Hashoo Group

Hashoo Group is a Pakistani conglomerate company which is active in hospitality, oil and gas sectors. It was founded in 1960 by Saddaruddin Hashwani in Karachi.[1]

Hashoo Group
IndustryConglomerate
Founded1960 (1960)
FounderSadruddin Hashwani
Headquarters
Islamabad
,
Pakistan
Websitehashoogroup.com

History

Hashoo Group was established in 1960 as Hassan Ali & Company, a commodities trading company based in Karachi Port. By the 1970s, it had become one of Pakistan's largest trading companies. However, in 1972, Government of Pakistan nationalised cotton and rice exports leading the Hashoo Group to diversify into hospitality sector. In 1978, the group established Holiday Inn Hotel in Karachi, and then another one in Islamabad in 1981. Both of the hotels were converted into Marriott brand in the 1990s. In 1985, the group made a successful bid for the majority shares of Pakistan Services Limited, which then owned four Inter-Continental Hotels across Pakistan, the hotels were re-branded into Pearl-Continental Hotels.[2]

In 1995, Hashoo Group acquired the US-based corporation Occidental Petroleum's Pakistan operations (now known as Orient Petroleum Inc.). In 2001, it acquired the Destinations of the World franchise in Pakistan. In 2012, the group launched Hotel One, a mid range hotel chain in Pakistan.[3]

Companies

Tours and travels
The Pearl Continental Hotel in Karachi

[1]

  • Pearl Tour & Travels (Pvt) Limited (car rental division)
  • Pearl Tours & Travels (Pvt) Limited(Tours division)
  • Trans Air Travels (Pvt) Limited
  • Destinations of the World - Pakistan
  • Marriott Hotels, Pakistan[3]
  • Pearl-Continental Hotels & Resorts with locations in all major cities of Pakistan[3]

Information technology

[1]

  • Net-21 (Pvt) Limited

Oil and gas

[1]

  • Ocean Pakistan Limited.
  • Zaaver Petroleum Corporation Limited
  • OPI Gas (Pvt) Limited

Minerals

[1]

  • Zaver Chemicals (Pvt) Limited
  • Zaver Mining Company Limited
  • Zaver Oils Limited

Pharmaceuticals

[1]

  • Gelcaps (Pakistan) Ltd.

Ceramics

[1]

  • Pearl Ceramics (Previously known as Cera-e-Noor)

Investments

[1]

  • Pakistan Services Limited (PSL) operating Pearl Continental Hotel chain of 6 hotels in Pakistan - listed on the Karachi Stock Exchange[4]
  • Hashwani Sales & Services (Pvt) Limited
  • Hashoo

Trading companies
  • Hashoo International (Pvt) Limited
  • Hasan Ali & Company (Pvt) Limited
  • Genesis Trading (Pvt) Limited
  • Muzaffar and Companies

Welfare
  • Hashoo Foundation
  • Umeed-e-Noor
  • Scholarship
gollark: The infinite energy tetrahedra do *not* run out.
gollark: Being "tired" is a problem for biological lifeforms which run on "glucose" and such, though.
gollark: Oh, I see. My cognition is offloaded to apioforms with infinite energy tetrahedra. So it works.
gollark: I don't understand.
gollark: What?

References
  1. Company Overview of Hashoo Group of Companies on Bloomberg.com website Retrieved 9 November 2017
  2. "PROFILES OF CONTESTANTS OF DIRECTORS' ELECTION" (PDF). Retrieved 9 November 2017.
  3. "Hospitality & tourism: Hashoo Group seeks to expand budget hotel chain - The Express Tribune (newspaper)". 5 August 2012. Retrieved 8 November 2017.
  4. Armed with hope, Hashoo Group looks to expand The Express Tribune (newspaper), Published 3 August 2014, Retrieved 9 November 2017
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.