Ghazi Fabrics International Limited

What Ghazi Fabrics International Limited does

Ghazi Fabrics International Limited is a publicly listed Pakistani textile manufacturer (PSX ticker: GFIL), founded in 1989 and headquartered in Lahore. The company operates as a vertically integrated composite textile unit combining spinning, weaving, and captive power generation, the first operation of its scale and kind in Pakistan. Its core products are PC (Poly Cotton) and CVC (Chief Value Cotton) yarns marketed under the PANTHER brand in Far East and European markets, with counts ranging from Ne6 to Ne60 for weaving and hosiery applications, plus a range of woven fabrics from basic twills to high thread count fine qualities produced on 192 Toyota air jet looms.

The business model is B2B direct sales of commodity textile inputs to apparel and work-wear manufacturers, domestically and internationally. Differentiators historically relied on captive power generation (12 MW gas + 9.6 MW HFO totaling 21.6 MW), a waste heat recovery system delivering 20% thermal efficiency gains, and the established PANTHER brand. Go-to-market is sales-led with no meaningful digital marketing footprint beyond a corporate website.

Ghazi Fabrics is currently in severe financial distress. Operations were temporarily discontinued in 2025 and fully suspended during 9MFY26 amid mounting raw material and utility costs. Net sales collapsed 99.81% in 9MFY26 to Rs. 1.07 million, against a 2025 base that had already declined 86.57% to Rs. 594.03 million. Workforce was cut from 2,080 employees in 2022 to 162 in 2025, a 92% reduction, and accumulated losses reached Rs. 2,796.414 million. Auditors have flagged material uncertainty regarding the company's ability to continue as a going concern.

Name

Ghazi Fabrics International Limited

Legal name

Ghazi Fabrics International Limited

Website

https://ghazifabrics.com

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Ghazi Fabrics International Limited is a publicly listed Pakistani vertically integrated textile manufacturer producing PANTHER-branded PC and CVC yarns and woven fabrics for apparel and work-wear manufacturers in domestic, Far East, and European markets. Operations are currently suspended amid severe financial distress.

Ownership category

akta.pro rank

Product category

Textile Manufacturing

NAICS

Broadwoven Fabric Mills (31321), Textile Mills (313), Fiber, Yarn, and Thread Mills (313110)

SIC

Broadwoven Fabric Mills, Cotton (2211), Broadwoven Fabric Mills, Man Made Fiber & Silk (2221), Textile Mill Products (2200)

akta.pro primary industry

Denim & Twill Mills (IMAOABAG)

akta.pro secondary industries

Greige Woven Fabric Mills (IMAOABAA), Spun Yarn Manufacturing (Ring/Open-End/Compact) (IMAOAAAD)

Keywords

• Textile manufacturing
• Yarn production
• Woven fabrics
• Poly cotton yarn
• Captive power generation

Headquarters

HQ city

Lahore

HQ country

Pakistan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Textile Manufacturing and Sales: The company was a vertically integrated textile manufacturer producing yarn and woven fabrics. Net sales declined 86.57% to Rs. 594.03 million in 2025 and collapsed 99.81% during 9MFY26 to just Rs. 1.07 million. Operations temporarily discontinued in 2025 and fully suspended during 9MFY26.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Ghazi Fabrics International Limited is a vertically integrated textile manufacturer producing PANTHER-brand PC (Poly Cotton) and CVC (Chief Value Cotton) yarns in counts from Ne6 to Ne60, along with woven fabrics including twills, drills, poplins, satins, sateens, and high thread count qualities. The company operates spinning, weaving, and captive power generation units with 21.6 MW total energy capacity including waste heat recovery systems, selling primarily to apparel and work-wear manufacturers in Far East and European markets.

Product overview

Ghazi Fabrics International Limited operates as a vertically composite textile manufacturing unit, the first of its kind and scale in Pakistan. The company comprises three integrated divisions: a Spinning Unit producing PANTHER branded PC (Poly Cotton) and CVC (Chief Value Cotton) yarns; a Weaving Unit with 192 Toyota Airjet machines producing diverse fabric constructions from basic twills to high thread count fine qualities; and a Power Generation facility with 12 MW gas plant and 9.6 MW HFO units featuring waste heat recovery systems. The company also operates a biogas production system with 120 cubic meter daily capacity for renewable energy initiatives.

