Dawood Group

The Dawood Group (داؤد گروپ) is a group of companies headquartered in Karachi. It is active in diverse businesses and industries of the Dawood family-business and is owned by Dawood family.

History
Dawood Group was founded by Ahmed Dawood.

Ahmed Dawood was one of the country’s senior industrialists who was by 1933 with his firm the biggest supplier of imported yarn to the textile mills in India. He left India after the partition and migrated with his three brothers Suleman Dawood, Siddique Dawood, and Sattar Dawood. The Dawood Corporation was the first entity set up in Karachi and Manchester, UK, to start business activities in 1948. It started initially from a small office and a shop in Karachi but their business grew over the coming decades.

While in 1970 all the undertakings together made it count as one of the largest business groups in the country, the following year marked an abrupt change: Following the creation of Bangladesh in 1971, almost 60% of the businesses led by Ahmed Dawood and all investments in East Pakistan were lost due to the nationalisation there. The remaining enterprises in Pakistan suffered further setbacks after the nationalisation in the early-mid-1970s.

West Pakistan (later Pakistan)

 * Burewala Textile Mills, acquired in 1957 from Pakistan Industrial Development Corporation and later merged into Dawood Lawrencepur Limited in 2004
 * Central Insurance Company, now known as Cyan Limited
 * Dawood Mines, it was involved in coal mining
 * Dawood Cotton Mills Limited, merged into Dawood Lawrencepur Limited in 2004
 * Dilon Limited, merged into Dawood Lawrencepur Limited
 * Lawrencepur Woolen & Textile Mills Limited, merged into Dawood Lawrencepur Limited
 * Memon Cooperative Bank, it was founded in 1958 by Dawood family as an intra-caste credit bank for Memon community. The bank was nationalised in 1974
 * Pakistan Bank Limited, nationalised in 1974, now part of Allied Bank Limited
 * Dawood Petroleum, nationalised in 1973, now part of Pakistan State Oil
 * Pakistan National Oil, nationalised in 1973, now part of Pakistan State Oil

East Pakistan (later Bangladesh)

 * Karnaphuli Paper Mills
 * Karnaphuli Rayon & Chemical
 * Dawood Jute Mills
 * Dawood Shipping Company