Loads Limited
 | |
| Company type | Public |
|---|---|
| PSX: LOADS | |
| Industry | Automobile |
| Founded | 1979[1] |
| 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] [2] | |
Loads Limited (Urdu: لوڈز لمیٹڈ) is a Pakistani auto-parts maker based in Karachi, Pakistan.[3][4]
History[edit]
Loads Limited was founded in 1979.[1] It manufactures exhaust systems, mufflers, radiators and sheet metal components.[1] The company has three manufacturing plants located in Korangi, and Port Bin Qasim in Karachi.[1]
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][1]
In December 2017, the company announced that it is setting-up an alloy wheel manufacturing plant in Port Bin Qasim, Karachi.[6] A used plant will be procured from Australia where auto manufacturers are closing plants due to liberal import policy.[6] The plant will have the capacity to produce 500,000 wheels per year.[6]
Products[edit]
Subsidaries[edit]
- Specialized Autoparts Industries Limited (100%)[1]
- Multiple Autoparts Industries Limited (92%)[1]
- Specialized Motorcycles Limited (91%)[1]
- Hi–Tech Alloy Wheels (80%)[1]
References[edit]
- ^ a b c d e f g h i "Loads Limited". 11 July 2018.
- ^ "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.
- ^ "Loads Limited IPO: Book-building process results in strike price of Rs34". The Express Tribune. September 7, 2016.
- ^ a b c Reporter, The Newspaper's Staff (15 December 2017). "Loads Ltd to manufacture alloy wheels".
| Domestic manufacturers | |
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| Foreign companies with operations | |
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| Components & parts | |
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