This article has multiple issues.Please helpimprove itor discuss these issues on thetalk page.(Learn how and when to remove these messages)
|
TheHouse of Habib(Urdu:ہاؤس آف حبیب) is agroup of companiesheadquartered inKarachi,Pakistan.The group was originally founded by Habib Esmail inBombay(British India) in 1841.[4][5]
 | |
 Headquarters of House of Habib in Karachi | |
| Company type | Corporate group |
|---|---|
| Founded | 1841 |
| Founder | Habib Esmail[1] |
| Headquarters | Karachi,Pakistan |
| Revenue |  US$1.8 billion[2] |
| Total assets | US$1 billion[2] |
Number of employees | 12,000[3] |
| Website | www |
History
editThe roots of House of Habib goes back to the 19th century when it commenced asKhojaMithabhai Nathoo in 1841 inBombay,operating as a family business.[1]In 1891, a family member named Habib Esmail played a pivotal role in the company's expansion.[1]Subsequently, the company evolved into a major trading firm. In 1921, his four sons joined the business, and Habib & Sons was established, which eventually transformed into today'sHBL PakistanorHabib Bank Limited.[1][6]
The House of Habib occupies a significant place in Pakistan's early history.Habib Bankwas relocated to Pakistan at the personal request of its firstGovernor GeneralMohammad Ali Jinnah.Mohammad Ali Habib extended assistance to the fledgling state "even before the Government of Pakistan was ready to issue appropriate government paper". He provided a Rs. 80 million loan when theReserve Bank of Indiafailed to release Pakistan's share of Rs. 900 million. It's reported that Mohammad Ali Habib presented a blank cheque fromLloyds BanktoGovernor GeneralJinnah,who then filled in Rs. 80 million.[7][8]
As early as 1912, the Habib family established offices inViennaandGeneva.In 1921, Habib and Sons was incorporated, specializing in brass, metal scraps, and gold, bearing the em Boss ed Lion of Ali andZulfiqar.This emblem remained the insignia of Habib Bank for a significant duration of its history.[9]The Rafiq Habib family oversees the House of Habib, distinct from the Dawood Habib family, which operates the Dawood Habib Group of Companies.
Family members
editSubsidiaries
editListed
edit- Agriauto Industries
- Agriauto Stamping Company
- HabibMetro
- Habib Insurance
- Habib Rice
- Habib Sugar Mills
- Shabbir Tiles
- Toyota Indus
- Thal Limited
- Habib Metro Pakistan
- ThalNova Power[12]
- Thal Boshoku Pakistan
- Thal Engineering[13]
Unlisted
editEducational institutes
editSee also
editReferences
edit- ^abcd"About us - House of Habib".hoh.net.
- ^ab"House of Habib".
- ^"Thal Limited - Overview".thallimited.Archived fromthe originalon 25 December 2017.Retrieved1 January2018.
- ^Company Overview of House of Habib (Private) Limited on Bloomberg websiteRetrieved 25 July 2019
- ^Economic Review, November 1984 (P 59) p 14
- ^Habib Bank Limited and Habib Metropolitan Bank Limited listed as members on Pakistan Banks' Association websiteArchived30 July 2020 at theWayback MachineRetrieved 25 July 2019
- ^A glance at the past (Habib Bank Limited history)Archived25 July 2019 at theWayback MachineDawn (newspaper), Published 23 March 2018, Retrieved 25 July 2019
- ^Habib Bank, Golden Jubilee Presentation on Dawn (newspaper)Published 23 March 2018, Retrieved 25 July 2019
- ^"AuVitronic Limited".Economic review.Retrieved15 October2010.
- ^"History".House of Habib.Retrieved22 January2021.
- ^"Ali Suleman Habib – a man who knew when to step back, and step up".Profit by Pakistan Today.3 May 2020.Retrieved22 January2021.
- ^"Energy".
- ^"Auto Parts".