Adamjee Group of Companies is a

conglomerate company A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates ...

based primarily in

Karachi Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former cap ...

Pakistan Pakistan ( ur, ), officially the Islamic Republic of Pakistan ( ur, , label=none), is a country in South Asia. It is the world's List of countries and dependencies by population, fifth-most populous country, with a population of almost 24 ...

. The group was 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 of Pakistan.

History

The company was founded by Haji Dawood in 1896. The company has had changing fortunes over the past 50 years, initially originating as a

jute Jute is a long, soft, shiny bast fiber that can be spun into coarse, strong threads. It is produced from flowering plants in the genus ''Corchorus'', which is in the mallow family Malvaceae. The primary source of the fiber is ''Corchorus olit ...

and

banking A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

conglomerate, later spreading to other industries such as tea, textiles, matches, sugar, paper board, chemicals, engineering and insurance.

Subsidiaries

Enterprises under the umbrella of the group are: *Ad power *Panther Trading (Pvt.) Ltd *Commodities Trading (Pvt.) Ltd *Matual Trading Co. (Pvt) Ltd. *Adamjee Pharmaceuticals Ltd *Coastal Enterprises (Pvt.) Ltd *Adamjee Diesel Engineering (Pakistan) Ltd *Pacific Multi Products (Pvt) Ltd *Adamjee Engineering (Pvt) Ltd *Chempro Pakistan Ltd *Enesel Industries (Pvt) Ltd *Sahara Buying Services *Adamjee Automotive Ltd *Adamjee Polymers Company (Pvt) Ltd *Adamjee Durabuilt Ltd *Adamjee Corporation Former enterprises which were based in

East Pakistan East Pakistan was a Pakistani province established in 1955 by the One Unit Scheme, One Unit Policy, renaming the province as such from East Bengal, which, in modern times, is split between India and Bangladesh. Its land borders were with India ...

are: * Jute **

Adamjee Jute Mills Adamjee Jute Mill was a jute mill in Bangladesh. It was established in Narayanganj in 1950 by the Adamjee Group. It was the second jute mill in East Pakistan (present day Bangladesh) after Bawa Jute Mill which was first Jute Mill in East Pakista ...

** Jute Fibers Ltd. ** R. Sim & Co. (operated jute presses) * Sugar ** Adamjee Sugar Mills ** National Sugar Mills * Textile ** Orient Textile Mills ** Meghna Textile Mills ** Khulna Textile Mills **Adamjee Cotton Mills ** Bangladesh Textile Mills (now a state-owned enterprise run by the

Government of Bangladesh The Government of the People's Republic of Bangladesh ( bn, গণপ্রজাতন্ত্রী বাংলাদেশ সরকার — ) is the central executive government of Bangladesh. The government was constituted by the Con ...

) * Tea ** National Tea ** Aroma Tea ** Patrakola Tea Company ** Adamjee Tea Gardens * Cement ** Assam Bengal Cement Company * Steamship ** Bengal Assam Steamship Company ** Chittagong Steamship Company * Insurance ** Premier Insurance Company * Other ** Dhaka Vegetable Oil Mills ** National Tubes (produced galvanized iron pipes and fittings) ** Dacca Tobacco Industries (now owned by

Akij Group Akij Group is one of the largest Bangladeshi industrial conglomerates. The industries under this conglomerate include textiles, tobacco, food & beverage, cement, ceramics, printing and packaging, pharmaceuticals, consumer products etc. In 2009, ...

) ** 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 Partex Group is one of the largest family-run conglomerates in Bangladesh, consisting of over 70 factories. The industries under this conglomerate include foods and beverages, steel, real estate, furniture, agribusiness, plastics, etc. History ...

) ** 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

in 1971 and continues to be run as a state-owned enterprise today.) Other former enterprises: * Adamjee Insurance (acquired by

Nishat Group Nishat Group ( ur, ) is a Pakistani multinational conglomerate company which is based in Lahore, Pakistan. The company was founded by Pakistani business magnate Mian Muhammad Yahya in 1951. Mian Muhammad Mansha is the current chairman of the gr ...

in 2004) *

Muslim Commercial Bank MCB Bank Limited () is a Pakistani multinational commercial bank which is based in Lahore, Punjab, Pakistan. The majority of shares are owned by Pakistani conglomerate Nishat Group and Malaysian bank Maybank. The bank has a network of 1,600 br ...

(nationalized in 1972 under

Zulfikar Ali Bhutto Zulfikar (or Zulfiqar) Ali Bhutto ( ur, , sd, ذوالفقار علي ڀٽو; 5 January 1928 – 4 April 1979), also known as Quaid-e-Awam ("the People's Leader"), was a Pakistani barrister, politician and statesman who served as the fourth ...

, reprivatised to

) *

Orient Airways Orient Airways Ltd. ( ur, ) was an airline established in 1946 with its base in Calcutta, Bengal, British India. The airline shifted operations to the newly independent state of Pakistan in 1947, and was rechristened as Pakistan International A ...

(became PIA in 1955) * Adamjee Industries (a textile manufacturing company in

which now operates as al-Karam Textile Mills)

References

External links

Adamjee Group
{{DEFAULTSORT:Adamjee Group Conglomerate companies of Pakistan Conglomerate companies established in 1947 Companies based in Karachi Pakistani companies established in 1947