Mian Muhammad Mansha

Mian Mohammad Mansha
Born	Mian Mohammad Mansha Yahya 1941 (age 83–84) Chiniot, Punjab, British India
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

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

Mansha owns a London five star hotel

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

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

Mansha was awarded the Sitara-e-Imtiaz civil award by President of Pakistan Pervez Musharraf on 23 March 2004.[11]

See also

• Muslim Commercial Bank
• List of Pakistanis by net worth

References

1. https://www.forbes.com/profile/mian-mohammad-mansha/
2. Optimism, appetite of a billionaire, Dawn (Pakistan), Published 14 October 2013. Retrieved 3 July 2017
3. "Surrey's most expensive streets where two Beatles once lived". 30 December 2022.
4. Henny Sender (10 August 2012). "Lunch with the FT: Mian Muhammad Mansha". Financial Times. Retrieved 2 July 2017.
5. "The man behind Pakistan's biggest conglomerate". Fortune India. 3 January 2018.
6. "The World's Billionaires: #937 Mian Muhammad Mansha's Profile". Forbes. 3 October 2010.. Retrieved 2 July 2017
7. Dilawar Hussain (15 December 2009). "Nishat Mills to acquire two thermal plants". Dawn. Retrieved 2 July 2017.
8. "GE signs Digital Power Plant agreements with Lalpir Power in Pakistan". The Peninsula. 10 October 2016.
9. "Board of Directors". Atlantic Council. Retrieved 12 February 2020.
10. Yoolim Lee and Naween A. Mangi (2 December 2008). "Pakistan's Richest Man Defies Terrorism to Expand Bank Empire". Bloomberg. Retrieved 2 May 2010.
11. "Awards for civilians announced". Dawn. Pakistan. 14 August 2003. Retrieved 12 September 2018.