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Interloop Limited

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Interloop Limited
Company typePublic
PSXILP
KSE 100 component
IndustryTextile
GenreBusiness-to-business
Founded1992; 32 years ago (1992)
FoundersMusadaq Zulqarnain
Navid Fazil
Tariq Rashid
Headquarters,
Area served
Worldwide
Key people
Musadaq Zulqarnain (chairman)
Navid Fazil (CEO)
ProductsYarns, hosiery, denim, and apparel
RevenueIncrease Rs. 119.200 billion (US$410 million) (2023)
Increase Rs. 27.111 billion (US$94 million) (2023)
Increase Rs. 20.171 billion (US$70 million) (2023)
Total assetsIncrease Rs. 125.244 billion (US$430 million) (2023)
Total equityIncrease Rs. 43.806 billion (US$150 million) (2023)
Number of employees
10,838 (2023)
Websiteinterloop-pk.com
Footnotes / references
Financials as of 30 June 2023 [1]

Interloop Limited (Urdu: انٹرلوُپ لمیٹڈ) is a Pakistani textile manufacturer based in Faisalabad, Pakistan.[2] It supplies socks and leggings to retailers consisting of Nike, Adidas, H&M, Puma, Levi's, Reebok and Target.[3][4]

The company has five hosiery manufacturing divisions, located in Pakistan, Bangladesh and Sri Lanka.[5]

History

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Interloop was established in 1992 as a B2B manufacturer of socks and leggings by brothers Musadaq Zulqarnain and Navid Fazil along with Tariq Rashid. After eight years, a second production unit was opened with 400 knitting machines installed.[2]

In 2003, Interloop opened its first vertically integrated hosiery plant in Faisalabad in an effort to make its supply chain management more efficient. In 2005, the company opened their second hosiery plant, and launched a yarn dying division a year later, also in Faisalabad.[2]

The company was converted into public limited company on July 18, 2008 from being private limited.

In March 2019, Interloop raised more than 5 billion pkr through Pakistan's largest private sector IPO, placing it amongst the top 50 companies listed on the Pakistan Stock Exchange by market capitalization.[3][6][7][8]

See also

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References

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  1. ^ "Interloop Limited Annual Report 2023". Retrieved 18 May 2024.
  2. ^ a b c "Interloop targeting Pakistan's largest-ever private sector IPO". Pakistan Today.
  3. ^ a b "Purpose At Work: How Interloop Activates Purpose To Drive B2B Growth". Forbes.
  4. ^ "Nike Sock Supplier Plans Biggest Pakistan Private Sector IPO". Bloomberg.
  5. ^ "Interloop Limited – A complete vertically integrated company". Business Recorder.
  6. ^ "Interloop: knocks the socks off!". Business Recorder.
  7. ^ "Interloop to raise Rs4.9b at PSX this week". Express Tribune.
  8. ^ "Interloop IPO raises Rs5.025bln". The News International.
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