Service Industries Limited

Pakistani shoes and tire manufacturer From Wikipedia, the free encyclopedia

Service Industries Limited

Service Industries Limited, doing business as Servis, is a Pakistani shoes and tire manufacturer which is based in Lahore, Pakistan.[2][3]

Quick Facts Trade name, Company type ...
Service Industries Limited
Service Industries Limited
Company typePublic
PSX: SRVI
KSE 100 component
IndustryLeather
Founded1941; 84 years ago (1941)
FoundersChaudhry Nazar Mohammad
Chaudhry Muhammad Hussain
Chaudhry Mohammad Saeed
Headquarters
Gulberg, Lahore
,
Pakistan
Area served
Worldwide
Key people
Chaudhry Ahmed Javed (chairman)
Chaudhry Omar Saeed (CEO)
ProductsShoes, tyres, and tubes
Rs. 4.136 billion (US$14 million) (2024)
Total equity Rs. 14.764 billion (US$51 million) (2024)
OwnerHassan Javed (19.29%)
National Investment Trust (10.94%)
Omar Saeed (10.14%)
Arif Saeed (10.14%)
Number of employees
1,905 (2024)
SubsidiariesService Tyres
Service Retail
Service Industries Capital
SIL Gulf FZE
Dongguan Service Global
Service Global Footwear (79.43%)
Service Long March Tyres (32.09%)
Websiteservisgroup.com
Footnotes / references
Financials as of 31 December 2024[1]
Close

Service factories are located in the Pakistani cities of Gujrat, Muridke, Nooriabad, Raiwind, Negombo, Sri Lanka.[3] The company had humble beginnings in 1941. Servis Shoes is a shoe manufacturing company and Servis Tyres is a tire manufacturing company working under the Servis Industries Limited.[4]

History

Summarize
Perspective

Service Industries Limited (SIL) was founded in 1941 by a group of college friends, namely Chaudhry Nazar Mohammad, Chaudhry Muhammad Hussain, and Chaudhry Mohammad Saeed.[5] It initially produced handbags and sports goods.[6] During World War II, Service supplied boots to the British Indian Army.[6] In 1953, the company established Halal Tanneries, and in 1954, it opened a shoe manufacturing plant in Gulberg industrial area of Lahore.[6]

In 1959, Service relocated its operations to Gujrat, where it opened Pakistan's first organized shoe factory.[6]

From the 1960s to the 1980s, Service diversified its product portfolio to include textiles, motorcycle tires, and gas masks.[6] In 1965, the company formed a retail subsidiary called Service Sales Company (SSC), which opened stores near those of its competitor, Bata Pakistan.[6] By 2007, SSC had surpassed Bata in sales, and by 2010, SIL had become a major shoe exporter and had over 450 retail outlets in Pakistan.[6]

In 2011, Service's ownership was passed to the founders' descendants, with Omar Saeed, a third-generation family member, becoming the CEO.[6] Under Saeed's leadership, SIL introduced changes in its retail operations, such as adopting a new store format under the Shoe Planet brand, which contributed to business growth.[6] During this period, SSC also made changes in its managerial practices and product offerings.[6]

Subsidiaries

  • Service Retail[7]
  • Servis Tyres
  • Service Industries Capital
  • SIL Gulf FZE
  • Dongguan Service Global
  • Service Global Footwear (79.43%)
  • Service Long March Tyres (32.09%)

Footwear brands

  • Servis[7]
  • Cheetah, sport shoes
  • Don Carlos, men's formal footwear
  • Shoe Planet, high fashion brand shoes[7]
  • Liza, shoes for women
  • Lark and Finch shoes
  • Calza, shoes for men
  • T.Z, shoes for kids
  • Klara Shoes
  • Ndure

See also

References

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