Hitesh Anadkats FMB Capital stake surged 13 in a week, boosting his net worth by 73.8 million to 642.8 million.
FMB Capitals market value topped 1.4 billion, driven by strong regional expansion across five Southern African countries.
FMB stock rose 80.18 year-to-date, rewarding investors with gains reflecting growing confidence in African regional banking.
After a difficult few months marked by sharp losses, Malawian banker Hitesh Anadkat is finally seeing things turn around. His stake in FMB Capital Holdings, where he remains the biggest shareholder, has climbed in valuedelivering a much-needed lift to his net worth.
Anadkat holds a 45.32-percent stake in the Mauritius-headquartered financial group, equivalent to 1.11 billion shares. Over the past week, the market value of his holdings jumped from MWK986.19 billion 568.71 million to MWK1.11 trillion 642.83 million, a gain of 73.83 million in just seven days.
FMB Capital shares jump 13 percentFMB Capital Holdings, which Anadkat founded in 1995, has steadily expanded its presence across Southern Africa. The group now operates in Malawi, Mozambique, Zimbabwe, Zambia, and Botswana. Its headquarters in Mauritius provides both regional access and regulatory flexibility, helping the business grow beyond its home market.
The recent rally in FMB Capitals stock, rising nearly 13 percent from MWK885.11 0.51 on June 6 to MWK1,000.01 0.58, has not only lifted Anadkats wealth but also pushed the groups market capitalization past 1.4 billion. The strong performance further cements FMB Capitals position as one of the most valuable companies listed on the Malawi Stock Exchange.
Impressive year-to-date returnsFMB Capital has had an impressive run in 2025, drawing attention from investors after its stock jumped 80.18 percent, one of the best performances on the Malawi Stock Exchange this year. A 100,000 investment in January would now be worth 180,180, adding over 80,000 in gains.