Treet Corporation

Last updated

Treet Corporation
Company type Public
PSX:  TREET
Industry Personal care
Founded1952;72 years ago (1952)
Founder Syed Wajid Ali
Headquarters Lahore, Pakistan
Area served
Pakistan
Key people
Syed Sheharyar Ali (CEO)
Syed Shahid Ali (chairman)
RevenueIncrease2.svgRs. 23.352 billion (US$81 million) (2023)
Increase2.svgRs. 2.415 billion (US$8.4 million) (2023)
Increase2.svgRs. -0.697 million (US$−2,400) (2023)
Total equity Increase2.svgRs. 9.513 billion (US$33 million) (2023)
Owner Syed Shahid Ali (31.41%)
Syed Sheharyar Ali (10.58%)
Number of employees
2,697 (2023)
Subsidiaries
  • Treet Holdings Limited
  • First Treet Manufacturing Modaraba
  • Treet HR Management
  • Treet Power Limited
  • Renacon Pharma Limited
  • Treet Battery Limited
Website treetcorp.com
Footnotes /references
Financials as of 30 June 2023 [1]

Treet Corporation is a Pakistani conglomerate headquartered in Lahore. [2] It manufactures blades and razors, metal components, corrugated boxes for shipping and storage, batteries, and soaps. [3] [4]

Contents

It is listed on the Pakistan Stock Exchange. [5] [4] [6]

History

Treet Corporation was founded and owned by Syed Maratib Ali and family. It was founded by Syed Wajid Ali in a joint venture with the American Safety Razor Company in Karachi. Later, it relocated the razor blade plant to Hyderabad, Sindh.

Treet Battery

Treet Battery was founded in 2018 as a part of the First Treet Manufacturing Modaraba which was managed by Treet Holdings Limited. [7] It sells Daewoo-branded batteries. Later, in April 2023, the Modaraba demerged the battery segment, resulting in the separate listing of company as Treet Battery. [8]

Products

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References

  1. "Treet Corporation Annual Report 2023" . Retrieved 20 July 2024.
  2. Naeem, Zain (27 May 2024). "Can Treet Corporation overcome its beard problem?". Profit by Pakistan Today.
  3. "Is Treet Corporation Pakistan's next big conglomerate?". Profit by Pakistan Today. 19 February 2018.
  4. 1 2 3 4 Hussain, Dilawar (23 January 2017). "Venturing into alternative territories". Dawn. Retrieved 18 December 2018.
  5. "Treet holds corporate briefing programme". The Nation. 20 September 2017. Retrieved 18 December 2018.
  6. 1 2 "Treet invests Rs6 billion in battery manufacturing plant". The Express Tribune. 21 September 2017. Retrieved 18 December 2018.
  7. Naeem, Zain (9 December 2024). "In an industry riddled with challenges, Treet Battery has proven its mettle. Can they seal the deal?". Profit by Pakistan Today.
  8. Naeem, Zain (14 January 2024). "Trick or Treet: Decoding the meteoric rise in the stock price of the battery manufacturer". Profit by Pakistan Today. Retrieved 25 January 2024.