Nishat Group () is a Pakistani multinational conglomerate company which is based in Lahore, 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, Chairman of Nishat Group. Nishat Mills Faisalabad was the first textile mill 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 MCB Bank 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. In the 1990s, it was privatized by then Prime Minister Nawaz Sharif's government and came under the Nishat Group.
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.
In March 2017, it was announced that Nishat Group will setup their first plant in Faisalabad, 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 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.