Gul Ahmed
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| Company type | Public |
|---|---|
| Industry | Textile, retail |
| Founded | April 1, 1953 |
| Founder | Haji Ali Mohammad |
| Headquarters | , |
Area served | Worldwide |
Key people | Bashir Ali Mohammad, Chairman & CEO |
| Products | Fabrics, bedding, yarn, apparel, accessories |
| Revenue |  US$33 million (2016)[1] |
Number of employees | 7000 |
| Parent | Gul Ahmed Group |
| Divisions | Ideas by Gul Ahmed |
| Website | Official website |
The Gul Ahmed Group (cloth company) is a Pakistani company that includes Gul Ahmed Textile Mills, Gul Ahmed Energy and Habib Metropolitan Bank. More recently, a chain of retail outlets has been operating under the name "Ideas by Gul Ahmed". The group's other concerns go by the name of Swisstex Chemicals (Private) Limited, which is a large chemical distribution company that has the sole rights for supplying Ciba Specialty Chemicals in Pakistan. The group has invested in outsourcing information technology with Arwen Technologies.[2]
The Gul Ahmed Group began trading in textiles in the early 20th century. In 1953, the group decided to enter the field of manufacturing under the name Gul Ahmed Textile Mills Limited, and was incorporated as a privately limited company. In 1970, it was listed on the Karachi Stock Exchange. Since then, the company has made rapid progress and, in 2017, had a market capitalisation of Rupees 12.7 billion ($0.12 billion U.S.) and was one of the leading composite textile houses in Pakistan.[1]
Gul Ahmed Textile Mills Limited
The mill is presently a composite unit with an installed capacity of 130,000 spindles,30,000 rotors, 400 wide width air jet looms, 90 Sulzers, 297 conventional looms, and a state-of-the-art processing and finishing unit. It is a fully vertically integrated textile unit, operating in all segments of the textile value chain.[1]
Ideas by Gul Ahmed is the retail venture of Gul Ahmed Textile Mills Limited. Considering the growing trend towards the retail industry in Pakistan, as well as the increase in cotton prices and the need to focus more on value-added products, the company decided to diversify into the country's retail sector in 2003. Ideas offers a range of home textiles and furnishings for the bedroom, kitchen and bathroom, as well as men's and women's apparel. It also provides in-house monogramming, embroidery and tailor-made services.
"The textile giant entered the retail industry with its flagship store 'Ideas by Gul Ahmed', and today has an extensive chain of more than 100 retail stores across the country. These stores offer a range of products - from home accessories to fashion clothing."[1]
Group companies
- Gul Ahmed International Limited
- GTM Europe Limited
- Gul Ahmed Textile Mills Limited[3]
- Gul Ahmed Energy
- Habib Metropolitan Bank
References
- ^ a b c d [1], Gul Ahmed Textile Mills Limited on Business Recorder newspaper, Published 30 March 2017, Retrieved 11 April 2017
- ^ "Company Overview of Gul Ahmed Textile Mills Limited on bloomberg.com website". Retrieved 10 April 2017.
- ^ "Company Overview of Gul Ahmed Textile Mills Limited on bloomberg.com website". Retrieved 10 April 2017.
External links
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