Nishat Group [1] is a group of companies headquartered in Lahore, Pakistan.[2][3] It was founded in 1951. Mian Muhammad Mansha is the current chairman of the group.[4]
At least eleven of Nishat Group's subsidiaries are listed on the Pakistan Stock Exchange.[5]
Nishat Group's origins go back to a leather business in Calcutta, British India
Mian Muhammad Mansha joined the family business in 1968 after the death of his father, Mian Muhammad Yahya.[6] By 1970, the Nishat Group had expanded to include six industrial units in West Pakistan: Nishat Corporation, Nishat Sarhad Textile, Nishat Textile Faisalabad, Nishat Chemical Industries, Nishat Poultry, and Creamy Industries Nowshera.[6] The group also had investments in East Pakistan prior to the independence of Bangladesh, including Nishat Jute Mills, Qadiryah Textile Mills, Telgin Cotton Mills, and Chemical Industries of Pakistan.[6] Nishat Jute Mills was acquired by the group from the Pakistan Industrial Development Corporation in East Pakistan.[7]
In 1969, the assets of the group were divided among the family members.[6] Mian Muhammad Mansha received assets located in West Pakistan, while assets in East Pakistan were transferred to other family members, which were eventually lost after the creation of Bangladesh.[6]
In January 1995, Nishat Group planned to issue $70 million in global depository receipts (GDRs) through ABN Amro to finance the equity portion of a $216 million greenfield project for Hercules Cement. The GDR issuance was canceled in February 1995 due to unfavorable international and local market conditions.[8]
Following are the companies which are listed on the Pakistan Stock Exchange:
Following are the companies which are not listed on the Pakistani Stock Exchange:[6]
In February 2017, it was announced that both companies are venturing to assemble cars in Pakistan.[18]
In March 2017, it was announced that Nishat Group will setup their first plant in Faisalabad, Pakistan, which will assemble electric cars.[4] Nishat Group will have a 42% stake in the venture.[4]
In 2024, the company announced its plans to invest in corporate farming.[19]
In February 2017, it was announced that both companies are venturing to assemble cars in Pakistan.[18]
In March 2017, it was announced that Nishat Group will setup their first plant in Faisalabad, Pakistan, which will assemble electric cars.[4] Nishat Group will have a 42% stake in the venture.[4]
In 2024, the company announced its plans to invest in corporate farming.[19]
