Nishat Chunian

Nishat Chunian Limited 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]

History

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][6] It began commercial operations in March 1991 with a manufacturing facility of 14,400 spindles supplied by Sulzer.[7][8] The company was also listed on the Karachi Stock Exchange in 1991.[8]

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 ₨350 million.[9]

In 2010, Nishat Chunian established Nishat Chunian Power, a 200MW independent power producer, which is also listed on the Pakistan Stock Exchange.[5][6]

In 2016, Nishat Chunian opened the first store of The Linen Company in Lahore.[6]

In July 2018, Nishat Chunian divested its shareholding in Nishat Chunian Entertainment.[10]

Subsidiaries

• Nishat Chunian USA Inc.[11][12]
• Nishat Chunian Electric Corporation Ltd.[2]
• The Linen Company[4]

Former subsidiaries

• Nishat Chunian Power[2]
• Nishat Chunian Entertainment[10]

Factories

Nishat Chunian operates factories in the following cities:

• Kasur[4]
• Raiwind[4]