Nishat Group

Nishat Group () is a Pakistani multinational conglomerate company which is based in Lahore, Pakistan. The company was founded by Pakistani business magnate Mian Muhammad Yahya in 1951. Mian Muhammad Mansha is the current chairman of the group. Many of the Nishat Group's subsidiaries are listed on the Pakistan Stock Exchange. The company was founded by Mian Muhammad Yahya, later the ownership went to Mian Muhammad Mansha, Chairman of Nishat Group. Nishat Mills Faisalabad was the first textile mill they started. It had a net income of 520 million dollars in 2022. Nishat Group is one of largest conglomerate companies in Pakistan. Some companies which group owns are: Following are the companies which are listed on the Pakistan Stock Exchange: Adamjee Insurance Limited DG Cement MCB Bank Nishat Chunian DG Khan Cement DG Khan is a major Pakistani cement manufacturer which the group acquired in 1992 under the privatization scheme. It has three active plants in the country. It generates around Rs. 2.2 billion per year. It has a production capacity of 24,000 tons per day. MCB Bank MCB Bank is one of the four largest banks in Pakistan. It is considered as one of the 'Big Five' banks of Pakistan. The bank was incorporated by Adamjee Group and it was nationalized by then Prime Minister Zulfikar Ali Bhutto. In the 1990s, it was privatized by then Prime Minister Nawaz Sharif's government and came under the Nishat Group. Nishat Chunian Nishat Chunian Group was incorporated in 1990 to diversify the business of Nishat Group. Today, Nishat Chunian Group consists of four companies – Nishat Chunian Limited (a textile company), Nishat Chunian Power Limited (a power generation company), Nishat Chunian USA Inc. (Incorporated in the USA), and Nishat Chunian Electric Corporation Ltd.(a captive power generation company). Lal Pir Power Hyundai Nishat Motors In February 2017, it was announced that both companies are venturing to assemble cars in Pakistan. In March 2017, it was announced that Nishat Group will setup their first plant in Faisalabad, Pakistan, which will assemble electric cars.