Nishat Chunian
Pakistani textile company
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Nishat Chunian Limited (Urdu pronunciation: [nɪˈʃaːt tʃuːˈnɪ.jən] nih-SHAHT choo-NIH-yuhn) is a Pakistani vertically integrated textile company based in Lahore.[2] It is listed on the Pakistan Stock Exchange and is one of the largest textile company of Pakistan.[3]
| |
| Company type | Public |
|---|---|
| PSX: NCL KSE 100 component | |
| Industry | Textile |
| Founded | 1990 |
| Founder | Shahzad Saleem |
| Headquarters | Lahore, Pakistan |
Key people | Shahzad Saleem (Chairman) |
| Revenue |  Rs. 88.879 billion (US$320 million) (2024) |
| Rs. 8.997 billion (US$32 million) (2024) | |
| Rs. 691.671 million (US$2.5 million) (2024) | |
| Total assets |  Rs. 68.803 billion (US$250 million) (2024) |
| Total equity | Rs. 21.399 billion (US$77 million) (2024) |
| Owner | Shahzad Saleem (22.95%) Nishat Mills (13.61%) |
Number of employees | 7,331 (2024) |
| Subsidiaries |
|
| Website | nishat |
| Footnotes / references Financials as of 30 June 2024[update] [1] | |
Nishat Chunian also operates The Linen Company retail stores located in Lahore, Karachi, and Islamabad.[4]
History
Nishat Chunian was incorporated in 1990 as a spinning mill by Shahzad Saleem, a nephew of Mian Muhammad Mansha, as part of Nishat Group.[5][6] It began commercial operations in March 1991 with a manufacturing facility of 14,400 spindles supplied by Sulzer.[7][8] The company was also listed on the Karachi Stock Exchange in 1991.[8]
In 1998, Nishat Chunian established a weaving mill.[5] Two years later, another spinning mill was added.[5]
In 2013, Nishat Chunian acquired Taj Textiles for Rs. 350 million.[9]
In 2010, Nishat Chunian established Nishat Chunian Power, a 200MW independent power producer, which is also listed on the Pakistan Stock Exchange.[5][6]
In 2016, Nishat Chunian opened the first store of The Linen Company in Lahore.[6]
In July 2018, Nishat Chunian divested its shareholding in Nishat Chunian Entertainment.[10]