Gul Ahmed Textile Mills Limited (Urdu: گُل احمد) is a Pakistani textile company which manufactures and sells clothing through a chain of retail outlets under the name 'Ideas by Gul Ahmed'.[3][4]
 | |
 A Gul Ahmed store in Dolmen Mall, Karachi | |
| Company type | Public |
|---|---|
| PSX: GATM | |
| Industry | Textile, Retail |
| Founded | April 1, 1953 |
| Founder | Haji Bashir Ali Mohammad[1] |
| Headquarters | Landhi, Karachi-75160, , |
Area served | Worldwide |
| Products | Fabrics, bedding, yarn, apparel, accessories |
| Revenue |  Rs. 86.42 billion (US$300 million) - 2021[2] |
| Rs. 8.45 billion (US$29 million) - 2021[2] | |
| Rs. 5.13 billion (US$18 million) - 2021[2] | |
| Total assets | Rs. 38.78 billion (US$130 million) - 2021[2] |
| Total equity | Rs. 18.68 billion (US$65 million) - 2021 |
Number of employees | 7,000 |
| Parent | Gul Ahmed Group |
| Website | gulahmed |
History
editThe group dates back to pre-Partition India. Founded by a Memon family, Gul Ahmed began trading in textiles in the early 20th century.[1]
In 1953, the group decided to enter the field of manufacturing under the name Gul Ahmed Textile Mills Limited, and was incorporated as a privately limited company.[1]
In 1970, it was listed on the Karachi Stock Exchange, and was one of the leading composite textile houses in Pakistan.[5]
In 2003, Gul Ahmed expanded to the retail sector and founded Ideas by Gul Ahmed retail chain.[6] It offers a range of home textiles and furnishings for the bedroom, kitchen and bathroom, as well as men's and women's apparel. It also provides in-house monogramming, embroidery and tailor-made services.
References
edit- ^ a b c "Local retail pivot helps Gul Ahmed surge". Profit by Pakistan Today. 14 November 2021.
- ^ a b c d "Gul Ahmed Annual Report 2021". gulahmed.com. 19 February 2016. Retrieved 25 March 2022.
- ^ "Gul Ahmed plans to carve out business segments". The News International. 4 October 2016. Retrieved 21 September 2020.
- ^ "Gul Ahmed's pivot towards retail hits a slowdown". Pakistan Today. 16 December 2019. Retrieved 21 September 2020.
- ^ "Gul Ahmed Textile Mills Limited – a profile". Business Recorder. Retrieved 21 September 2020.
- ^ Adil, Mamun M. (16 October 2019). "Fashioning Lifestyles". Aurora Magazine. Retrieved 21 September 2020.
External links
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