The Saigol Group, also known as Kohinoor Group, is a Pakistani conglomerate company which is based in Lahore, Pakistan. The company was founded by Amin Saigol in the 1930s with a small shop that eventually developed into the Kohinoor Rubber Works.[1][2]
The Saigol family were originally farmers from a small town called Khotian, Chakwal District, Punjab, Pakistan. Khotian town was later named Saigolabad after this family. Sayeed Saigol moved to Calcutta in the 1930s and opened a shoe store. He opened a rubber shoe factory, and was a supplier of rubber shoes and raincoats to the Allied Forces during World War II.[1]
In 1972, Zulfikar Ali Bhutto regime started its nationalization drive and most businesses of the Saigol Group were nationalized over the next four years. By 1976, only the textile and sugar businesses remained.[1]
Then under General Zia-ul-Haq's regime beginning in 1977 reprivatization of industries started. In the early 1980s, the Saigol Group started rebuilding and reinvesting after their losses due to nationalization of industries in Pakistan during the 1970s.[1]
The group is now managed by three Saigol brothers: Tariq Sayeed Saigol, Nasim, and Taufeeq.[4] Their sister Naz Saigol is married to Mian Muhammad Mansha Yahya.
Tariq Saigol, the eldest brother, is head of Kohinoor-Maple group, which owns the Kohinoor textile mills and Maple-Leaf Cement.[5] He is known to be openly critical of the Pakistani government's lack of interest in the textile sector. Nasim Saigol heads PEL and Kohinoor industries.[6] Rafiq, the youngest brother, takes care of the group's other business interests.
^ abcdefJamal, Nasir (11 November 2013). "Rebuilding on ruins of nationalization (includes history of Saigol Group)". Dawn (newspaper). Retrieved 1 February 2019.
^TIMES, Special to THE NEW YORK (3 August 1948). "INDIAN DEAL CLOSED ON FABRIC MACHINES; $1,500,000 Contract Is Signed With H. & B. Co., With Delivery for First Quarter in 1949 FOR SHIPMENT TO PAKISTAN Equipment Is Bought by Saigol Brothers for Textile Factory to Be Built in Lahore" – via NYTimes.com.
^"Executive Profile". Bloomberg.com. Retrieved 14 February 2017.
^"Executive Profile". bloomberg.com. Retrieved 14 February 2017.
^"PEL - A Journey Of 6 Decades - Going Stronger Than Ever".
^"DAWN - Features; December 25, 2005". DAWN.COM. 25 December 2005.
^Sterba, James P. (25 June 1972). "Bhutto Picks Up The Pieces of Pakistan". The New York Times. ISSN 0362-4331. Retrieved 3 April 2023.
^Jordan, Miriam; Tribune, International Herald (30 December 1998). "International Fallout From Nuclear Tests Rocks Teetering Industry : In Pakistan, an Imploding Economy" – via NYTimes.com.
