Gul Ahmed

Gul Ahmed
Company typePublic
PSX: GATM
IndustryTextile, Retail
FoundedApril 1, 1953
FounderHaji Bashir Ali Mohammad[1]
HeadquartersLandhi, Karachi-75160,
Karachi
,
Pakistan
Area served
Worldwide
ProductsFabrics, bedding, yarn, apparel, accessories
RevenueIncrease Rs. 86.42 billion (US$300 million) - 2021[2]
Increase Rs. 8.45 billion (US$29 million) - 2021[2]
Increase Rs. 5.13 billion (US$18 million) - 2021[2]
Total assetsIncrease Rs. 38.78 billion (US$130 million) - 2021[2]
Total equityIncrease Rs. 18.68 billion (US$65 million) - 2021
Number of employees
7,000
ParentGul Ahmed Group
Websitegulahmed.com

Gul Ahmed Textile Mills Limited (Urdu pronunciation: [ɡʊl ɑːˈɦ.məd] gull ah-MED) 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]

History

Gul Ahmed began trading in textiles in the early 20th century.[1] In 1953, Gul Ahmed Textile Mills Limited was incorporated as a privately limited company.[1]

In 1970, it was listed on the Karachi Stock Exchange.[5]

The Ideas retail outlet at the Atrium Mall on Zaibunnisa Street in Saddar, Karachi

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

  1. ^ a b c "Local retail pivot helps Gul Ahmed surge". Profit by Pakistan Today. 14 November 2021.
  2. ^ a b c d "Gul Ahmed Annual Report 2021". gulahmed.com. 19 February 2016. Retrieved 25 March 2022.
  3. ^ "Gul Ahmed plans to carve out business segments". The News International. 4 October 2016. Retrieved 21 September 2020.
  4. ^ "Gul Ahmed's pivot towards retail hits a slowdown". Pakistan Today. 16 December 2019. Retrieved 21 September 2020.
  5. ^ "Gul Ahmed Textile Mills Limited – a profile". Business Recorder. Retrieved 21 September 2020.
  6. ^ Adil, Mamun M. (16 October 2019). "Fashioning Lifestyles". Aurora Magazine. Retrieved 21 September 2020.