Company type | Public |
---|---|
PSX: NCL | |
Industry | Textile |
Founded | 1990 |
Founder | Shahzad Saleem |
Headquarters | Lahore, Pakistan |
Key people | Shahzad Saleem ( CEO) |
Revenue | Rs. 70.949 billion (US$250 million) (2023) |
Rs. 5.655 billion (US$20 million) (2023) | |
Rs. -871.909 million (US$−3.0 million) (2023) | |
Total assets | Rs. 69.743 billion (US$240 million) (2023) |
Total equity | Rs. 20.572 billion (US$71 million) (2023) |
Owner | Shahzad Saleem (22.85%) Nishat Mills (13.61%) |
Number of employees | 7,101 (2023) |
Parent | Nishat Group |
Subsidiaries |
|
Website |
nishat |
Footnotes / references Financials As of 30 June 2023 [update] [1] |
Nishat Chunian Limited ( Urdu: نشاط چونیاں) is a Pakistani vertically integrated textile company based in Lahore. [2] It is listed on the Pakistan Stock Exchange and is one of the largest textile company of Pakistan. [3]
Nishat Chunian also operates The Linen Company retail stores located in Lahore, Karachi, and Islamabad. [4]
Nishat Chunian was incorporated in 1990 as a spinning mill by Shahzad Saleem, a nephew of Mian Muhammad Mansha, as part of Nishat Group. [5] It began commercial operations in March 1991 with a manufacturing facility of 14,400 spindles supplied by Sulzer. [6] [7] The company was also listed on the Karachi Stock Exchange in 1991. [7]
In 1998, Nishat Chunian established a weaving mill. [5] Two years later, another spinning mill was added. [5]
In 2013, Nishat Chunian acquired Taj Textiles for Rs. 350 million. [8]
In 2010, Nishat Chunian established Nishat Chunian Power, a 200MW independent power producer, which is also listed on the Pakistan Stock Exchange. [5]
In July 2018, Nishat Chunian divested its shareholding in Nishat Chunian Entertainment. [9]
Following are the two subsidiaries:
Nishat Chunian operates factories in the following cities:
Company type | Public |
---|---|
PSX: NCL | |
Industry | Textile |
Founded | 1990 |
Founder | Shahzad Saleem |
Headquarters | Lahore, Pakistan |
Key people | Shahzad Saleem ( CEO) |
Revenue | Rs. 70.949 billion (US$250 million) (2023) |
Rs. 5.655 billion (US$20 million) (2023) | |
Rs. -871.909 million (US$−3.0 million) (2023) | |
Total assets | Rs. 69.743 billion (US$240 million) (2023) |
Total equity | Rs. 20.572 billion (US$71 million) (2023) |
Owner | Shahzad Saleem (22.85%) Nishat Mills (13.61%) |
Number of employees | 7,101 (2023) |
Parent | Nishat Group |
Subsidiaries |
|
Website |
nishat |
Footnotes / references Financials As of 30 June 2023 [update] [1] |
Nishat Chunian Limited ( Urdu: نشاط چونیاں) is a Pakistani vertically integrated textile company based in Lahore. [2] It is listed on the Pakistan Stock Exchange and is one of the largest textile company of Pakistan. [3]
Nishat Chunian also operates The Linen Company retail stores located in Lahore, Karachi, and Islamabad. [4]
Nishat Chunian was incorporated in 1990 as a spinning mill by Shahzad Saleem, a nephew of Mian Muhammad Mansha, as part of Nishat Group. [5] It began commercial operations in March 1991 with a manufacturing facility of 14,400 spindles supplied by Sulzer. [6] [7] The company was also listed on the Karachi Stock Exchange in 1991. [7]
In 1998, Nishat Chunian established a weaving mill. [5] Two years later, another spinning mill was added. [5]
In 2013, Nishat Chunian acquired Taj Textiles for Rs. 350 million. [8]
In 2010, Nishat Chunian established Nishat Chunian Power, a 200MW independent power producer, which is also listed on the Pakistan Stock Exchange. [5]
In July 2018, Nishat Chunian divested its shareholding in Nishat Chunian Entertainment. [9]
Following are the two subsidiaries:
Nishat Chunian operates factories in the following cities: