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Service Industries Limited

Pakistani shoes and tire manufacturer

Pakistani shoes and tire manufacturer

FieldValue
nameService Industries Limited
logoServis logo.png
imageServis Shoes, Lucky One Mall, Karachi.jpg
image_captionServis outlet at Lucky One Mall
trade_nameService Industries Limited
typePublic
traded_as
KSE 100 component
industryLeather
foundation
foundersChaudhry Nazar Mohammad
Chaudhry Muhammad Hussain
Chaudhry Mohammad Saeed
location_cityGulberg, Lahore
location_countryPakistan
area_servedWorldwide
key_peopleChaudhry Ahmed Javed (chairman)
Chaudhry Omar Saeed (CEO)
productsShoes, tyres, and tubes
net_income
net_income_year2024
equity
equity_year2024
num_employees1,905
num_employees_year2024
ownerHassan Javed (19.29%)
National Investment Trust (10.94%)
Omar Saeed (10.14%)
Arif Saeed (10.14%)
subsidService Tyres
Service Retail
Service Industries Capital
SIL Gulf FZE
Dongguan Service Global
Service Global Footwear (79.43%)
Service Long March Tyres (32.09%)
website
footnotesFinancials

KSE 100 component Chaudhry Muhammad Hussain Chaudhry Mohammad Saeed Chaudhry Omar Saeed (CEO) National Investment Trust (10.94%) Omar Saeed (10.14%) Arif Saeed (10.14%) Service Retail Service Industries Capital SIL Gulf FZE Dongguan Service Global Service Global Footwear (79.43%) Service Long March Tyres (32.09%)

Service Industries Limited, doing business as Servis, is a Pakistani shoes and tire manufacturer which is based in Lahore, Pakistan.

Service factories are located in the Pakistani cities of Gujrat, Muridke, Nooriabad, Raiwind, Negombo, Sri Lanka. The company had humble beginnings in 1941. Servis Shoes is a shoe manufacturing company and Servis Tyres is a tire manufacturing company working under the Servis Industries Limited.

History

Service Industries Limited (SIL) was founded in 1941 by a group of college friends, namely Chaudhry Nazar Mohammad, Chaudhry Muhammad Hussain, and Chaudhry Mohammad Saeed. It initially produced handbags and sports goods. During World War II, Service supplied boots to the British Indian Army. In 1953, the company established Halal Tanneries, and in 1954, it opened a shoe manufacturing plant in Gulberg industrial area of Lahore.

In 1959, Service relocated its operations to Gujrat, where it opened Pakistan's first organized shoe factory.

From the 1960s to the 1980s, Service diversified its product portfolio to include textiles, motorcycle tires, and gas masks. In 1965, the company formed a retail subsidiary called Service Sales Company (SSC), which opened stores near those of its competitor, Bata Pakistan. By 2007, SSC had surpassed Bata in sales, and by 2010, SIL had become a major shoe exporter and had over 450 retail outlets in Pakistan.

In 2011, Service's ownership was passed to the founders' descendants, with Omar Saeed, a third-generation family member, becoming the CEO. Under Saeed's leadership, SIL introduced changes in its retail operations, such as adopting a new store format under the Shoe Planet brand, which contributed to business growth. During this period, SSC also made changes in its managerial practices and product offerings.

Subsidiaries

  • Service Retail
  • Servis Tyres
  • Service Industries Capital
  • SIL Gulf FZE
  • Dongguan Service Global
  • Service Global Footwear (79.43%)
  • Service Long March Tyres (32.09%)

Footwear brands

  • Servis
  • Cheetah, sport shoes
  • Don Carlos, men's formal footwear
  • Shoe Planet, high fashion brand shoes
  • Liza, shoes for women
  • Lark and Finch shoes
  • Calza, shoes for men
  • T.Z, shoes for kids
  • Klara Shoes
  • Ndure

References

References

  1. "Service Industries Limited Annual Report 2024".
  2. Jamal, Nasir. (11 April 2016). "Responding to the call for diversification".
  3. (17 January 2021). "Servis: the iconic shoe company doubles down on its tyre manufacturing business".
  4. [https://fp.brecorder.com/2015/10/201510171237220/ Servis Group incorporating wholly-owned subsidiary company] Business Recorder (newspaper), Published 17 October 2015, Retrieved 8 May 2019
  5. Hussain, Dilawar. (7 April 2014). "Putting the best foot forward".
  6. Chatha, Kamran A.. (4 March 2019). "Service Tyre and Tube Division: Strategic Capabilities for Business Growth". Asian Journal of Management Cases.
  7. [https://www.brecorder.com/2017/03/31/340950/competition-in-shoe-market-is-heating-up-ssc/ Competition in shoe market is heating up], Business Recorder, Published 31 March 2017, Retrieved 8 May 2019
Info: Wikipedia Source

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