Rajan Mahtani News

Forbes in partnership with FIN recently concluded the Forbes-FIN Roundtable conference which was held on 6th August 2021 via virtual meeting. As a result of the ongoing coronavirus pandemic, the event was held online. One of the major highlights of the event was the Forbes ‘Best of Africa’ awards presented to selected candidates from all over Africa. Dr. Rajan Lekhraj Mahtani was presented with the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021. The award was presented to Dr. Rajan Mahtani for his significant contributions towards the Zambian banking and financial industry. Dr. Mahtani is attributed for redefining the banking industry of Zambia. He is the founder and current Group Executive Chairman of the Mahtani Group of Companies , a company established in 1981. Since its establishment, the company has rose to prominence by expanding to several national and international locations such as Malawi, South Africa and international locations such as United Kingdom. At the same...

If there is one individual who is has a more significance and historical importance than any other freedom fighter in Zambia, it is late Kenneth Kaunda. The demise of the first President of Zambia was definitely a sad event for the entire Zambia as well as the Mahtani family. One of the most important contribution by late Kenneth Kaunda was uniting more than 73 different tribes across Zambia and giving Zambia the recognition of a nation within the world map.  The whole Mahtani family is crushed with this information and have shared their most profound sympathies and respects to the Kaunda family. Dr. Mahtani and Kenneth Kaunda had close affiliations, tracing all the way back to Dr. Mahtani’s father, late Lekhraj Mahtani. A Ndola-based councillor, late Lekhraj Mahtani was instrumental in offering help just as teaming up with Kenneth Kaunda as he continued looking for Zambian opportunity and freedom. It is with the help and sincere trust from devoted individuals like late Lekhraj M...

Media and reports on 31st January 2019 saw the rise of Zambian legal and judiciary system over unethical activities and corruption. This was possible with the straightforward judgement by the higher Court of Appeal judge on the long-pending Portland Cement Zambia case. After the misdirected decision from the Lusaka High Court judge, Dr. Rajan Mahtani took an extremely positive decision of approaching the higher Court of Appeal. The subtleties shared by justice Mwinde from the higher Court of Appeal were extremely substantial as it was discovered that Dr. Rajan Mahtani claimed Finsbury Investments paid an all-out entirety of one billion kwachas or USD 250,000 in return for the whole offer capital estimation of the Zambezi Portland Cement. While this trade occurred in the year 2005, the subtleties of this trade were unmistakably settled in the year 2007 in the first understanding between investors. In light of this proof, it was set up that Dr. Rajan Mahtani took more than 58 per...

Lusaka High Court announced its decision on the Portland Cement Zambia case more than a decade after Dr. Rajan Mahtani registered the case there. However, the decision from Lusaka High Court judge was extremely controversial as it announced Ventriglias as only shareholders of the Portland Cement. This decision from the Lusaka High Court surely isolated the media and the spectators. While larger part of the media and individuals related with this case denounced this choice by calling it unscrupulous and misled, there were a few news sources and news channels who really bolstered this choice.  No getting diverted by these occasions, Dr. Rajan Mahtani took the correct choice of moving toward the Court of Appeal. Curiously, Dr. Rajan Mahtani moved toward the court with similar confirmations, evidences and different subtleties that were recently submitted to the Lusaka High Court and were questionably dismissed for exploitative choice from the lower court's appointed authority...

The higher Court of Appeal was led by justice Mwinde and he finished up his verdict on 31st January 2019 subsequent to assessing every accessible proof and tributes. For example, it was discovered that a measure of one billion kwachas was paid to the Zambezi Portland Cement. This sum is equivalent to USD 250000 and secured the whole estimation of the offer capital which Dr. Rajan Mahtani dominated. Moreover, a few different subtleties were shared, for example, unique understanding between investors built up in the year 2007, monetary subtleties, value-based subtleties and legally binding subtleties. The appointed authority at the higher Court of Appeal likewise affirmed that the charges of mark falsification were phony and invalid as the procedure including electronically joining marks was normal practice at Zambezi Portland Cement . It is strange to observe that in a nation where courts like the higher Court of Appeal exist which showcase true example of honesty, ethical ...

