Nishat Group

Nishat Group

Type	Public (KSE: [1])
Industry	Textile, Banking, Cement, Power Generation
Founded	1951 by Mian Muhammad Mansha (Chairman)
Headquarters	Lahore, Pakistan.
Key people	Mian Muhammad Mansha (Chairman)
Products	Textile and Textile Products Cement Banking Insurance
Revenue	US$ 283 million
Total assets	US$5 Billion PKR 300 Billion
Employees	30,000 (2008)
Website	http://www.nishatpak.com

Nishat Group is a business conglomerate founded and run by Mian Muhammad Mansha.^[1] The company has fixed/current assets of over Rs.300 billion (US$ 5 billion), it ranks amongst the top five business houses of Pakistan and has a strong presence in textiles, cement and financial services, as well as a market share in insurance (Adamjee and Security General), power generation, paper products (Nishat Shoaiba Paper Mills) and aviation (Pakistan Aviators & Aviation).

Nishat Textiles

Nishat Mills Limited, the flagship company of the group, was established in 1951. With a production facility of 270,000 spindles, 740 looms, and a dyeing & printing capacity of 7 million meters (7.65 million yards), NML is the largest composite textile set up in Pakistan.

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 5,500 tons clinker per day. It has a countrywide distribution network and its products are preferred on projects of national repute both locally and internationally due to the unparallel and consistent quality. It is listed on all the Stock Exchanges of Pakistan. Furthermore, the Group has also set up a new cement production line of 6,700 TPD clinker near Kalar Kahar, Distt. Chakwal, the single largest production line in the country.

Financial services

Muslim Commercial Bank (MCB) is 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.^[2]

See also

• Muslim Commercial Bank
• Mian Mohammad Mansha

References

http://www.nishatpak.com/

1. ^ http://www.euromoney.com/Article/2024926/Leadership-at-Nishat-group.html
2. ^ http://www.mcb.com.pk/media_centre/press12.asp