Nishat Chunian
 | |
| 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 Financials as of 30 June 2024[update] [1] | |
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]
Nishat Chunian also operates The Linen Company retail stores located in Lahore, Karachi, and Islamabad.[4]
History
[edit]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]
Subsidiaries
[edit]Former subsidiaries
[edit]Factories
[edit]Nishat Chunian operates factories in the following cities:
References
[edit]- ↑ "Nishat Chunian Limited Annual Report 2024" (PDF). Retrieved 27 April 2025.
- 1 2 3 Hussain, Dilawar (23 October 2017). "Nishat Chunian expands into power and cinema".
- ↑ "One of Pakistan's largest textile companies, Nishat Chunian to partially suspend operations". DAWN.COM. December 28, 2022.
- 1 2 3 4 Research, B. R. (June 9, 2020). "Nishat Chunian Limited". Brecorder.
- 1 2 3 4 Hassan, Taimoor (July 1, 2019). "The pesky wrinkles in the fabric of Pakistan's textile industry". Profit by Pakistan Today.
- 1 2 3 Tirmizi, Farooq (November 4, 2019). "Buybacks have hit the Pakistani capital markets - A bit about Nishat Chunian". Profit by Pakistan Today.
- ↑ Jamal, Nasir (January 24, 2022). "Need for autonomy". Dawn.
- 1 2 "Corporate finance in Pakistan : case studies from an emerging market". [Karachi] : Oxford University Press; Lahore : Lahore University of Management Sciences. May 13, 1999 – via Internet Archive.
- ↑ "Year of the yarn: Nishat Chunian acquires Taj Textile for Rs350 million". The Express Tribune. July 25, 2013.
- 1 2 Farooq, Mohammad (July 26, 2018). "Nishat Chunian sells 100 percent stake in NCEL". Profit by Pakistan Today.
- ↑ "Nishat to set up subsidiary in US". DAWN.COM. January 9, 2013.
- ↑ "Nishat Chunian to invest $1m in US". The Express Tribune. January 8, 2013.