Interloop Limited (Urdu: انٹرلوُپ لمیٹڈ) is a Pakistani textile manufacturer based in Faisalabad, Pakistan.[2] It supplies socks and leggings to retailers consisting of Nike, Adidas, H&M, Puma, Levi's, Reebok and Target.[3][4]
 | |
| Company type | Public |
|---|---|
| PSX: ILP KSE 100 component | |
| Industry | Textile |
| Genre | Business-to-business |
| Founded | 1992 |
| Founders | Musadaq Zulqarnain Navid Fazil Tariq Rashid |
| Headquarters | , |
Area served | Worldwide |
Key people | Musadaq Zulqarnain (chairman) Navid Fazil (CEO) |
| Products | Yarns, hosiery, denim, and apparel |
| Revenue |  Rs. 119.200 billion (US$410 million) (2023) |
| Rs. 27.111 billion (US$94 million) (2023) | |
| Rs. 20.171 billion (US$70 million) (2023) | |
| Total assets | Rs. 125.244 billion (US$430 million) (2023) |
| Total equity | Rs. 43.806 billion (US$150 million) (2023) |
Number of employees | 10,838 (2023) |
| Website | interloop-pk |
| Footnotes / references Financials as of 30 June 2023[update] [1] | |
The company has five hosiery manufacturing divisions, located in Pakistan, Bangladesh and Sri Lanka.[5]
History
editInterloop was established in 1992 as a B2B manufacturer of socks and leggings by brothers Musadaq Zulqarnain and Navid Fazil along with Tariq Rashid. After eight years, a second production unit was opened with 400 knitting machines installed.[2]
In 2003, Interloop opened its first vertically integrated hosiery plant in Faisalabad in an effort to make its supply chain management more efficient. In 2005, the company opened their second hosiery plant, and launched a yarn dying division a year later, also in Faisalabad.[2]
The company was converted into public limited company on July 18, 2008 from being private limited.
In March 2019, Interloop raised more than 5 billion pkr through Pakistan's largest private sector IPO, placing it amongst the top 50 companies listed on the Pakistan Stock Exchange by market capitalization.[3][6][7][8]
See also
editReferences
edit- ^ "Interloop Limited Annual Report 2023". Retrieved 18 May 2024.
- ^ a b c "Interloop targeting Pakistan's largest-ever private sector IPO". Pakistan Today.
- ^ a b "Purpose At Work: How Interloop Activates Purpose To Drive B2B Growth". Forbes.
- ^ "Nike Sock Supplier Plans Biggest Pakistan Private Sector IPO". Bloomberg.
- ^ "Interloop Limited – A complete vertically integrated company". Business Recorder.
- ^ "Interloop: knocks the socks off!". Business Recorder.
- ^ "Interloop to raise Rs4.9b at PSX this week". Express Tribune.
- ^ "Interloop IPO raises Rs5.025bln". The News International.