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Group History | Millat Group

Group History

  • The company was incorporated as Rana Tractors and Equipment Limited.
  • Initially Completely Built up Units were imported and sold in the Country. 
  • In 1965, facilities were created in Karachi to assemble tractors from Semi Knocked Down kits.
  • In 1967, operations were shifted from Karachi to Lahore.
  • In 1972, under the Economic Reforms Order, the Company was nationalized and re-named as Millat Tractors Limited.
  • In 1982, Engine Assembly Plant was inaugurated.
  • In 1984, Machining Division was inaugurated by the then President of Pakistan.
  • In 1991, the Government announced the policy of Privatization and Millat Group was formed to acquire 51% shares of the Company.
  • In 1992, the management control of the Company was handed over to the Millat Group by the Prime Minister.
  • In 1992, a new Tractor Assembly Plant, with a production capacity of 16,000 tractors on single shift basis, was commissioned
Millat Group…
  • In 1993, Millat Group acquired 51% shares in partnership with employees  of  Bolan Castings Limited, disinvested by the Government.
  • In 1994, Millat Equipment Limited was incorporated to undertake new projects like hi-tech automotive Gear manufacturing in Pakistan.
  • In 2002, a new Company Millat Industrial Products Limited, was formed to manufacture vehicular, industrial and domestic batteries, cells and components thereof.