Nishat Group
 | |
| Founded | 1951 |
|---|---|
| Headquarters | Lahore, Pakistan |
Key people | Mian Muhammad Mansha |
| Total assets |
 |
| Website |
www |
Nishat Group (Urdu: نِشاط) is a Pakistani multinational conglomerate company[2] which was founded by Pakistani business magnate Mian Muhammad Mansha.[3] It is based in Lahore, Pakistan.
The company is listed on all three stock exchanges of Pakistan.[4]
Companies
Nishat Group is one of largest conglomerate company of Pakistan. Some companies which group owns are:[5]
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 14,000 tons per day.[6]
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. Nishat Chunian Group itself consists of five companies which makes Nishat Chunian a well performer business entity of Pakistan. The group is involved in the power sector which is a big opportunity due to the shortfall of power in Pakistan. They recently entered the cinema industry and opened their biggest chain in Emporium Mall which is one of the biggest shopping malls of Pakistan.
Lal Pir Power
Nishat Automobile
In February 2017, it was announced that both companies are venturing to assemble cars in Pakistan.[7]
In March 2017, it was announced that Nishat Group will setup their first plant in Faisalabad, Pakistan which will assemble electric cars.[3] Nishat Group will have 42% stake in the venture.[3]
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 Nishat Hotel starts operations in Lahore - The Express Tribune". 20 April 2014.
- 1 2 3 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".
