Loads Limited
{{Infobox company
| name = Loads Limited
| trading_name =
| logo = Loads Limited logo (2024).png
| type = Public
| traded_as = {{Karachi Stock Exchange|LOADS}}
| founder = Syed Shahid Ali
| foundation = {{Start date and age|1979}}
| area_served = Pakistan
| key_people = Munir K. Bana (CEO)
Syed Shahid Ali (chairman)
| industry = Automobile
| products =
| location = Karachi, Pakistan
| revenue = {{decrease}} {{PKRConvert|4.493|b}}
| revenue_year = 2023
| operating_income = {{decrease}} {{PKRConvert|-867.658|m}}
| income_year = 2023
| net_income = {{decrease}} {{PKRConvert|-1.798|b}}
| net_income_year = 2023
| assets = {{decrease}} {{PKRConvert|6.844|b}}
| assets_year = 2023
| equity = {{decrease}} {{PKRConvert|2.165|b}}
| equity_year = 2023
| num_employees = 382
| num_employees_year = 2023
| subsid = Specialized Motorcycles (100%)
Multiple Autoparts Industries (92%)
Specialized Autoparts Industries (91%)
Hi–Tech Alloy Wheels (80%)
| owner = Syed Shahid Ali (37.67%)
Treet Corporation (12.49%)
| parent = Ali Group
| website = {{url|loads-group.pk}}
| footnotes = Financials {{as of|2023|6|30}} {{cite web|title=Loads Limited Annual Report 2023|url=https://financials.psx.com.pk/lib/DownloadPDF.php?id=216897 |access-date=21 May 2024}}
}}
Loads Limited is a Pakistani auto-parts maker based in Karachi.{{Cite web|url=http://www.dawn.com/news/1283487|title=Mobilising funds to keep the wheels turning|first=Dilawar|last=Hussain|date=September 12, 2016|website=DAWN.COM}}{{cite web|url=https://tribune.com.pk/story/1584327/2-loads-establishing-alloy-wheels-manufacturing-plant/|title=Loads establishing alloy wheels manufacturing plant |website=The Express Tribune|date=15 December 2017}} It manufactures exhaust systems, mufflers, radiators and sheet metal components.
History
Loads Limited was founded in 1979.{{cite web|url=https://fp.brecorder.com/2018/07/20180711389781/|title=Loads Limited|date=11 July 2018|publisher=Business Recorder}}
In 2016, Loads was listed on the Pakistan Stock Exchange, following an initial public offering (IPO) at a strike price of Rs 35 and raised Rs 1.7 billion.{{Cite web|url=https://tribune.com.pk/story/1178204/loads-limited-ipo-book-building-process-results-strike-price-rs34|title=Loads Limited IPO: Book-building process results in strike price of Rs34|date=September 7, 2016|website=The Express Tribune}}
In 2018, Loads began manufacturing alloy wheels at its plant in Port Bin Qasim, Karachi.{{cite web|url=https://www.dawn.com/news/1376647|title=Loads Ltd to manufacture alloy wheels|first=The Newspaper's Staff|last=Reporter|date=15 December 2017|publisher=}}{{Cite web|url=https://profit.pakistantoday.com.pk/2017/12/14/loads-limited-to-become-first-manufacturer-of-alloy-wheels-in-pakistan/|title=Loads Limited to become first manufacturer of alloy wheels in Pakistan|first=Mohammad|last=Farooq|date=December 14, 2017|website=Profit by Pakistan Today}} The used plant was procured from Australia and has capacity to 500,000 wheels per year.{{Cite web|url=https://profit.pakistantoday.com.pk/2018/07/10/hi-tech-alloy-wheels-set-to-get-listed-on-psx/|title=Hi-Tech Alloy Wheels Ltd set to get listed on PSX|first=Mohammad|last=Farooq|date=July 10, 2018|website=Profit by Pakistan Today}}
Production
Loads has three manufacturing plants located in Korangi and Port Bin Qasim in Karachi.
Products
Subsidiaries
References
{{reflist}}
{{Automotive industry in Pakistan}}
{{DEFAULTSORT:Loads Ltd}}
Category:Manufacturing companies based in Karachi
Category:Companies listed on the Pakistan Stock Exchange
Category:2016 initial public offerings
Category:Automotive companies established in 1979
{{Pakistan-company-stub}}