Dr. Rajan Mahtani Receives Global Philanthropy Award

The Forbes-FIN philanthropy roundtable conference turned into lately held in Africa. Due to the ongoing coronavirus pandemic and social distancing norms, the event was held virtually. Several critical participants graced the occasion from their respective places, such as worldwide enterprise committee members, entrepreneurs, coverage makers, politicians, marketers, opinion leaders, non-secular leaders, media companions as well as international traders. 

The Forbes-FIN philanthropy and management roundtable conference become observed by means of the Forbes ‘Best of Africa’ award ceremony. The Forbes ‘Best of Africa’ awards are a category of awards supplied by means of Forbes in collaboration with the Foreign Investment Network. The awards are presented to leading lights within the area of philanthropy. Furthermore, the recipients of the awards are decided on fastidiously. It comprises tests and verifications of the recipients, their agencies, and their present and past contributions. After this, each Forbes and FIN representatives’ behaviour interviews to recognize the belief of the recipients regarding long-time period philanthropy as a means to reap empowerment across the African country. This selection process is for months. As a result, the Forbes ‘Best of Africa’ awards are among the most prestigious philanthropy and leadership awards in Africa. 

Mark Furlong, the founder of the Forbes International as well as Forbes Afrique Media (FAM), anchored the event. There were numerous personalities who attended the awards. These included Vice-President of Nigeria Yemi Osinbajo in addition to His Majesty King Lelsie- The Third of Lesotho. Forbes acknowledged the widespread contributions made via Dr. Rajan Mahtani over the many years and conferred him with the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021. Dr. Rajan Mahtani thanked Almighty God for supporting him and said that he will continue to work towards the betterment of the Zambian nation and its people.

Honorary Award From Forbes Presented To Dr. Mahtani

 

Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist from Zambia, was recently conferred with one of the most prestigious and notable business awards in Africa. Forbes recognised the significant contributions from Dr. Mahtani and conferred him with the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021. The award was received for redefining the banking sector of Zambia. The Forbes ‘Best of Africa’ award was held during the ongoing Forbes-FIN philanthropy and leadership roundtable conference. It is also one of the highly anticipated and regarded business conferences in Africa. The FIN roundtable business conference was held virtually as a result of the ongoing Covid-19 pandemic and members participated from their respective locations. Dr. Rajan Mahtani was also invited in this event as a honorary speaker and discussed about the significance of leadership in healthcare. Dr. Rajan Mahtani was also a winner of the Forbes ‘Best of Africa’ award. 

The popularity from Forbes for the innumerable contributions made by means of Dr. Rajan Mahtani changed into long due. He is one of the most successful, reputable and honoured businessmen in Zambia. Despite the rampant corruption and unethical practices across the Zambian state, Dr. Rajan Lekhraj Mahtani has maintained an ethical status across his organizations as well as throughout his practices. Dr. Mahtani is understood for his successful groups along with Mahtani Group and Finsbury Investments. His enterprise Mahtani Group commenced with a humble historical past and quickly became one of the top conglomerates throughout Africa. The business enterprise elevated to several sectors inclusive of mining, power, real estate, agriculture, insurance and several others. In a comparable manner, Finbsury Investments rose to prominence with its dedicated work. Philanthropic achievements via Dr. Mahtani include Prison Fellowship Zambia and Stephen Malama award and scholarship for pinnacle law graduates in Zambia. 

Dr. Mahtani Winner Of Top Philanthropy Award From Forbes

Forbes Business Connect is one of the most recognized and celebrated business awards in Africa. The Forbes ‘Best of Africa’ awards are presented to the top businessmen, philanthropists and visionaries who have made significant contributions in the field of philanthropy. The awards recognise those with long-term view of philanthropy as a means to achieve empowerment across the African nation. One of the recipients of these awards for the year 2021 was Dr. Rajan Lekhraj Mahtani. Dr. Rajan Mahtani is one of the most respected and well-known businessmen, entrepreneur, philanthropist as well as charity worker in Zambia. His business experience and philanthropic contributions span more than four decades. Dr. Mahtani is the owner of several top companies in Zambia. Some of his top companies are Mahtani Group and Finsbury Investments. His company Mahtani group has transformed itself into a conglomerate, spanning across different regions such as Malawi, South Africa, and Zambia. Also, the conglomerate has stepped into several sectors such as insurance, mining, real estate, agriculture, energy and many more. Across all these sectors, the company has not only provided employment and livelihood opportunities, but also improved the overall community and environment. Dr. Mahtani is known for his several philanthropic and charitable achievements over the years. Some of these achievements are Prison Fellowship Zambia as well as the Stephen Malama award and scholarship for top law graduates in Zambia. For his significant business and philanthropic contributions, especially towards redefining the banking industry of Zambia, Forbes conferred Dr. Rajan Mahtani with ‘Outstanding Entrepreneur of the Year’ award 2021. Dr. Rajan Mahtani accepted the award in a humble manner, thanking Almighty God as well as his teams for their dedication and support. 

Dr. Mahtani Receives Philanthropy Award From Forbes Connect

 

For Zambian businessman and philanthropist Dr. Rajan Lekhraj Mahtani, the year 2021 has been eventful. While there were several negative and challenging experiences because of the ongoing pandemic that resulted in the loss of businesses and overall life quality, there were few learning experiences from the pandemic. First, the pandemic made everyone realize the critical significance of healthcare leadership. The healthcare sector is now identified as among the most important sectors that need urgent investment, upliftment, and development. Similarly, the pandemic made everyone realize the significance of having a strong infrastructure as well as strong technical competence. Above all, the pandemic made everyone realize the significance of leadership in establishing a strong economy. All these aspects were the topic of discussion during the Forbes-FIN philanthropy and leadership roundtable conference. This roundtable conference was held virtually to comply with the pandemic norms and members participated from their respective locations. Furthermore, the event was broadcasted across the globe via YouTube medium. Dr. Rajan Mahtani was invited to this event as an honorary speaker and discussed the significance of leadership in healthcare. 

