Mayur Madhvani: Business Career, Wife Mumtaz, Family and Current Role
The Uganda-based businessman behind the Madhvani Group is known for his work with Kakira Sugar, decades of family business leadership, and his marriage to Indian film star Mumtaz.
Introduction
Mayur Madhvani has spent much of his public life in business rather than show business.
Still, many people know his name through Bollywood.
There is a simple reason.
He is the longtime husband of veteran Indian actress Mumtaz, whom he married in 1974. Yet Mayur Madhvani has his own long business record, closely tied to Uganda’s Madhvani Group and its flagship sugar company, Kakira Sugar Limited.
His full professional name is Mayur Muljibhai Madhvani.
As of 2026, public reporting continues to identify him as a Joint Managing Director at Kakira Sugar, while his wider career is closely tied to the Madhvani Group. He also sits on the board of Liberty Life Assurance Uganda.
His work goes back decades.
And the family story is unusual.
The Madhvani businesses survived expropriation during Idi Amin’s rule, returned to family control in the 1980s, rebuilt Kakira Sugar, and later moved into power generation, ethanol, tourism, insurance, manufacturing, and other sectors.
Here is the verified story.
Quick Facts About Mayur Madhvani
Full name: Mayur Muljibhai Madhvani
Profession: Businessman and company director
Known for: Madhvani Group and Kakira Sugar Limited
Current business role: Joint Managing Director associated with Kakira Sugar and the Madhvani Group
Current board role: Director, Liberty Life Assurance Uganda
Business base: Uganda
Spouse: Mumtaz
Marriage year: 1974
Children: Two daughters, Natasha Madhwani and Tanya Madhwani
Main family business: Madhvani Group
Flagship company: Kakira Sugar Limited
Major business sectors: Sugar, renewable power, ethanol, manufacturing, tourism, insurance, and related services
Who Is Mayur Madhvani?
Mayur Madhvani is a businessman from the Madhvani family, one of the best-known industrial families connected with Uganda.
His career is mainly tied to Kakira.
That matters a lot.
Kakira Sugar Limited is the flagship business of the Madhvani Group and one of Uganda’s long-running sugar companies. Its roots stretch back to the early twentieth century, with the sugar factory starting operations in 1930.
Mayur later became one of the family members involved in running the rebuilt business.
His public work has since covered sugar production, energy, ethanol, planned industrial projects, and corporate board duties.
He rarely gets the celebrity coverage his wife receives.
Business is his lane.
The Madhvani Family Business Story
To understand Mayur Madhvani’s career, you need some background on Kakira.
The family business traces its roots to Muljibhai Madhvani.
Kakira Sugar’s own company history says Muljibhai arrived in Uganda as a teenager and learned commerce through family trading operations. The sugar factory at Kakira began production in 1930.
The business grew.
Then came 1972.
Ugandan ruler Idi Amin ordered the expulsion of Asians from Uganda. The Madhvani family’s businesses were caught in that upheaval.
Kakira stopped functioning.
For years, production stood still.
The situation began to change after Uganda passed legislation allowing former owners to seek the return of expropriated property.
In March 1985, the Kakira sugar complex was formally returned to the Madhvani family through East Africa Holdings Ltd.
Rebuilding was expensive.
Kakira’s official history says rehabilitation received about US$59 million in loans from the World Bank, African Development Bank, and Uganda Development Bank.
Sugar production restarted in 1989.
That return became a major chapter in Mayur Madhvani’s business life.
How Mayur Madhvani Learned Business
Mayur’s business training appears to have been hands-on.
Very hands-on.
Daily Monitor reported that Mayur said he learned financial and business management by watching his elder brothers Jayant Madhvani and Manubhai Madhvani conduct the family businesses.
He sat in their offices.
He watched them work.
That practical exposure helped prepare him for a bigger management role inside the family companies.
This is one of the more useful details about his early career because it comes from his own account rather than a generic online profile.
