Dinesh Schaffter

December, 16, 2022

As a result of an incident that happened yesterday (15), well-known businessman Mr. Dinesh Schaffter passed away.

This is a brief note about Mr. Dinesh Schaffter's business career.

Dinesh Schaffter served as the Managing Director of First Capital Holdings PLC and its subsidiaries.

He has a background in finance, and substantial expertise of over 25 years, during which he has executed a range of transactions including M&A, restructuring and business valuations.

With professional qualifications in Finance as a Member of the Chartered Institute of Management Accountants (CIMA), UK, a Bachelor’s Degree in Law (LL.B.) and an Executive Master’s Degree in Business Administration (MBA) from INSEAD, France, his insights are valuable to the company in developing strategies for expansion, acquisitions and business collaboration.

He was formerly the Managing Director of Kelsey Developments PLC and Dunamis Capital PLC.

As a cricketer, he played 16 first-class cricket matches as a Slow Left arm Orthodox, for Antonians Sports Club and Moors Sports Club.

Company positions held by Mr. Dinesh Schaffter at the time of his demise are as follows.

First Capital Treasuries PLC - Executive Director & Managing Director

First Capital Holdings PLC- Executive Director & Managing Director

Janashakthi Insurance PLC - Non-Independent Non-Executive Director

Twid Capital (Pvt) Ltd. - Managing Director

First Capital Trustee Services Pvt Ltd. - Managing Director

Thornton Engineering Pvt Ltd. - Director

Pre-Fab Engineering Projects (Pvt) Ltd. - Managing Director & Director

First Capital Asset Management Ltd. - Managing Director & Director

Premier Synthetic Leather Manufacturers (Pvt) Ltd. - Director