Bibojee Group, also known as Ghandhara Group, is a group of companies headquartered in Karachi. It is among the major enterprises in Pakistan, incorporating businesses in manufacturing – textiles, automotive vehicles, tyres, insurance, and construction industries.[1][2]
History
Bibojee Group was founded by retired military officer Lieutenant General Habibullah Khan Khattak during Ayub Khan administration. Ghandhara Industries Limited was acquired by Gohar Ayub Khan and his father-in-law, Habibullah Khan Khattak from General Motors. In August 1969, following the political overthrow of Gohar Ayub's father, Ayub Khan, he sold all his shares in the company to the National Investment Trust and the Investment Corporation of Pakistan.[3] The subsequent nationalization of Gandhara Industries in 1973 was viewed by some as a move against Gohar Ayub's interests, possibly serving as political retribution.[3] Additional acts of perceived political vengeance included the cancellation of the government's sale of Bannu Sugar Mills and Sutlej Textile Mills to Bibojee Group during the waning days of martial law.[3]
In 1970, Bibojee Group established Ghandhara Diesels Limited, focused on manufacturing and selling diesel engines under the Bedford brand for trucks and tractors.[4] The company was nationalized in 1972 and was later renamed as Bela Engineers Limited.[4] The following year, it was listed on the Karachi Stock Exchange.[4]
Subsidiaries
Current
- Bannu Woollen Mills Limited, established in 1953 by the Pakistan Industrial Development Corporation and divested in 1963 to Bibojee Group[5][6]
- Gammon Pakistan Limited[7]
- Ghandhara Automobiles Limited[8]
- Ghandhara Industries Limited
- Ghandhara Tyre[2]
- Janana De Malucho Textile Mills Limited[9]
- Rahman Cotton Mills[10]
- The Universal Insurance Company[11]
Former
Management
References
- ^ Mary Anne Weaver (6 December 1982). "How a 'simple soldier' turned into a millionaire". The Christian Science Monitor (newspaper). Retrieved 22 August 2021.
- ^ a b General Tyre and Rubber (Pakistan) Business Recorder (newspaper), Published 13 June 2019, Retrieved 22 August 2021
- ^ a b c Gustafson, W. Eric. "Economic Reforms under the Bhutto Regime". Brill.
- ^ a b c d Hussain, Dilawar (7 November 2001). "Assets of Bela Engineers up for sale". DAWN.COM.
- ^ "BNWM - Stock quote for Bannu Woollen Mills Limited - Pakistan Stock Exchange (PSX)". dps.psx.com.pk.
- ^ "Company Overview | ABOUT | Bannu Woollen Mill Ltd". www.bwm.com.pk.
- ^ "GAMON - Stock quote for Gammon Pakistan Limited - Pakistan Stock Exchange (PSX)". dps.psx.com.pk.
- ^ Dilawar Hussain (1 June 2015). "A promising business venture". Dawn (newspaper). Retrieved 22 August 2021.
- ^ "JDMT - Stock quote for Janana De Malucho Textile Mills Limited - Pakistan Stock Exchange (PSX)". dps.psx.com.pk.
- ^ "Profile of Board of Directors | GOVERNANCE | Rahman Cotton Mills Ltd". www.rcm.com.pk.
- ^ "UVIC - Stock quote for The Universal Insurance Company Limited - Pakistan Stock Exchange (PSX)". dps.psx.com.pk.
- ^ Report, Profit (23 August 2020). "Bibojee Group merges both of their textile spinning mills". Profit by Pakistan Today.
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