Husein Sugar Mills Limited (The Company) was incorporated on February 14, 1966 in Karachi and received its Certificate for Commencement of Business on April 16, 1966.The Company is listed on the Pakistan Stock Exchange and has received the award for Top 25 Companies of Pakistan twice in its fifty-year history. The Company commenced trial production on January 22, 1968 and went into commercial production on February 15, 1968, making it one of the pioneers of Pakistan’s sugar industries. Given the rich history of the company, which is now in its third generation, it enjoys cordial and familial relations with the sugarcane growers of the area.
Welcome To Husein Sugar
Husein Sugar, incorporated in 1966, in Karachi is one of Pakistan’s oldest and most renowned sugar factories. Having completed more than fifty years of business, the company is listed on the Pakistan Stock Exchange with security symbol, HSM. The company has had the honor of being award the Top 25 Companies of Pakistan award twice. Here, on the Web Site, you can see the latest news and updates with regard to the company.
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BOARD OF DIRECTORS
Mr. Muhammad Imran Khan joined the Board on 31 May 2018. He is currently serving as non- executive director on Husein Sugar’s Board of Directors, and as the Member of the Board’s Audit Committee. Mr. Khan’s contributions to the company are of the utmost importance .Mr. Khan serves as CEO/Founder of Sule International and brings in several years of experience in commodities trading domestic and internationally. . He was Co-Founder of Amber Road Trading Co New York with focus on trading between South East Asia, North America and England. Mr. Khan also serves on the board of Admaxim a global digital advertising technology company. Mr. Khan holds a bachelor’s degree from Government College (Lahore, Pakistan) and has completed a business management and marketing certification from the University of California Los Angeles. .
Mr. Muhammad Iftikhar is one of the most highly skilled and technically capable operators in Pakistan’s sugar industry. Mr. Iftikhar joined the board of Directors as a non-executive director in February 2016. He has been involved in the sugar industry for more than 25 years and specializes in the design and manufacturing of industrial equipment. Given his vast background in the technical and operational management of sugar mills and engineering companies, his insights have been invaluable to the board of Directors. Mr. Iftikhar was certified in compliance with the Code of Corporate Governance after he completed of his Director’s Training Program from the Institute of Chartered Accountants of Pakistan. A young and energetic individual, Mr. Iftikhar brings an enthusiastic and technical experience that is instrumental to the policy making of the Board of Directors.
Mr. Khan is a highly decorated executive of Pakistan’s pharmaceutical industry. Serving as the independent director on Husein Sugar’s Board of Directors, and as the Chairman of the Board’s Audit Committee, Mr. Khan’s contributions to the company are of the utmost importance. He pursued his higher education at the University of Exeter where he was rewarded with a Bachelors of Science Degree in Economics Mr. Khan is also a director of Highnoon Laboratories Ltd., one of Pakistan’s largest pharmaceutical manufacturers. He is also the Chief Executive Officer of Curexa Health Pvt. Ltd, a wholly owned subsidiary of Highnoon Labs. After completing the necessary requirements as per the Code of Corporate Governance, The Pakistan Institute of Corporate Governance has also certified Mr. Khan. Given his vast capabilities and wide-ranging exposure, Mr. Khan is an invaluable member of the Board of Directors.
Mrs. Maryam Habib was elected as a director on the board of Husein Sugar Mills in March of 2017. Mrs. Habib pursued her higher education at Kinnaird College Lahore. She is currently serving as the Executive Director of the company. In her short time at the company, she has been instrumental in initiating and implementing various programs of the company.
Mrs. Nusrat Shamim was the chief executive and chairperson of Husein Sugar Mills for more than a decade. In her time at Husein Sugar, she spearheaded the process of bringing the company’s core systems and procedures up to date with the latest practices of the 21st century. A true visionary, Mrs. Shamim led the company through a time of crisis and helped build the base on which the company continues to grow and develop in today. Mrs. Shamim has held directorships in various other companies.
She is also the chairperson of the HSM Education and Healthcare Trusts, which were formalized in 2003.Both the trusts have been providing quality education and healthcare facilities at subsidized rates to the underprivileged members of our community. Besides aforementioned trusts, Mrs. Nusrat Shamim is also operating a number of other welfare projects/non-profit non-governmental organizations to try and eliminate poverty in the country.
Due to her decades of business experience across various industries, Mrs. Shamim’s seasoned and wise insights and intuitions have proven essential to successful operations of the company.
Mian Mustafa Ali Tariq is the Chief Executive Officer of the company. He completed his higher education at the University of California, Los Angeles and was awarded with a Bachelor of Arts degree in Economics. He has also been certified by the Lahore University of Management Sciences for successfully completing their course on Enhancing Board Effectiveness. He is a member of the HR&R Committee of the Board.
He is also a trustee of his family’s non-profit social welfare organization. The family’s education trust, which operates Mian Mohammad Ali Tariq College and Mian Nazir Husein School, has provided financial aid and scholarships to thousands of children since its inception. The family’s healthcare trust operates a non-profit hospital that provides low-cost and free health care services.
Mian Ahmed Ali Tariq is the Chairman of the Board of Directors of the company. He completed his higher education at the Lahore University of Management Sciences and was awarded with a Bachelors of Science (Honors) degree. Mian Tariq is also a certified director from the Institute of Cost and Management Accountants of Pakistan (ICMAP). He has been associated with the company for more than a decade, and has served in an executive capacity since 2009. Mian Ahmed’s vision and leadership at Husein has played a critical role in the company’s growth, success, and development. An industry leader, Mian Ahmed also serves on the Executive Committee of The Pakistan Sugar Mills Association for Punjab.
Mian Tariq’s is a strong advocate of giving back to the community. Under his leadership, Husein Sugar Mills has expanded its commitment and contribution towards social welfare and development. His family trust has providing quality education and healthcare for generations at affordable prices through substantial scholarships and financial aid.