At this point, almost all of the industrialists and citizens related to the corporate are familiar with the case of Portland Cement Zambia. The cement factory was among the top factories in Zambia producing cement. It is owned by Dr. Rajan Mahtani, a noted businessman and philanthropist. Over the course of three to four decades, Dr. Rajan Mahtani has successfully established his empire across the Zambian nation. Some of his top establishments include Mahtani Group of Companies, Zambezi Portland Cement, Finance Bank Zambia and Finsbury Investments. Dr. Mahtani has also established businesses across major developed nations, such as the United Kingdom. As a result of these connections and business establishments, he has successfully brought foreign investments in Zambia.
The case of Portland Cement Zambia is more than 10 years old. Dr. Mahtani registered the case at the Lusaka High Court when it was illegally taken over by the Ventriglias. The Ventriglias are a notorious Italian family residing in Zambia for many decades. The factory was taken over with the help of goons and illegally. On top of that, the Ventriglias defended themselves by saying that Dr. Mahtani did not pay for the shares he owns at the factory. However, the same has not been provided yet by the Ventriglias as they have failed to submit any relevant document or evidence to support their claims. Dr. Rajan Mahtani, on the other hand, has been consistently submitting relevant documents, evidences and testimonials to prove his legal ownership over the factory. He has shared a signed shareholders agreement which clearly states his shareholding at the factory. Furthermore, financial and business exhibits clearly show his investments in the factory, which is more than USD 8 million. Also, he had conducted an independent audit. The independent audit report clearly states that the factory was initiated as the joint venture and Dr. Rajan Mahtani was the sole joint venture partner of the factory.
All these facts clearly indicate that Dr. Rajan Mahtani is the real owner of the factory.