Pakistan’s richest man





Mian Muhammad Mansha is a prominent Pakistani industrialist and entrepreneur with major businesses setup in P. With decades of success to his credit, he is among the highest tax paying individuals in Pakistan. By 2015, he has paid a total tax of PKR 100 billion, which is a record-breaking public achievement. He is the chairman and CEO of the Nishat Group.
He is the only Pakistani ever selected for a special Lunch with the UK Financial Times. According to Forbes listings in 2010, he was the 937th richest person in the world.

Early Life:

                   Mansha was born in Lahore to a wealthy Chinioti Punjabi family, his privileged upbringing allowed him to enjoy an early business education in University of Punjab. His childhood was spent in Faisalabad from where he also started his career as one of the most prominent industrialist of Pakistan. His textile mill in Faisalabad under the name of Nishat Mills still is one of the biggest textile units in Faisalabad. He formally joined the family business after completing his studies in London. He has balance of worth US$2.5 billion till 2013  Apart from these large acquisitions, he was simultaneously expanding his Nishat Textiles segment, Nishat Textiles is Pakistan's largest fabric mill.

Founder of MCB Muslim Commercial Bank Limited:


       
  1. The movement of privatization in 1990s by the Prime Minister of Pakistan, a military general, gave so much opportunity to the conglomerate of his family. As he was working on the strategic position of that firm, he made many acquisitions of different businesses under his name. He bought so many companies and some of them were acquired through hostile takeovers. Two most important groups which he acquired were Adamjee Group and D. G. Khan Cement. Adamjee Group was related to the financial services while D. G. Cement was a cement company which was previously belonged to Saigol Family group.
  2. Apart from the successful acquisition of these two groups, he also focused on the expansion of his own textile group of company, Nishat Textiles; during those days that textile mill became the number one fabric mill of Pakistan.
  3. The most important acquisition belonged to his name was the acquisition of MCB Bank Limited, Muslim Commercial Bank. That was his master achievement, because it was the most profitable bank of Pakistan in those 

  5. days. He acquired that bank in an auction by competing with so many other interested bidders.
  6. After acquiring it, he worked hard for its progress and because of his leadership that bank was able to acquire a distinct place in financial market of Indian subcontinent. That bank was included in the best financial service providers. His leadership and chosen staff for its operations was also included in the management team of premier financial service.


Achievements and awards:
                            Mansha is currently on the board of various prominent institutes 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 of Pakistan Pervez Musharraf on 23 March 2004. One of Mansha's companies, Nishat Mills Limited, is the largest exporting entity in Pakistan. In March 2010, Mansha became the first Pakistani ever to make it to the Forbes rich list. Forbes valued Mansha as the World's 937th richest person, with a net worth of $1.0 billion. In 2011, Forbes reported that his net worth fell below $1 billion. In 2015, ABC News Point reported 
his wealth at "nearly US$ 2.6 billion". Forbes does not list any Pakistanis in its 2016 rankings.



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