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Nishat Group
Pakistani conglomerate based in Lahore From Wikipedia, the free encyclopedia
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Nishat Group (Urdu pronunciation: [nɪʃaːt̪])[1] is a group of companies headquartered in Lahore, Pakistan.[2][3] It was founded in 1951. Mian Muhammad Mansha is the current chairman of the group.[4]
 | This article needs additional citations for verification. (January 2025) |
At least eleven of the Nishat Group's subsidiaries are listed on the Pakistan Stock Exchange.[5][6]
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History
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Nishat Group's origins go back to a leather business in Calcutta, British India, established by Mian Muhammad Yahya.[7] Following the partition of India in 1947, Mian Muhammad Yahya and his three brothers, Mian Hameed, Mian Rafiq, and Mian Ayub, founded Nishat Mills in Pakistan in 1951.[7] The name "Nishat" was pre-assigned to the textile license they acquired and was not chosen by the founders.[7]
Mian Muhammad Mansha joined the family business in 1968 after the death of his father, Mian Muhammad Yahya.[7] By 1970, the Nishat Group had expanded to include six industrial units in West Pakistan: Nishat Corporation, Nishat Sarhad Textile, Nishat Textile Faisalabad, Nishat Chemical Industries, Nishat Poultry, and Creamy Industries Nowshera.[7] The group also had investments in East Pakistan prior to the independence of Bangladesh, including Nishat Jute Mills, Qadiryah Textile Mills, Telgin Cotton Mills, and Chemical Industries of Pakistan.[7] Nishat Jute Mills was acquired by the group from the Pakistan Industrial Development Corporation in East Pakistan.[8]
In 1969, the assets of the group were divided among the family members.[7] Mian Muhammad Mansha received assets located in West Pakistan, while assets in East Pakistan were transferred to other family members, which were eventually lost after the creation of Bangladesh.[7]
In January 1995, Nishat Group planned to issue $70 million in global depository receipts (GDRs) through ABN Amro to finance the equity portion of a $216 million greenfield project for Hercules Cement.[9] The GDR issuance was canceled in February 1995 due to unfavorable international and local market conditions.[9]
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List of companies
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Listed companies
Following are the companies which are listed on the Pakistan Stock Exchange:
Unlisted companies
Following are the companies which are not listed on the Pakistani Stock Exchange:[7]
- Pakistan Aviators & Aviation
- Security General Insurance
- Nishat Hotels and Properties Limited[3]
- Nishat Hospitality
- Nishat Residences
- Nishat Hotels
- Nishat Hotel, Aziz Avenue
- Nishat Hotel, Gulberg
- Nishat Hotel, Raiwind
- St James's Hotel and Club
- Nishat Agriculture Farming
- Nishat Automobile
Nishat Automobile
In February 2017, it was announced that both companies are venturing to assemble cars in Pakistan.[5]
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 a 42% stake in the venture.[4]
Nishat Agriculture Farms
In 2024, the company announced its plans to invest in corporate farming.[19]
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Defunct
- First Nishat Modaraba[20]
- Genertech[20]
- Nishat Tek[20]
- Raza Textile Mills[20]
- Umer Fabrics[20]
See also
References
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