Loads Limited Explained

Loads Limited
Type:Public
Founder:Syed Shahid Ali
Area Served:Pakistan
Key People:Munir K. Bana (CEO)
Syed Shahid Ali (chairman)
Industry:Automobile
Location:Karachi, Pakistan
Revenue Year:2023
Income Year:2023
Net Income Year:2023
Assets Year:2023
Equity Year:2023
Num Employees:382
Num Employees Year:2023
Subsid:Specialized Motorcycles (100%)
Multiple Autoparts Industries (92%)
Specialized Autoparts Industries (91%)
Hi–Tech Alloy Wheels (80%)
Owner:Syed Shahid Ali (37.67%)
Treet Corporation (12.49%)
Parent:Ali Group
Footnotes:Financials [1]

Loads Limited (Urdu: لوڈز لمیٹڈ) is a Pakistani auto-parts maker based in Karachi.[2] [3] It manufactures exhaust systems, mufflers, radiators and sheet metal components.

History

Loads Limited was founded in 1979.[4]

In 2016, Loads was listed on the Pakistan Stock Exchange, following an initial public offering (IPO) at a strike price of Rs 35 and raised Rs 1.7 billion.[5] [4]

In 2018, Loads began manufacturing alloy wheels at its plant in Port Bin Qasim, Karachi.[6] [7] The used plant was procured from Australia and has capacity to 500,000 wheels per year.[6] [8]

Production

Loads has three manufacturing plants located in Korangi and Port Bin Qasim in Karachi.[4]

Products

Subsidaries

Notes and References

  1. Web site: Loads Limited Annual Report 2023. 21 May 2024.
  2. Web site: Mobilising funds to keep the wheels turning. Dilawar. Hussain. September 12, 2016. DAWN.COM.
  3. Web site: Loads establishing alloy wheels manufacturing plant . The Express Tribune. 15 December 2017.
  4. Web site: Loads Limited. 11 July 2018. Business Recorder.
  5. Web site: Loads Limited IPO: Book-building process results in strike price of Rs34. September 7, 2016. The Express Tribune.
  6. Web site: Loads Ltd to manufacture alloy wheels. The Newspaper's Staff. Reporter. 15 December 2017.
  7. Web site: Loads Limited to become first manufacturer of alloy wheels in Pakistan. Mohammad. Farooq. December 14, 2017. Profit by Pakistan Today.
  8. Web site: Hi-Tech Alloy Wheels Ltd set to get listed on PSX. Mohammad. Farooq. July 10, 2018. Profit by Pakistan Today.