Treet Corporation
{{Short description|Pakistani manufacturer of razors and razor blades}}
{{Use Pakistani English|date=December 2018}}
{{Use dmy dates|date=December 2018}}
{{Infobox company
| name = Treet Corporation
| logo = Treet Corp logo (2024).png
| type = Public
| traded_as = {{karse|TREET}}
| founder = Syed Wajid Ali
| area_served = Pakistan
| key_people = Syed Sheharyar Ali (CEO)
Syed Shahid Ali (chairman)
| industry = Personal care
| products =
| foundation = {{start date and age|1952}}
| location = Lahore, Pakistan
| net_income = {{Decrease}} {{PKRConvert|−131.279|m}}
| net_income_year = 2024
| equity = {{Increase}} {{PKRConvert|14.242|b}}
| equity_year = 2024
| owner = Syed Shahid Ali (31.41%)
Syed Sheharyar Ali (10.58%)
| parent =
| subsid = {{ubl|Treet Holdings Limited|First Treet Manufacturing Modaraba|Treet HR Management|Treet Power Limited|Renacon Pharma Limited|Treet Battery Limited}}
| num_employees = 2,089
| num_employees_year = 2024
| website = {{url|treetcorp.com}}
| footnotes = Financials {{as of|2024|6|30|lc=y}}{{cite web|title=Treet Corporation Annual Report 2024|url=https://dps.psx.com.pk/download/attachment/238723-1.pdf |access-date=27 April 2025}}
}}
Treet Corporation is a Pakistani conglomerate headquartered in Lahore.{{Cite web|url=https://profit.pakistantoday.com.pk/2024/05/27/can-treet-corporation-overcome-its-beard-problem/|title=Can Treet Corporation overcome its beard problem?|first=Zain|last=Naeem|date=27 May 2024|website=Profit by Pakistan Today}} It manufactures blades and razors, metal components, corrugated boxes for shipping and storage, batteries, and soaps.{{Cite web |url=https://profit.pakistantoday.com.pk/2018/02/19/is-treet-corporation-pakistans-next-big-conglomerate/ |title=Is Treet Corporation Pakistan's next big conglomerate? |date=19 February 2018 |website=Profit by Pakistan Today}}{{cite web|url=https://www.dawn.com/news/1310071|title=Venturing into alternative territories|first=Dilawar|last=Hussain|date=23 January 2017|publisher=Dawn|accessdate=18 December 2018}}
It is listed on the Pakistan Stock Exchange.{{cite web|url=https://nation.com.pk/20-Sep-2017/treet-holds-corporate-briefing-programme|title=Treet holds corporate briefing programme|publisher=The Nation|date=20 September 2017|accessdate=18 December 2018}}
History
Treet Corporation was founded and owned by Syed Maratib Ali and family. It was founded by Syed Wajid Ali in a joint venture with the American Safety Razor Company in Karachi. Later, it relocated the razor blade plant to Hyderabad, Sindh.
Treet Battery
Treet Battery was founded in 2018 as a part of the First Treet Manufacturing Modaraba which was managed by Treet Holdings Limited.{{Cite web|url=https://profit.pakistantoday.com.pk/2024/12/09/in-an-industry-riddled-with-challenges-treet-battery-has-proven-its-mettle-can-they-seal-the-deal/|title=In an industry riddled with challenges, Treet Battery has proven its mettle. Can they seal the deal?|first=Zain|last=Naeem|date=9 December 2024|website=Profit by Pakistan Today}} It sells Daewoo-branded batteries. Later, in April 2023, the Modaraba demerged the battery segment, resulting in the separate listing of company as Treet Battery.{{Cite web |last=Naeem |first=Zain |date=2024-01-14 |title=Trick or Treet: Decoding the meteoric rise in the stock price of the battery manufacturer |url=https://profit.pakistantoday.com.pk/2024/01/14/trick-or-treet-decoding-the-meteoric-rise-in-the-stock-price-of-the-battery-manufacturer/ |access-date=2024-01-25 |website=Profit by Pakistan Today |language=en-US}}
Products
- Conventional and disposable razors
- Lead acid batteries (Daewoo brand batteries){{cite web|url=https://tribune.com.pk/story/1511983/treet-invests-rs6-billion-battery-manufacturing-plant/|title=Treet invests Rs6 billion in battery manufacturing plant |publisher=The Express Tribune|date=21 September 2017|accessdate=18 December 2018}}
- Corrugated boxes for packaging
- Pharmaceuticals
- Soaps
- Metal components
References
{{reflist}}
{{KSE 100}}
{{DEFAULTSORT:Treet Corporation}}
Category:Manufacturing companies based in Lahore
Category:Companies listed on the Pakistan Stock Exchange
Category:1970s initial public offerings
Category:Manufacturing companies established in 1977
Category:Conglomerate companies of Pakistan
Category:Pakistani companies established in 1977
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