Nishat Group
Nishat Group (Urdu: نِشاط) is a Pakistani multinational conglomerate company[3] which was founded by Pakistani business magnate Mian Muhammad Yahya in 1951. Mian Muhammad Mansha is the current chairman of the group[4] which is based in Lahore, Pakistan.
 | |
| Founded | 1951 |
|---|---|
| Founder | Mian Muhammad Yahya |
| Headquarters | Lahore, Pakistan |
Key people | Mian Muhammad Mansha (chairman) |
| Total assets |  US$10.3 billion (2008)[1] |
Number of employees | 34,923 (2011)[2] |
| Website | www |
The company is listed on all three stock exchanges of Pakistan.[5]
History
The company was founded by Mian Yahya, later the ownership was under Mian Mansha. Nishat Mills Faisalabad was the first textile mill.
Companies
Nishat Group is one of largest conglomerate companies of Pakistan. Some companies which group owns are:[6]
Listed on Stock exchange
Following are the companies which are listed on Pakistani stock exchanges:
- Adamjee Insurance Limited
- Pakgen Power Limited
- Nishat Power Limited
DG Khan Cement
DG Khan is a major Pakistani cement manufacturer which the group acquired in 1992 under privatization scheme. It has three active plants in the country. It generates around Rs. 2.2 billion per year. It has a production capacity of 24,000 tons per day.[7]
MCB Bank
MCB Bank is one of the four largest banks of Pakistan. It is considered as 'Big 4' of Pakistan. The bank was incorporated by Adamjee Group and it was nationalized by then Prime Minister Zulfikar Ali Bhutto. In 1990s, it was privatized by then Prime Minister Nawaz Sharif's government and came under Nishat Group.
In 2015, the bank generated around ₨66.43 billion which makes it one of the well performing banks of Pakistan.
Nishat Chunian
Nishat Chunian Group was incorporated in 1990 to diversify the business of Nishat Group. Today, Nishat Chunian Group consists of four companies – Nishat Chunian Limited (a textile company), Nishat Chunian Power Limited (a power generation company), Nishat Chunian USA Inc. (Incorporated in USA) and Nishat Chunian Electric Corporation Ltd.(a captive power generation company).
Lal Pir Power
Nishat Automobile
In February 2017, it was announced that both companies are venturing to assemble cars in Pakistan.[8]
In March 2017, it was announced that Nishat Group will setup their first plant in Faisalabad, Pakistan which will assemble electric cars.[4] Nishat Group will have 42% stake in the venture.[4]
Unlisted
Following are the companies which are not listed on Pakistani stock exchanges:
- Nishat Linen
- Adamjee Life Assurance Limited
- Nishat Dairy (Private) Limited
- Nishat Hospitality (Private) Limited
- Nishat Papers Products Company Limited
- Pakistan Aviators & Aviation
- Security General Insurance Company Limited
- Nishat Hotels and Properties Limited
- Nishat (Aziz Avenue) Hotel and Properties Limited
- Nishat (Gulberg) Hotel and Properties Limited
- Nishat (Raiwind) Hotel and Properties Limited
- Nishat Agriculture Farming (Private) Limited
- Nishat Automobile (Private) Limited
- Nishat Developers (Private) Limited
- Nishat Commodities (Private) Limited
- Lalpir Solar Power (Private) Limited
- Nishat Real Estates Development Company (Private) Limited
- Nishat Farms Supplies (Private) Limited
- Nishat International FZE
- Nishat Global China Company Limited
- Nishat UK (Private) Limited
- Nishat Linen Trading LLC
- Nishat USA Inc.
References
- "The Daily Mail - Daily News from Pakistan - Newspaper from Pakistan". dailymailnews.com.
- "The man behind Pakistan's biggest conglomerate". www.fortuneindia.com.
- "The Nishat Hotel starts operations in Lahore - The Express Tribune". 20 April 2014.
- Jamal, Nasir (3 March 2017). "Nishat Group to introduce electric, hybrid cars".
- http://www.nishatmillsltd.com/nishat/over-the-years.htm
- http://www.nishatmillsltd.com/nishat/nishat-group.htm
- "DG Khan Cement rakes in Rs2.06 billion profit - The Express Tribune". 20 April 2017.
- Reuters (4 February 2017). "Hyundai to assemble cars in Pakistan in venture with textile group Nishat Mills".