Jahangir Siddiqui is one of the people who started a business as being a distributer of Coca Cola in Hyderabad just at the age of 14. He got inspired by one of his friends, who use to sell these bottles of Coca Cola every day, after following he decided to start his own business as well. Later, he took some support from his father by selling his automobile and some coal stock to give an advantage to his business.
In 1970, Jahangir Siddiqui started a small company called Jahangir Siddiqui & Co which basically included of four people. Today, Jahangir Siddiqui & Co is one of the biggest and well appreciated financial services companies in Pakistan with several subsidiaries which include Abamco, Pakistan’s largest non-government asset management company, Jahangir Siddiqui Capital Markets and Jahangir, Siddiqui Investment Bank.
Jahangir Siddiqui retired as Chief Executive Officer of JS Group in 1999 and since then, advised and lead the boards of some key JS Group companies. While he was operationally involved in JS Group, he was responsible for establishing joint ventures with leading international companies for JS Group companies including those in securities broking with Bear Stearns & Co. Inc. and IFC, asset management with Invesco plc and IFC, health insurance with Allianz AG and Islamic banking with Dubai Bank PJSC.
He has been chosen by the Government of Pakistan as a member of the boards of a number of Government bodies including the Privatization Commission, Economic Advisory Board and the Exchange Reforms Committee. As a member of the Exchange Reforms Committee he was vital in developing the plan through which Pakistan’s capital markets were opened up to foreign investors.
Jahangir Siddiqui has been connected with the KSE in various capacities including as President for two terms. During his terms he was able to introduce key initiatives including the establishment of the Central Depository Company of Pakistan (which made all settlements at all stock exchanges in Pakistan paperless).
He dedicates a substantial amount of time and his wealth to humanitarian activities. In addition to his own generous work through his family foundations, he works with a number of other organizations whose causes he supports. As Chairman of the Board of Trustees Endowment Fund Trust for Preservation of the Heritage of Sindh he is responsible for the preservation of heritage and culture in Sindh province. He also serves on the boards of Institute of Business Management (IoBM) and Sukkur Institute of Business Administration.
Jahangir Siddiqui is playing a very strong part in changing the social order of our society by running a non-profit organization named as Mahvash and Jahangir Siddiqui Foundation. MJSF is a foundation with a goal to promote the economic development and to enhance the dignity and quality of life of individuals, families and communities by helping people in need reach their full potential.