Hitesh Anadkat – Wikipedia

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Hitesh Anadkat is a Malawi-based businessman, investor and philanthropist. He’s the founding father of the African banking crew FMB Capital Holdings.[1][2]

Early existence and schooling[edit]

Anadkat was once born on the Queen Elizabeth Central Clinic in Blantyre, Malawi in 1960 when the rustic was once nonetheless underneath British colonial rule. His father, NG Anadkat was once a outstanding businessman in Malawi. He’s of Indian descent and holds a British passport. Anadkat has a Bachelor of Science (Economics) level from the College of London and a Grasp’s in Industry Management from Cornell College. He’s married to Meeta. In combination, they’ve 3 kids.[3]

After finishing his schooling, Anadkat labored in in the US, in the end beginning his personal company finance company in Connecticut. He returned to Malawi in 1992. In 1994, Anadkat was once granted the primary non-public banking licence in Malawi. He has mentioned that he didn’t be expecting to be granted a banking licence, because the monetary sector were closed and in large part state-controlled till that time. In 1995, he established First Service provider Financial institution (now referred to as First Capital Financial institution). The financial institution proved a success early on, and has since expanded into different nations. In 2008, First Capital Financial institution was once granted a banking licence in Botswana. In 2013, First Capital Financial institution bought the Mozambique, Malawi and Zambia banking operations of World Business Financial institution (ICB). In 2017, the gang bought a majority-stake in Barclays Financial institution of Zimbabwe. The stocks of First Capital Financial institution had been transferred to a Mauritian-based entity, FMB Capital Holdings in 2017. Its stocks industry at the Malawi Inventory Alternate. In 2021, its belongings stood at $1.2 billion. Anadkat stays its primary shareholder, and serves as a non-executive board member of FMB Capital and its subsidiaries. In 2007, Anadkat was once a key participant within the consortium that purchased Malawi’s biggest telecoms supplier TNM from Telekom Malaysia, together with Press Company and Previous Mutual. Anadkat owns an important minority stake within the corporate, and served as its Vice Chairman from 2007 to 2021. In 2021, he become the most important non-public shareholder of Botswana-based monetary services and products supplier Letshego. His different pursuits come with tobacco, production and actual property. His actual property portfolio comprises the landmark Livingstone Towers in Blantyre and Leader M’Mbelwa Construction in Malawi’s capital town, Lilongwe.[4][5]

Philanthropy[edit]

Anadkat and his circle of relatives were famous for his or her huge philanthropic contributions in Malawi. His tasks have basically been within the well being, schooling and jail reform sectors. Amongst his notable donations are the Anadkat Hostel on the Kamuzu College of Well being and Sciences, the Anadkat-Wellcome Consider Grownup Emergency and Trauma Centre at Malawi’s biggest health center, Queen Elizabeth Central Clinic and the Childrens ward on the similar health center. Anadkat has additionally been concerned about jail reform. He has publicly decried jail prerequisites and congestion in Malawi and faulted magistrates for giving disproportionately huge sentences to minor offenders. In 2020, he built the most important jail block within the Malawi Jail Products and services on the Chichiri Jail in Blantyre.[6][7][8]

References[edit]


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