history new

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 15,000 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.