saigol, group, also, known, kohinoor, group, pakistani, conglomerate, company, which, based, lahore, pakistan, company, founded, amin, saigol, 1930s, with, small, shop, that, eventually, developed, into, kohinoor, rubber, works, contents, historical, backgroun. The Saigol Group also known as Kohinoor Group is a Pakistani conglomerate company which is based in Lahore Pakistan The company was founded by Amin Saigol in the 1930s with a small shop that eventually developed into the Kohinoor Rubber Works 1 2 Contents 1 Historical background 1 1 Nationalisation and back to privatisation 2 Companies 2 1 Formerly owned 3 Family members 4 References 5 External linksHistorical background editThe Saigol family were originally farmers from a small town called Khotian Chakwal District Punjab Pakistan Khotian town was later named Saigolabad after this family Sayeed Saigol moved to Calcutta in the 1930s and opened a shoe store He opened a rubber shoe factory and was a supplier of rubber shoes and raincoats to the Allied Forces during World War II 1 Saigol anticipating the division and independence of British India moved his assets to Lahore in the early 1940s After the independence of Pakistan in 1947 with the help of his younger brothers Yousuf and Bashir he set up their first textile spinning mill in Lyallpur now called Faisalabad in 1949 3 Later the family expanded its textile business to Rawalpindi and Gujjar Khan and bought a sugar mill in Jauharabad from the Pakistan Industrial Development Corporation In 1958 59 the Saigols founded the United Bank Limited 1 Nationalisation and back to privatisation edit In 1972 Zulfikar Ali Bhutto regime started its nationalization drive and most businesses of the Saigol Group were nationalized over the next four years By 1976 only the textile and sugar businesses remained 1 Then under General Zia ul Haq s regime beginning in 1977 reprivatization of industries started In the early 1980s the Saigol Group started rebuilding and reinvesting after their losses due to nationalization of industries in Pakistan during the 1970s 1 The group is now managed by three Saigol brothers Tariq Sayeed Saigol Nasim and Taufeeq 4 Their sister Naz Saigol is married to Mian Muhammad Mansha Yahya Tariq Saigol the eldest brother is head of Kohinoor Maple group which owns the Kohinoor textile mills and Maple Leaf Cement 5 He is known to be openly critical of the Pakistani government s lack of interest in the textile sector Nasim Saigol heads PEL and Kohinoor industries 6 Rafiq the youngest brother takes care of the group s other business interests Companies editThe group currently owns following companies 7 Kohinoor Textile Mills Faisalabad Kohinoor Engineering Limited Kala Shah Kaku Kohinoor Ghee Mills Limited Kala Shah Kaku Kohinoor Ginning Factory Multan Kohinoor Sugar Mills Jauharabad Kohinoor Textile Mills Gujjar Khan Saigol Computers Pak Elektron PEL Kohinoor Energy Azam Textile Mills Limited Lahore Saritow Textile Mills Limited Lahore Kohinoor Motor Works joint venture with Qingqi Rickshaws The Four Seasons Private Limited Maple Leaf Cement acquired in 1992 1 Kohinoor Oil Mills Limited Delisted Kohinoor Cotton Mills LiaqatabadFormerly owned edit United Chemicals Limited Kala Shah Kaku United Bank Limited Union Bank LimitedFamily members editAzam Saigol 1951 2018 Rafique Saigol 1933 2005 a member of the National Assembly 8 9 Farooque Saigol 1936 2016 Tariq Saigol 1948 10 Iqbal Saigol 1940 Naseem Saigol 1943 M Amin Saigol 1967 Asif Saigol 11 References edit a b c d e f Jamal Nasir 11 November 2013 Rebuilding on ruins of nationalization includes history of Saigol Group Dawn newspaper Retrieved 1 February 2019 The richy rich ones of poorly poor nation http dailymailnews com dmsp0204 dm001 html TIMES Special to THE NEW YORK 3 August 1948 INDIAN DEAL CLOSED ON FABRIC MACHINES 1 500 000 Contract Is Signed With H amp B Co With Delivery for First Quarter in 1949 FOR SHIPMENT TO PAKISTAN Equipment Is Bought by Saigol Brothers for Textile Factory to Be Built in Lahore via NYTimes com Group profile Archived from the original on 6 February 2010 Executive Profile Bloomberg com Retrieved 14 February 2017 Executive Profile bloomberg com Retrieved 14 February 2017 PEL A Journey Of 6 Decades Going Stronger Than Ever DAWN Features December 25 2005 DAWN COM 25 December 2005 Sterba James P 25 June 1972 Bhutto Picks Up The Pieces of Pakistan The New York Times ISSN 0362 4331 Retrieved 3 April 2023 Jordan Miriam Tribune International Herald 30 December 1998 International Fallout From Nuclear Tests Rocks Teetering Industry In Pakistan an Imploding Economy via NYTimes com Asif Saigol convicted DAWN COM 18 June 2002 External links editPak Electron Retrieved from https en wikipedia org w index php title Saigol Group amp oldid 1213491891, wikipedia, wiki, book, books, library,
