Archive:Nagina Group

2008-04-22T19:48:46Z

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{{Infobox_Company |
| company_name =Nagina Group
| company_logo =[[Image:Nagina group.JPG]]
| company_type =[[Public corporation]]
| foundation = [[1972]]
| location_city = Gilburg-III, Lahore
| location_country = Pakistan
| key_people = Shaikh Inam Ellahi, co-founder<br /> Shaukat Ellahi Shaikh, Shafqat Ellahi Shaikh, Shahzada Ellahi Shaikh, co-founder<br />
| industry = [[textiles, energy, trading,]]
| revenue = {{profit}} [[Pakistani rupee|Rs.]] 832 million,<br />$100 million [[United States dollar|USD]] ([[fiscal year|FY]] 2006)
| homepage = http://www.nagina.com/
}}

'''Nagina Group''' is a [[public corporation]] based in [[Pakistan]]i that manufactures a wide variety of [[textile]] products. Founded in [[1972]] by Inam Ellahi Shaikh and Ashan Ellahi Shaikh, it was listed by [[Forbes Magazine]] as the best-performing company with less than US$1 billion in revenue in [[2003]].

==History==
What is now known as The Nagina Group began as a single company, Nagina Mills Limited, established by Shaikh Inam Ellahi and Ashan Ellahi Shaikh in [[1967]]. Focusing on the production of [[cotton]] [[yarn]], it grew with the acquisition of [[Tanning|tanneries]], [[factory|factories]] that produced shoes and ice, and Pakistan's largest [[jute|jute mill]]. These assets were lost, however, when [[East Pakistan]] separated from the Pakistani Federation to become [[Bangladesh]] in [[1971]].

The company reformed in [[1971]] as the Nagina Group, consolidating its assets under a single [[umbrella organization]]. The group currently manages Nagina Cotton Mills Limited, Ellcot Spinning Mills Limited, and Prosperity Weaving Mills Limited. Together, the facilities hold approximately 100,000 modern [[spindle]]s, and produce forty-eight million pounds of carded and combed yarn annually.

Nagina Group also operates three private [[power plants]] to provide electricity for its mills. The installed capacity of its generators is 30.57 [[Megawatt]]s. Excess energy is sold to other industrial facilities in the area.

Nagina Group has an ambitious 5 year strategic objective. This objective includes expanding into logistics, consolidating position in energy production, and opening a 6 star beach resort in Karachi.

Nagina Cotton Mills Limited (Winner of Forbes Global Award "Best under a Billion-200") is the mother company of the Group, established in 1967. The company operates state of art spinning machinery comprising 47,040 Spindles with related process machines. Latest equipment from Japan, Europe and China allow production of high quality Spun Yarns in Carded and Combed versions for use in high speed looms and knitting machines. MUNDRI and ANGOTHI are popular brands of the company.

directors are pleased to report that prestigious International Business Magazine FORBES Global included the company in their list of "Best under a billion 200".

According to the magazine "Our list of 200 successful companies outside U.S. is drawn up from among 19,000 publicly traded concerns with annual below $ 1 billion. We screened out most corporation that didn't have operating margin of at least 5% over the past five aiming for the businesses that were profitable and that rewarded shareholders. A handful of companies that failed these tests were considered if they had outstanding results otherwise. The remaining 4000-odd concerns were graded against one another using various dollar based performance measures, and the top 500 reviewed for inclusion on this list".

Vision

Nagina Group’s vision is to provide an avenue for our partners and stakeholders to excel. We aspire to serve our country and to help build a bright future for millions of Pakistanis. Nagina Group strives genuinely to achieve the premier benchmarks of excellence and quality in the services we provide to our clients and to constantly improve our operations. Nagina Group provides our clients with a commitment to be the best.
==External links==

Nagina Group was founded on May 16th 1967 with the incorporation of Nagina Cotton Mills Limited. Since then Nagina Group has expanded its operations in textile manufacturing and has diversified into other sectors. Currently, Nagina Group’s textile manufacturing capacity is 100,956 spindles and 324 air jet looms.

A steady and well thought out growth strategy coupled with a solid commitment to quality has earned Nagina Group a family of satisfied customers, hardworking employees, appreciative shareholders and the confidence of the banking community. The core businesses of Nagina Group generate an annual turnover in excess of 100 Million US dollars. Due to decades of dealing with Pakistani, North American, European and Far Eastern customers Nagina Group has created a skilled and knowledgeable management fully capable of understanding and responding to customer needs in record time.

Nagina Group consists of three publicly listed companies on the Karachi Stock Exchange (Nagina Cotton Mills Limited, Ellcot Spinning Mills Limited, Prosperity Weaving Mills Limited), five private companies (Monell (Pvt.) Limited, Icaro (Pvt.) Limited, Haroon Omer (Pvt.) Limited, Ellahi International (Pvt.) Limited), ARH (Pvt.) Limited), and employs over 3,500 employees. Nagina Group was selected in 2003 by Forbes Magazine as one of the best 200 international companies with an annual turnover of under a billion US dollars.
{{Primarysources|date=February 2007}}
* http://www.nagina.com/

[[Category:Companies of Pakistan]]

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Archive:Nagina Group