Nagina Group

Nagina Group
Public corporation
Industry Textile industry
Energy development
International trading
Founded 1972 (1972)
Headquarters Lahore, Pakistan
Key people
 Inam Ellahi Shaikh
Shaukat Ellahi Shaikh[1]
Shafqat Ellahi Shaikh[2]
Revenue Increase ₨832 million,
$100 million USD (FY 2006)
Website www.nagina.com

Nagina Group is a Pakistani conglomerate company which is based in Lahore, Pakistan. It manufactures a wide variety of textile products.

The company was founded in 1972 by Inam Ellahi Shaikh and Ashan Ellahi Shaikh. Nagina Cotton/Yarns (a subsidiary of Nagina Group) was listed by Forbes magazine as among the best-performing-companies with less than US $1 billion in revenue in 2003.[3][1]

History

The Nagina Group began as a single company, Nagina Mills Limited, established by Shaikh Inam Ellahi and Ashan Ellahi Shaikh in 1967.[4] Focusing on the production of cotton yarn, it grew with the acquisition of tanneries, factories that produced shoes and ice, and Pakistan's largest jute mill. These assets were lost, however, when East Pakistan separated from the Pakistani Federation to become Bangladesh in 1971. In 2006, Managing Director of Nagina Group, Shafqat Ellahi Shaikh was elected Chairman of All Pakistan Textile Mills Association.[2]

Nagina Group of companies

The company restructured itself in 1972 as the Nagina Group, consolidating its assets under a single umbrella organization.

The group currently manages these subsidiaries:

  • Nagina Cotton Mills Limited[1]
  • Ellcot Spinning Mills Limited
  • Prosperity Weaving Mills Limited (incorporated on 20 November 1991) - listed and traded on Karachi Stock Exchange with ticker symbol PRWM. Mills location is in Sheikhupura District, Punjab, Pakistan. As of 2014, this production facility has 340 textile looms with annual capacity of 55 million linear meters of fabric. This company exports its products to customers in Europe, North America and the Far East countries.[4]
Together, Nagina Group facilities hold 85,416 spindles, 240 Air Jet Weaving Machines and produce forty-eight million pounds of carded and combed yarn annually.[1]

Nagina Group also operates three private power plants to provide electricity for its mills. The installed capacity of its generators is 30.57 Megawatts. Excess energy is sold to other industrial facilities in the area.

Nagina Cotton Mills Limited is the flagship company of the Group, established in 1967. The company operates spinning machinery comprising 47,040 spindles with related textile processing machines. In 2014, the Managing Director and CEO of Nagina Group was optimistic about his companies' future business prospects for exports to the European markets.[5]

Nagina Group is active in the textile and cotton spinning, weaving, energy, real estate, and trading sectors in Pakistan.

References

  1. 1 2 3 4 Habib Bank Limited (HBL) and Prosperity Weaving Mills sign Rupees 600 million deal, Business Recorder (newspaper), Published 17 May 2004, Retrieved 18 September 2017
  2. 1 2 Business news briefs: Nagina Group's Shafqat Ellahi Shaikh elected Chairman of All Pakistan Textile Mills Association, The News International (newspaper), Published 3 October 2006, Retrieved 18 September 2017
  3. ↑ Nagina Cotton/Yarns listed on Forbes 2003 list of best companies under a US $ 1 billion in revenue, forbes.com/global website, Retrieved 18 September 2017
  4. 1 2 Nagina Group's Prosperity Weaving Mills Limited Company on Business Recorder (newspaper), Published 4 September 2014, Retrieved 18 September 2017
  5. ↑ Listed textile companies excited over prospects, Dawn (newspaper), Published 9 March 2014, Retrieved 18 September 2017
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