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Nishat Chunian Limited
Nishat Chunian Group has an enviable business history of over two decades. From a modest start in 1990 with a spinning mill of only 14,400 spindles, the group today has a vertically integrated textile company which prides itself of being the fourth largest textile company in Pakistan (in terms of turnover). In 2007, the group diversified into the power sector by setting up a 200 MW Independent Power Producer. Today, Nishat Chunian Group contains three companies – Nishat Chunian Limited (a textile company), Nishat Chunian USA Inc. (Incorporated in USA) and Nishat Chunian Power Limited (a power generation company). Nishat Chunian doubled its consolidated profits to Rs 2.99 billion in the first nine months of fiscal 2013 attributable to turnaround in core operations of the company led by stellar performance of spinning segment, where steady performance of value-added segment coupled with improved income from associates cemented its position in the textile sector.