Jahangir Siddiqui
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Jahangir Siddiqui | |
|---|---|
| Born | July 28, 1948 |
| Occupations | Businessman, banker |
| Known for | Founder of Jahangir Siddiqui & Co. and JS Bank |
| Spouse | Mahvash Siddiqui |
| Children | 2, including Ali Jehangir Siddiqui |
| Relatives | Sultana Siddiqui (Brother) |
Jahangir Siddiqui (جہانگیر صدیقی) is a Pakistani businessman and founder of Jahangir Siddiqui & Co. and JS Bank.[1]
On May 15, 1962, with the support of his family, Siddiqui became a local distributor of ice cream and Coca-Cola.[2] In 1966, he completed a bachelor's degree in commerce, and began training as a chartered accountant in 1967.[2] His interest in stock markets eventually led him to start his own company in October 1971.[3] In 1971, Siddiqui founded Jahangir Siddiqui & Co. Ltd, which by growth and acquisition eventually became the JS Group of companies.[3]
To raise money to start the company after his father's initial refusal to lend him Rs 6,000 to start a business, Siddiqui secretly stole and sold his family's car to a junk dealer for Rs1,800, along with the family's two-year stock of wheat and coal, all of which were stored in the family's house at the time.[3] When discussing this start as a businessman, Siddiqui said, "Positive thinking distinguishes an entrepreneur from the rest of the crowd. He's never deterred by difficult circumstances."[3] By the time he retired from the company in 2003, JS Group comprised a range of businesses with over 18,000 employees.[3]
Siddiqui and his wife Mahvash went on to found the Mahvash & Jahangir Siddiqui Foundation, a charitable, non-profit organization[4] focusing on healthcare, education, sustainable development through social enterprise and emergency relief in Pakistan.[5]