Nagina Group
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| Nagina Group | |
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| Type | Public corporation |
| Founded | 1972 |
| Headquarters | Gilburg-III, Lahore, Pakistan |
| Key people | Shaikh Inam Ellahi, co-founder Shaukat Ellahi Shaikh, Shafqat Ellahi Shaikh, Shahzada Ellahi Shaikh, co-founder |
| Industry | textiles, energy, trading, |
| Revenue | ▲ Rs. 832 million, $100 million USD (FY 2006) |
| Website | http://www.nagina.com/ |
Nagina Group is a public corporation based in Pakistani that manufactures a wide variety of textile products. Founded in 1972 by Inam Ellahi Shaikh and Ashan Ellahi Shaikh, it was listed by Forbes Magazine as the best-performing company with less than US$1 billion in revenue in 2003.
[edit] History
What is now known as The Nagina Group began as a single company, Nagina Mills Limited, established by Shaikh Inam Ellahi and Ashan Ellahi Shaikh in 1967. Focusing on the production of cotton yarn, it grew with the acquisition of tanneries, factories that produced shoes and ice, and Pakistan's largest jute mill. These assets were lost, however, when East Pakistan separated from the Pakistani Federation to become Bangladesh in 1971.
The company reformed in 1971 as the Nagina Group, consolidating its assets under a single umbrella organization. The group currently manages Nagina Cotton Mills Limited, Ellcot Spinning Mills Limited, and Prosperity Weaving Mills Limited. Together, the facilities hold approximately 100,000 modern spindles, and produce forty-eight million pounds of carded and combed yarn annually.
Nagina Group also operates three private power plants to provide electricity for its mills. The installed capacity of its generators is 30.57 Megawatts. Excess energy is sold to other industrial facilities in the area.
Nagina Group has an ambitious 5 year strategic objective. This objective includes expanding into logistics, consolidating position in energy production, and opening a 6 star beach resort in Karachi.
Nagina Cotton Mills Limited (Winner of Forbes Global Award "Best under a Billion-200") is the mother company of the Group, established in 1967. The company operates state of art spinning machinery comprising 47,040 Spindles with related process machines. Latest equipment from Japan, Europe and China allow production of high quality Spun Yarns in Carded and Combed versions for use in high speed looms and knitting machines. MUNDRI and ANGOTHI are popular brands of the company.
directors are pleased to report that prestigious International Business Magazine FORBES Global included the company in their list of "Best under a billion 200".
According to the magazine "Our list of 200 successful companies outside U.S. is drawn up from among 19,000 publicly traded concerns with annual below $ 1 billion. We screened out most corporation that didn't have operating margin of at least 5% over the past five aiming for the businesses that were profitable and that rewarded shareholders. A handful of companies that failed these tests were considered if they had outstanding results otherwise. The remaining 4000-odd concerns were graded against one another using various dollar based performance measures, and the top 500 reviewed for inclusion on this list".
[edit] External links
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