| Nishat Group | |
| Type: | Corporate group |
| Founders: | Mian Muhammad Yahya Mian Hameed Mian Rafiq Mian Ayub |
| Location: | Lahore, Pakistan |
| Key People: | Mian Muhammad Mansha (chairman) |
| Num Employees: | 43,000 (2021) |
| Assets: | (2021) |
Nishat Group (Urdu: {{nq|نشاط گروپ) is a group of companies headquartered in Lahore, Pakistan.[1] [2] The company was founded by Pakistani business magnate Mian Muhammad Yahya in 1951. Mian Muhammad Mansha is the current chairman of the group.[3]
At least eleven of the Nishat Group's subsidiaries are listed on the Pakistan Stock Exchange.[4]
Nishat Group's origins goes back to a leather business in Calcutta, British India, established by Mian Muhammad Yahya.[5] Following the partition of India in 1947, Mian Muhammad Yahya and his three brothers, Mian Hameed, Mian Rafiq, and Mian Ayub, founded Nishat Mills in Pakistan in 1951.[5] The name "Nishat" was pre-assigned to the textile license they acquired and was not chosen by the founders.[5]
Mian Muhammad Mansha joined the family business in 1968 after the death of his father, Mian Muhammad Yahya.[5] 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.[5] 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.[5] Nishat Jute Mills was acquired by the group from the Pakistan Industrial Development Corporation in East Pakistan.[6]
In 1969, the assets of the group were divided among the family members.[5] 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.[5]
Nishat Group is one of largest conglomerate companies in Pakistan. Some companies which group owns are:
Following are the companies which are listed on the Pakistan Stock Exchange:
See main article: 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.[16]
See main article: 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.[17] 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.[4]
See main article: 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).[4]
See main article: Hyundai Nishat Motors. 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.[3] Nishat Group will have a 42% stake in the venture.[3]
Nishat Agriculture Farms Limited (NAFL), is a subsidiary of Nishat Group focused on agriculture and farming. It has made substantial investments in agriculture since its inception in 2013. The company currently manages five farms spanning 1,500 acres, including a state-of-the-art dairy farm producing packaged milk in collaboration with a Turkish partner.
In 2024, the company announced its plans to invest in corporate farming. [19]
Following are the companies which are not listed on the Pakistani Stock Exchange:[5]