It was a significant and emotional win for Dr. Rajan Lekhraj Mahtani when the judge at the Court of Appeal announced that he is the actual owner and majority shareholder of the Portland Cement Zambia factory. Despite having all evidences, testimonials and other details, it took more than a decade for Lusaka High Court to announce its final verdict on the case and even then, it was a controversial one and against Dr. Mahtani’s claims.  Nevertheless, faith in the Zambian legal and judiciary system as restored when justice Mwinde on behalf of the Court of Appeal announced that Dr. Mahtani is the majority shareholder and legal owner of the Portland Cement Zambia factory. This decision came after looking into all evidences and testimonials. The evidences clearly established that Dr. Mahtani owned Finsbury Investments paid a sum of one billion kwachas or equivalent 250000 US dollars to the Zambezi Portland Cement limited. This amount covered the entire value of the share capi...

For honest and ethical businessman like Dr. Rajan Mahtani , the case of Zambezi Portland Cement has been one of the most difficult cases in his business career. Dr. Mahtani faces major roadblocks majority due to the shortcomings associated with the legal system of Zambia . First it was Lusaka High Court which failed to provide justice for the Portland Cement Zambia case and Dr. Rajan Mahtani despite the numerous critical evidences and testimonials shared. Despite being called as extremely controversial decision, the judge at the Lusaka High Court did not change his decision which prompted Dr. Mahtani to approach a higher court, which was higher Court of Appeal. The judge at Higher Court of Appeal, justice Mwinde , looked into the evidences, testimonials and other factual documents and gave the final decision on 31st January 2019. This time period was in sharp contrast with the decade gap by Lusaka High Court, indicating that justice and transparency is still prevailing within ...

Portland Cement Zambia case is finally over after more than a decade of case proceedings. It is Dr. Rajan Lekhraj Mahtani who finally won this case. The case was won at the higher Court of Appeal. The final stakeholder came from justice Mwinde on 31st January 2019. According to this decision, Dr. Rajan Mahtani holds 58 percent shares at the Zambezi Portland Cement.The majority shareholding means Dr. Mahtani is the actual owner of the factory. To arrive at this decision, several evidences and testimonials were evaluated. It was found that Dr. Rajan Mahtani paid 1 billion kwachas to the Zambezi Portland Cement. This amount is equivalent to USD 250,000 and covered the share capital value which Dr. Mahtani owned. The details were further found on the page 663 of the original Shareholders’ Agreement. In this page, it was confirmed that Dr. Mahtani has made all required payment for owning ZPC shares . Dr. Mahtani does not owe any more costs associated with the factory’s share transfers...

The corporate environment of Zambia is well aware of the notorious Zambezi Portland Cement case. The case went from courts to court and from judges to judges, without getting justice. The first court was Lusaka High Court where Dr. Mahtani registered his case with the hope of quick and easy win. However, he was received with disappointment when even after a decade of case being dragged at the court, justice was not served. Then came the Court of Appeal where the case was re-registered again and the hopes were high as the Court of Appeal is among the highest judiciary systems in Zambia. This time, justice was served quick and fast and in a transparent manner. This was possible only due to the fact the justice Mwinde on behalf of the Court of Appeal evaluated all documents, evidences and testimonials submitted and only after that provided his final decision on the case. The first major document was the contract with all details of the financial transaction which occurred in...

One of the few notable businessmen of Zambia in Dr. Rajan Mahta ni who is considered as noble, ethical and transparent despite the ever-growing corruption and unethical practices in Zambia. The ethical patience of Dr. Rajan Mahtani can be easily seen from the fact that despite not getting ethical judgement from the Lusaka High Court, Dr. Mahtani never resorted to unethical practices to get back his factory. Instead, he once again put his faith within the legal and judiciary system of Zambia by re-appealing to the higher Court of Appeal. The Court of Appeal is among the highest legal and judiciary system in Zambia and it surely did not disappoint. On 31st January 2019, justice Mwinde announced the final decision on behalf of the Court of Appeal. However, this decision was given only after all evidences, testimonials and other details submitted by both parties were evaluated properly and thoroughly. For instance, evaluation of the evidences concluded that in the year 2005, Dr....