Mayur Madhvani and Kakira Sugar
Kakira sits near the center of Mayur Madhvani’s professional record.
The company did far more than restart sugar production after the 1980s rehabilitation.
It kept expanding.
Sugar remained the base, but the company began using parts of the sugar-production process for other products.
One big example is power.
Sugarcane processing produces bagasse, a fibrous material left after juice is extracted from cane. Kakira uses that material to generate renewable electricity.
The Madhvani Group currently reports renewable-power generation capacity of 51 MW at the Kakira estate.
More than 30 MW goes to Uganda’s national grid.
That means the sugar operation also works as an energy producer.
There is another side too.
Ethanol.
In 2017, Daily Monitor reported that Kakira had started commercial production at a US$36.6 million ethanol distillery.
The plant was set up to produce around 20 million litres of fuel-grade anhydrous ethanol per year.
Mayur Madhvani publicly discussed the project as Joint Managing Director.
So, while sugar remains central, the business around it has grown into several connected operations.
The Madhvani Group Today
The wider Madhvani Group now operates across several industries.
Its current company information lists interests in agro-industry, energy, ethanol, manufacturing, services, and tourism.
Kakira remains a major name.
But it is not alone.
The group also has interests connected with hotels and safari lodges, insurance, manufacturing, construction, and related businesses.
According to the Madhvani Group’s current corporate information, its workforce exceeds 20,000 employees.
Mayur remains one of the senior public faces linked with that business network.
Mayur Madhvani’s Current Role in 2026
Mayur Madhvani remains active.
Recent evidence makes that clear.
New Vision reporting in 2026 identified Mayur Madhvani and Kamlesh Madhvani as Joint Managing Directors of Kakira Sugar Limited during discussions concerning the planned Amuru sugar project.
He also has another business role.
Liberty Uganda’s current leadership information lists Mayur Muljibhai Madhvani as a director of Liberty Life Assurance Uganda.
His work reaches into industry representation too.
In 2026, Mayur Muljibhai Madhvani was named among the millers’ representatives on Uganda’s Sugar Industry Stakeholders’ Council.
The council was set up under Uganda’s amended Sugar Act.
Its work includes industry planning, new-mill approvals, sugarcane pricing mechanisms, and matters connected with proceeds from sugar by-products.
So Mayur’s public work in 2026 is not limited to one factory.
He remains involved at company and industry level.
What Is the Amuru Sugar Project?
The Amuru Sugar Works plan is one of the most closely watched recent projects linked with the Madhvani Group.
Mayur discussed the proposed northern Uganda sugar development in a 2024 interview with World Business Journal.
The proposal included a new sugar mill.
It also included sugarcane cultivation, electricity generation, and alcohol production.
The planned structure included Uganda Development Corporation, with the government holding a 49 percent stake.
But the project has faced delays.
That point matters.
It should not be described as a completed operating sugar complex.
In 2026, New Vision reported that the Madhvani Group wanted Amuru district leaders to speed up efforts to secure another 21,300 hectares of land.
That was on top of more than 8,000 hectares already linked with the project.
The report said the extra land was needed before the sugar project could start.
So, for now, Amuru should be described as a planned development rather than an established operating factory.
Mayur Madhvani’s Other Business Plans
Mayur has also spoken publicly about business ideas outside conventional sugar production.
In his 2024 World Business Journal interview, he discussed possible investment in several areas.
One was a paper mill.
The proposed plant was described as having a capacity of about 200 tonnes per day, with an estimated investment of US$15 million to US$18 million.
The plan involved wastepaper and pulp recycling.
He also discussed increased bioethanol production and investment connected with the group’s Marasa Africa hospitality business.
Green steel manufacturing was another idea mentioned during the interview.
These points need careful wording.
They were discussed as investment plans.
They should not be presented as completed factories unless later records confirm that status.
Who Is Mayur Madhvani’s Wife?
