Loads Limited
 | |
| Company type | Public |
|---|---|
| PSX: LOADS | |
| Industry | Automobile |
| Founded | 1979 |
| Founder | Syed Shahid Ali |
| Headquarters | Karachi, Pakistan |
Area served | Pakistan |
Key people | Munir K. Bana (CEO) Syed Shahid Ali (chairman) |
| Revenue |  Rs. 4.493 billion (US$16 million) (2023) |
| Rs. -867.658 million (US$−3.0 million) (2023) | |
| Rs. -1.798 billion (US$−6.2 million) (2023) | |
| Total assets | Rs. 6.844 billion (US$24 million) (2023) |
| Total equity | Rs. 2.165 billion (US$7.5 million) (2023) |
| Owner | Syed Shahid Ali (37.67%) Treet Corporation (12.49%) |
Number of employees | 382 (2023) |
| Parent | Ali Group |
| Subsidiaries | Specialized Motorcycles (100%) Multiple Autoparts Industries (92%) Specialized Autoparts Industries (91%) Hi–Tech Alloy Wheels (80%) |
| Website | loads-group |
| Footnotes / references Financials As of 30 June 2023[update] [1] | |
Loads Limited (Urdu: لوڈز لمیٹڈ) is a Pakistani auto-parts maker based in Karachi.[2][3] It manufactures exhaust systems, mufflers, radiators and sheet metal components.[4]
History[edit]
Loads Limited was founded in 1979.[4]
In 2016, Loads was listed on the Pakistan Stock Exchange, following an initial public offering (IPO) at a strike price of Rs 35 and raised Rs 1.7 billion.[5][4]
In 2018, Loads began manufacturing alloy wheels at its plant in Port Bin Qasim, Karachi.[6][7] The used plant was procured from Australia and has capacity to 500,000 wheels per year.[6][8]
Production[edit]
Loads has three manufacturing plants located in Korangi and Port Bin Qasim in Karachi.[4]
Products[edit]
Subsidaries[edit]
- Specialized Autoparts Industries Limited (100%)[4]
- Multiple Autoparts Industries Limited (92%)[4]
- Specialized Motorcycles Limited (91%)[4]
- Hi–Tech Alloy Wheels (80%)[4]
References[edit]
- ^ "Loads Limited Annual Report 2023". Retrieved 21 May 2024.
- ^ a b c d Hussain, Dilawar (September 12, 2016). "Mobilising funds to keep the wheels turning". DAWN.COM.
- ^ "Loads establishing alloy wheels manufacturing plant". The Express Tribune. 15 December 2017.
- ^ a b c d e f g h "Loads Limited". Business Recorder. 11 July 2018.
- ^ "Loads Limited IPO: Book-building process results in strike price of Rs34". The Express Tribune. September 7, 2016.
- ^ a b Reporter, The Newspaper's Staff (15 December 2017). "Loads Ltd to manufacture alloy wheels".
- ^ Farooq, Mohammad (December 14, 2017). "Loads Limited to become first manufacturer of alloy wheels in Pakistan". Profit by Pakistan Today.
- ^ Farooq, Mohammad (July 10, 2018). "Hi-Tech Alloy Wheels Ltd set to get listed on PSX". Profit by Pakistan Today.
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