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Revision as of 08:59, 15 April 2024
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| Company type | Private |
|---|---|
| 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 |
The House of Habib (Template:Lang-ur) is a Pakistani conglomerate company based in Karachi, Pakistan. The group was originally founded by Habib Esmail in Bombay (British India) in 1841.
It holds a significant position as a prominent Shia Muslim business family in Pakistan.[4][5]
History
The roots of the company trace back to the 19th century when it commenced as Khoja Mithabhai Nathoo in 1841 in Bombay, 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's HBL Pakistan or Habib Bank Limited.[1][6]
The House of Habib occupies a significant place in Pakistan's early history. Habib Bank was relocated to Pakistan at the personal request of its first Governor General Mohammad 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 the Reserve Bank of India failed to release Pakistan's share of Rs. 900 million. It's reported that Mohammad Ali Habib presented a blank cheque from Lloyds Bank to Governor General Jinnah, who then filled in Rs. 80 million.[7][8]
As early as 1912, the Habib family established offices in Vienna and Geneva. In 1921, Habib and Sons was incorporated, specializing in brass, metal scraps, and gold, bearing the embossed Lion of Ali and Zulfiqar. 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.
Sons of Habib Esmail
- Ahmed Habib
- Dawood Habib[10]
- Mohamedali Habib
- Ghulamali Habib
Sons of Mahomedali Habib
- Rafiq Habib
- Suleman Habib
- Haider Habib
- H.M. Habib[11]
Companies
The conglomerate encompasses the following companies:
Listed
- Toyota Indus
- Agriauto Industries Limited
- AuVitronics Limited
- Thal Limited
- Shabbir Tiles & Ceramics Limited
- Habib Insurance Company Limited
- Habib Metropolitan Bank[6] a subsidiary of Habib Bank AG Zurich
Unlisted
- Thal Boshoku Pakistan (Private) Limited
- Thal Engineering[12]
- Habib Metro Pakistan (Private) Limited
- Agriauto Stamping Company (Private) Limited
- Thal Nova Power Thar (Private) Limited[13]
Educational institutes
See also
References
- ^ a b c d "About us - House of Habib". www.hoh.net.
- ^ a b "House of Habib".
- ^ "Thal Limited - Overview". www.thallimited.com. Archived from the original on 25 December 2017. Retrieved 1 January 2018.
- ^ Company Overview of House of Habib (Private) Limited on Bloomberg.com website Retrieved 25 July 2019
- ^ Economic Review, November 1984 (P 59) p 14
- ^ a b Habib Bank Limited and Habib Metropolitan Bank Limited listed as members on Pakistan Banks' Association website Retrieved 25 July 2019
- ^ A glance at the past (Habib Bank Limited history) Dawn (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
- ^ Business-Net (bnet). "AuVitronic Limited". Economic review. Retrieved 15 October 2010.
{{cite web}}:|author=has generic name (help) - ^ "History". House of Habib. Retrieved 22 January 2021.
- ^ "Ali Suleman Habib – a man who knew when to step back, and step up". Profit by Pakistan Today. 3 May 2020. Retrieved 22 January 2021.
- ^ "Auto Parts".
- ^ "Energy".