Millat Tractors information

Millat Tractors Limited
Native name	ملت ٹریکٹرز
Company type	Public
Traded as	PSX: MTL
Industry	Agricultural machinery
Founded	1964; 60 years ago
Founders	Rana Khudadad Khan ; Rana Allahdaad Khan
Headquarters	Lahore, Pakistan
Area served	Pakistan
Key people	Raheel Asghar (CEO); Sikandar Mustafa Khan (chairman);
Products	Tractors
Revenue	Rs. 47.139 billion (US$160 million) (2023)
Operating income	Rs. 7.486 billion (US$26 million) (2023)
Net income	Rs. 3.733 billion (US$13 million) (2023)
Total assets	Rs. 29.765 billion (US$100 million) (2023)
Total equity	Rs. 9.728 billion (US$34 million) (2023)
Number of employees	336 (2023)
Subsidiaries	TIPEG Intertrade DMCC (75%) ; Millat Industrial Products Limited (64.09%) ; Bolan Castings Limited (46.26%) ; Millat Equipment Limited (45%) ; Hyundai Nishat Motors (15.86%)
Website	millat.com.pk
	Footnotes / references; Financials As of 30 June 2023

Millat Tractors (Urdu: ملت ٹریکٹرز) is a Pakistani agricultural machinery manufacturer based in Lahore, Punjab, Pakistan.^[2]^[3] Founded in 1964, it is the manufacturer of Massey Ferguson tractors in Pakistan with a production capacity of 40,000.^[4]^[5]^[6]

It is one of the two major tractor manufacturers of Pakistan with a 70 percent market share, as compared to Al-Ghazi Tractors which had 29 percent market share in 2021.^[7]

^ "Millat Tractors Annual Report 2023" (PDF). millat.com.pk. Retrieved 30 November 2023.
^ Seyyed, Fazal Jawad; Shehzad, Ch. Tanveer; Ashfaq, Hafsa (6 March 2020). "Millat Tractors Limited: A Shariah-compliant Investment Opportunity". Asian Journal of Management Cases. 17 (1_suppl): S61–S77. doi:10.1177/0972820119884399 – via CrossRef.
^ "Company Profile of Millat Tractors". 18 July 2018.
^ "What's going on with Millat?". Profit by Pakistan Today. 28 November 2021.
^ Syed Wajeeh ul Hasan Naqvi (July–August 2018). "Driving Pakistan's agri future". Dawn. Retrieved 17 June 2021.
^ "Millat Tractors sets new production and sales record". The Express Tribune. 16 June 2018.
^ "Tractor collusion". Profit by Pakistan Today. 19 September 2021.

[AR2023-1] "Millat Tractors Annual Report 2023" (PDF). millat.com.pk. Retrieved 30 November 2023.

[2] Seyyed, Fazal Jawad; Shehzad, Ch. Tanveer; Ashfaq, Hafsa (6 March 2020). "Millat Tractors Limited: A Shariah-compliant Investment Opportunity". Asian Journal of Management Cases. 17 (1_suppl): S61–S77. doi:10.1177/0972820119884399 – via CrossRef.

[Forbes-3] "Company Profile of Millat Tractors". 18 July 2018.

[auto-4] "What's going on with Millat?". Profit by Pakistan Today. 28 November 2021.

[Dawn-5] Syed Wajeeh ul Hasan Naqvi (July–August 2018). "Driving Pakistan's agri future". Dawn. Retrieved 17 June 2021.

[6] "Millat Tractors sets new production and sales record". The Express Tribune. 16 June 2018.

[7] "Tractor collusion". Profit by Pakistan Today. 19 September 2021.

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