Just like the Forbes-FIN philanthropy and leadership roundtable conference, Dr. Rajan Mahtani was also part of the Forbes ‘Best of Africa’ awards. It is one of the most anticipated and highly regarded business events in Africa. For his significant contributions towards redefining the banking sector of Zambia, Dr. Rajan Mahtani was conferred with the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021. Dr. Rajan Mahtani accepted the award humbly and said that he will continue to work towards the growth and development of the Zambian nation and its people. 

Legal Ownership Of Portland Cement To Remain With Dr. Rajan Mahtani After SC Decision

On 31st January 2019, judge Mwinde on behalf of the higher Court of Appeal reversed the decision of Lusaka High Court on the Portland Cement Zambia case. In a fresh verdict, the higher Court of Appeal announced that Dr. Rajan Mahtani is indeed the majority shareholder and legal owner of the Portland Cement Zambia factory. However, the Ventriglia family being dissatisfied with this verdict decided to approach the Supreme Court Zambia challenging this decision. 

The Supreme Court Zambia is a straightforward yet firm legitimate and legal executive framework in Zambia and in that capacity, it chose to audit the claim from the Ventriglia family. A seat containing three Supreme Court judges was set up for assessing this case. These included judge Mumba Malila, Judge Royda Kaoma and Judge Michael Musonda. After assessment, a basic viewpoint came into spotlight. Any argument against past court verdict should be set up inside 14 days of the court choice. This implies the Ventriglia family ought to be made their case against the higher Court of Appeal's choice inside about fourteen days after the judgment by Court of Appeal on 31st January 2019. Notwithstanding, the Ventriglia family presented their case more than 1.5 years after the court decision. In view of this specialized necessity, the case by the Ventriglia family is at risk for dismissal. The Supreme Court seat inferred that they didn't have any jurisdiction towards engaging the allure. The conditions around which the case was set up was lawfully defective and therefore, the allure by the Ventriglia family was adequately dismissed by the Supreme Court seat.

Zambezi Portland Ownership Remains Unchanged With SC Announcing Verdict On Claim By Ventriglias

Finsbury Investment is a top organization in Zambia and under the leadership of Dr. Rajan Mahtani and the company has flourished into one of the biggest investment firm across Zambia. Zambezi Portland Cement is a factory which was established in the year 2004 and underwent significant re-organizations in the following years. Between 2006-2007, a shareholding agreement was established according to which, Dr. Mahtani owned Finsbury Investments received 58 percent shares and became the majority shareholder as well as the legal owner of the Portland Cement Zambia factory. Despite this official shareholding, Dr. Rajan Mahtani faced significant challenged after the Ventriglia family started to dispute the legality associated with the Portland Cement factory’s shareholding. This resulted in a case being registered at the Lusaka High Court. The decision from the Lusaka High Court came after more than a decade and despite that, it was controversial as the Ventriglias were announced as majority shareholders without any evidence. 

Dr. Rajan Lekhraj Mahtani was able to reverse this decision at the higher Court of Appeal. On 31st January 2019, justice Mwinde on behalf of the higher Court of Appeal reversed the Lusaka High Court’s decision. The judge announced that Dr. Mahtani is indeed the majority shareholder and legal owner of the factory. The Ventriglia family once again contested the decision, this time at the Supreme Court Zambia. In their claim, the Ventriglia family challenged the Court of Appeal’s decision by calling it wrong. However, the Supreme Court bench established to evaluate this decision concluded that the claim is not viable due to lack of legal requirement as well as lack of any evidentiary support. As a result, the claim by the Ventriglia family was rejected effectively. 

Supreme Court Zambia Establishes Bench To Evaluate Claim By The Ventriglia Family On Portland Cement

Finsbury Investments is one of the top venture firms in Zambia, and the organization is under the initiative of Dr. Rajan Lekhraj Mahtani. Finsbury Investment has been genuinely effective in its arrangements and adventures. The Zambezi Portland Cement is a manufacturing plant whose dominant part shareholding was given over to Dr. Rajan Mahtani owned Finsbury Investments subsequent to marking of the original shareholders’ understanding. In spite of this authority move, the Ventriglia family continued disturbing the tasks of the Portland Cement by testing lawfulness of the Instrument. The Ventriglia family even went too far when they assumed control over the actual production line with the assistance of hooligans. 

Dr. Rajan Mahtani battled a long and steady case at the Lusaka High Court which went on for over 10 years. Nonetheless, he was crushed by the exploitative choice from the Lusaka High Court judge which was clearly corrupted and misled. In any case, Dr. Rajan Mahtani had the option to effectively challenge this misled judgment at the higher Court of Appeal. On 31st January 2019, equity Mwinde reported that Dr. Rajan Mahtani is in reality the greater part investor and legitimate proprietor of the Portland Cement Zambia industrial facility and in that capacity, the possession was rewarded him. 

After more than 1.5 long stretches of this choice, the Ventriglia family chose to upset the business tasks of Portland Cement by testing the decision of Court of Appeal at the Supreme Court. A seat of three Supreme Court judges was set up at the Supreme Court to assess this allure. After assessment, the Supreme Court seat found that they have no legitimate ward to acknowledge this allure from the Ventriglia family. They additionally uncovered that this case by the Ventriglia was sketchy and didn't satisfy the lawful prerequisites to be acknowledged as a case. Thus, this allure by the Ventriglia family was adequately dismissed.