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TRG Pakistan

From Wikipedia, the free encyclopedia
TRG Pakistan
Company typePublic
PSXTRG
KSE 100 component
IndustryVenture capital
Founded2003; 22 years ago (2003)
FounderZia Chishti
HeadquartersKarachi, Pakistan
Key people
Mohammed Khaishgi (chairman)
Hasnain Aslam (CEO)
DecreaseRs. −32.213 billion (US$−110 million) (2024)
Total assetsDecreaseRs. 40.582 billion (US$140 million) (2024)
Total equityDecreaseRs. 33.286 billion (US$120 million) (2024)
OwnerZia Chishti (16.12%)
Number of employees
6 (2024)
SubsidiariesTRG International Limited (45.3%)
Websitetrg.com.pk
Footnotes / references
Financials as of 30 June 2024[update][1]

The Resource Group Pakistan, commonly known asTRG Pakistan, is a Pakistaniventure capital firm specializing in investments inbusiness process outsourcing companies. It is based inKarachi.[2]

History

[edit]

Founded in 2003 byZia Chishti, TRG originated from back-office operations he had established forAlign Technology inLahore.[3][4] After his departure from Align, these operations became the foundation of TRG Pakistan'scall center business in Pakistan.[3] TRG obtained the certificate of commencement of business on February 27, 2003. The operations of the company effectively started on April 11, 2003.[4]

In July 2003, TRG was listed on theKarachi Stock Exchange following aninitial public offering at a strike price of PKR 10.[5] In November 2003, TRG acquired a 40 percent stake in Centratel LLC, a provider of call center andtelephone answering services inBend, Oregon.[6] Previously, it made an investment inLos Angeles–based Alert Communications.[6]

In May 2004, TRG acquired iSKY Inc., a company providingcustomer care and marketing services to companies inNorth America andEurope.[7] In June 2004, TRG acquired DCS Inc., a South Dakota–based call center service provider, through its subsidiary Alert Communications, Inc.[8] A year later, in 2005, TRG made aseed investment inAfiniti, a software company developingartificial intelligence for use in customer call centers.[3]

In October 2007, TRG sold its shareholding of Central Voice, LLC to Endicott Communications for $1.75 million.[9]

In 2020, TRG's subsidiary ibex was listed on theNasdaq.[10]

Subsidaries

[edit]

References

[edit]
  1. ^"TRG Pakistan Annual Report 2024"(PDF). Retrieved1 October 2024.
  2. ^Ali, Meiryum (February 20, 2021)."The TRG stock phenomenon, explained".Profit by Pakistan Today.Archived from the original on November 2, 2021. RetrievedNovember 2, 2021.
  3. ^abcdeTirmizi, Farooq (March 7, 2017)."After a stellar entrepreneurial run, TRG is Zia Chishti's swan song".Profit by Pakistan Today.Archived from the original on July 22, 2023. RetrievedApril 14, 2024.
  4. ^abJalees, Tariq."The Resource Group (TRG) Business Process Outsourcing Pakistan's Success Story".
  5. ^"Broadening the retail base in stock market".DAWN. 19 July 2004.
  6. ^ab"Acquisition".DAWN.COM. November 11, 2003.Archived from the original on September 17, 2024. RetrievedSeptember 17, 2024.
  7. ^"Resource Group acquires iSKY".DAWN.COM. May 28, 2004.Archived from the original on September 17, 2024. RetrievedSeptember 17, 2024.
  8. ^"TRG acquires US call centre firm".DAWN.COM. June 12, 2004.Archived from the original on September 17, 2024. RetrievedSeptember 17, 2024.
  9. ^"TRG sells subsidiary for $1.75m".DAWN.COM. October 23, 2007.Archived from the original on September 17, 2024. RetrievedSeptember 17, 2024.
  10. ^"Ibex Holdings seeks listing on Nasdaq | ePaper | DAWN.COM".epaper.dawn.com. 27 February 2018.Archived from the original on 22 July 2023. Retrieved14 April 2024.
  11. ^abc"TRG Pakistan case study".Archived from the original on 2024-05-18. Retrieved2024-05-18.

External links

[edit]
PakistanKSE 100 companies of Pakistan
As of October 2024
Retrieved from "https://en.wikipedia.org/w/index.php?title=TRG_Pakistan&oldid=1281535135"
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