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Nishat Group Intro

Nishat Group is one of the largest conglomerates in Pakistan, owned by Muhammad Mansha, the richest man in Pakistan. The group has multi-billion dollar assets and owns the most profitable bank (MCB), largest insurer (AdamJee Insurance), largest cement company (D.G. Khan Cement), and two of the largest power plants in the country. Nishat Mills is the group's flagship textile company and is responsible for 30% of the country's workforce. The company has spinning, weaving, processing and garment manufacturing facilities and works with top international brands such as Levis, Next, and Gap.

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273 views1 page

Nishat Group Intro

Nishat Group is one of the largest conglomerates in Pakistan, owned by Muhammad Mansha, the richest man in Pakistan. The group has multi-billion dollar assets and owns the most profitable bank (MCB), largest insurer (AdamJee Insurance), largest cement company (D.G. Khan Cement), and two of the largest power plants in the country. Nishat Mills is the group's flagship textile company and is responsible for 30% of the country's workforce. The company has spinning, weaving, processing and garment manufacturing facilities and works with top international brands such as Levis, Next, and Gap.

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Introduction

Among the top five business houses in Pakistan, Nishat group is the well-known conglomerate
owned by richest man in the country, Muhammad Mansha, 67, leading one of the most diversified
businesses in South Asia with multi billion assets. Nishat group owns most profitable bank, MCB
with a deposit base of about Pakistan Rs.230 billion (US$ 3.8 billion), largest insurer, AdamJee
Insurance, largest cement manufacturing company, D.G.Khan Cement Company Limited (DGKCC)
with a production capacity of 5500 tons clinker per day, two biggest power plants in the country,
Nishat Shoaiba paper mills and Phoenix Aviation and the largest textile and the groups flagship
company, Nishat Mills Ltd. which plays pivotal and fundamental role in the countrys
industrialization.
Nishat Mills Ltd. is responsible for 30% of countrys workforce only behind the government and
armys workforce and generates revenue only behind the overseas Pakistanis remittances that is
$11.2bn. Spinning, weaving, processing (printing) and garment manufacturing constitute the Nishat
Mills Ltd. value chain. Nishat Mills is recognised as green company and ISO-9001, IKO-TEX100, SA-
8000 and Citypad certified. Product mix of sales comprises of 28% of yarns, 27 % of processed fabric,
18% of grey fabric and 13% of made-ups. Company has working relationship with top international
brands such as J.K.N. International, Levis, Next, Pincroft Dyeing, Ocean Garments, Arnold Kock, Gap,
Tommy Hilfiger, Carreman and Sinha Fashion. In recent years, Nishat Mills has established it
subsidiary companies such as Nishat USA, Nishat Canada and Nishat Linen Trading LLC. UAE.






http://www.thenewstribe.com/2013/04/01/nishat-group-profile/
http://www.ft.com/cms/s/2/8653d82e-e146-11e1-9c72-00144feab49a.html#axzz2m3wNUOTV
http://nishatcanada.com/corporate/nishat-group/
http://www.lahorestock.com/Events/CorporateBriefing/Nishat%20Mills%20Limited%20Presenation
%2024-03-2011.pdf (Corporate Briefing, Lahore Stock Exchange, March 24, 2011)

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