Mubarak Shah was the second ruler of the Sayyid dynasty which ruled the Delhi Sultanate after the fall of the Tughlaq dynasty. He succeeded his father, Khizr Khan to the throne in 1421 CE.
After Sher Shah Suri conquered malwa from Qadir shah, he appointed Shujaat Khan as the governor. His son, Baz Bahadur, declared himself independent in 1555 CE. Baz Bahadur was the last sultan of Malwa.