Adamjee Group
| Company type | Corporate group |
|---|---|
| Founded | 1896 |
| Founder | Haji Dawood |
| Headquarters | , Pakistan |
Key people | Adamjee Haji Dawood Abdul Wahid Adamjee |
| Website | adamjees |
Adamjee Group of Companies is a group of companies headquartered in Karachi, Pakistan. The group was previously headed by Sir Adamjee Haji Dawood.
As of 2007, it is unofficially estimated that the owners of Adamjee Group are among the top 40 wealthiest families in Pakistan.[1]
History
[edit]Adamjee Group was founded by Haji Dawood in 1896.[2] The family holding company was formally registered as Adamjee Sons, Ltd. in Pakistan.[3] In 1964, Time described Gul Mohamed Adamjee as the jute king of Pakistan.[3]
Adamjee Group has had to change fortunes over the past 50 years, initially originating as a jute and banking conglomerate, later spreading to other industries such as tea, textiles, matches, sugar, paper board, chemicals, engineering and insurance.[4]
Subsidiaries
[edit]Enterprises under the umbrella of the group are:
- Ad power[5]
- Panther Trading (Pvt.) Ltd[6]
- Commodities Trading (Pvt.) Ltd[7]
- Matual Trading Co. (Pvt) Ltd.[8]
- Adamjee Pharmaceuticals Ltd[9]
- Coastal Enterprises (Pvt.) Ltd[10]
- Adamjee Diesel Engineering (Pakistan) Ltd[11]
- Pacific Multi Products (Pvt) Ltd[12]
- Adamjee Engineering (Pvt) Ltd[13]
- Chempro Pakistan Ltd[14]
- Enesel Industries (Pvt) Ltd[15]
- Sahara Buying Services[16]
- Adamjee Automotive Ltd[17]
- Adamjee Polymers Company (Pvt) Ltd[18]
- Adamjee Durabuilt Ltd[19]
- Adamjee Corporation[20]
Former subsidiaries
[edit]East Pakistan
[edit]Former enterprises which were based in East Pakistan are:[21][22]
- Jute
- Adamjee Jute Mills
- Jute Fibers Ltd.
- R. Sim & Co. (operated jute presses)
- Sugar
- National Sugar Mills
- Textile
- Orient Textile Mills
- Meghna Textile Mills
- Khulna Textile Mills[23]
- Tea
- National Tea Company Limited (now owned by the Bangladeshi government)
- Aroma Tea
- Patrakola Tea Company
- Adamjee Tea Gardens[24]
- Cement
- Assam Bengal Cement Company
- Insurance
- Adamjee Insurance
- Other
- Dhaka Vegetable Oil Mills
- National Tubes (produced galvanized iron pipes and fittings)
- Dacca Tobacco Industries[22] (now owned by Akij Group)[25]
- Gammon East Pakistan Ltd. (a civil engineering and construction firm)
- Premier Laminations (a company that produced polyethylene bags)
- Star Particle Board Mills (now owned by Partex Group)[26]
- Adamjee Sons Ltd. (A holding company which owned the shares of the group's subsidiaries along with properties, tea gardens, and stock in other corporations on behalf of the Adamjee family. It was nationalized by the Government of Bangladesh in 1971 and continues to be run as a state-owned enterprise today.)[27]
West Pakistan
[edit]- Adamjee Insurance, sold to Nishat Group in 2004[28]
- Muslim Commercial Bank (nationalized in 1972 under Zulfikar Ali Bhutto and were compensated by the government)
- Orient Airways (became PIA in 1955)
- Adamjee Industries
- Adamjee Sugar Mills in Mianwali, sold to Fecto Group in 1975[29][30]
- Adamjee Paper and Board Mills in Nowshera[31]
- DDT Factory in Nowshera, factory closed in 1994
See also
[edit]References
[edit]- ^ Hussain, Dilawar (9 December 2007). "People who own greatest amount of wealth".
- ^ "Rober Barons".
- ^ a b "Pakistan: The Jute King". TIME. December 4, 1964.
- ^ "Great fortunes do not see third generation". 14 June 2004.
- ^ "Adamjee Group of Companies". www.adamjees.com. Retrieved 2018-06-03.
- ^ "Adamjee Group of Companies". www.adamjees.com. Retrieved 2018-06-03.
- ^ "Adamjee Group of Companies". www.adamjees.com. Retrieved 2018-06-03.
- ^ "Adamjee Group of Companies". www.adamjees.com. Retrieved 2018-06-03.
- ^ "Adamjee Group of Companies". www.adamjees.com. Retrieved 2018-06-03.
- ^ "Adamjee Group of Companies". www.adamjees.com. Retrieved 2018-06-03.
- ^ "Adamjee Group of Companies". www.adamjees.com. Retrieved 2018-06-03.
- ^ "Adamjee Group of Companies". www.adamjees.com. Retrieved 2018-06-03.
- ^ "Adamjee Engineering". www.adamjee-engg.com. Retrieved 2018-06-03.
- ^ "Adamjee Group of Companies". www.adamjees.com. Retrieved 2018-06-03.
- ^ "Adamjee Group of Companies". www.adamjees.com. Retrieved 2018-06-03.
- ^ "Adamjee Group of Companies". www.adamjees.com. Retrieved 2018-06-03.
- ^ "Adamjee Group of Companies". www.adamjees.com. Retrieved 2018-06-03.
- ^ "Adamjee Group of Companies". www.adamjees.com. Retrieved 2018-06-03.
- ^ "Adamjee Group of Companies". www.adamjees.com. Retrieved 2018-06-03.
- ^ "Adamjee Group of Companies". www.adamjees.com. Retrieved 2018-06-03.
- ^ "Local News on Bangladesh". www.sdnbd.org. Retrieved 2020-05-24.
- ^ a b "Adamjee Group of Companies". www.adamjees.com. Retrieved 2018-06-03.
- ^ "Local News on Bangladesh". www.sdnbd.org. Retrieved 2020-07-15.
- ^ "Abdul W. Adamjee, Pakistani Magnate, Millionaire, Is Dead". The New York Times. 1972-07-05. ISSN 0362-4331. Retrieved 2020-05-24.
- ^ "Dhaka Tobacco Industries - Tongi Tobacco Processing Plant". www.industryabout.com. Retrieved 2020-05-23.
- ^ "HOME | Partex Star Group Corporate". Retrieved 2020-05-23.
- ^ "Adamjee Group of Companies". adamjees.com. Retrieved 2020-06-28.
- ^ "Mansha group takes over AIC". DAWN.COM. 2004-05-30. Retrieved 2020-05-23.
- ^ "When fortune stops smiling on someone!". 31 January 2010.
- ^ "Underreporting mill deal AC held for causing loss to national exchequer". 21 April 2018.
- ^ "Six years on, Nowshera university functioning in mills' building". 20 May 2022.