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New Delhi, 14th June 2025: In a significant development signaling renewed Indo-African business ties, Shrai Madhvani, Promoter of the globally diversified Madhvani Group, along with his wife Aparna Madhvani and Group Director Nitin Gadhia, met Prime Minister Narendra Modi at his official residence in New Delhi.
The meeting held on Saturday was both emotional and forward-looking. Madhvani began by expressing heartfelt condolences to the Hon’ble Prime Minister for the tragic plane crash that occurred on 12th June 2025 in Ahmedabad, which claimed several lives. Joining him in this solemn moment were Aparna Madhvani and Nitin Gadhia, who is also a Trustee of the BAPS Swaminarayan Akshardham Sanstha.
Madhvani fondly recalled Prime Minister Modi’s visit to Kampala, Uganda in 2018, where the Prime Minister had encouraged the Madhvani Group to become a part of India’s growth story. With ancestral roots in Gujarat, the Madhvani family shares a deep emotional and cultural connection with India.
During the meeting, Madhvani briefed the Hon’ble Prime Minister on the Group’s strategic entry into India through the acquisition of Hindustan National Glass & Industries Ltd. (HNGIL) — India’s largest container glass manufacturer, currently under insolvency proceedings since October 2021. The acquisition is being undertaken through INSCO, a Madhvani Group company.
The delegation also apprised the Prime Minister about the recent Supreme Court judgment which cleared the legal path for INSCO to take over HNGIL, marking a major milestone for the Group’s entry into the India.
Commending Prime Minister Modi’s visionary policies such as Ease of Doing Business, Make in India, and the government’s pro-business outlook, Madhvani acknowledged that these initiatives played a vital role in the Group’s decision to invest in India. He further informed that the Group is exploring investments of up to INR 10,000 crore over the next five years, which is expected to generate substantial employment and contribute to industrial growth.
In a gesture symbolizing the family’s legacy and commitment, Madhvani presented Prime Minister Modi with a book authored by his elder brother Kamlesh Madhvani and Father Manu Bhai Madhvani, both of whom have played foundational roles in the Group’s global success.
Prime Minister Narendra Modi warmly welcomed the Madhvani Group’s investment plans and assured full support for their ventures in India. He expressed delight over the Group’s decision to return to its roots and contribute to India’s ongoing development journey.
This meeting marks not only a moment of strategic economic collaboration but also a celebration of enduring cultural and spiritual ties between India and the Madhvani Group.
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