Exide Pakistan in association with Chloride Group Plc of the UK was first incorporated in 1953 as a private limited company and went public in 1982. Chloride has associated across 35 countries in the world. Exide Pakistan is mainly in the business of manufacturing and sales of batteries, chemicals and acid with its manufacturing facilities for batteries located at SITE Karachi and Hub Balochistan while facilities for chemicals and acid located at SITE and Bin Qasim Karachi. In 2008, the company merged with Automotive Battery Company Limited.
Exide offers automotive, industrial and household solutions by providing a wide range of batteries-from cars, tractors, rickshaws, SUV's trucks, buses and marine transport to earth moving equipment and off-the-road vehicles. The company also manufactures special application industrial batteries for standby power, locomotive engine starting and train lighting systems. Meanwhile, the batteries also have household applications-by providing reliable backups in case of power cuts and voltage fluctuations.
Exide Pakistan serves its outlets in Pakistan through regional offices in Karachi, Sukkur, Multan, Faisalabad, Lahore, Rawalpindi, and Peshawar. These regional offices provide after sales service to customers and have a vast network of dealerships all over the country. The company's primary customers are major automotive companies and the sector drives the demand for Exide. The company's major competitors include Atlas Battery and Volta batteries.
Owners, holdings and investments
Keeping it in the family, majority shares are held by the directors and family of the company-with 20.5 percent held by Sana and Zaver Hashwani each; 16 percent held by Hussain Hashwani and 18.2 percent held by Altaf Hashwani both of whom are part of the board of directors. Meanwhile, State life insurance corps holds 5.5 percent of the company's shares while National Investment (Unit) Trust holds 6.6 percent of the company's shares.