Bibojee Group
| Company type | Corporate group |
|---|---|
| PSX: BNWM PSX: GAMON PSX: GAL PSX: GHNI PSX: GTYR PSX: JDMT PSX: UVIC | |
| Founded | 1963 |
| Founders | Gohar Ayub Khan Habibullah Khan Khattak |
| Headquarters | , Pakistan |
| Subsidiaries | Ghandhara Automobiles Limited Ghandhara Industries Limited Ghandhara Tyre |
| Website | bibojee |
Bibojee Group (Urdu pronunciation: [biː.boˈdʒiː] bee-bo-JEE) is a group of companies headquartered in Karachi. It is among the major enterprises in Pakistan, incorporating businesses in manufacturing – textiles, automotive vehicles, tyres, insurance, and construction industries.[1][2]
History
[edit | edit source]Bibojee Group was founded by retired military officer Lieutenant General Habibullah Khan Khattak during Ayub Khan administration. Ghandhara Industries Limited was acquired by Gohar Ayub Khan and his father-in-law, Habibullah Khan Khattak from General Motors. In August 1969, following the political overthrow of Gohar Ayub's father, Ayub Khan, he sold all his shares in the company to the National Investment Trust and the Investment Corporation of Pakistan.[3] The subsequent nationalization of Gandhara Industries in 1973 was viewed by some as a move against Gohar Ayub's interests, possibly serving as political retribution.[3] Additional acts of perceived political vengeance included the cancellation of the government's sale of Bannu Sugar Mills and Sutlej Textile Mills to Bibojee Group during the waning days of martial law.[3]
In 1970, Bibojee Group established Ghandhara Diesels Limited, focused on manufacturing and selling diesel engines under the Bedford brand for trucks and tractors.[4] The company was nationalized in 1972 and was later renamed as Bela Engineers Limited.[4] The following year, it was listed on the Karachi Stock Exchange.[4]
Subsidiaries
[edit | edit source]Current
[edit | edit source]- Bannu Woollen Mills Limited, established in 1953 by the Pakistan Industrial Development Corporation and divested in 1963 to Bibojee Group[5][6]
- Gammon Pakistan Limited[7]
- Ghandhara Automobiles Limited[8]
- Ghandhara Industries Limited
- Ghandhara Tyre[2]
- Janana De Malucho Textile Mills Limited[9]
- Rahman Cotton Mills[10]
- The Universal Insurance Company[11]
Former
[edit | edit source]Management
[edit | edit source]References
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- ^ a b General Tyre and Rubber (Pakistan) Business Recorder (newspaper), Published 13 June 2019, Retrieved 22 August 2021
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