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    History of Nishat Mills Limited

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    Arooj
    Mian Mohammad Yahya founded Nishat Mills in 1951 starting with a cotton export house and later expanding into ginning, jute textile, insurance and chemicals. He wanted to establish Pakistan's industrial base. Nishat Mills grew from a weaving unit with 500 looms to becoming Pakistan's largest textile composite project with over 10,000 spindles. It has since diversified into power generation, banking, cement and textiles on a massive scale. Today it is led by Mian Muhammad Mansha and is one of Pakistan's top business groups operating across multiple industries.

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    History of Nishat Mills Limited

    Uploaded by

    Arooj
    54 views2 pages
    Mian Mohammad Yahya founded Nishat Mills in 1951 starting with a cotton export house and later expanding into ginning, jute textile, insurance and chemicals. He wanted to establish Pakistan's industrial base. Nishat Mills grew from a weaving unit with 500 looms to becoming Pakistan's largest textile composite project with over 10,000 spindles. It has since diversified into power generation, banking, cement and textiles on a massive scale. Today it is led by Mian Muhammad Mansha and is one of Pakistan's top business groups operating across multiple industries.

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    HISTORY_OF_NISHAT_MILLS_LIMITED.docx

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    Mian Mohammad Yahya founded Nishat Mills in 1951 starting with a cotton export house and later expanding into ginning, jute textile, insurance and chemicals. He wanted to establish Pakistan's industrial base. Nishat Mills grew from a weaving unit with 500 looms to becoming Pakistan's largest textile composite project with over 10,000 spindles. It has since diversified into power generation, banking, cement and textiles on a massive scale. Today it is led by Mian Muhammad Mansha and is one of Pakistan's top business groups operating across multiple industries.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    54 views2 pages

    History of Nishat Mills Limited

    Uploaded by

    Arooj
    Mian Mohammad Yahya founded Nishat Mills in 1951 starting with a cotton export house and later expanding into ginning, jute textile, insurance and chemicals. He wanted to establish Pakistan's industrial base. Nishat Mills grew from a weaving unit with 500 looms to becoming Pakistan's largest textile composite project with over 10,000 spindles. It has since diversified into power generation, banking, cement and textiles on a massive scale. Today it is led by Mian Muhammad Mansha and is one of Pakistan's top business groups operating across multiple industries.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    HISTORY

    NISHAT MILLS LIMITED

    In 1951, Nishat Mills was founded by Mian Mohammad Yahya. The founder
    was a hard working man, who wanted to take the business to the highest level
    of success. His sheer hard work made this possible. His courageous and
    optimistic attitude made the company grow and prosper. He started his work
    from a cotton export house which then led to multiple branches like ginning,
    jute textile, insurance and chemicals. He wanted his country to establish its
    own industrial base and luckily he was made the chairman of All Pakistan
    textile Mills Association. In such a short time he had great level of success; he
    died at the age of 51 in 1961.

    Nishat Mills Limited was a partnership company at first and then it converted
    into a private limited company. They sold their shares in the Karachi stock
    exchange and then went public. Then they became public limited company,
    they gradually grew and became a huge company. As their shares were bought
    in the stock market the shareholders grew in number, meaning it was
    company’s era of success. It started out as weaving unit with 500 semi-
    automatic looms; later 10000 spindles were added, it then led to become the
    nation’s biggest textile composite project. The company has two textile
    divisions in Faisalabad and Chunian. Faisalabad covers the land of 98 acre and
    has the production process of weaving, spinning, processing, stitching and
    power generation.
    In 1989, the company got listed on Lahore stock exchange and then in 1992 it
    got listed on Islamabad stock exchange. This slowly made it company grew
    and now it is among the leading business houses in the country and also is
    ranked five in the terms of sales and revenue. The Nishat group has four core
    business namely textiles, power generation, banking and cement. In the textile
    capacity has the production process of weaving, spinning, processing and
    finishing which involves the process of dyeing and engraving. This textile is
    the largest in the country with many spindles, looms and dyeing and finishing
    capacity. Now the company has grew into an export oriented organization in
    which most of its product is exported to Far East, Europe and United States.
    Its Cement company and Bank commercial has grown since and is largest
    now.

    Today, the chairman of Nishat Mills Limited is Mian Muhammad Mansha, he


    followed his father footstep and is now in the mission to make Nishat reach its
    peak of success, this determination has made Nishat a multi dimensional
    corporation. It has now become an premier business group.

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