Differentiator

Problem solved

Functional benefit

Brands

• PANTHER: Top quality yarn brand established in Far East and European markets, producing A-grade PC (Poly Cotton) and CVC (Chief Value Cotton) yarns.

Products and services

• PANTHER Brand Yarn Top quality A-grade PC (Poly Cotton) and CVC (Chief Value Cotton) yarns produced in different blend ratios throughout the year, including carded and combed yarns ranging from Ne6 to Ne60 count for both weaving and hosiery applications. Sold to Far East and European markets under the established PANTHER brand.
• Woven Fabrics Diverse woven fabric constructions produced on 192 Toyota Airjet looms including twills, drills, poplins, satins, sateens, and high thread count fine qualities, with capability ranging from bull denim to T-600 quality. Produced for apparel and work-wear manufacturers, with warping, sizing (up to 340cm beams), drawing/knotting, and inspection departments.
• Captive Power Generation In-house power generation facility comprising a 12 MW gas plant (four GE Jenbacher engines established 2004-2005) and 9.6 MW HFO unit (three MAN furnace oil base engines added 2015-2016), with waste heat recovery systems that convert exhaust gases into steam for sizing machines, achieving 20% thermal efficiency gains.

Quantifiable outcome

• 20% increase in thermal efficiency from waste heat recovery system
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators6 records

Recent moves5 records

Expansion highlights3 records

Regional players

• KPR Mill Limited: Indian vertically integrated textile manufacturer producing yarn, knitted/woven fabrics, and garments. Comparable in vertical integration model and export orientation, but operating primarily in India rather than Pakistan.

Direct peers

• Gul Ahmed Textile Mills Limited: Major Pakistani vertically integrated textile manufacturer producing yarn, woven fabrics, and finished apparel. Listed on PSX with similar export orientation to Far East and European markets, making it a direct peer in spinning and weaving.
• Artistic Fabric & Garment Industries (Private) Limited: Large Pakistani denim and twill producer with integrated spinning and weaving operations. Direct competitor in the denim/twill woven fabric segment that matches Ghazi Fabrics' core product line.
• Yunus Textile Mills Limited: Pakistani textile mill producing yarn and woven fabrics including denim and work-wear materials. Comparable vertically integrated operating model and similar customer base in apparel and work-wear manufacturers.
• Kohinoor Textile Mills Limited: Pakistani textile manufacturer producing yarn, greige and processed woven fabrics. Comparable in scale and product mix to Ghazi Fabrics' weaving and spinning divisions.
• Nishat Mills Limited: One of Pakistan's largest vertically integrated textile companies with spinning, weaving, dyeing, and power generation. Directly comparable to Ghazi Fabrics in scale, vertical integration model, and product mix (yarn, woven fabrics, work-wear fabrics).
• Fazal Cloth Mills Limited: Multan-based vertically integrated textile mill producing yarn, woven fabrics, and denim. Direct Pakistani peer with overlapping spinning/weaving capabilities and export market focus.
• Sapphire Textile Mills Limited: Vertically integrated Pakistani textile mill producing yarn, denim, twill, and work-wear fabrics. Strong overlap with Ghazi Fabrics in PC/CVC yarn production and twill-based woven fabrics for export markets.

Broad incumbents

• Interloop Limited: One of the world's largest hosiery manufacturers, also operating spinning. While focused downstream on hosiery, it competes for the same yarn inputs and is a major Pakistani textile player with broader scale than Ghazi Fabrics.
• Arvind Limited: Large Indian textile conglomerate with significant denim, woven, and technical fabric operations. Broader portfolio than Ghazi Fabrics but highly comparable on the woven denim/twill side and as a yarn supplier to apparel brands.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/fabrics_ghazi
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ghazi Fabrics International Limited