Mian Muhammad Mansha biography shows that this individual is a notable Pakistani based industrialist and business owner. He has also blessed with major businesses set up in the country of Pakistan. His line of success is large. Also, Mian Muhammad Mansha is one of the listings of individuals who paid the largest amount of tax in the country of Pakistan. Mian Muhammad Mansha paid an overall total tax of PKR 100 billion bucks in 2015. This tax is a record-breaking general public success. According to Mian Muhammad Mansha biography, he is the Nishat Group CEO and chairman.
Mian Muhammad Mansha Biography
According to Forbes listings in the year of 2010, Mian Muhammad Mansha also got the rank of the 937th richest person in the world.
Mian Muhammad Mansha biography also presented that this businessman is the owner of the Muslim Commercial Bank as well. Mian Muhammad Mansha biography indicates that Mansha has a paper mill worth of $ 17 million. Also, Mian Muhammad Mansha biography shows that Mansha is one of the top wealthy Pakistanis around. Nishat Group, owned by him, was also the country’s 15th richest family in 1970, 6th in 1990 and Number one in 1997. Mian Muhammad Mansha is on the board of nearly 55 companies.
He is moreover deemed to have made investments in many bourses. They include the metal and currency exchanges both within and out of the doors of Pakistan. Mian Muhammad Mansha biography also presented that the Nishat Group consists of bare cement, leasing, textiles, and insurance and management companies. In case Bhutto’s bit Mansha nationalization stint of 1970, his friends think having been compensated by Nawaz Sharif’s denationalization program to a very good impact. There is no stopping Mian Muhammad Mansha, and he is still on the move.
|Shahid Khan Biodata and Biography|
|Name||Mian Muhammad Mansha|
|Date Of Birth||December 1, 1947|
|Age||72 Years (as in 2020)|
|Profession / Occupation||Business Man / Business Tycoon|
|Educational Qualification||Business Administration|
|Known for||Nishat Textile Milles.
Muslim Commercial Bank
Stock Exchange Company
Adamjee Insurance Limited
|Net Worth||2.7 billion USD|
|Children||Mian Hassan Mansha, Mian Umar Mansha, Mian Raza Mansha|
Career and Early Life
In the thirties, the family of Mian Muhammad Mansha got migrated to Bengal from the province of Punjab. Following your 1947 Partition of British India, the family returned to Punjab, Pakistan. His father started out a cotton ginning business, which later became the Nishat Textile Mills.
Mansha was born in Faisalabad to a wealthy and already rich Chinioti family. Mian Muhammad Mansha biography also presented that Mansha did his early schooling at Sacred Heart Convent in the city of Faisalabad. After that, Mansha joined Hendon College. For the degree of business administration, he went to London.
Mian Muhammad Mansha biography discloses that Mansha began his career as one of the most prominent industrialists of Pakistan. Moreover, Nishat Mills started by his uncles and father in 1951. His father died one year after he returned from London after completing his studies there in 1968. Mian Muhammad Mansha also became a member of the family business in 1969. Eventually, he split with his uncles and required over the family business. Also, his net worth US$ 2.5 billion in 2013. Apart from making large acquisitions, having been simultaneously expanding his Nishat Textiles segment. Nishat Mills is Pakistan’s most significant fabric manufacturing mills.
Mian Muhammad Mansha biography also shows that he was named richest Pakistani in 2008 by Daily Pakistan with net worth of US $ 2.5 billion dollars. It is equivalent to Rs 2 hundred billion at that time. In the year of 2013, Mansha was also the first Pakistani, which makes it to the Forbes billionaires list. Now his net worth is USD 2.7 billion.
Achievements and Awards
Mansha is currently on the table of various popular institutes in Pakistan. Also, Mansha is one of the very most powerful and influential people in the country. He was also been awarded the Sitara-e-Imtiaz civil award by President of Pakistan Pervez Musharraf in 2004. Moreover, Nishat Mills Limited is the most significant transferring entity in Pakistan. In 2010, Mansha also became the first Pakistani ever to make it to the Forbes rich list. Also, Forbes valued Mansha as the world’s 937th richest person, with a net worth of $1.0 billion dollars at that moment. In 2011, Forbes also reported that his web worth fell below $1 billion. In the year of 2015, ABC News Point reported his riches at nearly US$ 2.6 billion dollars.
The privatization by Nawaz Sharif (former Pakistani Prime Minister) exposed new doors for Mansha. Also, his wonderful dream comes true to venture into the food processing industry that hasn’t materialized to date. Instead, Mansha, his relatives and business associates surfaced as the biggest beneficiary of the privatization under obtained by Nawaz Sharif, ending up with five cement factories and a bank.
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