 | |
| 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$310 million) (2024) |
| Rs. 8.997 billion (US$31 million) (2024) | |
| Rs. 691.671 million (US$2.4 million) (2024) | |
| Total assets |  Rs. 68.803 billion (US$240 million) (2024) |
| Total equity | Rs. 21.399 billion (US$74 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 Limited (Urdu pronunciation:[nɪˈʃaːttʃuːˈnɪ.jən]nih-SHAHT choo-NIH-yuhn) is a Pakistani vertically integratedtextile company based inLahore.[2] It is listed on thePakistan 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, andIslamabad.[4]
Nishat Chunian was incorporated in 1990 as a spinning mill by Shahzad Saleem, a nephew ofMian Muhammad Mansha, as part ofNishat Group.[5][6] It began commercial operations in March 1991 with a manufacturing facility of 14,400 spindles supplied bySulzer.[7][8] The company was also listed on theKarachi 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 forRs. 350 million.[9]
In 2010, Nishat Chunian established Nishat Chunian Power, a 200MWindependent power producer, which is also listed on thePakistan 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]
Nishat Chunian operates factories in the following cities:
