International Industries Limited (IIL)

Brief history:

International Industries Limited (IIL) was established in 1948 as Sultan Chinoy & Company and later next year incorporated as International Industries Limited (IIL). Initially a trading company, IIL went through several stages of expansions where in 1965 it started manufacturing welded steel pipes and tubes. It went public in 1984. Today, IIL is a leading producer of steel and polyethylene pipes. Over the span of 40 years the company has grown from a small pipe manufacturer with equity of Rs 1.6 million to become Pakistan's largest pipe and tube manufacturer with consolidated equity of nearly Rs 9 billion.

The company caters to a wide variety of market segments including, oil & gas, residential/commercial construction, government sector, auto industry, building services, furniture and transformer sector. IIL also has an export footprint across 47 countries going from North and South Americas, Europe, Australia, Middle East, Africa and South Asia. The company's international sales till FY15 stood at over 700,000 tons.

Shareholding, subsidiary activities and investments

The company was set up by Amir S. Chinoy in 1948, and has remained in the family since. Majority of the company's shares are held by Directors and family (31.1% in FY16), while 7.2 percent of the shares are held by National Investment Trust and 5.1 percent by National Bank of Pakistan.

Over the years the company has made several large scale investments. In 1952, the company sponsored Pakistan Cables Limited (PCL) in a joint venture with BICC UK. PCL is a listed company and is in the business of manufacturing copper rods, wires and cables, in addition to being the country's first manufacturer of copper cables and wiring.