Malawi’s richest man Hitesh Anadkat set for $7.47 million FMBcapital payout

Hitesh Anadkat, the billionaire banker and investor who ranks as Malawi’s richest man, is set to receive a $7.47 million dividend from his stake in Mauritius-based lender FMBcapital Holdings Plc, adding to another year of strong returns from the regional banking group he helped build.

Indian-Malawian tycoon secures millions in payouts

The 66-year-old Indian-Malawian businessman owns a 45.35 percent stake in FMBcapital, equivalent to about 1.11 billion shares. Based on that holding, he is expected to collect $7.47 million when the group distributes its final dividend on July 3, alongside other shareholders.

The payment forms part of the group’s proposed final dividend of $16.47 million, after directors recommended a distribution of $0.0067 per share. Combined with the interim dividend of about $3.34 million paid earlier in the year, Anadkat’s total dividend income from FMBcapital for the period will reach roughly $10.81 million.

FMBcapital profit surges to $152.2 million

The payout follows another year of strong financial results for FMBcapital, the group Anadkat co-founded with Rasik Kantaria in Malawi’s commercial hub of Blantyre. What began as a local banking operation has grown into a regional lender with businesses in Botswana, Malawi, Mozambique, Zambia and Zimbabwe, giving it a broader earnings base across Southern Africa.

That approach helped lift earnings in 2025. FMBcapital reported profit after tax of $152.2 million, compared with $103.5 million a year earlier, supported by stronger contributions from its main subsidiary and growth across its markets. Total operating income climbed to $385.47 million from $278.3 million in the previous year.

Total assets climb 23% to $2.54 billion 

The stronger results also lifted the group’s balance sheet. Total assets rose 23 percent to $2.54 billion at the end of December 2025, from $2.06 billion a year earlier. Shareholders’ equity increased to $425.72 million from $294.93 million, while retained earnings climbed to $273.75 million from $186.2 million.

For Anadkat, the latest payout underscores the value of a banking group that has steadily expanded beyond Malawi and built a presence across several African markets, helping cement his standing among the continent’s wealthiest banking investors.