TRG Pakistan

Last updated
TRG Pakistan
Company type Public
PSX:  TRG
IndustryVenture Capital
Founded2002;22 years ago (2002)
Founder Zia Chishti
Headquarters Karachi, Pakistan
Key people
Mohammed Khaishgi (chairman)
Hasnain Aslam (CEO)
Total assets Increase2.svgRs. 78085 million (US$270 million) (December 2023) [1]
Website trg.com.pk

The Resource Group Pakistan, known as TRG Pakistan, is a Pakistani venture capital company which invests in business process outsourcing and technology companies and is based in Karachi, Pakistan. [2] [3] It was founded in 2002. [4]

Contents

History

TRG Pakistan was founded in 2003 by Zia Chishti. [5] TRG obtained the certificate of commencement of business on February 27, 2003. The operations of the company effectively started on April 11, 2003. [6]

In 2003, TRG was listed on the Karachi Stock Exchange following an initial public offering at a strike price of PKR 10. [7]

In 2020, TRG's subsidiary ibex was listed on the Nasdaq. [8] [9]

Subsidaries

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References

  1. "TRG.PK | TRG Pakistan Ltd. Annual Balance Sheet". WSJ. Retrieved 21 Dec 2023.
  2. "The TRG stock phenomenon, explained". Profit by Pakistan Today. February 20, 2021.
  3. MUSSELMAN, RON (4 May 2018). "Indiana Mall call center set to close, with 105 layoffs". The Indiana Gazette Online.
  4. Jones, Donovan (March 19, 2018). "IBEX Holdings Updates U.S. IPO Terms". Seeking Alpha.
  5. 1 2 3 Tirmizi, Farooq (March 7, 2017). "After a stellar entrepreneurial run, TRG is Zia Chishti's swan song". Profit by Pakistan Today.
  6. TRG, Pakistan. "TRG Pakistan". TRG Pakistan. Retrieved 2023-12-19.
  7. "Broadening the retail base in stock market". DAWN.
  8. "Ibex Holdings seeks listing on Nasdaq | ePaper | DAWN.COM". epaper.dawn.com. 27 February 2018.
  9. Team, SA News (August 7, 2020). "Ibex prices IPO at $19 (NASDAQ:IBEX) | Seeking Alpha". seekingalpha.com.