Background
Major Companies
Business Activities
Management
Joint Ventures & Licencing
Bankers
Others
Resume
Major Companies
Following is the list
of major companies which are part of the group:
- Gul Ahmed Textile Mills Limited
- Excel Textile Mills Limited
- Gul Ahmed Energy Limited
- Excel Insurance Company Limited
Business Activities
Textiles
In the textile field
activities start from spinning of cotton as well as other man made fibers and extend to
weaving, processing and finishing of all types of cotton and blended fabrics, bed linen,
home furnishings, garments manufacturing, etc.
Power
The group have been
pioneers in the field of power generation. Both the textile mills are on self generation
with an installed capacity of more than 20 MW. Gul Ahmed Energy is operating a power plant
of 136 MW capacity with a project cost of US$140 million at Korangi, Karachi. The sponsors
of this project include IFC and Tomen Corporation. The project is in commercial operation
since November, 1997.
Management
Management of the
group is professionally qualified and broadly experienced. The directors have held top
positions in various textile bodies, export committees and have also assisted the
Government of Pakistan in some of the major trade talks with EC and USA authorities.
Joint Ventures & Licencing
The group is further
diversifying itself by going into joint ventures with foreign based multinationals in
areas such as chemical industry, power generation and insurance.
Bankers
Main bankers of the
group are:
- ABN AMRO Bank
- American Express Bank Limited
- ANZ Grindlays Bank
- Bank Al Habib Limited
- Bank of America NT&SA
- Citibank
- Deutsche Bank AG
- Faysal Bank Limited
- Habib Bank AG Zurich
- Habib Bank Limited
- Societe General the FIB
- Standard Chartered Bank
Others
The group also has
exposure in the financial sector.
Excel Insurance Company Limited has received the license from the Controller of Insurance
and has commenced underwriting general insurance risks.
Our group Director Mr. Bashir H. Ali Mohammed is also a Director of Metropolitan Bank
Ltd., and one of the major shareholders.
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