Mayur Madhvani is married to veteran Indian actress Mumtaz.
They married in 1974.
Mumtaz was already one of the familiar faces of Hindi cinema by that time, with a film career that had made her widely known across India.
Marriage brought her career in films to a near stop.
She moved abroad after marrying Mayur.
More than five decades later, Mumtaz still publicly refers to Mayur as her husband.
In interviews published in 2026, she spoke about their marriage and said her husband takes good care of her.
That gives the relationship a clear, recent public confirmation rather than relying only on old profiles.
Mayur Madhvani and Mumtaz’s Children
Mayur Madhvani and Mumtaz have two daughters.
Their names are Natasha Madhwani and Tanya Madhwani.
Natasha later became connected with another well-known Indian film family.
She married actor Fardeen Khan in 2005.
Fardeen is the son of actor and filmmaker Feroz Khan.
Tanya is the couple’s younger daughter.
Both daughters have been publicly acknowledged by Mumtaz in interviews and established Indian media coverage.
Mayur Madhvani Is More Than Mumtaz’s Husband
Search results often introduce Mayur through Mumtaz.
That makes sense.
She is famous across generations of Indian film fans.
But stopping there misses most of his public career.
Mayur has spent decades working in one of Uganda’s longest-running family business groups.
He was involved during the period in which Kakira had to be rebuilt after years of shutdown.
He later represented the company during expansion into ethanol and renewable electricity.
And he remains publicly involved in sugar-sector business matters in 2026.
So his story sits in two very different public spaces.
Indian cinema made his family name familiar to many entertainment readers.
Ugandan industry explains his own career.
Final Thought
Mayur Madhvani’s public record is mainly a business story.
Kakira is the center of it.
The company was taken from the family during the Idi Amin era, returned in 1985, restarted sugar production in 1989, and later grew into an operation producing sugar, renewable electricity, and ethanol.
Mayur remained closely tied to that work.
As of 2026, he continues to appear publicly in senior Kakira and sugar-industry roles, while Liberty Uganda also lists him as a director of its life-assurance business.
His marriage adds another layer.
Since 1974, he has been married to Mumtaz, one of the best-known actresses from classic Hindi cinema.
Two different careers.
One very public family.
FAQs About Mayur Madhvani
Who is Mayur Madhvani?
Mayur Madhvani is a Uganda-based businessman associated with the Madhvani Group and Kakira Sugar Limited. He is also widely known as the husband of veteran Indian actress Mumtaz.
What does Mayur Madhvani do?
He works in business and corporate management. Recent reporting identifies him as a Joint Managing Director at Kakira Sugar, and he is also listed as a director of Liberty Life Assurance Uganda.
Is Mayur Madhvani still involved with Kakira Sugar?
Yes. New Vision reporting in 2026 continued to identify Mayur Madhvani as a Joint Managing Director at Kakira Sugar Limited.
Is Mayur Madhvani married to Mumtaz?
Yes. Mayur Madhvani and actress Mumtaz married in 1974. Mumtaz continued to refer publicly to Mayur as her husband in interviews published in 2026.
Does Mayur Madhvani have children?
Yes. Mayur Madhvani and Mumtaz have two daughters, Natasha Madhwani and Tanya Madhwani.
Who is Natasha Madhwani?
Natasha Madhwani is the elder daughter of Mayur Madhvani and Mumtaz. She married Indian actor Fardeen Khan in 2005.
What is Kakira Sugar Limited?
Kakira Sugar Limited is the flagship sugar company associated with the Madhvani Group in Uganda. Its sugar operations date to 1930. After years of shutdown following the 1972 expulsion of Asians from Uganda, the complex was returned to the Madhvani family in 1985 and sugar production resumed in 1989.
What businesses are linked with the Madhvani Group?
The group’s current operations include agro-industry, renewable power, ethanol, manufacturing, services, tourism, insurance, and related business activities.
