The year 1916 saw the emergence of family business destined to become one of the leading industrial conglomerates of Pakistan. The business was set up in undivided India. A small cottage industry was set up by Dewan Mohammad and his son Dewan Mushtaq Ahmed to manufacture garments. During 1918 another trading firm was established for importing clothing and other commodities, which were sold all over India.

Following partition of India in 1947, Dewan family migrated to Pakistan and settled in Karachi. The business was re-established in the new born country under the name of Dewan Mushtaq Sons which was previously engaged in trading of commodities like tea, sugar, garments, and fabrics. By the late fifties the firm’s turnover had risen to around US $ 7 million.

In 1968 the Dewan family, under leadership of Dewan Mohammad Umar Farooque who was ably supported by his younger brother Dewan Mohammad Salman Farooqui, decided to enter the industrial Arena. They first ventured into Textile yarn spinning and thereafter diversified into sugar and Polyester Staple Fiber.

The fourth generation and staple of Dewan family is now aggressively expanding and diversifying in the fields of Acrylic Fiber, Automobiles & Motorcycles, sugar, cement and trading.

Dewan Zia-ur-Rehman Farooqui, the present group Chairman took over the group in 1992.He provides strategic direction and made the group a business conglomerate in last 13 years. Dewan Mohammad Yousuf Farooqui is the group Managing Director, is dynamic young man who has drive to implement and run new projects successfully.