TRG Pakistan

Last updated
TRG Pakistan
Company type Public
PSX:  TRG
KSE 100 component
Industry Venture capital
Founded2002;22 years ago (2002)
Founder Zia Chishti
Headquarters Karachi, Pakistan
Key people
Mohammed Khaishgi (chairman)
Hasnain Aslam (CEO)
Decrease2.svgRs. -1.336 billion (US$−4.6 million) (2023)
Total assets Decrease2.svgRs. 78.13 billion (US$270 million) (2023)
Total equity Decrease2.svgRs. 65.5 billion (US$230 million) (2023)
Owner Zia Chishti (16.12%)
Jahangir Siddiqui & Co. (4.94%)
JS Bank (4.50%)
JS Infocom (1.90%)
Number of employees
5 (2023)
Subsidiaries Afiniti
Ibex Ltd
Website trg.com.pk
Footnotes /references
Financials As of 30 June 2023 [1]

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

Related Research Articles

Bank Alfalah Limited, formerly known as Habib Credit and Exchange Bank, is a Pakistani commercial bank headquartered in Karachi. It is a subsidiary of an Emirati conglomerate, Abu Dhabi United Group.

<span class="mw-page-title-main">Hub Power Company</span> Electric power company in Pakistan

The Hub Power Company Limited, colloquially known as Hubco, is a Pakistani power company based in Karachi, Sindh. It was the first independent power producer (IPP) to establish in Pakistan and as of 2024 is the largest IPP with a combined installed power generation capacity of 3,581 MW. The revenue of the company is United States Dollars denominated.

<span class="mw-page-title-main">Wateen</span> Telecommunication company

Wateen Telecom is a converged communication services provider based in Lahore, Pakistan, and was a sister concern of Warid Telecom. The company was incorporated in 2005 and began its operations in 2007 with the deployment of the largest fibre optic network in the country.

<span class="mw-page-title-main">PTCL</span> Pakistani telecommunication company

Pakistan Telecommunication Company Ltd., commonly known as PTCL is the national telecommunication company in Pakistan. PTCL provides telephone and internet services nationwide and is the backbone for the country's telecommunication infrastructure. The corporation manages and operates around 2000 telephone exchanges across the country, providing the largest fixed-line network. Data and backbone services such as GSM, HSPA+, CDMA, LTE, broadband internet, IPTV, and wholesale are an increasing part of its business.

<span class="mw-page-title-main">Meezan Bank</span> Pakistani Islamic bank based in Karachi

Meezan Bank Limited is a Pakistani Islamic bank which is based in Karachi, Sindh. It is the largest Islamic bank and the largest bank based on market capitalization in Pakistan.

<span class="mw-page-title-main">WorldCall</span>

WorldCall Telecom Limited is a Pakistani telecommunication and multimedia service provider based in Lahore, Pakistan. It is listed on the Pakistan Stock Exchange.

CareCloud, Inc. is a publicly traded American healthcare information technology company that provides services, to healthcare providers and hospitals. The Company maintains its headquarters in Somerset, New Jersey, and employs approximately 4,000 workers worldwide.

<span class="mw-page-title-main">Dawood Hercules Corporation</span> Publicly listed company in Pakistan

Dawood Hercules Corporation Limited is a Pakistani publicly listed investment and holding company headquartered in Karachi. It operates its subsidiary Engro Corporation.

The Lalpir Power Complex, is a power plant complex located in Mehmood Kot, District Muzaffargarh, Punjab, Pakistan. The plant sells electricity to the Central Power Purchasing Agency or else receives capacity payments based on the power purchase agreement which is set to expire in November 2027. After the expiration, the government can buy power on a take-and-pay basis. The fuel is supplied by Pakistan State Oil, which will continue to supply until November 2024. After that, Lal Pir has to arrange the fuel themselves.

<span class="mw-page-title-main">Aisha Steel</span> Pakistani steel company

Aisha Steel Mills Limited (ASML) is a Karachi-based steel manufacturing company with production capacity of 220,000 metric tons per year. It is owned by Arif Habib Group.

<span class="mw-page-title-main">Pakistan Stock Exchange</span> Pakistani stock exchange

The Pakistan Stock Exchange (PSX), founded as Karachi Stock Exchange (KSE), is a stock exchange in Pakistan with trading floor on I. I. Chundrigar Road in Karachi. PSX was classified by MSCI as a frontier market on 8 September 2021.

<span class="mw-page-title-main">Align Technology</span> American company that produces orthodontics devices

Align Technology, Inc. is an American manufacturer of 3D digital scanners and Invisalign clear aligners used in orthodontics. It was founded in 1997 and is headquartered in Tempe, Arizona. The company manufactures the aligners in Juarez, Mexico, and its scanners in Israel and China. The company is best known for its Invisalign system, which is a clear aligner treatment used to straighten teeth.

<span class="mw-page-title-main">International Steels Limited</span> Pakistani company which manufactures steel products

International Steels Limited is a Pakistani company which manufactures cold rolled, galvanized and color coated steel coils and sheets. It is based in Karachi, Pakistan.

<span class="mw-page-title-main">Loads Limited</span>

Loads Limited is a Pakistani auto-parts maker based in Karachi. It manufactures exhaust systems, mufflers, radiators and sheet metal components.

<span class="mw-page-title-main">Afiniti</span> American software and data company

Afiniti Ltd., also called Afiniti, is an American multinational data and software company. Founded in 2005, Afiniti is focused on developing artificial intelligence for use in customer call centers. Afiniti is a unicorn company with a valuation of $1.6 billion in 2017.

Wins Finance Holdings is a Chinese financial services company engaged in providing loan guarantees, equipment leases, and direct loans to small and medium sized businesses mainly in Jinzhong, Shanxi.

Muhammad Ziaullah Khan Chishti is a Pakistani-American investor and business executive. He is the founder of Afiniti and TRG Global.

<span class="mw-page-title-main">NetSol Technologies</span> American software company

NetSol Technologies Inc. is an American software company which makes automobile leasing software. It is based in Calabasas, California, United States.

<span class="mw-page-title-main">Hascol Petroleum</span>

Hascol Petroleum Limited is a Pakistani oil marketing company which is active in downstream sector. It is based in Karachi, Pakistan.

Engro Fertilizers is a Pakistani fertiliser manufacturing company headquartered in Karachi with its manufacturing facility located at Daharki, and a facility located at Port Qasim as well. It is a subsidiary of Engro Corporation. It has 35% market share of the Pakistani fertilizer market as of 2023.

References

  1. "TRG Pakistan Annual Report 2023" . Retrieved 18 May 2024.
  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. 19 July 2004.
  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.
  10. 1 2 3 "TRG Pakistan case study".