Habib Sugar Mills
The House of Habib ( ) is a corporate group, group of companies headquartered in Karachi, Pakistan. The group was originally founded by Habib Esmail in Mumbai, Bombay (British India) in 1841.Company Overview of House of Habib (Private) Limited on Bloomberg.com website
Retrieved 25 July 2019Economic Review, November 1984 (P 59) p 14

History

The roots of House of Habib goes back to the 19th century when it commenced as Khoja Mithabhai Nathoo in 1841 in Mumbai, Bombay, operating as a family business. In 1891, a family member named Habib Esmail played a pivotal role in the company's expansion. Subsequently, the company evolved into a major trading fi ...
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Corporate Group
A corporate group, company group or business group, also formally known as a group of companies, is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control. These types of groups are often managed by an account manager. The concept of a group is frequently used in tax law and accounting and (less frequently) company law to attribute the rights and duties of one member of the group to another or the whole. If the corporations are engaged in entirely different businesses, the group is called a conglomerate. The forming of corporate groups usually involves consolidation via mergers and acquisitions, although the group concept focuses on the instances in which the merged and acquired corporate entities remain in existence rather than the instances in which they are dissolved by the parent. The group may be owned by a holding company which may have no actual operations. Black Bear Development, conceptualized ...
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