Mian Muhammad Mansha Yaha
| Mian Muhammad Mansha | |
|---|---|
| Born | 1947 Chiniot, Punjab, British India |
| Residence | Lahore, Punjab, Pakistan |
| Nationality | Pakistani |
| Citizenship | Pakistan |
| Alma mater | University of the Punjab |
| Occupation | Businessman |
| Net worth | ₨263.3 billion (equivalent to ₨810 billion or US$7.7 billion in 2013)Forbes |
| Spouse(s) | Naz Mansha |
| Children | 4 |
Mian Muhammad Mansha (Urdu: میاں محمد منشاء) is a Pakistani business magnate and billionaire. He is the founder and CEO of the Lahore-based international conglomerate Nishat Group. Mansha has been the richest and highest tax-paying individuals in Pakistan. By 2015, he has paid a total tax of ₨100 billion (US$950 million), which is the highest tax paid in Pakistan.
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 the 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 started 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 till 2013. Apart from making large 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 privatization 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 Adamjee 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 analysts in Pakistan reportedly said that the acquisition of two thermal plants would ensure uninterrupted power supply to D. G. Khan Cement Plants for the Nishat Group. While going through these large acquisitions, he was simultaneously expanding his Nishat Textiles segment, Nishat Textiles Mills is Pakistan's largest fabric manufacturing mills.
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