Nishat Group ( ur, ) is a Pakistani multinational

conglomerate company A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates ...

which is based in

Lahore Lahore ( ; pnb, ; ur, ) is the second most populous city in Pakistan after Karachi and 26th most populous city in the world, with a population of over 13 million. It is the capital of the province of Punjab where it is the largest city ...

, Pakistan. The company was founded by Pakistani business magnate Mian Muhammad Yahya in 1951. Mian Muhammad Mansha is the current chairman of the group. Many of the Nishat Group's subsidiaries are listed on the Pakistan Stock Exchange.

History

The company was founded by Mian Muhammad Yahya, later the ownership went to Mian Muhammad Mansha, Chaiman of Nishat Group. Nishat Mills Faisalabad was the first

textile mill Textile Manufacturing or Textile Engineering is a major industry. It is largely based on the conversion of fibre into yarn, then yarn into fabric. These are then dyed or printed, fabricated into cloth which is then converted into useful goods ...

they started. It had a net income of 520 million dollars in 2022.

Companies

Nishat Group is one of largest conglomerate companies in Pakistan. Some companies which group owns are:

Listed on Pakistan Stock exchange

Following are the companies which are listed on the Pakistan Stock Exchange: * Adamjee Insurance Limited *

DG Cement DG Cement is a Pakistani building materials company which is owned by Nishat Group. It is the largest cement manufacturer of Pakistan with a production capacity of 14,000 tons per day. The company has three active plants which are present in Khai ...

MCB Bank MCB Bank Limited () is a Pakistani multinational commercial bank which is based in Lahore, Punjab, Pakistan. The majority of shares are owned by Pakistani conglomerate Nishat Group and Malaysian bank Maybank. The bank has a network of 1,600 br ...

* Nishat Chunian

DG Khan Cement

DG Khan is a major Pakistani cement manufacturer which the group acquired in 1992 under the 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 24,000 tons per day.

MCB Bank

MCB Bank is one of the four largest banks in Pakistan. It is considered as one of the ' Big Five' banks of Pakistan. The bank was incorporated by Adamjee Group and it was nationalized by then Prime Minister

Zulfikar Ali Bhutto Zulfikar (or Zulfiqar) Ali Bhutto ( ur, , sd, ذوالفقار علي ڀٽو; 5 January 1928 – 4 April 1979), also known as Quaid-e-Awam ("the People's Leader"), was a Pakistani barrister, politician and statesman who served as the fourt ...

. In the 1990s, it was privatized by then Prime Minister

Nawaz Sharif Mian Muhammad Nawaz Sharif (Urdu, Punjabi: ; born 25 December 1949) is a Pakistani businessman and politician who has served as the Prime Minister of Pakistan for three non-consecutive terms. He is the longest-serving prime minister of Pak ...

's government and came under the 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. Today, Nishat Chunian Group consists of four companies – Nishat Chunian Limited (a textile company), Nishat Chunian Power Limited (a power generation company), Nishat Chunian USA Inc. (Incorporated in the USA), and Nishat Chunian Electric Corporation Ltd.(a captive power generation company).

Lal Pir Power

Nishat Automobile

In February 2017, it was announced that both companies are venturing to assemble cars in

Pakistan Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's fifth-most populous country, with a population of almost 243 million people, and has the world's second-lar ...

. In March 2017, it was announced that Nishat Group will setup their first plant in

Faisalabad Faisalabad (; Punjabi/ ur, , ; ), formerly known as Lyallpur (Punjabi, Urdu: لائل پور), named after the founder of the city, but was renamed in 1977 in honour of late King Faisal of Saudi Arabia. It is the 3rd largest city of Pakis ...

, Pakistan, which will assemble electric cars. Nishat Group will have a 42% stake in the venture.

Unlisted

Following are the companies which are not listed on the Pakistani Stock Exchange: *

Nishat Linen Nishat Linen is a Pakistani clothing brand which sells ready-to-wear, unstitched clothes. It is based in Lahore, Pakistan, and it is one of largest retailers in Pakistan. History Nishat Linen was founded in 1989 by Naaz Mansha, the wife of Paki ...

* 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

{{KSE 100 Conglomerate companies of Pakistan Conglomerate companies established in 1951 Multinational companies headquartered in Pakistan Pakistani companies established in 1951