Table of Contents
Key Points
- Hitesh Anadkat’s stake in FMB Capital surged to $738.85 million after shares jumped nearly 15% in just four trading days.
- The billionaire businessman has gained over $170 million in under a month from FMB Capital’s continued stock rally.
- FMB Capital Holdings is up 107% year-to-date, making it one of the Malawi Stock Exchange’s best-performing stocks in 2025.
Hitesh Anadkat, one of Malawi’s wealthiest businessmen, has seen the value of his stake in FMB Capital Holdings climb back to $700 million, following a sharp increase in the share price of the Mauritius-based financial group.
Anadkat owns 45.32 percent of the company, about 1.11 billion shares. Over just four trading days, the market value of his stake rose from MWK1.11 trillion ($642.60 million) to MWK1.28 trillion ($738.85 million), adding $96.25 million to his portfolio.
This follows an earlier gain of $73.8 million recorded between June 6 and June 12, when his stake jumped from $568.71 million to $642.83 million. Altogether, Anadkat has added over $170 million to his wealth in under a month.
Hitesh Anadkat’s wealth sees boost
FMB Capital, founded by Hitesh Anadkat in 1995, has gradually built a strong presence across Southern Africa. From its base in Malawi, the banking group has expanded into Mozambique, Zimbabwe, Zambia, and Botswana. Its headquarters in Mauritius offer strategic access to regional markets and a regulatory environment that supports cross-border operations.
In the past week, FMB Capital’s shares, listed on the Malawi Stock Exchange, have climbed nearly 15 percent, rising from MWK1,000.04 ($0.58) on June 27 to MWK1,149.83 ($0.66) at the time of drafting this report. This has lifted its market cap above $1.5 billion, making it one of the exchange’s top performers. For Anadkat, the rally has added significantly to his wealth, cementing his reputation as one of Malawi’s richest business leaders.
FMB Capital shares jump 107 percent YTD
FMB Capital has emerged as one of the top-performing stocks on the Malawi Stock Exchange in 2025, delivering a year-to-date return of 107 percent. To put that into perspective, an investment of $100,000 at the start of the year would now be worth $207,180.
This sharp rise in FMB Capital’s share price reflects growing investor confidence in African financial institutions, especially those with a strong regional presence and sound management. As more investors turn their attention to African markets, FMB Capital is increasingly being viewed as a solid choice for those looking for long-term value in a fast-developing market.