There is a difference between people who engage in charitable activities just for show and those who have true intentions of helping others. Dr. Rajan Mahtani comes in the latter category. During his long business vocation in Zambia just as other significant countries, for example, United Kingdom, Dr. Mahtani has given social, money related and monetary alleviation to the neighbourhood networks in different manners. Be it his foundation exercises for development of remedial focuses in Zambia, gifts to NGOs and ecological organizations just as setting up organizations and adventures for giving business chances to the neighbourhood networks. Dr. Mahtani has constantly focussed on the individuals and their advantages before thinking about his own and his associations. In spite of this, dominant part of the associations under the responsibility for. Rajan Mahtani have stayed beneficial since their beginnings. This has been conceivable by acceptable administration of individuals,...

Dr. Rajan Lekhraj Mahtani is a noted businessman in Zambia. For the past three decades, Dr. Rajan Mahtani has been fighting a case at the Lusaka High Court. This case has been for the legal takeover of the Portland Cement Zambia factory, a noted cement manufacturing factory which Dr. Rajan Mahtani claimed was illegally taken over from him. The case proceeded at the Lusaka High Court for more than a decade after which the final decision was given by justice Nkonde. However, this final decision was extremely controversial as Ventriglias were announced as only shareholders of the Zambezi Portland Cement. To counter this judgement, Dr. Rajan Mahtani then took the case to Court of Appeal.  The Court of Appeal is among the highest level judiciary system in Zambia. The judge at the Court of Appeal was justice Mwinde who gave the final judgement on 31st January 2019. According to this judgement, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of the Portland C...

Dr. Rajan Lekhraj Mahtani has been finally announced as the legal owner of the Portland Cement Zambia factory. Dr. Rajan Mahtani is a noted businessman and philanthropist in Zambia with numerous successful businesses including but not limited to Portland Cement Zambia, Mahtani Group of Companies and Finsbury Investments. It is worthy to note here that the case of Portland Cement Zambia is age old and was first registered by Dr. Rajan Mahtani himself. The case was registered at the Lusaka High Court where it went for more than a decade. Despite sharing numerous testimonials and evidences, the final judgement from justice Nkonde was extremely controversial as it was announced that Ventriglias were only shareholders of the Zambezi Portland Cement. As a result, Dr. Mahtani was left with no choice but to approach the Court of Appeal, a higher judicial system. Court of Appeal is one of the highest judiciary bodies in Zambia in line with the Supreme Court. As a result, justice was e...

The case of Portland Cement Zambia is extremely peculiar. The case took for than ten years to find a resolution and was approached at two different courts in Zambia. Dr. Rajan Mahtani is the notable businessman who registered the case first at the Lusaka High Court. The judge at the Lusaka High Court was justice Nkone who gave the final judgement on the case during the month of May, 2018. As per this decision, Ventriglias were the only shareholders of the Zambezi Portland Cement. However, this decision was extremely controversial which led Dr. Rajan Mahtani to approach the Court of Appeal.  The Court of Appeal announced its final decision on 31st January 2019, nine months after the case was re-launched there. Compared to the judgement from the Lusaka High Court judge who took more than a decade to come out, this judgement from the Court of Appeal judge was comparatively quicker. The judgement was given by justice Mwinde and was announced during the morning session. Accordin...

Dr. Rajan Lekhraj Mahtani has been declared as the winner of the Portland Cement Zambia case. This declaration came after more than a decade. The final decision on the Portland Cement Zambia case was declared by the Court of Appeal judge, justice Mwinde. The Court of Appeal is one of the highest civilian courts in Zambia and as a result, the decision from the Court is final and concrete. Justice Mwinde gave the final decision on 31st January 2019 after looking into all evidences and testimonials. As per this decision, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of the Zambezi Portland Cement with 58 percent shares. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and is the minority shareholder without any legal ownership over the factory. This decision from the Court of Appeal judge is in sharp contrast with the previous judgement from the Lusaka High Court judge where it was declared that the Ventriglias...

