Nishat group

Nishat Group
Public
Traded as KSE: NCL, NCLR, NCPL, NML, NPL
Industry Textile, Banking, Cement, Power Generation
Founded 1951 (1951)
Headquarters Lahore, Pakistan
Key people Mian Muhammad Mansha (Founder and Chairman)
Products Textiles and textile products
Cement
Banking
Insurance
Revenue Increase Rs.100 billion
Total assets Increase US$10 Billion PKR 300 Billion
Employees 30,000 (2008)
Website

Nishat Group is a Pakistani multinational conglomerate company headquartered in Lahore established in 1951 by Mian Muhammad Mansha.[1] The company comprises numerous subsidiaries and affiliated businesses has in the fields of textile, cement, financial services, insurance, power generation, paper, hospitality industry, agriculture, Dairy industry and aviation. With 30,000 employees the group is the third largest employer in Pakistan after the government and the army.[2] The company has total capitalisation of nearly US$10 Billion.[3] Its motto is 'We stopped saying customers and started saying clients'.

Nishat Mills

Nishat Mills Limited established in 1951 has 198,120 spindles, 655 Toyota air jet looms. The Company also has the most modern textile dyeing and processing units, 2 stitching units for home textile, one stitching unit for garments and Power Generation facilities with a capacity of 89 MW. The Company’s total export for the year 2011 was Rs. 36.015 billion (US$ 416 million). It is the largest composite textile set up in Pakistan

D.G. Khan Cement

D.G. Khan Cement Company Limited (DGKCC), a unit of Nishat group, is the largest cement-manufacturing unit in Pakistan with a production capacity of 14,000 tons per day. DGKCC has three cement plants, two plants located at Dera Ghazi Khan and one at Khairpur Distt. Chakwal. All the plants are based on latest Dry Process Technology. It has a countrywide distribution network and its products are preferred on projects of national repute both locally and internationally. It is listed on all the Stock Exchanges of Pakistan. [4] DG Khan Cement has acquired 57.5 percent shareholding in Sumaria Cement Holding Limited of Mauritius. DG Khan Cement doubled its profits in the nine-month of fiscal 2013 to Rs4.24 billion

MCB Bank Limited

Main article: MCB Bank Limited


MCB Bank Limited is Pakistan's fourth largest bank by assets having an asset base of USD 7 Billion as at Q1, 2012, and the largest by market capitalization having a market capitalization recorded at USD 1.2 billion at year end 2011 one of the leading banks with a deposit base of about Rs.230 billion (US$ 3.8 billion). MCB has more than 1200 branches and is the largest private bank of Pakistan also operating internationally. MCB was also the first Pakistani bank to be listed at London Stock Exchange in October 2006 after attracting US $700 million worth of demand for its US $ 150 million GDR issue.[5] It has won awards including “Best Bank in Asia” in 2008; five times “The Best Bank in Pakistan” award and one time “The Best Domestic Bank” award besides being declared the “The Best Domestic Bank in Pakistan” by Asia Money for the last two years. MCB Bank also received the “The Strongest Bank 2010” award by The Asian Banker for being Pakistan’s best-performing financial institution in 2010.

Adamjee Insurance

Adamjee Insurance Company Limited (AICL) was incorporated as a Public Limited Company on September 28, 1960 and is listed on all three stock exchange of Pakistan. The Company is also registered with the Central Depository Company of Pakistan Limited (CDC) and is involved in the business of general insurance. The head office is located in Karachi and it operates a network of branches all across Pakistan and two in UAE (Dubai & Abu Dhabi). The Company commenced operations with a paid-up capital of Rupees 2.5 million, which has grown phenomenally in the past five decades to Rupees 1.24 billion, as on 31 December 2011.[6][7]

Nishat Power Limited

Nishat Power Limited (NPL) is a public limited company incorporated in February 2007, formed under the Power Policy 2002 as an Independent Power Producer (IPP). The company is a subsidiary of Nishat Mills Limited. It is currently listed on the Karachi Stock Exchange (Guarantee) Limited and Lahore Stock Exchange (Guarantee) Limited.[8]

Pakgen Power Limited

Pakgen Power Limited was incorporated in Pakistan on 22 June 1995 based in Lahore. The principal activities of the Company are to own, operate and maintain an oil fired power station having gross capacity of 365 MW in Mehmood Kot, Muzaffargarh, Punjab, Pakistan.

Nishat Chunian Limited

Est. in 1990 with a spinning mill of only 14,400 spindles, today it has a vertically integrated textile company which prides itself of being the fourth largest textile company in Pakistan (in terms of turnover). In 2007, the group diversified into the power sector by setting up a 200 MW Independent Power Producer. Nishat Chunian doubled its consolidated profits to Rs 2.99 billion in the first nine months of fiscal 2013 attributable to turnaround in core operations of the company led by stellar performance of spinning segment, where steady performance of value-added segment coupled with improved income from associates cemented its position in the textile sector.[9]

Nishat Hotels and Properties Limited


Nishat Hotels and Properties Limited is a subsidiary of the group which owns several real estate's including the St James's Hotel and Club (Est. in 1892) a five star hotel at London. The hotel has fifty-six rooms and twelve suites, many of which have their own terraces, plus a penthouse with a party deck for sixty people.

It also owns Nishat Hotel and Shopping mall, the project consists of a high quality state of the art hotel and shopping mall of international standard as well as large banquet hall catering to the needs of the surrounding areas. The complex is spread over 2.75 million square feet comprising 11 level housing 4 Star 100 beds hotel, banquet halls, shopping malls and stores with food courts, cineplex, health and leisure zones etc.[10] [11]

Nishat Dairy

Nishat Dairy (Private) Limited was incorporated on 28 October 2011 as a private limited company in Pakistan. The company was set up with the principle object of carrying out dairy business in Pakistan. The company has purchased 147 acres of land near Sukheki to set up the dairy operations for 2,500 milking animals. It has a start up investment of Rs 600 million. [12]

Other

  • Lalpir Power Limited
  • Security General Insurance Company Limited
  • Pakistan Aviators & Aviation (Private) Limited
  • Nishat Linen (Private) Limited
  • Nishat USA inc.
  • Nishat Linen Trading LLC
  • Nishat Developers (Private) Limited
  • Nishat Hospitality

References

External links

  • http://www.nishatpak.com/

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