
Hitesh Anadkat on track to become Malawi’s first billionaire as FMB stake nears $1 billion
Anadkat’s rising wealth is closely tied to the performance of FMB Capital, a Mauritius-based investment firm with a strong presence across Africa.
Anadkat’s rising wealth is closely tied to the performance of FMB Capital, a Mauritius-based investment firm with a strong presence across Africa.
These trailblazers lead key banking institutions including FMB Capital Holdings, FDH Bank Plc, NICO Holdings, and the National Bank of Malawi.
Prominent figures benefiting significantly from the recent bullish trend on the Malawi Stock Exchange include Hitesh Anadkat and Thom Mpinganjira.
Anadkat holds an impressive 35.51-percent stake in FMB Capital, or 872,924,575 ordinary shares.
Since the start of this year, Anadkat has amassed over $90 million through his shares in FMB Capital.
Anadkat owns 35.51 percent of the Port Louis-based firm.
Anadkat owns 35.51 percent of the Port Louis-based firm.