Bibojee Group Explained

Bibojee Group
Type:Corporate group
Founders:Gohar Ayub Khan
Habibullah Khan Khattak
Hq Location City:Karachi
Hq Location Country:Pakistan
Subsid:Ghandhara Automobiles Limited
Ghandhara Industries Limited
Ghandhara Tyre

Bibojee Group, also known as Ghandhara Group, is a group of companies headquartered in Karachi. It is among the major enterprises in Pakistan, incorporating businesses in manufacturing  - textiles, automotive vehicles, tyres, insurance, and construction industries.[1]

History

Bibojee Group was founded by retired military officer Lieutenant General Habibullah Khan Khattak during Ayub Khan administration. Ghandhara Industries Limited was acquired by Gohar Ayub Khan and his father-in-law, Habibullah Khan Khattak from General Motors. In August 1969, following the political overthrow of Gohar Ayub's father, Ayub Khan, he sold all his shares in the company to the National Investment Trust and the Investment Corporation of Pakistan.[2] The subsequent nationalization of Gandhara Industries in 1973 was viewed by some as a move against Gohar Ayub's interests, possibly serving as political retribution.[2] Additional acts of perceived political vengeance included the cancellation of the government's sale of Bannu Sugar Mills and Sutlej Textile Mills to Bibojee Group during the waning days of martial law.[2]

In 1970, Bibojee Group established Ghandhara Diesels Limited, focused on manufacturing and selling diesel engines under the Bedford brand for trucks and tractors.[3] The company was nationalized in 1972 and was later renamed as Bela Engineers Limited.[3] The following year, it was listed on the Karachi Stock Exchange.[3]

Subsidiaries

Current

Former

Management

External links

Notes and References

  1. News: How a 'simple soldier' turned into a millionaire . The Christian Science Monitor (newspaper). Mary Anne Weaver . 6 December 1982. 22 August 2021.
  2. Web site: Economic Reforms under the Bhutto Regime . W. Eric . Gustafson . Brill.
  3. Web site: Assets of Bela Engineers up for sale. Dilawar. Hussain. 7 November 2001. DAWN.COM.
  4. Web site: BNWM - Stock quote for Bannu Woollen Mills Limited - Pakistan Stock Exchange (PSX). dps.psx.com.pk.
  5. Web site: Company Overview | ABOUT | Bannu Woollen Mill Ltd. www.bwm.com.pk.
  6. Web site: GAMON - Stock quote for Gammon Pakistan Limited - Pakistan Stock Exchange (PSX). dps.psx.com.pk.
  7. News: A promising business venture. 1 June 2015. Dawn (newspaper). Dilawar Hussain. 22 August 2021.
  8. https://fp.brecorder.com/2019/06/20190613485689/ General Tyre and Rubber (Pakistan)
  9. Web site: JDMT - Stock quote for Janana De Malucho Textile Mills Limited - Pakistan Stock Exchange (PSX). dps.psx.com.pk.
  10. Web site: Profile of Board of Directors | GOVERNANCE | Rahman Cotton Mills Ltd. www.rcm.com.pk.
  11. Web site: UVIC - Stock quote for The Universal Insurance Company Limited - Pakistan Stock Exchange (PSX). dps.psx.com.pk.
  12. Web site: Bibojee Group merges both of their textile spinning mills. Profit. Report. 23 August 2020. Profit by Pakistan Today.