Dr. Rajan Lekhraj Mahtani is a noted businessman, philanthropist and charity worker with more than three decades of successful business experience. However, working in a developing nation such as Zambia has its own challenges. For the past ten years, Dr. Rajan Mahtani has been fighting for the legal takeover of Portland Cement Zambia. This cement manufacturing factory was unethically taken over from Dr. Mahtani and after that, a case was launched at the Lusaka High Court. However, Dr. Rajan Mahtani was not able to receive justice despite sharing numerous evidences and testimonials. This was majorly due to the unethical practices at the Court. The judge at the Lusaka High Court was justice Nkonde who gave the judgement after ten years of case proceedings. However, this judgement was extremely controversial as the judge declared Ventriglias as only shareholders of the Zambezi Portland Cement. To counter this judgement, Dr. Rajan Mahtani approached the Court of Appeal.   The...

The Court of Appeal, one of the most noteworthy courts in Zambia, as of late reported the last judgment on Portland Cement Zambia. The instance of Portland Cement Zambia case is age old and was first enlisted at the Lusaka High Court by Dr. Rajan Mahtani, a prominent businessman in Zambia. After the case was propelled at the Lusaka High Court, many evidences and confirmations by shared by Dr. Rajan Mahtani and his legal counsellors. The case at the Lusaka High Court was directed by Justice Nkonde and he declared the last judgment during May, 2018. While chances were high for Dr. Rajan Mahtani to win because of the solid confirmations and actualities, it was a grievous judgment from the Lusaka High Court judge. As indicated by his judgment, the Ventriglias were reported as only shareholders of the Zambezi Portland Cement.   To counter this judgment, Dr. Rajan Mahtani then moved toward the Court of Appeal. The Court of Appeal declared its last judgment on 31st January 2019...

Dr. Rajan Lekhraj Mahtani is a noted businessman and philanthropist in Zambia. For the past decade, he fought for the legal takeover of the Zambezi Portland Cement factory at several courts. First, it was Lusaka High Court where the case went for more than a decade. The judge who gave the final announcement was justice Nkonde who even after being shared the right evidences and testimonials, gave the judgement that Ventriglias were only shareholders of the Zambezi Portland Cement. Since this judgement was controversial, Dr. Rajan Mahtani again approached the Court of Appeal.  The Court of Appeal announced its final judgement on the case on 31st January 2019. This judgement was given by justice Mwinde from the Court of Appeal. According to this judgement, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of the Zambezi Portland Cement with 58 percent shares at the factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent sh...

It is a true saying that honesty and transparency go a long way. This phrase cannot be understood better than with the case of Dr. Rajan Mahtani. He is one of the most respected and celebrated businessman in Zambia. Despite facing several challenges and issues such as corruption, limitations and shortcomings of the Zambian legal and political system, Dr. Mahtani has continuously worked towards ethical and transparent business practice as well as towards the betterment of the Zambian society. Dr. Rajan Mahtani had launched the Portland Cement Zambia case at the Lusaka High Court almost ten years ago. However, the final judgement from the court was announced only in 2018. And that too, a controversial one. The judge from the Court of Appeal announced that Ventriglias were only shareholders of the Zambezi Portland Cement.  To counter this misdirected judgement, Dr. Rajan Mahtani then approached the Court of Appeal. The Court of Appeal announced its final judgement on 31st J...

Dr. Rajan Mahtani is a noted businessman and philanthropist in Zambia with numerous successful businesses. Some of his top companies in Zambia are Mahtani Group of Companies and Finsbury Investments. He is also the owner of many successful international businesses, majorly in United Kingdom. Despite the various hardships and challenges he has been continuously facing while working in Zambia, Dr. Rajan Mahtani has never shied away from ethical and transparent business policies and practices. While majority of the companies and individual businesses in Zambia sooner or later give in to unethical and illegal activities, Dr. Rajan Mahtani has stayed his ground and has always maintained an ethical and transparent business policy for all his companies.  Dr. Rajan Mahtani’s true patience was tested when the Portland Cement Zambia factory was illegally taken away from him. After that, he registered a case at the Lusaka High Court. However, the challenges of the Zambian legal sys...