Overview of Nishat Mills Limited and Its Subsidiaries

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Nishat Mills Limited (NML) textile and energy conglomerates, listed on the PSX. The company operates across the textile value chain—from spinning to retail—and owns a 200 MW power plant. Through subsidiaries in Pakistan, the UAE, China, the USA, the UK, Denmark, and Sweden, NML has built a diversified global presence in textiles, power generation, commodities, and technical fabrics.

Subsidiaries

1. Nishat Power Limited

  • Listed power company (subsidiary of Nishat Mills).

  • Operates a 200 MW fuel-fired power plant in Jamber Kalan, Kasur.

  • Ownership: 51.01% Nishat Mills / 48.99% non-controlling interest.

  • Shifted to a Hybrid Take-and-Pay tariff in 2025 under power sector reforms.

2. Nishat Linen (Private) Limited

  • Operates retail outlets for textile and fashion products in Pakistan.

  • 100% owned subsidiary; registered in Lahore.

3. Nishat USA, Inc.

  • Based in New York, USA; provides marketing and e-commerce operations for Nishat in the U.S.

  • Wholly owned since 2008.

4. Nishat Linen Trading LLC (UAE)

  • Manages retail operations in the UAE (e.g., Dubai Festival City).

  • Fully controlled subsidiary of Nishat Mills Limited.

5. Nishat International FZE (UAE – Jebel Ali Free Zone)

  • Wholly owned; engaged in textile trading and export operations.

  • Acts as a regional hub for international subsidiaries.

6. China Guangzhou Nishat Global Co., Ltd.

  • Wholly owned by Nishat International FZE (thus by Nishat Mills).

  • Handles procurement and sourcing from China for Pakistan and UAE retail arms.

7. Nishat Commodities (Private) Limited

  • Engaged in trading of commodities (fuels, coal, building materials).

  • 100% owned; based in Lahore.

8. Nishat UK (Private) Limited

  • Established in 2024 in England and Wales.

  • Manages UK e-commerce, retail, and fulfillment operations.

  • Wholly owned by Nishat International FZE.

9. Wernerfelt A/S (Denmark)

  • Acquired in June 2024; 100% owned.

  • Established firm (90+ years old) specializing in technical and workwear fabrics.

10. Wernerfelt Sverige AB (Sweden)

  • Subsidiary of Wernerfelt A/S.

  • Focused on sales of textiles and related activities in Sweden.