| Nishat Mills | |
| Type: | Public |
| Traded As: | KSE 100 component KMI 30 component |
| Founders: | Mian Muhammad Yahya Mian Hameed Mian Rafiq Mian Ayub |
| Area Served: | Worldwide |
| Key People: | Mian Umer Mansha (CEO) Mian Hassan Mansha (chairperson) |
| Industry: | Textile |
| Revenue Year: | 2024 |
| Income Year: | 2024 |
| Net Income Year: | 2024 |
| Assets Year: | 2024 |
| Equity Year: | 2024 |
| Parent: | Nishat Group |
| Subsid: | Nishat Linen Nishat Power |
| Location City: | Lahore |
| Location Country: | Pakistan |
| Num Employees: | 27,776 |
| Num Employees Year: | 2024 |
| Footnotes: | Financials [1] |
Nishat Mills Limited (NML) is a Pakistani textile company based in Lahore.[2] It produces yarn, linen, and other products made from raw cotton and synthetic fibers.[3] It is one of the largest textile companies of Pakistan.[4] [5]
Nishat Mills Limited was founded in 1951 by Mian Muhammad Yahya, Mian Hameed, Mian Rafiq, and Mian Ayub.[6] The name "Nishat" was pre-assigned to the textile license they acquired and was not chosen by the founders.[6]
In 1995, Raza Textiles merged with its sister company, Umer Fabrics, which was later merged into Nishat Mills in 2004.[7] Two years later, in 1997, Nishat Fabrics and Nishat Tek were amalgamated into Nishat Mills.[8]
In May 2009, Nishat Apparel Limited was merged to Nishat Mills.[9]
In January 2023, Nishat acquired Wernerfelt A/S, a company based in Denmark, from Lars Lauridsen Holding ApS.[10] In September 2024, Nishat sold its shareholding in Nishat Hospitality, established subsidiaries in the United Kingdom and Turkey, and opened a liaison office in Bangladesh.[11] [12]
Nishat Linen was founded in 1989 by Naz Mansha, the wife of Pakistani businessman, Mian Muhammad Mansha.[13] [14] [15] Naaz Mansha is also known for running Inglot Cosmetics and Swarovski retail chains in Pakistan.[16]
In 1989, a factory owned by Nishat became operational.[16] In 1994, the first retail store of Nishat was opened.[16]