Home » Pakistan » Business and Economy » Dewan Mushtaq Group Business and Economy in Pakistan Directory

Dewan Mushtaq Group in Pakistan Directory

 

Dewan Mushtaq Group has an annual turnover exceeding Pak Rupees 30 billion. The main fields of business include textiles, sugar, polyester and acrylic staple fibre, assembly-cum-progressive manufacture of automobiles and equity participation in a private bank. Other allied businesses include a polypropylene sacks making and particle board manufacturing plants as downstream industries of sugar industry and automotive parts manufacturing as backward integration of its automobile industry. All group companies are highly reputed for paying their shareholders handsome dividends regularly, and in fulfilling their financial obligations and commitments on time. The history of Dewan Mushtaq Group goes way back to the year 1916 to the State of Patiyala in the Punjab Province of India when a small cottage industry was set up by Dewan Mohammad and his son Dewan Mushtaq Ahmed to manufacture garments. During 1918, another establishment was started in Karachi to import clothing and other multifarious commodities which were then sold all over India. In 1947, the Dewan family migrated to Pakistan. They settled in Karachi, formed Dewan Mushtaq Sons, and started trading in commodities like tea, sugar, second-hand clothing, garments and fabrics. Due to hard work and honest dealings of the family, the business rose to new heights and by late fifties, the turnover of the firm was as significant as Rs. 60 million per annum. The Group presently employs over 12,000 persons at its various plants and offices.

 

Address: Dewan Centre 3-A, Lalazar, Beach Hotel Road, Karachi-74000, Pakistan
Telephone: (92-21) 111-313-786
Fax: (92-21) 561-1353
Website: http://www.dewangroup.com.pk/