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Masood Textile Mills was founded in 1984. In 2014 it posted a pre-tax profit of Rs 1.1 billion, which was 13% higher than its pre-tax earnings in the preceding year. Shanghai Challenge Textile Company acquired 24.3% shares in Masood Textile Mills in a privately negotiated deal. [2] [3] It later acquired 52% stake of the company. [4]
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Ruyi Masood Textile Park is an integrated industrial-textile park located in M-3 Industrial Estate in Faisalabad, Punjab province of Pakistan. [ 1 ] [ 2 ] References
These 119 mills were controlled by NTC(HC) Ltd with the help of 9 subsidiary Corporations, with an authorised capital of ₹ 100 million (US$1.2 million) which was raised from time to time and which is now ₹ 50 billion (US$580 million) [3] and the paid up share capital of the corporation is ₹ 30,621.6 million (US$350 million) as on 31 March ...
The textile and apparel industry is the major industry in Faisalabad. It is also responsible for almost 60-80% of the export revenue [ citation needed ] of Pakistan. The Faisalabad Chamber of Commerce and Industry (FCCI) and Pakistan Hosiery Manufacturers Association (PHMA) are the regulatory bodies for all textile and apparel manufacturers in ...
Nishat Group's origins goes back to a leather business in Calcutta, British India, established by Mian Muhammad Yahya. [6] 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. [6]
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Textile division of the company has a distribution network of more than 4,000 multi-brand outlets and over 637 exclusive retail shops [5] in the domestic market itself. [6] Suitings are available in India in over 400 towns through 30,000 retailers and an exclusive chain is present in over 150 cities across India.