Shahid Assignment

8/3/2019 Shahid Assignment

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MY INTRODUTION

ASSINGNMENT: HRM

TOPIC: IBRAHIM FIBER organization

TO:Miss

FROM:

Shahid Latif

ROLL NO:

1457

CLASS : BS(IT)

SMESTER: 5th

DEPARTEMENT COMPUTER SCIENCE


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EXCUSE ME MISS!

Respected miss!

I visited the Ibrahim fiber Group to prepare this assignment using the

relations of my friend malik Rameez Actually, when you gave this

assignment then I dont know the importance of this assignment but as I

started to make this assignment and visited IFG, I got a lot of good and

bad experiences and I really got some practical experiences, in other

words I enjoyed at all.

I am very thankful to you to add new experiences in my life through this

job.

Your faithful,

SHAHID LATIF


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IBRAHIM Fiber An Introduction:

IBRAHIM GROUP AT A GALANCE


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BOARD OF DIRECTORS

Mohammad Naeem Mukhtar

Chairman

Mohammad Waseem Mukhtar

Chief Executive Officer

Sheikh Mukhtar Ahmed

Iqbal Begum

Ghazala Naeem

Bina Sheikh

Malik Khuram Mansoor

Shahid Amin


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History:The group started with a cloth trading business in the industrial city of Faisalabad.

Late Haji Sheikh Mohammad Ibrahim, founder of the Ibrahim Group, settled in

Faisalabad after partition of India in 1947 and re-established his ancestral business

of cloth trading by the name of Ibrahim Agencies. What is kno wn in business

today as Ibrahim Group with diversified business interests from Spinning to PSF,

Financial Institutions to Banking and Energy, started off as a mere cloth trading

agency just half a century ago.

It was middle of the fifties, when Sheikh Mukhtar Ahmed, present Chairman of the

group, joined in this family business. It was then, that he took initiative to integrate

the business vertically upwards adding up yarn trading as an additional line of

business. Turning out to be a milestone in the future progress, it did not take long

before the group was widely reputed and respected in marketing of cotton andblended yarns.

Backed by this goodwill and experience in marketing, in 1980, manufacturing of

own blended yarn was initiated by establishment of Ibrahim Textile Mills Limited.

With long term considerations and a simple principle of no compromise on

qualitytwo more textile spinning companies; A.A. Textiles Limited in 1982 and

Zainab Textile Mills Limited in 1987 were established. A power generation

Company Ibrahim Energy Limited was incorporated in 1991 to improve the

efficiency of the existing manufacturing companies. All these manufacturing

companies have now been merged into Ibrahim Fibres Limited.


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The Group diversified into the financial services by floating First Ibrahim

Modaraba and also established a leasing company; Ibrahim Leasing Limited.

Subsequently First Ibrahim Modaraba was merged into Ibrahim Leasing Limited.Upon declaration of the privatization policy by Government of Pakistan, Ibrahim

Group together with other leading groups participated in the bidding to acquire

controlling shares of Muslim Commercial Bank Limited.

Under the scheme of reconstruction proposed by State Bank of Pakistan,

Consortium of Ibrahim Leasing Limited, Ibrahim Group and its sponsors acquired

more than 75% of the shareholding of Allied Bank of Pakistan Limited.

Management and control of the Bank was handed over to Ibrahim Group on

August 19, 2004. At present Ibrahim Group is holding more than 80%

shareholding of this bank. One of the top five banks of Pakistan, Allied Bank has

more than 742 branches across the country with 7,139 employees and financial

assets of Pak Rupees 234 billion. The Group plans to inject its own dynamism and

energy in the bank to turn it into a premier financial institution of the country.After the acquisition of the bank Ibrahim Leasing Limited has been merged into

Allied Bank limited.

The strength of the group today stands manifold with entrepreneurial skills and

visionary leadership of Sheikh Mukhtar Ahmed added with fresh concepts and

professional skills of Mohammad Naeem Mukhtar who has done his MBA from

the University of Wales, Cardiff, UK. and Mohammad Waseem Mukhtar who has

done his Bachelor in Computer Science and Masters in Total Quality Management

(TQM) from the University of Glamorgan, Wales, UK.


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MISSION:

Mission Statement:

To build the company on the sound financial footing with better productivity,

excellence in quality and improved efficiency at lower operating costs by utilizing

blend of state of the art technologies.

To accomplish excellent results through increased earnings which can benefit all

the stakeholders.

To be a response IFLe employer and to take care of the employees in their career

planning and reward them according to their abilities and performance.

To fulfill general obligations towards the society, being a good corporate citizen.


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CHAIRMAN MESSAGE (MISSION)

By carrying out business activities with customer centric focus and by attaining

the confidence of our shareholders, customers and society, Ibrahim Fibres aims to

be a Company making a significant contribution to the national economy.

We will continue to strive for excellence in all spheres of our activities and to

manufacture high quality products through the use of advanced technology in ourbusiness operations, be an attractive organization to work with and a reliable

business partner.

Mohammad Naeem Mukhtar

Chairman

VISION:

VISION STATEMENT:

To be a Sustainable, growth oriented company and achieve scale to

remain competitive, in the barrier free global economy.

Strategies:


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Strategies are those methods which are applied to gain or achieve some

particular target goals and objectives.

IFG is making his consumers to use these strategies:

Advancement of Information TechnologyCommunity ConcernProfessionalismTechnical orientationProductionTextile BMR Plan

Swot analysis:

Strength Weakness Opportunities threats


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Documents

Shahid Assignment