on my number 0321-4315592.
    sir please help me in any suitable way……….sir allah bohat khushiyan dy ameen
    my e-mail ID - ghulammurtaza.acca@gmail.com

  12. Sir me 5 years se ATV Channel me as a Cameramen/Editor kam kar raha hun, me apny better future k leay aap ka channel join Karna chahta Hun so pls give me one Chance.
    Mukhtar Ahmed
    0333-5760792

  13. Salam I have don M.A Mass Communication and I want to do better job. Sir je plz muje job de do muje realy bhot zarurat hy ap ka muj pe ahsan ho ga. Ap ko puri zindage duvae do ga. I am also journalist and have 4 year experience. plz help me sir.
    M Ayaz Hashmi
    03457227666

  14. dear sir

    my name is M.haris riaz.

    sir please help me, at this time i m in a big trouble, i will be very oblige to you, if you get my message please help please sir.

  15. dear sir

    my name is Haris Riaz

    sir please help me, at this time i m in a big trouble, i will be very oblige to you, if you get my message please help please sir. my cell no 03015558585 plz help me

  16. Sir,
    real may ap in sub ki batain read out krtay hain ya bas…………???
    ya just politics ki tara long and beautiful dreams he ha sabb…
    sab fraud…
    koi kisi ka nahi bhaiyoooooo..
    iqbal nay tu kaha tha k na umeedi muslim may creat nahi honi chaheye but alas………!!!!!
    aaj ka muslim bound ha na umeedi per………
    Allha kabi ham pakistani students ki help karay ga hi na……..

  17. Hi there

    May I have the email address of eminent Mian Muhammad Mansha please. Thanks.

  18. Sir, today i came to know about the fact that you are the richest man of Pakistan and not zardari and you are the 937th richest person on the face of the earth. I felt so proud of myself that i find no words to explain my feelings. I am a teacher, i think very deeply about the present situation of my country. It has been caught in various crisis. People like you sir are the assests of this country. Please chalk out such plans that my country should become prominent among the developed countries.Though i am a very invaluable person according to thought of the society, yet my services are always present at your disposal whenever you need them for the progress and prosperity of my great country PAKISTAN. Sir, everyone of us should come forward to serve his country.

  19. I forgot to write my cell no, which is 03237043094. Whenever youneed my services to become a part of your team working for the progress of Pakistan, i would proud to become a part of it.

  20. helllo, sir
    i malik waqar sir i need u very much plz sir help me i m very thank full to you ….my contact num is 03422625953………………..

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