Mian Muhammad Mansha is a Pakistani business magnate and billionaire

Mian Muhammad Mansha

Mian Muhammad Mansha is a Pakistani business magnate and billionaire. He is the founder and CEO of the Lahore-based international conglomerate Nishat Group.Mansha is the richest and highest tax-paying individual in Pakistan.His name appeared in Paradise Papers in November 2017 having a link to offshore companies.

In the 1930s, the Mansha family had migrated to Bengal from Punjab. After 1947 Partition of British India, the family returned to Punjab, Pakistan. Mian Muhammad Mansha's father started a cotton ginning business which later became Nishat Textile Mills.Mansha was born in Lahore to a wealthy Chinioti Punjabi family, his privileged upbringing allowed him to enjoy an early business education at the University of Punjab in Lahore. Although his childhood was spent in Faisalabad from where he also began his career as one of the most prominent industrialists of Pakistan. Nishat Textiles Mills was started in 1951 by his father and uncles.His father died one year after he returned from London after finishing his studies there in 1968. Mian Muhammad Mansha joined the family business in 1969 and eventually he split with his uncles and took over the family business.He was worth US $ 2.5 billion from 2013.Apart from making big acquisitions, he was simultaneously expanding his Nishat Textiles segment. Nishat Textiles Mills is Pakistan's largest fabric manufacturing mills.

After 1979, Mansha set up Pakistan's largest textile complex of seven mills in Nishatabad in the city of Faisalabad. In later years, another textile complex followed in Chunian near Lahore.

Mansha's conglomerate greatly benefited from the privatisation drive by the governments of the 1990s. Through this period, he made a number of acquisitions and buy-outs, including engineering at least one hostile takeover. When the dust settled, Mansha had acquired a controlling position in the Adamji Group, the country's largest non-life insurer. Nishat Mills also acquired two thermal plants near its DG Khan Cement Plants located in Dera Ghazi Khan District, Punjab, previously owned by the Saigol family. Business analytics in Pakistan reportedly said that acquisition of two thermal plants would provide uninterrupted power supply to DG Khan Cement Plants for the Nishat Group.While going through these big acquisitions, he was simultaneously expanding his Nishat Textiles segment, Nishat Textiles Mills is Pakistan's largest fabric manufacturing mills.

But all these achievements, perhaps, play third fiddle to Mansha's master-stroke: the acquisition of one of Pakistan's most profitable banks, MCB Bank Limited or better known as Muslim Commercial Bank. MCB Bank has demonstrated execution and growth and has made it one of the premier financial service teams in the Indian subcontinent. . Today, MCB Bank is one of the top 4 banks in the country and leads in terms of market capitalization with a massive employee base of roughly 18,000.

Mansha has proceeded to venture into new terrain, executing deals with state-owned WAPDA to sell its excess electric power capacity at Nishat's various power stations. This led to the founding of Nishat Power, which is now a growing business with Mansha's son playing a senior role in the company's executive board.

MCB Bank, in 2008, began a partnership with Maybank of Malaysia. Maybank now has a 20% share in MCB Bank 2009. Mian Muhammad Mansha, chairman of MCB Bank, said that his efforts were successful in continuing to bring foreign investment to Pakistan and that his bank had already brought 970 million U.S. Dollars' investment into the country from Malaysia following a deal with May Bank, Malaysia.He was selected for a special Lunch with the UK Financial Times newspaper. According to Forbes listings in 2010, he was the 937th richest person in the world and the richest person in Pakistan.


With $ 700 million in cash from MCB Bank and another $ 300 million raised from international markets, Mansha has aspirations of acquiring an established bank in Indonesia and possibly even in the Middle East. MCB Bank already has international operations, and the Nishat Group also owns an automobile leasing company in Kazakhstan. Further plans include major infrastructure projects in Pakistan, such as the construction of electric power plants based on coal-powered generation of electricity and sea ports.

Criticism of his lifestyle

In 2004, Mansha's group and his preferred candidate were defeated by a margin of two votes in the All Pakistan Textile Mills Association (APTMA) elections. Mansha subsequently resigned from APTMA.

D.G. Khan Cement Company, which is part of Mansha's Nishat Group, was once the target of violence by locals living near the factory. The problem is still in court and not after the safety of the plant.

Mian Muhammad Mansha never met the U.S. businessman Warren Buffett but is one of his admirers. He sometimes seeks advice from the U.S. 'vulture investor' Carl Icahn who once advised him to stay away from investing in airlines, and therefore, Mansha says he has no interest in buying out Pakistan International Airlines, if it is privatized by the government in the future. Carl Icahn's advice was colored by his bad experience with now defunct Trans World Airlines. Carl Icahn reportedly told him, "In good times, the unions take away the profits, and in bad times, the cost of oil kills you." Mansha sometimes goes over to India and has business meetings with other fellow billionaires like Sunil Mittal.

Nishat Linen employs men and women in their factories that are sold to brands including Gap and Tommy Hilfiger, they eat their lunch in separate canteens.

Achievements and awards

Mansha is currently on the board of the various prominent institutions 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 Textile Mills Limited, is largely

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