He expanded and added to that initial investment and out of those efforts, the conglomerate known as the Madhvani Group was born.

In 1918, his company bought 800 acres (3.2 km2) of land in Kakira, between Jinja and Iganga, for starting a sugar factory.

Using what was probably the first International Finance Corporation loan to an African country, he set up Mulco Textiles in Jinja.

The commodity market was expanding and the middle class, spawned by Uganda's industrialisation, growing steadily.

His workers and their dependents have enjoyed free education, housing and healthcare, many decades before the term "corporate social responsibility" was even devised.

However a mausoleum that was constructed in his memory lies at the lakeside along that of his elder son and heir, Jayant Madhvani.

After the death of their father, Jayant and his brother Manubhai, oversaw the group's diversification into oil and soap manufacturing, steel, tea and glass production.

In 1972, the Madhvanis, who had known no other home besides Uganda, left the country penniless, along with thousands of other Asians Ugandans.