The Dewan Group, also known as the Dewan Mushtaq Group (DMG), is one of Pakistan's most prominent and diversified industrial conglomerates. Established approximately 80 years ago, the group has evolved into a professionally managed entity with a significant presence in various sectors.
Throughout the 1990s, DMG's flagship company, Dewan Salman Fibre, was recognized as the top-rated private company in Pakistan. The group's industrial diversity was unparalleled, encompassing nine listed companies across sectors such as textiles, synthetic fibers, sugar and allied products, oil and gas exploration, automotive assembly and parts manufacturing, cement, and general trading.
In the automotive sector, DMG was notable for distributing luxury brands like BMW and Rolls Royce in Pakistan. The group also ventured into retail with DMART shops and employed approximately 16,000 individuals at its peak.
Despite facing financial challenges in the late 2000s, including significant debt defaults, the Dewan Group has remained a key player in Pakistan's industrial landscape. Its commitment to economic growth and sectoral diversification continues to contribute significantly to the country's development.
Today, the Dewan Group comprises over 17 companies, employing more than 12,000 personnel, with an annual turnover of around Rs. 46 billion (USD 759 million) and fixed assets exceeding Rs. 27 billion (USD 447 million).
